How to Buy Cryptocurrency in Bosnia and Herzegovina
Buying cryptocurrency in Bosnia and Herzegovina
Looking into it, there are no actual regulating limits regarding cryptocurrencies and their purchase and trade in Bosnia and Herzegovina. However, this information is dampened by the unfortunate fact that the Central Bank of Bosnia and Herzegovina stated that the Bosnian Mark is the only legal means of payment in the whole country. In terms of exchanges that are supported in Bosnia and Herzegovina, only one such exchange exists, and that's Coinmama, a Bitcoin exchange considered popular worldwide. The lack of Bitcoin exchanges is most likely the direct result of the lack of popularity and regulations in the country. The country's economy is currently going through a transitional period, so cryptocurrency isn't really a top priority. That being said, it's virtually impossible to buy Bitcoin privately in Bosnia and Herzegovina as the country lacks Bitcoin ATMs. Furthermore, exchanges like Coinmama demand some form of ID verification before allowing the actual trade of Bitcoin
As of 20/03/2021
Exchanges Info
These exchanges all accept customers from Bosnia and Herzegovina. While they broadly offer the same services and you can buy cryptocurrency at all of them, there can be differences in transaction fees, security, verification requirements, deposit methods and features, as shown below
Bybit
Based in Singapore and registered in the British Virgin Islands, Bybit is a P2P cryptocurrency exchange offering perpetual futures products with 100:1 leverage. Bybit can process 100k transaction per second which is a great feature for leveraged trading.
- Advanced and secure technology
- Anonymous accounts
- Attractive trading bonuses
- Very low fees
- Limited asset coverage
- No option instruments
Kraken
Kraken has a good reputation for security and protection of your funds and operates across the USA (except NY), Canada, the EU and Japan
- It can be used to trade against fiat options
- Robust security measures
- Free SEPA deposits in Europe
- Not a very beginner-friendly interface.
- No card deposit options