Top Crypto Exchanges in Europe

We analyzed over 50 cryptocurrency platforms to find the best options for European investors. In our evaluation, we took into account important factors such as adherence to European regulations, the variety of assets available, ease of use, EUR deposit options, fees, and other crucial aspects. Based on our research, here is a deeper breakdown of the top five exchanges in Europe.

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1. eToro

eToro stands as the best crypto platform in Europe, granting investors access to a diverse range of assets, encompassing cryptocurrencies, stocks, commodities, currencies, indices, and ETFs. The platform is distinguished by its advanced social trading features, such as Copy Trading, and a Virtual Account enabling users to hone their skills with €100K in virtual funds.

eToro is highly recommended for European investors due to its streamlined and cost-effective Euro (EUR) deposit options via SEPA Transfer, various European online banking services, Debit Card, and other commonly utilized methods. Moreover, eToro boasts competitive fees, with no initial commissions and attractive spreads.

  • Fees: Free EUR deposits via SEPA Transfer, 0% fees and 1% spread.
  • Supported Assets: 70+ cryptocurrencies, 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 through live chat, email, an online ticketing system and support for over 20 languages.
  • EUR Deposit Methods: Bank Transfer, SEPA Transfer, European online banking services, Credit/Debit Card, PayPal, and more.

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2. Uphold

Uphold holds a strong position as the second-best cryptocurrency exchange in Europe, presenting itself as an excellent alternative to eToro. Based in London, this exchange grants access to over 250 cryptocurrencies for purchase, sale, and staking via their Financial Conduct Authority (FCA)-regulated platform. Depositing Euros (EUR) is fast and affordable through various means, such as Bank Transfer, SEPA Transfer, Debit Card, Credit Card, Apple Pay, Google Pay, and more.

Uphold distinguishes itself as a top choice in the European market with its exceptional audited proof-of-reserves system. This feature offers real-time insights into the protection of customer funds, assuring they are consistently fully backed on a 1:1 basis. Uphold's dedication to transparency solidifies its reputation as a secure and reliable exchange within the region.

  • Fees: Zero trading fees and tight spreads. Zero deposit & withdrawal fees via bank transfer.
  • Supported Assets: 250+ Cryptocurrencies
  • Regulation & Licensing: Regulated and Licensed by the FCA across Europe.
  • Fiat Deposits Supported: EUR, GBP, USD, SEK, NOK, DKK, PLN + 20 more.
  • EUR Deposit Methods: Bank Transfer, Credit/Debit Card, SEPA, Google Pay & Apple Pay.
Uphold Europe

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3. Bybit

Bybit is one of the largest non-KYC cryptocurrency exchanges in the world, accessible in over 180 countries including all European nations. Unlike many other platforms, Bybit does not require users to undergo identity verification to deposit, withdraw, or trade on both spot and derivative markets. The exchange offers a robust futures trading platform with support for leveraged trading up to 100x on selected cryptocurrencies and more than 50 staking options for various digital assets.

  • Fees: Free deposits and withdrawals and 0.1% fee on spot trading.
  • Supported Assets: 400+ cryptocurrencies.
  • Regulation & Licensing: Not regulated by any government authority (hence no KYC requirements).
  • Fiat Deposits Supported: EUR, GBP, INR, SEK, USD + 15 more.
  • EUR Deposit Methods: SEPA Transfer, Credit Card, Debit Card, Bank Transfer, Revolut, Wise & more.
Bybit

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4. Binance

Binance is the world's largest cryptocurrency exchange that provides a platform for trading over 350 crypto assets via spot trading, futures, options markets and more. It's well-known for its large selection of cryptocurrencies, fast and secure transactions, and user-friendly interface. Binance operates in over 130 countries, including all European nations, and has the highest trading volume among all digital asset trading and investment platforms.

  • Fees: Free deposits and withdrawals and 0.2% fee on spot trading.
  • Supported Assets: 350+ cryptocurrencies.
  • Regulation & Licensing: Licensed by the Swedish Financial Supervisory Authority, but unregulated in other European countries.
  • Fiat Deposits Supported: EUR, GBP, SEK, USD, DKK & 30 more.
  • EUR Deposit Methods: SEPA Deposit, Debit Card, Credit Card, Fasterpayments, Payoneer & more.
Binance

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5. Gate.io

Gate.io is one of the best exchanges in Europe, offering a centralized platform for a wide range of digital assets. The exchange is particularly notable for its extensive selection of altcoins, with over 1,400 cryptocurrencies listed on the platform. In addition to its extensive selection of assets, Gate.io also offers several other features that make it a top choice for traders and investors in Europe. These include a user-friendly interface, fast and secure transaction processing, and competitive fees.

  • Fees: Free deposits and withdrawals and 0.2% fee on spot trading.
  • Supported Assets: 1,400+ cryptocurrencies.
  • Regulation & Licensing: Unlicensed in Europe but available to users because they do not require KYC/AML and verification.
  • Fiat Deposits Supported: EUR, USD, SEK, GBP & 10 more.
  • EUR Deposit Methods: SEPA Deposit, Debit Card, Credit Card, PayPal & more.
Gate.io

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Is Crypto Investing Legal in Europe?

Yes, cryptocurrency is legal in Europe. The use of digital currencies is not restricted by the European Union (EU) or its member countries. However, there are some regulations in place that govern the use of cryptocurrencies. Notably, in October 2022, the European Council passed the Markets in Crypto-Assets (MiCA) Regulation that introduces a new framework for crypto assets in the region.

MiCA is designed to create better protections for European investors by placing higher regulatory standards on exchanges, while fostering innovation for digital assets in the region. Despite these regulations, the EU is supportive of the development and use of cryptocurrencies and blockchain technology.

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Is Crypto Taxed in Europe?

The taxation of cryptocurrencies in Europe varies depending on the country. However, in general, cryptocurrencies are considered a form of property and subject to capital gains taxes in most European countries. In the European Union, the taxation of cryptocurrencies falls under the jurisdiction of individual member states, so the rules and regulations can vary significantly. You can refer to the official European Commission for specific guidance.

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Bottom Line

In summary, the ideal way to buy and sell cryptocurrencies in Europe is through a regulated and licensed digital asset exchange, such as eToro, Uphold, Bybit, Binance, and Gate.io. These platforms ensure a secure and seamless trading experience while offering a wide range of assets, competitive fees, and various deposit methods.

As cryptocurrency investing is legal and regulated in Europe, these exchanges enable investors to confidently navigate the world of digital assets and capitalize on opportunities within this expanding market.