11 Exchanges to Buy Bitcoin in Saudi Arabia (2020)

11 Exchanges to Buy Bitcoin in Saudi Arabia (2020)

We may receive advertising compensation when you click certain products. Before jumping into this page, an important disclosure.

You’ll need a Bitcoin wallet before you buy since some exchanges require one.

Don’t have a wallet? Read our guide on the best Bitcoin & cryptocurrency wallets.

Coinmama allows customers in almost every country to buy bitcoin with a credit or debit card. They charge a 4.9%-5.9% (depends on volume) fee on each purchase.

Customers in Europe can also purchase bitcoins with SEPA transfer for a lower fee.

Want to buy using Coinmama? This step-by-step guide will show you how to use Coinmama.

We may receive compensation when you use Coinmama. Please visit Coinmama for its exact pricing terms.

Pros

  • Works in almost all countries
  • Highest limits for buying bitcoins with a credit card
  • Reliable and trusted broker

Cons

  • Some of the highest fees among credit/debit card bitcoin brokers

Ease of Use

Easy

Privacy

Low

Speed

Fast

Fees

Average

Reputation

Trusted

Limits

High

Buy Bitcoin Read Review

LocalBitcoins is an escrow service which also helps to match bitcoin buyers and sellers. The most common method of payment for purchase is cash deposit. However, users may advertise trades for whichever payment method they prefer.

Buying bitcoins via an in-person meeting, secured and facilitated by LocalBitcoins, may be one of the fastest and most private ways to buy bitcoins in any country.

We may receive compensation when you use LocalBitcoins. Please visit LocalBitcoins for its exact pricing terms.

Pros

  • Can be private, fast and easy
  • In-person trades require no personal information
  • Purchases of bitcoin can be made quickly via cash deposit

Cons

  • Beware of scams; always follow the rules!
  • Harder to buy large amounts of bitcoins compared to large exchanges
  • Slightly to significantly higher prices than regular exchanges; premium for higher privacy

Ease of Use

Hard

Privacy

High

Speed

Fast

Fees

Low

Reputation

Trusted

Limits

Average

Buy Bitcoin Read Review

Founded mid-2011, Kraken is the one of the world’s largest cryptocurrency exchanges, and the largest in Europe based on daily average trading volume. It is available in almost all countries. Deposits can be made via bank wire, SEPA, ACH and SWIFT.

Pros

  • Very low 0.25% taker fee, falling to 0.1% with sufficient trading volume
  • Very low maker fee, falling to 0% with sufficient trading volume
  • Highly-rated for security and data protection

Cons

  • Requires ID verification, so not private

Ease of Use

Hard

Privacy

Low

Speed

Average

Fees

Low

Reputation

Trusted

Limits

High

Buy Bitcoin Read Review

BitOasis is a Bitcoin platform serving the Middle East. Customers can buy bitcoin via bank transfer or cash deposit in the United Arab Emirates, Saudi Arabia, Oman, Qatar, Kuwait, and Bahrain. UAE clients may also deposit funds via exchange houses.

Pros

  • One of the best way to buy bitcoins in the countries it services
  • Multi-sig security measures
  • Low 0.5% flat fee on all orders
  • Verification not required for amounts below $500 per week

Cons

  • Above $500 per week limit, not private since identity verification is required

Ease of Use

Hard

Privacy

Low

Speed

Average

Fees

Low

Reputation

Trusted

Limits

High

Buy Bitcoin

You can use our Bitcoin ATM map to buy bitcoins with cash. Bitcoin ATMs can be a quick and easy way to buy bitcoins and they’re also private. That convenience and privacy, however, comes with a price; most ATMs have fees of 5-10%.

Pros

  • Our map makes it super easy to find a Bitcoin ATM near you

Cons

  • Bitcoin ATMs often have 5-10% fees per purchase

Buy Bitcoin

Mycelium Local Trader helps you find local Bitcoin sellers. Once you locate a seller, you meet up in-person and conduct the trade. Mycelium charges absolutely no fees. While Mycelium Local Trader works great in highly-populated areas, users in low population areas will have trouble finding sellers.

Pros

  • Easy and cheap way to buy bitcoins with cash
  • Private way to buy bitcoins, no personal information required beyond cellphone number

Cons

  • Users in sparsely populated areas will have trouble finding sellers

Ease of Use

Average

Privacy

High

Speed

Fast

Fees

Low

Reputation

Trusted

Limits

High

Buy Bitcoin

Source: www.buybitcoinworldwide.com


Cryptocurrency Exchange | Latest News on Best Crypto Exchange

Cryptocurrency Exchange | Latest News on Best Crypto Exchange

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Source: www.namecoinnews.com

Author: by Vivaan Shah


UN Experts Want to Blacklist 14 Ships Over NKorea Sanctions

UN Experts Want to Blacklist 14 Ships Over NKorea Sanctions

  • April 19, 2020Updated 7:54 a.m. ET

UNITED NATIONS — U.N. experts have recommended blacklisting 14 vessels for violating sanctions against North Korea in a report that accuses the country of increasing illegal coal exports, imports of petroleum products and continuing with cyber attacks on financial institutions and cryptocurrency exchanges to gain illicit revenue.

The 267-page report, obtained Saturday by The Associated Press, also accused North Korea of importing luxury vehicles, watches and liquor and other sanctioned items including robotic machinery, and continuing to illegally access international banking channels “mainly by using third party intermediaries.”

The U.N. Security Council has imposed increasingly tough sanctions against the Democratic People’s Republic of Korea, the country’s official name, including banning most of its exports and severely limiting is imports, to pressure Pyongyang to abandon its nuclear and ballistic missile programs.

The full report by the panel of experts monitoring the sanctions provides more details to the summary and some excerpts reported by AP in February. It includes photos of ballistic missile launchers, nuclear sites and vessels recommended for blacklisting.

The panel made 39 recommendations to the Security Council, including on the blacklisting of 14 vessels.

It said one vessel is registered in Sierra Leone and six were previously registered in the West African nation. Two are North Korean, one is Chinese, one Vietnamese, one was formerly registered in Togo, one was formerly registered in St. Kitts and Nevis, and the flag of one is unknown.

China has been neighboring North Korea’s largest trading partner and has been considered critical to enforcing U.N. sanctions.

The panel said the Chinese-flagged Yun Hong 8 — which it recommended for sanctions — made at least 10 port calls between February and October 2019 at the North Korean port of Nampo and delivered refined petroleum. It was also observed during that period receiving refined petroleum from other foreign-flagged vessels, which an unidentified U.N. member state said was likely for delivery to the DPRK, the experts said.

China responded to the panel’s inquiry about the vessel by questioning “the serious lack of accuracy of the relevant information,” the report said.

China’s Foreign Ministry and U.N. ambassador have said the country is implementing the sanctions.

A photo in the report provided by an unnamed U.N. member state shows multiple coal-laden DPRK-flagged vessels at anchor near Lianyungang, China, which the panel said is being used to conduct ship-to-ship coal transfers. The panel said it is investigating a Vietnam-flagged vessel, the Phuong Linh 269, suspected of delivering coal originating in North Korea to the Chinese port of Qisha on multiple occasions.

Despite a U.N. ban, the panel said North Korea’s coal exports increased in 2019. It cited an unnamed member state saying the DPRK exported 3.7 million tons of coal between January and August 2019, with an estimated value of $370 million.

The Security Council also banned the export of earth and stone, which includes sand.

The panel said an unidentified member state reported that a substantial sand-export operation from the DPRK to China has been carried out since May 2019 with over 100 illicit shipments involving at least 1 million tons of sand worth at least $22 million.

“China responded that it attached great importance to the clues provided by the panel in relation to the smuggling of sand originating in the Democratic People’s Republic of Korea,” but was unable to confirm that the sand had been transported to Chinese ports, the report said.

As for the import of refined petroleum products, which is limited 500,000 barrels annually, the panel said the addition of larger foreign-flagged tankers delivering to the DPRK has expanded its illicit imports. It said an unidentified member state calculated that in the first 10 months of 2019, “foreign-flagged tankers alone had made a total of 64 deliveries, amounting to between 560,000 and 1.531 million barrels of refined petroleum products.”

The panel said North Korea has also continued to transfer fishing rights in violation of sanctions, which earned the country $120 million in 2018, according to an unnamed member state.

Under a 2017 sanctions resolution, all DPRK nationals working overseas were to be repatriated by Dec. 22, 2019.

In China, Russia and elsewhere, there is strong demand for cheap North Korean workers. The U.S. State Department previously estimated there were about 100,000 North Korean workers worldwide, and civilian experts said those workers brought the DPRK an estimated $200 million to $500 million in revenue a year.

The report said “in multiple cases, workers were not repatriated to the Democratic People’s Republic of Korea but moved to a third country.”

The panel said an unnamed member state alleged that 2,000 North Koreans “recently entered China on visitor visas for the purpose of earning income.” In response to its inquiry, the panel said China replied that it could not verify the allegation.

On individual cases, the experts said North Korean soccer player Han Kwang Song, who joined the youth wing of Italy’s Juventus Football Club in 2019, joined the Qatari team al-Duhail in January, and Choe Son Hyok has been playing for Italy’s Societa Sportiva Arezzo since 2018. Austria reported that it had initiated procedures to revoke the work permit of Pak Kwang Ryong, who has played for Sportklub Niederösterreich St. Pölten since 2017.

As for cyber attacks, the panel said North Korea is becoming “increasingly sophisticated” in targeting both financial institutions and cryptocurrency exchanges, which deal in virtual money like bitcoin, Ethereum and Ripple.

Last August, the panel said North Korean cyber experts illegally raised money for the country’s weapons of mass destruction programs “with total proceeds to date estimated at up to $2 billion.”

In the new report, the panel cited a U.S. court document in which Virgil Griffith, an American who spoke at an April 2019 “cryptocurrency conference” in Pyongyang, said organizers told him that “during his presentation, (he) should stress the potential money laundering and sanction evasion applications of cryptocurrency and blockchain technology.”

Source: www.nytimes.com

Author: The Associated Press


11 Exchanges to Buy Bitcoin in Saudi Arabia (2020)

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