Is Portugal Crypto-Friendly?

Yes, Portugal is very crypto-friendly and has been encouraging cryptocurrency adoption for years. The government even allowed exchanges to operate without needing a license in 2018. This means that Portuguese investors can safely exchange cryptocurrencies without worrying about complex regulations or costly fees.


5 Best Crypto Trading Platforms in Portugal

Below we have provided a list of the Five Best Crypto Exchanges in Portugal. These platforms are ranked based off key factors such as fees, supported assets, regulation, security, customer support and more.

1. Uphold - Best Overall Crypto Exchange in Portugal

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 - Best Alternative Crypto Exchange

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.


3. Bybit - Best Non-KYC Crypto Exchange

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

4. eToro - Best Multi-Asset Crypto Exchange

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

5. Bitpanda - Best European Crypto Exchange

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.

The Bottom Line

The best crypto exchange in Portugal is Uphold. It offers some of the highest liquidity levels of any platform available, with low trading fees and tight spreads. In addition, Uphold provides unparalleled security measures such as multi-signature wallets and encryption for all customer data. With its suite of features, it's no wonder that Uphold has become one of the most popular exchanges among Portuguese traders.