Buy Bitcoin & Crypto in Bosnia and Herzegovina

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.

  • Popular Exchanges to Buy Bitcoin & Crypto in Bosnia and Herzegovina
  • eToro
    • Supports Bitcoin, Ethereum & 15 other coins
    • Start trading fast; high limits
    • Your capital is at risk.

    This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

  • Coinmama
    • Works in almost all countries
    • Highest limits for buying bitcoins with a credit card
    • Reliable and trusted broker

CoinmamaCoinmama Buy Bitcoin Read Review

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.

We may receive compensation when you use Coinmama. Please visit Coinmama for its exact pricing terms.

Pros
  • Works in almost all countries
  • Highest limits for buying bitcoins with a credit card
  • Reliable and trusted broker
Cons
  • Some of the highest fees among credit/debit card bitcoin brokers
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Ease of Use
Easy
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Privacy
Low
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Speed
Fast
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Fees
Average
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Reputation
Trusted
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Limits
High
Buy Bitcoin Read Review

How to Buy Bitcoin in Bosnia and Herzegovina

Currently, Bitcoin and other cryptocurrencies are legal in Bosnia and Herzegovina, and its citizens are free to buy and sell crypto as they please.

However, there are only two exchanges that support Bosnia and Herzegovina, including 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.

Before you buy Bitcoin, make sure you have a secure hardware wallet like the Ledger Nano S. Using cold storage is the only way to protect your investment from theft.

Bitcoin Mining 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.