Summary
Cryptocurrency is legal in Serbia, though regulations are evolving. The National Bank of Serbia (NBS) oversees financial matters but doesn’t recognize crypto as legal tender. Popular payment methods include bank transfers and credit cards. The Serbian Dinar (RSD) isn’t widely supported on international crypto exchanges, so traders often use EUR or USD. Here are the best crypto exchanges in Serbia:
Best Crypto Exchanges in Serbia
Serbian crypto enthusiasts need reliable platforms for digital asset trading. This article examines the top crypto exchanges available in the country, considering factors such as supported cryptocurrencies, fees, and payment methods. While the Serbian Dinar (RSD) isn’t widely supported on international exchanges, most platforms accept EUR and USD deposits through bank transfers and credit cards.
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. 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. 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. 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.
Is Crypto Legal and Regulated in Serbia?
Cryptocurrency is legal in Serbia, but the regulatory landscape is still evolving. The National Bank of Serbia (NBS) is the primary financial regulator in the country. While there are no specific laws governing cryptocurrencies, the NBS has issued statements regarding digital assets.
In 2021, Serbia introduced the Law on Digital Assets, which provides a regulatory framework for cryptocurrencies and digital tokens. This law defines digital assets, outlines licensing requirements for crypto service providers, and establishes guidelines for issuing and trading digital assets.
The Securities Commission of the Republic of Serbia is responsible for overseeing the implementation of the Law on Digital Assets. Crypto businesses operating in Serbia must register with the Commission and comply with anti-money laundering (AML) and know-your-customer (KYC) regulations.
It’s important to note that while cryptocurrencies are legal, they are not considered legal tender in Serbia. The NBS has warned about the risks associated with digital currencies and emphasized that they are not regulated or guaranteed by the central bank.
Is Crypto Taxable in Serbia?
Cryptocurrency taxation in Serbia is governed by the Law on Digital Assets and general tax regulations. The Serbian Tax Administration (Poreska uprava) oversees the implementation of tax laws related to digital assets.
According to the Law on Digital Assets, income from trading cryptocurrencies is subject to capital gains tax. The tax rate for capital gains in Serbia is 15%. This applies to profits made from selling cryptocurrencies or exchanging them for fiat currency.
For individuals, the first 100,000 RSD (approximately 850 EUR) of annual capital gains is tax-exempt. Any gains above this threshold are taxed at the 15% rate. Losses from cryptocurrency trading can be carried forward for up to five years to offset future gains.
Companies involved in cryptocurrency activities must pay corporate income tax on their profits at the standard rate of 15%. Additionally, they may be subject to value-added tax (VAT) for certain crypto-related services.
It’s worth noting that the Serbian Tax Administration has not issued detailed guidance on all aspects of cryptocurrency taxation. As the crypto market evolves, tax authorities may introduce more specific regulations in the future.
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 Serbia.
How to Buy Crypto in Serbia
Acquiring cryptocurrencies in Serbia is a straightforward process, although options may be limited compared to larger markets. For Serbian residents, we recommend using Bitget due to its wide range of supported cryptocurrencies and payment methods.
Whether you’re interested in purchasing Bitcoin, Ethereum, or other digital assets, follow these steps to begin your crypto journey:
- Choose a Reliable Exchange: Start by selecting a reputable crypto exchange that caters to Serbian users. Evaluate important factors like accepted payment methods, supported cryptocurrencies, and KYC policies. Make sure the platform adheres to Serbian regulations.
- Create an Account and Verify Your Identity: Register on your chosen exchange and complete the KYC verification process. You’ll typically need to submit a government-issued ID and proof of residence. This step is essential to comply with Serbian laws.
- Fund Your Account: Deposit funds using the available payment methods. Serbian users commonly use bank transfers (SEPA for EUR) and credit or debit cards. While some exchanges may support P2P trading in RSD, this option is less prevalent.
- Choose Your Cryptocurrency: Select the digital currency you wish to purchase. Bitcoin (BTC), Ethereum (ETH), and stablecoins such as Tether (USDT) or USD Coin (USDC) are popular choices. Check for trading pairs available in Serbian Dinar, EUR, or USD.
- Place Your Order: Execute your trade by placing either a market or limit order for your selected cryptocurrency. Before finalizing the purchase, carefully review the transaction details, including applicable fees, and be mindful of the exchange rate if converting from RSD.
- Secure Your Assets: After the purchase, transfer your cryptocurrencies to a secure wallet. For long-term storage, consider using a hardware wallet for enhanced security. Familiarize yourself with Serbian regulations regarding cryptocurrency storage and reporting obligations.
By following these guidelines, residents of Serbia can confidently enter the cryptocurrency market and build their digital asset portfolios while ensuring compliance with local regulations.
Best Crypto Wallets in Serbia
For Serbian crypto enthusiasts, safeguarding your digital assets is essential, and selecting the right wallet is a critical part of that process. Here are some of the best wallet options available in Serbia:
Hardware Wallets: Ideal for long-term asset storage due to their robust security.
- Ledger: Known for its high security, Ledger offers devices like the Nano X and Nano S Plus, making them ideal for long-term storage. These wallets support a wide array of cryptocurrencies and seamlessly integrate with various desktop and mobile apps.
- Trezor: Trezor wallets, including the Model T and Model One, are designed for strong security and user-friendly operation. They feature open-source firmware and benefit from robust community support.
Software Wallets: Convenient for regular transactions and easy access.
- Trust Wallet: A popular mobile wallet among Serbian users, Trust Wallet supports multiple blockchains and provides easy access to decentralized applications (DApps). Its user-friendly interface and built-in DApp browser make it a go-to choice.
- Exodus: Available on both desktop and mobile platforms, Exodus features an intuitive design and supports a wide range of cryptocurrencies. Its integrated exchange functionality is particularly beneficial for users looking to trade assets.
Browser Extensions: Best for accessing decentralized applications and DeFi platforms.
- MetaMask: Widely recognized for managing Ethereum and ERC-20 tokens, MetaMask is essential for engaging with decentralized finance (DeFi) platforms. In Serbia, it is commonly used to access Ethereum-based services and DApps.
When choosing a wallet, Serbian users should weigh factors such as security features, cryptocurrency support, and overall ease of use. Hardware wallets provide the highest level of security for long-term storage, while software wallets offer convenience for everyday transactions. Browser extensions like MetaMask are vital for navigating the expanding DeFi landscape.
Regardless of the type of wallet selected, it’s important to adhere to best security practices. Use strong passwords, enable two-factor authentication, and store recovery phrases in a secure offline location. Additionally, Serbian users should remain informed about any reporting obligations concerning their cryptocurrency holdings as per local regulations.
Bottom Line
For Serbian crypto enthusiasts, selecting the right exchange is crucial. Among the best crypto exchanges in Serbia, Bitget stands out for its extensive coin selection and competitive fees. Bybit follows as a close second, offering a robust trading platform suitable for both beginners and experienced traders. Both exchanges provide strong security measures and support various payment methods, catering to the needs of Serbian users navigating the evolving crypto landscape.
