Cryptocurrencies have gained immense popularity all over the world, and Croatia is no exception. Buying bitcoin and other cryptocurrencies in Croatia is a simple and straightforward process that can be completed in less than 10 minutes. In this article, we will guide you through the steps of buying and owning cryptocurrencies in Croatia.

Requirements to Buy Cryptocurrency in Croatia

Before you start purchasing cryptocurrencies, there are a few important things you’ll need to prepare:

Steps to Buy Cryptocurrency in Croatia

1. Create an account with an exchange

To get started, you’ll need to create an account with a trusted cryptocurrency exchange. In Croatia, there are seven reputable exchanges to choose from. The most popular ones are Coinbase and Binance, with a combined user base of over 280 million active users. These exchanges are beginner-friendly and offer a wide range of deposit methods and various cryptocurrencies. However, make sure to explore the “info” tab on the exchanges to find the right fit for your preferences.

2. Complete the KYC verification process

After signing up with an exchange, you will need to go through the Know Your Customer (KYC) verification process. This is a legal requirement for almost all exchanges in Croatia. To complete the verification, you’ll need to have a valid photo ID on hand. Take pictures of both the front and back sides of the document. Usually, the verification process is instant, but it may take up to 1-2 days in some cases.

3. Make a fiat deposit

To start buying cryptocurrencies, you’ll need to link your bank account or credit card to the exchange. Coinbase and Binance offer various payment methods such as bank accounts, debit cards, credit cards, wire transfers, and SEPA transfers. The time it takes for the funds to arrive at the exchange will depend on the chosen payment method, ranging from a few minutes to a few days.

4. Buy cryptocurrency

Once your account has been funded, you can proceed to buy your desired cryptocurrency. It’s important to note that you don’t have to buy a whole bitcoin; most exchanges allow you to purchase even a few dollars’ worth of bitcoin or any other cryptocurrency.

5. Send your cryptocurrency to a personal wallet

After purchasing your preferred cryptocurrency, it is crucial to withdraw it to your own secure personal wallet. Keeping your coins on an exchange poses a security risk, as exchanges are often targeted by hackers. By storing your cryptocurrencies on a personal hardware wallet, you can mitigate that risk and have full control over your assets.

Buying and owning cryptocurrencies in Croatia is a simple and rewarding experience. By following these steps, you can join the exciting world of digital currencies and start exploring the endless possibilities they offer. Remember, always prioritize the security of your investments by using reputable exchanges and personal wallets. Happy investing!