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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.
Coinbase's exchange, Coinbase Pro, is one of the largest Bitcoin exchanges in the United States. 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.
Bity is a Bitcoin exchange and ATM operator, based in Switzerland. Their 5 ATMs allow for a quick first purchase and only require phone verification for an initial buy limit of 1,000 EUR or CHF. Their online service accepts wire transfers, SOFORT and online bank transfers.
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. That convenience and privacy, however, comes with a price; most ATMs have fees of 5-10%.
Hong Kong-based Bitfinex has long been one of the largest USD Bitcoin exchanges in the world. Bitfinex accounts may be funded by bank wire only, their fee on accepting such transfers is low at only 0.1%.
In August 2016, however, it was hacked and lost around 30% of its users funds. While Bitfinex can be helpful for buying large amounts of bitcoins, it is probably best to not use the exchange until it fully compensates affected users.
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Luxembourg is similar to Switzerland in that it is a financial capital of the world, known for bank accounts that respect your privacy and have favorable tax implications for businesses.
This lines up with some of the core values of Bitcoin - financial freedom and privacy. It's no surprise then that Luxembourg has also become a hub for Bitcoin investors.
In April 2021, at the Luxembourg Blockchain Week conference, Prime Minister Xavier Bettel stated that his goal for Luxembourg is to keep progressing and preserve the lead that the country has in cryptocurrency technology and use. Bettel said the country is planning to "keep looking forward" and "keep taking risks" when it comes to innovative technology like blockchain.
The government previously has labeled cryptocurrencies as "intangible assets" that are not subject to income tax until they were exchanged for fiat, but also treats income or gains derived from the exchange of cryptocurrencies as taxable.
In this guide, we will show you how to buy Bitcoin in Luxembourg as well as the general state of Bitcoin in the country.
One of the easiest ways to buy Bitcoin in Luxembourg is through the cryptocurrency exchanges outlined above. There are several exchanges offering Bitcoin in Luxembourg, allowing you to select one based on your requirements and preferences using our guide. 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 that certain exchanges might require you to get a wallet of your own before being able to buy the digital currency. Even if there is no requirement, 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.
COMPARISON
As of January of 2021, there are unfortunately no Bitcoin ATMs in Luxembourg.
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There are three main types of Bitcoin wallet and all of them are supported in Luxembourg:
The Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. It connects to iOS, Android & desktop computers.
Coinbase is an easy-to-use iOS and Android crypto exchange and wallet. Start within 20 seconds.
Electrum is a Bitcoin-only wallet that has been around since 2011. It's easy to use, but has advanced features.
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Ethereum (ETH) has established itself as the second most popular digital currency, after Bitcoin. Its smart contract features allow unique apps to be built on top of its platform. Below you will find exchanges in Luxembourg that allow you to buy ethereum. Once you buy, you should withdrawal your ETH directly to your own crypto wallet.
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Thanks to Tesla founder Elon Musk, Dogecoin (DOGE)—a coin that started as a meme about the shiba inu dog—has recently become a popular digital currency. Below you can find crypto exchanges in Canada that allow you purchase Dogecoin.
About Dogecoin: Dogecoin has become one of the most famous altcoin blockchains. Dogecoin was founded by Jackson Palmer and Billy Markus on December 6, 2013. Thanks to its popularity on Robinhood, it hit an all time high of $0.42 on April 20. Doge started the year at under $0.01 USD. It is an open source blockchain, meaning its code is publicly available for anyone to see.
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Litecoin (LTC) is one of largest cryptocurrencies by market cap. Below you can find a list of brokerages in Luxembourg that allow you to buy litecoin and other crypto assets for good exchange rates.
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The Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg has issued a warning regard a supposedly local firm going by the name of Cryptominingoptionsignal.The charge is that the firm does not have the proper certifications and required licenses to run a mining options business, and at any rate, most companies offering these products have no deals with mining operations in the first palce and are likely ponzi schemes.
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Citizens of Luxembourg can convert, buy, and sell cryptocurrencies with fiat. Supported payment methods are:
At this time, there are no Bitcoin ATMs in Luxembourg.
You can use our Bitcoin ATM finder tool to check back in occasionally and see if one has opened.
Bitcoin prices are changing every second.
The best way to find the most up-to-date price of Bitcoin is to check out our Bitcoin price page.
Any exchange with a Euro trading pair will allow you to sell your Bitcoin for fiat currency. eToro has EUR trading pairs for many popular coins.
As of January of 2021, there are unfortunately no Bitcoin ATMs in Luxembourg.
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.