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How to Buy Bitcoin & Crypto in Kuwait

How to Buy Bitcoin & Crypto in Kuwait

Dylan Matthews
Fact Checked
Sep 17, 2022

Key Takeaways: There are many reputable cryptocurrency exchanges available to use in Kuwait. But it's important to find the right one by ensuring they are properly regulated and licensed to operate in Kuwait. Additionally, it's essential to consider the costs involved in buying digital assets through an exchange.

The best cryptocurrency exchange in Kuwait is the eToro platform. It's a multi-asset investing platform that's available to use in 140 countries and has over 20 million users. It offers investment opportunities in six asset classes including cryptocurrencies, stocks, ETFs, commodities, fiat currencies and indices.

Table of Contents

Best Crypto Exchange in Kuwait

Platform Highlights

  • Fast and cheap Kuwaiti Dinar Deposits via Kuwait Banks.
  • 80+ Cryptos and over 7,000 Stocks, ETFs & Commodities.
  • Zero trading fees across Crypto and Stocks and tight spreads.

Can I legally buy cryptocurrencies in Kuwait?

Cryptocurrencies are a relatively new phenomenon and their legal status is still being determined in many countries, including Kuwait. The government has not yet issued any clear guidelines or regulations on the matter. Still, it has announced that you can legally invest in cryptocurrencies and they will be considered a taxable assets.

Currently, no specific laws or regulations prohibit the buying or selling of cryptocurrencies in Kuwait. However, this could change in the future if the government decides to take a more definitive stance on the matter. For now, it appears that buying and selling cryptocurrencies in Kuwait is legal. And eToro is properly regulated and licensed to sell cryptocurrencies in Kuwait.

How to Buy Bitcoin in Kuwait

In this method, we show investors how to buy Bitcoin in Kuwait through the eToro exchange. Follow the below steps to securely buy cryptocurrencies in Kuwait.

  1. Sign Up: Open an account on eToro and verify your identity.
  2. Deposit Funds: Pick a method and fund your eToro account.
  3. Buy Bitcoin: Type Bitcoin in the search bar and click 'Trade'.
How to Buy Bitcoin in Kuwait.
How to Buy Bitcoin in Kuwait.

Is it expensive to purchase cryptocurrencies?

This depends on what exchange you use to buy cryptocurrencies. Every cryptocurrency investing platform has different pricing and some exchange charge multiple fee types including deposit, trading, FX, admin, account and withdrawal. eToro however, only charges one fee and that is a 1% trading fee any time you buy or sell cryptocurrencies. Deposits are free and there is a small $5 withdrawal fee.

eToro Fees Schedule.
eToro Fees Schedule.

What methods can I buy crypto with in Kuwait?

The eToro platform offers multiple deposit methods for Kuwait residents and they are all free of charge. This means if you send $100 from your bank account to eToro, you will receive the entire total of $100 on the other end, with no fees. The available deposit methods are Bank Transfer, Rapid Transfer, Credit/Debit Card, PayPal, Skrill & Neteller.

Dylan Matthews

I am the Founder & CEO of Buy Bitcoin Bank and was previously an engineer for a Prop trading firm in Crypto.

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