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You'll need a Bitcoin wallet before you buy since some exchanges require one.
Don't have a wallet? Read our guide on the best Bitcoin & cryptocurrency wallets.
We do not promote, endorse, or earn commissions from the trading of securities of any kind, including CFDs, however, eToro requires that we provide you with the following disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Coinmama allows customers in almost every country to buy bitcoin. They charge a 4.9%-5.9% (depends on volume) fee on each purchase.
Customers in Europe can also purchase bitcoins with SEPA transfer for a lower fee.
Want to buy using Coinmama? This step-by-step guide will show you how to use Coinmama.
eToro is a trading platform and crypto exchange. It supports Bitcoin, Ethereum, Litecoin, Zcash and many other coins.
Deposits can be made quickly via bank transfer, SEPA, NETELLER, PayPal and more. It also offers unique features like copy trading.
Your capital is at risk. We do not promote, endorse, or earn commissions from the trading of securities of any kind, including CFDs, however, eToro requires that we provide you with the following disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
LocalBitcoins is an escrow service which also helps to match bitcoin buyers and sellers. Users may advertise trades for whichever payment method they prefer.
Buying bitcoins via an in-person meeting, secured and facilitated by LocalBitcoins, may be one of the fastest and most private ways to buy bitcoins in any country, including the United States, Europe (besides Germany), UK, Singapore, Canada, Australia and many more.
Founded mid-2011, Kraken is the one of the world's largest cryptocurrency exchanges, and the largest in Europe based on daily average trading volume. It is available in almost all countries. Deposits can be made via bank wire, SEPA, ACH and SWIFT.
Bitt is a Bitcoin exchange based in the Caribbean. It has received over $10 million in venture capital funding. You can trade many currencies on the Bitt platform, including BBD, TTD, JMD, USD, EUR, and GBP.
Kiwi Coin is a Bitcoin exchange based in New Zealand. You can fund your exchange account with New Zealand domestic bank transfer. Fees are about 0.6% per purchase.
You can use our Bitcoin ATM map to buy bitcoins with cash. Bitcoin ATMs can be a quick and easy way to buy bitcoins and they're also private. That convenience and privacy, however, comes with a price; most ATMs have fees of 5-10%.
Mycelium Local Trader helps you find local Bitcoin sellers. Once you locate a seller, you meet up in-person and conduct the trade. Mycelium charges absolutely no fees. While Mycelium Local Trader works great in highly-populated areas, users in low population areas will have trouble finding sellers.
For now, cryptocurrency is not a legal tender in Trinidad and Tobago, and its Central Bank remains cautious about the new technology.
However, it's legal for citizens of Trinidad and Tobago to buy and sell Bitcoin, provided they're not using it for illegal activities.
There aren't any Bitcoin ATMs in Trinidad and Tobago, however, so if you want to buy Bitcoin privately, we recommend LocalBitcoins.
It's an exchange that facilitates private peer to peer payments without identity verification. Be careful if you select this exchange - follow the rules, so you don't get scammed.
Speaking of scams, you don't want to lose your Bitcoin to theft or a cyberattack. The best and only way to secure your Bitcoin is with a cold storage hardware wallet.
Bitcoin mining is a lot harder than buying it directly from an exchange. High upfront costs and low to no profitability has rendered Bitcoin mining obsolete for almost everyone. At this point, it seems that only large scale mining farms in countries with cheap electricity are still operating.
You're probably better off buying it directly, but if you're dead set on mining, here's the deal:
The importance of minimizing electricity costs cannot be overstated when it comes to maximizing Bitcoin mining profitability.
Unfortunately, the Caribbean islands are plagued by exceptionally high electricity costs. Most of them rely on importing oil to generate electricity.
Since the islands import practically all of their fuel, the average electricity cost in the Caribbean ranges between $0.30 and $0.40 per kWh, which is astronomically high.
In comparison, citizens of the United States pay around $0.12 per kWh on average.
However, Trinidad and Tobago is an outlier - the nation conveniently has a virtually abundant supply of natural gas on the island. As a consequence, their average electricity cost is approximately $0.05 per kWh, between one-sixth and one-eighth the price of other Caribbean islands.
Not only is Trinidad and Tobago's electricity lower than its fellow nations in the area, but it's also cheaper than most countries around the world.
In fact, according to our Bitcoin mining profitability calculator, a profitable mining operation is possible in Trinidad and Tobago. Using the Antminer S19, one of the most recent pieces of mining hardware, would turn a profit of around $535 per year with the current price of Bitcoin.
As you can see, even in a country with dirt-cheap electricity, mining is barely profitable. The ASIC mentioned above costs more than $2,000 per unit, which means you probably won't be able to pay it off for a few years, if at all.