Buying Bitcoin from a 3rd world country ( Algeria )

[DarkState]

You can easily buy Bitcoins through Binance's P2P trade. No credit or debit card required. You may find your local payment method. What you need to do is first open an account on Binance and then verify the KYC with all the information including the phone number. Then you can go to the P2P trading section and purchase bitcoins. P2P trading seems the easiest way to me. You can try it.

[Zlantann]

Unfortunately , my country banned Bitcoin from it ( freaking alergic to technology ) , I will try your technique tho . Thank you for it

And if you have any other advice , like finding Algerian sellers to buy Bitcoin with cash I would like that !

Just checked and most North African countries including Algeria have criminalized buying, selling, or owning cryptocurrencies. This means if the government knows about your transactions you can face penalties. Although many exchanges still operate in your country I am not comfortable with you giving out your personal information because of KYC requirements. I doubt if there is an Algerian in this forum, I might also be wrong. But P2P on a decentralized exchange would have been a good option or you can check the exchange section of the forum. You can use an escrow service to buy from a trader on the forum. We have some reputable members who offer escrow services. If you convert your local currency to USD, you might find someone who will be willing to trade with you.

[slaman29]

Use Remitano. It works in Asia and I see it accepts Algerian dinar.

Remitano requires KYC and it's fine only if you are ready with KYC.

If you dislike KYC and are not ready to submit documents for KYC, choose non KYC platforms like Noones. Noones is like a split brand from Paxful and it focuses on Global South and Algeria belongs to Africa continent.

https://noones.com/

Yeah but OP needs an option to buy in Algeria, he didn't say anything about KYC. Don't think that's his problem. BTW, all P2P except Bisq is gonna eventually go for KYC, even HodlHodl. Noones looks nice but if it doesn't have its own software, it's gonna go down KYC route some day trust me.

Anyway I suggested Remitano because I use it (also like you said for Noones focus on South), and when I checked, it had Algerian dollars listed. Noones looks like it has a lot too

[SquirrelJulietGarden]

That's a good point! though in case of paxful, KYC is mandatory and they can also pull out logs of whatever information they got from their users.

All users must process email, phone, and ID verification before they can use their wallets and start trading on our platform.

I guess they changed their kyc policy recently? IIRC, they used to have some countries with no mandatory kyc. I could be wrong though lol

I would suggest you to go with paxful Algeria where not much of active offers are available but I can see some decent trading volume so if you have bank account you can buy from them and it's going to be expensive than the market price for sure like 5-10%.

Paxful had to change after DOJ knocked their doors.

Paxful got CEO change in 2023 and some days ago, they got a suit from DOJ.

Paxful co-founder Schaback faces 5 years jail, admits AML failure

TBH, if crypto was banned in my place, I don't think I would risk it with centralized exchanges unless it's no-kyc and has end to end encryption for their chats. It depends on one's risk appetite i guess. Some places can be lax when it comes to enforcing their laws though you'd be playing with chances.

It is your possible choice now but how will it be in future?

DOJ will only expand their targets and no CEO of any platform wants to face jail by guilty of failure in AML.

[vinilyxneez]

I thought Algeria had cards, not Visa or Mastercard but I'm very sure my friend used Revolut there.

I know lots of people P2P as mentioned who accept Revolut as payment to sell BTC, I am almost 100% sure you can find someone even if you just open Binance P2P (just open random account no need KYC and just browse offers and ask).

I'm Googling now and I can find a few.

Use Remitano. It works in Asia and I see it accepts Algerian dinar.

Yes we do have a card that only work in some websites that the government made , ( we do use some techniques to open revolut accounts , or wise bank account and put money in them to then buy with it ) but the card that out government made ( DAHABIA ) we are not able to use it on websites like binance.

[vinilyxneez]

It's not a must that you make use of your credit card in getting bitcoin, there are other means through which we can have bitcoin, make use of the p2p platforms to do this, such could be an exchange or you can make engage the service of a physical bitcoin holder intending for an exchange service or get to contact some escrow service providers from from this forum who are also trusted, by this you could buy or invest.

So yesterday I checked how to buy Bitcoin using the p2p platform and yes I am able to do that ! there are some sellers on binance that will sell me ustd and I will just have to send them money with bank transfer , I will test this !

[vinilyxneez]

So I am in Algeria and I am trying to buy Bitcoin in my country

Bitcoin is for everyone but to avoid legal problems with government, you need to check legality status of Bitcoin in your country.

Some world maps for Bitcoiners with several websites for Bitcoin Legality Map.
https://newhedge.io/terminal/bitcoin/legality-map
https://coin.dance/poli/legality
https://www.atlanticcouncil.org/programs/geoeconomics-center/cryptoregulationtracker/

According to these maps, Bitcoin is Illegal in your nation so you need to be more careful with any further steps. You can use no KYC exchanges to purchase or sell bitcoin but in a country with Illegal status for Bitcoin, it's more risky than in other nations.
https://kycnot.me/

Hello ,

So joined some Algerian crypto forums they said to me you can buy USDT from binance using the p2p platform but having to be careful , not a lot of people had problems with it but we never know on who the government will strike .

[vinilyxneez]

Use Remitano. It works in Asia and I see it accepts Algerian dinar.

Remitano requires KYC and it's fine only if you are ready with KYC.

If you dislike KYC and are not ready to submit documents for KYC, choose non KYC platforms like Noones. Noones is like a split brand from Paxful and it focuses on Global South and Algeria belongs to Africa continent.

https://noones.com/

Yeah but OP needs an option to buy in Algeria, he didn't say anything about KYC. Don't think that's his problem. BTW, all P2P except Bisq is gonna eventually go for KYC, even HodlHodl. Noones looks nice but if it doesn't have its own software, it's gonna go down KYC route some day trust me.

Anyway I suggested Remitano because I use it (also like you said for Noones focus on South), and when I checked, it had Algerian dollars listed. Noones looks like it has a lot too

So maybe I did not precise it , but I want to stay anonymous because of my government , if they find out that I have Bitcoin I may face penalties because it is illegal here , so , I talked to some Algerian traders who bought USDT from Binance p2p platform then switched it to Bitcoin and did not have any problem with it , but still it is illegal and the government can pull up at any moment and I don't want to get jail time because I had some Bitcoins . I will try to find someone ready to sell me Bitcoin directly with cash and if I don't find one maybe I'll risk the p2p platform on binance because other Algerian traders did not have a problem with it

[Findingnemo]

That's a good point! though in case of paxful, KYC is mandatory and they can also pull out logs of whatever information they got from their users.

All users must process email, phone, and ID verification before they can use their wallets and start trading on our platform.

I guess they changed their kyc policy recently? IIRC, they used to have some countries with no mandatory kyc. I could be wrong though lol

I would suggest you to go with paxful Algeria where not much of active offers are available but I can see some decent trading volume so if you have bank account you can buy from them and it's going to be expensive than the market price for sure like 5-10%.

Paxful had to change after DOJ knocked their doors.

Paxful got CEO change in 2023 and some days ago, they got a suit from DOJ.

Paxful co-founder Schaback faces 5 years jail, admits AML failure


TBH, if crypto was banned in my place, I don't think I would risk it with centralized exchanges

If I am not wrong user can still buy up to 1000 Euros with email verification which is lowest possible tier on Paxful but not really sure since I got verified up to unlimited trading limit cause I trade from time to time crypto to fiat and vice versa from the ages of LBC and when they shut down I switched to Paxful.

Even though they had issues with CEO resigning and creating a copycat called Noones still I am using it with no issues at all so you don't have to worry regarding that but also I don't keep much funds left in their wallet as precautionary measure.

[Cookdata]

Hello everyone ,

So I am in Algeria and I am trying to buy Bitcoin in my country , since we don't have credit cards or debit cards ( yes we don't have that it's a 3rd world country ) I am blocked at this step .

I don't have a Credit Card or debit card so I can't buy from crypto exchanges , and most of sellers ( Instagram pages ) are scammers that don't even know what a Bitcoin is ( btw I talked to an Instagram page he was like Bitcoin is pretty expensive it's 30$ LOOOOL )

So I am trying to find Algerians who could sell me Bitcoin , or anyone who has a solution I would love it .

Thank you for reading this.

My jaw drop with your post. You mean there is not Debit card in algeria, in all of the banks available in algeria? Damnn, this is too bad. There should be alternative for sure, you can't just be like without access to debit card, that's worse than staying in the village where there is no internet.

I'm not sure if this going to work but first you should comfirm if this is going to work in your country. UBA bank is available across most of the African countries and you can send money within and outside of the country and it can go. So, if you have a person who is from Nigeria, you can check the merchant and tell them you want to use UBA to UBA transaction, a reasonable merchant will accept and if they don't, I'm available to help but first contact your bank if UBA to UBA algeria transaction will go through instantly without any delay, then we can proceed from there.

[Potato Chips]

It is your possible choice now but how will it be in future?

DOJ will only expand their targets and no CEO of any platform wants to face jail by guilty of failure in AML.

The US can crack down private exchanges as much as they want but I believe more of them will just show up over time like how haveno did when agoradesk winded down. The devs have also taken an approach to hide their identities. In addition, the heavy privacy oriented exchanges typically don't boom hence less chances to be targeted -- US typically go for the big dogs.

If I am not wrong user can still buy up to 1000 Euros with email verification which is lowest possible tier on Paxful but not really sure since I got verified up to unlimited trading limit cause I trade from time to time crypto to fiat and vice versa from the ages of LBC and when they shut down I switched to Paxful.

They must have changed it as I don't see it anymore on their help center, see: https://support.paxful.com/support/solutions/articles/150000104290-limits-and-verification

So maybe I did not precise it , but I want to stay anonymous because of my government , if they find out that I have Bitcoin I may face penalties because it is illegal here , so , I talked to some Algerian traders who bought USDT from Binance p2p platform then switched it to Bitcoin and did not have any problem with it , but still it is illegal and the government can pull up at any moment and I don't want to get jail time because I had some Bitcoins . I will try to find someone ready to sell me Bitcoin directly with cash and if I don't find one maybe I'll risk the p2p platform on binance because other Algerian traders did not have a problem with it

I saw this being suggested but any chance you have missed it? see: https://kycnot.me/?t=exchange&q=&fiat=on

I'm not sure if you locale has decent volume though. I would suggest getting a global payment method whenever you can -- you might take a hit on conversion fees though.

[slaman29]

So maybe I did not precise it , but I want to stay anonymous because of my government , if they find out that I have Bitcoin I may face penalties because it is illegal here , so , I talked to some Algerian traders who bought USDT from Binance p2p platform then switched it to Bitcoin and did not have any problem with it , but still it is illegal and the government can pull up at any moment and I don't want to get jail time because I had some Bitcoins . I will try to find someone ready to sell me Bitcoin directly with cash and if I don't find one maybe I'll risk the p2p platform on binance because other Algerian traders did not have a problem with it

Then P2P it is. And as I said in my earlier post, you can do Remitano, or Noone and @Juliet suggested but eventually all of these platforms hold your information and trust me they will go for KYC down the line. It happened to Localbitcoin it will happen to all centralized P2P.

Your only true hope is this forum or Bisq

Binance too much attention these days...

[SquirrelJulietGarden]

Your only true hope is this forum or Bisq

Bisq is big hope because that project is built up decentralized and no CEO, no centralized leadership.

https://bisq.network/dao/

Decision-making
With no CEO or central leadership team, Bisq stakeholders—traders and contributors—are the owners of Bisq.

Through social consensus (via voting) they determine Bisq's project strategy.

It will be harder for governments, DOJ to shut down, seize, sue Bisq when they don't know who is the CEO.

The forum is not created for trading or to be an exchange. There are child boards for exchanges, trading but it's not main purpose of the forum. The core purpose is a forum for discussion of ideas.

[slaman29]

Your only true hope is this forum or Bisq

Bisq is big hope because that project is built up decentralized and no CEO, no centralized leadership.

https://bisq.network/dao/

Decision-making
With no CEO or central leadership team, Bisq stakeholders—traders and contributors—are the owners of Bisq.

Through social consensus (via voting) they determine Bisq's project strategy.

It will be harder for governments, DOJ to shut down, seize, sue Bisq when they don't know who is the CEO.

The forum is not created for trading or to be an exchange. There are child boards for exchanges, trading but it's not main purpose of the forum. The core purpose is a forum for discussion of ideas.

Yup, this is why I said it's the only safe bet for now. Even all the no KYC sites that HAVE a site are in risk. Shut the server down or block the ISP and its game over.

With Bisq, it's open source. You can't shut it down unless you find all the guys running the software. Even then they can just duplicate code and start Bisq 2.0 easily.

I do disagree about forum not for trading or exchange. Bitcoin is P2P. Trading P2P is a core part of Bitcoin, I think the economy section is so important.

[Dailyscript]

Buying from people around can be risky at times because they would know the amount of Bitcoin you purchased and might even set you up to steal from you if they are that person. This is why you must do it yourself and buy from a centralized exchange. It is illegal in your country but not on these exchanges and it is good that there are no regulations or restrictions to P2P in your country right?

Always stay anonymous when dealing with Bitcoin and keep your investment out of the reach of third parties.