How To Buy Bitcoin in Mauritius?

Mauritius has put in place a regulatory structure for entities dealing with virtual asset services (VASPs) and for those offering initial token offerings (ITOs) within the non-banking financial sector. The Virtual Asset and Initial Token Offering Services (VAITOS) Act was enacted on February 7, 2022, providing a pathway for businesses looking to engage in VASP activities or launch ITOs within or from Mauritius to seek licensing or registration from the Financial Services Commission (FSC). The VAITOS Act outlines the licensing criteria for various crypto-related services, such as broker-dealer operations for virtual assets, custodial services, wallet services, advisory functions, and trading platforms like cryptocurrency exchanges.

In Mauritius, cryptocurrencies and virtual assets (VAs) are not recognized as legal tender, in contrast to fiat currencies. Nevertheless, individuals and companies are free to utilize cryptocurrencies at their own risk, and there is a notable awareness and acceptance of these digital assets within the country. The introduction of the VAITOS Act has been a transformative step for Mauritius’s cryptocurrency legislation, creating a more advanced, equitable, and secure framework for regulating the digital asset market in Africa.

The Act mandates that businesses establish robust systems and controls to verify the legitimacy of funds and wealth sources, while also safeguarding consumer rights according to set regulations. Entities that do not comply with the VAITOS Act’s stipulations may incur substantial fines in Mauritian rupees (MUR).

Mauritius has implemented a range of digital asset regulations that have contributed to the stability of its cryptocurrency environment. The country adheres to all 40 recommendations of the Financial Action Task Force (FATF), the international body that sets standards for combating money laundering and terrorist financing. The VAITOS Act aligns with the FATF’s Recommendation 15, which advocates for the regulation of VASPs for anti-money laundering and counter-terrorist financing, requiring them to be licensed and subject to effective monitoring or oversight.

Easiest and cheapest ways to buy crypto in Mauritius

Getting bitcoins in Mauritius is not an easy task as not all popular crypto exchanges are available to Mauritius citizens. This is a current list of bitcoin exchanges that allow users from Mauritius 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 Mauritius?

Pursa

👛 Ease of Use – Easy
👛 Fees – Medium
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – GHS, KES, UGX, RWF, ZMW, NGN

Pursa exchange was launched by Mbuh Jude in September 2018. He is also the CEO/Founder of the GlobexCam Group. The company is located in Cameroon.
More info +
Regulated & very safe
How To Buy Bitcoin in Mauritius?

Coinmama

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

Coinmama is one of the oldest centralized cryptocurrency exchanges on the market. It was founded in Israel in 2013. Today, Coinmama’s head office is in Dublin, Ireland. Using this crypto exchange, you can easily and quickly buy and sell 10 different cryptocurrencies.
More info +
Established & high liquidity
How To Buy Bitcoin in Mauritius?

Binance

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

Over 30 million users worldwide and more than $15 billion in daily trading volume make Binance the world’s largest centralized cryptocurrencies exchange. Originally launched in 2017 in Hong Kong, the platform is still unregulated, it quickly became the most used exchange on the market. Binance is supported in 60+ countries (excluding the U.S).
More info +

Best Bitcoin Wallets in Mauritius

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
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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
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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
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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 & Long Established
How To Buy Bitcoin in Mauritius?

Cex.io

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

Founded in 2013 in London, UK, and with over 4 million users, Cex.io is among the oldest cryptocurrency exchange platforms on the market. On Cex.io, you can buy, sell, trade, and store over 100 cryptocurrencies.
More info +
Regulated & high liquidity
How To Buy Bitcoin in Mauritius?

Kraken

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

Established in 2011, Kraken has carved a niche for itself as a trusted and reliable crypto exchange. It boasts support for an impressive roster of over 220 digital assets, encompassing major cryptocurrencies like Bitcoin, Ethereum, Cardano, and many others. Security has always been a cornerstone for Kraken, making it a go-to choice for many.
More info +
Regulated & high liquidity
How To Buy Bitcoin in Mauritius?

CoinSmart

👛 Ease of Use – Easy
👛 Fees – Low
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – CAD

As one of the trending Canadian crypto exchanges, Coinsmart was launched in 2018 by Jeremy Koven and Justin Hartzman.
More info +

Frequently asked questions about buying Bitcoin in Mauritius

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Petar Jovanović
Petar Jovanović

As the Head of Content at Captainaltcoin, I bring years of experience in the crypto industry. With a strong belief in the potential of the web3 market since 2017, I'm passionate about sharing valuable insights and knowledge. Feel free to connect with me on LinkedIn and let's discuss the exciting world of cryptocurrencies and decentralized technologies!

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