Best Crypto Exchanges Austria
Explore Austria's crypto landscape, its legal framework, top exchanges, and a step-by-step guide to buying crypto.
Summary: In Austria, the process of obtaining Bitcoin and other cryptocurrencies is streamlined and secure through exchanges that adhere to the European Securities and Markets Authority (ESMA) regulations. Austrian investors can use a variety of payment methods, such as bank transfers, SEPA payments, Austrian online banking services, and more to deposit Euros (EUR) and engage in buying, staking, and trading crypto assets within a regulated environment.
Our experts have evaluated and assembled a list of the top 5 trading platforms in Austria to help you embark on your cryptocurrency journey. Here are the best choices at your disposal:
Top Crypto Trading Platforms in Austria
Our team has assessed over 15 digital asset exchanges to provide Austrian investors with a secure and efficient investment pathway in this asset class. Our evaluation considers factors like FMA regulations compliance, security, platform functionality, fees, and user-friendliness.his analysis aims to highlight the leading exchanges in Austria, simplifying your introduction to cryptocurrency trading.
1. eToro
In Austria, eToro reigns as the leading crypto platform, providing investors with access to a broad spectrum of assets, including cryptocurrencies, stocks, commodities, currencies, indices, and ETFs. The platform stands out for its cutting-edge social trading options, such as Copy Trading, and a Virtual Account that allows users to refine their skills with €100K in simulated funds.
eToro is highly recommended for Austrian investors due to its efficient and cost-effective Euro (EUR) deposit options through SEPA Transfer, Austrian online banking services, Debit Card, and other widely-used methods. Furthermore, eToro offers attractive fees, with no initial commissions and appealing spreads.
- Fees: Free EUR deposits via SEPA Transfer, 0% fees and 1% spread.
- Supported Assets: 70+ cryptocurrencies, 3000+ stocks, 18 indices, 27 commodities, 49 fiat currencies, and 300 ETFs.
- Regulation & Licensing: Regulated & Licensed by the European Securities & Markets Authority (ESMA), CySEC, and the FCA.
- Customer Support Options: 24/7 support through live chat, email, and an online ticketing system.
- EUR Deposit Methods: Bank Transfer, SEPA Transfer, Austrian online banking services, Credit/Debit Card, PayPal, and Sofort.
2. Bitpanda
Bitpanda distinguishes itself as the best cryptocurrency exchange that is directly regulated by the Financial Market Authority (FMA) in Austria. Headquarted and founded in Vienna, Austria, Bitpanda offers a diverse suite of services, encompassing trading for trading over 3,000 cryptocurrencies stocks, ETFs and more. They are also one of the only European exchanges that offers secure cryptocurrency staking services.
With Bitpanda, you get an exclusively regulatory-compliant platform that encourages Euro (EUR) deposits from all Austrian banking institutions and supports a wide range of payment methods. But Bitpanda's offerings aren't restricted to cryptocurrencies; it extends its ambit to about 100 other assets that comprise sought-after stocks and ETFs. For investors seeking an on-ramp to the crypto world with a base in Austria, Bitpanda emerges as an unrivaled choice.
- Fees: Bank Transfers are free (EUR) and trading fees are 0.2%.
- Supported Cryptos: 3,000 cryptos, stocks, ETFs and precious metals.
- Regulation & Licensing: Regulated by the Financial Market Authority (FMA) of Austria.
- Customer Support Options: 24/7 customer support via live chat, email and social media.
- EUR Deposit Methods: Bank transfer, iDEAL, Debit/Credit Card, Sofort, NETELLER, Bank Wire and PayPal.
3. Uphold
Securing the third spot in Austria's illustrious crypto platform lineup is Uphold, a superb substitute for eToro for Austrian investors. Uphold distinguishes itself by ensuring real-time audited proofs of reserves for customer funds, making it an ultra-secure exchange to conduct trades across more than 200 cryptocurrencies. Additionally, it assures quick and cost-efficient Euro (EUR) deposits from any Austrian banking institution or payment method.
Uphold's multifaceted offerings extend to a broad array of stocks, ETFs, and metals, coupled with a fortified crypto staking platform that supports over 30 assets for deposit and interest earnings. Uphold's reputation for reliability and trustworthiness is underpinned by its regulation by both the Financial Market Authority (FMA) in Austria and the Cyprus Securities and Exchange Commission (CySEC) in Europe, promising Austrian users a dependable and secure trading experience.
- Fees: Free Euro (EUR) Deposits via Bank Transfer and 2.49% for Debit/Credit Cards. Trading Fees 0%.
- Supported Cryptos: 210 cryptocurrencies, 40 shares, 4 precious metals and 27 fiat currencies.
- Regulation & Licensing: Regulated and Licensed in Europe & Austria.
- Customer Support Options: 24/7 support via live chat and email.
- EUR Deposit Methods: Bank Transfer, Credit/Debit Card, SEPA, Google Pay & Apple Pay.
4. Bybit
Bybit is the best crypto derivatives exchange for Austrian users. They offer a variety of margin trading instruments with up to 100x leverage on Bitcoin, Ethereum and 300 other crypto assets. The platform also has a wide range of features such as indicators, charting tools and live order books which makes it suitable for advanced traders.
One issue with Bybit is that they are not directly regulated by Austrian Financial Authorities. This means that they operate in a relatively grey area as an off-shore exchange that does not require KYC or identity verification. That said, this does make them an attractive option for those looking to trade without having to go through a lengthy KYC process.
- Fees: Deposits and withdrawals are free and there are 0.1% fees on spot markets and the maker/taker rebate is 0.01%/0.06%.
- Supported Cryptos: 400+ cryptocurrencies.
- Regulation & Licensing: Not regulated by any government authority (hence no KYC requirements).
- Customer Support Options: 24/7 support via live chat, email, ticketing system & phone.
- EUR Deposit Methods: Bank Transfer, Credit Card, Debit Card, SEPA, iDEAL, Maestro & Google Pay.
5. Kraken
Kraken is the best crypto trading platform for European investors and in particular Austrian users. It offers spot trading for over 50 cryptocurrencies and allows users to deposit Euros (EUR) from any Austrian bank or payment method. It is also the only platform in Austria that provides real-time audited proof of reserves for customer funds, making it a safe and secure choice for Austrian traders.
Kraken also has a range of advanced features such as margin trading, options trading and futures trading. They are also regulated by the FCA in Europe, making them a secure and trusted choice for Austrian users.
- Fees: 0.16% - 0.26% maker & taker fees; up to 5x leverage available.
- Supported Cryptos: 100+ coins including Bitcoin, Ethereum, Solana & more.
- Regulation & Licensing: Regulated by the Financial Conduct Authority (FCA) of UK.
- Customer Support Options: 24/7 customer support via live chat, email and social media.
- Deposit Methods: Bank Transfer and Bank Wire only.
Is Buying Crypto in Austria Legal?
Yes, cryptocurrency purchase in Austria is legal. The country exhibits a supportive attitude towards digital currencies, reflected in a legal framework established by the Financial Market Authority (FMA). While cryptocurrencies are not classified as legal tender, the FMA guidelines permit their trade and use as a payment form.
Purchasing cryptocurrency in Austria can be done via a trustworthy exchange platform or an individual seller. Before any acquisition, it's recommended to continue to conduct thorough research into the crypto assets of interest and the chosen platform.
How to Buy Bitcoin and Crypto in Austria
If you are considering investing in Bitcoin or other digital currencies in Austria, this is a succinct, sequential guide to facilitate a secure and legally compliant transaction:
- Select a FMA-compliant platform: Choose exchanges that adhere to Austria's financial regulatory standards set by the Financial Market Authority (FMA).
- Account setup and verification: Complete your sign up by providing an email address, password and identity information.
- Deposit EUR: Fund your account using SEPA Transfer, traditional Austrian online banking methods, or debit/credit cards.
- Acquire cryptocurrency: Choose your desired digital currency and specify the amount to purchase in EUR or in another cryptocurrency, then confirm the transaction.
- Secure your assets: For enhanced security, transfer your digital assets to a crypto wallet.
This guide is designed to facilitate your initial steps into the realm of cryptocurrency in Austria, ensuring you adhere to local regulations and prioritize the security of your digital assets.
Bottom Line
In conclusion, Austria provides a conducive and secure environment for trading in cryptocurrencies, with top-notch exchanges adhering to the ESMA and FMA regulations. eToro, Bitpanda, Uphold, Bybit, and Kraken emerge as the top 5 trading platforms, offering an array of services and payment methods for a smooth crypto investment journey.
Their diverse offerings, regulatory compliance, efficient customer support, and attractive fee structures make them suitable choices for both beginners and experienced traders. Remember, the process of investing in cryptocurrencies in Austria is legal, but it's crucial to conduct thorough research and adhere to FMA regulations.
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