Here’s our detailed review outlining what the five best crypto exchanges in Romania are. Learn about the top platforms and compare their fees, features, security, customer support options, and more.
Summary of 5 Best Crypto Exchanges in Romania
In Romania, experts advise opting for exchanges regulated by the Romanian Financial Supervisory Authority (ASF) for purchasing and trading Bitcoin and other cryptocurrencies. By utilizing bank transfers, card payments, or e-wallets to deposit Romanian Leu (RON), individuals can legally buy, stake, and trade digital assets.
For novices embarking on their crypto adventures in Romania, we’ve assessed the top 5 trading platforms prevalent in the region:
- eToro – Best Overall Crypto Exchange in Romania
- Crypto.com – Best for Security Measures
- Coinbase – Ideal for Newbies [Easiest to Use]
- Kraken – Top Choice for Institutional Investors
- Gemini – The Cheapest Exchange
eToro Overview
Rated as the premier crypto exchange in Romania, eToro is known for its user-friendly interface, copy trading features, and extensive educational resources making it ideal for beginner investors.
- Supports trading of 60+ cryptocurrencies including Bitcoin, Ethereum, and Cardano
- Minimum deposit is $100
- Regulated by the Cyprus Securities and Exchange Commission (CySEC)
- Trading fees of 1%
- Offers staking rewards up to 7.5%
- Provides crypto wallet and debit card services
Key Metrics
- Over 27 million registered users globally
- More than $1 billion assets under management
- Available in over 100 countries including Romania
- Over 140 cryptocurrency pairs offered
- Copy trading feature allows following pro traders
Crypto.com Overview
Emerging as the security-focused crypto trading platform, Crypto.com is popular for its crypto wallet, NFT marketplace, debit cards, and extensive selection of over 250 coins and tokens.
- Minimum deposit is 20 EUR
- Licensed by the Malta Financial Services Authority (MFSA)
- Spot and margin trading fees range from 0.075% to 0.05%
- Supports staking with up to 14.5% APY
- Offers crypto-backed Visa cards with up to 8% cashback
Key Metrics
- More than 70 million users worldwide
- Staking rewards of over $1 billion paid
- $10 billion+ in transactions made with Crypto.com Visa cards
- Over 250 coins and 90 fiat currencies supported
- 24/7 customer support via chat, email and social media
Coinbase Overview
Founded in 2012, Coinbase is one of the largest crypto exchanges globally with over 89 million verified users. It stands out with its beginner-friendly platform, extensive educational content, and focus on security and compliance.
- Supports trading 250+ cryptos including Bitcoin, Ethereum, Solana
- Regulated in Ireland by the Central Bank
- Trading fees range from 0.50% to 1.50%
- FDIC insurance protects USD balances up to $250,000
- Offers staking rewards on supported coins
Key Metrics
- $547 billion in crypto assets traded
- 73 million verified users
- Over 100 countries supported including Romania
- USD 10 billion in quarterly trading volume
- Over 250 educational guides on crypto
Kraken Overview
Operating since 2011, Kraken is a reputable exchange known for low fees, high liquidity, and strict security protocols catering to institutional investors.
- Provides access to over 100 cryptocurrencies
- Minimum deposit starts from 1 EUR
- Regulated in the EU by the Financial Conduct Authority (FCA)
- Maker fees range from 0% to 0.16%, taker fees 0% to 0.26%
- Supports staking rewards up to 21% APY
Key Metrics
- 8th largest exchange by trading volume globally
- Bank-grade encryption and multi-signature wallets
- 24/7 live chat support
- Over 8 million clients served
- Has not suffered any major security breach
Gemini Overview
A New York-based exchange founded in 2014, Gemini prioritizes regulatory compliance, security, and product diversity. It stands out with the Gemini dollar stablecoin, crypto rewards card, and institutional-grade custody solutions.
- Supports over 100 cryptocurrencies including stablecoins
- No minimum deposit amount
- Regulated in Ireland by the Central Bank as an e-money institution
- Trading fees range from €0.75 to €2.25
- Offers up to 8% APY on supported coins
Key Metrics
- Over $300 billion in transactions made
- Fully backed by FDIC-insured USD accounts
- Available to over 45 states in the United States and 31 countries
- Supports API integration for trading bots and apps
- Over 13 million registered users
How to Purchase Cryptocurrencies in Romania
For beginners aiming to invest in digital currencies within Romania, adhere to this detailed, step-by-step guide for secure transactions:
- Select a reliable exchange: Choose an ASF-approved platform, as highlighted in our guide.
- Registration: Use your email for registration, establish a strong password, and complete any necessary KYC procedures.
- Deposit RON: Fund your account using domestic bank transfers, card payments, or e-wallets.
- Buy Crypto: Select the desired cryptocurrency and quantity, then confirm the purchase.
- Secure Your Assets: Transfer your digital currencies to a secure crypto wallet to enhance security.
Legality and Regulation of Crypto Investing in Romania
Is Crypto Legal in Romania?
Yes, cryptocurrency is currently legal in Romania. The trading and investing in digital coins like Bitcoin, Ethereum etc. is allowed. However, Romania does not have a specific regulatory framework for governing cryptocurrencies yet. The Romanian Financial Supervisory Authority monitors crypto transactions from an anti-money laundering perspective currently.
How is Crypto Taxed in Romania?
In Romania, any profits generated from cryptocurrency trading or investments are liable for a 10% tax. This includes exchanging crypto for fiat money, exchanging one digital coin for another, earning staking rewards, mining incomes etc.
Conclusion
To conclude, we have reviewed the 5 best crypto exchanges in Romania currently considering important metrics like fees, security, ease of use and regulation. With proper due diligence and platform choice, both new and experienced Romanian investors can securely buy, sell and manage cryptocurrencies. However, investing in crypto assets still involves high risk, so educating yourself and using reliable platforms is key.
FAQs
Is cryptocurrency legal in Romania?
Yes, cryptocurrency is legal in Romania. However, there are currently no specific regulations governing cryptocurrencies. Crypto exchanges operating in Romania need to comply with anti-money laundering and know your customer protocols.
What are the most popular cryptocurrencies traded in Romania?
The most popular cryptocurrencies traded on Romanian crypto exchanges are Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Cardano (ADA) and Polkadot (DOT).
Which exchange has the lowest fees for buying crypto in Romania?
Based on the crypto exchanges discussed, Gemini offers some of the lowest trading fees in Romania. Maker and taker fees on Gemini range from 0.35% to 0.25%.
