How to Buy Cryptocurrency in Gibraltar

Buying cryptocurrency in Gibraltar

Buying cryptocurrency in GibraltarGibraltar 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

Exchanges Info

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

Bitfinex

Operating since 2012, Bitfinex has a huge range of coins and trading pairs, a good user interface and low trading fees.

Pros
  • Very low trading fees
  • Large range of coins and trading pairs
  • High liquidity
Cons
  • Slow account verification
  • Two major hacks
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Poloniex

Poloniex is a centralized cryptocurrency exchange that started its journey back in January 2014. The platform offers margin trading, spot trading and margin lending

Pros
  • No verification required
  • Low fees
  • Margin trading and lending options
Cons
  • Not regulated
  • No Fiat deposits
  • No US users
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Coinmama

Coinmama was formed in Slovakia in 2013. As a user, you are not allowed to exchange cryptocurrencies with other users on this platform. Instead, you will be trading cryptocurrencies with Coinmama directly which makes your transactions more secure.

Pros
  • Receive coins to your wallet instantly.
  • High limits for buying bitcoin
  • Faster customer service
  • High levels of security
Cons
  • No option for trading with other users
  • Higher fees
  • No mobile app
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Bittrex

Bittrex is a veteran US-based cryptocurrency exchange launched in 2013. Its has Worldwide availability, comprehensive mobile app, high liquidity and low fees.

Pros
  • Strong security features
  • Faster transaction & withdrawals
  • Compliant with US laws
  • Inexpensive bank card deposits
Cons
  • No leveraged margin trading
  • Intrusive verification process
  • Unexplained closure of account