Comment
Author: Admin | 2025-04-28
Across all of Europe to determine their appetite and confidence in Bitcoin and crypto more broadly.(2) It is pleasing to see these results that indicate a slow but steady progression of cryptocurrencies into the mainstream consciousness. Although we might look at this as an achievement for digital currencies in spite of the challenging economic times we are facing, it is also worth considering that this may well be partly because of these times.It is interesting to see that countries like Italy which have been hit hard by the COVID-19 crisis are expressing more faith than ever in cryptocurrencies. Andy Bryant COO, Bitflyer crypto exchange And with all of this enthusiasm for Bitcoin and crypto in general, comes a TON of exchanges and services too. One of the easiest ways to buy Bitcoin in Europe is through cryptocurrency exchanges. There are several exchanges offering Bitcoin in Europe, allowing you to select one based on your requirements and preferences using our guide outlined above. Different exchanges have different transaction fees, withdrawal limits, payment modes, and verification processes that need to be kept in mind before users select one. Additionally, Bitcoin buyers need to keep in mind that certain exchanges might require you to get a wallet of your own before being able to buy the digital currency. Even if there is no requirement, it is recommended to have a wallet of your own for security reasons (preferably a hardware wallet). If you don’t have a wallet, refer to our guide on the Best Bitcoin and Cryptocurrency Wallets to choose one. Another way to buy Bitcoins in Europe is through automated teller machines (ATMs). These ATMs allow users to instantly purchase the cryptocurrency using cash, and most of them don’t require any verification either, thereby ensuring the buyer’s anonymity. You can locate Bitcoin ATMs in Europe using our Bitcoin ATM Map. As of November 2022, there are almost 1500 ATMs in Europe operated by over 160 operators. No matter which method you choose, just be sure to follow our guides and do your own research. Bitcoin is an amazing technology but there are a lot of pitfalls out there. Stay safe! - Exchange Hacks and Crypto Scams in Europe The Finiko Ponzi Scheme of 2021 A 2021 report by Chainalysis showed that Eastern Europe and Western Europe were in the top 5 regions with the highest rate of transaction addresses to scam sites including TheFiniko(dot)com. The Finiko ponzi scheme, based in Russia, offered high-yield returns on bitcoin holdings. Eventually, individuals were unable to access their accounts. A total of 750 BTC was thought to have been withdrawn from one of the wallets used by Finiko. Chainalysis reports over $1.5 billion in bitcoin from investors was deposited in the scam from December 2019 to August 2021. COVID-19 Opportunism in 2020 During the worldwide pandemic, scammers in Europe were taking advantage of the crisis by impersonating Red Cross workers and offering to sell medical supplies to groups in need. What they were really doing was
Add Comment