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Buy Bitcoin (BTC) in Egypt with EGP with Lowest Fees
Buy Bitcoin (BTC) in Egypt with EGP with Lowest Fees
Are you an avid Bitcoin investor always on the lookout to buy more cryptocurrencies? Changelly, a globally recognized crypto exchange, is available in over 160 countries and allows you to buy Ethereum, Bitcoin, Binance Coin, Bitcoin Cash, USD Coin, and 500 more virtual currencies with local money. Best of all, it's quick, secure and has low trading fees that can't be beaten. With Changelly, you can easily add to your cryptocurrency portfolio and make trades at an affordable cost. You'll have peace of mind knowing your transactions are safe and instant. Don't miss out on this opportunity to expand your crypto horizons portfolio. Sign up for Changelly today and start trading cryptocurrency with the ultimate ease.
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How to buy Bitcoin in 5 easy steps
Set your purchase pair
Select the crypto you’d like to purchase. Next, choose the local currency you want to buy crypto with and your country of residence. Compare the best offers and choose the one that suits you most.
Provide your crypto wallet address
Enter your crypto wallet address in the required field. Double-check your unique crypto wallet address to make sure it is correct.
Verify your identity
Verify your identity with the provider you've chosen to buy crypto with. This is the best way to make sure that the payment information is only yours.
Confirm your payment
Confirm your payment and have your purchased cryptocurrency delivered to your crypto wallet in several minutes.
Welcome your crypto
As soon as the payment goes through, your coins will be credited to your wallet address.
Payment methods to buy Bitcoin
A bank transfer is a secure option to buy cryptocurrency, especially if you are thinking of purchasing large amounts of virtual currency. Keep in mind that bank transfers may take a little longer, and fees may vary.
Apple Pay and Google Pay
Apple Pay and Google Pay are the quickest ways to buy BTC with a credit or a debit card from your iOS or Android device.
Credit or Debit Card
Credit or debit card payment is one of the effortless ways to buy BTC and other cryptocurrencies in a fast and secure manner. With Changelly, you can use a Visa or a Mastercard credit card issued in your local currency.
Buy Bitcoin Without Any Hassle
Purchase your crypto with any payment method that suits you best. Start buying with as little as 30 USD or your local currency equivalent.
Why buy Bitcoin on Changelly?
We take a comprehensive security approach to ensure your crypto investments and identity are safe. We provide quick crypto purchases to more than 2.6 million users every month.
Got any questions? We've got all the answers. Changelly offers personal support to each and every user. We are here to help you 24/7 with any challenges that you might face using our services.
Get any of the 500+ supported cryptocurrencies in mere minutes with just a few clicks and at the best rates on the market.
All premium offers in one spot
We aggregate crypto offers from a variety of fiat payment providers so that you can always find the very best one.
How is the Price of Bitcoin Determined?
The Bitcoin price is determined by the market supply and demand. If there are more people buying Bitcoin than selling it, the price will increase. On the other hand, if there are more people selling Bitcoin than buying it, the price will decrease. Bitcoin’s price can also be influenced by various factors, such as government regulations, media coverage, the cost and effects of Bitcoin mining, and the general sentiment towards cryptocurrencies. Additionally, the limited total supply of Bitcoin, with only 21 million BTC in existence, can contribute to its value.
Can I Buy Less Than 1 Bitcoin?
Yes, it is possible to buy less than one Bitcoin. Bitcoin is divisible up to the eighth decimal place, which means you can purchase as little as one 100 millionth of BTC, and such a fraction is called satoshi. This divisibility makes Bitcoin accessible to a wider range of individuals, regardless of their budget or investment goals.
Where to Store Your Bitcoins?
Bitcoin wallets are storage tools used to hold and manage cryptocurrencies. They come in different types, each providing varying levels of security and convenience.
- Hardware Wallets. Such crypto wallets are physical devices that store your private keys offline, providing the highest level of security. You can access your Bitcoin by connecting your hardware wallet to a computer or mobile device. They also allow you to recover your Bitcoin using a seed phrase.
- Paper Wallets. These are physical documents that contain your private keys. They are created by printing out a QR code that represents your Bitcoin address and private key. Paper wallets are cold storage because they are not connected to the internet, providing high security but low convenience.
- Desktop Wallets. These are software programs that you download and install on your computer. Desktop wallets allow you to store your private keys on your device, giving you control over your Bitcoin. They can be considered hot storage because they are connected to the internet and vulnerable to cyber-attacks.
- Mobile Wallets. These are wallet applications that you can download on your smartphone or tablet. They enable you to access your BTC funds on the go and are convenient for everyday transactions. Many of them come with Bitcoin exchange functionality to buy cryptocurrency within the app with USD and other fiat currency. Mobile wallets can also be named hot storage because they are connected to the internet, but they offer a higher level of convenience than desktop wallets.
- Web Wallets. These are online wallets that you can access through a web browser. They store your private keys on a remote server, which means you don't have control over your Bitcoin. Web wallets are convenient for daily use, but they are hot storage and can be subjected to cyber-invasions.
Which Bitcoin Wallet Can I Use?
Some of the most popular Bitcoin wallets include Coinbase, which is a user-friendly wallet that's great for beginners, Trezor, which is a hardware wallet that offers enhanced security, and Mycelium, which is a mobile wallet that allows you to easily manage your Bitcoin on-the-go.
Other popular solutions include Blockchain info, which is a web-based wallet that's easy to use, Trust Wallet, which is a prominent mobile wallet, and Electrum, which is a desktop wallet that's known for its advanced security features. No matter which Bitcoin wallet you choose, it's vital to do your research and pick a crypto wallet that meets your specific needs and thoroughly protects your investment.
Got any questions about the BTC purchase on Changelly?
We tried to gather all the necessary information about the BTC purchase on this page. Yet, the crypto world can be darned confounded. If you still have questions, check out the FAQ page or contact our support team 24/7.
Keep your Bitcoin safe and sound
If you are searching for the best cryptocurrency wallets for your favorite coins, look no further! Whether you are a crypto pro or just starting out, these wallets might be a good option for crypto storage.
Integrating Changelly services into Trezor Wallet's exchange has been a great success for all parties, especially the users. Working with Changelly is a pleasure, thanks to their professional and courteous approach.
Changelly is the best option for users to access the most cost-savvy rates
With Changelly's stellar team, we have developed a unique system to ensure exchanges are fulfilled in the fastest possible time and with immediate customer support.
We are thrilled to partner with Changelly to provide an exceptional trading experience: anytime, anywhere - in a few simple taps!
Is It Legal To Buy Bitcoin in Egypt?
Unlike in El Salvador, which treats Bitcoin as a legal tender, in Egypt, trading cryptocurrencies is considered illegal, as the primary Islamic legislator, Dar al-Ifta, issued a religious decree classifying commercial transactions in Bitcoin as haram (prohibited under Islamic law). However, there are still many cryptocurrency enthusiasts looking for ways to buy Bitcoin (BTC) in Egypt. Many international cryptocurrency exchanges allow such people to purchase and trade digital assets after passing a Know Your Customer (KYC) process.
To buy BTC in Egypt, interested individuals can use peer-to-peer platforms, such as Paxful. They can also use international exchanges like Changelly, Coinbase, and Binance which allow KYC-compliant users to buy and sell cryptocurrencies using their Egyptian pound (EGP), United States Dollar (USD), and other national fiat currencies. Despite the legal restrictions, there are still ways to access and participate in the cryptocurrency market in Egypt. It is essential to stay informed about the latest news, developments, and regulations to ensure compliance and minimize risks.
Bitcoin (BTC) is the world's first cryptocurrency that operates through blockchain technology. This decentralized network allows for secure and transparent transactions without needing a central bank or other government authority. Bitcoin has had a tumultuous past performance, experiencing huge price fluctuations in recent months. Despite this, some investors believe that the future performance of Bitcoin is bright and will continue to rise in value. Before you invest in Bitcoin or any other digital currency asset, seek advice from a professional financial expert to enlighten you on potential risks and benefits of dealing with cryptocurrencies in your particular location.
Best Ways to Buy Bitcoin in Egypt Safely
If you're looking to buy Bitcoin in Egypt safely, it's important to explore the market and identify a reputable crypto exchange that will provide you with regulated Bitcoin trading activities. These platforms are licensed and overseen by government agencies, ensuring complainant and legal crypto trades.
Some signs of a great crypto exchange to buy Bitcoin safely in Egypt are:
Supported countries. A great crypto exchange to buy Bitcoin safely in Egypt is one that supports a wide range of countries. This indicates that the company has put in place measures to comply with regulations in different jurisdictions, giving users peace of mind when trading. Serving multiple countries denotes that the exchange has a large user base, making it more likely to be trustworthy and reputable.
Security. The cryptocurrency exchange should have strong security measures on board to protect user data and funds, such as two-factor authentication, encryption, and regular performance audits.
User-friendly interface. The trading platform should be easy to use and navigate, especially for beginners.
Multiple payment options. The exchange website should support multiple payment options, such as bank transfers, credit cards, and e-wallets.
Variety of coins. Traders should have the ability to access a wide range of crypto asset options through a platform.
Low fees. Look for a site that offers low fees for trading and withdrawals, so crypto transactions are affordable for users.
Good customer support. There must be a responsive and helpful customer support team to assist customers in case of any issues.
Compliance with regulations. The best crypto exchange should be compliant with local regulations and have proper licensing and registration.
Reputation and track record. A good reputation with the crypto community and a proven track record of providing reliable and secure services are also the distinct features of an excellent crypto exchange.
How to Buy Bitcoin with Credit and Debit Card
If you're wondering how to buy Bitcoin in Egypt with a credit or debit card, the process is fairly straightforward. You need to find a dependable cryptocurrency exchange that caters to customers from North Africa, such as Changelly, BitOasis, or Coinmama.
Once you've signed up for an account, you'll need to verify your identity with a given trading platform. This typically involves providing a government-issued ID and a proof of address. Some exchanges may also require additional verification steps, such as a selfie or video verification. Frequently, providers may also ask you to verify your email address or mobile phone number before you can start buying crypto.
Once your account is verified, you can link your credit or debit card to the website to invest in digital money. Most exchanges handle Visa, MasterCard, and other popular bank cards. You need to head to the “Buy Crypto” page on the exchange’s site, enter the amount of Bitcoin you wish to purchase, pick “Debit/Credit card” from the menu of supported payment methods, and specify how much fiat you wish to spend on the purchase. The platform will have a calculator to show you how many Bitcoins you can get for your money based on Bitcoin’s current price, and what commission you will pay for the transfer.
As you agree on the transaction terms, you can input the details of your bank card and finalize the purchase. Most exchanges will provide you with an integrated crypto storage solution to hold Bitcoin; while others may require you to set up your own external wallet. So be ready to tinker with getting one before you purchase BTC if your selected exchange does not come with an on-platform wallet.
How to Buy Bitcoin with Bank Transfer in Egypt
Secure, efficient, and affordable, wire transfers are a popular medium to buy cryptocurrency all over the world, including Egypt.
Before you can avail yourself of this opportunity, there are a few crucial things to consider. First, you'll need to find a trustworthy Bitcoin exchange platform that permits bank transfers and serves Egyptians.
Once you've found the perfect match, you'll need to create an account and complete identification checks to comply with regulatory protocols. After that, linking your bank account to the platform is a breeze, but make sure you have sufficient funds on your bank account to execute your Bitcoin purchase.
Note that some Egyptian banks may have limitations or restrictions toward transferring money across the border, for example, if you are accessing an international crypto exchange from Egypt. These restrictions could include limits on the amount of money to be transferred, specific countries or regions where bank transfers are not allowed, or additional fees associated with global transfers. Check with your Egyptian bank in advance to understand their policies and any potential limitations or fees that may impact your transfer to your crypto exchange account.
Once you've taken care of these steps, you can sit back and relax while your Bitcoin purchase is processed.
Once arrived at your wallet, Bitcoin can be used for holding, trading, or spending on your favorite goods or services – the choice is yours!
How to Buy Bitcoin with Apple Pay in Egypt
To answer how to buy Bitcoin in Egypt with Apple Pay (or Google Pay), as of now, these cashless payment systems are not available in the country. However, there are many great alternatives, including:
CIB Smart Wallet
In Egypt, numerous trading platforms and crypto exchanges welcome the convenience of the mobile payment methods mentioned above, allowing users to effortlessly engage in cryptocurrency transactions.
How to Buy Bitcoin from ATM in Egypt
If you're itching to get your hands on some Bitcoin in Egypt, there is bad news for you. Unfortunately, there are currently no Bitcoin ATMs in the country. But don't despair! If you happen to be in a region where crypto ATMs are available, the process of buying Bitcoin is pretty straightforward.
First things first, you'll need to locate a Bitcoin ATM near you, using a site like Coin ATM Radar. This can easily be done through an online search or mobile app. Once you find an installation, the next step is to create a digital wallet and decide how much Bitcoin you want to purchase.
Now comes the fun part – you get to insert cash into the machine! You can buy BTC and a host of other cryptocurrencies from a Bitcoin ATM, using fiat like USD, EUR, and other local currency, based on the machine’s type. You can even buy Bitcoin Cash, if you desire!
Once the transaction is complete, your Bitcoin will be sent to your digital wallet address. Keep in mind that Bitcoin prices can be volatile, so do your research and make informed decisions before purchasing crypto.
While it may not be the easiest process, buying Bitcoin through a cryptocurrency ATM can be a thrilling experience. Who knows, you may become a Bitcoin billionaire in no time!
How to Buy Bitcoin with PayPal
“How to buy Bitcoin in Egypt by incorporating PayPal?” is a common question among crypto enthusiasts. The e-wallet system does not currently allow Egyptians to buy digital assets right from PayPal, but there are some workarounds you may still try.
Certain crypto companies, including eToro and Paxful, may let you link your PayPal account and buy BTC. Identity verification with a crypto website is generally a prerequisite. Once approved, you can start buying BTC through the platform, using your PayPal funds.
Not many exchanges in the world will allow you to trade Bitcoin with PayPal because of the chargeback risk. PayPal's chargeback feature allows customers to dispute transactions and request a refund, which can be used fraudulently by a buyer to claim they did not receive the virtual currency they purchased. This can lead to the seller losing the funds and the cryptocurrency.
How to Buy Bitcoin with Prepaid Card
By using prepaid cards in Egypt, you can easily and securely enter the exciting world of cryptocurrency, without ever having to worry about overspending or establishing a bank account.
One popular method to buy Bitcoin in Egypt is to use a peer-to-peer (P2P) network, such as Paxful or BitPanda. These platforms allow you to find sellers who are willing to take prepaid cards as payment, and you can negotiate the terms of the transaction directly with the counterparty.
Another route to take is to use a Bitcoin exchange that accepts prepaid cards, such as Coinbase or CEXio. These cryptocurrency exchanges typically mandate you to verify your identity before you can make a purchase, so be prepared to disclose some personal details. While the options for purchasing Bitcoins with a prepaid card in Egypt may be limited, with a little patience and research, you should be able to find a method that works for you.
Prepaid cards are usually sold at retail stores, convenience stores, supermarkets, and online retailers. You can also visit the websites of well-known prepaid card providers, such as Visa or MasterCard, to find a list of retailers where you can buy such cards.
How to Buy Bitcoin with Cash in Egypt
If you do not know how to buy Bitcoin in Egypt with cash and banknotes, here are some ideas to consider:
Peer-to-peer (P2P) exchanges. Platforms like BitOasis and Coinmama connect buyers and sellers directly for a fee. You can find local sellers willing to accept cash payments and buy Bitcoin from them.
Bitcoin voucher cards. Several online marketplaces sell prepaid Bitcoin vouchers that can be purchased with cash. Once you have a voucher, you can redeem it for Bitcoin on a cryptocurrency exchange. One example of such an online marketplace is Bitit.
Social media groups. Some Facebook and Reddit groups allow people to buy and sell Bitcoin. You can find local groups that receive cash payments and arrange a meeting to complete the trade.
Bitcoin OTC markets. Some Bitcoin exchange sites (for example, Binance) offer over-the-counter (OTC) markets, which allow large-volume trades to be made without affecting the market price. You can find OTC traders who welcome cash payments and arrange a person meeting to trade cash for Bitcoins.
Bitcoin exchange providers with a cash deposit option. A handful of sites, such as Wall of Coins and BitQuick, allow you to buy a diversity of cryptocurrencies using cash deposits at various bank offices and credit unions.
Can Foreigners Buy Bitcoin in Egypt?
In Egypt, there has been much debate and confusion over whether non-residents can engage in buying, holding, and selling Bitcoin. While there is no specific law that prohibits foreigners from purchasing Bitcoin, the use of cryptocurrency is generally discouraged by the government. In fact, back in 2018, the Egyptian Grand Mufti declared that Bitcoin is not a legitimate currency and thus should be avoided. This has led to a lack of infrastructure and support for cryptocurrency in Egypt, making it difficult for foreign customers to buy and sell BTC. However, there are still ways for overseas users to purchase BTC in Egypt through P2P crypto trading platforms or by using a VPN to change your device’s IP address (e.g. to a United Kingdom one), so you can seamlessly access international Bitcoin exchange websites.
Who Accepts Bitcoin in Egypt?
Despite the growing popularity of Bitcoin across the globe, its use remains limited in Egypt due to the country's Islamic law that prohibits the use of cryptocurrencies. Local entrepreneurs and service providers may refuse to accept Bitcoin as a payment method, citing religious beliefs as the reason.
However, some international companies operating in the region have started accepting Bitcoin as a form of payment, including Microsoft, Expedia, and Shopify. These companies see the potential of Bitcoin for cross-border payments, as it allows for faster and more efficient transactions. While the adoption of Bitcoin in Egypt remains slow, there is a growing interest in digital currencies and blockchain technology, which could lead to wider acceptance over time.
How to Cash Out Bitcoin in Egypt?
Egypt may not be the first country that comes to mind when thinking about Bitcoin, but there are still plenty of opportunities to convert your digital asset into cash. Here are some methods you can consider:
Simplex. This global peer-to-peer platform allows you to trade Bitcoin for cash with other users in Egypt. You can arrange to meet up in person and exchange cash, or use online payment methods.
Online exchanges. There are several online exchanges that allow you to trade Bitcoin for Egyptian pounds, such as BitOasis and Coinmama.
Gift cards. Some online platforms, such as Gyft, eGifter, and Bitrefill, allow for selling Bitcoin for gift cards. These gift cards can be sent via traditional mail to you or delivered as electronic coupons to your email address. They can then be used at various retailers in Egypt, allowing you to indirectly withdraw your Bitcoin and buy some useful goods or services.
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