Top Crypto Platforms in Portugal

To determine the top cryptocurrency exchanges in Portugal, we conducted a comprehensive evaluation of over 20 platforms. Our methodology took into account important factors such as compliance with Portuguese regulations, available range of assets, user-friendliness, deposit options in EUR, fees, and more. Based on this analysis, we have compiled a list of the top five exchanges for crypto investors in Portugal.

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1. Uphold

Uphold is a leading crypto exchange in Portugal and Europe. It has low fees and a wide range of assets that make it the best choice for Portuguese cryptocurrency investors. In addition to trading, users can also stake various tokens for high yields or spend any of the supported cryptos on real-life purchases with the Uphold Crypto Card. Uphold is also one of the only exchanges that has audited 1:1 proof-of-reserves.

  • Fees: Free EUR 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.
  • EUR Deposit Methods: Bank Transfer, Credit/Debit Card, SEPA, Google Pay & Apple Pay.
Uphold.


‍2. OKX

O‍KX is another popular cryptocurrency exchange in Portugal that offers a variety of useful features. The platform offers spot, margin, options and futures trading with up to 100x leverage. Additionally, users can stake, borrow and lend hundreds of tokens with high yields and low interest. It is also one of the only exchanges that provides audited proof-of-reserves showing users funds are always backed 1:1.

  • Fees: Deposits and withdrawals are free. There is a 0.1% fee on spot markets and the futures maker/taker rebate is 0.02%/0.05%.
  • Supported Assets: 340+ cryptocurrencies.
  • Regulation & Licensing: Regulated and Licensed by CySEC.
  • Customer Support Options: 24/7 support via live chat, online ticketing system and email.
  • EUR Deposit Methods: Credit/Debit Card, Bank Transfer, iDEAL, SEPA, Apple Pay & Google Pay.
OKX.

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3. Bybit

Bybit  is a non-KYC crypto exchange that makes it easy to buy, sell and trade cryptocurrencies with low fees. The platform offers high liquidity and advanced features such as margin trading, futures trading and more. Bybit also uses a sophisticated security system to protect user funds from theft or unauthorised access, and they also provide proof-of-reserves highlighting users funds are held 1:1.

  • 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.
  • EUR Deposit Methods: Credit Card, Debit Card, SEPA, Bank Transfer, Maestro & Google Pay.
Bybit

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4. eToro

eToro is the oldest cryptocurrency exchange in the world and was founded in 2007. The platform allows users to trade a wide range of cryptocurrencies and traditional assets such as stocks, indices, commodities, ETFs and more. eToro is widely regarded to be one of the most secure exchanges globally and is registered with multiple regulatory authorities including the FCA, CySEC, FINRA & more.

  • Fees: Deposits are free, withdrawals have a $5 fee and trading fees are 1%.
  • Supported Assets: 92 cryptocurrencies, 3000+ stocks, 18 indices, 27 commodities, 49 fiat currencies, and 300 ETFs.‍
  • Regulation & Licensing: Regulated & Licensed by the CySEC.‍
  • Customer Support Options: 24/7 support via live chat, email & online ticketing system.‍
  • EUR Deposit Methods: Bank Transfer, Credit/Debit Card, Trustly, Klarna, SOFORT, Skrill, Neteller, and PayPal.
eToro

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5. Bitpanda

Bitpanda is one of the most popular crypto exchange in Europe and is based in Austria. The platform is regulated by the Financial Markets Authority (FMA) in Austria. It offers advanced features such as margin trading, futures trading and more. In addition to crypto, users can also invest in stocks, commodities, indices and ETFs (exchange traded funds).

  • Fees: Deposits and withdrawals are free on Bitpanda and trading fees are 0.2% - 1%.
  • Supported Assets: 200+ cryptocurrencies.
  • Regulation & Licensing: Regulated by the Financial Market Authority (FMA) of Austria.
  • Customer Support Options: 24/7 customer support via live chat, email, and social media.
  • EUR Deposit Methods: Bank transfer, Debit/Credit Card, NETELLER, Bank Wire, and PayPal.
Bitpanda.

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Is Crypto Legal in Portugal?

Yes, cryptocurrency is indeed legal in Portugal, and the government has been proactive in fostering a positive environment for the use and trading of digital assets. The regulatory landscape in Portugal is overseen by the Bank of Portugal, which is the country's central bank, and the Portuguese Securities Market Commission (CMVM). The Bank of Portugal is responsible for implementing Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) regulations, while the CMVM focuses on the supervision of securities markets, including initial coin offerings (ICOs) and other crypto-related financial instruments

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The Bottom Line

In conclusion, Portugal offers a safe and accessible environment for cryptocurrency trading, with five top exchanges to choose from: Uphold, OKX, Bybit, eToro, and Bitpanda. Each platform caters to different user preferences, with options for various trading types, staking, and asset range. As the Portuguese government maintains a supportive stance towards cryptocurrencies, investors should ensure compliance with the country's regulations for a seamless trading experience.