How To Buy Bitcoin in Kuwait? [+ One Mistake To AVOID]

Are you wondering how to buy Bitcoin in Kuwait or searching for the best crypto wallet in Kuwait? Look no further! While Kuwait has strict regulations regarding virtual assets, there are still ways to navigate the crypto landscape in the country.

Despite the absence of Bitcoin ATMs in Kuwait, several online platforms and exchanges offer services for buying Bitcoin and other cryptocurrencies. Among them, BitOasis stands out as the Middle East & North Africa’s largest digital asset trading exchange, platform, and wallet service. With a trusted reputation and user-friendly interface, BitOasis makes it easy for Kuwaiti citizens to dive into the world of cryptocurrency. So, whether you’re looking for a Bitcoin machine in Kuwait or curious about the availability of Bitcoin ATMs in the country, this guide has got you covered!

Crypto Regulations in Kuwait

Kuwait has implemented strict regulations to curb the use of virtual assets, including cryptocurrency, for payments or investments. The Capital Markets Authority (CMA) has imposed an absolute ban on all digital asset mining and prohibited the recognition of crypto as decentralized currency. Furthermore, the CMA has warned the public against companies providing crypto-related services and urged customers to be cautious of the risks associated with virtual assets.

The Central Bank of Kuwait has also issued guidelines and warnings to its citizens regarding the risks of investing in cryptocurrency. Penalties for violating Kuwait’s Anti-Money Laundering laws are outlined in Article 15 of Law No. 106 of 2013. Although the regulations regarding crypto mining are unclear, individuals are still free to engage in cryptocurrency mining activities.

Easiest and cheapest ways to buy crypto in Kuwait

Getting bitcoins in Kuwait is not an easy task as not all popular crypto exchanges are available to Kuwaiti citizens. This is a current list of bitcoin exchanges that allow users from Kuwait to buy crypto. They all support buying crypto with credit/debit cards but some of them offer other payment methods as well.

Trusted & high liquidity
How To Buy Bitcoin in Kuwait? [+ One Mistake To AVOID]

BitOasis

👛 Ease of Use – Medium
👛 Fees – High
👛 Verification – 1-2 Days
👛 Reputation – Trusted
👛 Supported fiat – AED (UAE Dirham)

BitOasis is the Middle East & North Africa’s (MENA) largest digital asset trading exchange, platform, and wallet service.
More info +
Regulated & high liquidity
How To Buy Bitcoin in Kuwait? [+ One Mistake To AVOID]

Rain

👛 Ease of Use – Easy
👛 Fees – Average
👛 Verification – 1-2 Days
👛 Reputation – Trusted
👛 Supported fiat
SAR, BHD, AED, OMR, KWD, and more

Rain is the first cryptocurrency exchange to earn a regulatory license in the Middle East and joins an elite group of exchanges internationally.
More info +
Regulated & high liquidity
How To Buy Bitcoin in Kuwait? [+ One Mistake To AVOID]

eToro

👛 Ease of Use – Easy
👛 Fees – Low
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP + more

eToro is a versatile trading platform that provides users with access to various financial instruments, including stocks, ETFs, cryptocurrencies, and CFDs. The platform has a straightforward fee structure, charging a 1% fee for cryptocurrency transactions, with no fees for ETFs and stocks, although ETFs may have their own internal costs.
More info +
Established & high liquidity
How To Buy Bitcoin in Kuwait? [+ One Mistake To AVOID]

Binance

👛 Ease of Use – Medium
👛 Fees – Low
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, AUD, RUB

Binance was launched back in July of 2017 and very quickly became the world’s largest cryptocurrency exchange by trading volume with more than $1 billion on a daily basis.
More info +

Best Bitcoin Wallets in Kuwait

It is never a good idea to keep your coins on an exchange as that exposes you to numerous risks (exchange hacks, fund freezes by the exchange or some government regulatory body, etc). That is why you should use one of the wallets we list below to store your digital assets.

But, which bitcoin wallet is available in this country?

The safest option is a hardware wallet like Nano X but ZenGo is also a good choice, especially for newcomers.

Bottom Line
Pros
Cons
ZenGo
ZenGo
Mobile
Visit Now
Bottom Line
ZenGo is an easy iOS/Android Bitcoin & cryptocurrency wallet. Getting started takes less than 20 seconds.
Pros
extremely safe as it uses biometrics for security
you can buy crypto directly from it
has savings and staking account
Cons
No major flaws
Exodus
Exodus
Desktop
Visit Now
Bottom Line
Electrum is one of the oldest and most popular desktop multi-currency wallets which is compatible with Windows, Mac, and Linux
Pros
One of the oldest wallets in the market
you can buy and stake directly from the wallet
supports all major coins and blockchains
Cons
Not completely open source
Ledger Nano X
Ledger Nano X
Hardware
Visit Now
Bottom Line
Ledger Nano X is a leading and most secure cold storage wallet that connects to your device via Bluetooth.
Pros
Safest wallet in the market
competitive price
supports a lot of coins
you can buy directly from the wallet
stake directly from the wallet
Cons
Small display
complicated to setup for newbies

Read also:

Regulated & high liquidity
How To Buy Bitcoin in Kuwait? [+ One Mistake To AVOID]

Kraken

👛 Ease of Use – Easy
👛 Fees – Average
👛 Verification – 2-3 Days
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, JPY, CAD

As a pioneering cryptocurrency exchange, Kraken has been at the forefront of the crypto revolution since 2011. Its platform is a gateway to a vast array of over 220 digital assets, including market leaders like Bitcoin, Ethereum, and emerging players like Cardano. Security is a hallmark of Kraken, making it a trusted choice for traders worldwide.
More info +
Regulated & Long Established
How To Buy Bitcoin in Kuwait? [+ One Mistake To AVOID]

Cex.io

👛 Ease of Use – Easy
👛 Fees – High
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, RUB

Cex.io is one of the oldest exchanges in the crypto world. It was launched in 2013 as a Bitcoin exchange and cloud mining provider, but today it is a global multi-functional crypto platform with over 4 million users.
More info +
Regulated & high liquidity
kucoin logo

KuCoin

👛 Ease of Use – Easy
👛 Fees – Low
👛 Verification – 1 day
👛 Reputation – Trusted
👛 Supported fiat –  USD, EUR, GBP, AUD, CAD + 20 more


KuCoin, founded in 2017, has carved a niche for itself. Operating out of Hong Kong, this exchange is celebrated for its vast array of over 600 cryptocurrencies, ensuring that both mainstream and emerging coins are accessible to traders
More info +
Regulated & very safe
How To Buy Bitcoin in Kuwait? [+ One Mistake To AVOID]

Coinmama

👛 Ease of Use – Easy
👛 Fees – High
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, CAD, AUD

Coinamma is one of the oldest cryptocurrency exchanges since it was launched back in 2013. The headquarters of the company is in Slovakia and Ireland and its founders are Laurence Newman, Nimrod Gruber, and Ilan Schuster.
More info +
Regulated & high liquidity
How To Buy Bitcoin in Kuwait? [+ One Mistake To AVOID]

Changelly

👛 Ease of Use – Easy
👛 Fees – Average
👛 Verification – 1 day
👛 Reputation – Trusted
👛 Supported fiat – USD, JPY

Changelly offers a platform to sell, store, and trade cryptocurrencies. As a decentralized exchange (DEX), it empowers users to trade directly from their personal wallets, eliminating the need for any intermediaries. This positions Changelly as a peer-to-peer platform, facilitating direct cryptocurrency trades between users.
More info +

Frequently asked questions about buying Bitcoin in Kuwait

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Felix Küster
Felix Küster

Felix Kuester works as an analyst and content manager for Captainaltcoin and specializes in chart analysis and blockchain technology. He is also actively involved in the crypto community - both online as a central contact in the Facebook and Telegram channel of Captainaltcoin and offline as an interviewer he always maintains an ongoing interaction with startups, developers and visionaries. The physicist has couple of years of professional experience as project manager and technological consultant. Felix has for many years been enthusiastic not only about the technological dimension of crypto currencies, but also about the socio-economic vision behind them.

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