The Russian Federation is one of the most stalwart nations on the planet, resisting the most numerous sanctions in history and still thriving in both financial and cryptocurrency industry terms. Such robust and reliable institutions as those in the Russian Federation allow the nation’s citizens to enjoy a certain degree of financial freedom and presence in the digital and international space without having to worry much about the fact that Swift was disconnected. Considering the fact that the Russian authorities have adopted a rather blind approach to the question of cryptocurrency regulations, people in the country have a certain degree of freedom in using digital assets for international and cross-border transactions.
Bitcoin and other cryptocurrencies are openly traded on the Russian digital assets market, making it an attractive place for international traders to look for interesting orders. Cryptocurrencies and fiat alike are accepted by many Russian freelancers for their services, and many businesses are also turning to stablecoins as a means of payment for their products. The payment methods and channels used for these purposes vary, but the core principle remains the same – Russia is open for business regardless of the sanctions being imposed on it by the western authorities.
Ethereum ETH, Tether and other digital assets are extremely popular in Russia as means of payment and as instruments for investments. However, Bitcoin is still the most coveted asset, despite its restrictive price and high volatility. Russian users eagerly accept USDT, Ethereum ETH and other cryptocurrencies as payment for their services and are ready to invest in such assets from their own pockets, believing in the prospects of the digital assets industry.
Buy Bitcoin in Russia Easily
In order to buy Bitcoin in Russia, users will first have to find a suitable trading platform that operates on the local market. Though the large platforms of the world have left the Russian market, many still remain and offer their services in a very limited scope. Apart from BTC, Ethereum ETH, and USDT, other assets are also very popular in Russia, including:
- Tron;
- LTC;
- Dogecoin;
- EOS.
Once users have found a local trading platform, preferably one from the peer-to-peer domain, they will have to top up their account balances with the local currency – the Russian Ruble. The currency is the most popular means of payment in the country and the only legal one accepted on the national level. The Ruble will then be used to top up the account balance and buy Bitcoin directly in a few clicks, since the trading platforms on the Russian market offer very deep order books with plenty of orders from a large number of sellers. This makes buying and selling Bitcoin in Russia very fast and easy.
Key Takeaways
The sanctions imposed on the Russian Federation did not stop the citizens of the country from engaging in a variety of financial activities. On the contrary, the restrictions only spurred the innovation of new services in the country and gave a major impetus for the development of alternative payment gateways and channels that act on par with cryptocurrencies for cross-border settlements. Buying Bitcoin in Russia is not a problem even in the situation of a complete withdrawal of foreign platforms and exchanges from the country, since countless local P2P and decentralized exchanges are readily available.
