Every year, Ukraine occupies leading positions in the ratings of cryptocurrency accumulation and use. This indicates increasing trust in cryptocurrency assets as a phenomenon and is an indicator of ongoing mass adoption. Entrepreneurs also do not ignore cryptocurrency. It should be noted that the only official means of payment in Ukraine is the hryvnia, and therefore, direct transactions in cryptocurrency are prohibited by current legislation.
However, a new technical solution is gaining some popularity - crypto-acquiring. What it is, how and whether crypto-acquiring can be used in principle will be helped by the lawyers of INFERNO DLK.
What is crypto acquiring?
Crypto-acquiring is a method of payment in which the client makes a payment in cryptocurrency, and the entrepreneur receives the equivalent amount in the national currency. It should be noted that crypto-acquiring is not and cannot be a method of receiving cryptocurrency, since such payments are directly prohibited by the current legislation of Ukraine and provide for the conversion of crypto assets into hryvnia.
How crypto acquiring works
The principle of crypto-acquiring is almost the same as the usual types of acquiring (e.g., merchant or Internet). Payment is made by the client through an intermediary (acquiring provider), who transfers these funds to the enterprise. The simplest example of acquiring is the use of POS terminals at points of sale or making payments for purchases on the Internet. The key feature of crypto-acquiring is that the provider accepts the selected cryptocurrency from the client and exchanges it for fiat money - hryvnia. At the end of this chain, the seller or service provider receives hryvnia funds as payment. This creates comfort for the client and creates a variety of ways to pay for goods/services.
Advantages of crypto acquiring
The first, if not the main, advantage of using crypto-acquiring is the coverage of a larger market segment. Crypto-acquiring provides customers with the opportunity to pay with cryptocurrency, which greatly simplifies the purchase of goods/services for a significant segment of buyers, especially in the field of e-commerce. Secondly, most crypto-acquiring providers provide faster and more efficient payment processing compared to conventional acquiring providers. Thirdly, payment in cryptocurrency provides significantly higher security and, in most cases, significantly lower fees.
Examples of crypto-acquiring in Ukraine
As of 2025, crypto-acquiring has not yet taken its place in Ukraine. Despite the gradual application by small and medium-sized businesses, it is still difficult to name examples of “market giants” using crypto-acquiring. This is mainly due to insufficient legislative regulation and the lack of positions of state bodies (e.g., NBU, State Bank of Ukraine, etc.). Until the relevant regulation comes into force, there will be a risk that the use of crypto-acquiring may attract unwanted attention from regulatory authorities.
Inferno DLK lawyers provide comprehensive advice on all the features and legal risks of using crypto-acquiring by businesses and provide appropriate support.
Frequently asked questions:
- Do you provide full support when connecting and using crypto acquiring?
Yes, INFERNO DLK lawyers provide a full range of services: from preliminary consultations and search and verification of a crypto-acquiring provider for the individual needs of your business to communication with state authorities and judicial representation if necessary. - What is the cost of services?
The cost of services depends on specific circumstances and is formed after the lawyer processes the client's request. To find out the price of services, please contact the relevant contacts.
Show on map