How to Buy Bitcoin Romania – Beginner’s Guide

Bitcoin has seen exponential growth in the past year. After a four-year hiatus, Bitcoin surged more than 200% to a then-record value of $69,000. This strong performance has driven interest and attention in the crypto space as several investors are now keen to buy Bitcoin in Romania and other regions.

This guide will explore the best platforms for crypto users to buy Bitcoin instantly and the most popular payment options on tap.

Where to Buy Bitcoin in Romania

Wondering where to buy Bitcoin in Romania? Search no more. These platforms have been selected based on low fees, user-friendliness, payment methods, amount of supported cryptos, and overall trading experience.

1. Crypto.com: Top Platform for Passive Crypto Revenue

Earning passive income is one of the biggest reasons several investors are looking for how to buy Bitcoin in Romania. Crypto.com shines brighter than several brokers in providing investors with a means to earn passive income.

The broker is based in Singapore and operates in over 50 countries, with oversight from the Malta Financial Services Authority (MFSA).

Crypto.com stands out for a number of reasons. One of the main ones is the wide range of passive income options it provides. Crypto.com has a staking service that lets investors earn as much as 14.5% in yearly returns. Users can also sign up for Crypto.com’s debit card and enjoy up to 8% cashback along with other perks for using their coins.

Affordability is another benefit Crypto.com offers. Level One customers pay 0.4% on trades and Level Two users pay 0.35%. Also, traders can get a 10% discount by paying with the exchange’s native CRO token.

Besides its low fees, Crypto.com also offers great liquidity. The broker supports over 250 coins.

Investors who want to buy Bitcoin instantly on Crypto.com can use direct crypto deposits or ACH transfers. Keep in mind that the broker has a minimum balance of 993.35 RON.

Security is another priority for Crypto.com. The broker keeps user funds safe with features like multi-factor authentication (MFA) and whitelisting. 98% of customers’ funds are also stored in cold wallets, where hackers can’t reach them.

Cryptoassets are a highly volatile unregulated investment product.

2. Bitstamp: Versatile Crypto Exchange for All Types of Investors

Bitstamp is a broker that offers impressive fees and a great trading experience for investors.

Founded in 2011, Bitstamp has deep roots in the market. The Luxembourg-based crypto broker currently holds licenses from the New York State Department of Financial Services (NYSDFS) and Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF). CSSF allows Bitstamp to operate in most European markets, including Romania.

Like many brokers, Bitsamp offers something for everyone. Passive traders can easily enjoy low-risk income using the Bitstamp Earn program, while active traders gain access to the professional trading suite. Institutions looking to receive crypto exposure can also use Bitstamp for nonstop trading access.

Another attraction for Bitstamp is its fees. The broker charges between 0.005% and 0.5% in fees for trades, with the charges varying based on trading volumes.

Besides low fees, Bitstamp is also noted for its ease of use. The broker offers a well-laid-out platform that allows anyone to easily sign up and begin trading crypto. And, with support for over 50 cryptocurrencies and 3 fiat currencies, liquidity is no problem for Bitstamp.

Deposits on Bitstamp can be processed using cards, wire transfers, and direct crypto transfers. Note that the minimum deposit on this platform is 47.25 RON.

To keep customers’ funds safe, Bitstamp uses multi-signature wallets, 2FA, and cold storage.

Cryptoassets are a highly volatile unregulated investment product.

3. Coinbase – Best Platform for Beginners to Invest in Bitcoin in Romania

Coinbase, one of the world’s largest crypto exchanges, is another viable option for investors in Romania. With a user-friendly platform and abundance of money-making methods for investors, Coinbase is undoubtedly a star in the crypto market.

This broker located in San Francisco is recognized for its commitment to good regulatory practices. Additionally, Coinbase is ideal for newcomers, thanks to its user-friendly platform that makes it simple for anyone to start using. With a minimum balance of 9.44 RON and support for over 10,000 assets, users can kick off their crypto journey with a small amount and explore one of the largest selections of assets available.

Coinbase allows users to buy crypto using different options – ranging from direct transfers and online processors to cards and wire transfers. Note that there might be fees on the selected payment method.

Coinbase charges fees ranging from 0.5% to 4.5% when investors acquire cryptocurrency. However, Coinbase includes tools for both active traders searching for easy market access and passive investors looking to earn passive revenue.

The adoption of technologies like multi-factor authentication (MFA) and cold storage by Coinbase helps to protect user assets. In addition, the exchange has an insurance policy in place to cover assets held online.

Cryptoassets are a highly volatile unregulated investment product.

4. Binance – Top Crypto Brand for Deep Liquidity

Binance is one of the most popular crypto brands and a top place to buy Bitcoin in Romania. The platform’s credibility is displayed by the number of crypto trades that are carried out daily. Bitcoin averages $60 billion in daily Bitcoin trades, making it the world’s largest crypto exchange by trading volume.

Binance also backs this up with a handsome repository of tradable digital assets. Users can easily buy, sell, and exchange over 600 blockchain-based assets. The platform also offers other top services depending on the user in question. New and inexperienced users can easily tap into the platform’s savings services to generate sizable returns on their digital holdings.

Experienced investors can easily trade crypto futures and margin trading while enjoying low fees. The fee structure is pegged at 0.10%, and holders of its native Binance Coin (BNB) token get to enjoy a 25% discount. Trading starts at 47 RON, and supported payment methods include bank wire transfer, crypto transfer, cards, and e-wallet solutions.

Binance takes the security of users’ funds and details seriously. The platform offers 2FA and address whitelisting. Also, Binance offers a crypto-centric insurance policy called Secure Asset Funds for Users (SAFU). SAFU is currently worth $1 billion in total value locked (TVL).

Binance is regulated in most regions in which it operates.

Cryptoassets are a highly volatile unregulated investment product.

5. Bitcoin Romania – Local Bitcoin Exchange for Trading Crypto

Wondering where to buy Bitcoin in Romania locally? Bitcoin Romania is another popular crypto exchange Romanians can use. The platform allows users to buy, sell, and exchange over 50 digital assets, including record breakers like Bitcoin, Ethereum, Algorand, and Cardano.

Additionally, Bitcoin Romania has a Pro platform, which offers lower trading fees of 0.25% and a higher asset portfolio. The platform is geared towards advanced investors and offers more sophisticated trading tools.

Bitcoin Romania offers fast withdrawal and deposit options and rapid market order executions. The platform supports bank wire transfers, cards, and Revolut deposits. However, the minimum starting amount is not stated.

To ensure security, Bitcoin Romania offers 2FA and address whitelisting.

6. Bitpanda – Top Platform to Buy Crypto Indices

Bitpanda is one of the top platforms to buy Bitcoin in Romania. The Bitcoin trading platform operates as a multi-asset broker, allowing investors to buy and sell commodities, stocks, bonds, exchange-traded funds (ETFs), and cryptocurrencies.

Bitpanda shines in its unique crypto indices feature. With this feature, crypto enthusiasts can easily invest in the top 5, 10, and 25 digital assets in the crypto space.

Bitpanda supports 100+ digital assets, and the minimum deposit is pegged at 123 RON. The supported payment methods include bank wire transfers, cards, and e-wallet payment solutions. Fees on the platform are pegged at 0.1% for makers and 0.15% for takers.

Bitpanda is compliant with all regulatory bodies and anti-money laundering laws (AML). Also, Bitpanda offers 2FA and address whitelisting.

Should I Buy Bitcoin in Romania?

Bitcoin is already a global sensation and is the best crypto to invest in. Several investors are keen on holding the crypto asset. However, the digital asset is highly volatile, which implies that its price tends to vary frequently. Bitcoin’s main attraction is its deflationary tendency, due to the hard cap limit of 21 million coins.

Another huge attraction is its censorship-resistant and decentralised nature. Bitcoin is not controlled by a central authority. The digital asset is free from government sanctions or bank restrictions.

Moreover, there are several other benefits Bitcoin users are deriving from the emerging asset class.

Benefits of Buying Bitcoin

Here are other benefits of buying Bitcoin:

1. Inclusive and Borderless

According to its official whitepaper in 2008, the Bitcoin network was conceived as a global solution to the world’s financial mess. The blockchain network was created to enable the decentralised peer-to-peer transfer of electronic cash by anyone, anywhere in the world. Hence, the digital asset is quite inclusive as the value can be transferred between two users in opposite parts of the globe without an intermediary.

2. Largest Market Shareholder

The crypto market is still in its infancy, but the emerging asset class has become the fastest-growing ecosystem after touching a trillion-dollar valuation in early 2021. Bitcoin commands the largest share of the industry, with 44.4% value locked in the Bitcoin network alone. This value reflects the deep liquidity Bitcoin controls despite having fewer coins in circulation.

3. Hedge for Inflation

Bitcoin’s superpower is its deflationary model. With such a limited quantity of the asset readily available for purchase, demand has continued to shoot through the roof, causing the price of Bitcoin to rise steadily. As a result, several institutional investors continue to add the asset class to their balance sheets.

4. Adoption Is Still on the Increase

Critics pointed out that Bitcoin’s volatility makes it unfit to be considered a medium of exchange, but this has proven to be inaccurate. According to data from Bitcoin Treasuries, world governments hold over 50k BTC. Two countries have already adopted Bitcoin as their legal tender in light of the growing global economic recession.

Public and private companies have not been left out. A total value of 470k Bitcoins is featured in the balance books of these companies. While many hold BTC to hedge against inflation, many businesses are now accepting it as a medium of value transfer. According to a Deloitte report, over 2,300 US businesses accept BTC as a form of payment for goods and services offered. Popular fashion brand, Gucci, has also recently stepped into the crypto space.

5. Not Prone to Attack

The Bitcoin network runs on a tough-nailed Proof-of-Work (PoW) consensus algorithm that requires validators to compete in solving transactions posted on the network. The first validator to solve its complex mathematical puzzle gets rewarded with 6.25 in block rewards as well as the requisite transaction fee.

Because PoW is so energy-demanding and decentralised, the Bitcoin network is not susceptible to a 51% attack. A 51% attack is a malicious protocol hack that allows a single entity to control more than 50% of a network’s computing resources. The effect is that the majority holder can reverse transactions on the blockchain and enable a double-spending incident.

Ways of Buying Bitcoin

These are some of the most popular ways for investors to buy Bitcoin in Romania:

1. Buy Bitcoin with PayPal

PayPal is a popular payment gateway that allows users to transfer and receive funds easily. The platform has since become a crypto hotbed following its rollout of crypto-facing services. Although investors can buy Bitcoin on PayPal, the fees may be an issue for a number of retail users. As a solution to the high fees, several crypto trading platforms enable users to buy Bitcoin with PayPal on their platforms.

This payment method can be used on any crypto broker that supports PayPal payment solutions. All investors have to do is select PayPal as their preferred choice and buy Bitcoin. This system is more cost-efficient.

2. Buy Bitcoin with Credit or Debit Cards

Another popular payment option users are turning to is credit and debit cards. Both cards are useful in making online purchases and are generally secure. A host of crypto-facing investment services have support for both options. However, we recommend factoring in the fees the credit card issuer may charge before using this option.

Platform fees should also be considered. A few exchanges charge premium fees for debit card deposits, like Coinbase’s 3.99% levy on debit deposits.

3. Buy Bitcoin with Bank Transfer

Bank transfers remain an effective means for purchasing Bitcoin. They are secure and offer more funding range. However, they are slower than the other options. A bank wire transfer could take anywhere between 3 to 5 business days for the transaction to be completed.

Bitcoin Price

The Bitcoin price has remained pegged within the $28,500 and $30,000 price range due to the bears dictating the rhythm of the digital asset.

At press time, Bitcoin is trading at $29,554, up 1.53% in the past month. This price performance indicates a slight return to winning ways after the digital asset slipped treacherously in May to $26,000 following the Terra blockchain debacle.

Bitcoin’s moving average convergence and divergence (MACD) has flipped bullish and is showing a strong buy signal. Its relative strength index (RSI) figure of 46.90 indicates that BTC is still trading in the underbought region. This presents a unique opportunity for investors to buy Bitcoin and wait out the crypto winter.

Bitcoin Price Prediction

Deliberating on when to buy Bitcoin? Now might just be the best time to do so. The digital asset has continued to stun analysts and experts with its performance. Bitcoin remains tenacious and resilient despite the market forces at play.

The crypto asset’s performances over the last decade have been nothing short of amazing. Strong bearish activities pushed it below the $5k value following the 2018 market crash that saw it drop from its then-record of $20,000. The digital asset surged to $19,800 in late 2020, breaking into 2021 on a strong footing. Bitcoin continued to break every price barrier, skyrocketing to $30,000 before hitting the $50k mark.

In a series of unprecedented moves, BTC price hit north of $70k, placing the asset on the financial map.

The asset’s current dip has been labelled a buying zone, given BTC’s historic performances. With growing adoption and strong consumer interest, BTC could hit the $50,000 price range at the close of the year. 2023 could be more positive. We predict that the digital asset will rise above its previous record amount to create another apex price.

Conclusion

Bitcoin remains the crypto standard. As a result of the benefits users derive from holding BTC for the long term, Bitcoin purchases are expected to rise in the coming years. Keen to buy BTC in Romania? We recommend using Crypto.com.

Crypto.com is one of the most popular cryptocurrency exchanges and is used by millions of people worldwide. This safe platform also uses multi-factor authentication, and stores 98% of users funds in cold storage.

Cryptoassets are a highly volatile unregulated investment product.

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