How to Buy Cryptocurrency in Bangladesh

Buying cryptocurrency in Bangladesh

Buying cryptocurrency in Bangladesh According to the Bangladesh Central Bank, any use of cryptocurrencies in this country is considered a punishable offense. The country has fully banned the use of Bitcoin and other cryptocurrencies and they go to such extent to even hunt down Bitcoin traders and miners. Despite cryptocurrencies being a growing global trend, the country of Bangladesh seems to fight hard to avoid any involvement in this topic. In 2014, the government issued a warning to the citizens stating that anyone who's trading bitcoin can be sent to prison for up to 12 years. There are a lot of loopholes in the country's laws and regulations regarding financial assets and currencies. Some of these can even serve as an argument for the pro-Bitcoin side of the population. However, the use of cryptocurrencies still remains prohibited in this country and there are no signs of how long this could last. It would take a serious movement to push the government to consider adopting Bitcoin and other cryptocurrencies into their financial ecosystems
As of 20/03/2021

Exchanges Info

These exchanges all accept customers from Bangladesh. While they broadly offer the same services and you can buy cryptocurrency at all of them, there can be differences in transaction fees, security, verification requirements, deposit methods and features, as shown below

Open a Bybit Account

Bybit

Based in Singapore and registered in the British Virgin Islands, Bybit is a P2P cryptocurrency exchange offering perpetual futures products with 100:1 leverage. Bybit can process 100k transaction per second which is a great feature for leveraged trading.

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