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.

Why Costa Rica became a little Bitcoin pocket

For the past 5 years we have had an App called Bitcoin Jungle that allows people with Costa Rican Sim cards to use. Its a Bitcoin wallet that runs on the Lightening Network and allows for peer to peer transfers for everyday transactions.

Where you can spend it (more places than you’d think)

Local Costa Ricans have also been educated and have jumped on the bandwagon, so now you will find dozens of restaurants, shops, vendors in farmers markets, hardware stores etc who are accepting Bitcoin.

Another big role in the ecosystem is played by Bull Bitcoin, an exchange based in Canada who has figured out how to seamlessly allow bitcoin to fiat transfers directly on the Bitcoin Jungle app that gives users the ability to use their Bitcoin to pay for anything in Costa Rica even if the vendor doesnt accept Bitcoin.

It also gives vendors who receive bitcoin to easily convert to fiat of required, which is especially handy during bear market years to mitigate volatility risks. As far as I know, there is no other place in the world that allows you to seamlessly live off sats with the simple touch of a few 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 all using bitcoin without any banks involved from 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 you yo Fintech banking services that provide credit cards, etc. They do this all while avoiding the normal strict banking laws in Costa Ricaz 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 especially are 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.