Trusted by Gnosis buyers, you can buy and trade Gnosis in Belgium and 100+ countries on Blocktrade without any fees easily.
Your entry to the world of crypto
Learn More about buying GNO in Belgium
How to buy Gnosis in Belgium
Is GNO a good investment in Belgium?
GNO was released to the market in May 2017 with an initial price of $51.64. Very soon, it could rise to $322 in the same year. It was a wonderful investment for people who had bought this coin at its release. However, it didn’t last long, and the GNO price fell again. In 2018, it could set another record of $401.17. After that, it fell into a two-year recession and even reached its lowest price of $7. GNO started 2021 with a growth of $110 and reached the highest value of $579 at the end of the year. Although 2021 sounded amazing for GNO owners, 2022 had many fluctuations. This coin faced recession again and ended the year with a price of $85.
GNO claimed to be a good investment several times. However, it seems that people need to be more patient about keeping this coin during its fall. But it is still a risky investment for newcomers to this world. Thus, they may need some help. One thing that can lead you to have a better decision about buying GNO is the price predictions that analysts and crypto experts forecast. Although these predictions are not %100 true, they can still help you have a brighter view of what may happen to this coin in the future. Most analysts believe that GNO price would go up even as high as $1400 by 2025. They also predict that the next ten years might be even better for GNO holders.
What is Gnosis ?
Gnosis is a decentralized prediction market network launched in January 2015. It is an Ethereum-based protocol for developers to run prediction market applications. People can generate, trade, and sell digital assets on this network. Apollo is the name of the Gnosis platform where users can do all these functions, which is accessible from the Gnosis website. Furthermore, the Gnosis protocol has the ability to create conditional tokens, which are a new asset class in this market. Then the users on this platform can trade conditional tokens and other digital assets using a decentralized market mechanism. Gnosis aims to provide an infrastructure for decentralized applications that can act as a prediction tool, information source and standard for the predictive asset.
Is Gnosis legal to buy in Belgium
Yes. According to the press release by Belgium’s Financial Services and Markets Authority (FSMA) and the National Bank of Belgium (NBB), and the definition of virtual money offered by FSMA, cryptocurrencies are popular digital investments that can be traded and sometimes can be used as means of payments but since they are not recognized as legal tender, they are not widely accepted like money. According to the mentioned press release, FMA and NBB state that crypto currencies can be bought and sold like assets and stock.
Is Gnosis taxed in Belgium
Yes. According to the Belgian Tax Code cryptocurrency gains are either subject to professional income tax (in accordance to Article 23 of Income Tax Code) or miscellaneous income (Article 90, 1° of Income Tax Code).
According to the Article 23 of above-mentioned Income Tax Code, if a person's professional occupation is trading cryptocurrencies, the profits generated from this occupation will be taxed as professional income, and will therefore be subject to the progressive tax rates that range between 25 and 50 percent in Belgium.
According to the Article 90, 1° of above-mentioned Income Tax Code, if a Belgian individual earns gains on cryptocurrency transactions not as a professional activity, they will benefit from a tax exemption on those gains, but only on condition that the transaction is realized within the boundaries of the normal management of their private wealth. According to the same Article 90, 1° of Income Tax Code, if an individual makes transactions in a very short timeframe by repeatedly selling at a high point and buying at a low point, they will be accounted as a trader. The trader is not engaged professionally, but these types of transactions will fall outside the normal management of private assets and are accounted as speculative capital gains and will be taxed at a flat rate of 33%.
After you've bought Gnosis in Belgium
GNO token is a governance coin, which means it can be used for voting inside the platform. GNO holders can vote on different subjects and may have the ability to change rules and regulations on this platform. The other benefit of GNO is creating smart contracts, which are very useful on the blockchain. Meanwhile, the main use of GNO is creating an OWL token. It is helpful for people who want to work on the Gnosis network and create decentralized applications. But if you are unfamiliar with this process, you will not need to use GNO coins to stake OWL tokens.
Most people see cryptocurrency as an investment. You can invest in GNO too. Since its price is not stable and changes from time to time, it has shown it could be a good investment in the past. However, no one can tell you if the investment in GNO will be profitable in the future. Therefore, you should be more aware of the crypto market if you want to invest in GNO.
Who can buy Gnosis in Belgium
Anyone. Owning cryptocurrency is possible in Belgium by the assistance of different cryptocurrency exchanges. You can use several payment services accessible in Belgium in order to buy, trade, sell and manage your crypto assets. Such services include Apple pay, Google pay, Credit Card, Debit Card, Bank Transfer and PayPal. But note that for you to be able to use these services, your chosen exchange must offer payment through these services. Our exchange provides fast and secure transactions by the mentioned services and is free of charge for crypto transactions in Belgium.
Buy Gnosis at your ease
Payment methods to buy Gnosis in Belgium
Just 3 easy steps to your first investment in Gnosis
Sign up and verify
Make your first
MANAGE YOUR PORTFOLIO
Buy Other Cryptocurrencies in Belgium
Frequently asked questions
GNO is available on most exchanges. BlockTrade is one of the exchanges that offer you the best services at the lowest prices. Unlike most exchanges, you don’t need to pay additional money as the processing fee on this exchange. Therefore, you can buy GNO at a lower price on BlockTrade.
No. According to the European Court of Justice, in case C-264/14, virtual money is considered currency, which means, according to article 44, §3, 9° of the VAT Code, the purchase or sale of a cryptocurrency is VAT exempt.
In Belgium, the Federal Public Service of Finance offers conciliation service, through which they will examine your assets in accordance with federal tax authorities’ perspective. This helps to avoid a long and costly procedure, with an uncertain outcome, since this is a free and official service.
Martin Koeppelmann and Stefan George are the founders of Gnosis and the main development hub of the company is located in Berlin.
It is estimated that 1.98% of Belgium's population, which is about 230,693 people, own some form of crypto assets in their possession
The Gnosis Protocol is a platform based on the Ethereum blockchain network and provides developers with the infrastructure to run decentralized applications, including prediction markets.