Best Crypto Exchanges in Lithuania

Best Cryptocurrency Exchanges in Lithuania

We have conducted an in-depth evaluation of the 19 cryptocurrency exchanges available in Lithuania to determine the best choices for local investors. This comprehensive review considered adherence to regulations set by the Bank of Lithuania, the supported EUR deposits, overall user experience, supported cryptocurrencies, and unique features. Below is a comparison table highlighting the top 5 platforms for Lithuanian traders.

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1. eToro

eToro is the leading investment platform in Lithuania, showcasing an impressive collection of over 4,500 financial instruments. This range features key cryptocurrencies such as Bitcoin, Ethereum, and Solana, alongside thousands of stocks, commodities and ETFs. This diverse selection allows investors to effectively diversify their portfolios through a single, rigorously regulated platform.

In addition to supporting several asset classes, it offers a variety of features like copy trading, a demo account, an OTC desk and a multilingual interface. It has a user-friendly platform, supports several Euro deposit options and is regulated by multiple European authorities. eToro’s commitment to minimal commissions and attractive spreads positions it as a top choice for those wanting to diversify their portfolio.

• Fees: A variable spread fee model, generally around 1%.
• Supported Assets: Over 4,500 cryptocurrencies, ETFs, commodities and stocks.
• Regulation & Licensing:: Adheres to standards set by the CySEC and is available in Lithuania.‍
• EUR Deposit Methods: Bank transfers, debit cards, credit cards, and SEPA.

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2. Bybit

Bybit is a futures trading platform that caters to a broad range of investors, especially those focusing on options and perpetual futures contracts with up to 100x leverage. Its comprehensive offerings include over 1,100 digital assets to buy and trade on spot, futures and options markets. It has a straightforward interface that can be used in 20 languages, supports multiple EUR deposit methods and has strong security protocols.

The exchange isn't limited to cryptocurrencies, it also provides a growing NFT marketplace with thousands of projects supported, broadening investment opportunities for Lithuanian traders. Offering a competitive crypto investment fee of 0.1% for spot markets, and complying with rigorous European regulatory guidelines, including those set by the Bank of Lithuania, Bybit is a great choice for local investors.

• Fees: Maker fees are 0.02%, taker fees are 0.055% for futures, and 0.1% for spot trading.
• Supported Assets: Over 1,100 digital assets.
• Regulation & Licensing: Adheres to regulatory standards set by the Bank of Lithuania.‍
• EUR Deposit Methods: SEPA, bank transfers, debit cards, credit cards, Zen, Google Pay, and Easybank.

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3. Uphold

Uphold is a globally accessible cryptocurrency platform, catering to over 150 countries with a user base exceeding 10 million. It has a diverse portfolio of 250 digital assets, 27 fiat currencies and 4 precious metals presenting a solid option for local investors. A key feature of is its attractive staking opportunities, enabling investors to earn up to 25% APY on a selection of up to 30 digital currencies.

Adhering to European regulations and registered with leading financial authorities, Uphold stands as a reliable option in Lithuania. Its commitment to transparency is highlighted by its audited proof-of-reserves, ensuring a 1:1 backing for each digital asset, giving users peace of mind that their funds are always accessible. The platform offers a seamless trading experience on web and mobile platforms (iOS and Android).

• Fees: A trading fee of 1% and a spread fee of 1%.
• Supported Assets: Over 250 digital assets, 4 precious metals, and 27 fiat currencies.
• Regulation & Licensing: Adheres to European regulations and is operational in Lithuania.‍
• EUR Deposit Methods: Bank transfers and credit or debit cards.

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4. OKX

OKX is a cryptocurrency exchange with a diverse selection of over 300 digital assets on spot and futures markets with up to 50x leverage. This includes leading tokens such as Bitcoin, Ethereum, Solana, and Celestia, along with prominent stablecoins like USDT and USDC. There is also an NFT marketplace that supports popular projects like Crypto Punks, Milady’s, Pudgy Penguins and BAYC.

It is an all-inclusive financial platform for investors, offering significant liquidity and various investment opportunities. A key feature is its vibrant DeFi ecosystem, centred around the OKT Chain. This allows for on-chain staking, appealing to experienced traders seeking profitable ventures. In addition to its advanced DeFi offerings, OKX provides various trading options, including spot, margin, futures, and options markets. 

• Fees: A 0.08% charge for spot trading.
• Supported Assets: Over 300 cryptocurrencies.
• Regulation & Licensing: Adheres to international standards and is available in Lithuania.‍
• EUR Deposit Methods: Bank transfers and credit cards.

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5. Bitpanda

Bitpanda is the top multi-asset exchange in Lithuania, operating under stringent European regulatory frameworks. Based in Vienna, it provides a wide range of investment options, featuring trading of over 3,000 cryptocurrencies, stocks, ETFs, indices, commodities, precious metals and more. As a European platform, it has a multilingual interface and provides live customer support in multiple languages.

It ensures easy Euro deposits from Eurozone banks and provides various payment methods, including local e-wallet options, bank transfers and credit or debit cards. There is a variety of services available, such as a Bitpanda debit card, staking options, crypto loans, OTC desk, Bitpanda Spotlight, BEST rewards and leverage trading.

• Fees: Trading fee of 0.2% and variable spreads also apply.
• Supported Assets: Over 3,000 cryptocurrencies, various stocks, ETFs, and precious metals.
• Regulation & Licensing: Regulated with the Bank of Lithuania.‍
• EUR Deposit Options: Bank transfer, debit cards, credit cards, and PayPal.

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Is Crypto Regulated in Lithuania?

In Lithuania, the regulatory framework for cryptocurrencies is defined by comprehensive guidelines and licensing requirements. On October 11, 2017, the Bank of Lithuania issued a statement that established a clear separation between traditional financial services and cryptocurrency activities, due to the financial risks involved. Exchanges and wallet services must adhere to licensing, authorization, Anti-Money Laundering (AML), and Know Your Customer (KYC) procedures.

Furthermore, Lithuania has implemented a robust regulatory framework for Initial Coin Offerings (ICOs). According to the Ministry of Finance's 2018 Guidelines for ICOs, these regulations cover AML and Counter Financing of Terrorism (CFT) laws, and impose specific legislative requirements on ICOs to protect investors from potential risks.

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How is Crypto Taxed in Lithuania?

The State Tax Inspectorate oversees the taxation of cryptocurrencies in Lithuania. Individual gains from cryptocurrency transactions are taxed at a fixed personal income tax rate of 15%. This applies when individuals realize profits from their crypto trades.

For corporations, the tax treatment of funds from ICOs depends on the token's nature. Assets considered as securities or those granting usage rights in products or services have specific corporate income tax implications. These guidelines integrate cryptocurrency transactions within Lithuania's tax framework, addressing the unique characteristics of digital assets.

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How to Buy Bitcoin in Lithuania

This guide provides a detailed process for purchasing Bitcoin and other cryptocurrencies in Lithuania through a digital asset exchange.

1. Open Account: Begin by providing your name and email address to create an account on your chosen cryptocurrency exchange. Verify your identity using a photo ID, such as a passport or driving license, before you can access the platform.
2. Deposit Euros: Head to the deposit section of your account. Enter the amount of Euros you wish to transfer and select your preferred payment method, such as a bank transfer, credit card, or debit card. Review the platform’s fees and limits to understand how long it will take for your funds to be credited.
3. Select Cryptocurrency: To buy Bitcoin or other cryptocurrencies, enter the coin name or symbol in the search box. For example, search for BTC to buy Bitcoin. Choose the EUR/BTC pair and enter your trade details.
4. Execute Trade: Click the ‘buy’ or ‘trade’ button to purchase your chosen cryptocurrency. Enter the amount you want to buy and complete the trade.

This guide ensures an easy process for Lithuanian users to engage in digital asset trading, from account setup to executing trades.

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Bottom Line

In conclusion, Lithuania's proactive regulatory approach and robust financial infrastructure make it an attractive environment for cryptocurrency investment. With a variety of reliable exchanges like eToro, Bybit, Uphold, OKX, and Bitpanda, Lithuanian investors have access to diverse and secure trading options. Whether you are interested in spot trading, futures, or staking, these platforms offer comprehensive services to meet your investment needs.