- 21
- May
- 2025
In Lebanon, where the lira has devalued faster than a brakeless elevator, Bitcoin is emerging as a digital lifeline. But how does it actually work? How can you buy, sell, get paid, and cash out in dollars or lira? This is Beirut provides the essential tools to help you navigate the world of Bitcoin.
Let’s dive into the world of Bitcoin – a digital currency that is transforming global finance. Bitcoin (BTC) is much more than just a cryptocurrency: it is a decentralized currency, without a central bank or intermediaries, based on blockchain technology – a public and secure ledger. In other words, it’s money that never sleeps, doesn’t lose value during local crises, and can be sent or received in an instant. Ready to discover how to buy, use and convert Bitcoin in Lebanon?
Buying Bitcoin from Lebanon has become more accessible, “thanks to platforms like Binance P2P and Pursa. These allow purchases in Lebanese pounds (LBP) or US dollars (USD), using various payment methods: bank transfers, mobile payments, bank cards or even cash,” explains a cryptocurrency expert to This is Beirut. According to him, “these platforms act as trusted intermediaries, ensuring secure peer-to-peer transactions.”
“Pursa, in particular, offers a wide range of payment options: bank transfers, credit/debit cards, PayPal, Wise, Skrill, among others. Transactions are fast, secure, and can be done anonymously,” he adds. It’s worth noting that transaction fees vary depending on the chosen payment method, so it’s important to carefully check the exchange rates and fees before completing a transaction.
Additionally, “services like Hablax offer the possibility to purchase Binance gift cards in Bitcoin. These cards can be paid for using local payment methods, including bank cards, PayPal, or even cash. Once purchased, they can be credited directly to a Binance account, making it easy to buy Bitcoin,” the expert explains. These cards are available in various denominations, from $1 to $200, and can be sent instantly after purchase.
Binance has also partnered with Coinsmarket.lb and Marvolo to distribute physical gift cards in over 200 stores across Lebanon. They can be bought in cash and used as credit on a Binance account. A practical and flexible solution for Lebanese citizens seeking access to the world of cryptocurrencies.
An increasing number of Lebanese merchants and service providers now accept as a payment method.
To receive a payment in Bitcoin, simply share your Bitcoin address (a long string of alphanumeric characters), which functions like a digital account number.
How to Pay in Bitcoin?
Paying in Bitcoin is simple: usually, you just scan a QR code. Wallet apps like Trust Wallet or Exodus allow you to generate this QR code linked to your address. You simply scan it at the merchant’s location or send the amount via a platform like Binance or Coinbase.
How to Convert Your Bitcoins into Dollars?
Converting Bitcoin into dollars in Lebanon can be a bit more complicated due to banking restrictions, but several options exist: P2P platforms, Binance gift cards and money transfer services. Some platforms allow you to convert your crypto into dollars and transfer it abroad. The Bank of Lebanon has issued warnings about the use of cryptocurrencies, highlighting the risks associated with their volatility. However, they are not illegal in Lebanon and remain widely used by the population as an alternative in the face of the monetary crisis.
Bitcoin offers a viable alternative to traditional financial systems, especially in an uncertain economic context like Lebanon’s. Whether to buy, sell, get paid or convert to dollars, there are suitable solutions. With a bit of caution and preparation, you can navigate the world of Bitcoin with confidence.
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