The crypto market has grown substantially in value over the last few years surpassing a $2 trillion market cap. More specifically, Bitcoin has risen by over 11,000% in the last 10 years, making it one of the most profitable investments of the decade.
If readers don’t want to miss out on this high-growth opportunity, then read on for our full guide on how to buy Bitcoin in Lithuania. In this article we cover where to buy Bitcoin in Lithuania, Bitcoins price, and a step-by-step guide on how to set up an account with eToro and start trading Bitcoin instantly.
How to Buy Bitcoin in Lithuania – Quick Guide
Let’s kick things off with a quick step-by-step guide on how to buy Bitcoin in Lithuania with our number one broker eToro:
- Step 1: Open an account with eToro – The first step is to open an eToro account. To do this, simply visit the website and follow the on-screen instructions.
- Step 2: Deposit funds – Before depositing funds, users must pass a KYC verification by providing two forms of ID. Once verified users can deposit using a number of payment methods including bank transfers, debit and credit card, PayPal, and Skrill.
- Step 3: Search for Bitcoin – Use the eToro search bar and type in Bitcoin. From here select Bitcoin from the drop-down menu to open up an order form.
- Step 4: Buy Bitcoin – Users should fill out the order form to select how much Bitcoin they wish to purchase and execute the transaction to add Bitcoin to their accounts.
Where to Buy Bitcoin in Lithuania
Bitcoin is the most popular and actively traded cryptocurrency in the world. Therefore it is offered by pretty much all brokers who offer crypto trading services. With so much choice out there, it can be hard to pick which broker is right for each specific user. To save readers the hassle of researching themselves, we have compiled a list of the seven best places to buy Bitcoin in Lithuania. All brokers have been shortlisted based on their fees, ease of use, and security levels.
1. eToro – The Best Crypto Broker Offering Social Trading Tools and Low Fees
The best place to buy Bitcoin in Lithuania is eToro. It is great for beginner investors as it has an easy-to-use layout and comes with one of the best mobile trading apps. Users can deposit funds for just $5 using a variety of payment methods including bank transfers, debit and credit cards, and e-wallets like PayPal and Skrill.
Fees are very low on eToro, coming in at just 1% per crypto trade. In addition to over 70 cryptos, eToro has over 2000 other financial assets including stocks, shares, and ETFs. The broker is also regulated by the FCA and FDIC which insure users’ accounts against fraudulent activity.
eToro has a number of great tools that readers can use to improve their trading experience. These include copy and social trading. Copy trading is a function that allows users to directly copy other popular eToro portfolios into their own accounts. Readers should note that there is a $250 minimum deposit for copy trading. These portfolios can be filtered for risk, return, and asset allocation. Social trading lets eToro users share posts with 30 million other users. These can be great for getting insights into markets. Finally, eToro offers a smart portfolio, which allows users to invest $500 into a portfolio that eToro will manage on their behalf.
Users can trade with up to 2:1 leverage when using eToro, which is a great tool for amplifying returns. However, correct risk management should be used here to protect against heavy losses. If users aren’t comfortable with using leverage with real capital, they can always try out one of eToro’s $100,000 virtual accounts first.
To get started with eToro, users should check out the link below, or scroll down for our in-depth guide on how to set up an eToro account.
| Deposit fee | 0.5% conversion fee for non-USD deposits |
| Cost of Buying Cryptos | 1% + Market Spread |
| Fee to buy $100 BTC | $1 + Market Price |
Pros:
- 70+ cryptos
- No deposit fees
- Copy and social trading tools
- FCA, FDIC, CySEC regulated
- Wide range of deposit methods
Cons:
- $10 Inactivity fee
- $5 Withdrawal fee
Cryptoassets are a highly volatile unregulated investment product.
2. Crypto.com
Crypto.com is another great place to buy Bitcoin in Lithuania through. It has a large selection of over 250 altcoins giving users a wide array of investment choices. It has also amassed over 50 million users, highlighting its popularity. However, a downfall of crypto.com is that it charges a steep commission of 2.99%.
Crypto.com offers crypto staking which is a great point to consider, as users can earn interest on their crypto. Staking works by giving up access to crypto for long periods of time, where the broker will use it to power blockchain transactions. In return, users are rewarded with interest. The current interest rate for Bitcoin is 6% on Crypto.com.
Crypto.com also has an NFT integration. This allows users access to a high-growth asset alongside crypto. With the NFT market growing at an astonishing rate over the last 18 months, now could be a good time to buy-in. An account with Crypto.com lets you do just that.
In addition to staking, users can earn cashback on their crypto by using a physical Crypto.com card. This can be used in selected retailers and allows users the chance to earn up to 8% cashback on their purchases. This cashback will be returned to users in the form of crypto directly into their portfolios.
| Deposit fee | Free |
| Cost of Buying Cryptos | 2.99% |
| Fee to buy $100 BTC | $2.99 |
Pros:
- Cashback opportunity
- Crypto staking
- 250+ cryptos and altcoins
- NFT integration
- Free deposits
Cons:
- Not great for advanced technical analysis
- 2.99% trading commissions
Cryptoassets are a highly volatile unregulated investment product.
3. Bitstamp
A third option is Bitstamp. Having been created back in 2011, the platform has grown to occupy millions of users. It has an easy-to-use homepage and mobile app, making it a great platform for newbie investors. However, it’s also great for more advanced investors as it gives users access to more advanced tools for technical analysis of stocks, crypto, and indices.
It currently has 45 cryptos for users to choose from, including two stakeable cryptos which are ETH and ALGO. Users can earn up to 4.5% interest on Ethereum and 5% interest on Algorand when they stake them using Bitstamp. One thing to note here is that Bitstamp is missing some major coins like Solana, Avalanche, and Polkadot. If users want to trade these coins then eToro or Crypto.com may be a better option.
Bitstamp is a secure broker, however, it did suffer a largescale security breach in 2015. This allowed hackers to steal over $5 million in BTC. However, Bitstamp insisted that no users lost any funds and has since rebuilt its entire platform. There have been no security threats since this rebuild.
In terms of fees, Bitstamp is a good option. It calculated fees based on users’ monthly trade volumes. If users trade under $10,000 a month, then a commission of 0.5% can be expected. As users increase this volume, the commissions fall, making it a great option for larger volume traders.
| Deposit fee | 0.1% |
| Cost of Buying Cryptos | 0.5% under $10,000 volume |
| Fee to buy $100 BTC | $0.5 |
Pros:
- 45 cryptos
- Beginner friendly
- 0.5% commission
- Technical tools available
- Great mobile app
Cons:
- Data breach in 2015
- Some coins not supported
Cryptoassets are a highly volatile unregulated investment product.
4. Coinbase
Still stuck as to where to buy Bitcoin in Lithuania? Coinbase could be a great choice. It is a very famous broker, offering crypto-only broker solutions to over 70 million clients. It has an easy-to-use website, and a great mobile app available on both IOS and Android.
When users sign up to Coinbase, they can earn $5 in free Bitcoin, which is great for starting off portfolios. In addition to this, Coinbase has a host of online educational resources, making it great for beginner investors. When these courses are completed, users can earn up to $20 free Bitcoin.
The platform has a low minimum trade value of just $2. In addition to this, it is highly regulated, being insured by the FCA and FDIC. These insurers protect accounts from fraud and can provide up to £85k and $250k compensation respectively.
The only downfall of Crypto.com is that it charges a very high commission. If users want to trade $50 or less, they will be charged 5% commission, or $2.50. This number increases as trade volume falls, with $10 and under transactions warranting a 10% commission. There is also a 0.5% market maker fee on either side of each trade. These fees make Coinbase one of the more expensive brokers to trade with.
| Deposit fee | 3.99% |
| Cost of Buying Cryptos | 5% over $50 |
| Fee to buy $100 BTC | $5 |
Pros:
- 70 million users worldwide
- FCA/FDIC insured
- $2 minimum trades
- Earn Bitcoin from educational resources
- Great mobile app
Cons:
- 3.99% credit card deposit charge
- High commissions
Cryptoassets are a highly volatile unregulated investment product.
5. Binance
Our fifth broker selection is Binance. Like Coinbase, Binance is one of the biggest crypto brokers in the world and supports over 30 million users. It offers over 600 coins to users and is hence a great option for avid altcoin traders. It is a great choice for beginner and advanced traders, as it offers simple and advanced platforms. The simple platform lets users see their wallet’s value and asset allocation. Advanced mode complements this information with more technical indicators.
Binance has great security, sporting a number of high-level protocols to protect wallets. These include two-factor authentication, human account verification, and private keys. Binance is also a regulated broker, being regulated by the FCA and FDIC in the UK and US. Users can therefore have peace of mind that their funds are in safe hands when trading with Binance.
Read More:How to Buy Bitcoin in Lithuania in June 2022
