How to safely buy Bitcoin in   (2021)

A guide for citizens of the Cayman Islands to learn the safest and best ways to buy Bitcoin. Review and compare the best Bitcoin exchanges available to residents of the Cayman Islands to get started.

Bradley Mills
Editor at Buy Bitcoin Finder
Last edited: 
June 23, 2021

How to buy Bitcoin in Cayman Islands

Buying Bitcoin in Cayman Islands is much easier than many think. It is as simple as picking an exchange, creating an account, depositing money and clicking "buy Bitcoin".

Where to purchase Bitcoin

Review and compare the best cryptocurrency exchanges below to find the fastest and most secure way to make your first Bitcoin purchase in the Cayman Islands. Buy Bitcoin Finder gives order placement preference to exchanges located in Cayman Islands, or exchanges that enable the smoothest verification for citizens of the Cayman Islands.


Filters
Payment methods
Ratings
Clear Filters

The world's largest digital asset institution

Residents of the United States, United Kingdom, Australia, Japan, Canada and other countries can use Coinbase to invest in Bitcoin and other cryptocurrencies using a debit card or credit card.

Coinbase provides a simplistic user interface that delivers bitcoin to your account instantly when you buy using a debit card. Coinbase generally charge a fee of 3.99% per transaction. Coinbase Fees are 0.5% per trade when you deposit fiat into their platform.

Pros

  • Easy way for users to buy Bitcoin and crypto
  • Instant buy available with a debit card
  • The largest and most trusted exchange worldwide

Cons

  • Fees can be high with debit card purchases only.
Useability
5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use
Reputation
5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use
Privacy
5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use
Fees
5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use
Buy Bitcoin with Coinbase

Best in class for security and data protection.

Kraken was founded in mid-2011 by long time Bitcoin advocate Jesse Powell and has grown to become one of the world's largest exchanges. Based on volume alone, they are the largest exchange in Europe and the UK.

Kraken is one of the most trusted exchanges worldwide.

Pros

  • Very low fees for traders. 0.25% maker and taker fees
  • Best in class for security and data protection
  • Great volume for traders needing liquidity

Cons

  • User interface can be confusing to newbies
Useability
5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use
Reputation
5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use
Privacy
5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use
Fees
5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use
Buy Bitcoin with Kraken

The premier exchange for Bitcoin traders

Binance is arguably the world’s largest Bitcoin and cryptocurrency exchange. They offer the best platform for crypto to crypto trades if you are looking to boost your Bitcoin holdings and stack some satoshi’s.

Buy Bitcoin Finder recommends Binance as the best place to trade Bitcoin against other cryptocurrencies for the lowest fees and the deepest liquidity. Binance also offer a Bitcoin Futures trading platform with up to 125x leverage.

Pros

  • The best exchange in the world to trade cryptocurrency
  • Binance offers margin trading and perpetual futures
  • Easy to use interface for new traders

Cons

  • Fees for day traders can get expensive if you do not trade using Binance coin
Useability
5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use
Reputation
5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use
Privacy
5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use
Fees
5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use
Buy Bitcoin with Binance

The Best Bitcoin and Cryptocurrency Exchange in Cayman Islands

CoinField is the best known Bitcoin and cryptocurrency exchange based in the Cayman Islands. They offer an end to end service for all kinds of crypto users including an easy to use exchange with an iOS and Android app, as well as a market leading OTC desk for institutional and high net worth investors.

CoinField are operational across 193 different countries and offer a wide range of payment methods and fiats to onboard into the digital asset space.

Pros

  • 6 fiat deposit and withdrawal options
  • Offer over 20 different crypto pairs
  • Users can buy Bitcoin with PayPal

Cons

  • The do not offer any of the new DeFi coins
Useability
5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use
Reputation
5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use
Privacy
5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use
Fees
5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use
Buy Bitcoin with CoinField

Invest in Bitcoin with a Debit Card or Credit Card Instantly

Coinmama allows users from any country around the world to buy Bitcoin, Ethereum and Chainlink using their exchange. They are one of the few exchanges that allow Credit Card and Debit Card purchased for Bitcoin and crypto using Visa and Mastercard.

If you are a customer in Europe, you can also buy Bitcoin with a SEPA transfer for a lower fee. Coinmama is an extremely private and secure option to invest in Bitcoin as they will send it to your personal Bitcoin wallet, as opposed to having the Bitcoin or cryptocurrency on a managed and less secure wallet on their platform.

Pros

  • Purchase crypto with a Debit Card and Credit Card
  • Highest limit to invest in Bitcoin using a Credit Card
  • Reliable and trustworthy exchange

Cons

  • Relatively high fees when using a Debit Card or Credit Card
Useability
5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use
Reputation
5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use
Privacy
5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use
Fees
5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use
Buy Bitcoin with Coinmama

Peer to peer (P2P) Bitcoin exchange

Local Bitcoins is a decentralized exchange that acts as an escrow service to facilitate peer to peer buys and sells of Bitcoin by allowing users to list their own Bitcoin advertisements or trades.

Users can choose to meet and pay in person or online, making Local Bitcoins the most private way to buy Bitcoin. Local Bitcoins facilitates transactions in Australia, New Zealand, United Kingdom, United States, South Africa and virtually every other country around the world.

Pros

  • The best choice for privacy
  • Requires no personal information
  • Instant purchases available with cash

Cons

  • Users must be careful of scams
  • Slightly higher Bitcoin price than exchanges
Useability
5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use
Reputation
5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use
Privacy
5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use
Fees
5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use
Buy Bitcoin with Local Bitcoins

Trade a range of assets in one platform

eToro is a world renown multi-asset brokerage company that allows users to invest in Bitcoin as well as buy and trade other cryptocurrencies, stocks, ETFs, currencies, indices and commodities.

eToro is a well respected business that is best in class in terms of security and regulation from a global standpoint. eToro is available in most countries around the world including Australia, Canada, United States, United Kingdom, New Zealand and more.

Pros

  • Gold standard in terms of regulation and security
  • Simple user interface for new traders
  • Social trading allows you to copy trade famous traders

Cons

  • It isnt a pure Bitcoin exchange, which results in high fees
Useability
5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use
Reputation
5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use
Privacy
5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use
Fees
5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use
Buy Bitcoin with eToro

Industry Leading Bitcoin Futures Trading Platform

Binance has created an industry leading Futures trading platform that allows users to trade Bitcoin, Ethereum, Chainlink and more against Tether (USDT) with up to 125x leverage. You can open a Binance Bitcoin Futures account anywhere around the world in minutes and gain access to deep liquidity, fast execution and an array of different features.

Click this link for an in depth Binance Futures Review.

Binance have the lowest fees for Bitcoin Futures trading and if you sign up through this link, you will get 10% taken off your trading fees.

Pros

  • Very low trading fees at 0.1%
  • Deep liquidity on Bitcoin and other cryptos
  • Up to 125x leverage for futures trading

Cons

  • You can only trade against Tether (USDT)
Useability
5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use
Reputation
5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use
Privacy
5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use
Fees
5 Star Buy Bitcoin Rating for Ease of Use5 Star Buy Bitcoin Rating for Ease of Use
Trade Bitcoin Futures on Binance

Regulatory Framework of Bitcoin Cayman Islands

The Cayman Islands has quickly become a hub for Bitcoin startups due to its neutral tax treatment, political stability and its status as a jurisdiction of choice for investment funds and other startups.

On the 28th of April 2020, the legislative assembly of the Cayman Islands proposed the first pieces of legislation pertaining to crypto and Bitcoin - with five new pieces of legislation governing crypto businesses, particularly exchanges.

Like many other countries, the proposed frameworks largely construct laws around anti money laundering and counter terrorism financing to keep risks associated with Bitcoin transactions low.

Outside of this, the Cayman Islands is a safe and easy place to buy Bitcoin due to the lack of regulation and the low tax status placed on digital assets.


Over the Counter Bitcoin in Cayman Islands

If you are an institutional or high net worth investors looking to buy a large amount of Bitcoin, Buy Bitcoin Finder recommends that you use an Over-the-counter Bitcoin trading desk.

These trading desks provide professional and personalised services that enable people looking to buy over $100,000 USD of Bitcoin to securely buy Bitcoin and place large orders that wont disrupt the market.

We've been unable to match your search criteria, try altering your filters.