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Romania, like much of Eastern Europe, has seemed to embrace Bitcoin more than its European neighbors to the west. Perhaps that is because the economies of Eastern europe have tended to have a harder time achieving growth yet have a large group of dev talent within them.

Romania also houses a large group of libertarian minded people after having been subjected to the foreign influence of the USSR, even though they were technically never a formal Soviet state. Romanians are therefore independent and have a very unique culture that contrasts from the rest of Eastern Europe. This might explain why Bitcoin is so beloved and supported in Romania.

In fact, in July 2021, Lucian Blaga University of Sibiu announced that the university will be allowing students to pay using cryptocurrency starting this year. LBSU will be the first university in Romania to accept crypto payments.

Bucharest, the capital of Romania

One of the easiest ways to buy Bitcoin in Romania is through cryptocurrency exchanges, outlined above. There are several exchanges offering Bitcoin in Romania, 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.

Another way to buy Bitcoins in Romania is through automated teller machines (ATMs). These ATMs allow users to instantly purchase and sell cryptocurrency using cash, however most of them require at least a phone number, so they aren't totally private.

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There are three main types of Bitcoin wallet and all of them are supported in Romania:

• 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 Romania 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 Romania that allow you to buy litecoin and other crypto assets for good exchange rates.

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e-Commerce Crypto Scam

In June of 2020, a scammer named Vlad Nistor (along with a litany of other defendents) was arrested by over 100 Romanian police and secret service agents for running ecommerce and online auction fraud.

The scam worked like this: the scammers would create ads and auctions for products, and customers/bidders (most of whom were American) would buy the products with US dollars, and the scammers would convert the funds to cryptocurrency in order to send it to foreign money launderers.

In fact, this was Vlad Nistors role, as he would launder the money from the scams via his cryptocurrency exchange Coin Flux.

Once the money was received, the scammers would ghost the customer and never send them any product.

It was a simple, but effective scam that netted the scammers the equivalent of $34 million in crypto.

That is until they were arrested. The group pled guilty to the charges and are now facing long prison sentences.

As for Vlad himself, he has been extradited to the US to serve his time.

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Mining Bitcoin is for tech-savvy people only, and considering mining profitability is way down from the golden age, it's probably not a good idea for most.

Mining profitability is determined primarily by electricity cost and the value of the Bitcoin awarded to your wallet. If the power costs are higher than the value of the Bitcoin entering your wallet, you'll lose money.

You don't have control over Bitcoin's price, but you can control the hash rate (mining power) of your mining hardware and the cost of your electricity.

If you want to maximize your odds of turning a profit (which are non-existent), you should buy hardware with the best hash rate/power consumption ratio. In other words, it can mine fast without drawing much electricity.

For those who want to acquire Bitcoin as quickly as possible, buying it from an exchange is your best bet.

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Does Coinbase work in Romania?

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

• Bank Deposit
• PayPal
• Debit Card
• Credit Card

Where Can I Find a Bitcoin ATM in Romania?

You can use our Bitcoin ATM finder tool to find the one nearest you.

What is the price of Bitcoin in Romania?

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.

What is Bitcoin Romania?

Bitcoin Romania is a Romanian cryptocurrency exchange that facilitates the exchange of Bitcoin and Ethereum. Users can pay with RON, and are required to verify their SSN, ID, and a working phone number to use the platform online.

However, Bitcoin Romania also supports private Bitcoin transactions via their Bitcoin ATM in Bucharest. It's easy to use and great for general trade.

Users can transfer in-person by depositing RON at more than 800 ZebraPay locations across Romania. Overall, Bitcoin Romania is one of the most private ways to buy Bitcoin in Romania, with reasonable fees.

How do I cash out of Bitcoin in Romania?

Any exchange with a RON trading pair will allow you to sell your Bitcoin for fiat currency. Bitcoin Romania has RON trading pairs for many popular coins.

As mentioned previously, you can also use automated teller machines (ATMs) to buy Bitcoin.

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.