How to safely buy Bitcoin in (2021)
A guide to buying Bitcoin and other cryptocurrencies in Qatar securely and quickly. Review and compare the best Bitcoin exchanges as a resident of Qatar to get started.
How to buy Bitcoin in Qatar
Buying Bitcoin in Qatar is much easier than people many think. It is as simple as picking an exchange, creating an account, depositing money and clicking "buy Bitcoin".
Where to buy Bitcoin in Qatar
Review and compare the best cryptocurrency exchanges below to find the fastest and most secure way to make your first Bitcoin purchase in Qatar. Buy Bitcoin Finder gives order placement preference to exchanges located in Qatar, or exchanges that enable the smoothest verification for citizens of Qatar.
The Premier Middle Eastern Exchange
Rain is one of the first Bitcoin and cryptocurrency exchanges in the Middle East that earned a regulatory license to legally operate out of 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.
Pros
- The first cryptocurrency exchange in the Middle East
- Regulated and secure
- Low fees and great user experience
Cons
- Could offer more cryptocurrencies
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
Bitcoin and Crypto Exchange in the UAE
BitOasis is a Bitcoin exchange based in the Middle East that enables users in the UAE, Saudi Arabia and other countries to buy Bitcoin with a bank transfer or cash deposit.
They are a good local option for users looking to buy Bitcoin on a local exchange.
Pros
- 0.5% fee on all orders
- Good option to buy Bitcoin in the Middle East
- High multi-signature security protocols
Cons
- Not the most reputable exchange worldwide
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
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
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
The State of Crypto in Qatar
The country of Qatar which has a population of over 2.5 million has unfortunately banned Bitcoin and cryptocurrency trading. According to a statement by the Qatar Financial Centre (QFC) Regulatory Authority, they stated that Virtual Asset Services cannot be conducted in Qatar as at this time (August 2020).
The regulator went on to substantiate the above statement by saying that such Virtual Asset Services would include fiat to crypto trading, crypto to crypto trading and crypto custody. Although this appear to be a blanket ban on cryptocurrency, it seems as if it is a ban on cryptocurrency and Bitcoin exchanges operating out of Qatar - as opposed to citizens being banned from buying Bitcoin completely.