How to Buy Bitcoin in Mongolia

A Step-by-Step-Guide on how to buy Bitcoin in Mongolia

Step 1

Sign up for a Coinmama account

Use the following button for signing up at Coinmama.

Supply an email address, pick out a username, and pick a strong, secure password.

The infrastructure and website of Coinmama is fast and secure, so you're personal info is kept safe.

Step 2

Verify your identity


In order to buy Bitcoin (BTC) with USD or EUR, you’ll need to provide your phone number, name, country and date of birth alongside with extra support documents which verify your personal identity.

Those supporting documents are a valid photo ID, like Passport, Drivers license or National identity card (front + back) and sometimes also Proof of Residence Document like Insurance statement, Residence certificate or Tax document.


The reason for this strict verification is to forbid identity theft or fraud.

Step 3

Begin buying BTC by depositing USD or EUR


Backing your account with USD or EUR for trading can be done distinct ways, including domestic wire transfers, SEPA and SWIFT and creditcard.

The option you choose will be based on your location and preference.

Immediately after your fiat currency strikes your account, that amount will be converted to BTC.

With your account you will also have access to support, charting tools and leveraged trading.

For buying Bitcoin you will also need to have a wallet.

Congratulations! You've successfully bought and stored Bitcoin in Mongolia.

That's it!

Some more instructions:

How to buy Bitcoin