How to Buy Bitcoin in Somalia

We found 3 trusted online cryptocurrency exchanges operating in Somalia including Kraken, OkCoin, and Changelly.

Somalia Flag
Alon Shvartsman
Last updated: October 19, 2021
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Most Popular Bitcoin Exchanges in Somalia

Popular

Kraken is the most popular Bitcoin exchange in Somalia with 6,000,000 users

Visit Kraken

User-friendly

OkCoin allows buying and selling Bitcoin with 2 forms of payment

Visit OkCoin

All Around

Changelly accepts users and payments from 179 countries

Visit Changelly
Kraken

Ease of Use

Easy

Fees

Average

Verification

2-3 Days

Reputation

Trusted

With millions of active users, an international market, and strategic investors on board, Kraken, joins Coinbase and Binance to become the big three cryptocurrency exchanges in the global market.

OkCoin

Ease of Use

Hard

Fees

Average

Verification

1-2 Days

Reputation

Trusted

OKCoin is a Chinese-based exchange that was founded in 2013 and is currently one of the more dominant platforms for Bitcoin trading.

Changelly

Ease of Use

Easy

Fees

Average

Verification

1 Day

Reputation

Trusted

Changelly allows one to exchange one cryptocurrency for another and also buy using a bank card.

Frequently Asked Questions

There are 3 trusted exchanges operating in Somalia with the most popular being Kraken, OkCoin, and Changelly.

You can review each of these exchanges and find best exchange that works for you. Bitrawr ranks exchanges in Somalia based on fees, users, and security while giving placement preference to exchanges located in Somalia or specifically catering to users in Somalia.

Yes, you can buy bitcoin safely and anonymously by using P2P (Peer to peer) exchanges like Bisq, Paxful, LocalSwap and LocalBitcoins.

Yes, popular Bitcoin futures exchanges like Bitmex, Deribit, and FTX enable users to long or short BTC with up to 100x leverage.

Most of the exchanges operating in Somalia have debit/credit card payment options available. Remember that this requires completing KYC.

No! For complete custody of your Bitcoin or other cryptocurrencies it is recommended to store them in a hardware wallet as it keeps private keys safe and entirely offline.

Bitcoin ATMs are an excellent way to buy bitcoin using cash and offer little to no requirements for KYC. ATMs are commonly located inside of convenience stores, shops, restaurants, malls or airports. Find one near you using our ATM map.

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