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Easiest and cheapest ways to buy crypto in Monaco
No matter where they live, people always seek the easiest and cheapest way to buy bitcoin. Buying crypto in Monaco is a bit harder than in some other countries so we have compiled a list of exchanges where Monaco citizens can buy bitcoin.
eToro
👛 Fees – Low
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP + more
eToro is a comprehensive trading platform that provides access to a range of financial instruments, such as stocks, ETFs, cryptocurrencies, and CFDs. The platform charges a transparent 1% fee for cryptocurrency transactions, with no fees for ETFs and stocks, although ETFs may have their own internal costs.
The platform is available in numerous countries, with a list of blocked countries that includes Afghanistan, Belarus, and China. eToro supports trading in over 30 cryptocurrencies in the US and nearly 80 internationally, with popular options like Bitcoin, Ethereum, and Dogecoin. A 0.1% fee is charged for crypto-to-crypto conversions. eToro’s user-friendly mobile app and social trading feature, which allows users to replicate the trades of successful traders, are notable highlights.
⚡️ Deposit fees:
Free
⚡️ Withdrawal fees:
$5
⚡️ Trading fees:
0.75 % – 4.9 % spread depending on the cryptocurrency
⚡️ Payment Methods:
15+ (MasterCard, Visa, EWallets, etc.)
⚡️ Supported fiat:
USD, EUR, GBP, and 20+ more
“Virtual Hub” feature
It is regulated
Several security measures
Easy-to-use
Few available cryptos
Scalping isn’t enabled
⚡️ Deposit fees:
Credit/Debit Card: 3.99%SEPA: €0U.S Bank Transfer: 1.49% (the US $0.15 min.)Coinbase USD wallet: 1.49%ACH Transfer USD: $0 Wire Transfer USD: $10
⚡️ Withdrawal fees:
SEPA: €0.15U.S Bank Transfer: 1.49% (US $0.15 min.) Coinbase USD wallet: 1.49%Wire Transfer USD: $25
⚡️ Trading fees:
Fees vary
⚡️ Payment Methods:
Bank Account, Debit Card, Credit Card, Wire Transfer, SEPA Transfer,
⚡️ Supported fiat:
USD, EUR, GBP, AUD, CAD, CNY & 50+ more
A variety of fiat currencies supported
Over 100 cryptocurrencies supported
A regulated and trustworthy company
Large user base and widely popular
Provides a Coinbase debit card
No future or margin trading
Higher trading fees than main competitors have (Binance for instance)
Binance
👛 Fees – Low
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, AUD, RUB
Binance was launched back in July of 2017 and very quickly became the world’s largest cryptocurrency exchange by trading volume with more than $1 billion on a daily basis.
⚡️ 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
The largest cryptocurrency platform
Various advanced services and features
Low fees and high liquidity
A large number of cryptocurrencies supported
Not fully registered
Hacked in 2019
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.
But, which bitcoin wallet is available in this country?
The safest option is a hardware wallet like Nano X but ZenGo is also a good choice, especially for newcomers.
you can buy crypto directly from it
has savings and staking account
you can buy and stake directly from the wallet
supports all major coins and blockchains
competitive price
supports a lot of coins
you can buy directly from the wallet
stake directly from the wallet
complicated to setup for newbies
Read also:
- How to Buy Bitcoin in The Gambia?
- How to Buy Bitcoin in Australia?
- How To Buy Bitcoin in The Czech Republic?
- How To Buy Bitcoin in Guyana?
Uphold
👛 Fees – Low
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, GBP, EUR + more
Uphold is a crypto exchange that has been in the game since 2015. The headquarters of the company is in NY, the US. It offers its users a multi-functional exchange of different assets, other than just buying and selling cryptocurrencies.
⚡️ Deposit fees:
Free
⚡️ Withdrawal fees:
Free
⚡️ Trading fees:
Based on spreads
⚡️ Service fees:
1% – 3%
⚡️ Payment Methods:
Debit/Credit Cards, Bank Transfer (SEPA), SWIFT, ACH Transfer, Wire Transfer, Crypto Conversion, etc.
⚡️ Supported fiat:
USD, GBP, EUR, and 15+ more
Offers a beginner-friendly interface
Various advanced features
Unique “Anything-to-anything” trading service
Low fees
It is regulated by the US laws
Customer support can be better
Various trading limitations
A less organized educational section (compared to its competitors)
Bitstamp
👛 Fees – Low
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP
Since its inception in 2011, Bitstamp has been a beacon in the cryptocurrency exchange landscape. It holds the title of the oldest crypto exchange, lauded for its reasonable pricing, steadfast service, and intuitive setup. Bitstamp’s footprint is evident in over 100 countries, albeit with potential feature restrictions in some locales. The exchange’s operations are overseen by a team of seven connoisseurs, proficient in both classical and decentralized financial ecosystems.
⚡️ Deposit fees:
0 – 5 %
⚡️ Withdrawal fees:
Sepa – 3 EUR, ACH – Free, Credit cards – 5%, International wire – 0.1%, and crypto – depends on the asset (0.0005 BTC)
⚡️ Trading fees:
0 – 0.5 %
⚡️ Payment Methods:
Credit/Debit Card, ACH Transfer, SEPA, USD Wallet, Faster Payments, and International Wire.
⚡️ Supported fiat:
USD, EUR, GBP
Competitive fees
Security and safety on a high level
The longevity on the crypto market
Suitable for all types of traders (beginners and experienced ones)
The number of coins could be higher (50)
The number of coins available for staking could be higher (2)
No advanced trading services such as staking or margin trading
Changelly
👛 Fees – Average
👛 Verification – 1 day
👛 Reputation – Trusted
👛 Supported fiat – USD, JPY
Changelly offers a platform to sell, store, and trade cryptocurrencies. As a decentralized exchange (DEX), it empowers users to trade directly from their personal wallets, eliminating the need for any intermediaries. This positions Changelly as a peer-to-peer platform, facilitating direct cryptocurrency trades between users.
Changelly was founded in 2013 in Prague, Czech Republic, by the same guys who established MinerGate, one of the largest mining pools that exist today, so it’s a reliable company. Within a year Changelly has managed to attract over 100,000 users, which is really impressive. Changelly reached the 1,000,000 users milestone in April 2017, which shows how popular this cryptocurrency exchange website is becoming in such a short span of time.
Features of Changelly:
Diverse Cryptocurrency Selection: Changelly boasts support for over 1,500 cryptocurrencies, encompassing popular ones like Bitcoin, Ethereum, and Litecoin.
Wallet-to-Wallet Trading: The platform allows users to trade directly from their individual wallets, ensuring a secure and transparent trading experience without the involvement of third parties.
Instant Exchange: Changelly offers real-time exchanges between various cryptocurrencies. It employs a sophisticated algorithm to ascertain the most favorable exchange rate for every transaction.
Intuitive User Interface: Designed with user experience in mind, Changelly’s interface is straightforward and easy to use. It offers comprehensive details about each transaction, including its status, the amount involved, and the executed rate.
⚡️ Deposit fees:
Changelly does not have set fees due to the volatility of cryptocurrencies
⚡️ Withdrawal fees:
None
⚡️ Trading fees:
0.25%
⚡️ Payment Methods:
Debit Card, Credit Card
⚡️ Supported fiat:
USD, EUR, GBP
Wide range of cryptocurrencies
Low crypto-to-crypto exchange fees
Easy to use
Not regulated in the U.S.
High fiat-to-crypto rates
Limited payment options
Paybis
👛 Trading Fees – Average
👛 Verification – 1 day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, and more
Paybis is a cryptocurrency exchange based in Scotland and in the UK. It was launched back in 2014 so it has longevity on the crypto market. The exchange has offices in Glasgow, as well as in Riga, Latvia.
⚡️ Deposit fees:
Free (there is a transaction fee – 2.49%)
⚡️ Withdrawal fees:
Free
⚡️ Trading fees:
0.99 – 2.49 %
⚡️ Payment Methods:
Bank Transfer, Credit/Debit Card, Skrill, and Neteller.
⚡️ Supported fiat:
USD, EUR, GBP, and 40+ more
A lot of payment methods and fiat currencies supported
It is regulated
The longevity of the crypto market
Easy-to-use interface
The number of supported cryptocurrencies could be higher
No advanced trading features
⚡️ Deposit fees:
Depending on the membership
⚡️ Withdrawal fees:
0.00021 BTC
⚡️ Trading fees:
2.5%
⚡️ Payment Methods:
Credit Card, Debit Card, Bank Transfer, Bank Transfer (SEPA), Swish Handelsbanken Direkt, Bankgirot iDEAL
⚡️ Supported fiat:
SEK, NOK, DKK, GBP, CZK, CHF, HUF, EUR
Helpful Interface
Regulated exchange
No hidden fees
Allows fiat currency trading.
Requires KYC verification
It supports only Bitcoin
Coinmama
👛 Fees – High
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, CAD, AUD
Coinmama is one of the oldest centralized cryptocurrency exchanges on the market. It was founded in Israel in 2013. Today, Coinmama’s head office is in Dublin, Ireland. Using this crypto exchange, you can easily and quickly buy and sell 10 different cryptocurrencies.
⚡️ Deposit fees:
0 – 5 %
⚡️ Withdrawal fees:
None
⚡️ Trading fees:
2.9 – 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
150+ countries supported
Mobile App (iOS and Android)
Various payment methods
Quick verification process
Fees above the industry average
Only 10 cryptocurrencies
No wallet or trading options, just purchases or sells
Luno
👛 Fees – Average
👛 Verification – 2-3 days
👛 Reputation – Trusted
👛 Supported fiat – EUR, IDR, MYR, NGN, ZAR, ZMW, USD
Previously known as BitX, Luno was founded in 2013 in South Africa.
⚡️ Deposit fees:
Fees vary by currency
⚡️ Withdrawal fees:
Fees vary by payment method
⚡️ Trading fees:
0.20%
⚡️ Payment Methods:
Bank Transfer (SEPA), Credit Card, Debit Card, Cash Electronic Funds Transfer, Interbank GIRO, Interbank Funds Transfer, SEPA
⚡️ Supported fiat:
EUR, IDR, MYR, NGN, ZAR, ZMW, USD
Beginner-friendly crypto trading
Offers interest on crypto savings
Secure storage
Not available for U.S. customers
Small selection of cryptocurrencies
Crypto.com
👛 Fees – Medium
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, CAD, and 10+ more
Crypto.com, headquartered in Singapore, offers services like an app, exchange, wallet, and NFT marketplace. It supports over 250 cryptocurrencies, enabling users to transact in various digital assets.
Originally founded in 2016 in Hong Kong as “Monaco” by Bobby Bao, Gary Or, Kris Marszalek, and Rafael Melo, it rebranded to Crypto.com in 2018 after acquiring a domain from cryptography expert Matt Blaze. The company is a subsidiary of Foris DAX MT (Malta) Limited.
By June 2023, Crypto.com boasted 80 million customers and a workforce of 4,000.
Features:
Cryptocurrency Trading: The platform allows users to trade numerous cryptocurrencies and offers staking options.
Crypto Wallet: Users can securely store their digital assets. In 2022, they introduced support for the Ledger wallet.
Crypto.com Pay: A credit card service facilitating payments in cryptocurrencies.
NFT Marketplace: A space for trading NFTs.
Trading Services: Includes margin and derivatives trading.
⚡️ Deposit fees:
Free
⚡️ Withdrawal fees:
Vary from coin to coin
⚡️ Trading fees:
0.04% – 0.2 %
⚡️ Payment Methods:
Credit card, Cryptocurrency, PayPal, Wise, SEPA
⚡️ Supported fiat:
USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY, ZAR, and more
An extensive list of supported cryptocurrencies
Transparent, competitive fees with discounts available
Support for an ecosystem of cryptocurrency products
Higher fees unless you hold and use CRO
Poor customer support
Trading fee discounts can be confusing to navigate
Frequently asked questions about buying Bitcoin in Monaco
You can buy Bitcoin in Monaco on any of the exchanges mentioned in this article.
The Monaco (MCO) cryptocurrency is a payment platform that rebranded itself as Crypto.com back in 2018. It offers blockchain-based debit cards and a mobile wallet application. It is essentially a token for blockchain-based payment applications and trades under the symbol MCO.