Summary
Cryptocurrency is legal in Italy, with supportive regulations for digital assets. Popular payment methods include bank transfers and credit cards. The euro (EUR) is widely supported on crypto platforms. Key regulatory bodies include the Bank of Italy and CONSOB. Italy follows EU regulations, including MiCA, for crypto oversight. Our recommended best crypto exchanges in Italy are:
Best Crypto Exchanges in Italy
This article examines the top cryptocurrency exchanges available to Italian users. We’ll explore platforms that support EUR transactions and offer convenient payment methods tailored to the Italian market. The focus is on exchanges that provide a balance of security, diverse asset selection, and compliance with local regulations.
For Italian users, platforms supporting SEPA transfers and popular local payment methods are particularly advantageous. We’ve evaluated exchanges based on their EUR support, trading fees, and adherence to Italian and EU regulatory standards.
1. 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.
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. 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.
4. 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.
5. Uphold
Users:
3m
Free Demo:
Mobile App:
Bonus:
None
Cryptos:
200+
Leverage:
Not Supported
Spot Fees:
1.4%
Futures Fees:
Not Supported
Pros
- Beginner-friendly exchange
- Fully regulated and licensed in the US
- Great customer support
- Comprehensive fiat deposit methods
- Passive income products
Cons
- Lacks advanced features
- Very high spot trading fees
- Poor liquidity
- No futures trading offered
Uphold Overview
Uphold is a versatile crypto trading platform that allows users to trade a wide range of assets, including cryptocurrencies, precious metals, fiat currencies, and U.S. equities. The platform provides access to over 250 digital currencies and allows users to trade in fiat currencies and precious metals.
What makes Uphold special is its Cross-Asset Trading feature. Users can trade directly between different asset classes (e.g., BTC to gold) without first converting to a fiat currency.
Trading fees vary depending on the type of asset that you are trading. However, Upholding fees are very high compared to industry standards.
Users have access to crypto staking, generating yields of up to 13% of your initial asset deposit.
Additionally, Uphold offers a trading interface appealing to beginners who want to buy and hold crypto assets. It doesn’t provide advanced trading tools and isn’t suitable for day trading, making it less ideal for experienced traders.
Is Crypto Legal and Regulated in Italy?
Cryptocurrency is legal in Italy, operating within a framework of evolving regulations. The country follows European Union directives on digital assets, including the Markets in Crypto-Assets (MiCA) regulation. The primary regulatory bodies overseeing crypto activities in Italy are the Bank of Italy and the Commissione Nazionale per le Società e la Borsa (CONSOB).
In 2017, Italy implemented the EU’s Fifth Anti-Money Laundering Directive (AMLD5), requiring crypto service providers to register with the Organismo Agenti e Mediatori (OAM). This registration mandate aims to enhance transparency and prevent illicit activities in the crypto sector.
The Decreto Crescita of 2019 further clarified the legal status of cryptocurrencies, defining them as digital representations of value. This legislation also established reporting requirements for crypto holdings and transactions, aligning Italy’s crypto regulations with broader EU financial oversight mechanisms.
Is Crypto taxable in Italy?
Cryptocurrency is subject to taxation in Italy, with specific guidelines set by the Agenzia delle Entrate (Italian Revenue Agency). The tax treatment of crypto assets depends on various factors, including the nature of the transactions and the amount involved.
For individual investors, capital gains from cryptocurrency transactions are taxed at a rate of 26% if the average balance of crypto wallets exceeds €51,645.69 for at least seven consecutive days in a tax year. Below this threshold, crypto gains are tax-exempt. However, frequent trading activities may be classified as business income, subject to progressive income tax rates ranging from 23% to 43%.
Businesses dealing with cryptocurrencies must report their crypto holdings and transactions as part of their regular financial statements. The value of cryptocurrencies is determined based on the market rate at the end of each tax period.
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 Italy.
How to Buy Crypto in Italy
Purchasing cryptocurrency in Italy has become increasingly accessible, with numerous platforms catering to Italian investors. For a seamless experience, we recommend using Bitget, our top-rated exchange for Italian users. Bitget offers a user-friendly interface, competitive fees, and support for EUR transactions, making it an excellent choice for buying Bitcoin and other digital assets.
Here’s a step-by-step guide to buying cryptocurrencies in Italy:
- Select a Crypto Exchange: Opt for a trusted platform that supports EUR deposits and adheres to Italian regulations. Check the exchange’s payment options and KYC procedures to ensure compliance.
- Sign Up and Verify Identity: Register an account on the chosen platform. Complete the identity verification process by submitting required documents, following Italian anti-money laundering laws.
- Deposit Funds: Fund your exchange account with EUR. Common methods for Italian users include SEPA bank transfers, credit or debit cards, and online banking services like MyBank.
- Select Crypto to Buy: Choose the cryptocurrency you want to invest in, such as Bitcoin (BTC), Ethereum (ETH), or stablecoins like Tether (USDT).
- Execute Trade: Place an order to purchase your selected cryptocurrency. You can opt for a market order (immediate purchase at the current price) or a limit order (buy at your specified price).
- Store Funds Securely: After completing the purchase, transfer your crypto to a personal wallet for added security. Consider using hardware wallets, software wallets, or the exchange’s built-in wallet.
Stay up-to-date with market trends and regulatory changes, and always invest within your financial capacity.
Best Crypto Wallets in Italy
Selecting a secure wallet is crucial for Italian crypto investors. Here are some top options:
Hardware Wallets:
- Ledger: Offers high-security models like Nano X and Nano S Plus, supporting a wide range of cryptocurrencies.
- Trezor: Known for its user-friendly interface and robust security features, popular models include Trezor One and Trezor Model T.
Software Wallets:
- Trust Wallet: A versatile mobile wallet supporting numerous cryptocurrencies and DeFi applications.
- Exodus: Offers a desktop and mobile version with an intuitive interface and built-in exchange features.
- MetaMask: Essential for interacting with Ethereum-based DApps and tokens, available as a browser extension and mobile app.
When choosing a wallet, consider factors such as security features, supported cryptocurrencies, and ease of use. Hardware wallets provide optimal security for long-term storage, while software wallets offer convenience for frequent transactions. Ensure your chosen wallet complies with Italian regulations and supports EUR transactions if needed.
Bottom Line
For Italian crypto enthusiasts seeking the best crypto exchanges in Italy, we recommend Bitget and MEXC as top choices. These platforms offer robust security, competitive fees, and excellent EUR support. Bitget stands out for its user-friendly interface and extensive crypto selection, while MEXC impresses with its vast array of trading pairs and advanced features. Both exchanges comply with Italian regulations, ensuring a safe and compliant trading experience for users in Italy.
