Best Crypto Exchanges in Belgium

Best Crypto Exchanges in Belgium

Explore Belgium's leading cryptocurrency exchanges, offering secure, FSMA-compliant trading options and diverse digital assets for investors.

Summary: In Belgium, investment in Bitcoin and other cryptocurrencies is primarily through exchanges regulated by the Financial Services and Markets Authority (FSMA) or similar European authorities. These platforms facilitate Euro deposits using SEPA transfers, various card options, and electronic payment methods.

Our in-depth research highlights the top 5 Belgian exchanges, known for their reliability and market compliance. These choices cater specifically to Belgian investors, providing secure and efficient services in line with regional regulations and investor needs.

  1. Bybit - Best Crypto Exchange in Belgium
  2. Uphold - Best for Beginners
  3. Kraken - Best for Institutional Investors in Belgium
  4. OKX - Best for DeFi Compatibility
  5. Gate.io - Best for Altcoin Investors in Belgium
Best Crypto Exchange in Belgium
5.0 out of 5.0 by Datawallet.
Bybit stands out as Belgium's best cryptocurrency platform due to its vast selection of over 770 digital assets, competitive fees, and adherence to European regulatory standards.
Free Euro (EUR) deposits and 0.1% fees.
Available Cryptos
770+ crypto assets to trade and stake.
EUR Deposit Methods
SEPA, bank transfer, credit card, debit card and more.

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Best Cryptocurrency Exchange Belgium

Following a detailed analysis of over 20 exchanges, we've determined the top five most suitable for investors in Belgium. Our criteria encompassed factors such as adherence to regulations set by the Financial Services and Markets Authority (FSMA) or equivalent European authorities, the variety of cryptocurrencies offered, ease of use, Euro (EUR) deposit options, and the fee structure. For Belgian investors searching for an exchange that aligns with their cryptocurrency goals, our curated list below delivers crucial insights.

1. Bybit

Bybit earns the top spot as the premier exchange for Belgian crypto investors, distinguished by its superior offerings and user-friendly features. Ideal for new and seasoned traders, Bybit stands out with instant and free SEPA deposits, a key advantage for those using Euros (EUR). The platform offers a diverse range of over 770 digital assets, catering to varied investment interests.

This exchange is not just about altcoin variety; it also offers futures contracts with up to 25x leverage and staking features, broadening the investment scope for those in Belgium. Bybit's competitive fees — a maker fee of 0.01% and a taker fee of 0.06%, along with stringent security protocols, fortify its position as a top choice. With over 10 million users worldwide, Bybit is recognized for its reliability and comprehensive services in the Belgian market.

  • Fees: Maker fee of 0.01% and a taker fee of 0.06%.
  • Supported Cryptocurrencies: An impressive lineup of over 770 digital assets.
  • Regulation & Licensing: Compliant with FSMA and equivalent European authorities.
  • EUR Deposit Methods: Supports instant and free SEPA deposits, debit cards, credit cards, bank transfers, Wise and more.
Bybit Belgium

2. Uphold

In Belgium, Uphold secures its position as a leading cryptocurrency exchange, distinguished by its offering over 260 digital assets for trading and staking. This platform operates under the oversight of reputable financial authorities, ensuring a secure trading environment for Belgian users. Unlike other platforms, Uphold facilitates swift and cost-effective Euro (EUR) deposits through various methods, including Bank Transfer, SEPA, Credit Card, and Debit Card.

Uphold stands out in the Belgian market for its commitment to transparency and security. It is one of the select exchanges providing an audited proof-of-reserves, showcasing real-time data on customer fund protection and ensuring their assets are always fully backed 1:1. This level of clarity and accountability positions Uphold as a highly secure and trustworthy exchange.

  • Fees: 1% trading fee and 1% spread fee.
  • Supported Assets: Offers a diverse portfolio of 260 cryptocurrencies and 4 precious metals.
  • Regulation & Licensing: Licensed by the Financial Conduct Authority (FCA) and available in Belgium.
  • EUR Deposit Methods: Includes SEPA, Bank Transfer, Credit/Debit Card, Google Pay, and Apple Pay, catering to a wide range of user preferences.

3. Kraken

Kraken emerges as the third-best cryptocurrency exchange in Belgium, skillfully meeting the requirements of the institutional crypto market. With trading volumes exceeding $207 billion each quarter, Kraken's popularity throughout Europe is rising, thanks to its platform that supports trading and staking over 250 cryptocurrencies. This includes well-known assets like Bitcoin, Ethereum, and Solana, as well as an array of emerging tokens.

Kraken's dedication to a superior user experience is evident in its highly-rated mobile apps, accessible via the App Store and Google Play. Belgian investors particularly value the platform's staking services, offering the potential for up to 25% annual rewards (APY). Kraken Pro, designed for professional trading, appeals to Belgium's sophisticated trading and institutional investors with its tight spreads, extensive liquidity, and high deposit limits, solidifying Kraken's position as a dependable exchange.

  • Fees: 0.01% for Maker Orders and 0.02% for Taker Orders.
  • Supported Assets: Over 200 spot markets and more than 100 markets with margin trading options.
  • Regulation & Licensing: Complies with European financial regulations, ensuring a secure trading environment.
  • EUR Deposit Methods: Supports a variety of deposit methods, including SEPA transfers, Bank Transfers, Credit Cards, Debit Cards, and more.

4. OKX

OKX secures its place as the fourth-best cryptocurrency exchange in Belgium, especially notable for its DeFi composability. The platform boasts a selection of over 300 crypto assets, extending its offerings beyond basic spot trading to include futures, options, and margin trading. A standout feature for Belgian DeFi enthusiasts is the OKX Wallet, which offers seamless integration with DeFi protocols like AAVE and Uniswap, enabling higher staking yields.

Based in Seychelles and adhering to its regulatory framework, OKX remains fully accessible in Belgium. It is particularly suited for institutional traders and those keen on DeFi, thanks to its robust API capabilities, top-tier liquidity, and web3 protocol compatibility.

  • Fees: OKX's competitive fee structure includes a 0.1% maker fee and a 0.2% taker fee, with a standard 0.1% fee for spot trading.
  • Supported Cryptocurrencies: Offers over 300 digital assets, encompassing futures and leveraged trading options.
  • Regulation & Licensing: While headquartered in Seychelles, OKX aligns with European financial regulations, ensuring a secure trading environment for Belgian users.
  • EUR Deposit Methods: SEPA transfers, debit cards, credit cards, Apple Pay and more.

5. Gate.io

Gate.io establishes itself as the fifth-best cryptocurrency exchange in Belgium, particularly distinguished for its vast altcoin offerings. This platform is notable for its extensive range of over 1,700 cryptocurrencies, positioning it as a top choice for those interested in trading a diverse array of digital assets. Gate.io's appeal in the Belgian market is enhanced by its zero trading fee feature for select purchases.

With a significant 24-hour trading volume and a user base surpassing 14 million, Gate.io showcases its capability and popularity in the global crypto landscape. The platform also introduces unique features like trading bots and a dedicated startup section, offering Belgian users various engaging market opportunities like special trading events and competitions.

  • Fees: Gate.io has competitive fees, starting at 0.1% for maker orders and 0.2% for taker orders.
  • Supported Cryptocurrencies: Offers an impressive selection of over 1,700 digital assets.
  • Regulation & Licensing: Based offshore in the Seychelles and not directly licensed in Belgium, but available for users.
  • EUR Deposit Methods: SEPA transfers and credit cards.
Gate.io Belgium

Is Crypto Regulated in Belgium?

In Belgium, cryptocurrency regulation primarily focuses on anti-money laundering, adhering to the EU's Fifth Money Laundering Directive. Virtual asset service providers must register with the Financial Services and Markets Authority (FSMA) if they have a Belgian establishment. While specific financial regulations for cryptocurrencies aren't established, they may fall under existing financial laws on a case-by-case basis.

Key activities like cryptocurrency exchange and custody are regulated, whereas borrowing, lending, and yield/staking are not explicitly covered but could be subject to financial or consumer credit regulations. Establishing a cryptoasset business or obtaining a license in Belgium typically involves a 3 to 5-month process with regulatory fees of up to 8,000 EUR.

Despite these measures, cryptocurrencies are not yet comprehensively regulated in Belgium, and they are not recognized as legal tender. The National Bank of Belgium and the FSMA have issued risk warnings, but there are signs of an evolving legal framework that may offer more extensive regulation in the future.

How is Crypto Taxed in Belgium?

In Belgium, the Special Tax Inspectorate (STI) oversees the taxation of cryptocurrencies, typically treating income or gains from cryptocurrency transactions as "miscellaneous income," which is subject to tax. This approach aligns with the limited specific guidance available in Belgium regarding cryptocurrency taxation. While the FSMA called for digital currency regulation in 2020, comprehensive tax policies or regulations tailored specifically to cryptocurrencies have yet to be fully established.

The European Central Bank (ECB) defines virtual currencies as digital representations of value, not issued by traditional financial institutions. It highlights both the potential risks, such as high volatility and lack of transparency, and advantages, like benefits for cross-border payments, of virtual currency schemes. This broader European perspective informs the evolving regulatory and tax landscape for cryptocurrencies in Belgium.

How to Buy Bitcoin and Crypto in Belgium

To buy Bitcoin or other cryptocurrencies in Belgium while adhering to local regulations, follow these key steps:

  1. Select a Regulated Exchange: Choose a cryptocurrency exchange compliant with Belgian laws, ensuring adherence to Financial Services and Markets Authority (FSMA) regulations.
  2. Register and Verify: Create an account with a valid email and strong password. Complete the KYC (Know Your Customer) process with required identification and residence proof.
  3. Deposit Funds: Use Euros (EUR) to deposit via SEPA transfers, credit/debit cards, or digital payment methods.
  4. Purchase Cryptocurrency: Select your desired cryptocurrency on the exchange, decide the amount in EUR or crypto, and confirm the purchase.
  5. Secure Your Investment: Transfer your crypto assets to a private wallet for enhanced security.

These guidelines facilitate a secure, compliant cryptocurrency investment in Belgium, emphasizing security and informed decision-making.

Bottom Line

In conclusion, Belgium's cryptocurrency market offers a robust and compliant investment environment, highlighted by five top exchanges: Bybit, Uphold, Kraken, OKX, and Gate.io. Each platform, adhering to tier-1 regulatory authorities in Europe or abroad, caters to a range of investor needs with distinct features, from Bybit's wide asset variety and user-friendly interface to Gate.io's expansive altcoin selection. 

While the regulatory and tax environment continues to evolve, these exchanges provide Belgian investors with reliable and compliant options for engaging in the cryptocurrency market.

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