Buy Crypto & Bitcoin in Romania

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eToroeToro

eToro is a trading platform and crypto exchange. It supports Bitcoin, Ethereum, Litecoin, Zcash and many other coins.

Deposits can be made quickly via bank transfer, SEPA, NETELLER, PayPal and more. It also offers unique features like copy trading.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Visit eToro's Website

Pros
  • Offers unique copy trading feature
  • Trusted exchange that has been active in traditional finance
  • Interface is clean and easy to use
Cons
  • You cannot deposit cryptocurrency, but you can deposit with other payment methods
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Ease of Use
Easy
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Privacy
Low
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Speed
Average
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Fees
Low
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Reputation
Trusted
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Limits
High

BitpandaBitpanda

Bitpanda is a Bitcoin broker based in Europe.

They have high payment limits and low fees across their wide range of payment methods.

Bitpanda offers customers the option to buy bitcoins with credit card, debit card, SOFORT, Skrill, NETELLER, giropay, eps, SEPA, and Online Bank Transfer.

Visit Bitpanda's Website

Pros
  • Some of the lowest fees for buying bitcoins with credit/debit card
  • Reliable and trusted broker
Cons
  • Fees aren't shown openly on the site but instead included in the buying price
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Ease of Use
Easy
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Privacy
Low
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Speed
Fast
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Fees
Low
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Reputation
Trusted
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Limits
High

BitstampBitstamp

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.

Pros
  • One of the longest-running Bitcoin exchanges
  • Very low 0.25% fee, falling to 0.1% with sufficient trading volume
  • Offers wide range of altcoins
Cons
  • High 8% fee on small credit card purchases, falling to 5% with sufficient trading volume
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Ease of Use
Hard
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Privacy
Low
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Speed
Slow
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Fees
Average
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Reputation
Trusted
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Limits
High

CoinbaseCoinbase

Coinbase is the world's largest Bitcoin (BTC) broker. They represent an easy and fast way for new users to purchase bitcoins. Coinbase supports customers in over 30 countries, including the United States, Europe, UK, Singapore, and Canada.

Customers in the above-mentioned countries can purchase bitcoins by debit card, bank transfer, SEPA transfer, and more.

Get $5 in free bitcoin after you sign up on Coinbase and make your first trade.

Pros
  • High liquidity and buying limits
  • Easy way for newcomers to get bitcoins
  • "Instant Buy" option available with debit card
Cons
  • Purchases made with bank transfer can take up to 5 days to complete
  • Coinbase may track how and where you spend your bitcoins
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Ease of Use
Easy
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Privacy
Low
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Speed
Average
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Fees
Average
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Reputation
Trusted
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Limits
High

CoinmamaCoinmama

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.

Pros
  • Works in almost all countries
  • Highest limits for buying bitcoins with a credit card
  • Reliable and trusted broker
Cons
  • Some of the highest fees among credit/debit card bitcoin brokers
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Ease of Use
Easy
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Privacy
Low
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Speed
Fast
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Fees
Average
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Reputation
Trusted
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Limits
High

PaybisPaybis

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.

Pros
  • 24/7 live support
  • Paybis has extremely high limits
  • 5 Minute verification
  • Get payouts fast
  • Large selection of payment methods
Cons
  • No traditional order book for advanced traders
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Ease of Use
Easy
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Privacy
Low
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Speed
Average
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Fees
Low
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Reputation
Trusted
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Limits
High

Coinbase Advanced TraderCoinbase 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.

Pros
  • Some of the lowest fees available for US and EU customers
  • Possible to buy bitcoins for 0% fees
Cons
  • The user interface is confusing for first-time buyers
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Ease of Use
Hard
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Privacy
Low
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Speed
Average
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Fees
Low
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Reputation
Trusted
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Limits
High

BityBity

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.

Pros
  • Easy to start buying bitcoins after mobile phone verification
  • Payment limit of up to €100,000 annually after intensive verification
Cons
  • ID verification is required for most purchases, so not a private way to buy
  • Low annual limit of only €4,000 without intensive verification
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Ease of Use
Average
privacy icon
Privacy
Low
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Speed
Fast
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Fees
Low
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Reputation
Trusted
limits icon
Limits
High

Bitcoin RomaniaBitcoin 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 .

Pros
  • One of the most private ways to buy bitcoins in Romania
  • Convenient way to purchase coins if you have a ZebraPay terminal near you
  • 1% fee for online purchase is fair for the region
  • 2.5% ATM fee is low for cash purchase
  • 4% ZebraPay fee is reasonable for cash purchase
Cons
  • Online purchase is not private; identity verification required
  • Online purchase method requires proof of payment within an hour

Bitcoin ATMsBitcoin 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

Pros
  • Our map makes it super easy to find a Bitcoin ATM near you
Cons
  • Bitcoin ATMs often have 5-10% fees per purchase

BitfinexBitfinex

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.

Pros
  • Very low fees even for low volume buyers; 0.1% for market makers and 0.2% for market takers
  • One of the best ways to buy large amounts of bitcoins
  • Allows lending of fiat or bitcoin to margin traders at interest (but this is risky in light of the hack)
  • Very deep liquidity promotes a price close to fair market rate
  • Supports several altcoins
Cons
  • Was recently hacked and has yet to fully compensate all users for their loss
  • Geared towards traders; possibly quite confusing for first time buyers
  • Single payment option
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Ease of Use
Hard
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Privacy
Low
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Speed
Varies
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Fees
Average
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Reputation
Low Trust
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Limits
High

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Bitcoin & Cryptocurrency Trading in Romania


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)


how to buy bitcoin 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, 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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Exchange Hacks and Crypto Scams in Romania


e-Commerce Crypto Scam

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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Bitcoin Mining in Romania


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.


romanian electricity costs

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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FAQ


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.

Article Sources

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.

  1. Wikipedia - Romania, https://en.wikipedia.org/wiki/Romania
  2. EuroNews.netx - University in Romania to allow students to pay tuition fees in cryptocurrency for first time, https://www.euronews.com/next/2021/04/12/university-in-romania-to-allow-students-to-pay-tuition-fees-in-cryptocurrency-for-first-ti
  3. ABC News - Romanian nationals arrested for alleged online fraud scheme, https://abcnews.go.com/Politics/romanian-nationals-arrested-alleged-online-fraud-scheme/story?id=60886462

About the Author

jordan tuwiner

Jordan Tuwiner is the founder of BuyBitcoinWorldwide.com. He studied computer science at Towson University and holds an online degree in trading & cryptocurrency. Jordan has been writing about Bitcoin since 2015. His work has been featured in The Guardian, International Business Times, Forbes, VentureBeat, CoinDesk and many other top Bitcoin media outlets.