Page Summary
Bitcoin is the biggest cryptocurrency globally by market capitalization. It’s available to buy in Oman legally, with its popularity increasing dramatically.
Using a regulated and reputable online broker with low fees is your best bet if you want to buy Bitcoin in Oman. This article discusses a step-by-step process for safely buying Bitcoin in Oman within minutes.
List Of The Best Exchanges To Buy Bitcoin in Oman:
- eToro – Best overall broker
- Alvexo – Best for short therm traders
- Capital.com – Trading without any commission
| RANK | BROKER | GENERAL | PLATFORM SCORE | BEST FOR | WEBSITE |
|---|---|---|---|---|---|
| #1 | eToro | Excellent social trading features | 4,9/5 | Best overall broker | Official website |
| #2 | Alvexo | Trade multiple cryptocurrencies without taking their ownership | 0,0/5 | Best for short term traders | Official website |
| #3 | Capital.com | No withdrawal or deposit fee and offers tight spreads | 4,8/5 | You can trade without paying any commission | Official website |
Best Exchanges To Buy Bitcoin in Oman in Overview:
1. eToro – Best Broker To Buy Bitcoin in Oman
Min Deposit: $200
Fees: 4.8
Assets available: 4.8
Total Fees:
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. eToro AUS Capital Ltd ACN 612 791 803 AFSL 491139. OTC Derivatives are speculative and leveraged. Not suitable for all investors. Capital at risk. See PDS and TMD
If you’re looking for a simple and cost-effective way to buy Bitcoin in Oman, there is no better option than eToro. You can open your account on this online brokerage within minutes, and the platform requires only $200 as the minimum deposit.
The minimum purchase requirement of Bitcoin at eToro is just $10. It doesn’t charge a deposit fee, which means you can use 100% of your deposited funds to buy Bitcoin. But when you trade digital currencies on eToro, you’ll need to pay the spread, which starts from 0.75%.
It supports more than 40 cryptocurrencies. It means you can buy tokens other than Bitcoin like Litecoin, Dogecoin, XRP, and Ethereum as well. The eToro team manages baskets of cryptocurrencies, and you can invest in them to diversify your portfolio. The platform also allows you to perform copy-trading that starts with a minimum investment of $200.
2. Alvexo – Best Broker for Short-Term Traders
Regulated CDF (Contract for Difference) online brokers such as Alvexo will suit you better to trade Bitcoin in Oman if you consider yourself a short-term trader. On this platform, you can trade multiple cryptocurrencies, including Bitcoin, without taking their ownership. Alvexo allows you to trade Bitcoin in Oman against Litecoin, Ethereum, euro, and the US dollar.
You can apply leverage to your order on Alvexo while trading Bitcoin CFDs. The platform also allows you to use a sell order to enter the market. It means you can set a least specific price at which the system will automatically sell your Bitcoin to avoid loss.
This CFD broker provides you with access to CFDs in the form of Forex, commodities, indices, and stocks.
3. Capital.com – Broker With High Safety Measures
Min Deposit: $20
Fees: 4.8
Assets available: 4.7
Total Fees:
Capital.com is another reputable CFD broker regulated by ASIC, NBRB, CySEC, and FCA. It means you can safely use this platform to trade Bitcoin CFDs. The best feature of this platform is that it allows you to trade all the supported markets without paying any commission.
Capital.com also doesn’t charge a withdrawal and deposit fee and offers tight spreads. The minimum deposit requirement is only $20 if you use an e-wallet or debit/credit card to deposit funds. On the other hand, you’ll need to comply with the minimum deposit requirement of $250 if you use bank wires to transfer money.
You can choose to enter the desired market using both buy and sell orders to trade Bitcoin on Capital.com with leverage. To trade Bitcoin on the move and maintain your account in real-time, you can use the Android or iOS app of Capital.com.
How to Buy Bitcoin in Oman – Quick Steps
You can use the following quick steps to buy Bitcoin in Oman through eToro.
Step 1: Open Your Account
First, you need to open your trading account at eToro by providing your personal details such as full name, phone number, email address, and proof of identity. eToro is an online broker that offers exchange and brokerage services.
Step 2: Deposit Money
After opening and verifying your account, you need to add $200 to your account to fulfill the minimum deposit criteria of the broker. You can use bank transfer, debit card, and credit card transfer options to add funds.
Step 3: Search and Buy Bitcoin
Once you have added funds to your account, you need to write “BTC” in the search bar, and Bitcoin will appear along with the “Trade” button.
Click on that, enter the desired amount, and complete your order by selecting the “Open Trade” button. On eToro, the minimum amount of Bitcoin you can purchase is only $10.
Step 4: Store Bitcoin
We recommend you store your Bitcoin in a crypto wallet. Not only will it provide you with full control over your coins, but it’ll also ensure security.
If you’re a beginner and have never bought Bitcoin in Oman, read the following information to know about the process in detail.
Where to Buy Bitcoin in Oman?
You’ll need to choose an online broker like eToro to buy Bitcoin in Oman by creating your trader account. There are many options that you can use to buy it, and the best ones are discussed in the following section.
eToro – An Overall Best Way to Buy Bitcoin in Oman
If you’re looking for a simple and cost-effective way to buy Bitcoin in Oman, there is no better option than eToro. You can open your account on this online brokerage within minutes, and the platform requires only $200 as the minimum deposit.
eToro accepts the following payment methods:
- Credit/debit cards
- e-wallets like PayPal
- Online banking
The minimum purchase requirement of Bitcoin at eToro is just $10. It doesn’t charge a deposit fee, which means you can use 100% of your deposited funds to buy Bitcoin. But when you trade digital currencies on eToro, you’ll need to pay the spread, which starts from 0.75%.
It supports more than 40 cryptocurrencies. It means you can buy tokens other than Bitcoin like Litecoin, Dogecoin, XRP, and Ethereum as well. The eToro team manages baskets of cryptocurrencies, and you can invest in them to diversify your portfolio. The platform also allows you to perform copy-trading that starts with a minimum investment of $200.
Alvexo – A CFD Broker to Trade Bitcoin in Oman
Regulated CDF (Contract for Difference) online brokers such as Alvexo will suit you better to trade Bitcoin in Oman if you consider yourself a short-term trader.
On this platform, you can trade multiple cryptocurrencies, including Bitcoin, without taking their ownership. Alvexo allows you to trade Bitcoin in Oman against Litecoin, Ethereum, euro, and the US dollar.
You can apply leverage to your order on Alvexo while trading Bitcoin CFDs. The platform also allows you to use a sell order to enter the market. It means you can set a least specific price at which the system will automatically sell your Bitcoin to avoid loss.
This CFD broker provides you with access to CFDs in the form of Forex, commodities, indices, and stocks.
Capital.com – CFD Brokerage with Leveraged Bitcoin Markets
Capital.com is another reputable CFD broker regulated by ASIC, NBRB, CySEC, and FCA. It means you can safely use this platform to trade Bitcoin CFDs. The best feature of this platform is that it allows you to trade all the supported markets without paying any commission.
Capital.com also doesn’t charge a withdrawal and deposit fee and offers tight spreads. The minimum deposit requirement is only $20 if you use an e-wallet or debit/credit card to deposit funds. On the other hand, you’ll need to comply with the minimum deposit requirement of $250 if you use bank wires to transfer money.
You can choose to enter the desired market using both buy and sell orders to trade Bitcoin on Capital.com with leverage. To trade Bitcoin on the move and maintain your account in real-time, you can use the Android or iOS app of Capital.com.
Different Ways of Buying Bitcoin in Oman
There are multiple ways you can use to Buy Bitcoin in Oman, and each method has its own fees and processing times. The following section discusses the best payment methods to buy Bitcoin in Oman.
Buy Bitcoin with PayPal
Using PayPal is a great option to buy Bitcoin in Oman. Not only is it fast, but it also adds an extra layer of security to your Bitcoin purchases. The process of buying Bitcoin in Oman with PayPal is similar to buying Bitcoin in Kuwait.
Again, eToro is the best online broker to buy Bitcoin in Oman using PayPal because you only need to pay a 0.5% fee. Bear in mind that you’ll need to transfer $200 to fulfill the minimum deposit requirement of eToro if you use PayPal as your payment method.
Buy Bitcoin with Credit Card
You can use debit and credit cards directly to buy Bitcoin and other cryptocurrencies from Coinbase but you’ll need to pay a commission of up to 4%. The high fee that brokers charge on debit or credit card deposits is the deal-breaker for many traders. For instance, there are online brokers that rely on third-party payment processing services such as Simplex. This platform charges up to a 10% deposit fee.
Using eToro to buy Bitcoin in Oman allows you to avoid paying high fees as it only charges 0.5% of your order’s amount.
Buy Bitcoin with Neteller Or Skrill
Using Skrill or Neteller e-wallets is another efficient way to buy Bitcoin in Oman. Not only do they charge less fee, but they also offer enhanced security to protect your transactions. Just like PayPal, these platforms process payments instantly, and you’ll need to pay only a 0.5% fee.
Buy Bitcoin with Cash
You can also buy Bitcoin in Oman with cash. You can do it using the P2P (peer to peer) method, which means you’ll need to find someone who’s selling Bitcoin locally. You’ll need to give them cash to get your Bitcoin in your crypto wallet. It requires a bit more work, but you can get the best deal.
Should I Buy Bitcoin in Oman
It’s important to consider both pros and cons of cryptocurrencies if you’re a trader and want to buy Bitcoin in Oman for the first time. The following are the key considerations that you need to take into account if you’re interested in buying Bitcoin in Oman.
Continues to Outperform the Stock Markets
The returns that the traditional stock market offers are nowhere near to be comparable with the returns that cryptocurrency offers. For example, in the last five years, the value of the NYSE Arca Tech 100 Index has increased by 150%, and the NYSE Composite has increased its value by 52%.
On the other hand, Bitcoin has increased its value by 4,200% in the same amount of time. It simply means that if you had invested only $100 in Bitcoin five years ago (in early 2017), the total worth of your portfolio would be $4,200 today.
COVID and Inflation
The stock markets plummeted by a large amount in March 2020 due to the pandemic, and there are certain stocks that have still not recovered their pre-COVID value. On top of that, inflation is at an all-time high, thanks in part to central banks’ COVID-related stimulus programs.
In comparison, Bitcoin was at $6,000 in March 2020, and the next year, it reached a whopping $68,000 value. Therefore, investing in Bitcoin is a suitable way to protect your investments against growing inflation and stagnant stock values.
Small Outlay Requirement
Another advantage of cryptocurrency is that you can buy it with a small amount of money.
If you want to buy Bitcoin in Oman, you can use eToro which allows you to buy just $10 worth of Bitcoin per trade. It also means that you can invest a small amount of money in Bitcoin to observe its volatile behavior without risking the money you can’t afford to lose.
Bitcoin Price
In January 2022, the price of Bitcoin decreased to $35,000, but currently, it’s increasing again. At the time of writing, it’s at $39,000, and it’ll resume the bull market in the current year. So, at the current time, Bitcoin is a good investment.
Market forces determine the price of Bitcoin, and there are tons of online exchanges where people trade this digital currency. The price of bitcoin increases and decreases in the same way as the price of a conventional stock fluctuates. When there are more people buying Bitcoin, its price increases and vice versa.
Just like natural gas and oil, brokers and exchanges quote and trade the price of Bitcoin in US dollars. You can use Omani Rial to deposit funds in your account, and the online broker or exchange will automatically convert your money to US dollars.
Bitcoin Price Prediction
Experts still argue that by the end of 2022, the price of Bitcoin is likely to cross the $100,000 barrier per coin.
Some also say that Bitcoin will enter a prolonged bearish trend. Since there are so many controversial views, we recommend avoiding the predictions available online against Bitcoin price and performing your own research.
How to Buy Bitcoin in Oman – Tutorial
Read the following detailed guide to learn the right way to buy Bitcoin using eToro in Oman.
Step 1: Open Your Trading Account
Open the official eToro website on your browser and go to the sign-up page. You’ll need to enter your personal information like full name, phone number, and email address, along with username and password.
Step 2: Identity Verification
To comply with the anti-money money laundering law, the broker will need proof of identity, such as a driver’s license or a copy of your passport. After the verification process, eToro will remove all the deposit restrictions from your account.
Step 3: Deposit Funds
People living in Oman will need to add at least $200 to fulfill the minimum deposit requirement of eToro. You can use multiple payment methods, including bank wire, Neteller, Skrill, PayPal, and credit/debit cards.
Step 4: Search and Buy Bitcoin
Once you have added funds to your account, you’ll need to search for Bitcoin by entering BTC in the search bar and clicking on the “Trade” button.
The system will ask you to enter the amount of Bitcoin you want to buy. You’ll need to enter $10 or more and click on the “Open Trade” button to complete your order.
Conclusion
This guide explained the importance of using a trusted and regulated broker to buy Bitcoin in Oman. Our research showed that eToro is the best online broker to buy Bitcoin online. It’s a licensed and fully regulated platform that has a minimum purchase requirement of just $10.
It’s also the cheapest online broker where you only need to cover the spread to buy Bitcoin in Oman. Keep in mind that crypto is an unregulated and highly volatile asset, which means it’s a risky investment.
FAQ
Is it legal to buy Bitcoin in Oman?
Yes, it’s legal to buy and sell Bitcoin in Oman.
Which Bitcoin wallet is best in Oman?
Not only does eToro offer a way to buy and sell Bitcoin, but it’s also a top-rated wallet to store Bitcoin. So, you won’t need to work on multiple accounts to buy and maintain your Bitcoin in Oman.
Which app can I use to buy Bitcoin in Oman?
eToro offers a smartphone app for both Android and iOS, and you can use it to buy bitcoin in Oman.
Where can I sell Bitcoin in Oman?
Not only can you buy, but you can also sell Bitcoin using eToro daily. All the Bitcoin tokens that you buy using eToro in Oman remain in your account.
How do I buy Bitcoin in Oman?
Open your account on eToro, deposit funds, search Bitcoin, enter the desired amount, and click on the “Open Trade” button to buy Bitcoin in Oman.
How to trade Bitcoin with leverage?
You can use a regulated online CFD broker like Capital.com or eToro to trade Bitcoin with leverage.
How to Invest in Bitcoin in Oman?
You can buy Bitcoin in Oman using eToro, which allows you to own your underlying tokens, unlike Capital.com, where you only have virtual contracts.
How to purchase Bitcoin in Omani Rial?
You can use eToro to deposit your Omani Rial to your account at a 0.5% fee. The platform will automatically convert your money to USD that you will be able to use to buy Bitcoin.
If you liked this article then also read:
How to buy Bitcoin in UAE and Dubai
How to buy Bitcoin in Jordan
How to buy Bitcoin in Kuwait
How to buy Bitcoin In Pakistan
How to buy Bitcoin in Saudi Arabia
How to buy Bitcoin in Israel
How to buy Bitcoin in Morocco
Disclaimer
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.