Best Crypto Exchanges in the Czech Republic
A complete guide outlining what the best five cryptocurrency exchanges in the Czech Republic are. Compare the top performing platforms and their features to find the one best suited for you.
Summary: In the Czech Republic, purchasing Bitcoin and other cryptocurrencies can be securely and effectively carried out through an exchange that complies with the guidelines set by the Czech National Bank (CNB). Investors can utilize bank transfers, SEPA payments, and other convenient methods to deposit Czech Koruna (CZK) and buy, stake, and trade digital assets in a regulated environment.
Our team has assessed and compiled a list of the top 5 trading platforms in the Czech Republic to support you in launching your crypto investing journey. Here are the premier choices available to you:
Top Crypto Trading Platforms in the Czech Republic
We examined more than 20 crypto exchanges to identify the leading options for investors in the Czech Republic. Our evaluation took into account essential aspects such as adherence to Czech regulations, the range of available assets, user experience, deposit options in CZK, fees, and additional factors. Based on our comprehensive assessment, here is a list of the top five exchanges in the Czech Republic.
1. eToro
eToro stands out as the leading overall crypto platform in the Czech Republic, offering investors the ability to trade a diverse range of asset classes, such as cryptocurrencies, stocks, commodities, currencies, indices, and ETFs. The platform's innovative social trading features, including Copy Trading, and a Virtual Account enabling users to practice trading with up to CZK 2.5 million in virtual funds. Our top recommendation for Czech investors, eToro provides swift and affordable Czech Koruna (CZK) deposits through SEPA Transfer and other popular methods. They also maintain competitive fees with no upfront commissions and tight spreads.
- Fees: Deposits & withdrawals are free (SEPA transfers) and crypto trades are subject to a 1% spread.
- Supported Assets: 70+ cryptos, 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 via live chat, email & online ticketing system.
- EUR & CZK Deposit Methods: Bank Transfer, SEPA Transfer, Credit/Debit Card, PayPal & Sofort.
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2. Uphold
Uphold is one of the largest and most secure cryptocurrency investing platform in Europe. It is one of the only exchanges that has audited proof of reserves, providing complete transparency with their customers. On Uphold users can trade and stake a variety of tokens and even spend them with the Uphold Crypto Card.
- Fees: Deposits and withdrawals are free, expect card deposits which have a 2.49% fee. Trading fees vary between 0.8% - 1.2% depending on the asset.
- Supported Assets: 250+ cryptocurrencies.
- Regulation & Licensing: Registered with the FCA (Financial Conduct Authority).
- Customer Support Options: 24/7 Live Chat, Email, Online Ticketing System and Social Media.
- CZK Deposit Methods: Bank Transfer, Credit/Debit Card, SEPA, Google Pay & Apple Pay.
3. OKX
OKX is another popular option for Czechian residents as it also provides audited proof of reserves. It offers advanced crypto trading services including spot, margin, options and derivatives trading. The exchange also has an NFT marketplace, lending and borrowing services, crypto staking and its own blockchain, OKX Chain.
- Fees: Deposits and withdrawals are free. Spot trading fee is 0.1%, and the futures maker/taker rebate is 0.02%/0.05%.
- Supported Assets: 340+ cryptocurrencies.
- Regulation & Licensing: Registered in Hong Kong and Malta.
- Customer Support Options: 24/7 Live Chat, Email, Online Ticketing System and Social Media.
- CZK Deposit Methods: Bank Transfer, Credit/Debit Card, Apple Pay, Wise, Skrill, Revolut, PayPal & Maestro.
4. Bybit
Bybit is a global crypto derivatives trading platform that offers up to 100x leverage on Bitcoin and USD perpetual contracts. The platform is well-known for its advanced security features and also provides proof of reserves highlighting all users funds are backed 1:1. Its popularity is largely due to being a non-KYC exchange.
- 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: Not regulated hence KYC is not required.
- Customer Support Options: 24/7 Live Chat, Email, Online Ticketing System and Social Media.
- CZK Deposit Methods: Credit/Debit Card, Maestro, Google Pay, Wise & Zen.
5. Binance
Binance is a global exchange with over 120 million users across 100 countries including the Czech republic. It is one of the most secure and trust-worthy platforms, but unfortunately is not transparent in its holdings and does not provide proof of reserves. It is however a feature-rich platform that supports CZK deposits.
- 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: Not regulated in Europe.
- Customer Support Options: 24/7 Live Chat, Email, Online Ticketing System and Social Media.
- CZK Deposit Methods: Bank Transfer, Credit/Debit Card, Zen & Wise.
Is Buying Crypto Legal in the Czech Republic?
In the Czech Republic, purchasing and trading cryptocurrencies is considered legal. The nation recognizes digital currencies as intangible assets, and as a result, cryptocurrency transactions are subject to standard tax regulations. The Czech National Bank and other relevant authorities have established guidelines to ensure compliance with anti-money laundering (AML) and know-your-customer (KYC) requirements.
How is Crypto Taxed in the Czech Republic?
In the Czech Republic, cryptocurrency is treated as an intangible asset for tax purposes. Income from crypto trading, mining, or other activities is subject to personal income tax, with rates ranging from 15% to 23%. Additionally, if an individual trades cryptocurrencies as part of their business, the profits may be subject to corporate income tax, which is generally 19%. It is crucial for investors to maintain accurate records of their transactions and consult with a tax professional to ensure compliance with the Czech Republic's tax regulations.
How to Buy Bitcoin and Crypto in the Czech Republic
If you're a beginner aiming to buy digital assets in the Czech Republic, follow this comprehensive step-by-step guide for safe and lawful transactions:
- Select a credible exchange: Choose a platform that adheres to Czech regulatory requirements, like the ones mentioned in our guide.
- Sign up: Register using your email, create a robust password, and fulfill KYC obligations if necessary.
- Deposit CZK: Fund your account with funds using local bank transfers, debit/credit cards, or e-wallets.
- Buy crypto: Choose the desired digital currency and volume, then authorize the transaction.
- Safeguard assets: Transfer your digital assets to a crypto wallet for superior safety.
By abiding by these instructions and choosing a reliable exchange, you can securely purchase cryptocurrencies in the Czech Republic.
The Bottom Line
In conclusion, investing in cryptocurrencies in the Czech Republic is secure and regulated. Top platforms like eToro, Uphold, OKX, Bybit, and Binance comply with Czech National Bank guidelines, offering varied features to meet different investor requirements.
It is important to follow the recommended steps for compliant crypto investing and understand the tax implications, as cryptocurrencies are treated as intangible assets in the Czech Republic. As you start your crypto investment journey, ensure to make informed decisions and adhere to best practices in self custody and navigating regulated platforms.
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