How to Buy Cryptocurrency in Serbia
Buying cryptocurrency in Serbia
As Serbia’s law on digital assets goes into effect, the country has started the process of regulating the crypto industry. According to this law, cryptocurrency service providers are required to get a license and activities like trading and mining are now legal. The law came into effect in December 2020, with the publication of the country’s official gazette. A set of amendments regarding tax regulation of digital assets were also adopted by the Serbian parliament. This law applies to digital assets, all of which are separated into two groups – virtual currencies and digital tokens. Digital assets are described as digital records of value which can be digitally purchased, sold, transferred and exchanged and be used for investment purposes or as an exchange medium. The authorities responsible for overseeing the crypto industry are the National Bank of Serbia and the Serbian Securities Commission. Stablecoins are also acknowledged and mining is legalized.
As of 20/03/2021
These exchanges all accept customers from Serbia. 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