Top Crypto Trading Platforms in Cyprus

Several crypto platforms in Cyprus operate within a transparent regulatory landscape managed by the Cyprus Securities and Exchange Commission (CySEC). While digital currencies are not classified as official currency in Cyprus, CySEC authorizes local and international platforms to offer crypto trading services legally. Below is a comparison of the best exchanges for traders in Cyprus.

‍1. Kraken

Kraken, established in 2011, is one of the oldest crypto exchanges in the world and the best option for investors in Cyprus. It serves over 15 million clients across 190 countries and provides a multilingual interface that is accessible in English, Turkish, Greek and six other languages. 

Cypriot traders appreciate Kraken's user-friendly platform, advanced Kraken Pro terminal tailored for professional trading, and the dedicated Kraken Wallet for secure asset management. Beyond basic trading, it delivers margin trading with up to 5x leverage and derivatives trading. 

Additionally, its Auto Earn feature allows clients to generate yields of up to 17% APR. The exchange also maintains industry-leading security standards, rigorous compliance practices, and a transparent Proof-of-Reserves policy, which is regularly audited by third-party authorities.

Platform Highlights:

• Fees: Maker fees are 0.16%, and taker fees are 0.26%.
• Supported Assets: Over 420 cryptocurrencies.
• Regulation & Licensing: Kraken operates under Payward Europe Digital Solutions (CY) Limited and is regulated by CySEC as an investment firm (licence number 342/17).
• EUR Deposit Methods: SEPA transfers, credit cards, debit cards, bank transfers, Apple Pay, Google Pay, and PayPal.

2. eToro

eToro is a trusted multi-asset trading platform, known for its simple interface and diverse investment opportunities. Since its launch in 2007, it is home to over 35 million users globally who rely on it for secure access to 7,000+ tradable assets, including stocks, ETFs and crypto.

Users find value in the innovative CopyTrader feature, allowing automatic replication of trades executed by thousands of experienced investors. This tool enables beginners and busy professionals to benefit from advanced market insights without extensive trading experience.

Additionally, it supports diversified investing through curated investment portfolios, making it easier for investors in Cyprus to spread risks effectively across multiple asset classes. Fully regulated by CySEC, eToro adheres strictly to EU’s MiCA standards for investor protection.

Platform Highlights:

• Fees: 1% transaction fee for crypto trades, plus variable spreads.
• Supported Assets: Over 100 cryptocurrencies, plus 7,000+ stocks, ETFs, and indices.
• Regulation & Licensing: eToro (Europe) Ltd, is regulated by CySEC under licence number 109/10.
• EUR Deposit Methods: SEPA transfers, credit cards, debit cards, PayPal, Skrill, and Neteller.

3. Binance

Binance remains a preferred crypto exchange for traders in Cyprus due to its copy trading services, highly competitive fees, and extensive trading options. Founded in 2017, it became the world's leading exchange, now boasting over 270 million registered users across 180 countries.

The platform offers a diverse suite of services, including spot trading, futures contracts with 100x leverage, and margin trading. Binance Earn also allows users to grow their crypto holdings passively through staking, lending, borrowing, savings products, and yield farming opportunities.

For investors interested in digital art and collectibles, Binance features a comprehensive NFT marketplace for trading, staking, and loaning NFTs. Security and transparency remain a strong focus, evidenced by its commitment to regular proof-of-reserve audits and MiCA compliance.

Platform Highlights:

• Fees: Low trading fees starting from 0.1%.
• Supported Assets: Over 400 cryptocurrencies.
• Regulation & Licensing: Not regulated by CySEC but adheres to MiCA regulations.
• EUR Deposit Methods: SEPA transfers, bank cards, Google Pay, and Apple Pay.

4. Uphold

Uphold is an ideal crypto exchange for beginner traders in Cyprus. It has become trusted by millions due to its transparency practices, publishing real-time proof of assets and liabilities every 30 seconds. This commitment to openness sets it apart, appealing to new crypto investors.

Trading simplicity defines the user experience, with effortless one-step transactions enabling instant trades between cryptocurrencies, fiat currencies, and precious metals. Uphold regularly introduces promising new tokens, giving users early access compared to other exchanges. 

Furthermore, it offers staking services, allowing clients to earn up to 15% APY across 19 cryptocurrencies. Uphold’s security is backed by comprehensive certifications including SOC 2 Type 2, ISO 27001, and PCI DSS standards, and it adheres strictly to GDPR guidelines. 

Platform Highlights:

• Fees: Spreads typically range between 0.8% - 1.2%.
• Supported Assets: Over 250 cryptocurrencies, 27 fiat currencies and 4 precious metals.
• Regulation & Licensing: Compliant with MiCA regulations.
• EUR Deposit Methods: SEPA, credit cards, debit cards, and bank transfers.

5. OKX

OKX is recommended for users seeking access to DeFi, Web3, and advanced trading products. It has 30 million+ registered customers across more than 180 countries, including Cyprus. The platform is recognized for its superior liquidity, powerful trading interfaces, and extensive crypto offerings.

Cypriot traders benefit from the comprehensive trading services, including spot markets, perpetual and expiry futures, and crypto options. Users can easily connect their OKX accounts to the renowned TradingView platform, allowing advanced charting directly from a familiar interface.

It also supports wealth-building via flexible earning options, including high-yield DeFi products like on-chain staking and crypto loans. Institutional clients and pro traders gain exclusive access to OKX’s OTC liquidity network, ultra-low latency API connections, and robust market insights.

Platform Highlights:

• Fees: Trading fees start from 0.08% for maker and 0.1% for taker.
• Supported Assets: Over 350 cryptocurrencies.
• Regulation & Licensing: Not regulated by CySEC but adheres to MiCA regulations.
• EUR Deposit Methods: Credit cards, debit cards, SEPA transfers, Google Pay, and Apple Pay.

6. Gate.io

Gate.io is a popular exchange for traders in Cyprus, known for its extensive range of digital assets, supporting over 3,900 cryptocurrencies and thousands of NFTs. The platform provides deep liquidity, quick transactions, and a highly intuitive user interface that can be used in 20 languages.

There are numerous trading products, including spot markets, leveraged ETFs, margin trading, and perpetual futures contracts with leverage up to 125x. Additionally, the innovative 'Pilot' feature grants users early access to emerging blockchain projects, providing competitive fees.

Beyond traditional trading, Gate.io integrates advanced Web3 solutions such as a decentralized multi-chain wallet, cross-chain swaps, DeFi staking, airdrops, and an NFT marketplace. It also features Gate Pay and Gate Card, enabling seamless crypto payments globally.

Platform Highlights:

• Fees: Trading fees are 0.2%.
• Supported Assets: Over 3,900 cryptocurrencies.
• Regulation & Licensing: Adheres to MiCA regulations.
• EUR Deposit Methods: SEPA transfers, credit cards and debit cards.

Is Crypto Regulated in Cyprus?

The Cyprus Securities and Exchange Commission (CySEC) serves as the principal regulatory authority, overseeing the registration and supervision of Crypto Asset Service Providers (CASPs) under the Prevention and Suppression of Money Laundering and Terrorist Financing Law of 2007.

Cyprus has initiated a transitional regime to facilitate compliance with the EU's Markets in Crypto-Assets Regulation (MiCA) among existing CASPs. New entrants are required to adhere to MiCA provisions immediately, ensuring uniformity across the EU's digital asset market.

The country’s commitment to regulatory clarity, investor protection, and its strategic location and EU membership make it an attractive destination for cryptocurrency businesses seeking a compliant and supportive ecosystem.

How is Crypto Taxed by MOF?

Cyprus has established itself as a favourable jurisdiction for cryptocurrency taxation, offering a clear and competitive framework for both individuals and businesses. Here is a quick breakdown of how Cyprus Tax Department (MOF) classifies crypto tax:

• Individual Taxation: Occasional transactions are generally considered capital gains and are not subject to taxation. However, if an individual engages in regular trading activities, the profits may be subject to income tax rates from 20% for income over €19,500 to 35% for amounts exceeding €60,000.
• Corporate Taxation: Businesses operating in the cryptocurrency sector benefit from Cyprus's low corporate tax rate of 12.5%. Companies that hold cryptocurrencies as investment assets are exempt from capital gains tax on their disposal.

Cyprus offers strategic tax planning opportunities for crypto investors and businesses. The non-domicile (non-dom) status provides significant tax advantages, such as exemption from dividend taxation and reduced rates on other income streams.

Cryptocurrency Adoption in Cyprus

Cryptocurrency adoption in Cyprus has experienced significant growth, driven by increased acceptance among consumers and local businesses. By 2025, the crypto market in Cyprus is projected to generate approximately US$909,000 in revenue.

Around 64,240 users are expected to participate in this market, reflecting about 5% of the country’s population. Businesses across Cyprus are progressively integrating digital currencies into their payment systems, further promoting widespread use among residents. 

This growth is fueled by interest in decentralized finance (DeFi), rising institutional adoption, and the appeal of cryptocurrencies as an alternative asset class to hedge against economic instability.

How to Buy Bitcoin in Cyprus

Cypriot investors who want to buy Bitcoin should choose regulated exchanges approved by the Cyprus Securities and Exchange Commission (CySEC) that support Euro deposits. Here is a guide for purchasing BTC in Cyprus:

1. Select a Crypto Exchange: Pick an exchange that complies with CySEC regulations and allows deposits in EUR. Leading platforms in Cyprus include eToro, Kraken, Binance, and Uphold.
2. Create Your Account: Sign up for the exchange and complete the required verification steps. Typically, you'll need official identification documents such as a Cypriot ID card or passport and proof of your local address.
3. Deposit Funds: Deposit euros into your account through approved methods such as SEPA bank transfers, debit or credit card payments, or digital payment services.
4. Purchase Bitcoin: Navigate to the Bitcoin trading section of your chosen platform, enter the desired amount of Bitcoin, confirm the price and any associated fees, and complete the transaction.

After successfully buying Bitcoin, transferring your digital assets into a secure personal wallet is advisable. Opt for hardware wallets or trusted software wallets to enhance protection and control over your cryptocurrency holdings.

Final Thoughts

Choosing the right crypto exchange in Cyprus involves understanding your personal investment goals, preferred trading style, and familiarity with cryptocurrency markets. 

While platforms like Kraken and Binance suit experienced traders seeking extensive features and advanced tools, beginners may find Uphold or eToro's simple interfaces and educational resources more approachable. Whichever exchange you select, ensure it aligns with CySEC regulations for a compliant trading experience.