In the past few years, Bitcoin has gone from being relatively underground, being used predominantly by criminals and the technologically gifted, to consistently being mentioned in mainstream media as being a profitable investment. This meteoric rise to fame is due to the revolutionary technology that powers Bitcoin, allowing every transaction on the network to be verifiable by anyone. It also puts money back in the hands of individuals, shielding citizens from high inflation rates and removing the need for banks to manage your money.
Bitcoin has been quite a volatile asset since its conception, partly as it was considered speculative until its recent mass adoption, an example of this would be El Salvador making Bitcoin legal tender. In late 2017, the year Bitcoin started to gain a lot of traction, Kuwait banned institutions from trading Bitcoin citing its volatility. This was a hit to the popularity of Bitcoin in Kuwait, although residents of the country were still free to invest. Since then Bitcoin has been consistently growing in both price and popularity, so there’s no better time to learn how to buy Bitcoin in Kuwait.
#1 Broker to Buy Bitcoin – eToro
How to Buy Bitcoin in Kuwait – The Quick Four-Step Strategy
If you want to buy Bitcoin in Kuwait all you have to do is follow these simple steps:
- Sign up to eToro: If you want to buy Bitcoin in Kuwait, then eToro offers a great blend of features, ease of use, and security.
- Verify your identity: As with any regulated exchange, you’ll have to verify your identity before depositing fiat. This is standard practice and is primarily to combat money laundering and tax evasion.
- Deposit funds to your eToro account: Deposit fiat using either a credit/debit card, bank transfer, or PayPal. You should note, for new accounts, there is a minimum deposit of $1000, however, this will be reduced to just $50 for any subsequent transactions.
- You’re now ready to buy Bitcoin Kuwait: All you have to do is search for “Bitcoin” or “BTC”, select how much you want, and hit “buy”.
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