How to Buy Crypto in Lebanon

Cryptocurrencies are disrupting the finance sector and everyone would like to be involved and to own some Bitcoin or some Ethereum or some other coins.

To buy Crypto coins with fiat money you will need to use a Crypto exchange. To store your coins you will need a wallet. There are plenty of digital wallet apps or you can buy a physical wallet to store your coin.

If you live in Lebanon you won’t be able to find an exchange that supports transferring money from your bank account or paying with your credit card to purchase Crypto unless you have a residency outside Lebanon and a credit card issued from a bank outside Lebanon. The good news is that you can still own Crypto.

All you need is to register on Binance by creating a free account. Binance is the biggest Crypto exchange in the world and you can have inside your account multiple wallets to trade and store different types of digital coins. Click here to register for free.

Once you create your account you can search on social media for groups where people buy and sell crypto peer-to-peer. Typically you will find many members offering to buy or sell a certain amount of a crypto coin and offering a percentage as a premium. The best way is to meet in person with these guys and hand them the money after they transfer the coins to your wallet on Binance.

If you are new to trading in general and to cryptocurrencies in specific beware that you could lose all your capital because the market is highly volatile. Never invest more than you can afford to lose.

Published by

Youssef Kassab

Youssef is a Computer and Communications Engineer with 15 years of experience in the digital field.