How to Buy Cryptocurrency in Serbia

Buying 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

Exchanges Info

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

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.

Pros

Advanced and secure technology
Anonymous accounts
Attractive trading bonuses
Very low fees

Cons

Limited asset coverage
No option instruments

Brand

Coins

Security

Usability

App

Service

Open a Bitfinex Account

Bitfinex

Operating since 2012, Bitfinex has a huge range of coins and trading pairs, a good user interface and low trading fees.

Pros

Very low trading fees
Large range of coins and trading pairs
High liquidity

Cons

Slow account verification
Two major hacks

Brand

Coins

Security

Usability

App

Service

Open a OKEx Account

OKEx

OKEx is the second-largest cryptocurrency exchange in the world by volume. It posts over $2 billion in trades daily and has over 400 trading pairs.

Pros

Good range of coins
DEX trading
No hacking history

Cons

Not available in US
KYC required

Brand

Coins

Security

Usability

App

Service

Open a Kucoin Account

Kucoin

Founded in 2017, KuCoin has already managed to establish itself as “The People’s Exchange.” With 200+ cryptocurrencies and more than 400 markets, it has become one of the hubs for cryptocurrency trading.

Pros

Vast selection of altcoins
Ability to stake & earn crypto yields
Robust security features
No forced KYC checks

Cons

No fiat currency deposits
Trading volume is low

Open a Changelly Account

Changelly

Changelly allows you to trade cryptocurrency without registration or verifying the identity through KYC. Being a non-custodial exchange, Changelly doesn’t require you to keep any deposits. The platform also works as a fiat-to-crypto gateway.

Pros