A Step-by-Step-Guide on how to buy Bitcoin in Bermuda
Make a Coinmama account
Use the following button and make an account at Coinmama.
Use an email address, take a username, and use a strong, secure password.
The infrastructure and webpage of Coinmama is secure and fast, so you're personal info is kept safe.
Verify your identity
In order to buy Bitcoin with fiat currencies, like USD or EUR, you’ll need to provide your phone number, name, country and date of birth alongside with extra support documents verifying your personal identity.
Those supporting documents are a valid ID, like National identity card (front + back), Passport or Drivers license and sometimes as well Proof of Residence Document like Credit card statement, Payroll statement -or- Official salary document from employer, Insurance statement, Tax document or Residence certificate.
The reason for this strict verification is to prevent identity theft or fraud.
Begin buying BTC by depositing fiat currencies, like USD or EUR
Backing your account with USD or EUR for exchanging can be done distinct ways, including domestic wire transfers, SWIFT and SEPA and creditcard.
The option you select will be based on your preference and location.
Immediately after your fiat currency hits your account, that amount will be converted to Bitcoin.
Alongside your account you’ll also have access to charting tools, advanced order types, leveraged trading and 24-hour global client support.
For recieving BTC you'll also need to have a wallet.
Congrats! You've successfully purchased and safed Bitcoin in Bermuda.
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