WHERE TO BUY BITCOIN

First we'll cover in person options around Prague and then online options in the Czech Republic.


IN PERSON AROUND PRAGUE

Bitcoin ATMs generally have faster transaction confirmation times & lower fees


ATM @ ALZA.CZ

  • Low confirmation time & transaction fee %

STATS

  • Confirmation Time: Typically about 10 minutes, but up to 1+ hours to be deposited in your wallet after purchase
  • Transaction fee: CZK 30 + 2.9% of transaction
  • Minimum purchase: CZK 500


ATM @ BAR NO 7

  • Low confirmation time & centrally located in Prague

STATS

  • Confirmation Time: about 10 min, up to 1+ hrs
  • Transaction fee: CZK 30 + 4.9%
  • Min purchase: CZK 500

My choice:

ATM @ PARALELNÍ POLIS

  • Bitcoin-only espresso bar, Bitcoin Coffee
  • Low confirmation time & immersive crypto experience

STATS

  • Confirmation Time: about 30 min, up to 1+ hrs
  • Transaction fee: CZK 30 + 4.9%
  • Min purchase: CZK 500

 


ONLINE IN THE CZECH REPUBLIC

Online sites and apps are convenient and popular platforms, especially if you can't make it to an ATM

COINBASE

  • Convenient, popular exchange
  • Extremely variable confirmation time, higher fees and minimum than most ATMs
  • U.S. based, modern user experience on mobile and desktop

STATS

  • Confirmation Time: transactions show up in your account almost instantly within a few secs but are 'pending' until enough network confirmations go through, with some reports of purchases not going through for up to a few days
  • Transaction fee: CZK 70, but 1.49% above about CZK 4750
  • Min purchase: CZK 600

SIMPLECOIN

  • Lower fee and minimum than most online exchanges
  • Czech based

STATS

  • Confirmation Time: unstated by site but most likely same variety as coinbase
  • Transaction fee: CZK 15, but may be higher with small transactions
  • Min purchase: unstated but at least above transaction fee

BINANCE

  • Lower fee and minimum than most online exchanges
  • International, world's leading crypto exchange
  • Desktop and mobile platform

STATS

  • Confirmation Time: unstated by site but most likely same variety as coinbase
  • Transaction fee: 3.5% or 10 USD, whichever is higher
  • Min purchase: 10 USD

For more info about where to buy Bitcoin around Prague...

Buying Bitcoin in Prague. Spring 2020.
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