Bitcoin In Saudi Arabia Legal Or Not 2021
Table Of Content
- What Is Bitcoin?
- Bitcoin In Saudi Arab Legal Or Not?
- Bitcoin Rate In Saudi Arab
- How To Buy Bitcoin In Saudi Arab
What Is Bitcoin?
Bitcoin is a digital currency which is started in 9 January 2009 and ita founded by Satoshi Nakamoto. Bitcoin mainly use peer to peer technology and will alow you instant payment without then need of any intermediate sources Like Banks. Symbol for bitcoin is BTC and one BTC in now a days is 8300000 Pakistani Rupees. You may wonder that the starting price of Bitcoin was 0.01 which is less then $1 But now its almost about 60000$.
Bitcoin In Saudi Arabia Legal Or Not?
As we know that in today’s world every thing is digitized but when you are in saudi arab like countries then must be very careful about all things as there are some limitations. While talking about use of Bitcoin In Saudi Arab its not fully illegal but its risky. According to the center minority authorities of saudi arab
you are not allowed to trade in bitcoin and all saudi banks and exchanges are notified by SAMA to stop dealing witg Bitcoin.
Bitcoin Rate In Saudi Arabia
Now this is the most important part you must know the exact price of Bitcoin and you must keep updated your self for better trade. While writing this article today bitcoin price in saudi arab ia
201525 Saudi Riyals.
How To Buy Bitcoin In Saudi Arabia
Although dealing in bitcoin ij Saudi Arab is not allowed but still many exchanges and agents as well as many online platform and applications allow you to buy and sell bitcoin in saudi arab but before buying or selling bitcoin in saudi always be careful to deal only with official and authentic platforms.