How To Buy Bitcoin in Albania?
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Easiest and cheapest ways to buy crypto in Albania
No matter where they live, people always seek the easiest and cheapest way to buy bitcoin. Buying crypto in Albania is a bit harder than in some other countries so we have compiled a list of exchanges where Albanians can buy bitcoin.
Bitstamp
Fees β Low
Verification β 1 Day
Reputation β Trusted
Supported fiat β USD, EUR, GBP
Bitstamp is a crypto exchange launched in 2011, which makes it one of the oldest European exchange platforms. While European citizens have certain benefits from using the platform, Bitstamp has users worldwide. Today, Bitstamp is available in more than 180 countries around the world.
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Deposit fees:
0 β 5 %
Withdrawal fees:
Sepa β 3 EUR, ACH β Free, Credit cards β 5%, International wire β 0.1%, and crypto β depends on the asset (0.0005 BTC)
Trading fees:
0 β 0.5 %
Payment Methods:
Credit/Debit Card, ACH Transfer, SEPA, USD Wallet, Faster Payments, and International Wire.
Supported fiat:
USD, EUR, GBP
Β A simple interface where you can buy crypto with just a few clicks
Β Dedicated Customer Support
Β Competitive fees
Easy-to-use
Hacked in 2015
No margin or leverage trading
The staking program has restrictions
Binance
Fees β Low
Verification β 1 Day
Reputation β Trusted
Supported fiat β USD, EUR, GBP, AUD, RUB
Binance is widely considered the largest cryptocurrency exchange in the world. It was launched in July of 2017 and in a short period of time became the exchange with the largest trading volume with more than $1 billion on a daily basis.
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Deposit fees:
Free
Withdrawal fees:
Vary from crypto to crypto
Trading fees:
0.1%
Payment Methods:
Debit Card, Credit Card, SWIFT, Bank Transfer (SEPA), and more
Supported fiat:
USD, EUR, GBP, AUD, RUB, and 15+ more
Β High liquidity
Β It supports a large number of crypto assets
Β Widely considered the largest crypto platform
Various advanced features and services
One of the lowest fees among top exchanges
Not available in the US
Not fully registered
Hacked in 2019
Cex.io
Fees β High
Verification β 1 Day
Reputation β Trusted
Supported fiat β USD, EUR, GBP, RUB
Cex.io is one of the crypto exchanges that has been around the longest, since 2013. At first, it started only as a Bitcoin exchange and cloud mining provider, but we can now safely say Cex.io is a g global crypto platform that has over 4 million users. The reputation of the exchange seems to be very high, mainly due to its longevity on the crypto market.
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margin trading, staking as a service, crypto loans, and savings accounts. CEX is authorized as an MSB by FinCEN and has a Level 2 PCI DSS data security clearance. The exchange shows due diligence for storage, processing, and transmission of payment cards data.
Deposit fees:
Β 0 β 3.99 %
Withdrawal fees:
0 β 3 %
Trading fees:
0 β 0.25 %
Payment Methods:
Credit Card, Bank transfer, ACH, Epay, Skrill, SEPA, Faster Payments
Supported fiat:
USD, EUR, GBP, RUB
Β Well-established and highly appreciated
Β It has been around for a very long time
Β Over 4 million users
Advanced trading features
Extensive Verification Process
Lower liquidity when compared to main competitors
Best Bitcoin Wallets in Albania
It is never a good idea to keep your coins on an exchange as that exposes you to numerous risks (exchange hacks, fund freezes by the exchange or some government regulatory body, etc). That is why you should use one of the wallets we list below to store your digital assets. The safest option is a hardware wallet like Nano X but ZenGo is also a good choice, especially for newcomers.
ZenGoΒ is an easy iOS/Android Bitcoin & cryptocurrency wallet. Getting started takes less than 20 seconds.
extremely safe as it uses biometrics for security
you can buy crypto directly from it
has savings and staking account
No major flaws
ElectrumΒ is one of the oldest and most popular desktop multi-currency wallets which is compatible with Windows, Mac, and Linux
One of the oldest wallets in the market
you can buy and stake directly from the wallet
supports all major coins and blockchains
Not completely open source
Ledger Nano XΒ is a leading and most secure cold storage wallet that connects to your device via Bluetooth.
Safest wallet in the market
competitive price
supports a lot of coins
you can buy directly from the wallet
stake directly from the wallet
Small display
complicated to setup for newbies
Read also:
- How To Buy Bitcoin in Qatar?
- How To Buy Bitcoin in Nepal?
- How To Buy Bitcoin in Kuwait?
- How To Buy Bitcoin in Zimbabwe?
Paxful
Fees β Low
Verification β 1 Day
Reputation β Trusted
Supported fiat β USD, EUR, GBP, CAD, AUD
Paxful is a cryptocurrency exchange platform that has operated since 2015, with its headquarters in New York, United States. As of now, Paxful is one of the longest operating P2P Bitcoin crypto exchanges.
More info +
Deposit fees:
Free
Withdrawal fees:
0.5% β 5%
Trading fees:
No buyer fee, seller fee varies from 0.5% to 5%
Payment Methods:
Over 350 payment methods are available
Supported fiat:
USD, EUR, GBP, CAD, AUD, and many more
Β 350+ Payment Methods
Β Good customer support
Straightforward and easy to use
High exchange rates
A lot of scammers
Coinmama
Fees β High
Verification β 1 Day
Reputation β Trusted
Supported fiat β USD, EUR, GBP, CAD, AUD
Coinamma is one of the oldest cryptocurrency exchanges since it was launched back in 2013. The headquarters of the company is in Slovakia and its founders are Laurence Newman, Nimrod Gruber, and Ilan Schuster.
More info +
Deposit fees:
0 β 5 %
Withdrawal fees:
None
Trading fees:
2.9 β 3.9 %
Payment Methods:
Bank Transfer (SEPA), SWIFT, Fedwire, Bank cards, Open Banking, Google Pay, Apple Pay, Skrill
Supported fiat:
USD, EUR, GBP, CAD, AUD
Β Simple, user-friendly interface
Β Various ways to deposit such as bank transfers or via credit card
Β Suitable for beginners
No withdrawal fee
Available in almost all countries
No mobile app and no staking
No phone number for customer support
Kraken
Fees β Average
Verification β 2-3 Days
Reputation β Trusted
Supported fiat β USD, EUR, GBP, JPY, CAD
Kraken is one of the largest cryptocurrency exchanges. It has been around for a very long time since it was launched back in 2011. In fact, Kraken is a part of crypto exchanges βbig threeβ alongside Binance and Coinbase. It has millions of users around the world with strategic investors and the international market behind it.
More info +
Deposit fees:
EUR SEPA Deposit (Free) β EEA countries only USD Bank Wire Deposit ($5 USD) β US onlyEUR Bank Wire Deposit (β¬10) β outside the US only USD Bank Wire Deposit ($10 USD) β outside US onlyJPY Bank deposit (Free, Β₯5,000 deposit minimum) β Japan-only USD, Wire Deposit (Free)
Withdrawal fees:
Cryptocurrency: Fees vary, SEPA Withdrawal (β¬0.09) β EEA countries only USD Bank Wire Withdrawal ($5 USD) β US only USD Bank Wire Withdrawal ($60 USD) β outside US onlyEUR Bank Wire Withdrawal (β¬60) β outside US onlyJPY Bank withdrawal (Β₯20) β Japan onlyCAD EFT Withdrawal ($10 CAD)
Trading fees:
Maker: 0.16% Taker: 0.28%
Payment Methods:
Fedwire, Bank Transfer (SEPA), SWIFT, Wire Transfer, Etana Custody, Silvergate Exchange Network (SEN), FPS, CHAPS, and BACS, PayID, Osko
Supported fiat:
USD, EUR, GBP, JPY, CAD
Β Advanced trading and staking features
Β It has been active on the crypto market for a very long time
Β It has a good reputation
Advanced trading and staking services
Fees are fairly high
No derivates or futures trading
Frequently asked questions about buying Bitcoin in Albania
Yes, you can buy Bitcoin in Albania on some of the exchanges mentioned in this article.
On May 20, 2020, Law no. 66/2020 βOn financial markets based on distributed registry technologyβ, otherwise known as the βlaw on cryptocurrencyβ, has madeΒ AlbaniaΒ the 3rd country in Europe for the official legalization of cryptocurrency.
Albania is one of the few countries that has aΒ dedicated law for regulating cryptocurrency and blockchain technology.
Kraken offers our full services to clients living inΒ Albania.
Mining activity may be carried out byΒ any legal entity, established and registered in Albania, being a holder of a mining exploitation permit. Such permit is granted for a period of 25 years, renewable for an additional period of 10 years following the request of the holder of the permit.
Unfortunately,Β there is no bitcoin ATM we know of in Albania. You can check the full list of countries with currently known bitcoin ATM installations.
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Cryptocurrency