How to Buy Bitcoin in Greece; Buying Bitcoin is a global possibility, with no border restrictions and no central authority in control. This means that no matter where you are in the world, you can easily buy Bitcoin. Unlike traditional currencies, Bitcoin operates on a decentralized system, which means it’s not governed by any single entity or government.
In this article, we’ll look at different ways to buy Bitcoin in Greece.
Crypto Exchanges
One common way to buy Bitcoin in Greece is through cryptocurrency exchanges. These online platforms act as intermediaries, allowing you to trade your local currency, like Euros, for Bitcoin. You’ll need to create an account, complete a verification process, deposit funds, and then you can place orders to buy Bitcoin at current market prices. Popular exchanges such as Coinbase, Kraken, and Bitstamp are accessible in Greece and offer user-friendly interfaces for both beginners and experienced traders.
To use a cryptocurrency exchange, you can follow these steps:
- Choose a Cryptocurrency Exchange: Start by selecting a reputable cryptocurrency exchange that operates in Greece and supports Euro (EUR) trading pairs with Bitcoin (BTC).
- Create an Account: Visit the exchange’s website and sign up for an account. You will typically need to provide your email address, create a password, and complete any required identity verification processes, including Know Your Customer (KYC) procedures.
- Verify Your Identity: Complete the identity verification process, which often includes providing a photo ID and proof of address.
- Deposit Funds: After your account is verified, deposit funds into your exchange account. You can typically fund your account with Euro via bank transfer or other supported payment methods. Follow the exchange’s instructions for depositing funds.
- Place an Order: Once your account is funded, you can place an order to buy Bitcoin. Choose the trading pair EUR/BTC and specify the amount of Bitcoin you want to purchase. You can opt for a market order (instant purchase at the current market price) or a limit order (buy Bitcoin at a specific price if it reaches that level).
- Review and Confirm: Double-check your order details, including the purchase amount and price. Confirm the order when you are satisfied.
- Securely Store Your Bitcoin: After the purchase is completed, transfer your Bitcoin to a secure cryptocurrency wallet for added security.
P2P Platforms
Peer-to-peer (P2P) platforms provide another option to buy Bitcoin in Greece. These platforms connect buyers and sellers directly, enabling you to negotiate prices and payment methods. Paxful is an example of P2P platform where you can find various sellers, each with their terms and conditions.
To use a peer-to-peer (P2P) exchange in Greece, you can follow these steps:
- Choose a reliable P2P cryptocurrency trading platform that operates in Greece.
- Sign up for an account on the chosen P2P platform. Provide your email address, create a secure password, and complete any necessary identity verification steps.
- Fill out your profile details, including personal information and payment preferences.
- Use the platform’s search function to find sellers offering Bitcoin in Greece. You can filter your search based on payment methods, price, and other criteria.
- Once you find a suitable seller, review their trading terms and reputation. Consider factors like their trade history, feedback from other users, and the payment methods they accept.
- Initiate a trade with the chosen seller. This will typically involve specifying the amount of Bitcoin you want to buy and any additional details required by the seller.
- Use the platform’s messaging system to communicate with the seller and discuss the trade details. Clarify payment instructions and ask any questions you may have.
- Follow the seller’s instructions for making the payment. Depending on the payment method chosen, you may need to transfer funds through a bank transfer, cash deposit, online payment, or other agreed-upon method.
- Once you’ve made the payment, confirm it on the platform to alert the seller. The seller will then release the Bitcoin from escrow to your P2P wallet on the platform.
- After receiving the Bitcoin in your platform wallet, make sure you’ve received the correct amount. If everything is in order, mark the trade as completed to release any remaining funds from escrow to the seller.
- After completing the trade, transfer the Bitcoin to a secure cryptocurrency wallet under your control.
- It is a good practice to leave feedback for the seller based on your experience. This helps build trust within the P2P community.
Bitcoin ATMs
Bitcoin ATMs are physical machines located in various cities across Greece. They allow you buy Bitcoin using cash or credit/debit cards. To use a Bitcoin ATM, you need to locate one near you, follow the on-screen instructions, and complete the transaction. Keep in mind that Bitcoin ATMs may have higher fees compared to online exchanges, so it’s advisable to check the fees and exchange rates beforehand.
Where is Bitcoin ATM in Greece?
Bitcoin ATMs are becoming more popular around the world, but it’s important to know that they might not be available everywhere. Here’s a quick look at where you can find them in Greece:
- Alexandroupoli
- Athens
- Halkidiki
- Heraklion
- Loannina
- Kalamata
- Kastoria
- Larissa
- Mykonos
- Patras
- Thera
- Thessaloniki
To find out exactly where these Bitcoin ATMs are, you can use online tools that show their locations, fees, and services.
Exchange Bitcoin For Naira
Lots of traders exchange their Bitcoin for Naira when they need cash for regular things or want to take out some profits. Cardvest is a platform that makes it easy for people to trade their Bitcoin for Naira and get paid instantly. To exchange Bitcoin for Naira, follow these steps:
- Create an account on Cardvest and log in to your dashboard.
- In the trade section, select Bitcoin as the cryptocurrency you want to sell. Cardvest supports a wide range of cryptocurrencies.
- Input the amount of Bitcoin you want to sell after choosing your preferred cryptocurrency. Cardvest will generate a wallet address where you can transfer your crypto assets.
- Use your crypto wallet to transfer the specified amount of Bitcoin to the wallet address provided by Cardvest.
- Once the transaction is confirmed, you will receive cash in your Cardvest account.
- After receiving cash in your Cardvest account, return to your dashboard and access the wallet section, where you can manage your funds on the platform.
- To withdraw your funds, choose the withdrawal option and provide your bank details. Be sure to enter your details accurately to avoid any delays or issues with your withdrawal.
- Once you have submitted your withdrawal request, your funds will be processed instantly, and you should receive them within a few minutes.
