Top Crypto Trading Platforms in Cyprus

Below is a detailed summary of the five best cryptocurrency exchanges in Cyprus are. These platforms have been ranked based on a variety of key factors which include features, security, regulatory compliance, fees, available assets and more.

1. Uphold

Uphold is one of the most secure and trustworthy crypto exchanges in the world as it provides complete transparency in its assets by auditing their proof of reserves. On Uphold users can trade and stake a variety of tokens, spend tokens with the Uphold Crypto Mastercard and much more.

  • Fees: Free deposits on all methods except card, which is subject to a 2.49% fee. Crypto trading fees are 0% with a price spread of 0.9% - 1.2%.
  • Supported Assets: 250+ Cryptocurrencies.
  • Regulation & Licensing: Registered with CySEC.
  • Customer Support Options: 24/7 Live Chat, Email, Online Ticketing System and Social Media.‍
  • EUR Deposit Methods: Bank Transfer, Credit/Debit Card, SEPA, Google Pay & Apple Pay.
Uphold - Cyprus.

2. OKX

OKX is another highly secure exchange that provides proof-of-reserves highlighting users' funds are always held 1:1. On OKX users can trade spot, futures, and options markets, as well as stake, borrow, lend and earn on their tokens for high APY. It also offers an NFT marketplace and much more.

  • Fees: Deposits and withdrawals are free. Spot trading fee is 0.1% with additional discounts depending on 30-day trading volume.
  • Supported Assets: 300+ Cryptocurrencies.
  • Regulation & Licensing: Registered with CySEC.
  • Customer Support Options: 24/7 Live Chat, Email, Online Ticketing System and Social Media.‍
  • EUR Deposit Methods: Bank Transfer, Credit/Debit Card, Apple Pay, Google Pay, Skrill, Neteller, Gift Cards, PayPal & more.
OKX - Cyprus.

3. Bybit

Bybit is one of the largest exchanges in the world with over 10 million users in 180 countries including Cyprus. Its popularity is largely due to Bybit being a non-KYC platform. Additionally, it offers the most feature-rich trading experience with 7 order types, 8 staking options, and much more.

  • Fees: Deposits and withdrawals are free. Spot trading fee is 0.1%, and the futures maker/taker rebate is 0.01%/0.06%.
  • Supported Assets: 400+ Cryptocurrencies.
  • Regulation & Licensing: Registered with CySEC.
  • Customer Support Options: 24/7 Live Chat, Email, Online Ticketing System, and Social Media.‍
  • EUR Deposit Methods: Bank Transfer, Credit/Debit Card, Maestro, Google Pay, Wise & Zen.
Bybit - Cyprus.

4. eToro

eToro is the largest multi-asset brokerage platform globally and offers six different asset classes. It is highly regulated and is licensed to operate in over 140 countries including Cyprus. In addition to trading, it offers Copy Trading, a virtual trading platform, crypto staking and much more.

  • Fees: Deposits & withdrawals are free. The trading fee is 1%.
  • Supported Assets: 60 Cryptocurrencies, 3,000+ Stocks, 18 Indices, 27 Commodities, 49 Fiat Currencies, and 300 ETFs.
  • Regulation & Licensing: Registered with CySEC.
  • Customer Support Options: 24/7 Live Chat, Email, Online Ticketing System and Social Media.‍
  • EUR Deposit Methods: Bank Transfer, Credit/Debit Card, eToro Money, Skrill, Neteller, Rapid Transfer & Trustly.
eToro - Cyprus.

5. Binance

Binance is the most popular crypto exchange in the world with 120+ million users. It offers a variety of products and services including margin, spot, derivatives and options trading, an NFT marketplace, crypto staking, borrowing and lending services, a P2P marketplace, and more.

  • Fees: Variable deposit fees (based on method) and withdrawals are free. Spot trading fee is 0.1%, and the futures maker/taker rebate is 0.02%/0.07%.
  • Supported Assets: 350+ Cryptocurrencies.
  • Regulation & Licensing: Registered with CySEC.
  • Customer Support Options: Live Chat, Email, Online Ticketing System and Social Media.‍
  • EUR Deposit Methods: Credit/Debit Card, Bank Transfer, SEPA, Apple Pay & Giropay.
Binance - Cyprus.

Is Crypto Legal in Cyprus?

Yes, cryptocurrency traders and investors in Cyprus are able to buy, sell and trade cryptocurrencies in a legal manner. The Central Bank of Cyprus has regularly issued warnings about the risks associated with digital assets such as volatility and speculation but does not prohibit any person from trading them.

All exchanges operating in the country must be registered with the Cyprus Securities and Exchange Commission (CySEC). As such, all of the exchanges listed here meet that requirement. Crypto-specific legislation is still under development in the country though, so regulations may vary over time.

Bottom Line

Cryptocurrency trading is growing in popularity in Cyprus, and with that comes the need for reliable exchanges. The five platforms listed here are top-notch exchanges that offer a safe and secure trading experience while also providing excellent customer service and competitive fees.

For a comprehensive trading experience with an easy UI, a large selection of tokens, and low trading fees, Uphold is the best option. Additionally, it is the only exchange in Europe that provides audited proof-of-reserves showing that users' funds are always held 1:1.