In Cambodia, there are a variety of options for purchasing bitcoin. The majority of these techniques necessitate a face-to-face meeting with the seller and the exchange of cash. Money transfer providers like Wing and Truemoney are accepted by some local exchanges. CryptoAsia has developed a list of trustworthy options (below), each with a brief description.
1. Local Bitcoins
Localbitcoins.com is a website that connects bitcoin buyers and sellers all over the world. The organization, which is based in Finland, has been in existence since 2012 and has a well-deserved reputation for dependability.
In general, bitcoin users should store their funds on a device that they control directly, with their private keys backed up to an external storage device. Users’ access to third-party wallets has been revoked or hacked in the past. Local Bitcoins, on the other hand, provides one of the most secure online wallets available. And, among online exchange providers, their escrow system may be the best.
It is simple and quick to open an account. Browse the Cambodian listings and make a trade with a local exchanger. The escrow mechanism ensures that he has bitcoins to sell, and the chat component makes it easy to discuss details with the counter-party. Before entering into a deal, study the trader feedback, and when the trade is completed, leave feedback about your experience.
2. Local Cryptos
Localcryptos.com, originally known as localethereum.com, is gaining traction as an efficient way to buy and sell bitcoin. Local Ethereum was a burgeoning Ethereum trading platform. They’ve evolved as a company and changed their business model. The Local Cryptos platform, which has a new name, now allows users to trade a wide range of digital currencies.
3. Buy Bitcoin at Coin Cafe & Bar
Coin Cafe & Bar is Cambodia’s first and only bitcoin-accepting restaurant. Bring your phone and your appetite, then send your money to their bitcoin address. In Cambodia, Coin Cafe & Bar is a nice place to sell and purchase Bitcoin. If you wish to make a transaction, contact them first via phone or email.
4. Online International Exchange
Opening an account with an international digital currency exchange is the most secure way to sell or purchase bitcoin in Cambodia. Outside of Cambodia, there are numerous legitimate Internet exchanges. Unlike the peer-to-peer methods mentioned above, these exchanges will demand government-issued identity and, most likely, a bank account to finance an account.