Buy Ethereum
in Hungary

Trusted by Ethereum buyers, you can buy and trade Ethereum in Hungary and 100+ countries on Blocktrade without any fees easily. 

Ethereum
Hungary

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Ethereum in Hungary
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Learn More about buying ETH in Hungary

How to buy Ethereum in Hungary

Is ETH a good investment in Hungary?

In its simplest definition, Ethereum is an open infrastructure based on blockchain technology on which decentralized computer programs can be run. The decentralization of Ethereum means that this system does not belong to anyone alone and it is not controlled by one or more specific people. Everyone can own this network and everyone can play a role in controlling it. Thanks to Ethereum's distributed and decentralized structure, once a program is implemented on the Ethereum network, it cannot be stopped or manipulated, even if the creator wants to.

Among the members of the digital currency community, the digital currency of the Ethereum network is also called Ethereum or Ether. Ether, like Bitcoin, is a digital currency that can easily transfer value. However, Ether's purpose is slightly different from Bitcoin's. This digital currency was created to pay for fees and as an incentive for contributors to continue working with Ethereum. Who would be willing to work as a miner or contributor to the network if Ether was not the key asset? This is why Ether is also called "the fuel of the Ethereum network". If Bitcoin is "digital gold", Ether is "digital oil".

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What is Ethereum ?

The digital currency of the Ethereum network is called "Ether" and its abbreviated unit is ETH. This asset is considered the currency of the network as well as a way to pay fees and charges.

Learn more on Ethereum official website.

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Is Ethereum legal to buy in Hungary?

According to the Finance Ministry of Hungary, investing, trading and mining cryptocurrencies are legal in Hungary. But note that a legal definition for cryptocurrencies is still developing. This means that cryptocurrencies are not an official form of legal tender yet. Legal tenders are anything recognized by law as a means to settle a public or private debt or meet a financial obligation. It is estimated that Hungarians own about 300 billion HUF (850 million EUR) worth of cryptocurrencies.

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Is Ethereum taxed in Hungary

Yes. According to the new regulation of National Tax and Customs Administration (NAV), from 2022, 15% personal income tax will apply to cryptocurrencies. But note that you only need to pay taxes when you exchange your cryptocurrencies for traditional currencies such as euros. You do not have to pay tax for exchanging a cryptocurrency for another cryptocurrency. According to the new regulation mentioned above, investors can deduct their losses from their tax base. Also under the same regulation, you can have the option to deduct expenses related to trading from your tax base, such as fees of crypto exchanges. Although the new regulation will make the taxation of cryptocurrencies more transparent, Hungary still lacks detailed regulation on this topic.

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After you've bought Ethereum in Hungary

Ethereum is a popular blockchain that has been used in various projects. Due to the success of Ethereum, many developers and projects use this chain to build their own products. Smart contracts on Ethereum have been able to bring blockchain technology applications to other levels. Smart contracts allow users to determine their desired conditions and rules. 

In smart contracts, it is possible to include detailed conditions for each contract. This feature has made it possible for Ethereum to host various blockchain-based financial services. Some examples of Ethereum services you can benefit from include: Loaning, Decentralized Insurance, Decentralized Exchanges, Stablecoins, Profit Cultivation, Investing, Computer Games (Betting), and Non-Fungible Tokens (NFT).

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Who can buy Ethereum in Hungary?

Every resident of Hungary can convert, buy, and sell cryptocurrencies with fiat. Some supported payment methods are: Bank Deposit and PayPal. Buying is pretty easy for residents of Hungary, choose our exchange, verify your ID, connect your payment method, and buy away.

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Buy Ethereum at your ease

Payment methods to buy Ethereum in Hungary

Credit Card

Debit Card

Bank Transfer

Credit Card

Debit Card

Bank Transfer

PayPal

Google Pay

Apple Pay

PayPal

Google Pay

Apple Pay

GET STARTED

Just 3 easy steps to your first investment in Ethereum

Sign up and verify
your account

Make your first
deposit

Start your
investment journey

FAQ

Frequently asked questions

Ether is a functional currency. As the amount and use and acceptance of Ether increases, the price will also increase. Ethereum can be used to make processes smarter and get the most out of it. The price of Ethereum will increase if Ethereum is accepted by more institutions and its popularity and use increase. In 2016, the value of each ether was less than one dollar, but for example, in 2020, which was the year when digital currencies flourished, the price of Ethereum increased by 200 times. In conclusion, Ethereum has a special place among digital currencies and a bright future is predicted for it. With updates coming in the near future, Ethereum will become faster and a more viable investment option. Investing in Ethereum may seem risky, but if all goes well, the returns on this investment might be impressive.

According to the same regulation of the National Tax and Customs Administration mentioned earlier, those who pay taxes according to Hungarian law are subject to the Hungarian cryptocurrency tax. The point of taxation starts from the moment of conversion of cryptocurrency into FIAT currency; However crypto-to-crypto exchange is tax-free. Note that even if you don’t have to pay tax on your cryptocurrency, it is still worth declaring this in your tax report.

 According to the official tax regulation, there is also a small amount of income that Hungary doesn’t tax at all. The tax-free limit is ten percent of the current monthly gross minimum wage per day. That means a maximum of about 20,000 HUF per day. This tax-free amount is suitable for attracting beginner crypto investors.

Officially, ETH has a minimum fractional number called a Wei. Each Wei equals 0.000000000000000001 ETH (10-18). But the minimum amount you are allowed to purchase is dependent upon your exchange’s minimum limit. Our exchange allows a minimum of $10.

The crypto ATMs are everywhere in the country in cities like: Békéscsaba, Budapest, Debrecen, Győr, Kecskemét, Miskolc, Pécs, Sopron, Szeged and Szombathely. But our exchange authorizes fast and secure transactions through different means such as Apple pay, Google pay, Credit Card, Debit Card, Bank Transfer and PayPal. The better news is that there is no exchange fee applied by using our services.

To store Ether and Ethereum-based tokens, you need software or hardware called a “wallet”. A wallet can be considered like a bank account that is used to store, receive and send money.

Ethereum software wallets are free and you can easily install them on mobile phones (Android and iOS) or PCs (Windows, Linux, and Mac). Some wallets are also web-based and can be accessed with internet browsers (such as Chrome). In contrast, hardware wallets, which are more secure, are physically available and must be purchased from reputable stores. It is necessary to take a backup copy of your wallet so that you can recover your funds if the wallet is deleted, the password is forgotten, or the device on which the wallet is installed is damaged.

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