Bitcoins in Saudi Arabia?

[JohnD]

Hi,

does anybody know an easy way to get some bitcoins in saudi arabia?

I offer hosting services to arabic speaking people and the only way to pay for them are phonecalls with extreme fees.
Bitcoins would be perfect if they could get some...

Thanks.

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[1715238338]

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[1715238338]

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[1715238338]

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[loadrs2009]

the problem bitcoin not popular  in Arab world 

[Stephen Gornick]

does anybody know an easy way to get some bitcoins in saudi arabia?

I offer hosting services to arabic speaking people and the only way to pay for them are phonecalls with extreme fees.
Bitcoins would be perfect if they could get some...

CashU prepaid cards are sold in Saudi Arabia, and they can then be used to load funds to a CashU account when making a transfer to this Bitcoin exchange:

 - http://www.BitcoinNordic.com

Here's more info on CashU:
 - http://en.bitcoin.it/wiki/CashU

There are also individuals buying and selling:

 - http://localbitcoins.com/country/SA

[zazargane]

http://bitcoinnewsarabia.com/

[knightingale]

Do you know whether it is legal to sell bitcoins in Saudi Arabia?

[Stephen Gornick]

Do you know whether it is legal to sell bitcoins in Saudi Arabia?

Saudi Arabia has lots of "informal value transfer" network activity (e.g., Hawala) though I don't know what is considered "legal". 

Perhaps there's more info from these sources:

No fatwa has been issued against the cryptocurrency,

- http://bitcoinmagazine.com/16933/time-islamic-law-face-bitcoin-question

Here's a thread you might want to follow:

Middle East (UAE, Saudi, etc) - بتكوين في الدول العربية
 - https://bitcointalk.org/index.php?topic=345231.0

[moni3z]

https://localbitcoins.com/places/16915513/saudi-arabia/

[michael Chan]

I wondered is there any bitcoin miners in Saudi ?
I've been seeing websites being set ,

[Amph]

I wondered is there any bitcoin miners in Saudi ?
I've been seeing websites being set ,

i think not, not big farm surely, because the cost for shipping is high enough and they can't produce miners there, i doubt they have the tech to do it

[Mickeyb]

I wondered is there any bitcoin miners in Saudi ?
I've been seeing websites being set ,

Haha, funny, I have asked exactly the same question this morning in another thread. I've been wondering this. It would make sense that there is more Bitcoin mining in Saudi Arabia, since their electricity is pretty cheap over there.

[SerenaL]

search for a local bitcoin atm at coinatmradar.com

[HeroCat]

I do not think, you can solve this question easy. There are only two way in fact - through international bank transfer or bank check. In Saudi Arabia and other region countries, you can use only international bank transfer or bank check. 

[RustyNomad]

I wondered is there any bitcoin miners in Saudi ?
I've been seeing websites being set ,

Haha, funny, I have asked exactly the same question this morning in another thread. I've been wondering this. It would make sense that there is more Bitcoin mining in Saudi Arabia, since their electricity is pretty cheap over there.

Electricity may be cheap but just think of all the extra electricity required for the cooling systems that will be required. Think that will take far more electricity than that required for the miners.

[Mickeyb]

I wondered is there any bitcoin miners in Saudi ?
I've been seeing websites being set ,

Haha, funny, I have asked exactly the same question this morning in another thread. I've been wondering this. It would make sense that there is more Bitcoin mining in Saudi Arabia, since their electricity is pretty cheap over there.

Electricity may be cheap but just think of all the extra electricity required for the cooling systems that will be required. Think that will take far more electricity than that required for the miners.

Of my God, I haven't even though about this, yet it's crystal clear! It's hit as hell over there!

Thanks mate!

[michael Chan]

I just got in touch with some arabic friends , any now teaching them about bitcoin minin

[OrientA]

I just got in touch with some arabic friends , any now teaching them about bitcoin minin

Thanks for all the efforts. Hope one day, Arabic friends will sell oil for bitcoin, not just dollars. That will enrich our Arabic friends enormously. The dollar bill they get devalue day by day.

[DARKCHANGE]

As far as I can see there is a Bitcoin ATM in Eastern Saudi Arabia. This may solve your problems.

[Jayson Matthew]

Saudi Arabia is now planning to launch its own cryptocurrency in 2019!

Here is an interesting read:

In 2018, we witnessed multiple countries issuing their own cryptocurrencies. While not all rollouts are successful implementations, it has done little to discourage nations. Even though Venezuela’s Petro is a failure, it hasn’t stopped countries like Saudi Arabia to consider cryptocurrencies.

Recently, it was announced that Saudi Arabia will be launching its own cryptocurrency by mid-2019. The currency will be backed by the Saudi central bank. Even though there isn’t much time left in the rollout, the group behind this project is still inspecting the potential impact of such a currency.

Even though Bitcoin has observed extreme market volatility, it hasn’t stopped the cryptocurrency from garnering worldwide attention. Digital cash has received favorable opinions from consumers and corporations alike. Various governments and central banks have identified the market demand and are looking for ways to fulfill the same. Creating a native currency in one way to serve the market.

The currency being developed in Saudi Arabia is a venture with the United Arab Emirates. The details about this currency are extremely limited at this time. There isn’t even an official name for it until now. The Saudi Arabian Monetary Authority is investigating the feasibility of this currency. Although this can transform the financial landscape of the country, it does carry potential risks as well.

The new currency is expected to launch by mid-2019 and it is likely to be supported by a small number of banks. Saudi Arabia is looking to improve cross-border payments.

[dvdrewritable]

Wonderful bitcoin in Saudi Arabia and also heard there is ATMs machine for making bitcoin transaction really great efforts. But I have a little bit doubt is it legal currency to make the transaction there?

[Pmalek]

Bitcoin is illegal in Saudi Arabia!

Kingdom of Saudi Arabia (المملكة العربية السعودية) regulators issued a statement this week through its monetary authority. Cryptocurrencies such as bitcoin are illegal in the country. Citing “negative consequences” and “high risk,” the government believes it must protect subjects from themselves.

Source: https://news.bitcoin.com/bitcoin-illegal-saudi-arabia-monetary-authority/

Although, there are two Bitcoin ATM's in the country.
https://coinatmradar.com/country/187/bitcoin-atm-saudi-arabia/