The crypto space has come a long\u00a0way.<\/p>\n
And this is especially true if I\u2019m here writing how Saudis can buy\u00a0bitcoin.<\/em><\/p>\n Pretty interesting if you\u2019d ask\u00a0me.<\/p>\n But the thing is, while in the earlier years people didn\u2019t believe in crypto; we\u2019re finally at a point where Investors have seen its unique use-case and its potential for\u00a0growth.<\/p>\n However, it\u2019s no secret that buying your first Bitcoin or cryptocurrency as a Saudi Arabian, can be quite complex; and especially for complete beginners.<\/p>\n How to buy bitcoin in Saudi Arabia with Saudi\u00a0Riyals<\/p>\n Hence, on this tutorial I\u2019ll take you through a simple step by step guide on how you to buy bitcoin with Saudi Riyals on one of the largest crypto exchange platforms\u200a\u2014\u200aBinance.<\/strong><\/a><\/p>\n Binance stands out with its simple interface and comes with diverse payment methods to meet the needs of different users across the\u00a0globe.<\/p>\n I\u2019ve been using Binance for about 2 years now. Its one of the best crypto exchange platforms out\u00a0there.<\/p>\n We\u2019ll go through how you\u2019ll setup your your Binance account to the point of how you\u2019ll buy bitcoin as a\u00a0Saudi.<\/p>\n Let\u2019s get\u00a0started\u2026<\/p>\n But first\u00a0of\u2026<\/p>\n Before we dive into the nitty gritties of how to buy bitcoin in Saudi Arabia, let\u2019s first understand the value and use-case that Bitcoin brings on\u00a0board.<\/p>\n Bitcoin typically acts as a hedge against traditional financial systems.<\/p>\n It is a solid way for investors to diversify their investments and protect assets from inflation. (This is especially true for economies that rely on fluctuating oil\u00a0prices)<\/em><\/p>\n Some benefits of Bitcoin\u00a0include:<\/p>\n Decentralization<\/strong>: Being that Bitcoin operates without a central authority, it is less prone to government control.Has a massive potential for growth: <\/strong>Although cryptocurrencies are quite volatile, Bitcoin has shown nothing but significant growth since its inception.Unlimited accessibility<\/strong>: Bitcoin is so flexible that it can be bought, sold and used anywhere across the globe therefore making it a global currency.Transactions privacy:<\/strong> Your transactions with bitcoin are more private compared to traditional payment systems. (and especially when using safe & secure crypto exchange platforms like\u00a0Binance)<\/em><\/p>\n Now, we\u2019ll get into the actual process of buying bitcoin on Binance<\/strong><\/a> for Saudi Nationals.<\/p>\n Before we get started with everything, you\u2019ll need to register a Binance<\/strong><\/a>\u00a0account.<\/p>\n The good thing is Binance is very much available in Saudi Arabia and you\u2019ll find tons of features made to buy bitcoin easy for\u00a0Saudi\u2019s.<\/p>\n Steps to Create an\u00a0Account:<\/strong><\/p>\n Visit Binance\u00a0website<\/p>\n Go to Binance.com<\/strong><\/a> (use this exclusive Binance link given by Binance to give you a 20% off on all trades & a $300 sign up bonus) <\/em>and you\u2019ll end up right on the registration page.<\/p>\n 2. Provide your details<\/strong>: Just like opening any other account, you\u2019ll need to register with your email address and setup a strong password for security purposes.<\/p>\n (It is important to use an email that you use regularly).<\/em><\/p>\n You\u2019ll be required to verify your email. Hence, Binance<\/strong><\/a> will send you a verification code to your email. Go to your email inbox and input the code in the entry on\u00a0Binance.<\/p>\n And so, you\u2019ll have activated your\u00a0account.<\/p>\n 3. Identity Verification (Know your customer): <\/strong>In order for your account to remain secure & comply with the local regulations, it is vital that you verify your identity(KYC)<\/em>.<\/p>\n Think of it as how you\u2019d open a Bank account. It is impossible to do this without using your identity documents. Same thing applies\u00a0here.<\/em><\/p>\n As a Saudi, you\u2019ll need to use a form of identification like your passport or even Iqama (Saudi residence permit).<\/p>\n See this small tutorial to guide you on completing verification. Only takes a few minutes>><\/em><\/p>\n https:\/\/medium.com\/media\/b12b4c6a525a2e46bded7142b5c20dab\/href<\/a><\/p>\n 4. 2-Factor Authentication (2FA)<\/strong>: Once done with the above steps, it is important to add a layer of security to your Binance<\/strong><\/a>\u00a0account.<\/p>\n To enable 2-FA, navigate to the top right of the Binance page on your Binance desktop, and hover on the profile\u00a0icon.<\/p>\n You\u2019ll see \u201caccount\u201d<\/em> option on the list. Click on\u00a0it.<\/p>\n Once you click on it, proceed to click on the \u201csecurity\u201d<\/em> option under account and you\u2019ll have the chance to enable 2-factor authentication.<\/p>\n When your account is secure and verified, you\u2019re pretty much ready to deposit funds and get started with\u00a0trading.<\/p>\n One of the good things about Binance<\/strong><\/a> is that it comes with a variety of payment\u00a0options.<\/p>\n As a Saudi, you have one major option for funding your Binance account; peer to peer\u00a0trading.<\/em><\/p>\n Binance\u2019s Peer-to-Peer (P2P) platform<\/strong> is an excellent way to buy Bitcoin with SAR. Its user friendly and makes the whole process\u00a0easy.<\/p>\n P2P allows you to buy Bitcoin directly from other users in Saudi Arabia using payment methods such as bank transfers<\/strong>, STC Pay<\/strong>, or cash deposits<\/strong>.<\/p>\n Steps to Buy Bitcoin via\u00a0P2P:<\/strong><\/p>\n While logged in on Binance<\/strong><\/a>, go to \u201cTrade\u201d> \u201cP2P Trading\u201d.<\/strong>Buy Bitcoin in Saudi\u00a0ArabiaOnce on the p2p page, select \u201cSAR\u201d<\/em><\/strong> <\/em>as currency, \u201cSaudi Arabia\u201d<\/em><\/strong> as region and you\u2019ll have multiple options of payment options you can\u00a0use.<\/p>\n Major ones are Al Rajhi Bank, Bank transfer, Saudi National Bank (AlAhli Bank)<\/em>, Transfers with specific bank, & STC\u00a0pay.<\/p>\n Please note, on p2p, most merchants will be selling USDT rather than BTC, so you\u2019ll need to buy USDT first and later convert it into\u00a0BTC.<\/em><\/p>\n USDT is a stable coin that\u2019s always equivalent to the value of the US\u00a0Dollar.<\/em><\/p>\n How to buy crypto in Saudi\u00a0Arabia<\/p>\n 2. Select the payment option that you\u2019re comfortable with among the various payment options and the merchants that offer your preferred payment option will\u00a0appear.<\/p>\n 3. Go through the payment limits that each merchant offers and choose the merchant that is within your\u00a0limits.<\/p>\n 4. In order, to initiate transaction you\u2019ll need to click on \u201cBuy USDT\u201d<\/em> with the merchant you\u2019ve\u00a0chosen.<\/p>\n 5. Enter the amount of Saudi Riyals you want to buy in USDT and click on \u201cBuy\u00a0USDT\u201d<\/em><\/p>\n Buy bitcoin in Saudi\u00a0Arabia<\/p>\n 6. Once you initiate the transaction, make the payment to the details provided through the payment method you chose, and the merchant should release your <\/em>USDT to your funding\u00a0wallet.<\/em><\/strong><\/p>\n (This transaction should typically take about 5\u201310\u00a0minutes)<\/em><\/p>\n Note:<\/strong> Binance P2P uses an escrow system. This means once you make payment, the USDT is locked by Binance<\/strong><\/a>, and once the merchant confirms they\u2019ve received payment, the USDT is released to your funding\u00a0wallet.<\/p>\n 7. In order to convert USDT to bitcoin<\/em>, navigate to wallets >funding wallet<\/em><\/strong> as shown\u00a0below.<\/p>\n How to buy bitcoin in Saudi\u00a0Arabia<\/p>\n 8. Then click on \u201cconvert\u201d<\/em> in the funding wallet\u00a0page.<\/p>\n Buying cryptocurrency in Saudi\u00a0Arabia<\/p>\n 9. A popup will appear that allows you to convert USDT to whichever cryptocurrency you\u2019d want. Proceed to Convert the USDT to\u00a0Bitcoin.<\/strong><\/p>\n Buy bitcoin in Saudi\u00a0Arabia<\/p>\n 10. And now the BTC will be available in your funding wallet. If you plan to actively trade, you can transfer it to the spot wallet as shown\u00a0below.<\/p>\n After purchasing your bitcoin, you have the option to leave it in your Binance wallet or transfer it to a personal\u00a0wallet.<\/p>\n If your goal is to trade Bitcoin actively, its best to leave it on Binance<\/strong><\/a> being that its a very secure crypto exchange platform.<\/p>\n However, if you just plan to hold Bitcoin long-term, consider moving to a secure hardware wallet<\/strong> like Trezor or\u00a0Ledger.<\/p>\n Its not enough to just purchase Bitcoin. As a crypto investor, you need to stay informed about the crypto\u00a0market.<\/p>\n Crypto is volatile; and hence you\u2019ll need to observe market trends and determine when to buy, sell or hold your investment.<\/p>\n On platforms like Binance, there are a couple of tools that can help to monitor your Bitcoin investment. Some of them\u00a0include:<\/p>\n Price Alerts<\/strong>: As a Binance<\/strong><\/a> user, you can set price alters that will notify you when your crypto asset hits a particular price\u00a0point.Market charts:<\/strong> Take the time to review real-time market charts to see the performance of your crypto\u00a0asset.<\/p>\n Being a Saudi, you\u2019re probably wondering if its legal to own Bitcoin in Saudi\u00a0Arabia.<\/p>\n As of the writing of this article, the Saudi Arabian Monetary Authority (SAMA) is yet to endorse or regulate cryptocurrencies.<\/p>\n Nevertheless, there aren\u2019t any laws that prohibits Saudi Nationals from buying\u00a0Bitcoin.<\/p>\n Saudi citizens have actively been trading BTC and other crypto assets on platforms like Binance<\/strong><\/a>\u00a0legally.<\/p>\n Bitcoin is a crypto asset that comes with many opportunities. However, its important to approach it with\u00a0caution.<\/p>\n Volatility<\/strong>: Bitcoin is highly volatile and prices tend to experience utmost fluctuations.Security:<\/strong> Security is pretty crucial when it comes to cryptocurrencies. Always make sure you store BTC in a secure wallet and also enable 2FA authentication.<\/p>\n Bitcoin continues to grow as a valid investment asset for Investors. If you\u2019re from Saudi Arabia, I hope this guide has helped you to buy bitcoin in simple and easy\u00a0steps.<\/p>\n And now, you\u2019re on your way to establishing a diverse investment portfolio; one crypto asset at a time. See you on the other\u00a0side.<\/p>\n Mashallah\u2026<\/em><\/strong><\/p>\n Get started with Binance>><\/em><\/strong><\/a><\/p>\n Disclaimer<\/strong>: This article is meant for educational purposes only and should not be construed as an investment advice.<\/em><\/p>\n Affiliate Disclosure: <\/em><\/strong>This blog post may contain affiliate link<\/em>s.<\/p>\n How to buy Bitcoin in Saudi Arabia in 2025(Easy steps)<\/a> was originally published in Coinmonks<\/a> on Medium, where people are continuing the conversation by highlighting and responding to this story.<\/p>","protected":false},"excerpt":{"rendered":" The crypto space has come a long\u00a0way. And this is especially true if I\u2019m here writing how Saudis can buy\u00a0bitcoin. Pretty interesting if you\u2019d ask\u00a0me. But the thing is, while in the earlier years people didn\u2019t believe in crypto; we\u2019re finally at a point where Investors have seen its unique use-case and its potential for\u00a0growth. […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-8741","post","type-post","status-publish","format-standard","hentry","category-interesting"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/8741"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8741"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/8741\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Why Buy\u00a0Bitcoin?<\/h3>\n
Step 1: Set Up a Binance\u00a0Account<\/h3>\n
Step 2: Deposit Funds into Your Binance\u00a0Account<\/h3>\n
Buy Bitcoin with P2P\u00a0Trading<\/h4>\n
Step 3: Transfer Your Bitcoin to a Secure\u00a0Wallet<\/h3>\n
Step 4: Monitoring your Bitcoin Investment<\/h3>\n
Is Buying Bitcoin Legal in Saudi\u00a0Arabia?<\/h3>\n
Things to Consider Before Buying\u00a0Bitcoin<\/h3>\n
Conclusion<\/h3>\n