How to Buy Cryptocurrency in Bulgaria

Buying cryptocurrency in Bulgaria

Buying cryptocurrency in Bulgaria Bulgaria is yet to define cryptocurrencies legally. Its approach to cryptocurrencies is reliant on the regulations of the European Union. So far, the Bulgarian National Revenue Agency has only managed to create laws in regards to taxation of cryptocurrencies. Mining of cryptocurrencies is also not regulated by law, which can result in increased mining as the price of cryptocurrencies goes up, and since it requires no license, mining can be done with a small budget. Cryptocurrencies are not considered to be a financial instrument within the Bulgarian law, which means that companies can create revenue without any legal hurdles. The banks have taken more drastic measures in 2017 when they shut down several accounts, taking the opposite stance on cryptocurrencies than the government. There are no new laws currently being considered for any sort of regulation of cryptocurrencies, leaving this type of currency in a void, waiting to be defined
As of 20/03/2021

Exchanges Info

These exchanges all accept customers from Bulgaria. 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

Open a Bybit Account

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.

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