Summary
Cryptocurrency is legal in Liechtenstein, with the country adopting progressive regulations to foster blockchain innovation. The Financial Market Authority (FMA) oversees crypto activities. The Liechtenstein Blockchain Act provides a comprehensive regulatory framework. Popular payment methods include bank transfers and credit cards. While the Swiss Franc (CHF) is widely used, some exchanges support the Euro (EUR). Key regulatory bodies include the FMA and the Financial Intelligence Unit (FIU). Here is the list of best crypto exchanges in Liechtenstein:
Best Crypto Exchanges in Liechtenstein
This article examines the top cryptocurrency exchanges available to Liechtenstein residents. We’ll explore platforms that support local currency transactions, primarily focusing on those accepting Swiss Francs (CHF) and Euros (EUR). For Liechtenstein users, bank transfers and credit card payments are the most prevalent methods for funding accounts.
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. 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.
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. Kraken
Users:
10m
Free Demo:
Mobile App:
Bonus:
None
Cryptos:
220+
Leverage:
100x
Spot Fees:
0.25%/0.4%
Futures Fees:
0.02%/0.05%
Pros
- Very beginner-friendly
- Low futures trading fees
- Free demo trading
- Fiat supported
- 24/7 customer support
- Fully regulated
Cons
- High spot trading fees
- Lacks advanced features
- Poor liquidity for futures trading
- Complicated Demo trading
Kraken Overview
Kraken stands out as one of the most beginner-friendly crypto exchanges. With an easy to understand UI, simple features, and a straightforward approach, Kraken has onboarded over 10 million users to its platform from all around the world.
Spot traders can access over 220 cryptocurrencies for buying and selling. For traders seeking more buying power, Kraken offers a leverage trading platform with up to 50x leverage on selected assets such as BTC.
In terms of fees, Kraken has a different approach for spot and futures trading. While spot trading fees are relatively high (0.25% maker and 0.4% taker), the futures fees are very low (0.02% maker and 0.05% taker). Based on your 30-day trading volume, you can obtain additional fee discounts.
What we love about Kraken is its comprehensive fiat support. You can deposit funds using your credit card or bank transfer. Once you are done trading, you can withdraw fiat currencies such as EUR or USD back to your personal bank account to lock in your profits.
5. Bitunix
Users:
2m
Free Demo:
Mobile App:
Bonus:
$10
Cryptos:
200+
Leverage:
Not Supported
Spot Fees:
0.15%/0.25%
Futures Fees:
Not Supported
Pros
- 350+ assets
- Deep liquidity & Low Fees
- Up to 100x leverage
- No KYC required
- Advanced order types
Cons
- No staking products
- Relatively new platform
- No Demo trading offered
Bitunix Overview
Bitunix is an exchange that is recognized worldwide with 1+ million users around the globe. The exchange is also commended for its standard fees. It charges a minimal fee of 0.06% and 0.02% taker and maker for futures trading, and a 0.1% maker/taker fee for spot trading.
What makes Bitunix a great place for traders is its accessibility due to its no KYC policy. Users from all around the world can sign up on the platform without having to verify their identity.
With 300+ cryptocurrencies for users to select from, Bitunix provides a user-friendly platform with a good number of products and services available. The platform is also widely celebrated for its trading interface for both spot and futures traders, with up to 125x leverage on trades. It also offers USDT-margined perpetual futures as the major derivatives trading product.
The exchange offers several payment methods for customers, such as credit/debit cards, Fatpay, Coinify, Apple Pay, and bank transfers. Additionally, there are welcome bonuses available to new users on Butunix up to $5,500 based on trading activity.
Is Crypto Legal and Regulated in Liechtenstein?
Cryptocurrency is legal in Liechtenstein, with the country taking a progressive stance on blockchain technology and digital assets. The principality has implemented comprehensive regulations to foster innovation while ensuring investor protection. The cornerstone of Liechtenstein’s crypto regulation is the Blockchain Act, officially known as the Token and Trusted Technology Service Provider Act (TVTG), which came into effect on January 1, 2020.
The Financial Market Authority (FMA) of Liechtenstein is the primary regulatory body overseeing cryptocurrency activities. The FMA requires crypto service providers to register and obtain licenses, ensuring compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) regulations.
Liechtenstein’s regulatory framework aligns with EU standards, including the implementation of the 5th Anti-Money Laundering Directive (AMLD5). This alignment facilitates cross-border operations within the European Economic Area (EEA) while maintaining rigorous oversight of crypto businesses operating within the principality.
Is Crypto Taxable in Liechtenstein?
Cryptocurrency taxation in Liechtenstein follows specific guidelines set by the Liechtenstein Tax Administration. For individual investors, capital gains from cryptocurrency trading are generally tax-free if considered private asset management. However, professional trading activities may be subject to income tax.
Corporate entities engaging in cryptocurrency operations are subject to corporate income tax, currently set at 12.5%. Mining income is typically treated as business income and taxed accordingly. The tax treatment of staking rewards and other forms of passive crypto income may vary based on individual circumstances.
Liechtenstein does not impose a wealth tax on cryptocurrencies, but they must be declared as assets in annual tax returns. The fair market value of cryptocurrencies at the end of the tax year is used for reporting 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 Liechtenstein.
How to Buy Crypto in Liechtenstein
Purchasing cryptocurrency in Liechtenstein is a straightforward process, thanks to the country’s crypto-friendly regulations and the availability of reputable exchanges. For Liechtenstein residents, we recommend Coinbase as the top choice for buying Bitcoin and other cryptocurrencies due to its user-friendly interface, robust security measures, and support for CHF and EUR transactions.
Here’s a step-by-step guide to buying cryptocurrencies in Liechtenstein:
- Choose a Crypto Exchange: Opt for a platform that accommodates Liechtenstein residents, supports CHF or EUR trading pairs, and offers convenient payment options. Ensure you complete the KYC process for compliance.
- Create an Account and Verify Identity: Sign up on the selected exchange and complete the verification process by submitting the necessary identification documents.
- Deposit Funds: Fund your account using bank transfer (SEPA), credit card, or other available methods. Bank transfers are generally preferred for larger transactions due to lower fees.
- Select the Cryptocurrency: Choose which digital asset to buy. Popular choices include Bitcoin (BTC), Ethereum (ETH), and stablecoins such as Tether (USDT) or USD Coin (USDC).
- Make the Purchase: Place a market or limit order to buy your chosen cryptocurrency at the current price or your preferred target price.
- Secure Your Assets: After your purchase, consider moving your crypto to a secure wallet for long-term safety and storage.
Be mindful of trading fees, as these can differ between exchanges. Some platforms also provide advanced features like limit orders or dollar-cost averaging, which may benefit more seasoned traders.
Best Crypto Wallets in Liechtenstein
Selecting a secure wallet is crucial for protecting your cryptocurrency investments in Liechtenstein. Here are some top wallet options:
- Ledger: A hardware wallet offering top-tier security for cold storage. Ledger devices support a wide range of cryptocurrencies and integrate with various software interfaces.
- Trezor: Another reputable hardware wallet brand, known for its user-friendly interface and strong security features.
- Trust Wallet: A versatile mobile wallet supporting numerous cryptocurrencies and DeFi applications. It’s particularly useful for users who frequently interact with decentralized exchanges.
- Exodus: A desktop and mobile wallet with an intuitive interface, supporting a wide range of assets and offering built-in exchange functionality.
- MetaMask: A browser extension and mobile wallet, primarily used for Ethereum and ERC-20 tokens. It’s essential for interacting with decentralized applications (dApps) on various networks.
When choosing a wallet, consider factors such as security features, supported cryptocurrencies, ease of use, and compatibility with Liechtenstein’s regulatory environment. For large holdings, a combination of hardware wallets for long-term storage and software wallets for day-to-day transactions is often recommended.
Bottom Line
For Liechtenstein residents seeking the best crypto exchanges, Coinbase and Bitget stand out as top choices. Coinbase offers a user-friendly platform with robust security measures and support for CHF/EUR transactions. Bitget provides a wide range of cryptocurrencies and competitive fees. Both exchanges comply with Liechtenstein’s regulatory requirements, ensuring a secure trading environment. Ultimately, the best choice depends on individual trading needs, preferred cryptocurrencies, and desired features.
