How to Buy Cryptocurrency in Jordan
Buying cryptocurrency in Jordan
Bitcoin and other cryptocurrencies are not welcomed with open arms in Jordan. The Jordanian government has a very strict stance against Bitcoin and similar currencies in this country. The Central Bank of Jordan strictly prohibited banks, currency exchanges, and financial companies from using Bitcoin and digital currencies in their business operations. Hence, cryptocurrencies are not regulated by low and they are not considered to be digital money at all. Although cryptocurrencies in Jordan were banned entirely at one pint, the citizens can still buy and sell Bitcoin from crypto exchanges that are available in the country. There’s not much you can do with Bitcoin in Jordan, since it is not recognized as a legal currency. However, you can use it in online transactions with global services that do allow for this type of payment. The most popular cryptocurrency exchange available in Jordan is Coinbase.
As of 20/03/2021
These exchanges all accept customers from Jordan. 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
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.
- Advanced and secure technology
- Anonymous accounts
- Attractive trading bonuses
- Very low fees
- Limited asset coverage
- No option instruments
Kraken has a good reputation for security and protection of your funds and operates across the USA (except NY), Canada, the EU and Japan
- It can be used to trade against fiat options
- Robust security measures
- Free SEPA deposits in Europe
- Not a very beginner-friendly interface.
- No card deposit options