Home > Altcoins > Buy Altcoins > How to Buy Cryptocurrency in Belgium in 5 Simple Steps
Cryptocurrencies logo

How to Buy Cryptocurrency in Belgium in 5 Simple Steps

Cryptocurrencies Belgium

If we look at the history of the global financial sector, cryptocurrency can be termed as a fairly new asset class. Nonetheless, the crypto market has made huge strides over the past decade, crossing the $2 trillion mark in 2021. What’s even better is that this industry seems to be just getting started!  

Are you looking to invest in or trade cryptocurrencies in Belgium? We’ve created this comprehensive guide for scores of investors/traders like you, and have detailed 5 simple steps in which you can learn how to buy cryptocurrency in Belgium today.

Quick Guide to Buy Cryptocurrency in Belgium Today

1

Register

You may opt for any of the recommended crypto exchanges or brokers listed below and register with it by providing some basic details like your name, residential address, phone number and email id. This will usually be followed by identity verification, involving uploading of certain documents. Such verification is for legal reasons and to ensure that the trading environment stays safe for everyone.

2

Deposit funds

Once your account has been registered and verified, you may deposit funds into it using any of the payment methods accepted by the chosen broker or exchange. It’s commonplace for such trading platforms in Belgium to accept commonly-known modes of payment including credit cards, debit cards, bank transfer and PayPal. Exchanges normally allow crypto deposits too, enabling you to easily exchange one cryptocurrency for another.

3

Buy cryptocurrency

Now that you have funds available in your account to make a cryptocurrency purchase, look for a suitable trading pair like BTC/EUR or BTC/ETH if it’s an exchange, or a ‘Buy Bitcoin’ or ‘Buy Ethereum’ button in case you’re dealing with a broker. Select the appropriate option, enter the quantity of the crypto you’d like to buy or the amount of EUR you’d like to spend, followed by clicking the ‘Buy’ button.


What is the Best Payment Method for Buying Cryptocurrency in Belgium?

As highlighted earlier, the payment methods accepted by online exchanges and brokers in Belgium may vary from portal to portal. There are several European and international trading platforms serving Belgian crypto investors/traders. It’s quite unlikely that you’ll not find a payment option convenient to you. A large number of Belgian buyers actively use payment modes like credit/debit cards, Paypal, Skrill, Neteller and bank transfers for their crypto purchases.

  • Buy Cryptocurrency with Cash – Can be done at Bitcoin ATMs and peer-to-peer exchanges. 

  • Buy Cryptocurrency with Credit Card – Convenient and quick, but involves a higher transaction fee.

  • Buy Cryptocurrency with Bank Transfer – Inexpensive and extensively used, but takes more time.

  • Buy Cryptocurrency with PayPal – Offers a good mix of convenience and cost, but may not be available at all platforms for fund deposits.

  • Buy Cryptocurrency with Bitcoin – Can be used at almost all exchange platforms to buy any cryptocurrency.

Why Buy Cryptocurrency?

Spurred on by the remarkable growth witnessed by many cryptocurrencies like Ethereum (ETH), Bitcoin (BTC), Litecoin (LTC), Binance Coin (BNB) and Cardano (ADA) over the past decade, the crypto industry continues to expand with each passing year. Owing to the constant volatility witnessed in this space, expert traders have booked notable profits by trading cryptocurrencies time and again. 

Apart from the Initial Coin Offerings (ICOs), you can invest in various new blockchain products ranging from Non Fungible Tokens (NFTs) to Decentralised Finance (DeFi) crypto coins today. 

There are many valid reasons, both for speculative and long-term investors, to buy or trade cryptocurrencies starting today. Looking at it closely, it’s a transformative industry that’s well on its way to disrupt every aspect of our daily lives, just like the internet did back in the 90s. However, as with any investment, you should tread cautiously and take all possible measures to safeguard your interests. For instance, long-term investors can use cold wallets to safely store their crypto holdings and carry out thorough research into a coin’s background and fundamentals before investing any funds. Short-term traders on the other hand can use stop-loss, trailing stop-loss, take-profit, limit orders and hedging to prevent losses and safeguard their returns.

The best way to analyse crypto market’s performance overall is to look at its flagship currency, Bitcoin (BTC). BTC rallied right from early 2021 and reached an all-time high of $64,863 in April 2021, more than three times its high witnessed during the 2017 bull-run.

Is it Legal to Buy Cryptocurrency in Belgium?

Belgium doesn’t have any specific legislation for cryptocurrency trading and investments in the country, at the time of writing. Rather, it uses the existing legal framework for regulating this industry. Therefore, other than obtaining licenses from leading global and/or European regulatory authorities, crypto-related businesses must also obtain authorisation from Belgium’s Financial Services and Markets Authority (FSMA) and National Bank of Belgium (NBB), to offer services in the country. Please keep in mind, anyone who makes a profit from trading or buying cryptocurrencies in Belgium, must pay a 33% tax on that sum, and mention it under ‘Miscellaneous Income’, at the time of filing tax returns. 

Buy Crypto in Belgium Today!

Where Can I Use Cryptocurrency in Belgium?

There are various merchants and service providers that actively accept cryptocurrencies in Belgium. While majority of them take Bitcoin as a valid form of payment, some may even be open to other prominent crypto coins including Ether (ETH), Litecoin (LTC) and Ripple (XRP). However, please check with the specific outlet to ensure that it does accept a cryptocurrency of your choice. Here’s a link to CoinMap.org that shows all the places currently accepting cryptocurrencies/Bitcoin in Belgium. As can be seen, the maximum concentration of such businesses is in the cities of Brussels, Antwerp, Ghent and Bruges. 

Furthermore, there are 21 Bitcoin ATMs spread all over Belgium, with 4 in Brussels and 6 each in Ghent and Antwerp. While most of these ATMs facilitate easy purchase of BTC, some even allow you to buy & sell BTC and other crypto coins like Litecoin (LTC), Ethereum (ETH) and Bitcoin Cash (BCH).

Our Recommended Best Way to Buy Cryptocurrency in Belgium

We conducted thorough research into all the places where you can buy cryptocurrency in Belgium, and have come up with the most cost-efficient, reliable and convenient platform among them, which is displayed below.

1
Min. Deposit
$10
Promotion
User Score
10
Accepts customers from the USA
Offers 15 crypto coins to buy&sell including BTC, LTC, ETC, NEO and more
Trade on the world's leading social trading and investing platform
Start Trading
Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA

Frequently Asked Questions

  1. No. There’s no risk, as long as you buy crypto from a well-known and regulated platform.

  2. Yes. It is mandatory to verify your identity if you’d like to buy crypto from a regulated trading platform in Belgium.

  3. Normally, crypto ATMs are more expensive for Bitcoin and other crypto purchases as compared to an online platform.

  4. No. You can use any of the freely available software crypto wallets in the market.

  5. There’s a certain amount of risk involved in any type of investment. However, you can minimise this risk by taking appropriate measures, the most important of which is always dealing with regulated platforms.

We use cookies to personalise content & ads, provide social media features and offer you a better experience. By continuing to browse the site or clicking "OK, Thanks" you are consenting to the use of cookies on this website.