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Buying Bitcoin in Uzbekistan is easy, thanks to the government's blockchain-friendly legislation. Cryptocurrency trading and exchanges are legal in Uzbekistan, but an order issued last December allows citizens to trade only with licensed exchanges.

Registan, an old public square in Samarkand, Uzbekistan

As a consequence, there isn't a wide variety of exchanges to choose from in Uzbekistan, but there are still some great options. Coinmama is one of them, a popular exchange in Uzbekistan and around the world. eToro is another good choice.

Both exchanges require identity verification before facilitating a transaction, which may be an issue for those who want to preserve their privacy.

Uzbekistan doesn't have any Bitcoin ATMs, which is normally the most private way to buy Bitcoin.

Instead, using an exchange like LocalBitcoins is a better idea. LocalBitcoins matches buyers and sellers on the Bitcoin network - both in Uzbekistan and abroad - facilitating trade between peers without ID verification.

Whatever route you choose to buy Bitcoin, you should always store it on a secure, cold storage hardware wallet. Most people opt for the Ledger Nano X because of its security and ease-of-use. Check out our favorite below!

When you have a functional hardware wallet and an exchange in mind, buying Bitcoin in Uzbekistan is easy. Verify your ID (if necessary), connect a payment method, and buy Bitcoin.

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Uzbekistan has access to many large Bitcoin and cryptocurrency exchanges.

Have a look at our favorites below:

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There are three main types of Bitcoin wallet and all of them are supported in Uzbekistan:

• Software (desktop or mobile - iOS and Android wallets
• Hardware wallet
• Cold-storage (paper or steel wallets, the latter of which are used to backup your main wallet.

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Ethereum (ETH) has established itself as the second most popular digital currency, after Bitcoin. Its smart contract features allow unique apps to be built on top of its platform. Below you will find exchanges in Uzbekistan that allow you to buy ethereum. Once you buy, you should withdrawal your ETH directly to your own crypto wallet.

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Thanks to Tesla founder Elon Musk, Dogecoin (DOGE)—a coin that started as a meme about the shiba inu dog—has recently become a popular digital currency. Below you can find crypto exchanges in Canada that allow you purchase Dogecoin.

About Dogecoin: Dogecoin has become one of the most famous altcoin blockchains. Dogecoin was founded by Jackson Palmer and Billy Markus on December 6, 2013. Thanks to its popularity on Robinhood, it hit an all time high of $0.42 on April 20. Doge started the year at under $0.01 USD. It is an open source blockchain, meaning its code is publicly available for anyone to see.

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Litecoin (LTC) is one of largest cryptocurrencies by market cap. Below you can find a list of brokerages in Uzbekistan that allow you to buy litecoin and other crypto assets for good exchange rates.

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As of September 2020, we can find no evidence of scams or exchange hacks occuring in Peru or targeting Peruvian citizens. As soon as we learn of any, we will update this section to keep all readers up to date on any scams or dangers they should be aware of.

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Electricity prices are one of the leading factors used to determine mining profitability - if you earn more Bitcoin than you pay in electricity costs, you're profitable.

Using mining hardware with an excellent hash rate to power consumption ratio is a great way to increase profitability. But even with the best mining hardware on the market, you won't make a dime with expensive electricity cost.

That's why the majority of large scale mining operations are in countries with dirt-cheap electricity (approximately $0.05 per kWh or less).

Uzbekistan has some of the cheapest electricity in the world, coming in at a mere $0.035 per kWh. According to our Bitcoin mining profitability calculator, Bitcoin mining in Uzbekistan would be profitable, if it weren't for legislation there.

Legislation passed in December of 2019 by Uzbekistan's government drastically increased the rate of electricity for domestic crypto mining operations, effectively making mining in Uzbekistan entirely unprofitable.

For that reason, buying Bitcoin directly from a supported exchange in Uzbekistanis the best option for most people. Buying from an exchange - or another peer on the network, if you choose that route - doesn't require an enormous upfront investment, from which you probably won't see a profit.

With that said, the National Agency for Project Management an Uzbek government agency has announced that they are going to start their own mining pool and mining operation, as well as their own local crypto exchange. Miners who want to use thier pool will get access to cheaper electricity rates, so that could be an option going forward if mining in Uzbekistan is something you are interested in.

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Does Coinbase work in Uzbekistan?

Coinbase does NOT support customers in Uzbekistan as of September of 2020.

Where Can I Find a Bitcoin ATM in Uzbekistan?

You can use our Bitcoin ATM finder tool to check back in occasionally and see if one has opened.

What is the price of Bitcoin in Uzbekistan?

Bitcoin prices are changing every second.

The best way to find the most up-to-date price of Bitcoin is to check out our Bitcoin price page.

How do I cash out of Bitcoin in Uzbekistan?

Any exchange with a UZS trading pair will allow you to sell your Bitcoin for fiat currency. Coinmama has UZS trading pairs for many popular coins.

LocalBitcoins is another option. Here, you can buy and sell Bitcoin for a wide range of payment methods, from gift cards to bank transfers. LocalBitcoins is a peer-to-peer (P2P) exchange, where you buy and sell with another individual. This does introduce a degree of risk, though by ensuring that you conduct all business on the platform, make use of its escrow services, and only trade with users who have a good reputation, you'll minimize any potential problems.

Unfortunately, there are very few sellers on localbitcoins because the government cracks down very harshly on non-licensed Bitcoin sellers.

You could also use a service like eGifter to sell your Bitcoin for gift cards.