Best Crypto Exchanges in Greece
Explore the best crypto exchanges in Greece with insights into regulations, taxation, and effective investment strategies.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Summary: In Greece, the optimal approach for investing in Bitcoin and various digital currencies is through exchanges adhering to the regulations of the Hellenic Capital Market Commission or relevant European standards. These licensed platforms enable Euro (EUR) deposits using popular Greek payment options such as bank transfers, along with credit or debit cards.
We've assessed the top 5 exchanges for Greek residents, focusing on security and reliability. These selected services offer a trusted and well-informed path for those in Greece interested in the digital currency market.
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Best Cryptocurrency Exchange Greece
In a rigorous review of over 20 cryptocurrency platforms, we've identified the five best for Greek investors. Our analysis emphasizes compliance with the Hellenic Capital Market Commission or relevant European authorities, a diverse range of digital assets, user interface simplicity, Euro (EUR) transaction support, and transparent fee structures. Greek investors aiming to find a cryptocurrency platform that aligns with their investment goals will find our curated guide below indispensable.
1. eToro
eToro is the premier investment platform in Greece, offering an expansive array of over 4,500 financial instruments. This selection prominently features leading cryptocurrencies like Bitcoin, Ethereum, and Solana, among other top crypto assets, and significant stocks such as Coinbase and Microstrategy. This broad range empowers investors to diversify their portfolios efficiently through a single, comprehensively regulated platform.
Noted for its user-friendly interface and efficient Euro (EUR) deposit methods, eToro operates under the regulation of prominent European authorities, ensuring its dependability in Greece. The platform offers a variety of investment options with multiple deposit methods, including SEPA, bank transfers, and credit/debit cards. With a commitment to low commissions and competitive spreads, eToro is an attractive option for Greek investors looking to broaden their investment scope.
- Fees: eToro employs a variable spread fee model, generally around 1%.
- Supported Assets: eToro's portfolio includes over 4,500 assets, featuring top cryptocurrencies, ETFs, and stocks.
- Regulatory Compliance: eToro adheres to guidelines from key European financial regulators, such as CySEC and the OAM.
- EUR Deposit Methods: Options include bank transfers, SEPA, and debit/credit cards.
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2. Uphold
Uphold emerges as a globally recognized and user-friendly cryptocurrency platform, serving over 150 countries with a user base exceeding 10 million. In Greece, it presents a diverse array of over 250 digital assets, positioning itself as a significant choice for Greek investors. A key feature of Uphold is its attractive staking options, where investors can earn up to 25% Annual Percentage Yield (APY) on a selection of up to 30 cryptocurrencies.
Uphold stands out for its transparency and trustworthiness, adhering to European regulatory standards and registering with leading financial authorities globally. This compliance enhances its reliability for Greek investors. Its commitment to openness is underscored by audited proof-of-reserves, assuring that each digital asset is backed 1:1. The platform also offers a smooth trading experience across web, iOS, and Android interfaces.
- Fees: Trading activities come with a 1% fee, along with a 1% spread fee.
- Supported Assets: A comprehensive list of 250+ digital assets, 4 types of precious metals, and 27 fiat currencies.
- Regulation & Licensing: Uphold fully complies with European regulations, registered under the Republic of Lithuania.
- Euro Deposit Methods: Multiple options are available, including bank transfers, SEPA, Google Pay, Apple Pay, and credit/debit cards.
3. Bybit
Securing the third position in our list for Greek crypto investors is Bybit, a platform that is well-suited for both newcomers and experienced traders interested in options and perpetual futures contracts. With an extensive selection of over 1,000 digital assets and quick Euro deposit options, Bybit meets the various needs of the Greek market. The platform is known for its user-friendly interface and strong security features.
Beyond just cryptocurrencies, Bybit also offers futures contracts with up to 25x leverage, as well as a growing NFT market, broadening the trading opportunities for crypto enthusiasts. With maker fees at a low 0.01% and taker fees at 0.06%, along with compliance with multiple top-tier European regulators, Bybit positions itself as a highly reliable choice for traders in Greece.
- Fees: Maker fees are set at 0.01%, while taker fees are at 0.06%.
- Supported Cryptocurrencies: A wide range of over 1,000 digital assets are available for trading.
- Regulation & Licensing: Adheres to European regulatory standards (CySEC)and is accessible in over 180 countries.
- Euro Deposit Methods: A variety of options, including SEPA transfers, bank transfers, debit cards, credit cards, Google Pay, and 20 additional methods.
4. Gate.io
Gate.io secures the fourth position as a leading cryptocurrency exchange in Greece, distinguished by its extensive altcoin selection. The platform boasts an impressive array of over 1,700 cryptocurrencies, making it an ideal choice for investors interested in a broad spectrum of digital assets. In the Greek crypto market, Gate.io is favored for its low fees, starting from just 0.1% for spot trading.
Exhibiting a significant 24-hour trading volume surpassing $5 billion and a global user base of over 14 million, Gate.io marks its strong presence in the international cryptocurrency sphere. The platform engages users with unique features like trading bots and a specialized startup section, providing Greek users with varied and dynamic market opportunities. This includes special trading events and competitions specifically appealing to the market.
- Fees: Gate.io offers competitive fees, with maker orders from 0.1% and taker orders at 0.2%.
- Supported Cryptocurrencies: Hosts a vast collection of over 1,700 digital assets.
- Regulation & Licensing: Based offshore in the Seychelles, it’s not directly licensed in Greece but remains accessible to users.
- EUR Deposit Methods: Provides multiple options, including local bank transfers, debit cards, credit cards, PayPal, and more.
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5. OKX
Rounding out our list as the fifth best platform is OKX, particularly for those interested in the evolving Web3 space. The platform features a broad range of more than 300 cryptocurrencies and offers additional sophisticated trading instruments, such as futures, options, and margin trading. Its OKX Wallet uniquely enables users to seamlessly switch between centralized and decentralized financial services, incorporating popular DeFi platforms like AAVE and Uniswap.
Not only is OKX user-friendly, but it also places a significant emphasis on robust security measures. While it originally hails from Seychelles and complies with its local regulations, it is available to Greek investors. The platform is especially attractive to institutional investors and DeFi users, given its comprehensive API options and embedded web3 compatibility.
- Fees: OKX charges 0.1% for maker orders, a 0.2% fee for taker orders, and a standard 0.1% fee for spot trading.
- Supported Assets: It offers an expansive array of over 300 cryptocurrencies, along with leveraged trading options.
- Regulation & Licensing: Based in Seychelles and available in Greece.
- Euro Deposit Methods: The platform supports various Euro deposit methods, including bank transfers and credit/debit cards.
Is Crypto Regulated in Greece?
In Greece, cryptocurrency regulation is overseen by the Hellenic Capital Markets Commission (HCMC), although a specific regulatory regime exclusively for cryptocurrencies has not been established. Cryptocurrencies are not recognized as either MiFID financial instruments or financial products subject to any standard financial requirements, despite their growing significance in the global financial system. The absence of a dedicated regulatory framework leaves cryptocurrencies outside the traditional financial regulatory scope in Greece.
Implementing the EU’s Fifth Anti-Money Laundering Directive (5AMLD) into Greek law via Law 4734/2020 addresses the risks of money laundering and terrorist financing associated with cryptocurrencies' decentralized and anonymous nature. This law requires providers of exchange services between virtual currencies and fiat currencies, as well as custodian wallet providers, to register with the HCMC. However, this registration is not a form of licensing and does not provide regulatory compliance assurance for investors.
The HCMC holds the power to reject such registrations without explanation, a practice that raises questions about its compatibility with EU principles, including those outlined in the Charter of Fundamental Rights of the European Union, which safeguards the freedom to engage in economic activity and competitive practices.
How is Crypto Taxed in Greece?
In Greece, the taxation of cryptocurrency transactions remains largely unspecified in legal terms. The Independent Public Revenues Authority (IPRA) suggested in its 2019 strategic plan to tax income from cryptocurrency transactions as portfolio investment income, but no further details have been provided in subsequent strategic plans.
For income derived from cryptocurrency transactions, it is anticipated that it would be taxed as capital gains. According to the Greek Income Tax Code (Law 4172/2013), capital gains are the difference between the purchase and sale prices, including any directly related costs. The tax rate for natural persons is 15%, and for legal persons, it's at the corporate income tax rate.
Additionally, following the EU Court of Justice's decision in the Skatteverket v David Hedqvist case, exchange services between traditional and virtual currencies are expected to be VAT-exempt in Greece.
Bottom Line
In summary, our comprehensive review of cryptocurrency exchanges in Greece presents eToro, Uphold, Bybit, Gate.io, and OKX as the top platforms, each excelling in various aspects crucial for secure and efficient trading. While navigating these platforms, it's vital to recognize that while the Hellenic Capital Markets Commission (HCMC) oversees the sector, a specific regulatory framework for cryptocurrencies in Greece is yet to be established.
Prospective investors should also be aware of the potential taxation on cryptocurrency transactions, treated as capital gains, although official guidelines remain unclear. With these considerations in mind, investors are well-equipped to explore the emerging world of digital assets.
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