How to Buy Cryptocurrency in Samoa

Buying cryptocurrency in Samoa

Buying cryptocurrency in Samoa In 2019, the Central Bank of Samoa reminded the country�s citizens that all promoters of cryptocurrencies who want to promote them or deliver presentations in Samoa must first receive approval from the bank. This statement is in agreement with the Money Laundering Prevention Act 2007. Cryptocurrency promoters that violate this Act could face imprisonment or a penalty fine, or both. The Central Bank of Samoa also wished to remind the citizens that any form of cryptocurrency (virtual currencies like OneCoin, Ethereum, Lite Coin, etc.) aren�t currencies regulated or issued by this bank. Furthermore, they aren�t legal tender, so they can�t be accepted as currency. The bank added that because of their volatile nature those who wish to invest in cryptocurrencies do so at their own risk. However, the Central Bank has recognized the potential of blockchain technology and FinTech, and is testing it as a financial inclusion platform in Samoa.
As of 20/03/2021

Exchanges Info

These exchanges all accept customers from Samoa. 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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