Investing in cryptocurrencies has become increasingly popular in Cyprus. To help you get started, we’ve analyzed the best crypto exchanges in Cyprus. Learn about the top platforms and compare their fees, features, security, customer support options, and more.
Summary of the 5 Best Crypto Exchanges in Cyprus
In Cyprus, experts recommend using exchanges regulated by the Cyprus Securities and Exchange Commission (CySEC) for buying and trading Bitcoin and other cryptocurrencies. By using bank transfers, credit cards, or debit cards to deposit Euros (EUR), you can legally buy, stake, and trade digital assets.
For beginners starting their crypto journey in Cyprus, we’ve evaluated the top 5 trading platforms in the region:
- eToro – Best Overall Crypto Exchange in Cyprus
- Bybit – Best for Cryptocurrency Derivatives
- Uphold – Ideal for Newbies [Easiest to Use]
- OKX – Top Choice for Crypto Staking in Cyprus
- Kraken – Best for Institutional Investors in Cyprus
Comparing the Top Crypto Exchanges in Cyprus
| Exchange | # of Cryptos | Trading Fees | Deposit Methods | Key Features |
| eToro | 4500+ (Crypto, Stocks, ETFs) | 0% Fees, 1% avg spread | Bank transfer, debit/credit card, etc | Multi-asset, highly regulated |
| Bybit | 1000+ | 0.01% maker, 0.06% taker | Bank transfer, debit/credit card, etc | Derivatives, staking, lending |
| Uphold | 250+ | 1% fee, 1% spread | Debit/credit card, Google Pay | Beginner-friendly, gold & silver |
| OKX | 300+ | 0.1% fee, 0.1% spread | Bank transfer, debit/credit card, etc | Options, futures, DeFi, OKX Wallet |
| Kraken | 200+ | 0.016% maker, 0.26% taker | SEPA, debit/credit card | Spot, futures, staking, high volume |
eToro
As the premier crypto exchange in Cyprus, eToro offers an extensive selection of over 4,500 financial instruments, an intuitive user interface, and adherence to stringent CySEC and European regulatory standards. The platform enables Cypriot investors to diversify across cryptocurrencies, stocks, ETFs, and more.
Best eToro Features
- Over 4,500 assets including top cryptos like Bitcoin, Ethereum, Solana
- Competitive fees – 0% commission and avg 1% spread
- Accepts EUR deposits via bank transfer, debit/credit card, SEPA, and more
- Regulated by top-tier authorities like CySEC and FCA
- User-friendly web and mobile interface ideal for beginners
Why we like it: eToro combines an unmatched variety of investment options with robust regulation, low fees, and beginner-friendly features, making it our top pick for Cypriot crypto investors. The global brand offers a one-stop shop to access and diversify across digital assets.
Key Metrics
- 4,500+ tradable assets
- 0% commission and 1% average spreads
- $10 minimum deposit
- 18 supported fiat currencies
- 140+ countries supported
- CySEC, FCA and ASIC regulated
- 2007 founded
- 5 free withdrawals per month
- 30+ million registered users
- 0.5% currency conversion fee
Bybit
Bybit caters to Cypriot traders seeking futures and options in addition to a vast spot market of over 1000 cryptos. The platform delivers competitive fees, deep liquidity, and a growing ecosystem of advanced trading products.
Best Bybit Features
- 1000+ spot and derivatives markets
- Margin and leverage up to 100x
- 0.01% maker and 0.06% taker fees
- Accepts EUR via SEPA, bank transfer, debit/credit card, etc.
- Advanced charting and order types
- Expansive staking, lending, NFT marketplace
Why we like it: Bybit serves as an excellent choice for experienced Cypriot traders pursuing derivatives, with industry-leading liquidity, reliability during volatility, and a rapidly expanding feature set. The exchange upholds robust security standards and accepts EUR deposits.
Key Metrics
- 1000+ markets
- Up to 100x leverage
- 99.99% functional uptime
- Maker/taker fees of 0.01%/0.06%
- 10+ EUR deposit options
- 24/7 live chat support
- $5 BTC bonus for new users
- 2018 founded
- 5-10 million registered users
- Avg 24h volume over $10 billion
Uphold
Catering to novice investors in Cyprus, Uphold delivers a user-friendly web and mobile interface for trading over 250 crypto, fiat, and precious metal assets. The platform simplifies purchasing digital currencies while adhering to Cypriot financial regulations.
Best Uphold Features
- 250+ cryptocurrencies, 4 metals, 27 fiats
- User-friendly for first-time investors
- Buy crypto with EUR bank transfer, debit/credit card, Google Pay
- Earn 4-12% APY staking crypto
- Insured wallets with proof-of-reserves
- 0% deposit and withdrawal fees
Why we like it: Uphold excels as a reliable on-ramp for new Cypriot crypto investors, with a clean interface for buying assets using popular EUR payment methods. We appreciate the transparency of reserved backing user funds and commitment to security best practices.
Key Metrics
- 400+ assets across crypto, metals, stocks
- 1% trading fee, 1% spreads
- 4-12% APY on staking
- $1 minimum funding amount
- $25 referral bonus for new users
- Available in 184+ countries
- $12 billion transacted since 2015
- 0% deposit, withdrawal, custody fees
- No account minimums
- Audited real-time proof-of-reserves
OKX
A top pick for institutional investors in Cyprus, OKX offers advanced trading products, deep liquidity, and customized services backed by industry-leading security. The exchange combines spot, futures, options, web3 dApps, and its native OKX Wallet.
Best OKX Features
- 300+ market pairs, 600+ derivatives
- Up to 125x leverage on futures
- Near-0 spreads and high liquidity
- Buy crypto via card, bank transfer, Apple Pay, more
- Options, perpetuals, DeFi, NFT marketplace
- API access and OTC desk for institutions
- Audited staking service with 1500%+ APY
Why we like it: OKX provides deep liquidity, near-instant order execution, and API connectivity sought after by institutions. We view the exchange as a leader in reliability, audited proof-of-reserves, and crypto ecosystem breadth with its own blockchain, wallet, and web3 dApp integrations.
Key Metrics
- 300+ spot trading pairs
- 600+ derivatives contracts
- 0.1% trading fees and low spreads
- Up to 125x futures leverage
- $100 welcome bonus
- 24/7 support and OTC desk
- 300+ R&D team members
- Publishes Merkle tree proof-of-reserves
- Hosts 1500%+ APY crypto staking
- Launched OKX blockchain
Kraken
Established as a leading exchange for institutional investors, Kraken brings high reliability, deep liquidity, advanced interfaces, and dedicated account management to Cypriot crypto funds and family offices.
Best Kraken Features
- 200+ cryptocurrencies
- Low 0.016% maker and 0.26% taker fees
- Deep liquidity supporting large orders
- Accepts SEPA, debit/credit card deposits
- Spot and futures trading, up to 5x leverage
- Kraken Pro and OTC services for institutions
- Up to 25% annual staking rewards
Why we like it: Kraken has proven itself as one of the most trusted exchanges over the past decade, with an excellent track record of reliability, security, and regulatory compliance. Institutions value the platform’s robust infrastructure, 24/7 live support, and customized services.
Key Metrics
- 200+ cryptocurrencies
- 0.016% maker / 0.26% taker fees
- 6 fiat deposit currencies
- 190+ traded country markets
- $25 USD minimum order size
- API access, websocket, FIX connectivity
- Up to 25% APY staking rewards
- 9+ million clients globally
- Founded 2011
- Quarterly spot volumes over $50 billion
If you found this guide on the best crypto exchanges in Cyprus informative, we encourage you to explore our other comprehensive reviews of top cryptocurrency platforms in various regions:
- Best Crypto Exchanges in South Africa
- Best Crypto Exchanges in Luxembourg
- Best Crypto Exchanges in Spain
How to Purchase Cryptocurrencies in Cyprus
For beginners aiming to invest in digital currencies within Cyprus, adhere to this detailed, step-by-step guide for lawful and secure transactions:
- Select a reliable exchange: Choose a platform that is approved by Cyprus’s regulatory authorities, as highlighted in our guide. We recommend eToro as the best overall crypto exchange for Cypriot investors.
- Registration: Use your email for registration, establish a strong password, and complete any necessary KYC (Know Your Customer) procedures.
- Deposit EUR: Fund your account using domestic bank transfers, credit/debit cards, SEPA, or digital wallets like Google Pay.
- Buy Crypto: Select the desired cryptocurrency and quantity, then confirm the purchase.
- Secure Your Assets: Transfer your digital currencies to a secure crypto wallet to enhance security.
Legality and Regulation of Crypto Investing in Cyprus
Cryptocurrency oversight in Cyprus began with updates to Anti-Money Laundering (AML) laws that defined crypto-assets and businesses dealing with them. Exchanges and service providers must register with the Cyprus Securities and Exchange Commission (CySEC) for compliance.
While this regulatory approach aims to foster innovation, crypto investing still carries substantial risks due to price volatility, irreversible transactions, and potential for misuse. The EU’s upcoming MiCA regulation, set to be adopted in Cyprus by 2024, will harmonize rules across the region to boost consumer safeguards.
Is Crypto legal in Cyprus?
Yes, investing and trading cryptocurrencies is legal in Cyprus, provided transactions occur on CySEC-compliant exchanges. Crypto businesses must register with the regulator and adhere to AML and counter-terrorist financing rules.
How is Crypto taxed in Cyprus?
Funds raised from ICOs are taxed at the corporate rate of 12.5%. Exchanging crypto for fiat is exempt from VAT per EU court rulings. However, individuals’ crypto gains are taxed as income, added to their salary, and subject to progressive rates from 20-35%. Classification as ongoing trading or one-off capital transactions determines if gains are taxable.
Conclusion
Embarking on your crypto investing journey in Cyprus starts with choosing a secure, regulated exchange that aligns with your needs and experience level. Our guide has highlighted the strengths of leading platforms like eToro for its diverse offerings and beginner-friendly interface, as well as Kraken for its institutional-grade services. By understanding the legal landscape and tax implications, you can confidently buy, trade, and store digital assets while benefiting from Cyprus’s innovation-friendly environment. Remember to prioritize exchanges that adhere to CySEC standards, employ strict security measures, and provide prompt customer support to protect your cryptocurrency investments.
FAQs
Are cryptocurrency exchanges in Cyprus safe?
The safety of a cryptocurrency exchange depends on its adherence to regulatory standards, security measures, and track record. Exchanges like eToro and Kraken, which are regulated by CySEC and employ robust security practices, are generally considered safe for Cypriot investors.
Can I buy Bitcoin with EUR in Cyprus?
Yes, many cryptocurrency exchanges in Cyprus, such as eToro, Bybit, and Uphold, allow you to buy Bitcoin and other cryptocurrencies using EUR via bank transfers, credit/debit cards, and SEPA.
What is the best crypto exchange for beginners in Cyprus?
eToro and Uphold are excellent choices for beginners in Cyprus, offering user-friendly interfaces, a wide range of assets, and multiple EUR deposit options. These platforms provide a straightforward way to start investing in cryptocurrencies.
Do I need to verify my identity to use a crypto exchange in Cyprus?
Most reputable cryptocurrency exchanges in Cyprus require users to complete a Know Your Customer (KYC) process, which involves submitting proof of identity and address. This is a regulatory requirement to prevent money laundering and ensure compliance with CySEC standards.
