How to Buy Cryptocurrency in Cayman Islands

Buying cryptocurrency in Cayman Islands

Buying cryptocurrency in Cayman IslandsThe regulatory environment for cryptocurrencies as well as blockchain technologies in the Cayman Islands seems pretty flexible, with no specific regulations on crypto. All this, paired with the facts that the Cayman Islands have the largest ICO ever recorded and that they harbor an expanding system of blockchain companies, contributed to them becoming a popular jurisdiction for blockchain related businesses and cryptocurrency funds. It is easy to assume that a more detailed form of legislation will be created some time in the future, but for now, regulators and lawmakers are hesitant to rush creating and implementing legislations before the country experiences the full benefits of blockchain technology, crypto and ICOs. After all, Bitcoin and other cryptocurrencies brought about a vast amount of wealth that's being generated, with modest individuals taken to the realms of the rich. Such turn of events will surely have an impact on the established private wealth industry
As of 20/03/2021

Exchanges Info

These exchanges all accept customers from Cayman Islands. 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 eToro Account

eToro AUS Capital Ltd ACN 612 791 803 AFSL 491139. OTC Derivatives are speculative and leveraged. Not suitable for all investors. Capital at risk. See PDS and TMD

eToro

eToro is a social trading platform that allows you to buy into cryptocurrencies, international stocks and shares and more complex financial assets. It also has an innovative Copy Trader feature where you can choose to follow other successful traders and automatically copy their trades to hopefully share in their success

Pros
  • Fully regulated financial institution
  • Trade crypto, stocks and other financial assets
  • Follow and copy the trades of expert traders
Cons
  • Fees (spreads) are high
  • Only USD as base currency
BrandBrand
CoinsCoins
SecuritySecurity
UsabilityUsability
AppApp
ServiceService

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.

Pros
  • Advanced and secure technology
  • Anonymous accounts
  • Attractive trading bonuses
  • Very low fees
Cons
  • Limited asset coverage
  • No option instruments
BrandBrand
CoinsCoins
SecuritySecurity
UsabilityUsability
AppApp
ServiceService

Kraken

Kraken has a good reputation for security and protection of your funds and operates across the USA (except NY), Canada, the EU and Japan

Pros
  • It can be used to trade against fiat options
  • Robust security measures
  • Free SEPA deposits in Europe
Cons
  • Not a very beginner-friendly interface.
  • No card deposit options
BrandBrand
CoinsCoins
SecuritySecurity
UsabilityUsability
AppApp
ServiceService