How to Buy Cryptocurrency in Jersey
Buying cryptocurrency in Jersey
The government in Jersey has a very clear stance on cryptocurrencies and digital technologies - they are all for the implementation and development of such innovations. With that said, Jersey has embraced fintech and blockchain technologies at a wide scale and they support the adoption of these technologies in terms of laws and regulations. The country supports the development and use of cryptocurrency exchanges and other security token exchanges as well. However, much like everywhere else in the world, cryptocurrencies such as Bitcoin are recognized as a separate asset class rather than an actual currency. Interestingly, the Jersey Financial Services Commission or the JFSC licensed the world’s first Bitcoin-focused fund. This skyrocketed the adoption and use of cryptocurrencies in the country. Today, there are many token issuers and exchange vehicles that can be used to buy, sell, and trade cryptocurrencies in Jersey.
As of 20/03/2021
These exchanges all accept customers from Jersey. 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
68% of retail CFD accounts lose money. Cryptoassets are unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk. US Residents - eToro USA LLC does not offer CFDs, only real Crypto assets available.
eToro is a social trading platform that allows you to buy into cryptocurrencies, international stocks and shares and more complex financial assets. It also has an innovative Copy Trader feature where you can choose to follow other successful traders and automatically copy their trades to hopefully share in their success
- Fully regulated financial institution
- Trade crypto, stocks and other financial assets
- Follow and copy the trades of expert traders
- Fees (spreads) are high
- Only USD as base currency
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