A Step-by-Step-Guide on how to buy Bitcoin in Faroe Islands
Make a Coinmama account
Use the following link and create an account at Coinmama.
Supply an email address, take a username, and select a secure, strong password.
The infrastructure and webpage of Coinmama is fast and secure, so you're personal info is kept safe.
Verification of your identity
In order to buy Bitcoin with fiat currencies, like USD or EUR, you have to provide your country, date of birth, name and phone number as well as 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.
Such an verfication of identity is there to prevent identity fraud or theft.
Go ahead purchasing BTC by depositing fiat currencies, like USD or EUR
Funding your account with EUR or USD for swaping can be done in a number of ways, including domestic wire transfers, SWIFT and SEPA and creditcard.
The variant you choose will be based on your location and preference.
As soon as your fiat currency strikes your account, that amount will be converted to Bitcoin.
Alongside your account you will also have access to charting tools, 24-hour global client support, leveraged trading and advanced order types.
For buying Bitcoin you'll also need to have a wallet.
Congrats! You've successfully purchased and stored Bitcoin in Faroe Islands.