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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.
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%.
Moldova is a former state of the Soviet Union. In 1993 the Moldovan leu was introduced, replacing the Soviet ruble. This came along with economic struggles and a large inflation rate, but since 2001 the economy of Moldova has grown steadily, though still one of the poorest in Europe.
Many Moldovans are trying to move their wealth out of the Leu and into Bitcoin. If that sounds like you, this is the page for you!
One of the easiest ways to buy Bitcoin in Moldova is through the cryptocurrency exchanges outlined above. There are several exchanges offering Bitcoin in Moldova, and you can easily 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 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.
Another option for Buying Bitcoins in Moldova is through peer-to-peer exchanges like LocalBitcoins. On platforms like these, users buy and sell with other individuals directly. More on how these work in Chapter 6.
Moldova has access to many large Bitcoin and cryptocurrency exchanges.
Have a look at our favorites below:
There are three main types of Bitcoin wallet and all of them are supported in Moldova:
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 Moldova or its citizens. We will update this page if/when any news of scams or exchange hacks occur in Moldova.
Moldova is one of the poorest countries in Europe, and its citizens have all but lost hope. The country's economy mainly relies on agriculture and lacks any industry, which is why most specialized labor migrates out of the country.
The country mostly imports oil and natural gas for electricity, so mining Bitcoin in Moldova is not a good idea. Considering the price of electricity has more than doubled over the past five years in Moldova, mining is not profitable.
Moreover, the country is so weak and industry so few and far between, energy is best used elsewhere.
Moldova's extreme poverty aside, mining Bitcoin is not the best way to acquire the decentralized asset. Instead, buying it from an exchange or another peer is the fastest, most straightforward method.
Mining requires a significant upfront investment, one that you most likely won't see a return.
Coinbase does NOT support customers in Moldova as of September of 2020.
At this time, there are no Bitcoin ATMs in Moldova.
The current price of Bitcoin in Moldova is MDL623,390.96, however this amount changes every minute, so always check the value on your local exchange.
Any exchange with a Moldovan leu trading pair will allow you to sell your Bitcoin for fiat currency. Kraken has MDL trading pairs for many popular coins.
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.