Let us find & review ”Cambodia Bitcoin Exchanges” to find a Marketplace to trade Bitcoin, by comparing a list of reputable platforms that provide Blockchain-related service in this region of South East Asia. Sign up with an active Crypto Exchange, P2P marketplace or trusted Third-party Merchant to begin trading Cryptocurrencies like Bitcoin, Ethereum & BitcoinCash using the local currency, the Cambodian Riel or US Dollar
The Cambodia authorities seem to have a more negative rather than positive stance towards Bitcoin, as the government is currently studying the possibilities of using Blockchain technology for a National-backed currency. The Central bank has shown greater interest in Cryptocurrencies as of late, that said blockchain’s future in Cambodia still remains uncertain. Enthusiasts say it’s a good sign that the national bank is trying to study blockchain technology in hopes of implementing it in the future
Cambodia Bitcoin Exchanges
The country’s first self-proclaim Bitcoin Exchange run by a reclusive operator who lives in Sihanoukville, by a group of Blockchain Enthusiasts who have established a solid reputation in Cambodia for providing a sort of P2P Merchant Exchange based platform.
As for this particular Marketplace, the focus is to provide a basic service to allow Cambodians the opportunity to quickly buy & sell Bitcoin using the de-facto currency, the US Dollar. The company has set itself a mission of establishing a basic platform for Cambodians to trade digital currencies, by creating a more established Bitcoin Market domestically leading to better price discovery without the dependency of foreign-based Exchanges
To sign up with BitcoinCambodia.com, a user would need to email customer support in order to receive an invitation link to register themselves as a Member, an option only available to local residents because the Exchange uses a third-party service payment solution provider known as ”TrueMoney-Agent” to make a deposit or withdrawal. TrueMoney is a popular (mobile) payment provider in Cambodia that enables customers, who are typically “un-banked”, to access financial services using their mobile phone or/and the TrueMoney agent network (Terminal POS).
There isn’t much information available online on BitcoinCambodia, as we consider this service unregulated and more of an effort done by a group of committed local Bitcoin Enthusiasts interested in to establish a Digital Marketplace for trading Cryptocurrencies, knowing that it’s incredibly difficult to trade Digital Currencies in Cambodia as of right now.
Go to BitcoinCambodia.com
Featured to be the 1st Bitcoin Trading platform in Cambodia and spearheaded by Mr. Ouyang Jun, the Chairman of Lockcoin who launched the Exchange on December 18, 2017 with the goal of providing a more convenient online marketplace to trade Digital currencies for not just Cambodian but also International investors
LOCKCOIN is targetting a global audience of Crypto Traders, as to create a more established Exchange with ample volume & liquidity regardless of being headquartered in Cambodia. Anyone is allowed to sign-up with this exchange if they’re interested in trading Bitcoin, Ethereum or variety of Altcoins.
This Exchange does not provide Trading pairs for the Cambodian Riel nor accepts the currency for Account Deposits/Withdrawals however, Lockcoin Exchange supports popular currencies like the United States dollar, Pound Sterling, Euro, Yen and other multi-country for top-up cash withdrawal. Lockcoin Exchange has enough liquidity in both Cash and Bitcoin and manages to attract traders to its platform to trade Bitcoin. This marketplace is similar to the majority of other Exchange that provides reliable trading charts, tools and supports a variety of Trading pairs but does not support the Cambodia Riel due to regulatory concerns
Having the first mover advantage, Lockcoin will likely remain a popular Exchange in Cambodia and may also attract international investors. It should be as safe and easy for both first-timers and seasoned enthusiasts to begin using the service to trade Bitcoin & Altcoins
Go to LockCoin.net
Localbitcoins is the world most popular Bitcoin Peer-to-peer marketplace that provides users with an alternative way to obtain and trade digital currencies within a local country. This P2P marketplace has been around for a very long time and was originally based from Finland since 2012, the goal to connect Bitcoin buyers and sellers via an open, peer-to-peer marketplace and has since become a popular service in Singapore
A platform that offers seller and buyers from around the world to meet and trade Bitcoin in countries worldwide has become the most popular Bitcoin P2P for Cambodian citizens. Anyone can find buyer/sellers of Bitcoin and directly initiate a trade request with users that are trusted based on the built-in rating system. Essentially, Localbitcoins.com provides an Escrow service that act’s as a third-party to ensure that trades are conducted fairly
Localbitcoins has developed a good reputation and established itself in a large number of countries around the world, with the site currently listing exchangers in 15582 cities across 248 countries. If you’re considering buying Bitcoin in a country like Cambodia, it’s recommended to avoid unregulated third-party marketplaces and instead use a P2P marketplace like Localbitcoins. This is the fastest method to obtain Bitcoin in Cambodia without having to go through a time-consuming KYC procedure and it’s easy to find reliable vendors buying/selling Bitcoin so do check out ”EkongKee” on Localbitcoins as he is a Blockchain enthusiast living in Kampong Chhnang. He trades under the moniker EKonkee on Local Bitcoins and his offers can be seen at bitcoincambodia.co , a website that has become popular among Cambodia Blockchain Enthusiasts, as it offers an easy way to acquire BTC quickly without the need for a bank account, credit card or much technical knowledge.
Owned by the Seychelles-based company Babylon Solutions Limited, Remitano has been around since 2016 connecting Bitcoin buyers and sellers on an open, peer-to-peer marketplace. Unlike LocalBitcoins.com, this exchange offers P2P markets for Cryptocurrencies like Bitcoin Cash & Ethereum providing more alternatives when compared to P2P Bitcoin-only Exchange Network. Remitano only requires a verified email address, allowing anyone to trade bitcoin via finding a seller on the platform without requiring additional KYC verification
By using the site users can create and list advertisements, communicate with prospective buyers and sellers and confirm all the transaction details before finalizing any trade. Similar to Localbitcoins, Remitano offers an online wallet, an escrow mechanism for making trades, and dispute resolution services.
As for now, there is plenty volume found for the liquid pair KHR/BTC on this P2P as they play an important role for the overall Bitcoin Market, because it provides an active marketplace of buyer & seller willing to trade the Cambodian Riel in exchange of a variety of Digital Currencies besides BTC. While LocalBitcoin.com is a more reputable service, Remitano has proven to be a worthy contender, as this peer-to-peer exchange has grown in popularity and earned a name for itself, especially in Cambodia & the rest of South East Asia. We at CryptoHype believe that Remitano offers the best P2P Marketplace for Cambodian residents, as Customer service and ease of usage applies makes this a go-to platform to engage in Cryptocurrency trading
Since Remitano is popular among Cambodian residents, its likely to remain one of the more active decentralized marketplaces for buyer/sellers of digital currencies such as Bitcoin, Ethereum, Bitcoin Cash & USD Tether
Paxful is a unique P2P marketplace that connects buyers and sellers in Cambodia and is known around the world to have one the most intuitive platform to trade Digital Currencies. Unlike, existing peer-to-peer marketplaces such as Localbitcoins or Remitano, Paxful was designed to be extremely user-friendly with a sleek UI design
There are so many payment options that allow anyone to buy Bitcoins with less traditional payment methods (e.g. Western Union, Skrill, Paypal & Amazon Voucher), essentially as a trader can make or accept offers that appeal most to them. Other P2P don’t offer this much flexibility as Paxful does, there are plenty of offers available so you should be able to find a trading partner by easily create an offer or browsing through available offers.
The overall process to get started with Paxful is relatively hassle-free and there is also an active marketplace of Buyers and Sellers, but what makes this P2P stand out is that someone can purchase Bitcoin through Gift Cards, Cash Deposits, Online Transfers and even Credit/Debit Card. Regardless of the fact that Paxful is based in 2015 and headquartered in US, there has been increasing number of Cambodian trader using the service resulting in plenty of offers that accept the Cambodia Riel or US dollar
Go to Paxful.com