How to Buy Cryptocurrency in Romania

Buying cryptocurrency in Romania

Buying cryptocurrency in Romania The first Romanian Bitcoin ATM opening in 2014 suggested the country�s early interest in cryptocurrencies. Unfortunately, this is diminished by the fact that a developed framework for cryptocurrency regulation in Romania is still nowhere as developed in its other European counterparts. Since Bitcoins aren�t issued by official bodies, they aren�t considered a currency under Romanian law. Therefore, Bitcoin is described as a transferable good for which any transaction implying a Bitcoin payment is deemed a trade. Cryptocurrency profits are subjected to income or even capital gains tax at a 10% flat rate. There aren�t any clear indications for cryptocurrency regulation for personal use except for the warning of Romania�s National Bank regarding the risk of cryptocurrencies. More regulations will be discussed in the future as Romania�s market continues to grow. Proof of Romania�s interest in cryptocurrency lies in the fact that, according to Statista�s study, 12% of Romanians own cryptocurrency.
As of 20/03/2021

Exchanges Info

These exchanges all accept customers from Romania. 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

Open a Bybit Account

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.

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