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Bitstamp Bitstamp is one of the world's largest and most well-known Bitcoin & crypto exchanges. Deposits can be made through bank transfer, SEPA transfer, international bank wire, and now even credit cards.
Paybis 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 Advanced Trader Coinbase's exchange, Coinbase Advanced Trader (formerly called 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 Advanced Trader offers good prices and low fees, but its confusing user interface may initially prove difficult to navigate. Visit Coinbase Advanced Trader's Website
Bity 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 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 .
Bitcoin ATMs 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%. View Bitcoin ATMs
Bitfinex 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.(1)
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.(2)
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).
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. Romanian cryptocurrency company Bitcoin Romania stated that in 2022 they will double their ATM network location to 150 units and 250 units by the end of 2023.
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In June of 2020, a scammer named Vlad Nistor (along with a litany of other defendants) was arrested by over 100 Romanian police and secret service agents for running e-commerce 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.(3)
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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:
You can use our Bitcoin ATM finder tool to find the one nearest you.
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.
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.
BuyBitcoinWorldWide writers are subject-matter experts and base their articles on firsthand information, like interviews with experts, white papers or original studies and experience. We also use trusted research and studies from other well-known sources. You can learn more about our editorial guidelines.
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