How to Buy Cryptocurrency in Gibraltar
Buying cryptocurrency in Gibraltar
Gibraltar has been moving towards regulating cryptocurrencies and cryptocurrency trading by conducting thorough research on the subject of DLT, drafting various proposals for the new regulatory framework, and gaining investments from a large number of companies engaged with cryptocurrencies, like Xapo or Coinsilium, since 2016. Besides this, the Gibraltar Stock Exchange (GSX) became the world’s first stock exchange to have a regulated blockchain exchange when the Gibraltar Financial Services Commission (GFSC) granted it a full license in 2018. Gibraltar would then become the first in Europe and one of the first in the world to start regulation of businesses engaged in Distributed Ledger Technology (DLT), also including blockchain technology. The Gibraltar Financial Services Commission has tackled the ever increasing use of coins and tokens based on DLT, which supports decentralized virtual currencies, and launched a brand new framework of regulation that was announced to came into force in January 2018
As of 20/03/2021
These exchanges all accept customers from Gibraltar. 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
Based in Isle of Man. Over 200,000 customers with min deposit as little as Â£5. Simple site for getting into Bitcoin.
- Simple user interface
- Autobuy feature for regular crypto saving / DCA
- You can earn Bitcoin on your shopping with their browser extension
- Limited range of coins
- No e-wallet feature
- No live chat support
Operating since 2012, Bitfinex has a huge range of coins and trading pairs, a good user interface and low trading fees.
- Very low trading fees
- Large range of coins and trading pairs
- High liquidity
- Slow account verification
- Two major hacks
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