How to Buy Cryptocurrency in France
Buying cryptocurrency in France
The general opinion on cryptocurrencies in France is rather interesting. Namely, cryptocurrencies are largely unregulated. Only two ordinances consisting of provisions on blockchain technology exist. Their applicability, however, remains quite limited. On the plus side, the French government is exploring certain possibilities and is actively working on establishing an adequate regulatory framework. Regulatory authorities in France are generally cautious when it comes to cryptocurrencies because of their volatile and unregulated nature. Be that as it may, they appear to have a positive attitude towards cryptocurrencies and appear to be very enthusiastic about the possibilities blockchain technology can offer. In addition to this, French authorities even issued some basic guidance regarding the tax treatment of cryptocurrencies, emphasizing that any and all profits from the sales of said cryptocurrencies is taxable, and that the value of those same cryptocurrencies must be taken into account during the process of calculating the wealth tax
As of 20/03/2021
Exchanges Info
These exchanges all accept customers from France. 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
Binance
Binance is one of the largest crypto exchanges with low fees, 100s of coins, and high trading leverage. It is one of the easiest & cheapest exchanges for crypto trading.
- Hundreds of coins and pairs
- Very low fees
- High liquidity
- No US residents
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
Uphold Disclaimer: Asset availability on the Uphold platform is subject to region. All investments and trading are risky, and may result in the loss of capital. Cryptoassets are largely unregulated and are not subject to protection
Uphold
Based in Charleston, South Carolina. Serves over 184 countries and has done over $4 billion in transactions. Offers convenient options to swap between crypto, fiat, equities, and precious metals.
- Open to US residents
- Integrated with Brave Browser
- Over 50 different coins
- Also offers precious metals and equities
- Convenient and cheap deposit/withdrawal methods
- High trading fees
- Smaller coin selection compared to some
- No Paypal withdrawal option
- No instant debit card withdrawals