10 Best Crypto Exchanges in Europe 2024
Best Crypto Platform in Europe in 2024 - Coinbase
TOP Crypto Platforms in Europe in 2024:
| Platform | Best For | Number of Coins |
|---|---|---|
Most secure and well regulated crypto exchange |
||
A vast amount of trading options and low fees |
Over 100 coins |
|
Best Overall Exchange for Day Traders |
320+ |
|
Multiple digital assets. Secure and convenient |
More than 400 coins |
|
Low fee trading |
250+ |
The year 2023 saw investments into cryptocurrencies like never before. Cryptocurrencies, especially those that operated independently of Bitcoin, grew at astronomical rates because people could now directly invest in different coins that served specific purposes. That was why crypto investments in 2023 saw multiple returns. Terra, for example, grew by a massive 12,000% last year.
Bitcoin itself has done better than most of the prized assets the world has always known. In the last decade, neither Nasdaq nor the SP500 has yielded the kind of returns that Bitcoin offered its investors. Bitcoin today is one of the most valuable assets held globally. It's not too late to join the train.
The year 2023 promises not to be different. Returns promise to be in multiples as well. As an investor who wants to earn this year, we'll show you the best pathway to making the most profit: buying cryptocurrencies on exchanges. With a comprehensive list of the best exchanges in Europe this year, we have presented a guide on trading cryptocurrencies for the best returns.
Like a typical broker, the best crypto brokers in Europe allow you to buy or sell easily. The most significant advantages of the best cryptocurrency trading platform in Europe are that they are secure and give you access to the best deals for a minimal fee. With many cryptocurrencies to choose from, investors stand a better chance of dealing with exchanges that offer the best tools to trade with them.
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What is the fastest crypto exchange in Europe?
The fastest crypto exchange in Europe is often considered to be Bybit due to its advanced trading engine and infrastructure.
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Which crypto exchange is best?
The best crypto exchange depends on individual needs and preferences, such as security features, trading fees, available cryptocurrencies, and user interface. For many people, Bybitranks is the top crypto exchange platform.
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How can you buy crypto in Europe?
You can buy crypto from Europe by using a reputable crypto exchange, such as Bybit, Coinbase, Kraken, or Binance, and funding your account with fiat currency via bank transfer, credit/debit card, or other payment methods.
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What is the best Binance Alternative in Europe?
There are several Binance alternatives in Europe, such as Bybit, Crypto.com, and eToro. Out of these, Bybit is the best alternative.
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Are cryptocurrencies legal tender in Europe?
While cryptocurrencies are widely popular in Europe, they are not legal tender. However, cryptocurrencies can easily be converted into fiat currencies accepted in Europe.
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Can I make money trading in cryptocurrencies in Europe?
Yes. You can make a lot of profit by trading in cryptocurrencies through exchanges.
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How secure are my funds in Crypto exchanges?
Most exchanges take the security of their customers' funds seriously, so your funds are largely secure. You must, however, follow security protocols yourself to safeguard your funds. You can read security reviews of the exchanges before making a choice.
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How do I make withdrawals from my account?
Most exchanges allow for different means of withdrawals. Some charge a little fee for it. Most withdrawals are made with a card or bank account registered with the account.
Top 10 Crypto Exchanges in Europe
If you're a beginner or want to take your crypto investments to the next level, you need to take an exchange seriously. Crypto Exchanges help ease transactions giving you a secured platform to buy and sell at market rates while charging minimal fees.
If you're in Europe and you want to trade in cryptocurrencies, we want to make it easy for you. We have outlined the best crypto exchange in Europe for you. They all have their strengths, so, depending on what you intend to trade-in, you can make informed choices that would be of best interest to you.
There are several considerations to make, especially if you're a beginner in a European crypto exchange. For example, while some brokers are great for beginners, others may not have as many coins on their platform. Some exchanges are great for day trading, while some are more suited for sophisticated trading.
But first, let's do a simple comparison before highlighting the specifications of the ten best exchanges for crypto traders in Europe.
| Broker | Best For | Fees | EUR support | Number of Coins |
|---|---|---|---|---|
Converting one crypto to another. |
0.5%-4.5 % (Depending on the crypto type, transaction size, and payment method) |
EUR deposit supported via SEPA transfer |
More than 100 coins |
|
A vast amount of trading options and low fees. |
0.15% fees for market takers |
EUR supported for trading |
Over 100 coins |
|
Best Overall Exchange for Day Traders |
Taker fee 0.075% Maker fee 0.025% |
EUR deposit supported |
320+ |
|
Multiple digital assets. Secure and convenient. |
0.2% base trading fees |
EUR deposit supported via SEPA transfer |
More than 400 coins |
|
Low fee trading |
start from 0.075% and 0.034% for the Spot and Derivative 0% maker fees |
EUR Bank Transfers via SEPA Network |
250+ |
|
Comprehensive security features. |
0-0.26% per trade. 1.7% for online bank processing |
EUR deposit supported |
More than 110 coins |
|
Casual and beginner trading.Very user-friendly |
No charges for $ deposit. $5 withdrawal fee (minimum withdrawal: $30). $10/month inactivity fee (after 12 months of inactivity) |
EUR deposit and withdrawal supported |
About 50 coins |
|
Low fees and high liquidity. |
0.2% taker fees |
EUR supported |
About 150 coins |
|
Buying futures and Perpetual swap contracts. |
0.05% taker fees. |
EUR supported |
About 320 coins |
|
Institutional trading and the widest selection of cryptocurrencies. |
0.2% commission on all trades |
EUR supported for trading, deposits, and withdrawals |
Over 360 coins |
1. Coinbase - Most Secure Exchange
Coinbase
With more than 100 tradable cryptocurrencies on its platform and well over 79 million users, Coinbase is a popular exchange with a standard and professional version. The significant difference between Coinbase and Coinbase Pro is that the latter has added advanced features. Users can easily switch to Coinbase Pro on the platform without any special training. Although it was a Bitcoin trading platform at inception, Coinbase now trades in several other cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), Dogecoin (DOGE), Uniswap (UNI) and Litecoin (LTC).
Trading on Coinbase is easy, and just like Binance, it is available online and on mobile devices. For beginners, Coinbase is very user-friendly as it has an interface that is easy to transact from without any complications. Any residual knowledge from trading stocks would do on Coinbase. Users can view and manage their accounts from anywhere and at any time.
Coinbase supports a decentralized financial system and has no known office, so it is not regulated in any way. Despite being a relatively secure platform, unsuspecting traders have occasionally been victims of the fraudster.
👍 Pros
• Coinbase is excellent for beginners. With a pro version that offers added features, you are covered regardless of your crypto trading knowledge. Coinbase also has a relatively high number.
👎 Cons
• Coinbase has fewer coins than Binance on its platform. Also, customers with issues find it extremely difficult ever to get resolutions. Although not peculiar to Coinbase, the charges on transactions are a bit high.
2. OKX (OKEx) - Platform With Optimal Commissions
OKX (OKEx)
OKEx makes trading of cryptocurrencies direct, seamless, and stress-free. You can make transactions with multiple options from the platform, via your wallet, or even from your bank account. You can also make transactions from your card. OKEx also charges some of the lowest fees for crypto transactions.
OKEx has a global presence and has over 20 million users on the platform. The United States imposes strict regulatory restrictions, making it difficult for the medium to attend to US customers.
The services on OKEx are mouthwatering. With support for up to 305 cryptocurrencies and access to more than 325 spot currencies, including Bitcoin, Terra, Ethereum, Avalanche, and its OKB coin, you can carry out multiple transactions, and there's a high possibility you'll find any coin you're looking for on the platform. With OKExChain, its blockchain, users on the platform enjoy even more products.
OKEx secures users' funds by keeping most of them in cold storage and requires a password for withdrawals. Although some users complain of slow withdrawals, hidden charges, and even slower customer service, many users trust the security OKEx provides.
What's more? With a fee of 0.1% for spot trades, competitive rates for futures, swaps, and options, and OKB holders enjoying huge discounts, the platform is popular among traders.
New users and beginners would find OKEx a very easy-to-understand platform. Buying, selling, and swapping currencies are very straightforward, and it has an active trading platform with more advanced options, including trading bots.
👍 Pros
• With options of trading with a bank account, wallet, or card, the OKEx platform makes it easy for traders. The platform also allows for the staking of cryptocurrencies with opportunities for huge returns.
👎 Cons
• Without disclosing the fees for withdrawals and deposits, OKEx users have often complained of hidden charges. For regulatory purposes, OKEx is not available in the United States.
3. Bybit - Best Overall Exchange for Day Traders
Bybit
Bybit is a relatively new player in the market, having been founded in 2018. However, it has quickly risen to become one of the top 10 crypto exchanges globally, offering a wide range of trading options, particularly for Bitcoin and Ethereum. Bybit has positioned itself as a derivatives exchange, meaning that it offers leveraged trading, perpetual contracts, and futures trading.
One of the standout features of Bybit is its user-friendly interface. The platform is easy to navigate, making it accessible even to those new to cryptocurrency trading. Additionally, Bybit offers a range of trading tools and charts to assist traders in making informed decisions.
Another area in which Bybit excels is its fees. The platform boasts some of the lowest trading fees in the industry. This makes it an attractive option for both novice and experienced traders.
Security is a top priority for Bybit, and the platform has taken several measures to ensure its users' funds are protected. Bybit uses multi-signature wallets, which require multiple keys to authorize transactions. Additionally, the platform has implemented two-factor authentication (2FA) for login and withdrawals, ensuring that only the account holder can access their funds.
As for customer support, Bybit offers 24/7 live chat support, which is a significant advantage for users who need quick assistance. The platform also has a comprehensive FAQ section, which provides detailed answers to common questions.
Overall, Bybit is a reputable crypto exchange that offers a range of trading options and features, making it an excellent choice for traders looking to buy Bitcoin in Europe.
👍 Pros
•User-friendly interface: Bybit has an easy-to-use interface that makes it accessible to both novice and experienced traders. The platform provides a range of trading tools and charts to assist traders in making informed decisions.
•Low fees: Bybit has some of the lowest trading fees in the industry, making it an attractive option for traders.
👎 Cons
•Limited deposit options: Bybit currently only accepts deposits in Bitcoin, Ethereum, and Tether. This can be limiting for those who prefer to use other cryptocurrencies or fiat currencies to fund their accounts.
4. Huobi - Best Platform for Beginners
Huobi
With its origin in Asia, Huobi began, like most exchanges, as a Bitcoin trading platform in China. It set its sights overseas after strict restrictions in China drove it outwards. Huobi had been hit by several crises but remained relevant due to having its blockchain and token. However, Huobi has faced several regulatory challenges and has no recognizable licenses. It expanded as a Bitcoin exchange in Europe and is available on the web and mobile (Android and iOS), allowing for trading on the go.
With several assets added constantly to the platform, Huobi has at the moment over 400 cryptocurrencies you can trade with, including the most prominent ones Bitcoin (BTC), Dogecoin (DOGE), Ethereum (ETH), Litecoin (LTC) and Uniswap (UNI)
Huobi prioritizes traders who hold its local token, the Huobi Token HT, and offers a discount on the 0.2% trading fees.
Registering on the Huobi platform is a very seamless procedure and is very simple. It has limited customer service but tries to sort challenges faced by investors.
👍 Pros
• Huobi has one of the largest cryptocurrencies on its platform and provides excellent investment yields.
👎 Cons
• The platform does very little to encourage beginners, and its largely unregulated nature makes it challenging to operate globally. Huobi has also been accused of trying to manipulate its platform.
5. Crypto.com - Best for Low Fees
Crypto.com
You may find Crypto.com to be a good option if you're looking for an all-in-one cryptocurrency platform that's affordable and easy to use. Aside from rewarding its users in several ways, Crypto.com offers over 100 different cryptocurrencies for investment. In addition to using crypto for everyday purchases, the exchange has its own VISA card. Furthermore, Crypto.com's debit card offers 8% cash back on purchases. You can earn crypto positions through crypto.com's rewards program if you enjoy spending money.
Also, Crypto.com withdrawal fees are free. Remember that if you're using a blockchain like Bitcoin or Ethereum to withdraw your funds, you'll still need to pay a transaction fee to miners.
👍 Pros
• A wide range of crypto assets are available.
• Cash transfers have low fees.
👎 Cons
• There are relatively high fees associated with credit and debit purchases.
• There are some services not available in the U.S.
• Trades between cryptos are not allowed.
6. Kraken - Best Educational Exchange
Kraken
Based in the United States, Kraken has a large market in Europe because it has a large selection of trading pairs with the Euro, providing a trading platform between different cryptocurrencies and fiat currencies. You can also convert USD to other select currencies on the Kraken platform, although this service varies from country to country.
Offering a very secure platform, Kraken provides exceptional safety features, including two-factor authentication, and is licensed by financial authorities in London and America. Kraken also, to its credit, possesses an American banking license and plans on establishing a global crypto bank sometime in the future.
Kraken's main selling point is its ability to simplify trading of the world's leading cryptocurrencies as you can trade directly from your bank account on the Kraken platform. Signing up is also so easy that it only takes minutes, and in case you run into a problem with your account, you have 24-hour customer service ready to attend to you. However, if you follow simple safety guidelines, your funds should be safe on Kraken.
Apart from its main trading platform, Kraken also has a Kraken Pro platform with more advanced features for experts and a complex interface. The advantage of Kraken Pro is that it attracts lower fees for transactions than the main Kraken platform. The Pro version is available to everyone on the platform.
Kraken supports over 110 coins, including Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE) and Litecoin (LTC) and Uniswap (UNI).
👍 Pros
• Kraken has a high liquidity exchange and supports over 110 coins. It is also easy to use and has an excellent, simple interface (although the Pro version has a more complicated interface)
👎 Cons
• Beginners who are not familiar with Kraken Pro pay more fees.
7. eToro - Best Broker for Social Trading
eToro
Although eToro is a regulated crypto trading platform, it is not listed on any stock exchange. In the UK, the Financial Conduct Authority regulates the activities of eToro. Many users see the regulation of eToro as a significant plus, as the regulation by respected authorities gives traders added security. eToro also has an added option of a two-step login system for added security. However, biometric authentication is not enabled.
Beginners who want to know how the eToro platform operates can test the platform with the demo account to trade with virtual play money of $100,000.
But perhaps, the most significant selling point of eToro is the relatively low fees charged for trading. However, it had a high fee of $10 per month for non-trading, which only goes into effect after one year of inactivity. An act as simple as logging into your account is enough to escape this sanction. The minimum deposit for eToro, at $200, is also relatively low. This, however, differs from country to country.
eToro has several options for depositing money. For Europeans, you have to pay a conversion fee to deposit or withdraw in EUR as the platform only operates USD accounts. Withdrawing on eToro attracts $5
👍 Pros
• eToro has a very straightforward account opening system. It's as simple as registering with your email. eToro is also regulated, giving an added guard of security to investors. It is also an excellent platform for social trading.
👎 Cons
• The non-trading fees are high. This is, however, for those who do not access their account in a year. Also, it only accepts deposits in USD and charges conversion fees.
8. Bitfinex - Best Trading Platform for BTC
Bitfinex
By volume, Bitfinex remains one of the world's most valuable crypto exchanges. With support for over 150 cryptocurrencies, the user-friendly platform offers features that even test your trading skills with a free paper trading account.
On security, Bitfinex has added security features like two-factor authentication and several cold storages of customer assets.
The mobile app best serves new users and beginners. Still, more active traders on the Bitfinex platform would be familiar with the interface, which has features that make it easy to monitor and review your trading.
Bitfinex can be accessed as long as the prospective trader can register and provide a value ID. The registration is straightforward.
Bitfinex offers very low trading fees.
👍 Pros
• With trading fees at about 0.20%, this is very competitive. Bitfinex also allows beginners to learn on the job.
👎 Cons
• Due to breaches in the past, Bitfinex has faced several sanctions. It is also unavailable in the United States.
9. BitMEX - Best Platform for Long-term Investment
BitMEX
BitMEX was started as a trading platform for Bitcoin derivatives. Its name stands for Bitcoin Mercantile Exchange. After it gained the trust of investors, BitMEX has been able to grow to support 18 different currencies, including Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE) and Litecoin (LTC).
BitMEX is largely unregulated, and its founders have been severally accused and charged for infractions in the United States. Because it cannot be regulated in the US, it is not available to US citizens.
BitMEX has a bias for institutional trading, so day-traders and beginners may want to think again. However, it is easy to use for those already familiar with the basics of trading. BitMEX, being a Bitcoin trading platform, offers the best leverage for Bitcoin for trading and one of the lowest fees around. With only 0.05% paid by takers, the platform has a massive volume of traders.
BitMEX has several security features that ensure that funds are safe and audit transactions to prevent fraud. The platform doesn't provide services in the United States and other countries in the Middle East and Africa
👍 Pros
• The low trading fees on offer at BitMEX make it very attractive. It also has vast Bitcoin and Ethereum leverages.
👎 Cons
• BitMEX is limited in that it only operates crypto-crypto trading. Transactions can't be done with fiat currencies.
10. Bittrex - Best Platform for Graphical Analysis
Bittrex
Bittrex is well known for crypto-to-crypto trading with up to 300 trading pairs. However, you can also trade fiat currencies on Bittrex, although with minimal options. But because of the significant number of coins supported by the platform, including Bitcoin (BTC), Ethereum (ETH) and Dogecoin (DOGE).
Bittrex is also known for low and competitive fees and an excellent security structure. It implements two-factor authentication for users and keeps most of their funds in cold storage. Bittrex supports mobile applications and on desktop, and traders have multiple options to buy and sell from their dashboard. Bittrex has a very interactive interface and provides users with real-time updates on the markets and their balances. However, the interface may be too detailed for beginners to flow with. However, experienced traders would find Bittrex an excellent platform.
One significant advantage of Bittrex is its interface graphically presents the analysis of the user's account and offers security tips to keep the account secure. New traders also have to be identified by Bittrex's internal verification procedures before they are allowed to start trading.
👍 Pros
• Bittrex provides many cryptocurrencies and offers some of the lowest fees available. The exchange also has global support to trade from virtually anywhere.
👎 Cons
• Bittrex is more suitable for crypto-to-crypto trading and has minimal customer service. Also, the exchange makes it very difficult for users to verify their identities. While this may be good for security, the lack of responsive 24-hour customer service keeps many users dissatisfied.
Is Crypto Trading Legal in Europe?
Crypto trading in Europe, including the United Kingdom, Germany, France, and Spain, is legal, but it is subject to various regulations and frameworks that have been evolving over recent years.
In the European Union, the regulatory landscape for cryptocurrencies has been shaped significantly by the introduction of the Markets in Crypto Assets (MiCA) regulation. MiCA provides a comprehensive framework for the regulation of crypto-assets, including cryptocurrencies. It aims to support the development of digital services and alternative payment instruments while ensuring consumer protection, market integrity, and financial stability. Under MiCA, crypto-assets are broadly categorized into three sub-categories: electronic money (e-money) tokens, asset-referenced tokens, and other crypto assets.
This regulation also addresses issues such as stablecoin stability, money laundering, environmental impacts, and consumer protection. Crypto-asset service providers operating in the EU must adhere to these regulations, including obtaining necessary authorizations and ensuring transparency and accountability.
In specific countries:
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United Kingdom: Since Brexit, the UK has its own regulatory approach distinct from the EU. However, crypto trading is legal, and the country has been working on creating a regulatory framework that aligns with its own financial policies and market dynamics.
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Germany: Germany is known for its relatively progressive stance on cryptocurrencies. It recognizes Bitcoin and other digital currencies as a "unit of account" and, therefore, legally equivalent to foreign currencies. German residents can trade and hold cryptocurrencies, and the country has implemented regulations to prevent money laundering and ensure the transparency of crypto transactions.
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France: France has a regulatory framework that allows for the trading and use of cryptocurrencies. The French authorities have been proactive in creating guidelines to support the use of digital currencies while ensuring that they are used responsibly and within the bounds of the law.
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Spain: Spain also allows for crypto trading and has been working on integrating regulations that ensure the safe and legal use of digital currencies. The Spanish government has been focusing on tax regulations related to cryptocurrencies, ensuring that gains from crypto trading are appropriately taxed.
Overall, while crypto trading is legal in Europe, including the countries mentioned, the regulatory environment is complex and continually evolving. Entities engaging in crypto trading or related services must navigate a landscape of rules that aim to balance innovation with consumer protection and financial stability.
Are Cryptocurrency Exchanges Regulated in Europe?
Yes, cryptocurrency exchanges are regulated in Europe, although the extent of the regulation may vary from country to country. Since 2020, cryptocurrency exchanges have been part of the European Anti-Money Laundering (AML) structure. This means that they are required to conduct customer monitoring and due diligence to prevent money laundering and other illegal activities. However, the specific regulations that apply to cryptocurrency exchanges may vary depending on the country in which they are located.
What Are Some Examples of Regulation in the EU?
Several countries in the EU have implemented regulations on cryptocurrency exchanges. For example, Binance, one of the best crypto brokerages, is regulated in France. Binance has received regulatory approval from the French financial markets regulator, the Autorité des Marchés Financiers (AMF), to operate as a cryptocurrency exchange. Other reputable crypto exchanges in Europe are also regulated by their respective national authorities. For example the Coinmama cryptocurrency exchange is registered in the United Kingdom and is subject to the financial laws of that country.
How Does Regulation Impact Users?
Regulation of cryptocurrency exchanges can provide several benefits for users. For example, it can ensure that exchanges follow best practices for security and customer protection, which can help to prevent fraud and other illegal activities. Additionally, regulated exchanges are more likely to be reputable and reliable, which can give users peace of mind when buying Bitcoin in Europe.
Taxation of Cryptocurrencies in Europe
As with any investment, it is essential to understand the tax implications of holding and trading cryptocurrencies. With cryptocurrencies becoming more prevalent, governments across the world are looking for ways to tax them. Tax transparency rules are increasingly becoming the norm.
What Are the New Tax Transparency Rules Proposed by the European Commission?
In December 2021, the European Commission proposed new tax transparency rules for all service providers facilitating transactions in crypto-assets for customers resident in the European Union. The proposed rules require service providers to collect and report information on all transactions in crypto-assets, including the identity of the buyer and seller, the amount of the transaction, and the date and time of the transaction.
The proposed rules aim to improve tax transparency and prevent tax evasion in the cryptocurrency market. They would apply to all service providers, including cryptocurrency exchanges, wallet providers, and other intermediaries.
Can Buying Crypto Assets Be Tax-Free?
One question that many investors have is whether they can avoid taxes when dealing with cryptocurrencies. While there are some situations where taxes may not apply, it's important to understand the rules and regulations surrounding taxes and cryptocurrencies.
Firstly, it's worth noting that buying and holding cryptocurrency is not subject to taxation in most countries. This means that if you buy Bitcoin, for example, and hold onto it for a period of time without selling, you won't have to pay any taxes on the asset's value.
However, taxes may come into play when you sell or exchange your cryptocurrencies. For example, if you buy Bitcoin for $10,000 and then sell it for $15,000, you will likely be subject to capital gains tax on the $5,000 profit you made.
It's also important to note that taxes may not apply in certain situations, such as when you receive tokens from an airdrop or hard fork. Airdrops and hard forks are processes where existing cryptocurrency holders receive additional tokens for free. Since these tokens are received without any action on the holder's part, they are not considered taxable income in most countries.
Similarly, when you lend or stake your cryptocurrencies, you may not be subject to taxes. Lending involves loaning out your cryptocurrency to another party in exchange for interest, while staking involves holding onto your cryptocurrency to help validate transactions on the blockchain network. In both cases, you may earn interest or rewards, but these are generally not considered taxable income in most countries.
How to Choose a European Crypto Exchange?
As a European or a visitor traveling to Europe, choosing the proper exchange is important because you do not want a choice that would limit you in any way. Here are the points to note before choosing a crypto exchange:
Accessibility in Europe
All of the exchanges we have reviewed are accessible in Europe. You must confirm that you'll be able to trade in Europe with it.
Customer service
Customer service is essential, especially for new users. You are likely to run into some problems that would require urgent resolutions. Choose an exchange with an active customer service plan.
Number of Fiat currencies
The USD, EUR, and GBP are the significant currencies you should consider when choosing an exchange. If the currencies aren't available, they may not be instrumental in Europe.
Security
There are different levels of security that are offered by exchanges. Choose the one that gives confidence and rest of mind.
Deposit and withdrawal guidelines
Be sure to consider exchanges that make deposits and withdrawals seamless and cheap.
User-friendliness
Your exchange interface must be easy to navigate, especially if you're a beginner.
Where to Store Crypto in Europe
The security of your cryptocurrencies in Europe depends mainly on where you store them. Cryptocurrencies are stored either in the balance of your exchange accounts or personally in wallets. You should choose an exchange in Europe that stores most of its user funds in cold wallets and has security protocols that prevent theft. Several of the exchanges we highlighted above are competent in this regard.
In Europe, you can also store your cryptocurrencies in hot or cold wallets. Hot wallets are online storage systems, while cold wallets are offline storage systems, e.g., paper wallets and hardware wallets. Generally, hot wallets are more susceptible to loss through hacking than cold wallets, which can never be hacked. However, the advantage of hot wallets is their accessibility and mobility.
Where Can I Use Crypto in Europe?
Since China's crackdown on cryptocurrencies limited its use in the Asian continent, Europe has become the crypto capital of the world. There's no better place than Europe where you can own or trade in cryptocurrencies. Apart from easing payment systems across countries, it is a very profitable means of investment. Because of its huge demand, investing in cryptocurrencies through exchanges in Europe can fetch lots of returns. However, being very speculative and lacking central regulations, the market could be pretty volatile. However, with proper guidance, owning cryptocurrencies in Europe makes a lot of business sense.
Is Crypto a Good Investment?
Crypto is an excellent investment, especially if you're adequately guided. Some crypto exchanges guide how best to trade and provide multiple options. Crypto exchanges offer a comprehensive plan to make the most profit with many coins and currencies.
Cryptocurrencies also give the investor direct control over the investment at little or no cost. Exchanges also provide the broadest range of investments on one platform.
Methodology for compiling our ratings of crypto exchanges
Traders Union applies a rigorous methodology to evaluate crypto exchanges using over 100 quantitative and qualitative criteria. Multiple parameters are given individual scores that feed into an overall rating.
Key aspects of the assessment include:
User reviews. Client reviews and feedback are analyzed to determine customer satisfaction levels. Reviews are fact-checked and verified.
Trading instruments. Exchanges are evaluated on the range of assets offered, as well as the breadth and depth of available markets.
Fees and commissions. All trading fees and commissions are analyzed comprehensively to determine overall costs for clients.
Trading platforms. Exchanges are assessed based on the variety, quality, and features of platforms offered to clients.
Extra services. Unique value propositions and useful features that provide traders with more options for yield generation.
Other factors like brand popularity, client support, and educational resources are also evaluated.
Summary
Cryptocurrencies in Europe are becoming more widely accepted and accessible not just as a form of payment but as a means of investment. We reviewed ten of the most popular crypto exchanges in Europe with added information for customers who want to start investing in cryptocurrencies.
Team that worked on the article
Alamin Morshed is a contributor at Traders Union. He specializes in writing articles for businesses who want to improve their Google search rankings to compete with their competition.
Over the past four years, Alamin has been working independently and through online employment platforms such as Upwork and Fiverr, and also contributing to some reputable blogs. His goal is to balance informative content and provide an entertaining read to his readers.
His motto is: I can dream or I can do—I choose action.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.
Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.