How to Buy Cryptocurrency in Czech Republic

Buying cryptocurrency in Czech Republic

Buying cryptocurrency in Czech Republic The Czech Republic is considered one of the early European pioneers of sound regulation of cryptocurrencies as well as their state status. In April 2015, Miroslav Singer, the former Governor of the Czech National Bank, issued a document named �Safety of online payments and virtual currency from the Czech National Bank point of view'. The document explained that only EU laws and not state legislation regulated cryptocurrency transactions. As such, cryptocurrencies were officially accepted as a method of payment. In 2017, several amendments were added and required banks, cryptocurrency exchangers and exchanges to verify the identity of clients converting cryptocurrencies to fiat, referring to transactions equivalent to �1000. However, such rules don't apply to Czech companies accepting crypto for products or services. Cryptocurrency payments are allowed countrywide � you can rent a hotel room in Prague using Bitcoin or other digital currencies. There's even an online hardware store Alza which accepts bitcoins as a method of payment
As of 20/03/2021

Exchanges Info

These exchanges all accept customers from Czech Republic. 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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