Xcoins Supported Countries – Where Can I Buy Crypto?
The crypto industry is a dynamic one, and cryptocurrency regulation changes all the time. For this reason, it can be hard to keep up with which countries allow crypto trading and which don’t.
Xcoins.com is available in the majority of countries where Bitcoin and other cryptocurrencies are legal, but we also do our own risk assessment before offering our services in any jurisdiction.
To get a better idea of where you can buy crypto on xcoins.com, let’s take a look at the crypto-friendly countries as well as those where it’s illegal.
Where is cryptocurrency legal?
The USA, Canada, EU, UK, and Australia, as well as parts of South America, Africa, and Asia have all introduced crypto regulation that has made the buying and selling of cryptocurrency legal.
There are some countries, including Cameroon, Georgia, Libya, and Vietnam, where the legality of cryptocurrencies is somewhat of a grey area. That is, certain aspects of crypto trading are legal, while others are not.
For example, you may find certain countries, such as Vietnam, allow crypto to be traded but have made buying goods and services with cryptocurrency illegal.
In most cases, you’ll be able to use your xcoins.com account according to crypto regulations in place within the countries you’re accessing your account from. However, if you’re unsure please contact our Customer Support team for clarification.
Xcoins.com is a regulated business, which means we have a responsibility to help protect against illegal activities such as money laundering and fraud.
For this reason, we make regular checks on the status of the countries we service to ensure compliance with crypto regulation and to protect our customers.
What countries ban crypto?
The legality of cryptocurrency varies widely around the world. While most countries have passed crypto laws to regulate how you can trade and spend cryptocurrency, a few have banned it outright.
The number of countries banning cryptocurrency has increased in recent years, with China the most high-profile nation to take this step. Crypto trading of any sort is now banned in China as of September 2021.
Egypt, Algeria, Iraq, Tunisia, Oman, Bangladesh, Qatar, and Morocco have also introduced complete bans on cryptocurrencies. They won’t let you buy or sell your Bitcoin, so don’t even try.
Why do crypto regulations matter?
The complexity of cryptocurrency regulation across the world does raise jurisdictional questions.
You’re perhaps wondering why crypto law should matter to you when, wherever you are, the transaction technically happens on our exchange servers located in Malta. Legally, all cryptocurrency transactions are tied to the individual. So if you’re in Hanoi, that’s where they’ll look for you.
And no one wants to plead technicalities in front of a Vietnamese judge.
For enthusiasts who live in jurisdictions where it’s illegal to buy and sell cryptocurrencies, this is a problem that we, unfortunately, can’t help solve. Our advice is firm. Do not trade while you’re in those countries.
It doesn’t matter what you think the odds of actually getting caught are.
By trading within crypto regulation, you’re protected and so are we. This is why we only offer our services in countries where the crypto laws satisfy our regulatory responsibilities.
The good news is that there are more crypto-friendly countries than not. We serve over 100 countries at xcoins.com, so there’s a very good chance that you’ll be able to buy and sell crypto with us from your country of residence.
To stay up to date on all things crypto, like Xcoins on Facebook, follow us on Twitter and LinkedIn. Sign up today and start buying and selling cryptocurrencies instantly.
Frequently Asked Questions (FAQs)
We’re available in over 100 countries. However, the exact number changes all the time due to the introduction of new crypto laws. As a regulated business, we do our own risk assessment before offering our services, no matter the country. If you’re unsure, please contact Customer Support.
Bitcoin and other cryptocurrencies are legal in the USA, Canada, EU, UK, and Australia. Cryptocurrency regulation has also been passed in some parts of South America, Africa and Asia, making it legal to trade cryptocurrencies in those areas.
China, Egypt, Algeria, Iraq, Tunisia, Oman, Bangladesh, Qatar, and Morocco have all passed crypto laws making the buying and selling of cryptocurrency illegal. Other nations, including Cameroon, Georgia, Libya, and Vietnam have legal grey areas whereby some types of crypto transactions are allowed and others are banned.