Is It Legal to Buy and Sell Bitcoins Through Brokers or Platforms?

The legal status of cryptocurrencies varies considerably from country to country. In a number of states, any operations with cryptocurrencies are officially not allowed. They are usually treated as a commodity or investment asset and are subject to relevant legislation for tax purposes. For example, in Germany, Bitcoin is recognized as a currency of account, while it is a legal tender with a tax on purchases in Japan. There is currently no legal framework in the world that sets the benchmark rules governing cryptocurrency ICOs. Therefore, there are no legal protection mechanisms for both investors and persons issuing cryptocurrency tokens. 

Can You Buy and Sell BTC?

There have already been some attempts to include crypto investment in the legal field and give cryptocurrencies an official status. These were aimed at creating the conditions for regulating a new financing instrument. So, in Switzerland at the end of 2016, it was allowed to attract up to 1 million Swiss francs within the ICO without reporting obligations to the securities market regulator. 

5 Best Marketplaces to Buy BTC

Your trading success is highly dependent on the exchange platform you choose. If you are rather new to this business and lack the key knowledge, it is not a reason to put your trading career at risk. Find below the list of top market places where you can run any transactions with BTC.

#1 – Binance

Binance is a prime example of how a top-notch cryptocurrency exchange should look like. Initially, the platform did not work with fiat funds at all. Later, taking into account the numerous wishes of customers, an adjacent platform Binance Jersey was opened to exchange cryptocurrency for traditional currency. The key features of the platform are as follows:

  • Convenient multilingual interface to buy bitcoin instantly;
  • A large number of trading pairs;
  • Additional tools for comfortable trading.

There is a minimum commission on Binance, and you can withdraw two BTC units per day without identity verification.