How to buy Crypto and Bitcoin in the Czech Republic

CEX.IO is a globally recognized crypto exchange that allows eligible participants from the Czech Republic to seamlessly buy, sell, store, and trade cryptocurrencies through several convenient pathways. In addition to the quick and instant crypto acquisition, our platform enables Czech-based enthusiasts to receive a free BTC wallet, allowing them to manage their crypto portfolio through an intuitive and user-friendly interface. 

In addition, as an EEA member, Czech-based users are eligible to request our Bitcoin debit card. This innovative card allows eligible participants to seamlessly spend their Bitcoins, as well as other cryptocurrencies, as regular fiat money at millions of merchants worldwide, both online and in-store.

In this step-by-step guide, we explore how to buy crypto and Bitcoin in the Czech Republic through CEX.IO securely and instantly. 

Step-by-Step Guide: How to Buy Crypto in the Czech Republic?

Acquiring crypto for Czech-based users has never been easier, mostly due to our Instant Buy feature. Created with beginners in mind, this functionality allows novices and less crypto-savvy individuals to participate in the crypto market beyond trading, allowing them to obtain over 200+ cryptocurrencies at their current market prices. Here’s how: 

1. Register and verify your account. 
2. Log in using established credentials. 
3. Navigate to Instant Buy.
4. Choose your preferred asset. 
5. Select the fiat currency you want to use to purchase crypto. 
6. Specify the amount of fiat you’re willing to spend. 
7. Choose your payment method. 
8. Review transaction details. 
9. Complete the purchase following the on-screen instructions. 

Legal Framework and Regulations in the Czech Republic

Cryptocurrency is legal in the Czech Republic. The country has a progressive stance on digital assets, and the government has implemented a regulatory framework to monitor crypto activities. Cryptocurrencies are recognized as commodities, and exchanges must comply with anti-money laundering (AML) and know-your-customer (KYC) regulations.

(H2) FAQs

(H3) Is crypto legal in the Czech Republic?

Yes, crypto is legal in the Czech Republic. However, the government has specific regulations for crypto exchanges and transactions to prevent illegal activities.

(H3) Is there a Bitcoin ATM in the Czech Republic?

Yes, there are several Bitcoin ATMs available across the Czech Republic, especially in larger cities like Prague. These ATMs allow you to buy or sell Bitcoin using cash.

(H3) What is the tax on crypto in the Czech Republic?

Cryptocurrency in the Czech Republic is subject to tax, meaning any rewards from selling crypto are considered taxable income, and you must report it on your tax return. The tax rate can vary (between 15% and 23%), so we recommend consulting a local tax advisor for detailed information.

(H3) How do I track the value of my crypto on CEX.IO?

CEX.IO provides multiple pathways for Chech-based users to monitor the real-time price of their assets. One way is through Spot Trading, which allows users to track the current and historical price movements of chosen assets. On the other hand, those looking for a quick glimpse into the current crypto prices, market cap, and 24-hour price movements can visit our cryptocurrency price page.