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.
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.
Paybis Buy Now 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 Pro 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.
Bitpanda Pro Buy Now Bitpanda Pro is Bitpanda's traditional exchange product, where users trade with each other instead of buying directly from Bitpanda. This means lower fees and more advanced trading options than Bitpanda's main brokerage service.
Bity Buy Now 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.
Bitcoin Romania Buy Now Bitcoin Romania is a Bitcoin brokerage. Customers can buy online via bank transfer or in-person by depositing cash at over 800 ZebraPay terminals across Romania.
They also operate a Bitcoin ATM in Bucharest, this method requires no identity verification .
Bitstamp Buy Now 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.
Bitcoin ATMs Buy Now 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%.
Bitfinex Buy Now 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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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 a very unique culture that contrasts from the rest of Eastern Europe. This might explain why Bitcoin is so beloved and support in 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, 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.
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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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Romania has access to many large Bitcoin and cryptocurrency exchanges.
Have a look at our favorites below:
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.
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There are three main types of Bitcoin wallet and all of them are supported in Romania:
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.
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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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 crate 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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Citizens of Romania can convert, buy, and sell cryptocurrencies with fiat. Supported payment methods are:
Bitcoin ATMs are actually
The current price of Bitcoin in Romania is RON 44,948, however this amount changes every minute, so always check the value on your local exchange.
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.
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.
Jordan Tuwiner is the founder of BuyBitcoinWorldwide.com. His work has been featured in The Guardian, International Business Times, Forbes, VentureBeat, CoinDesk and many other top Bitcoin media outlets. His articles are read by millions of people each year looking for the best way to buy Bitcoin and crypto in their country.
He has also written extensively about the history, technology, and business of the crypto world. Jordan is also the creator of some of the internet's most famous Bitcoin pages, including The Quotable Satoshi and Bitcoin Obituaries.
To learn more about Jordan, see his full bio.
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