Best Platforms To Trade Crypto In Romania
The best crypto exchange in Romania - Bybit
Top 5 crypto exchanges in Romania:
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Bybit – Best derivative exchange in Romania;
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Binance – Best overall for altcoins traders in Romania;
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OKX – Best Bitcoin exchange in Romania;
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KuCoin – Best exchange for active traders in Romania;
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Huobi Global – Best for institutional investors in Romania.
In the dynamic realm of cryptocurrency, Romania has emerged as a focal point for traders and enthusiasts. The selection of a reliable and secure crypto exchange has become crucial as digital assets gain traction. The best cryptocurrency exchanges in Romania, carefully chosen by the Traders Union, will be revealed in this article. Join us as we navigate the world of blockchain assets, discovering the platforms that offer intuitive interfaces, robust security, diverse coin selections, and competitive fees. Whether you're a seasoned trader or a curious newcomer, Traders Union's expertise paves the way to Romania's finest crypto exchanges.
Top 5 crypto exchanges in Romania
The comparison table below, created by TU experts, showcases the leading cryptocurrency exchanges in Romania for the year 2023:
| Supported assets | Spot fee | Futures fee | Bonuses and promo | Investment options | |
|---|---|---|---|---|---|
430+ |
0.1% |
Maker 0.01% Taker 0.06% |
Up to $50 for registration |
Copy trading |
|
500 |
0.1% |
Maker 0.06% Taker 0.09% |
$10 Bitcoin sign-up bonus and 20% off trading fees |
Demo trading |
|
350 |
0.1% |
Maker 0,0% Taker 0,07% |
$Up to $10 welcome bonus and a referral bonus |
Staking |
|
500 |
0.1% |
Maker 0.02% Taker 0.06% |
20% cashback on trading fees |
Margin trading |
|
375 |
0.2% |
Maker 0.02% Taker 0.05% |
30% referral trading discount and 60% cashback |
OTC trading |
Bybit - Best derivative exchange in Romania
In Romania's crypto exchange arena, Bybit is so well-liked because there is no government regulation, which makes KYC requirements simpler. Another factor contributing to its popularity is its quick inclusion of promising assets, coverage of more than 400 cryptocurrencies, and forays into DeFi and the Metaverse. The beauty of Bybit is how effortlessly it incorporates the Romanian language into its support, removing any potential trade barriers. The adoption of the Romanian Leu (RON) by Bybit as an accepted currency for deposits demonstrates their sincere dedication to Romania's crypto community. This means hassle-free deposits, withdrawals, and trading. Deposits and withdrawals are free on Bybit, with leverage up to 1:100. What's more, Bybit's user-friendly interface and robust customer support ensure everyone, whether they're newbies or seasoned pros, can navigate the platform with ease.
Binance - Best overall for altcoins traders in Romania
One of the biggest cryptocurrency and altcoin exchanges in Romania is Binance, which is the largest cryptocurrency exchange by trading volume. Binance truly stands out as a top-notch crypto exchange in Romania. Despite the fact that the company does not have a financial license in Romania, the exchange has a good reputation. One remarkable aspect is its customer care support in the Romanian language. On Binance Earn, Binance supports more than 160 cryptocurrencies. Romanians can buy, sell, and trade more than 500 cryptocurrencies on this cryptocurrency exchange. The exchange boasts an impressive array of cryptocurrencies available for trading, catering to the varied preferences of the Romanian crypto community. You can get a 25% discount on all trading commissions if you own Binance Coin. Binance does not charge any fees for deposits, but withdrawal costs differ depending on the cryptocurrency.
OKX - Best Bitcoin exchange in Romania
OKX is an international cryptocurrency exchange that has been providing financial services since 2017. On the OKX platform, you can buy and sell cryptocurrencies and earn money by storing tokens and providing funds for margin trading. The cryptocurrency exchange offers over 100 cryptocurrencies such as (BTC , LTC, ETH, XRP, etc.), several ways to make passive income, and a base with educational materials.
OKX broker provides an array of features, including extensive digital asset support for over 350 assets, secure cold storage, an NFT Marketplace, trading tools with derivatives, and access to DeFi services.
The range of investment options provided by OKEx includes spot trading, staking, lending, margin trading, NFT trading, P2P trading, mining, and trading in futures and options.
KuCoin - Best exchange for active traders in Romania
The KuCoin crypto exchange is a platform for exchanging and trading cryptocurrencies, spots, margins, and futures. The list of the exchange’s trading instruments includes dozens of cryptocurrencies such as Bitcoin, Ethereum, Tezer, etc. This crypto exchange offers a user-friendly trading terminal and there is a web and a mobile version for Android and iOS devices. The terminal contains basic analytics, charts, and indicators. There’s a possibility to replenish the account balance from debit cards, cryptocurrency, and electronic wallets. These methods are also available for withdrawal. In addition to the affiliate program (payments for referrals), the site offers unique contests with cash prizes called "Futures Battle".
The platform enables leverage, futures, and peer-to-peer trading in addition to standard trading choices. Users can also decide to lend or stake their cryptocurrency to gain incentives. KuCoin is an appealing alternative because it has affordable trading fees when compared to some of its rivals.
Huobi Global - Best for institutional investors in Romania
Huobi Global is a global cryptocurrency exchange that was founded in China but is headquartered in Seychelles. The work of the international company Huobi Global started in 2013. The cryptocurrency exchange allows traders to carry out transactions with a variety of assets, including about 300 currency pairs and cross rates. There is no information on whether this company is licensed and the exchange hasn’t received any awards during its brief activity.
Huobi Global highlights include 400+ supported assets, an advanced interface, a trading bot, Smart-Chain analysis, and mining pools.
Spot trading, peer-to-peer trading, margin trading, flash trading, crypto staking, and lending are just a few of the investment options offered by Huobi Global Crypto Exchange.
How to choose a crypto exchange in Romania?
Choosing a crypto exchange in Romania involves considering several important factors, including regulation and safety, fees, benefits for Romanian clients, investment options, and additional features. Here's a breakdown of each aspect by TU experts:
Regulation and safety: Check if the crypto exchange is registered and regulated by relevant authorities in Romania, such as the National Bank of Romania (BNR) or the Financial Supervisory Authority (ASF). Look for compliance with anti-money laundering (AML) and know-your-customer (KYC) regulations, as these are crucial for user safety and the prevention of illicit activities. Additionally, examine the exchange's security measures, such as cold storage for funds, two-factor authentication (2FA), and regular security audits
Fees: Compare the trading fees, deposit and withdrawal fees, and any other charges associated with the exchange. Some exchanges may offer tiered fee structures based on trading volume, which can be advantageous for active traders
Benefits for Romanian clients: Look for exchanges that offer services tailored to Romanian clients. This could include support for the Romanian Leu (RON), a Romanian language version of the platform, and customer support that understands and responds effectively to Romanian queries. Some exchanges may also offer special bonuses or promotions for users in Romania
Investment options: Evaluate the range of cryptocurrencies available for trading on the platform. A diverse selection of coins can provide more opportunities for investment. Additionally, check if the exchange offers features like copy trading, staking (earning rewards for holding specific coins), and farming (yield farming for DeFi tokens). These options can enhance your investment strategy
Reputation and reviews: Research online reviews and user feedback about the exchange. Look for information on how the exchange has handled security breaches or customer issues in the past. A strong reputation for security and customer service is important
How to buy crypto in Romania?
Here's a concise step-by-step guide on how to buy cryptocurrency in Romania using Binance Exchange as an example:
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1
Step 1: Create a Binance account: Sign up on Binance's official website using an email and password to start your crypto journey
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Step 2: Complete KYC: After logging in, upload your identification documents for verification to ensure compliance with regulations
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Step 3: Fiat deposit: Deposit Romanian Leu (RON) using bank transfer or other payment methods available on Binance's platform
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4
Step 4: Buy crypto: Visit the trading section, select your desired cryptocurrency, choose order type and amount, and confirm purchase
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Step 5: Transfer to wallet: Enhance security by withdrawing your purchased crypto from Binance to a personal wallet of your choice
Is it a good time to buy Bitcoin in Romania now?
Yes and no! Before investing in Bitcoin, carefully consider the potential gains and risks and ensure you're well-informed about the cryptocurrency market and your personal financial situation. Here are some of the pros and cons highlighted by TU experts:
👍 Pros
• Devaluation protection: Bitcoin can serve as a hedge against currency devaluation, offering potential protection for your wealth
• Digital store of value: Bitcoin is considered a digital store of value similar to precious metals, with potential for long-term growth
• Not at a historical high: Bitcoin's current value is below its historical peak, potentially presenting an entry opportunity
👎 Cons
• High volatility: Bitcoin's value is known to fluctuate significantly, posing a risk of substantial losses
• Regulatory concerns: Government regulations could impact the legality and use of Bitcoin, leading to uncertainty for investors
Does crypto exchanges support RON?
Yes, several cryptocurrency exchanges, including Binance, Kucoin, and Bybit, support the Romanian Leu (RON) for deposits. If an exchange doesn't directly support RON, you can consider depositing through SEPA transfers (if available), converting RON to Euros for deposit, using existing cryptocurrencies, or exploring crypto peer-to-peer platforms.
Rules and Regulation
Crypto regulations in Romania
Cryptocurrency trading in Romania is overseen by regulatory bodies such as the Romanian Financial Supervisory Authority (ASF) and the National Bank of Romania (BNR). These institutions play a crucial role in regulating and monitoring the cryptocurrency market to ensure compliance with legal and regulatory requirements.
Crypto investor protection in Romania
The ASF implements regulations aimed at safeguarding investors participating in cryptocurrency trading. These regulations are designed to promote transparency, integrity, and fair practices in the cryptocurrency market, thereby protecting investors' interests and enhancing market confidence.
Crypto tax in Romania
Profits derived from cryptocurrency trading activities are subject to taxation in Romania. Capital gains from cryptocurrency transactions are typically taxed at rates ranging from 10% to 16%, depending on the total amount of profit earned. This taxation policy is enforced to ensure compliance with tax laws and contribute to the country's revenue collection efforts.
Summary
In conclusion, cryptocurrency investment in Romania is both legal and accessible, overseen by regulatory bodies such as the ASF and BNR, ensuring a secure environment aligned with EU rules. Best crypto exchanges like Binance, Bybit, Kucoin, Huobi Global, and OKX offer diverse assets while complying with regulations and local payment methods. Simultaneously, Romania has become a vibrant cryptocurrency trading hub, with Traders Union spotlighting the top 5 exchanges for 2023. This guide aids both new and experienced traders by highlighting user-friendly interfaces, strong security, coin variety, and competitive fees, simplifying the complex landscape of cryptocurrency trading.
FAQs
What Cryptocurrency exchanges are used in Romania?
A variety of cryptocurrency exchanges are utilized in Romania, catering to the diverse trading preferences of its enthusiasts. Some notable platforms include Binance, Bybit, Kucoin, and OKX, among others. The choice of exchange often depends on factors such as trading fees, available cryptocurrencies, security features, and the user interface.
Is Crypto trading legal in Romania?
Yes, cryptocurrency trading is legal in Romania. The country has established a generally welcoming stance towards cryptocurrencies and blockchain technology. The Romanian government recognizes cryptocurrencies as a form of digital property and imposes taxation on gains resulting from their trading or use.
Which Crypto exchange is the best?
Determining the "best" crypto exchange can be subjective, as it hinges on individual preferences and requirements. Factors to consider include user experience, security protocols, the range of supported cryptocurrencies, trading fees, customer support, and regulatory compliance. Traders Union has curated a list of the Top 5 crypto exchanges in Romania for 2024, providing valuable insights into their respective strengths.
Is Bitcoin popular in Romania?
Yes, Bitcoin has gained popularity in Romania, with a growing community of users and traders. The decentralized nature of Bitcoin and its potential for financial inclusivity have resonated with individuals seeking alternative investment opportunities. Romania's crypto landscape reflects this trend, witnessing increased participation in Bitcoin trading and adoption.
Methodology for compiling our ratings of crypto exchanges
Traders Union applies a rigorous methodology to evaluate crypto exchanges using over 100 quantitative and qualitative criteria. Multiple parameters are given individual scores that feed into an overall rating.
Key aspects of the assessment include:
User reviews. Client reviews and feedback are analyzed to determine customer satisfaction levels. Reviews are fact-checked and verified.
Trading instruments. Exchanges are evaluated on the range of assets offered, as well as the breadth and depth of available markets.
Fees and commissions. All trading fees and commissions are analyzed comprehensively to determine overall costs for clients.
Trading platforms. Exchanges are assessed based on the variety, quality, and features of platforms offered to clients.
Extra services. Unique value propositions and useful features that provide traders with more options for yield generation.
Other factors like brand popularity, client support, and educational resources are also evaluated.
Team that worked on the article
Winnifred Emmanuel is a freelance financial analyst and writer with years of experience in working with financial websites and businesses. Her expertise spans various areas, including commodities, Forex, stocks, and cryptocurrency. Winnifred tailors her writing to various audiences, including beginners, while also providing useful insights for those who are already familiar with financial markets.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).