Best Bitcoin Sites Saudi Arabia
Bitcoin has become a favorite form of investment for many people in Saudi Arabia. Its popularity keeps growing around the world, and many investors in the Kingdom convert Saudi riyals or US dollars into Bitcoin.
The ways to convert money into Bitcoin vary; the most widely used are bank transfer or card (Visa) payment.
A question many people ask is why so many buyers go for Bitcoin in Saudi Arabia. For a lot of traders, Bitcoin has come to be seen as a kind of digital gold. Some people hold it as a longer-term investment, though its value can rise or fall over time.
Where to Buy Bitcoin in Saudi Arabia
Investors are always looking for the best sites to buy Bitcoin. Here are the main sites you can use to buy Bitcoin in Saudi Arabia:
1. cex.io
CEX.io is one of the oldest Bitcoin exchanges. It offers a trading platform and brokerage services for Bitcoin and Ethereum, along with a range of other cryptocurrencies.
CEX.io launched in 2013 in London as a Bitcoin exchange and cloud-mining provider. In January 2015 it stopped its cloud-mining operations, and today CEX.io works only as a cryptocurrency exchange. It has several features that make it a favorite for many users:
- When you deposit with a card, its commission is lower than on many other sites.
- It lets traders sell Bitcoin and withdraw through a card.
- Its Bitcoin purchase price tends to be higher than the market rate.
- You can deposit and withdraw crypto profits in Saudi Arabia through it.
- You can verify the account with an ID or passport plus proof of residence.
- It applies a high level of security: it asks you to photograph your card with a selfie next to your face to confirm the person and the account.
How to buy from the site:
Go to the site’s registration page, fill in your details, and complete the required steps to finish registering, as shown:
Once registration is complete, the account is activated. After that you can buy, sell, move to the payment details, and complete your trade.
2. paybis
This site has many features that make it one of the best places to buy Bitcoin in Saudi Arabia, most notably:
- You can buy Bitcoin through a card or through PayPal.
- Users can buy Bitcoin with a Visa card or through electronic banks.
- The site offers strong security and requires identity verification to confirm the account is genuine.
- It has a full customer-service team that is always ready to answer users’ questions and to resolve problems during registration or if any errors occur.
How to buy from the site:
On this site you register first; once the account is activated you can complete a Bitcoin purchase in 10 minutes, and the site also lets you track your purchases easily.
3. spectrocoin
If you are in Saudi Arabia and have a Visa card, you can buy Bitcoin through this site. It is among the best buying sites in the Kingdom thanks to features such as:
- You can buy Bitcoin through prepaid cards at a price fairly close to the market rate.
- The site provides security and asks you to upload a selfie with your ID or passport to verify the person.
- Registration takes no more than two days, after which you are ready to buy.
- The site takes a small commission when you complete a deposit.
How to buy from the site:
You can buy after filling in your personal details, uploading documents that confirm your identity, and completing registration. Your account is then activated, so you hold Bitcoin and can fund your account through prepaid cards.
Funding is done in an actual currency shown to you on the site, and you can then convert your balance into Bitcoin.
4. coinmama
It is one of the standout sites for trading Bitcoin in Saudi Arabia, with the following features:
- It lets you register in Arabic, which many users of Bitcoin-buying sites in Saudi Arabia prefer.
- First-level verification is quick and lets the user buy about 5000 US dollars’ worth of the currency.
- You buy Bitcoin through the site using a Visa card.
How to buy from the site:
Buying takes three stages:
Register on the site. You can register in Arabic by selecting it and filling in your details, as follows:
Activate the account. To buy from the site you must activate your account, which requires providing a lot of personal information. Once you reach the verification page, it asks you to send the information and complete the activation details.
Buy the crypto you want. Choose the currency you want to buy, then choose the amount, then press the buy button to complete the process.
5. LocalBitcoins
This is one of the best sites for quickly buying Bitcoin in Saudi Arabia. Its features include:
- One of the preferred sites, offering a high level of protection for funds.
- It lets the user pick countries and view the prices brokers offer, and buy Bitcoin in Saudi Arabia through local banks such as Al Rajhi and Al Ahli.
- The user can talk directly with the seller through a private chat.
How to buy from the site:
- The first step is registering on the site.
- Click your wallet and copy its address.
- Send any Bitcoin you own.
- Go to the sell page, look through the buy price, and choose a suitable person.
Set the amount and account details as shown below:
The overview above covers the main Bitcoin sites in Saudi Arabia that you can use to buy Bitcoin or other cryptocurrencies. Through Bitcoin you can fund your account and buy other currencies.
Read more:
- Has Bitcoin fallen? An unexplained drop in Bitcoin
- Types of electronic currencies explained
- The key differences between Forex and Bitcoin trading
Frequently Asked Questions
When should I buy Bitcoin and when should I sell?
Cryptocurrencies are most active during the work week; prices tend to slip on Monday morning and climb steadily until they ease off over the weekend. Watch stock-market trading hours, as they affect crypto trading, even though you can buy and sell crypto around the clock, seven days a week.
How do I buy currencies in Saudi Arabia?
To buy Bitcoin in Saudi Arabia, you could consider using Evest. This broker offers low trading fees and supports instant Bitcoin purchases with a debit or credit card. Follow the step-by-step guide to buy Bitcoin through the Evest app.
Where can I buy Bitcoin?
Bitcoin can be bought through services such as Coinbase, PayPal, and Robinhood.
How do I buy Bitcoin in Saudi Arabia?
How to buy Bitcoin in Saudi Arabia:
Step 1: Visit the Crypto.com website. Investors first need to download the Crypto.com app.
Step 2: Open a Crypto.com account. Before buying Bitcoin with a debit/credit card, users need to open a Crypto.com account through the app.
Step 3: Deposit funds.
Step 4: Buy Bitcoin.
Is Bitcoin legal in Saudi Arabia?
At the time of writing, there is no legislation prohibiting dealing in Bitcoin in the Kingdom of Saudi Arabia.
Disclaimer: This article is for educational purposes only and is not investment advice. Cryptocurrencies are highly volatile, and trading or holding them carries a real risk of loss. Some links on this page are affiliate links: if you open an account through them, we may earn a commission at no extra cost to you. Do your own research and only invest money you can afford to lose.
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