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

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Learn More about buying USDC in Hungary
How to buy USD Coin in Hungary
Is USDC a good investment in Hungary?
The USD coin was released in September 2018 as a bridge between dollars and trading on cryptocurrency exchanges. It means USD Coin is equal to USD but in the cryptocurrency world. Therefore, its price is always equal to $1. However, there were sometimes during its history when the price changed a bit, but that wasn’t that much to consider. Anyhow, the USDC price has never been more than $1, and less than $0.99. That shows how stable this coin has been through all these years.
Since the USDC price never changes, you might wonder if it is a good investment. To answer this question, we need to explain how stablecoins are used and invested. They are not considered an investment to get profit, but investors usually buy stablecoins to avoid the volatility of the cryptocurrency market. If the market seems so volatile, traders and investors swap their coins with USDC and keep it stable until they pass the bad days of this market. That’s how they can keep their assets safe from losing their value.
What is USD Coin ?
Circle is a financial technology company that created USD Coin with the collaboration of Coinbase. Their main goal was to help people gain more money on the internet and be able to exchange their coins more easily. The USD coin is considered a dollar in people’s digital wallets.
Is USD Coin 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.
Is USD Coin 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.
After you've bought USD Coin in Hungary
USD Coins can be used to pay for goods or services. It is also tradable on most exchanges. Thus, you can trade your USDC to any other cryptocurrency whenever you want. USDC owners can always exchange it with the dollar and receive cash equal to the number of coins they have. For example, if you have 100 USD coins in your wallet, you can turn them into $100 cash. Furthermore, USDC offers investors safety during times of instability or downturn in the crypto market. Therefore, it is the best option for investors to keep their digital assets stable for a while. Since the price of USDC is always stable, they won’t lose much money. However, you should still read more about it to know if it is the best time to trade your current assets with USDC or buy this coin.
Who can buy USD Coin 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.
Buy USD Coin at your ease
Payment methods to buy USD Coin in Hungary
Credit Card
Debit Card

Bank Transfer
Credit Card
Debit Card

Bank Transfer
PayPal
Google Pay
Apple Pay
PayPal
Google Pay
Apple Pay
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Just 3 easy steps to your first investment in USD Coin
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Make your first
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investment journey
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FAQ
Frequently asked questions
Most exchanges support USDC as a trusted and available coin. Find a suitable exchange to trade or buy this coin. However, some exchanges may ask you to pay additional money as the processing fee. But if you buy USDC in the BlockTrade exchange, you don’t have to pay that fee. That’s why Blocktrade is considered one of the cheapest and the most secure exchanges to buy crypto.
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.
USD Coin will be available as long as the cryptocurrency world is still alive. Furthermore, since its price is stable and equal to the dollar, it would still be in use in the future.
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.
The truth is that USD Coin is not as profitable as other cryptocurrencies. The main advantage it has is the stable price. Therefore, you can use this coin to stabilize your digital assets for a while or be able to exchange coins more efficiently.
