How to Buy Cryptocurrency in France

Buying 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

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.

Pros