Best Crypto Exchanges in Hungary

Summary: In Hungary, the best and safest cryptocurrency exchanges are accredited by the European Securities and Markets Authority (ESMA). These platforms facilitate secure transactions, enabling users to deposit Hungarian Forints (HUF) or Euros (EUR) using various payment methods for crypto asset trading and staking.

To help Hungarian crypto enthusiasts get started, we've assessed the top 5 local trading platforms, presenting the most dependable choices:

1. eToro - Best Overall Crypto Exchange in Hungary
2. Uphold - Best Alternative Crypto Exchange
3. OKX - Best for Beginners
4. Bybit - Best Non-KYC Crypto Exchange
5. Binance - Best Global Crypto Exchange

Top Crypto Trading Platforms in Hungary

After an extensive evaluation of over 20 cryptocurrency exchanges, we have identified the most outstanding platforms for investors in Hungary. Our in-depth review took into account crucial factors such as adherence to Hungarian regulations, array of available cryptocurrencies, ease of use, deposit options in Hungarian Forint (HUF), fees, among others. Following our detailed research, here is a curated list of the top five platforms operating in Hungary.

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1. eToro

eToro is the best overall crypto exchange in Hungary that boasts an extensive range of over 3,000 assets, encompassing cryptocurrencies, stocks, commodities, currencies, indices, and ETFs. Unique features like Copy Trading, Demo Accounts and 10x Leverage set eToro apart from competitors, offering competitive fees and minimal spreads on assets.

With ESMA regulation, eToro has earned the confidence of over 30 million users across Europe, including Hungarian investors. The platform's user-friendly interface and cost-effective HUF deposit options via SEPA transfers, online banking, and debit cards establish eToro as the premier investment choice in Hungary.

• ‍Fees: Free deposits & withdrawals, 0% trading fees and a 1% spread.‍
• Supported Assets: 70 cryptocurrencies, 3000+ stocks, 18 indices, 27 commodities, 49 fiat currencies, and 300 ETFs.‍
• Regulation & Licensing: European Securities & Markets Authority (ESMA), CySEC, the FCA and other key regulators.‍
• Customer Support Options: 24/7 support via live chat, Hungarian language support, email & online ticketing system.
• HUF Deposit Methods: Bank Transfer, Credit/Debit Card, Klarna, SOFORT, Skrill, Neteller, and PayPal.

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2. Uphold

Uphold is a regulated digital-asset trading platform based in the US and approved to operate in Hungary. It offers an easy way to buy and sell over 250 cryptocurrencies, with its intuitive UI which makes it one of the most beginner-friendly exchanges out there. It also offer staking services, a cryptocurrency card and much more.

• Fees: Free HUF deposits, expect cards which have a 2.49% fee. Trading fees vary between 0.8% - 1.2% depending on the asset.
• Supported Assets: 250+ cryptocurrencies.
• Regulation & Licensing: Regulated and Licensed by the FCA in the UK.
• Customer Support Options: 24/7 support via live chat, online ticketing system and email.
• HUF Deposit Methods: Bank Transfer, Credit/Debit Card, SEPA, Google Pay & Apple Pay.

3. OKX

OKX is a cryptocurrency exchange that has been operating since 2017 and is legally registered with Hungarian authorities. It caters to both beginners and experienced traders and offers a wide range of features such as margin trading with leverage up to 100x, OTC trading, crypto staking, an NFT marketplace and much more.

• Fees: Zero deposit or withdrawal fees. There is a 0.1% fee on spot markets and the futures maker/taker rebate is 0.02%/0.05%.
• Supported Assets: 240+ cryptocurrencies.
• Regulation & Licensing: Registered with Hungarian regulatory authorities (NBH).
• Customer Support Options: 24/7 support (in Hungarian) via live chat, online ticketing system and email.
• HUF Deposit Methods: Bank Transfer, Credit/Debit Card, SEPA, Google Pay & Apple Pay.

4. Bybit

Bybit is a cryptocurrency derivatives exchange that requires no KYC verification, meaning you do not need to verify your person identity in order to use it. It offers up to 100x leverage on futures/derivatives contracts for thousands of pairs and offers over 400 tokens to buy and sell on spot markets.

• Fees: Deposits and withdrawals are free. Spot trading fee is 0.1%, and the derivatives maker/taker rebate is 0.01%/0.06%.
• Supported Assets: 400+ cryptocurrencies.
• Regulation & Licensing: Not regulated by any government authority (hence no KYC requirements).
• Customer Support Options: 24/7 support via live chat, email, ticketing system & phone.
• HUF Deposit Methods: Credit Card, Debit Card, Wise, Bank Transfer & Google Pay.
  

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5. Binance

Binance is one of the largest and most popular cryptocurrency exchanges in the world, with 120+ registered users. It is available in 180+ countries including Hungary, offers over 1000 trading pairs and features a range of advanced tools such as margin, futures, spot and options trading.

• Fees: Variable deposit fees (based on method) and withdrawals are free. 0.1% flat trading fees for spot and 0.02%/0.07% maker/taker rebate.
• Supported Assets: 350+ cryptocurrencies.
• Regulation & Licensing: Regulated by the CySEC.
• Customer Support Options: 24/7 live chat, email and online ticketing system.
• HUF Deposit Methods: Credit/Debit Card, Bank Transfer, SEPA & ZEN.
  

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Is Crypto Investing Legal in Hungary?

Yes, digital-assets are legal in Hungary. As of 2020, the Hungarian government passed laws to regulate digital asset service providers including exchanges, custodians and other actors involved in the cryptocurrency market.  These regulations require digital-asset businesses to obtain a license from the Government before operating their services.

All of the cryptocurrency investing platforms that are listed above are legally allowed to operate in Hungary and have registered their businesses with Hungarian regulatory authorities. With regulated exchanges available, investing in cryptocurrencies has become much safer and easier for Hungarians.

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How to Buy Bitcoin in Hungary

If you're looking to invest in Bitcoin or other cryptos in Hungary, here's a succinct, stepwise guide:

• Select an MNB-regulated platform: Choose platforms compliant with Hungary's financial watchdog, the Magyar Nemzeti Bank.
• Account setup: Register with an email, set a secure password, and complete KYC procedures with requisite identification.
• Fund with HUF or EUR: Deposit into your account via Bank Transfer, Immediate Transfer, Hungarian digital banking, or debit/credit cards.Buy cryptocurrency: Choose your crypto and quantity, then approve the transaction.
• Asset security: Transfer your digital assets to a private wallet for heightened security.

By adhering to these steps and using a reliable platform, you can safely acquire cryptocurrencies in Hungary. Always secure personal and wallet information, and thoroughly research prior to investing.

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The Bottom Line

In summary, Hungary's crypto market is powered by top, regulated platforms like eToro, Uphold, OKX, Bybit, and Binance, catering to diverse investor needs. These platforms provide a range of deposit options, low fees, and robust customer support. The clear legal framework for digital asset investment in Hungary and the simple steps to acquire Bitcoin make crypto investments accessible for Hungarians. Remember to prioritize security and research when engaging in crypto trading.