Best Crypto Exchanges in Croatia

Best Cryptocurrency Exchanges in Croatia

Our expert team has completed an examination of the 13 cryptocurrency exchanges available in Croatia to identify the top options for local investors. This thorough assessment considered compliance with the Croatian Financial Services Supervisory Agency (HANFA) regulations, EUR deposit options, user experience, supported digital currencies, fee structures, and features. Below is a comparison table highlighting the top 5 platforms for Croatian traders.

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1. Bybit

Bybit is currently the second largest exchange in the world with a daily trading volume $17 billion across both spot and futures order books. It serves over 30 million users in Croatia and 160 other countries. Thanks to this global availability, the interface can be used in 20 languages, including Croatian, and provides live local customer support. The platform also accepts deposits in Euros through several payment methods.

One of the key features is the transparent asset holdings, which allows users to check the balances of Bybit’s proof-of-reserves. This gives users peace of mind that their funds are secured and always accessible. Additional services and products include an NFT marketplace, copy trading services, trading bots, TradeGPT, liquidity mining, staking, lending and borrowing, plus the Bybit Visa card.

• Fees: Maker and taker fees of 0.02% and 0.055% for futures, plus a 0.1% spot trading fee
• Supported Assets: Over 1,100 digital assets.
• Regulation & Licensing: Regulated by CySEC across Europe and is available in Croatia.‍
• EUR Deposit Methods: Bank transfers, SEPA, iDEAL, Easybank, Zen and credit or debit cards.

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2. Uphold

Uphold is a highly accessible cryptocurrency exchange servicing over 150 countries with a user base surpassing 10 million. It shines with an expansive portfolio of over 250 digital assets, 27 fiat currencies and four precious metals, presenting a strong alternative for local investors. A notable feature is its attractive staking options, enabling investors to earn up to 25% Annual Percentage Yield (APY) on a selection of up to 30 cryptocurrencies.

It is renowned for its commitment to transparency and reliability, adhering to European regulatory standards and being registered with prominent financial authorities worldwide. This dedication to compliance and security makes it a trustworthy choice for Croatian users. Its emphasis on transparency is evidenced by its audited proof-of-reserves, assuring that each digital asset is backed 1:1, solidifying its status as a transparent platform.

• Fees: A trading fee of 1% and a spread fee of 1%.
• Supported Assets: Over 250 digital assets, 4 precious metals, and 27 fiat currencies.
• Regulation & Licensing: Aligns with European regulations and is operational in Croatia.‍
• EUR Deposit Methods: Bank transfers and credit or debit cards.

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3. MEXC

MEXC is a cryptocurrency exchange known for its extensive assortment of over 800 digital assets to trade across spot and derivatives markets. It offers high-leverage futures trading with options up to 200x supported on hundreds of contracts. This aspect is particularly beneficial for skilled traders. It is licensed in Estonia but adheres to rigorous regulatory standards in Croatia, assuring a safe and compliant trading environment.

The platform caters to varied trading preferences with offerings like spot and margin trading, staking, and Initial Exchange Offerings (IEOs). Its capability to manage over $2 billion in daily trading volume reflects a robust commitment to market flexibility. MEXC's broad range of trading options, competitive fee structure, and emphasis on user experience position it as a great choice for traders looking to trade derivatives.

• Fees: Maker fees ranging from 0.02% to 0.06% and taker fees between 0.06% and 0.08%.
• Supported Assets: Over 800 cryptocurrencies.
• Regulation & Licensing: Operates with an Estonian license and is available in Croatia.‍
• EUR Deposit Methods: Bank transfers and debit or credit cards.

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4. Gate.io

Gate.io is an exchange celebrated for its extensive variety of digital assets available to trade across multiple order types. The platform features over 2,100 cryptocurrencies, accommodating users who seek a wide range of investment options. In Croatia’s dynamic and rapidly growing crypto market, the platform sets itself apart with its attractive fee structure, starting from only 0.1% for spot trades and a competitive maker/taker rebate.

The high 24-hour trading volume of $7 billion and broad user base of 14 million further cement its position as a popular global trading platform. It enriches the trading experience with advanced features like automated trading bots, staking services, crypto loans and a dedicated startup section. This variety resonates with Croatian traders' specific interests, delivering a platform that aligns with their investment objectives.

• Fees: Maker fees start at 0.1% and taker fees at 0.2% for futures.
• Supported Assets: Over 2,100 digital assets.
• Regulation & Licensing: Based offshore in Seychelles but available in Croatia.‍
• EUR Deposit Methods: Bank transfers and debit or credit cards.

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5. OKX

OKX is a cryptocurrency exchange tailored to large-scale and institutional investors. It is popular for its expansive selection of over 300 crypto assets to trade on spot, futures, and options markets, with leverage options up to 100x available. Operating out of Seychelles, it has acquired licensing in several jurisdictions, including Croatia, and is allowed to operate across Europe.

A standout feature is its vibrant DeFi ecosystem, anchored by the OKT Chain, which parallels the features of Binance's BNB Chain. This ecosystem facilitates high-yield DeFi investments, appealing to experienced traders searching for profitable ventures. There is also a native crypto wallet called OKX Wallet, and a native token called OKB Coin.  ts attractiveness is further enhanced by an active NFT marketplace and sophisticated DeFi portfolio management tools.

• Fees: Trading charge of 0.08%.
• Supported Assets: Over 300 cryptocurrencies.
• Regulation & Licensing: Adheres to international standards and is available in Croatia.‍
• EUR Deposit Methods: Bank transfers, Apple Pay, Google Pay, debit cards and credit cards.

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Is Crypto Regulated in Croatia?

Cryptocurrency regulation in Croatia is managed by the Croatian Financial Services Supervisory Agency (HANFA). As of January 1, 2020, entities providing exchange services between virtual and fiat currencies or custodian wallet services must register with HANFA and comply with the Anti-Money Laundering and Terrorist Financing Act. This act mandates rigorous measures to prevent financial crimes. 

HANFA does not authorize or license these service providers but maintains a register of entities that have notified their activities. HANFA advises caution when engaging with unregistered companies and highlights that, until the full implementation of the EU's Markets in Crypto-Assets (MiCA) regulation by December 2024, Croatian crypto investors won't benefit from EU-wide regulatory safeguards.

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How is Crypto Taxed in Croatia?

Cryptocurrency taxation in Croatia is governed by general Croatian and EU tax rules, as specific guidelines for crypto are still evolving. The Croatian Tax Administration oversees the implementation of crypto related tax regulations. Digital currencies are treated as "other means of payment," and income derived from their sale is subject to capital gains tax at a rate of 10%, provided the assets are held for less than two years. 

If held longer, the gains are exempt. For businesses, crypto-related income is subject to Corporate Income Tax, which is 18%, or 10% for small enterprises with annual revenues under €1,000,000. Additionally, VAT does not apply to cryptocurrencies, aligning with EU directives. Croatia's tax system supports innovation through various incentives, including grants for high-tech equipment and job creation.

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How to Buy Bitcoin in Croatia

This guide provides a step-by-step process for purchasing Bitcoin and other cryptocurrencies in Croatia through a digital asset exchange.

1. Open Account: Start by providing your name and email address to set up an account on your chosen cryptocurrency exchange. You will need to verify your identity with a photo ID, such as a driving license or passport before you can use the platform.
2. Deposit Euros: Navigate to the deposit section of your account. Enter the amount of Euros you wish to transfer and select your preferred payment method, such as a bank transfer, credit card, or debit card. Check the platform’s fees and limits to understand how long it will take for your funds to be credited.
3. Select Cryptocurrency: To buy Bitcoin or other cryptocurrencies, enter the coin name or symbol in the search box. For example, search for BTC to buy Bitcoin. Choose the EUR/BTC pair and enter your trade details.
4. Execute Trade: Click the ‘buy’ or ‘trade’ button to purchase your chosen cryptocurrency. Enter the amount you want to buy and complete the trade.

This guide ensures a smooth process for Croatian users to engage in digital asset trading, from account setup to executing trades.

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Bottom Line

In conclusion, Cryptocurrency adoption in Croatia has grown rapidly, and it is supported by a favorable regulatory framework and an increasing number of trading platforms. With HANFA ensuring compliance and security, local investors can confidently explore digital currencies. Our thorough evaluation of available exchanges highlights the top options for Croatian traders, including Bybit, Uphold, MEXC, Gate.io, and OKX. Each platform offers unique features catering to different trading needs, making it easier for investors to choose the best fit.