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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.

Luxembourg is a city-state

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.

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:

• Software (desktop or mobile - iOS and Android wallets
• Hardware wallet
• Cold-storage (paper or steel wallets, the latter of which are used to backup your main wallet.

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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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Cryptominingoptionsignal

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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Does Coinbase work in Luxembourg?

Citizens of Luxembourg can convert, buy, and sell cryptocurrencies with fiat. Supported payment methods are:

• Bank Deposit
• PayPal
• 3D Secure Credit Card
• Debit Card
• Credit Card

Where Can I Find a Bitcoin ATM in Luxembourg?

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.

What is the price of Bitcoin in Luxembourg?

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.

How do I cash out of Bitcoin in Luxembourg?

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.