How to Buy Cryptocurrency in Greenland

Buying cryptocurrency in Greenland

Buying cryptocurrency in GreenlandLocated between the Arctic and the Atlantic oceans, the primary source of income for Greenland’s economy was fishing. Eager to rid itself of Danish influence, as Greenland is still part of the Danish Kingdom, Greenland seeks means which would help it achieve its goals. However, Greenland could become quite popular for Bitcoin mining facilities. It is possible that Bitcoin miners favor such locations because of abundant, cheap and, most importantly, unexploited green energy. The country’s plentiful hydro and geothermal power sources are able to produce way more energy than its citizens actually need. This imbalanced ratio of energy to people in Greenland doesn’t seem so shocking when we take into account how many people actually live there. Greenland is labeled as the world’s least densely inhabited region, with around 56 000 inhabitants. The country’s low temperatures also offer low temperatures that help reduce electrical costs of cooling the mining facilities.
As of 20/03/2021

Exchanges Info

These exchanges all accept customers from Greenland. 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

CoinCorner

Based in Isle of Man. Over 200,000 customers with min deposit as little as £5. Simple site for getting into Bitcoin.

Pros
  • Simple user interface
  • Autobuy feature for regular crypto saving / DCA
  • You can earn Bitcoin on your shopping with their browser extension
Cons
  • Limited range of coins
  • No e-wallet feature
  • No live chat support

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
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