Bitcoin Brokers in Cuba
As of October 2021, Bitcoin is not yet regulated in Cuba. This means that there are no authorized brokers or exchanges to buy or sell Bitcoin in the country. However, despite the lack of regulation, there are still ways for Cubans to acquire Bitcoin.
Peer-to-peer marketplaces, such as LocalBitcoins, offer a way for Cubans to buy Bitcoin from other individuals without the need for a centralized authority. However, caution should be taken when using these platforms as there is a risk of fraud or scams.
Bitcoin ATMs are not yet available in Cuba. However, some neighboring countries, such as Mexico, have Bitcoin ATMs that Cubans can use.
Over-the-Counter (OTC) Trading
OTC trading involves buying Bitcoin from an individual or a brokerage outside of a formal exchange. This option is typically used by high-volume traders and institutions.
- Although Bitcoin is not yet regulated in Cuba, it is still possible to acquire the cryptocurrency through P2P marketplaces, OTC trading, and using Bitcoin ATMs in nearby countries.
- Cubans should exercise caution and do their research before engaging in any Bitcoin transaction to avoid fraud or scams.