What happened to the old xChange.bg exchange?

The same team rebuilt xChange.bg around a different model. Instead of buying and selling crypto through the company, you get EUR and USD accounts in your own name, a stablecoin wallet you control, and payouts to any bank. Accounts and conversions are provided by the regulated partner Bridge, a Stripe company.

Is it the same company and the same people?

Yes. xChange.bg is operated by Global Xchange JSC, UIC 208656898, with its office at 66 Vitosha Blvd., floor 4, Sofia. The team behind the exchange since 2017 runs the new service, and support answers in Bulgarian and English.

How do the new fees compare with the old exchange?

The old exchange charged a commission of about 3%. Now money in by bank transfer costs 1.5% (minimum EUR 1), payouts to a bank cost 1.25% (minimum EUR 2), the account is free and transfers between xChange.bg clients are free and instant.

Do I need to register again?

Yes, the new service uses a new sign-up. You sign in with your email and a one-time code, then pass an identity check with our licensed partner to get your EUR IBAN and USD account details. For questions about your history with the old exchange, write to support@xchange.bg.

Where is my money held now?

In a self-custody wallet that only you control. xChange.bg holds no keys and cannot freeze your balance. Fiat services, such as the IBAN and payouts to banks, are provided by Bridge, a Stripe company, which is not a bank.

I still hold crypto from the old days. Do I owe tax when I sell?

Selling or exchanging crypto-assets is taxable in Bulgaria: the net result for the year is taxed at 10% after a 10% statutory deduction and declared in Annex 5 of the annual return. Keep your old purchase records, because they set your acquisition price.

Coming back to xChange.bg after the old exchange

By xChange.bg team
Published 16 September 2026

The situation

Stoyan, 41, a civil engineer in Pleven, bought his first bitcoin on xChange.bg in 2018. He liked that he could fund an order with a bank transfer from his Bulgarian account, that the price was shown before he confirmed, and that when something went wrong he could call someone who answered in Bulgarian. Over the years he bought and sold a few times, then stopped logging in.

This autumn a friend mentions that xChange.bg is back. Stoyan opens the site and sees words he does not remember from the old exchange: accounts in your own name, USDC, self-custody. He has questions. Is it the same company? What happened to the exchange? Is this riskier or safer than before? And is it worth coming back if he now mostly wants a cheap way to move euros onto the blockchain and back?

Where the cost or risk really comes from

What the old model cost. On the old xChange.bg exchange, a client paid a commission of about 3% on an order. For many people the alternatives were worse: card purchases on foreign platforms with card fees, or peer-to-peer deals with strangers.

Why it changed. Money now moves differently. Stablecoins such as USDC settle in seconds at any hour, and accounts in your own name let you pay yourself in and out like any bank transfer. The team built the new service around that, instead of a trading desk that sits between you and your money.

What the new model changes about risk.

Your money sits in your wallet, not in the company's. The relaunched xChange.bg gives you a self-custody wallet. xChange.bg holds no keys and cannot freeze your balance. That removes the risk of the company holding your funds, and adds the responsibility of protecting your own access.
Money moves through licensed partners. Your EUR IBAN and USD account details, and the conversion to stablecoins, are provided by Bridge, a Stripe company. xChange.bg operates the technology.
The balance is a stablecoin. Your balance is in USDC, which is issued by Circle and backed by reserves. It is not a bank deposit.
Fees are lower and shown upfront. 1.5% in, 1.25% out, account free, transfers between clients free.

What stayed. The same team in Sofia, Global Xchange JSC at 66 Vitosha Blvd. Support by a person who answers in Bulgarian on the same business day. Prices and fees shown before you confirm. No monthly fees.

How to handle it

Sign up again. The new service has a new sign-up. Enter your email and the six-digit code; there is no password. Your wallet is created at the first sign-in.
Verify your identity. To open accounts in your name, our licensed partner checks your ID card or passport and a selfie.
Get your accounts. You receive a euro IBAN and US dollar account details in your own name. Incoming euros arrive as USDC. See the EUR account.
Move money in. Send a transfer from your Bulgarian bank to your own IBAN, as you used to fund orders. It arrives in your wallet minus 1.5%. If you already hold USDC elsewhere, you can send it to your wallet on-chain instead.
Move money out when you need to. Pay out euros to your own bank, or to anyone you pay, at 1.25%, usually the same day.
If you still hold old crypto, sort out the paperwork. Find your old purchase records before you sell anything, because they set your acquisition price for tax. See cashing out to a Bulgarian bank and the crypto tax guide. This is not tax advice.
Ask a person if something is unclear. Write to [email protected]. The office is at 66 Vitosha Blvd., floor 4, Sofia.

Setup checklist

New xChange.bg account created with an email you control and protect
Identity verified
Your own Bulgarian IBAN saved for payouts
Old purchase records from the exchange years found and stored
A small first transfer in and out, to see how it works before larger amounts

Worked example

Stoyan wants to move EUR 1,000 onto the blockchain and later bring it back to his bank. The comparison below is about fees only. The old exchange sold crypto-assets such as bitcoin, while the new service moves money into stablecoins, so the products are not identical. The old column assumes the commission of about 3% applied both on the way in and on the way out. No price or exchange rate movement is assumed.

	Old exchange, about 3%	xChange.bg now
Money in, EUR 1,000	about EUR 30 commission	EUR 15.00 (1.5%)
Value after the fee	about EUR 970	EUR 985.00, held as USDC
Money out of that value	about EUR 29.10 commission	EUR 12.31 (1.25%)
Back in the bank	about EUR 940.90	EUR 972.69
Total cost of the round trip	about EUR 59.10	EUR 27.31

Because the balance is held in USDC, the real round trip also depends on the EUR/USD rate between the two dates; the table assumes the rate does not change. Transfers to another xChange.bg client in between cost nothing, and sending stablecoins to any external wallet costs the network fee only.

What this is based on

The history of the old exchange and its commission of about 3% come from xChange.bg's own records. The stablecoin background comes from ESMA's pages on the Markets in Crypto-Assets Regulation. The role of Bridge, a Stripe company, in fiat services is set out in the legal notice on the xChange.bg site. The wallet is built on Privy, as described in Privy's documentation, and USDC facts come from Circle. Tax remarks follow the National Revenue Agency's crypto-assets page. Current fees are on the pricing page. Stoyan is an illustrative client.

Frequently asked questions

What happened to the old xChange.bg exchange?: The same team rebuilt xChange.bg around a different model. Instead of buying and selling crypto through the company, you get EUR and USD accounts in your own name, a stablecoin wallet you control, and payouts to any bank. Accounts and conversions are provided by the regulated partner Bridge, a Stripe company.
Is it the same company and the same people?: Yes. xChange.bg is operated by Global Xchange JSC, UIC 208656898, with its office at 66 Vitosha Blvd., floor 4, Sofia. The team behind the exchange since 2017 runs the new service, and support answers in Bulgarian and English.
How do the new fees compare with the old exchange?: The old exchange charged a commission of about 3%. Now money in by bank transfer costs 1.5% (minimum EUR 1), payouts to a bank cost 1.25% (minimum EUR 2), the account is free and transfers between xChange.bg clients are free and instant.
Do I need to register again?: Yes, the new service uses a new sign-up. You sign in with your email and a one-time code, then pass an identity check with our licensed partner to get your EUR IBAN and USD account details. For questions about your history with the old exchange, write to [email protected].
Where is my money held now?: In a self-custody wallet that only you control. xChange.bg holds no keys and cannot freeze your balance. Fiat services, such as the IBAN and payouts to banks, are provided by Bridge, a Stripe company, which is not a bank.
I still hold crypto from the old days. Do I owe tax when I sell?: Selling or exchanging crypto-assets is taxable in Bulgaria: the net result for the year is taxed at 10% after a 10% statutory deduction and declared in Annex 5 of the annual return. Keep your old purchase records, because they set your acquisition price.