As cryptocurrency adoption grows worldwide, Saudi Arabia is gradually opening up to the digital economy. Whether you’re a resident or a visitor, spending crypto in the Kingdom is becoming more feasible than ever. In this post, we highlight the best ways and places to use your digital assets securely and confidently in Saudi Arabia.
Key Takeaways
- The Saudi Arabian Monetary Authority (SAMA) has issued warnings about the risks of cryptocurrencies but has not banned their use.
- Most businesses in Saudi Arabia do not directly accept cryptocurrency, though there are alternatives like gift cards for spending.
- The multinational auction house Sotheby’s has expanded into accepting cryptocurrency for payments during its auction in Saudi Arabia.
- While owning and trading cryptocurrency isn’t illegal, the absence of regulatory clarity leaves users vulnerable to risks like fraud and price volatility.
Read Also: Best Places to Spend Crypto in Hungary
An Overview of Spending Crypto in Saudi Arabia
Cryptocurrency may not have official recognition in Saudi Arabia, but that hasn’t stopped its growing use across various sectors. While buying, selling, and owning crypto are technically restricted, enforcement remains inconsistent, creating a gray area where small-scale transactions continue to thrive.
Additionally, the Saudi Arabian Monetary Authority (SAMA) has warned against cryptocurrency risks, yet it continues to explore blockchain applications in financial services. Institutional players like Kingdom Holding remain cautious, citing the limited adoption of crypto as a mainstream payment method.
“We support Mr. Buffett’s theory that you don’t buy with, don’t invest in, so as we cannot buy any goods with cryptocurrencies, we are currently not looking to invest in them.”
However, many Saudis are turning to digital assets for international remittances, online shopping, and even local transactions. Despite regulatory concerns, the interest in blockchain technology is undeniable.
Recent trends also suggest a shift in the region’s stance. Saudi Arabia has seen a 154% year-on-year increase in crypto transactions, reaching $47.1 billion, highlighting the demand for digital assets.
Additionally, the user penetration rate is projected to be 19.49% in 2025, reflecting the country’s steady growth of crypto adoption. Luxury markets are also warming up to crypto.
Sotheby’s, for example, hosted its first international auction in Saudi Arabia in February 2025, accepting cryptocurrency payments for all 119 items on offer.
“There is a lot of activity in the digital art and crypto world, as well as an existing base of collectors, and so this payment form is well-accepted in the region.”
As the market matures, more businesses may begin to integrate crypto payment options, offering new opportunities for users. Though limited, we have listed some of the best places to spend crypto in Saudi Arabia below.
Best Places to Spend Crypto in Saudi Arabia
| S/N | Best Places to Spend Crypto in Saudi Arabia | Category |
| 1 | Starbucks | Food and Beverage |
| 2 | Travala | Travel and Accomodation |
| 3 | Noon | Retail Store |
| 4 | Jarir Bookstore SA | Retail Store |
Starbucks
Starbucks in Saudi Arabia offers a convenient way to spend cryptocurrency through eGift cards. You can purchase Starbucks eGift cards using platforms that accept crypto, such as Bitrefill, and then use them at any Starbucks store in the Kingdom.
Travala
Travala.com is a great platform for booking accommodations in Saudi Arabia, offering everything from luxurious five-star hotels in Jeddah to affordable stays in Riyadh.
As one of the few travel websites that accept cryptocurrency, Travala allows you to book your stay using digital assets like Bitcoin, Ethereum, and more.
Noon
Noon is a popular marketplace in the Middle East where you can shop for a wide range of products, from electronics and fashion to groceries and baby items.
Although it doesn’t directly accept cryptocurrency, you can buy gift cards with crypto through platforms like Bitrefill and use them to shop on Noon.
Jarir Bookstore SA 
Jarir Bookstore is one of the best places to spend crypto in Saudi Arabia. Founded in 1974, this iconic retailer offers a wide range of products, including books, electronics, and office supplies.
You can now buy Jarir Bookstore SA gift cards using cryptocurrencies like Bitcoin, Ethereum, USDT, USDC, Solana, Binance Pay, and more.
Tools For Spending Crypto in Saudi Arabia
Source: Freepik
As cryptocurrency adoption grows in Saudi Arabia, various tools make it easier for users to spend digital assets despite regulatory restrictions. Here are some of the key options:
Crypto Wallets
For users who want to store and spend crypto, crypto wallets provide an easy way to manage digital assets. Some wallets also offer integrated payment solutions, making it easier to use crypto for transactions.
For example, UPay is a popular crypto wallet that enables seamless transactions and supports multiple cryptocurrencies. Upay also provides a user-friendly interface for managing digital assets and making purchases where crypto payments are accepted.
Bitcoin ATMs
Another tool for spending crypto in Saudi Arabia is Bitcoin ATMs. These ATMs allow users to buy or sell cryptocurrency using cash.
While they are not widespread in Saudi Arabia, there is at least one known Bitcoin ATM located in Jeddah. However, these machines often come with higher transaction fees, sometimes up to 10% or more.
Gift Cards
Many cryptocurrency users in Saudi Arabia turn to gift cards as an alternative way to spend their digital assets. Since direct crypto payments are limited, these platforms allow users to purchase vouchers for popular retailers and online marketplaces.
For instance, Bitrefill enables users to buy gift cards for platforms like Starbucks and Noon. By converting crypto into gift cards, you can shop online or make purchases at stores that wouldn’t otherwise accept digital currencies.
Tips For Spending Crypto in Saudi Arabia
Source: Freepik
Spending cryptocurrencies in Saudi Arabia can be challenging due to the country’s regulatory stance on digital assets. However, with the right approach, it is possible to use crypto for various transactions.
Here are some tips to help you navigate the process:
Leverage Gift Cards for Online Shopping
Many Saudis convert their cryptocurrency into gift cards to shop at major online retailers.
Platforms like Bitrefill offer an easy way to purchase from Starbucks, Noon.com using Bitcoin and other cryptocurrencies. This method allows you to spend crypto without direct merchant acceptance.
Stay Informed on Legal Updates
Saudi Arabia’s stance on cryptocurrencies is evolving. While there are no explicit bans, authorities continue to issue warnings. Keeping up with regulatory updates can help you make informed decisions and avoid potential pitfalls.
Use International Crypto Payment Solutions
While local businesses rarely accept crypto directly, some international platforms that ship to Saudi Arabia do. Crypto payment gateways such as CoinPayments allow transactions with retailers that support digital currencies.
Consider businesses that accept crypto through these services for purchases like electronics, clothing, and services.
Be Cautious with Converting Crypto to Cash
Since banks do not support crypto transactions, withdrawing large sums of money from P2P transactions or informal exchanges can be risky.
If you need to convert crypto to fiat, opt for reputable platforms, and avoid suspicious traders to prevent fraud or legal issues.
Related: Best Places to Spend Crypto in Thailand
Challenges of Spending Crypto in Saudi Arabia
Source: Freepik
The challenges of spending crypto in Saudi Arabia largely stem from the country’s regulatory uncertainty and cultural factors. Here are some key obstacles:
Lack of Legal Clarity and Regulation
In Saudi Arabia, cryptocurrencies are not recognized as legal tender by the Saudi Arabian Monetary Authority (SAMA). While owning and trading cryptocurrencies is not illegal, there is no official regulatory framework to govern their use.
This means that crypto traders and users in the country are effectively operating in a legal gray area. The absence of clear rules can make it difficult for individuals to feel secure when spending crypto, as they lack legal protections should anything go wrong.
Banking Restrictions
In 2018, the Saudi government imposed restrictions on banks, prohibiting them from processing cryptocurrency-related transactions. This means that traditional banking services do not support crypto transactions. This makes it harder for individuals to easily convert crypto into fiat money for spending.
Limited Merchant Adoption
Despite the growth of cryptocurrencies globally, most Saudi Arabian businesses do not yet accept digital assets as payment. Crypto adoption remains limited primarily to online retailers, and even then, it is often through indirect methods such as gift cards or crypto-to-fiat debit cards.
Local businesses tend to avoid crypto payments due to the uncertainty surrounding regulations and the risks associated with fluctuating cryptocurrency values.
Volatility and Speculation
The volatile nature of cryptocurrencies is another challenge for users in Saudi Arabia. The value of digital assets can change rapidly, making it difficult to use crypto for everyday spending.
This volatility discourages many people from relying on it for regular transactions. Additionally, the speculative nature of cryptocurrencies leads some to view them more as investment vehicles than practical spending tools.
“I just don’t believe in this bitcoin thing. I think it’s just going to implode one day. I think this is Enron in the making”
Conclusion
Spending cryptocurrency in Saudi Arabia can be difficult, as most businesses do not directly accept crypto. However, you can still find ways to make transactions by using alternatives like P2P platforms, gift cards for platforms like Starbucks, Noon.com, and international payment gateways.
Despite the lack of clear regulations and banking restrictions, there are still ways to spend digital assets. As the adoption of cryptocurrencies continues to increase, the best places to spend crypto in Saudi Arabia may grow.
Frequently Asked Questions(FAQs)
Can I directly use cryptocurrency to pay for goods and services in Saudi Arabia?
No, most businesses in Saudi Arabia do not directly accept cryptocurrency due to regulatory uncertainty and lack of clear regulations on digital currencies.
Can I use crypto wallets like UPay to store and spend cryptocurrency in Saudi Arabia?
Yes, you can use crypto wallets like UPay to securely store and manage your cryptocurrencies in Saudi Arabia.
Are there any international retailers that accept crypto in Saudi Arabia?
Yes, while local businesses may not accept crypto, several international retailers that ship to Saudi Arabia do accept crypto payments through platforms like CoinPayments. This provides a workaround for those wanting to use their digital assets for global purchases.
