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What happened to bitcoin during the Cyprus banking crisis?

Bitcoin rallied sharply as the Cyprus banking crisis unfolded in March 2013. The cryptocurrency surged 178% to $93 that month and hit a record high of $265 in May 2013. Back then there were reports of euro and Russian ruble holders diversifying into bitcoin after seeing bank shutdowns in Cyprus.

How to buy bitcoin in Cyprus?

Changelly allows one to exchange one cryptocurrency for another and also buy using a bank card. Buying bitcoin and other cryptocurrencies in Cyprus is a simple process and usually takes less than 10 minutes to get fully setup. The first step is to register with a platform, app or exchange and complete a Know Your Customer (KYC) process.

What cryptocurrencies do Cypriots invest in?

This selection includes prominent cryptocurrencies like Bitcoin, Ethereum, and Solana, as well as major stocks such as Coinbase and Microstrategy. This diverse portfolio enables Cypriot investors to efficiently diversify their investments using a single, fully regulated platform.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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