How to Buy Cryptocurrency in Monaco
Buying cryptocurrency in Monaco
Monaco’s National Council passed Bill No.1009 in June 2020, symbolizing the coming of a new era of crypto assets for this EU country. To sum up, this law creates a legal framework that will be used to raise funds by means of ICOs. The two main points of the bill are to guarantee security for investors and administer the rule that crypto asset companies register with financial supervisors to help combat terrorism financing and anti-money laundering. Blockchain Technology NO 995, an earlier bill placed before the Monaco National Council, laid down the groundwork for Bill No.1009. Most domestic politicians agree that the newer bill was created with more ambition and a clearer goal in mind. The bill spurs on new ICO applications, but it also puts emphasis on a key point – security. Combining Monaco’s financial resources with fast-developing applications like DeFi could lead to a revolution of crypto project financing.
As of 20/03/2021
Exchanges Info
These exchanges all accept customers from Monaco. 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
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.
Advanced and secure technology
- Anonymous accounts
- Attractive trading bonuses
- Very low fees
Limited asset coverage
- No option instruments
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Kraken
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
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Uphold Disclaimer: Asset availability on the Uphold platform is subject to region. All investments and trading are risky, and may result in the loss of capital. Cryptoassets are largely unregulated and are not subject to protection
Uphold
Based in Charleston, South Carolina. Serves over 184 countries and has done over $4 billion in transactions. Offers convenient options to swap between crypto, fiat, equities, and precious metals.
- Open to US residents
- Integrated with Brave Browser
- Over 50 different coins
- Also offers precious metals and equities
- Convenient and cheap deposit/withdrawal methods
- High trading fees
- Smaller coin selection compared to some
- No Paypal withdrawal option
- No instant debit card withdrawals
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