We may receive advertising compensation when you click certain products. Before jumping into this page, an important disclosure.
You'll need a Bitcoin wallet before you buy since some exchanges require one.
Don't have a wallet? Read our guide on the best Bitcoin & cryptocurrency wallets.
Coinmama allows customers in almost every country to buy bitcoin. They charge a 4.9%-5.9% (depends on volume) fee on each purchase.
Customers in Europe can also purchase bitcoins with SEPA transfer for a lower fee.
Want to buy using Coinmama? This step-by-step guide will show you how to use Coinmama.
Paybis is a popular & cryptocurrency exchange. They serve 180 countries and 48 US states and are registered with FinCEN, making them a more trusted, regulated exchange. Paybis offers incredibly high limits and super fast payouts, not to mention 5 minute ID verification and nearly perfect review scores on Trustpilot.
Bosnia and Herzegovina became an independent state in 1992. Now, its economy is in a transitional phase, but it is opening to the rest of the world. Bosnia and Herzegovina recently become a European Union candidate, but first this country has to prove its ability to attract investments and to introduce strong market reforms.
There are no limits in Bosnia and Herzegovina regarding the purchase of and the trade in cryptocurrencies. Still, in the beginning of 2018, the Central Bank of Bosnia and Herzegovina declared that the Bosnian Mark is the only legal means of payment in the country.
There is only one exchange that supports Bosnia and Herzegovina - Coinmama, a popular Bitcoin exchange all around the world.
The lack of Bitcoin exchanges in Bosnia and Herzegovina is probably due to a lack of popularity rather than harsh regulation. Bosnia and Herzegovina is a developing country with bigger fish to fry than cryptocurrency, like raising the poverty line.
There isn't a private way to buy Bitcoin in Bosnia and Herzegovina, because the country doesn't have any Bitcoin ATMs, and exchanges like Coinmama require ID verification before trading Bitcoin.
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. If you don’t have a wallet, refer to our guide on the Best Bitcoin and Cryptocurrency Wallets to choose one.
Bosnia and Herzegovina has access to only one exchange - coinmama.
There are three main types of Bitcoin wallet and all of them are supported in Bosnia and Herzegovina:
The Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. It connects to iOS, Android & desktop computers.
ZenGo is an easy-to-use iOS and Android Bitcoin & crypto wallet. Start within 20 seconds.
As of January of 2021, we could find no exchange hacks or significant scams affecting Bosnia and Herzegovina or its citizens. We will update this page if/when any news of scams or exchange hacks occur in Bosnia and Herzegovina.
If you're a resident of Bosnia and Herzegovina, buying Bitcoin directly from an exchange is the easiest way to acquire Bitcoin. It's fast, direct, and does not require a large upfront investment (which you probably won't make back).
Still, for those who are hell-bent on Bitcoin mining, pay attention:
One of the main factors used to determine Bitcoin mining profitability is the cost of electricity, as it's the main overhead in a mining business (aside from investing in mining hardware).
The lower the electricity costs are the better.
Bosnia and Herzegovina have modest electricity prices, coming in it $0.97 per kWh. While their electricity is lower than that of the United States, it's still a bit too expensive for profitable Bitcoin mining.
According to our mining calculator, even using the best mining hardware on the market, like the Antminer S19, wouldn't be profitable in Bosnia and Herzegovina.
If you want to mine for fun or as a hobby, that's one thing - but for those who think they can strike it rich, think again. Bitcoin mining profitability is far from what it once was.
Most people are better off buying Bitcoin directly from an exchange available in Bosnia and Herzegovina or buying it from a peer on an exchange like LocalBitcoins.
Coinbase does NOT support customers in Bosnia and Herzegovina as of September of 2020.
At this time, there are no Bitcoin ATMs in Albania.
The current price of Bitcoin in Bosnia and Herzegovina is BAM57,001.70, however this amount changes every minute, so always check the value on your local exchange.
Any exchange with a Bosnian Mark trading pair will allow you to sell your Bitcoin for fiat currency. Coinmama has BAM trading pairs for many popular coins.
As of January of 2021, there are unfortunately no Bitcoin ATMs in Bosnia and Herzegovina.
LocalBitcoins is another option. Here, you can buy and sell Bitcoin for a wide range of payment methods, from gift cards to bank transfers. LocalBitcoins is a peer-to-peer (P2P) exchange, where you buy and sell with another individual. This does introduce a degree of risk, though by ensuring that you conduct all business on the platform, make use of its escrow services, and only trade with users who have a good reputation, you'll minimize any potential problems.
You could also use a service like eGifter to sell your Bitcoin for gift cards.