Summary
Cryptocurrency is legal in the Czech Republic, with a regulatory framework in place. Popular payment methods include bank transfers and credit cards. The Czech National Bank (CNB) oversees crypto regulations. Key laws include AML/CFT regulations and licensing requirements for crypto businesses. Here are the best crypto exchanges in Czech Republic:
Best Crypto Exchanges in Czech Republic
This article examines the top crypto exchanges available in the Czech Republic, focusing on platforms that support the local currency (Czech koruna, CZK) and offer suitable payment methods for Czech users. We’ll evaluate factors such as supported cryptocurrencies, trading fees, deposit options, and KYC requirements to help you make an informed decision when choosing a crypto exchange.
For Czech users, bank transfers and credit card payments are widely supported methods for purchasing cryptocurrencies. These options provide a convenient way to fund your account using CZK.
1. Bybit
Users:
40m
Free Demo:
Mobile App:
Bonus
$30,000
Cryptos:
600+
Leverage:
100x
Spot Fees:
0.1%
Futures Fees:
0.02%/0.055%
Pros
- Low fees
- 600+ supported crypto assets
- 100x leverage and deep liquidity
- Advanced order types and additional features
- Great 24/7 customer support
- Automated copy trading
Cons
- Regulatory uncertainty in Europe and USA
- May be confusing for beginners
- Cryptocurrency investments carry high risks
Overview
Bybit stands out as one of the most advanced crypto exchanges with deep liquidity and low fees. Bybit users can trade Spot, Futures, Options, NFTs, and even Inscriptions. Additionally, Bybit offers copy trading and bot trading to automate your income streams. Bybit copy trading is one of the best in the crypto industry.
Where Bybit excels is its derivatives platform with 320+ perpetual futures contracts and up to 100x leverage. With advanced order types such as TWAP or Iceberg orders, Bybit caters to experienced traders seeking the best options.
On the spot market, Bybit supports over 500 cryptos and up to 10x margin, making Bybit a versatile crypto exchange.
With low fees of 0.1% maker and 0.1% taker for spot trading and 0.02% maker and 0.055% taker for futures trading, Bybit has highly competitive fees. To top it all off, Bybit offers fee discounts based on your 30-day trading volume. The more you trade, the more you save.
2. MEXC
Users:
15m
Free Demo:
Mobile App:
Bonus
$20,000
Cryptos:
2400+
Leverage:
300x
Spot Fees:
0.05%
Futures Fees:
0.01%/0.04%
Pros
- Lowest Trading Fees
- 2000+ supported crypto assets
- 300x leverage and deep liquidity
- 24/7 customer support
- Best for altcoin and leverage trading
Cons
- Not available in the US
- Newly launched coins pose high risk
- May request KYC in the future
Overview
MEXC is known as the crypto exchange with the lowest fees. What makes MEXC stand out is its 0% maker fee offer, meaning you can trade without any fees. However, the spot and futures taker fees start at 0.02%. No crypto exchange can compete with the MEXC fee structure.
If you are a day trader seeking high leverage, MEXC may be one of your best options. With 300x leverage over 400 futures contracts and by far the lowest fees, MEXC is truly a day trading heaven.
Even if you are not interested in leverage trading, MEXC has you covered with over 2000 supported cryptocurrencies on the spot market. While MEXC offers tons of new altcoins, we recommend being cautious as the legitimacy of newly listed projects may be questionable.
All in all, MEXC is arguably the best option for high-frequency traders seeking low fees to get the best value for money.
3. Coinbase
Users:
100m
Free Demo:
Mobile App:
Bonus:
$10
Cryptos:
250+
Leverage:
5x
Spot Fees:
0.4%/0.6%
Futures Fees:
0.02%/0.05%
Pros
- Most beginner-friendly exchange
- Fully regulated and licensed
- Great customer support
- Reputable with over 100 million users
- Comprehensive fiat deposit methods
- Great wallet for on-chain access
Cons
- Lacks advanced features
- Very high spot trading fees
- Poor liquidity
Coinbase Overview
Coinbase is one of the largest and most well-known cryptocurrency exchanges for buying cryptos.The platform currently has a user community of over 100 million users worldwide. What makes Coinbase special is its user-friendly interface. The platform is designed to be easy to use, making it accessible for beginners. Coinbase offers a clean and intuitive interface for buying, selling, and managing cryptocurrencies.
Crypto traders have access to over 250 cryptos for active trading. One downside of Coinbase is the fee structure. When you place an order at the market price that gets filled immediately, you are considered a taker and will pay a fee of 0.60%, which is very expensive.
Another thing about Coinbase is that it offers a wide range of crypto services. These include wallets, NFT, crypto staking, Coinbase cards, and many more to help improve the overall trading experience on the platform. One of our favorite features is the Coinbase wallet.
It is suitable for beginners but also offers advanced trading tools including real-time charts, technical indicators, and many more for advanced traders.
4. Binance
Users:
200m
Free Demo:
Mobile App:
Bonus:
$100
Cryptos:
400+
Leverage:
125x
Spot Fees:
0.1%
Futures Fees:
0.02%/0.05%
Pros
- Most comprehensive crypto exchange
- Most advanced features and products
- 24/7 customer support
- 400+ cryptocurrencies
- Reputable with over 200 million users
- Best liquidity
Cons
- Not beginner friendly
- Restricted in many regions due to regulations
- EU traders must use BNFCR for futures trading
Overview
Reaching over 200 million registered users in 2024, Binance is by far the largest crypto exchange in the world. The platform is incredibly comprehensive, offering crypto traders all the tools they need to make a profit in the crypto market.
With over 400 cryptocurrencies to trade, leverage of up to 125x, directly integrated charts from TradingView with tons of technical analysis tools, and many more features, Binance has secured its spot as one of the best crypto exchanges.
Binance offers a wide variety of products, including spot, margin, futures, and options trading, staking, lending, P2P, automated bot trading, copy trading, and even an NFT marketplace. It is safe to say that crypto geeks will find everything they are looking for on Binance.
The trading fees on Binance are very affordable. Binance charges 0.1% trading fees on the spot market (makers and takers alike), which is the industry standard. Where Binance excels is the futures market with fees of only 0.02% for makers and 0.05% for takers.
5. OKX
Users:
50m
Free Demo:
Mobile App:
Bonus:
$10
Cryptos:
350+
Leverage:
100x
Spot Fees:
0.14%/0.1%
Futures Fees:
0.01%/0.06%
Pros
- Highly efficient trading platform
- 350+ assets
- Free demo trading
- Fiat supported
- 24/7 customer support
Cons
- Not available in the US
- Not beginner-friendly
- Limitations and restrictions in Europe
OXK Overview
OKX is the third largest crypto exchange sorted by daily derivatives volume. This is no surprise since OKX’s focus lies in offering a high-efficiency leverage trading experience. While the UI is not necessarily beginner-friendly, it is one of the fastest and most reliable platforms we have come across.
Over 300 coins are supported on OKXs spot market while 250 contracts are available for futures trading with up to 100x leverage. What makes OKX stand out is its extensive liquidity which are without a doubt at the top of the game.
With low futures fees starting at 0.02% maker and 0.05% taker, OKX ensures a cost efficient derivatives trading environment. Spot trading fees however are on the more expensive side starting at 0.14% for makers and 0.23% for takers.
You can easily deposit funds using your credit/debit card. Additionally, you can deposit and withdraw fiat using your personal bank account, making OKX a reliable platform for on- and off-ramp funds.
Is Crypto Legal and Regulated in Czech Republic?
Cryptocurrency is legal in the Czech Republic, and the country has established a regulatory framework to oversee crypto-related activities. The primary regulatory body responsible for cryptocurrency oversight is the Czech National Bank (CNB).
The Czech Republic has implemented the European Union’s 5th Anti-Money Laundering Directive (AMLD5) into national law. This legislation requires crypto exchanges and custodian wallet providers to register with the CNB and comply with AML/CFT regulations. Additionally, the Act on Certain Measures against Money Laundering and Terrorist Financing further strengthens these requirements.
In 2020, the Czech Republic introduced licensing requirements for cryptocurrency businesses. Companies offering crypto-related services must obtain a license from the CNB to operate legally within the country. This measure aims to enhance consumer protection and prevent illicit activities in the crypto sector.
While cryptocurrencies are not considered legal tender in the Czech Republic, they are recognized as a form of intangible asset. This classification provides a legal basis for crypto transactions and ownership within the country.
Is Crypto taxable in Czech Republic?
Cryptocurrency is subject to taxation in the Czech Republic. The Ministry of Finance has issued guidelines on how crypto transactions should be taxed. Income from cryptocurrency trading and mining is generally considered taxable under Czech tax laws.
For individuals, profits from cryptocurrency trading are typically subject to a 15% personal income tax. If the annual income from crypto activities exceeds CZK 1,701,168 (approximately €67,000), an additional 23% solidarity tax may apply to the excess amount.
Cryptocurrency mining income is treated as self-employment income and is subject to both income tax and social security contributions. The exact tax rate depends on various factors, including the individual’s total income and deductions.
For businesses, profits from cryptocurrency activities are subject to the standard corporate income tax rate of 19%. Companies engaged in crypto-related services must maintain detailed records of their transactions for tax purposes.
Disclaimer:
Tax laws are subject to change, and individual circumstances may vary. It is strongly advised to consult with a qualified tax professional or financial advisor for personalized guidance on cryptocurrency taxation in the Czech Republic.
How to Buy Crypto in Czech Republic
Purchasing cryptocurrencies in the Czech Republic is a straightforward process. This guide will walk you through the steps to buy Bitcoin and other digital assets using reputable exchanges that cater to Czech users.
For Czech residents, we recommend using Bybit as your primary cryptocurrency exchange. Bybit offers a user-friendly interface, competitive fees, and supports a wide range of cryptocurrencies, making it an excellent choice for both beginners and experienced traders in the Czech Republic.
Follow these steps to buy cryptocurrencies in the Czech Republic:
- Choose a crypto exchange: Select a platform that accepts CZK for both deposits and withdrawals. Ensure the exchange adheres to Czech regulations and offers convenient payment options for local users. Confirm that the exchange’s KYC (Know Your Customer) process aligns with your ability to verify your identity.
- Create an account and verify your identity: Register on the chosen exchange and complete the KYC process. This typically involves submitting valid identification, such as a government-issued ID, and proof of residence.
- Fund your account: Deposit CZK using a supported payment method. Bank transfers are commonly used due to lower fees, while credit cards offer quicker deposits at potentially higher costs.
- Select your cryptocurrency: Pick from well-known cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), or stablecoins such as Tether (USDT). Make sure your choice aligns with your financial objectives and risk tolerance.
- Execute the purchase: Place a market or limit order for the cryptocurrency you wish to buy. Double-check transaction details, including exchange rates and fees, before confirming the order.
- Secure your assets: Once your purchase is complete, move your funds to a secure wallet. For long-term safety, consider using a hardware wallet to store your cryptocurrency securely offline.
Following these steps will help you securely and efficiently buy cryptocurrencies in the Czech Republic through trusted exchanges that meet local regulatory standards.
Best Crypto Wallets in Czech Republic
Selecting a secure wallet is crucial for safeguarding your cryptocurrency investments in the Czech Republic. Here are some top wallet options suitable for Czech users:
- Ledger: A well-known hardware wallet provider offering top-tier security. Ledger devices support a vast array of cryptocurrencies and provide offline storage, ensuring maximum protection against cyber threats.
- Trezor: A trusted name in hardware wallets, Trezor delivers secure and easy-to-use devices. With wide cryptocurrency compatibility, Trezor integrates smoothly with various software wallets for added flexibility.
- Trust Wallet: A feature-rich mobile wallet that supports multiple blockchains and tokens. Trust Wallet offers a simple interface along with a built-in DApp browser, making it ideal for users of all experience levels.
- Exodus: Known for its sleek interface, Exodus is available on both desktop and mobile platforms. It supports a wide variety of cryptocurrencies and includes built-in exchange features for easy asset management.
- MetaMask: A highly regarded browser extension wallet, primarily designed for Ethereum and ERC-20 tokens. MetaMask is essential for accessing decentralized applications (DApps) and is widely supported across the crypto ecosystem.
When selecting a wallet, it’s important to evaluate aspects such as security, supported cryptocurrencies, and usability. For safeguarding large holdings, hardware wallets like Ledger and Trezor offer unmatched security. Meanwhile, mobile and desktop wallets like Trust Wallet and Exodus provide a balance of security and convenience for daily use. Always follow best practices, such as backing up your recovery phrase and using strong, unique passwords, to ensure your funds remain safe.
Bottom Line
For Czech users seeking the best crypto exchanges in Czech Republic, Bybit and MEXC stand out as top choices. Bybit offers a user-friendly platform with competitive fees and a wide range of cryptocurrencies, making it suitable for both beginners and experienced traders. MEXC provides access to an extensive selection of assets and features low trading fees, catering to diverse trading needs. Both exchanges support CZK deposits and comply with local regulations, ensuring a secure and efficient trading experience for Czech cryptocurrency enthusiasts.
