Jul 11, · Webstores such as BitPanda and LiteBit offer Europeans a way to purchase bitcoin online with their credit or debit card. There are also physical stores where you can buy bitcoin. At the time of this writing, in Austria there are over 4, stores where you can buy vouchers that contain bitcoin, called Bitcoinbon. Kriptomat is a Bitcoin & crypto exchange based in Europe. It offers quick verification and the ability to buy bitcoin, ether, litecoin and other coins. Buyers can get coins using a credit card, debit card, SEPA, Skrill, Sofort and other payment methods. Nov 20, · First and foremost, if you want to buy Bitcoin in Europe, you will need to open an account with an online trading platform that supports cryptocurrencies. Before I get the specifics on how to pick a platform that is right for your needs, I should make it clear that Bitcoin ATMs are also an option in Europe.
Bitcoin purchase europeLegality of bitcoin by country or territory - Wikipedia
As of [update] , virtual currencies such as bitcoin do not fall within the scope of the Act on Financial Supervision of the Netherlands.
Bitcoin is treated as 'private money'. When bitcoin is exchanged for sterling or for foreign currencies, such as euro or dollar, no VAT will be due on the value of the bitcoins themselves.
However, in all instances, VAT will be due in the normal way from suppliers of any goods or services sold in exchange for bitcoin or other similar cryptocurrency. Profits and losses on cryptocurrencies are subject to capital gains tax. They have proposed a code of conduct that includes the provision of Anti-Money Laundering and extra security measures. In December , the governor of the Reserve Bank of Australia RBA indicated in an interview about bitcoin legality stating, "There would be nothing to stop people in this country deciding to transact in some other currency in a shop if they wanted to.
From Wikipedia, the free encyclopedia. This list is incomplete ; you can help by adding missing items with reliable sources. This section needs expansion. You can help by adding to it. Relevant discussion may be found on the talk page. April Index to countries. See also: BitLicense. Accessed 25 September Retrieved 25 February Court of Justice of the European Union. Retrieved 6 December Retrieved 23 October Frankfurt am Main: European Central Bank. Retrieved 5 March European Parliamentary Research Service.
Annex B: Bitcoin regulation or plans therefor in selected countries. Members' Research Service. Retrieved 18 February European Banking Authority. Retrieved 8 July Retrieved 22 March Guidance for a risk-based approach.
June Retrieved 6 March Retrieved 3 January Library of Congress. Retrieved 14 August Financial Services Commission Mauritius. TPA Online in Portuguese.
Retrieved 7 January South African Reserve Bank. Sars is coming for you". Business Insider. Retrieved 22 May Bank of Namibia. Google Docs. Retrieved 11 June Retrieved 5 September Financial Crimes Enforcement Network. Retrieved 1 June Retrieved 22 April Archived from the original on 22 June Retrieved 22 June Department of the Treasury. Retrieved 13 August Banco Central de Costa Rica. Jamaica Information Service.
Bank of Jamaica. Retrieved 8 June Trinidad and Tobago Guardian. International Business Times. Retrieved 23 February Banco Central do Brasil. Retrieved 17 November Banco Central del Ecuador. Retrieved 22 October Crypto Economy. Retrieved 27 July International Finance Centre Development Agency. AKIpress News Agency. National Bank of the Kyrgyz Republic. Russian E-Money Association. Retrieved 20 December Retrieved 16 September Retrieved 13 February Law Offices".
Retrieved 6 July Retrieved 21 August Al Arabiya. Retrieved 17 July The Daily Star. Retrieved 17 June The Jordan Times. Turkish Banking Regulation and Supervision Agency. Archived from the original PDF on 22 April Retrieved 11 March Retrieved 24 June The Telegraph. Retrieved 1 February Retrieved 20 February India Today. Retrieved 4 March The Quint. Archived from the original PDF on 8 November Retrieved 8 November Archived from the original on 24 April Retrieved 9 April Retrieved 16 December Retrieved 29 September Retrieved 10 January China Daily.
Ta Kung Pao. Retrieved 18 January Nikkei Inc. Retrieved 7 September This article incorporates text from this source, which is in the public domain.
Taipei Times. Retrieved 17 April Retrieved 15 October Retrieved 21 September Bank Negara Malaysia. Retrieved 2 March The Edge Malaysia. Archived from the original on 11 January Retrieved 11 January Retrieved 7 May Archived from the original on 24 December Retrieved 27 December Business Insider Australia.
Retrieved 30 October Retrieved 29 October Retrieved 12 December Retrieved 14 December Retrieved 8 August Bundesrat in German. Retrieved 18 September Puls Biznesu. Retrieved 18 December Retrieved 28 January Retrieved 31 July Retrieved 3 February Retrieved 19 February Slovak National Bank.
Archived from the original PDF on 2 April Retrieved 24 March Archived from the original on 28 March Archived from the original PDF on 11 February Retrieved 26 February Retrieved 16 April Federal Council Switzerland. Swiss Confederation. Retrieved 28 November DW Finance.
Archived from the original on 20 September Retrieved 20 September Archived from the original on 15 January Retrieved 5 January Retrieved 3 December Financial Supervisory Authority. Archived from the original on 17 December Retrieved 24 December Majandus in Estonian. Retrieved 15 March International Tax Review. Retrieved 15 November The Central Bank of Iceland. Retrieved 8 January Deal Book New York Times. New York Times Company.
Retrieved 9 December Retrieved 19 December The Ministry of Finance. Retrieved 5 June Retrieved 31 January Retrieved 2 April Retrieved 25 April National Bank of Republic of North Macedonia.
Ministre des Finances. Retrieved 6 June Commission de Surveillance du Secteur Financier. Retrieved 6 November The Australian Financial Review. History Economics Legal status. Money portal. List of bitcoin companies List of bitcoin forks List of bitcoin organizations List of people in blockchain technology.
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List of international rankings List of top international rankings by country Lists by country. Namespaces Article Talk. Views Read View source View history. Help Learn to edit Community portal Recent changes Upload file. Download as PDF Printable version. European Union. Illegal On 20 November the exchange office issued a public statement in which it declared, "The Office des Changes wishes to inform the general public that the transactions via virtual currencies constitute an infringement of the exchange regulations, liable to penalties and fines provided for by [existing laws] in force.
Legal As of 17 January , The Central Bank of Nigeria CBN has passed a circular to inform all Nigerian banks that bank transactions in bitcoin and other virtual currencies have been banned in Nigeria. Legal The Financial Services Commission of Mauritius considers cryptocurrencies to be regulated as a Digital Asset under the Financial Services Act , and while it cautions investors they are not protected by any statutory compensation agreements, they are legal.
Legal While government officials have advised against the use of Bitcoin, there is no legislation against it and it remains fully legal. South Africa.
Legal In September the Bank of Namibia issued a position paper on virtual currencies entitled  wherein it declared cryptocurrency exchanges are not allowed and cryptocurrency cannot be accepted as payment for goods and services. Legal The Reserve Bank Of Zimbabwe is sceptical about bitcoin and has not officially permitted its use. United States. Legal The U. Legal Bitcoin is legal in Mexico as of Legal News reports indicate that bitcoins are being used in the country. Costa Rica.
Legal The Costa Rican Central Bank announced that bitcoin and cryptocurrencies are not considered currencies, and are not backed by the government nor laws.
Legal The Bank of Jamaica BoJ , the national Central Bank, has publicly declared that it must create opportunities for the exploitation of technologies including cryptocurrencies. Trinidad and Tobago. Legal Legal. Legal Bitcoins may be considered money, but not legal currency. Illegal Absolute ban. Legal Not regulated, according to a statement by the Central Bank of Brazil concerning cryptocurrencies, but is discouraged because of operational risks.
Legal There is no regulation on the use of bitcoins. Illegal The Ecuadorian government has issued a ban on bitcoin and other digital currencies. Legal Bitcoin is considered a commodity,  not a security or currency under the laws of the Kyrgyz Republic and may be legally mined, bought, sold and traded on a local commodity exchange. Legal On 2 September , a decree legalizing crypto trading — also making it tax-free — and mining in the country came into force, making Uzbekistan a crypto-friendly state.
Legal The use of bitcoins is not regulated in Cyprus. United Arab Emirates. Contradictory information Absolute ban. Legal As of , the Israel Tax Authorities issued a statement saying that bitcoin and other cryptocurrencies would not fall under the legal definition of currency, and neither of that of a financial security, but of a taxable asset.
Saudi Arabia. Legal The government of Lebanon has issued a warning discouraging the use of bitcoin and other similar systems. Legal Bitcoin is not regulated as it is not considered to be electronic money according to the law. Legal Finance minister Arun Jaitley, in his budget speech on 1 February , stated that the government will do everything to discontinue the use of bitcoin and other virtual currencies in India for criminal uses.
China PRC. Hong Kong. Legal On 8 January , the Secretary for Financial Services and the Treasury addressed bitcoin in the Legislative Council stating that "Hong Kong at present has no legislation directly regulating bitcoins and other virtual currencies of [a] similar kind. Legal On 7 March , the Japanese government, in response to a series of questions asked in the National Diet , made a cabinet decision on the legal treatment of bitcoins in the form of answers to the questions.
South Korea. Legal Minors and all foreigners are prohibited from trading cryptocurrencies. Legal In December , the Monetary Authority of Singapore reportedly stated that "[w]hether or not businesses accept bitcoins in exchange for their goods and services is a commercial decision in which MAS does not intervene. Please visit Coinbase for its exact pricing terms. Purchases made with a credit card give you access to your bitcoin immediately.
We may receive compensation when you use CEX. Please visit CEX. Our guide will show you how to buy bitcoins with a credit card on Bitpanda.
We may receive compensation when you use Bitpanda. Please visit Bitpanda for its exact pricing terms. Users can fund their accounts via bank transfer, SEPA, or bank wire. Coinbase Pro offers good prices and low fees, but their confusing user interface may initially prove difficult to navigate. We may receive compensation when you use Coinbase Pro.
Please visit Coinbase Pro for its exact pricing terms. Founded mid, Kraken is the one of the world's largest cryptocurrency exchanges, and the largest in Europe based on daily average trading volume. It is available in almost all countries.
LocalBitcoins is an escrow service which also helps to match bitcoin buyers and sellers. Users may advertise trades for whichever payment method they prefer. Buying bitcoins via an in-person meeting, secured and facilitated by LocalBitcoins, may be one of the fastest and most private ways to buy bitcoins in any country, including the United States , Europe besides Germany , UK , Singapore, Canada , Australia and many more.
We may receive compensation when you use LocalBitcoins. Please visit LocalBitcoins for its exact pricing terms. Paymium was the first European Bitcoin exchange, founded in Customers can purchase bitcoins via SEPA, wire transfer, or credit card. BitStamp is one of the world's largest and most well-known Bitcoin exchanges. Deposits can be made through bank transfer, SEPA transfer, international bank wire, and now even credit cards.
You can use our Bitcoin ATM map to buy bitcoins with cash. Bitcoin ATMs can be a quick and easy way to buy bitcoins and they're also private. It also operates a global OTC trading desk, making it easy for customers to buy large amounts BTC and up of bitcoin. It supports all US states besides Texas. Europe is a mega hub for Bitcoin and cryptocurrency trading. As Europe boasts some of the wealthiest and most technologically advanced democracies on Earth, its no wonder that so many countries are going wild for Bitcoin.
Bitflyer, a crypto exchange based in Luxembourg, released its updated Cryptocurrency Confidence Index , which is a yearly survey of citizens across all of Europe to determine their appetite and confidence in Bitcoin and crypto more broadly. It is pleasing to see these results that indicate a slow but steady progression of cryptocurrencies into the mainstream consciousness. Although we might look at this as an achievement for digital currencies in spite of the challenging economic times we are facing, it is also worth considering that this may well be partly because of these times.
It is interesting to see that countries like Italy which have been hit hard by the COVID crisis are expressing more faith than ever in cryptocurrencies. As people face economic hardship, we can expect populations to seek alternatives to traditional financial systems. This is an important time for the crypto industry to demonstrate how cryptocurrencies and associated concepts such as decentralised finance can provide attractive alternatives or even substitutes for incumbent economic models, as we battle unprecedented financial times globally and look for novel solutions.
One of the easiest ways to buy Bitcoin in Europe is through cryptocurrency exchanges. There are several exchanges offering Bitcoin in Europe, and you can easily select one based on your requirements and preferences using our guide for each country. Different exchanges have different transaction fees, withdrawal limits, payment modes, and verification processes that need to be kept in mind before users select one. Additionally, Bitcoin buyers need to keep in mind the fact that certain exchanges might require them to get a wallet of their own before they are able to buy the digital currency.
Also, it is recommended to have a wallet of your own for security reasons, preferably a hardware wallet. No matter which method you choose, just be sure to follow our guides and do your own research. Bitcoin is an amazing technology but there are a lot of pitfalls out there. Stay safe! The Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. Atomic wallet is a multicurrency mobile wallet with a beautiful interface and easy to use features.
Electrum is a Bitcoin-only wallet that has been around since It's easy to use, but has advanced features. In August of , OneCoin was born, and its face was a woman named Dr. Ruja Ignatova. She made wild promises about how successful it would be. That it would be a 'Bitcoin Killer'. However, several investors and outside sceptics eventually pieces together that there was actually no blockchain.
It was merely a SQL database being centrally hosted. And worst of all, there was no way to convert OneCoin coins into US dollar or any other currency for that matter. Eventually, under increased scrutiny and pressure to create an exchange that allowed investors to dump their OneCoins, Ignatova ran away with the Bitcoin and no one knows for sure where she went to this day.
OneCoin represents the largest cryptocurrency scam in the history of industry and perhaps the history of the world. As reported by Bloomberg , in February of , Interpol made mass arrests on a group of scammers spread out across Denmark, Germany, and Latvia. These scammers defrauded hundreds of victims in Austria, Poland, Germany, and several other Eastern European companies.