How to Buy Bitcoin in Hungary

Hungary is a popular destination for people looking to buy Bitcoin. There are several exchanges that allow Hungarian citizens to purchase cryptocurrencies, but most require identity verification.

Purchasing cryptocurrency on an exchange is relatively easy, but it’s best to withdraw your coins to your own personal hardware wallet for maximum security.

1. Cryptocurrency exchange Coinbase

If you’re looking to buy bitcoin in Hungary, Coinbase is a great choice. They have a variety of features that make it easy to navigate and get started.

They also offer 24/7 customer support through phone, email and live chat. The team is dedicated to ensuring that you have a great experience using their service.

The team is highly trained and can help you with all of your questions and concerns. They can also help you find a local crypto ATM.

2. Cryptocurrency exchange LocalBitcoins

LocalBitcoins is a peer-to-peer exchange that allows you to buy or sell Bitcoin. The platform also has an escrow service that ensures the security of your purchase.

You can use its search tool to find trades that fit your needs and preferences. Its search filters allow you to see all of the seller’s conditions, ratings, completed transactions, an average speed of escrow release and other important information.

Its native reputation system helps to screen out bogus buyers and sellers. It shows a percentage score on a user’s public profile to inform other users of their past trustworthiness.

In addition, it has an optional two-factor authentication (also known as 2FA) that requires you to enter an additional PIN code sent to your mobile phone whenever you log into your account. This is an extra measure that can prevent people from hacking into your account.

3. Cryptocurrency exchange Bitpanda

Bitpanda is Europe’s leading retail broker for buying and selling digital assets. Founded in 2014 by Eric Demuth, Paul Klanschek and Christian Trummer, it currently has over 3 million users and 600 team members.

The exchange has a simple, intuitive user interface and offers a wide range of trading options for beginners and professionals. It also provides a number of tools for investing in stocks, cryptocurrencies and ETFs.

To get started with Bitpanda, sign up with your full name, email address, country of residence and password. Then upload identification documents to verify your identity.

You can buy bitcoin on Bitpanda using a fiat currency method, such as credit card or a bank transfer. However, these methods can take up to three working days before funds appear in your account.

4. Cryptocurrency exchange Etoro

If you’re interested in trading cryptos, eToro is one of the best brokers. It offers a wide range of cryptocurrencies, compared to some rivals that only offer a few of the most popular digital currencies.

The eToro platform also features an online learning center with dozens of videos and articles that cover a variety of trading topics. You can also use the virtual portfolio feature to practice investing before making a real investment.

eToro is a great choice for beginners because it has a lot of unique features. For example, it has a social trading feature that lets you follow and comment on other users’ trading strategies. It also has a CopyTrader tool that allows you to replicate the portfolios of top traders on the platform.

5. Cryptocurrency exchange Bybit

If you’re looking to buy bitcoin in Hungary, Bybit  is an exchange that you can use. This platform is safe and secure and allows users to trade a variety of cryptocurrencies.

Bybit offers a range of advanced tools and features to help traders make smarter trading decisions. They also have a robust order-matching engine that can execute a minimum of 100,000 transactions per second.

This is good news for traders as it means that orders are processed much faster. It also helps to reduce the risk of slippage and trading errors.

Bybit is an exchange that offers several perks to its customers including zero fees on spot trading and a VIP program for high monthly trade volumes. It is also known for its support and customer service. They have a global team of staff that can answer questions through live chat and phone support in 11 languages.