How to Buy Bitcoin and Crypto in Europe
As outlined above and based on our analysis, the best way to buy digital assets in Europe is through a licensed and regulated platform. With this method, investors can safely deposit Euros (EUR) and other currencies via SEPA bank transfer, debit card, credit card and more to legally buy and sell cryptocurrencies.
Our review of over 50 platforms concluded that Uphold is the premier choice for investors in Europe. Uphold is licensed and regulated by the Financial Conduct Authority (FCA, providing a safe environment to trade and store over 250 crypto assets from any country in the EU region. Here is a simple step-by-step guide to getting started:
- Open an account with Uphold and complete the identity verification process.
- Go to ‘Deposit Funds’ and select 'My banks' to connect any European Bank account & deposit EUR, NOK, SEK, CHF or any of the 30+ currencies available.
- Find whatever asset you want to buy from the search bar and tap ‘Trade’.
- Enter the amount you want to purchase and select ‘Open Trade’.
What are the Fees to Buy Crypto in Europe?
The costs linked to the purchase of cryptocurrencies may differ depending on the selected exchange. Our assessment of various platforms in Europe concludes that Uphold is the most fee-friendly choice for investors. Their platform currently has zero charges for deposits and trades, with a narrow spread of just 0.5%.
We compared the fees of Uphold with those of other prevalent platforms like Kraken and eToro and found that their fees and spreads are considerably higher, including a charge and spread of 1%, which may go up to 2%. Therefore, Uphold might be the most cost-efficient option for those seeking to invest in cryptocurrencies in Europe.
Are Digital Assets Legal in Europe?
Digital assets are legal in Europe, but the regulatory landscape varies across countries. In general, the European Union has taken a positive stance towards digital assets, recognizing them as a new form of financial instrument. The EU has recently passed the Markets in Crypto-Assets (MiCA) Regulation that sets a clear and harmonized regulatory framework for the asset class.
This new legislation highlights the importance of cryptocurrencies in the European Union, allowing investors to trade and store digital assets legally. It also sets a clear framework for exchanges and other service providers that are involved with providing financial services related to crypto assets.
Bottom Line
In conclusion, buying digital assets in Europe is safe and easy as the Council of the European Union provides clear regulatory guidelines. Uphold is the most recommended platform due to its zero charges for deposits and trades, with a narrow spread of just 0.5%.
Digital assets are legal in Europe, but the regulatory landscape varies across countries, and the Markets in Crypto-Assets (MiCA) Regulation has been recently passed to provide a clear and harmonized regulatory framework for this asset class.
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