A guide to purchasing Bitcoin and cryptocurrencies in Lebanon securely and cheaply. Compare the best Bitcoin exchanges as a resident of Lebanon to get started quickly.
Buying Bitcoin in Lebanon is much easier than many think. It is as simple as picking an exchange, creating an account, depositing money and clicking "buy Bitcoin".
Review and compare the best cryptocurrency exchanges below to find the fastest and most secure way to make your first Bitcoin purchase in Lebanon. Buy Bitcoin Finder gives order placement preference to exchanges located in Lebanon, or exchanges that enable the smoothest verification for citizens of Lebanon.
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.
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.
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.
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.
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.
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.
The popularity of Bitcoin in Lebanon has drove to all time highs since Lebanon's local currency the Lebanese lira (LBP) hit record lows of 4,000 LBP per 1 US Dollar. The currency crisis in Lebanon was due to the fact that the country's central bank, Banque du Liban, had apparently accrued up to $40 billion in debt over the past few years.
This crippling debt was then perpetuated by the unforeseen COVID-19 crisis and lockdown, which proved to be the tipping point of Lebanon's economic collapse. As the Lebanese lira crashed, demand for Bitcoin in Lebanon spiked as locals fled the LBP to avoid hyperinflation and devaluation of their wealth, and subsequently moved into Bitcoin.
Bitcoin is completely unregulated in Lebanon, making it easy for locals to buy, sell and trade BTC as well as other cryptocurrencies. All users need to do is compare the best Bitcoin exchanges above, register an account and they can get started with Bitcoin in muntes.