Best Crypto Exchange in Romania 2023

With the widespread adoption of cryptocurrencies worldwide, Romania is emerging as a growing cryptocurrency market. More than 423,000 people, or 2.20% of the population of Romania currently trade in the crypto markets. 

In this guide, we will look to analyse and review some of the best crypto exchanges in Romania for 2023. We will compare the best cryptocurrency exchanges in Romania based on the level of trading fees, available cryptocurrencies, payment methods and more metrics. 

The Top Bitcoin Exchanges in Romania Reviewed 

While choosing the top crypto exchanges in Romania, users may want to compare and review the available platforms on several metrics. Pricing structures, payment options, available cryptocurrencies and additional features are some factors that can help make this comparison. 

In the sections below, we review 8 of the biggest crypto exchanges in Romania for 2023.

1. eToro – Best Cryptocurrency Exchange in Romania 

After evaluating and researching the available options, we recommend eToro as the best cryptocurrency exchange in Romania. First, eToro is a global brokerage registered by top-tier regulatory bodies, including the FINRA, CySEC and ASIC. 

With more than 27 million users that actively trade from more than 140 countries, eToro supports the buying and selling more than 70 cryptocurrencies, including Bitcoin, Ethereum and Solana. 

New investors may find the platform suitable due to the intuitive web-based platform and mobile app that allows users to interact with each other and even copy trades with the ‘CopyTrade’ tool. 

As the name suggests, this feature allows users to replicate the trades of the most-skilled investors on the platform by reviewing their past performances and overall earnings. Furthermore, eToro has multiple ‘CryptoPortfolios’, which give users access to multiple crypto assets under the same roof. 

To begin trading on eToro, users in Romania need to make a $50 investment. This can be done with multiple payment methods, including Credit/Debit cards, bank transfers, PayPal, Neteller and Skrill. 

Notably, eToro only charges 1% while buying and selling crypto assets, along with a standard bid/ask spread. 

eToro also offers a crypto money wallet, a secure digital wallet since users have complete access to their funds with a private key. 

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

2. Crypto.com – One-Stop-Shop for multiple crypto activities

Founded in 2016, Crypto.com is a one-stop-shop to facilitate users with all their cryptocurrency needs.

Firstly, Crypto.com is one of the biggest crypto exchanges, catering to more than 50 million users by providing more than 250 tradable crypto assets. Along with buying and selling options, the Crypto.com platform allows users to stake their assets and earn interests as high as 14.5% annually. 

Furthermore, this platform supports the trade of its own native token – CRO coins. By holding CRO, users can earn 2% more interest on their staking and trade at a discounted rate. While the platform usually charges a maker/taker fee of 0.40% per transaction, this can be reduced by 10% further by holding a certain amount of CRO. 

Additionally, Crypto.com provides a prepaid VISA card, which allows investors to earn cashback between 1% to 8% while trading crypto assets. To purchase cryptocurrencies, users can use Credit/Debit cards and pay a per-transaction cost of 2.99%. 

Another feature Crypto.com offers is an NFT marketplace to trade unique digital assets. While there are no fees while purchasing NFTs, Crypto.com does charge a 1.99% commission while reselling. 

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

3. BitStamp – Advanced Trading Platform for Trading Cryptos

With more than 4 million active traders, BitStamp is one of the top crypto exchanges in Romania. For traders looking for a cryptocurrency exchange that provides multiple advanced tools and features, BitStamp may be a suitable option. 

With BitStamp’s active trading platform, TradeView, users can access real-time insights into the cryptocurrency markets to regulate their trades using multiple order types. Traders may deploy their own algorithmic patterns on TradeView, supported by the high-performing APIs on the platform. 

 The exchange provides a reasonable pricing structure, charging a fee of 0.50% on all transactions when the 30-day trading volume is below $10,000. The fee decreases as the trading volume go up. 

For users looking to diversify their assets, BitStamp offers multiple NFT and metaverse-based tokens including SAND and Axie Infinity.

BitStamp also prioritises security on the platform, having developed a robust data encryption software to secure users’ assets. Furthermore, the exchange provides a dedicated account manager and 24/7 support to deal with customer enquiries and issues.

However, the platform does charge an 8% fee on credit card transactions, which is higher than the industry average.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

4. Coinbase – Crypto Exchange for Beginners & Advanced Traders

With the Coinbase web interface and mobile app, users can get access to one of the biggest crypto exchanges in Romania. This top cryptocurrency exchange is available in two features. 

First is the normal Coinbase platform, which supports 100 + cryptocurrencies on its intuitive user interface. Users can purchase digital assets by paying a fee of 1.49% per trade and may need to pay a different fee per payment method. 

For example, payment with credit/debit cards costs a further 3.99% fee per transaction. Furthermore, investors will also need to pay a maker/taker fee, beginning at 0.50% per transaction. 

On the other hand is Coinbase Pro, the advanced trading platform which lets users invest in 250 + crypto assets. With Coinbase Pro, users are not required to pay any additional fees on credit card transactions. 

Thus, this platform comes in handy for new investors and advanced traders. Furthermore, users can access the Coinbase Card, a VISA-branded debit card. This lets users directly spend cryptocurrencies with any merchant that supports VISA globally. 

Finally, Coinbase stores 98% of all user-owned assets in cold storage, meaning it is stored offline and safe from online hacking. 

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

5. Binance – Earn 7% APY on Bitcoin 

The largest crypto exchange in terms of trading volume, Binance is one of Romania’s biggest crypto & Bitcoin exchanges.

Binance Earn is an interesting feature that allows users to earn interest by staking crypto assets on the platform. For example, users can stake Bitcoin to earn up to 7% APY with Binance. More than 2 million users stake on Binance Earn, with more than $50 million in rewards being paid out monthly. 

Binance supports over 160 cryptocurrencies on Binance Earn, while users can buy, sell and trade more than 600 cryptocurrencies on this crypto exchange. 

Another reason for Binance’s popularity is its low trading fees, beginning at only 0.1% per transaction. Furthermore, investors can earn a 25% reduction by holding a certain number of BNB tokens – the platform’s native token. 

Notably, advanced traders have the opportunity to apply leverage on crypto trades with Binance. This allows investors to trade on future price movements, but also attracts a high level of risk to the trades.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

6. BitPanda – Buy cryptocurrencies with multiple payment methods

Launched in 2014, BitPanda is a popular crypto exchange that allows users to invest in cryptocurrencies along with metals, ETFs and stocks. 

With BitPanda, users can begin investing in cryptocurrency trades with as little as  €1 using the platform’s web application or mobile app. The exchange also supports payment in multiple methods, including MasterCard, Neteller and VISA, to name a few. 

While researching the platform, we noticed that BitPanda is not completely transparent with its pricing structure. While users are required to pay a 1.49% for purchasing and selling crypto assets, there may be further hidden costs that will be directly added during the transaction. 

Regarding available assets, users can trade 6 cryptocurrencies, including Bitcoin and Ethereum.

Additionally, BitPanda allows users to invest and stake in BEST (BitPanda Ecosystem Token) – the native token of the exchange. Users can earn up to 15% interest annually by staking BEST tokens. 

7. Bitcoin Romania – Best Bitcoin Exchange in Romania 

Launched in 2014, Bitcoin Romania is the largest crypto exchange in Romania. The platform supports the purchasing and selling of more than 10 crypto assets, including BTC, ETH and LTC. 

Notably, users in Romania can use Bitcoin Romania can directly deposit their assets with RON (Romanian Leu) via a bank transfer. When purchasing online with this platform, users must pay a fee of 1% per transaction. 

Furthermore, with Bitcoin Romania, BTC can be bought with Bitcoin ATMs in the country, with a 2.5% fee on cash purchases. Finally, Bitcoin can be purchased at more than 800 ZebraPay terminals across the country. 

These terminals charge a 4% fee per transaction, allowing users to trade RON for BTC. 

Bitcoin Romania also offers the PRO platform, allowing users to exchange crypto assets with fiat currencies and access PRO ATMs. With PRO ATMs, RON can be withdrawn and deposited with the available terminals and ATMs in the Bitcoin Romania network.

Furthermore, users pay a lesser fee of 0.25% with the PRO platform. 

8. CoinSmart – Begin Trading Cryptocurrencies Instantly 

Launched in 2018, CoinSmart is a Canada-based crypto exchange that supports trading in Bitcoin and more than 15 other digital assets. 

With CoinSmart, users can be assured some of the industry’s fastest deposit and withdrawal times. The platform adds user balances on the same day and guarantees all cash withdrawals will be processed within 5 working days. 

Furthermore, users can begin trading after completing a KYC process, confirmed on the same day of completion. CoinSmart supports deposits with wire transfers, bank drafts, cryptocurrencies and credit/debit cards. However, credit and debit card transactions cost 6% per transaction. 

The platform charges a low trading fee of 0.2% per transaction and narrow spreads on trades of around 0.3% per transaction. 

The platform is a registered money services business with FINTRAC and is also an official member of the anti-money laundering group, TRUST. 

CoinSmart stores 95% of all assets in cold storage, which have been insured for up to $100 million. 

The Best Romania Crypto Exchanges Compared

In the table below, we will provide users with a side-by-side comparison of the fees, pricing structured and tradable cryptos available for the best Romanian crypto exchanges in 2023. 

How to Choose the Best Romania Cryptocurrency Exchange for You

Before you decide to buy Bitcoin or invest in other cryptocurrencies, users can review the available options by comparing each crypto exchange on a range of factors. 

The sections below look at all the factors to consider while choosing the best cryptocurrency exchange in Romania. 

Regulation

When users are looking for the best crypto exchanges in Romania, it may be preferable to begin trading with a regulated exchange which abides by strict & stringent policies to safeguard the platform for users. 

eToro is a crypto exchange registered with multiple global regulatory bodies, including CySEC, ASIC, FCA and FINRA. 

Tradable Cryptos 

While comparing the available cryptos on a platform, users will notice a big difference in the available digital assets in the region. Regarding volume, Binance is one of the top crypto exchanges in Romania, allowing users to trade more than 600 digital assets on the platform. 

Furthermore, the exchange provides staking and interest-earning features on popular cryptos like Bitcoin and Ethereum.

Sign-up offers

Some of the best Romania crypto exchanges attract users by providing various bonuses and sign-up offers when joining the platform. 

For example, users have the opportunity to earn $5 worth of Bitcoin when signing up with Coinbase and adding a payment method on the trading platform. Other platforms like Crypto.com also allow users to make $25 by referring new users on the platform and signing up for a Crypto.com VISA card. 

Fees

Cryptocurrency exchanges offer differing fees and trading prices on their platforms. Along with the cost of fees, users may want to look at the pricing structure to get a good idea of the different fees the platform charges.

eToro charges a simple 1% commission on all crypto trades and a bid/ask spread, which is added when conducting the transaction.  

Tools & Features

When searching for the best crypto exchange Romania, users may want to take a thorough look at the available tools & features on the platform. For example, Coinbase provides a standard account and a Pro platform for advanced traders. 

BitStamp is also popular for its advanced trading platform, TradeView, which comes with complex charting patterns and multiple API keys on the software. 

Payment methods

The best cryptocurrency exchanges will provide a wide variety of payment methods on their exchange. Furthermore, users in Romania might also want to analyse exchanges that support RON as a fiat currency. 

For example, Bitcoin Romania allows users to deposit cash with RON, the local currency of Romania. 

Customer service

A key factor that can be important while choosing the best cryptocurrency exchange in Romania is customer support. Users can review and analyse customer reviews to see which platform caters to their client’s interests. 

Many platforms also provide 24/7 customer support via email and chat to cater to users’ needs and queries. 

How to Use a Romanian Crypto Exchange 

If users are looking to start investing with the top crypto exchanges in Romania, the next step will be to open an account and begin trading. 

In the sections below, we provide a step-by-step guide on how to start trading with eToro – the best crypto exchange in Romania. 

Step 1: Open an Account

Users can begin their investing process by opening an account on the eToro platform – available on the desktop interface and mobile apps via Android and iOS. You can find a link to download the eToro app on the website.

Traders must complete the registration process by entering important details, including their full name, date of birth, phone number and email address. 

Finally, a username and password must be created. 

Step 2: Upload ID

Since eToro is a regulated brokerage, every user must complete a mandatory verification process by uploading two documents. 

Firstly, a valid photo ID needs to be added to eToro. This can be a passport copy or a Diver’s license. 

Next, users need to provide a proof of address document. A bank statement or a utility bill can be provided. 

Once the account has been verified, users can move on to the next step. 

Step 3: Deposit Funds

A minimum deposit of $50 must be made on the eToro trading platform to begin investing in more than 70 cryptocurrencies. Users can do so with payment methods including Debit/Credit cards, bank transfers or with e-wallets like PayPal or Skrill. 

Users can choose their preferred payment method and begin trading with $50. 

Step 4: Search & Purchase Cryptocurrencies on eToro

Once the money has been deposited, the next step is to search for a crypto asset on the eToro search bar. Simply type in the name of the crypto asset and click on the “Trade” button that appears right below the search bar. 

Users can now fill in their buy orders. Trades need to insert the amount they wish to enter in the trade and press “Open Trade” to confirm the transaction. 

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Are Crypto Exchanges Legal in Romania?

Until 2020, there has been a lot of uncertainty and confusion regarding the legality of crypto assets in Romania. However, a Government Emergency Ordinance (GEO) update was made on Romania’s fifth money laundering directive on July 15, 2020.

The report states that all assets that fit under the definition of virtual currencies and all exchanges that support the trading of crypto assets and digital wallets are legal in the country. 

However, the cryptocurrency exchanges trading in the region must be registered or authorised by the Romanian National Authorities. The law forbids carrying out any crypto-related activities by exchanges not regulated by this body. 

Therefore, these updates benefit Romanian users since they can conduct cryptocurrency trades and invest in the market with a regulated provider. 

Crypto Tax in Romania

With an amendment in the Romanian fifth money laundering directive, a change was also made to tax laws in Romania. 

According to the Romanian fiscal code, digital assets like Bitcoin and other tokens are considered income from other sources, making them subject to income tax. 

However, only the earnings or profits are to be taxed in Romania. Furthermore, any profits of RON 200 ($42) or below do not need to be declared. 

The tax subject on users is fit at a rate of 10%. This is a competitive number for users since a 10% tax is lower than many other European countries allowing digital asset trading. 

Conclusion

This guide has provided a detailed review of 8 of the best crypto exchanges in Romania. We have compared some of the top crypto exchanges based on their trading fees, available cryptos, regulations, low fees and more. 

After analysing the different platforms, we recommend eToro as the best crypto exchange to buy cryptocurrency in Romania. eToro offers a low trading fee on all assets and supports the trade of more than 70 digital assets, starting at $50. 

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

FAQs