Buy Bitcoin in Lebanon - 2022
Bitcoin is volatile
IT MAY LOSE A LOT OF VALUE IN A SHORT PERIOD OF TIME, SO KEEP IN MIND THAT DO NOT ALLOCATE MORE THAN YOU CAN AFFORD TO LOSE.Binance Trading Referral
if someone tells you to invest Bitcoin in a high return scheme simply block and report there is no such thing as quick gains.
Take safe measures
ask for the seller or buyer's reputation and credentials. It is always best to ask than be sorry.
Do not FOMO
Fear of Missing Out - if you see Bitcoin gaining a lot of attention and going up, take it easy, understand bitcoin first before you jump in.
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In Lebanon, we can not use our banking system to purchase bitcoin; no card works, including a Fresh USD account. You need an international account.
Therefore the most common way to buy bitcoin in Lebanon is using P2P, which is a person-to-person exchange.
Buying and selling can be through an international website such as localbitcoins.com or hodlhodl.com; you need to connect with a sell offer, initiate a transaction with the seller , send him his payment using Western Union, or send him his payment MoneyGram.
Once the seller receives payment, your bitcoins will be released, but make sure you use escrow service, ensuring your transaction's safety;
Bitcoins you are buying are frozen for the seller; he can not retrieve them unless you fail to pay or run out of the time window to pay.
Another p2p way is through local bitcoin communities such as BTC Marketplace.
Many traders are willing to exchange with you; however, you should always ask for the seller's reputation inside a group and never respond to private messages unless to a confirmed reliable trader to avoid losing or being scammed.
The majority of local sellers utilize Binance as their main way of exchange, so be ready and make sure you have your own account ready to accept transactions! Don't have one? sign up using our referral, you will be supporting us indirectly.