Where and how to buy bitcoin in Ukraine?
So in this review I continue to tell you about where to buy Bitcoin in Ukraine. Interest in Bitcoin among Ukrainian users continues to grow.
There are three main ways to buy Bitcoin:
Buy bitcoin on an exchange (pay with a VISA or MasterCard debit card)
Buy bitcoin for Yandex Money, WebMoney, OKPay and other online money (in exchangers)
Buy bitcoin for cash hryvnias (in top-up machines)
In early March, the bitcoin rate jumped past the $1,200 mark per 1 BTC. Then the rate fell. Currently the rate is at 26,107 UAH (approximately $960 USD) per 1 BTC.
For those who believe it’s worth buying Bitcoin as an investment, here is a list of platforms for buying/selling BTC.
Buy Bitcoin on a cryptocurrency exchange by paying with a card
Ukrainian cryptocurrency exchange “BTC-Trade”
Convenient and reasonably priced to deposit/withdraw bitcoin if you are a PrivatBank and Privat24 client. There is withdrawal via LiqPay.
| Fees | Payment Method | Commission |
|---|---|---|
| Trading operations | 0.1% | |
| Cryptocurrency withdrawal | BitCoin | 0.0006 BTC |
| LiteCoin | 0.01 LTC | |
| NovaCoin | 0.01 NVC | |
| DogeCoin | 10 DOGE | |
| Fiat currency deposit | Bank transfer | bank rate + 5 UAH |
| Card or cash via LiqPay | 2.75% | |
| Card via Privat24 | 2% | |
| Fiat currency withdrawal | Bank transfer | bank rate |
| PrivatBank card | 1% | |
| Ukrainian bank card | 1.3% (min 5 UAH) | |
| Non-Ukrainian bank card | 1.3% + 10 UAH |
Exchange “CEX.io”
Identification requirements
You can provide a scan of your passport, ID card or driver’s license as identification. A photo with the ID document in your hands is required.
To confirm your address, you need to provide one of the following documents:
Utility bill;
Electricity bill;
Bank account statement;
To link a card, you need a photo with the card in your hands and a photo of the card with an ID document.
| Fees | Payment Method | Commission | Anonymous limit | Verified limit |
|---|---|---|---|---|
| $500/day $2,000/month | $10,000/day $100,000/month | |||
| Buy BTC | VISA or MasterCard | 3.5% + $0.25 | $20 min $500 max | $20 min $3,000 max |
| Bank transfer | 0 | Unavailable | $100 min $10,000 max | |
| Sell BTC | VISA | $3.80 | $20 min $500 max | $20 min $2,000 max |
| MasterCard | 1.2% + $3.80 | $20 min $500 max | $20 min $2,000 max | |
| Bank transfer | $50 | Unavailable | $100 min $10,000 max |
Buy bitcoin for online money in exchangers
A few general points when buying Bitcoin through exchangers:
Most exchangers transfer money to your wallet with a delay of up to 3 days.
Many exchanges frequently lose payment methods.
The probability of getting scammed is higher than when buying on an exchange. What is listed below I checked personally, but everything is at your own risk.
Naturally, the rate is worse than on exchanges.
A big plus — no need for personal identification for small amounts.
Here are the exchangers I’ve personally tested:
Bitcoin exchanger “Arbitrcoin”
ArbitrCoin supports exchange of the following cryptocurrencies: Bitcoin, Ethereum, Litecoin, Monero, Dash for money in Advanced Cash, OkPay, Perfect Money and Yandex Money, and back.
Bitcoin exchanger “Bitcoin Obmen”
Bitcoin-Obmen.com supports the following cryptocurrencies: Bitcoin(BTC), BTC-E Litecoin, DOGE, EXMO, Dash, LiveCoin.
It differs from the previous one by the important (for Ukraine) support of payment services via Privat24 and Webmoney (WMZ and WMU) and the ability to pay with a plastic card in hryvnia without converting the payment to USD.
Buy bitcoin for cash
Provider btcu.biz allows you to buy bitcoin without a bank card. You buy a voucher code at an iBox self-service terminal, enter it on the website, and Bitcoin is credited to your account.
To buy bitcoin for cash at an iBox terminal, go to the “electronic money” section, find BTCU.biz, enter your mobile phone number, and get a receipt with a code. After entering the code on the BTCU.biz website, the amount in hryvnia will be credited to your account. There you can exchange UAH for BTC. The minimum payment amount is 50 hryvnias.
Convenient services unavailable for Ukrainian cryptocurrency users
Bitcoin wallet and exchange “Coinbase”
I include this site as an example of how convenient an exchange and related services for buying/selling Bitcoin can be in terms of interface. But unfortunately, this system is not available to users from Ukraine. Support for Ukraine is promised after bringing Ukrainian legislation to international norms for working with cryptocurrency.
//P.S. As I check deposit mechanisms and new exchanges appear, I will try to update this post. Suggest in the comments what else is worth trying.//