A Step-by-Step-Guide on how to buy Bitcoin in Timor-Leste
Make a Coinmama account
Use the following link and signup at Coinmama.
Provide an email address, pick out a username, and use a secure, strong password.
The infrastructure and webpage of Coinmama is secure and fast, so you're personal info is kept safe.
Verification of your identity
In order to buy (BTC) Bitcoin with fiat currencies, like EUR or USD, you will need to provide your phone number, name, country and date of birth as well as extra support documents which verify your personal identity.
Those supporting documents are a valid ID, like Passport, Drivers license or National identity card (front + back) and sometimes also Proof of Residence Document like Bank statement, Insurance statement, Residence certificate or Tax document.
The reason for this strict verification is to avert identity fraud or theft.
Go ahead purchasing BTC by depositing fiat currencies, like USD or EUR
Staking your account with EUR or USD for trading can be done in a number of ways, which includes SEPA, SWIFT and domestic wire transfers or creditcard.
The variant you choose will be based on your location and preference.
Once your fiat currency hits your account, that amount will be converted to Bitcoin.
Alongside your account you will as well have access to charting tools, 24-hour global client support, leveraged trading and advanced order types.
For recieving Bitcoin you will also need to have a wallet.
Kudos! You've successfully purchased and safed Bitcoin in Timor-Leste.
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