A comprehensive guide to buying Bitcoin in Kuwait safely and quickly. Compare the best Bitcoin exchanges as a resident of Kuwait to get started.
Buying Bitcoin in Kuwait is much easier than many think. It is as simple as picking an exchange, creating an account, depositing money and clicking "buy Bitcoin".
Buy Bitcoin Finder gives order placement preference to exchanges located in Kuwait, or exchanges that enable the smoothest verification for citizens of Kuwait.
Rain is one of the first Bitcoin and cryptocurrency exchanges in the Middle East that earned a regulatory license to legally operate out of Kuwait, UAE, Saudi Arabia and many other countries in the region.
Rain's platform is simple to use and enables its users to buy, sell and trade cryptocurrencies securely through the website or mobile application.
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.
Coinmama allows users from Kuwait to instantly buy Bitcoin, Ethereum and Litecoin 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.
They are a good local option for users looking to buy Bitcoin on a local 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.
Coindirect is a Bitcoin exchange based in the Isle of Man that allows you to buy and sell over 30 different cryptocurrencies. They offer an easy to use platform that allows you to join and buy Bitcoin 24/7.
Coindirect are available in countries like Australia, United Kingdom, Canada, Lebanon, United States and many more.
The status of Bitcoin in Kuwait is in a relatively precarious position. During the Bitcoin bubble in 2017, the government in Kuwait had banned financial institutions from owning or promoting trading of Bitcoin due to the volatility and global regulatory uncertainty of cryptocurrencies.
Further, Bitcoin in Kuwait is not regarded as legal tender - leaving it in a zone of in-distinction as an asset class within the country.
With that said, the ownership of Bitcoin for residents of Kuwait is completely legal. Citizens of the country are allowed to buy and sell Bitcoin without having to worry about legal ramifications on trusted exchanges such as Rain.