Bitcoin /Crypto
So… can you actually live on Bitcoin in Costa Rica?
Most people don’t know that Costa Rica is one of the easiest places to live solely using Bitcoin.
Paradise has attracted some intelligent and motivated people who have created a Bitcoin ecosystem that has spread through the community and attracted many like minds.
After 2020, Costa Rica drew in a diverse international Bitcoin community, people who wanted more sovereignty and health in their daily life. Great members of this community developed the Bitcoin Jungle app www.bitcoinjungle.app, a Bitcoin wallet that runs on the Lightning Network, which allows for instant fulfillment everyday transactions.
A grassroots effort to educate the Costa Ricans has also proved very successful, creating a healthy bridge of commerce between expats and locals for everyone’s mutual benefit.
Bitcoin Jungle has since aligned with Bull Bitcoin www.bullbitcoin.com, an exchange that has allowed seamless on and offramp services from Bitcoin to fiat and back, giving ultimate flexibility to the wallet holder. This synergy of the wallet syncing with the banking system is a major factor for user friendly bitcoin. It allows any wallet holder to pay for anything in the country with Bitcoin, even if the vendor does not directly accept Bitcoin.
Here is a link to a map to see all the businesses in Costa Rica that accept Bitcoin.
There is no other place on the planet that allows you to live 100% off sats with a few simple pushes of some buttons.
What this unlocks for you
This is great for the crypto nomad or those trying to be unbanked. You can literally build your house entirely using Bitcoin, without any banks involved on your side.
One last main piece of the puzzle is that at Secret Keys we work with a firm that can convert large quantities of Bitcoin, USDT, or any other crypto to help with large property acquisitions or other investments. They can act as an escrow company, and can also onboard your Fintech banking services that provide credit cards, etc. They do this all while avoiding the normal strict banking laws in Costa Rica and at the same time its 100% legal and above board.
What about regulations and taxes in Costa Rica?
Costa Rica has no regulatory laws in place around crypto, and that is intentional. They welcome the abundance it brings and know it trickles down into the economy. There are no taxes or capital gains around crypto, and the new administration just elected has no intention to change that.
At Secret Keys, we are especially here to assist the Bitcoin/crypto community to guide you through these processes so you feel that you are in good hands and feel confident making big financial moves.
We got you covered.
