How to Buy Cryptocurrency in Moldova
Buying cryptocurrency in Moldova
After the adoption of the national currency- the Moldovan leu, the former state of the Soviet Union has struggled with large inflation rates and economic turbulence. Moldova’s economy has been slowly recovering since then, and, unfortunately, the country is still regarded as one of the poorest countries in Europe. Because of these circumstances, many Moldovan citizens are looking to cryptocurrencies as a way out of this economic mess. Moldova’s economy depends on agriculture and the country lacks industry. The country mostly imports natural gas and oils for electricity, so mining doesn’t seem a likely possibility in Moldova. Having in mind the high electricity rates in Moldova, those thinking about taking up Bitcoin mining should definitely reconsider. However, in a breakaway territory of Moldova called Transnistria, mining activities were legalized. This self-proclaimed republic offers promises of tax exemption, energy-supply assistance, along with import and export of mining equipment, which is duty-free.
As of 20/03/2021
These exchanges all accept customers from Moldova. 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 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 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