Summary
Cryptocurrency is legal in Greece, with increasing adoption among its tech-savvy population. Popular payment methods include bank transfers and credit cards. The euro (EUR) is widely supported on major exchanges. The Hellenic Capital Market Commission (HCMC) oversees crypto regulations, while the Bank of Greece monitors developments. Key laws include anti-money laundering (AML) regulations and EU-wide directives. Here are the best crypto exchanges in Greece:
Best Crypto Exchanges in Greece
This article examines the top cryptocurrency exchanges available to Greek investors. We’ll explore platforms that support euro transactions and offer convenient payment methods for the Greek market. When selecting an exchange, consider factors such as supported cryptocurrencies, trading fees, deposit options, and Know Your Customer (KYC) requirements.
For Greek users, exchanges that support bank transfers and credit card payments are particularly advantageous. These methods allow for seamless transactions in euros, minimizing currency conversion costs and facilitating easier fund management.
1. 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.
2. 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.
3. Bitget
Users:
23m
Free Demo:
Mobile App:
Bonus
$6,200
Cryptos:
840+
Leverage:
125x
Spot Fees:
0.1%
Futures Fees:
0.02%/0.06%
Pros
- Over 800 cryptos
- Fair trading fees
- Great for EUR SEPA transfers
- 24/7 customer support
- Very beginner friendly
Cons
- Not available in the US
- No TWAP order supported
- Mandatory KYC for new accounts
Overview
Bitget is a true powerhouse for crypto traders from over 100 supported countries. What makes Bitget special is its beginner-friendly trading platform, which has over 800 supported cryptocurrencies. With so many supported cryptocurrencies, if you are looking to trade altcoins, Bitget might be one of your best shots.
With fiat support for 6 currencies, including EUR and RUB, Bitget is a top choice, especially for European users looking to deposit and withdraw funds in their native currency with ease. The 0% fee for SEPA transactions makes Bitget stand out. Credit card payments are also supported.
Experienced crypto traders can trade futures contracts on Bitget with 125x leverage on selected assets such as Bitcoin or Ethereum.
The spot trading fees start at 0.1% for makers and takers, which is very common in the industry. For futures traders seeking leverage for their day trading activities, Bitget charges very low fees of 0.02% maker and 0.06% taker.
4. 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.
5. BloFin
Users:
2m
Free Demo:
Mobile App:
Bonus:
$5,000
Cryptos:
400+
Leverage:
150x
Spot Fees:
0.1%
Futures Fees:
0.02%/0.06%
Pros
- Excellent for trading
- Very beginner friendly
- No KYC required
- 24/7 customer support
- Up to 150x leverage and deep liquidity
Cons
- Not good for passive income products
- Relatively new spot feature
Overview
Founded in 2019, Blofin is a no-KYC exchange where users can trade perpetual futures. With a recently added spot trading feature, as well as Copy trading for customers to enjoy, Blofin has earned a spot as a top contender in the crypto industry.
Blofin users can access 300+ trading pairs with leverage of up to 150x on the futures market. The exchange has a daily trading volume of $12.6 billion for futures trading, making Blofin one of the most active derivatives exchanges. The platform has integrated a user-friendly trading interface for both beginners and expert traders to navigate.
Blofin trading fees are set according to industry standards. For spot trading, a fee of 0.1% is incurred for both maker and taker, while for futures, the maker and taker fee is 0.02% and 0.06%.
What we love about Blofin is its generous VIP fee schedule, which allows traders to reduce their fees based on their 30-day trading volume.
Is Crypto Legal and Regulated in Greece?
Cryptocurrency is legal in Greece, and the country has taken steps to regulate the industry in line with European Union (EU) directives. The primary regulatory body overseeing crypto-related activities is the Hellenic Capital Market Commission (HCMC). Greece has implemented the EU’s 5th Anti-Money Laundering Directive (AMLD5), which requires cryptocurrency service providers to register with the HCMC and comply with AML/CFT regulations.
The Bank of Greece also monitors developments in the cryptocurrency sector, particularly concerning financial stability and consumer protection. In 2021, Greece introduced Law 4734/2020, which established a regulatory framework for blockchain technology and digital assets, further legitimizing the use of cryptocurrencies.
While crypto exchanges are not explicitly banned, they must adhere to strict registration and operational requirements. Greek authorities have emphasized the need for investor caution and education regarding the risks associated with cryptocurrency investments.
Is Crypto Taxable in Greece?
Cryptocurrency taxation in Greece follows the general principles of the Greek tax system, with some specific considerations for digital assets. The Independent Authority for Public Revenue (AADE) oversees tax matters related to cryptocurrencies.
Capital gains from cryptocurrency trading are subject to a flat tax rate of 15%. This applies to profits realized from selling cryptocurrencies for fiat currency or exchanging one cryptocurrency for another. For individuals engaged in frequent trading activities, income may be classified as business income and taxed at progressive rates up to 44%.
Mining income is generally treated as business income and taxed accordingly. The value of mined coins is calculated based on their fair market value at the time of acquisition. Cryptocurrency received as payment for goods or services is subject to income tax and VAT, where applicable.
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 Greece.
How to Buy Crypto in Greece
Purchasing cryptocurrency in Greece has become increasingly accessible, with several reputable exchanges catering to Greek investors. We recommend using Coinbase for its user-friendly interface, robust security measures, and support for euro transactions. Whether you’re interested in buying Bitcoin, Ethereum, or other popular cryptocurrencies, follow these steps to get started:
- Choose a Crypto Exchange: Select a platform that supports euro transactions and offers your preferred payment options. Ensure the exchange complies with Greek regulations and has appropriate KYC requirements.
- Create an Account and Verify Your Identity: Sign up on the selected exchange and complete the KYC process by submitting the required identification documents to meet AML regulations.
- Deposit Euros: Add funds to your account using popular Greek payment methods like bank transfers (including SEPA), credit cards, or debit cards. Some exchanges may also support alternative options such as PayPal or Skrill.
- Choose Your Cryptocurrency: Select the digital asset you want to purchase. Common choices among Greek investors include Bitcoin (BTC), Ethereum (ETH), and stablecoins like Tether (USDT) or USD Coin (USDC).
- Make the Trade: Place a market or limit order to purchase your chosen cryptocurrency. Double-check the transaction details, including fees, before confirming the trade.
- Secure Your Assets: After purchasing, transfer your crypto to a secure wallet. While you can use the exchange’s built-in wallet for small amounts, for larger holdings, it’s recommended to use a hardware wallet or a trusted software wallet.
By following these steps, Greek users can safely and efficiently enter the cryptocurrency market while ensuring compliance with local regulations and gaining access to various digital assets.
Best Crypto Wallets in Greece
Choosing a secure wallet is essential for Greek cryptocurrency investors to safeguard their digital assets. Below are some of the top wallet options available to users in Greece:
- Ledger: A leading provider of hardware wallets, Ledger offers cold storage solutions like the Nano S and Nano X, which ensure offline protection for various cryptocurrencies. Ideal for long-term storage of larger holdings.
- Trezor: Another trusted hardware wallet brand, Trezor’s Model T and Model One offer strong security features and support numerous cryptocurrencies, making them a great choice for those seeking offline storage.
- Trust Wallet: A widely used mobile wallet, Trust Wallet is user-friendly and supports many cryptocurrencies. It also includes a built-in DApp browser, perfect for Greek users interested in decentralized finance (DeFi).
- Exodus: Available on both desktop and mobile, Exodus offers an intuitive interface and supports a broad selection of cryptocurrencies. Its built-in exchange feature allows users to swap assets directly within the wallet.
- MetaMask: This browser extension and mobile wallet is popular for accessing Ethereum-based DApps and tokens. It’s ideal for Greek investors involved in the Ethereum ecosystem and DeFi platforms.
Greek users should consider factors like security, supported currencies, ease of use, and compatibility with local exchanges when selecting a wallet. For optimal security, a mix of hot wallets for daily transactions and cold storage for long-term holdings is recommended.
Bottom Line
For Greek investors seeking the best crypto exchanges in Greece, Coinbase and Bybit stand out as top choices. Coinbase offers a user-friendly platform with strong regulatory compliance, ideal for beginners and experienced traders alike. Bybit provides advanced trading features and competitive fees, catering to more active traders. Both exchanges support euro transactions and offer robust security measures, making them excellent options for Greek residents looking to enter or expand their presence in the cryptocurrency market.
