A detailed review outlining what the 5 best crypto exchanges in Italy are. Learn about the top platforms and compare their fees, features, security, customer support options, and more.
Summary of 5 Best Crypto Exchanges in Italy
In Italy, experts advise opting for exchanges regulated by the Commissione Nazionale per le Società e la Borsa (CONSOB) for purchasing and trading Bitcoin and other cryptocurrencies. By utilizing bank transfers, credit/debit cards, or PayPal to deposit Euros, individuals can legally buy, stake, and trade digital assets.
For novices embarking on their crypto ventures in Italy, we’ve assessed the top 5 trading platforms prevalent in the region:
- Kraken – Best Overall Crypto Exchange in Italy
- Binance – Best for Altcoins
- Crypto.com – Top Choice for Rewards
- Coinbase – Easiest to Use for Beginners
- Bitpanda – The Cheapest Exchange
Kraken Overview
Rated as the premier crypto exchange in Italy, Kraken is known for its high security, low fees, and excellent customer support. It supports over 100 cryptocurrencies with fees as low as 0.16%, and tight spreads around 0.0002-0.0005%.
- Supports 100+ coins such as Bitcoin, Ethereum, Cardano, Solana
- Trading fees from 0.16%, tight spreads
- Bank transfers deposits/withdrawals
- Advanced trading features, staking
- 24/7 customer support via chat, email, phone
- 95% assets in cold storage
We like Kraken for its security, low fees, and smooth user experience suited for all levels of traders.
Binance Overview:
Emerging as one of the largest global crypto exchanges, Binance offers over 500 altcoins – the most by any platform in Italy. With Android and iOS apps, users can easily monitor and trade digital assets on-the-go.
- 500+ altcoins – most in the industry
- Competitive 0.1% spot trading fees
- SEPA, credit card deposits
- User-friendly apps, great for trading alts
- 24/7 multilingual support
Ideal for easily accessing a wide variety of emerging altcoins.
Crypto.com Overview:
Crypto.com is a rapidly growing exchange where users can trade over 250 coins with up to 5x leverage, earn generous rewards through staking, and more – making it very attractive for Italian crypto investors.
- 250+ coins, 5x leverage trading
- Competitive 0.4% fee, tight spreads
- Stake coins to earn up to 14% rewards
- Crypto debit cards with up to 8% cashback
- 24/7 customer service
We like Crypto.com for its extensive rewards programs and leveraged trading.
Coinbase Overview
As one of the largest, longest-running exchanges globally, Coinbase makes buying, selling, and managing crypto straightforward for beginners with its simple interface.
- 80+ coins – BTC, ETH, stablecoins
- Higher 1.5%+ fees
- Bank transfers, debit/credit card deposits
- Easy to use apps, great for beginners
- Phone support, extensive guides
The easy-to-use platform offers a trusted entry point for first-time crypto traders.
Bitpanda Overview:
As an Austrian-based exchange, Bitpanda provides a streamlined experience for Euro transactions and supports a growing list of 30+ cryptocurrencies.
- 30+ coins – BTC, ETH, ADA, XRP, more
- 1.49% trading fees
- SEPA Euro transactions
- Beginner-friendly
- 24/7 chat & email support
Bitpanda stands out with its focus on Euro transactions and clean, simple interface.
How to Purchase Cryptocurrencies in Italy:
For beginners aiming to invest in digital currencies within Italy, adhere to this detailed, step-by-step guide for lawful and secure transactions:
- Select a reliable exchange: Choose a CONSOB-approved platform, like Kraken or Binance.
- Registration: Provide your email and personal info to register an account.
- Deposit Euros: Fund your account via bank transfer, debit/credit card, PayPal.
- Buy Crypto: Choose your preferred coin and amount to purchase.
- Withdraw to Wallet: For security, withdraw to a hardware or software wallet.
Legality and Regulation of Crypto Investing in Italy
In Italy, cryptocurrency is fully legal and investors can freely participate without breaking any laws. The government, however, does not recognize crypto as legal tender currently. All crypto exchanges and related financial institutions must register with CONSOB to operate within Italy.
Crypto profits are subject to a 26% capital gains tax if held over one year, aligning with existing Italian tax law. Exchanges may also be required to report user transaction details to comply with Anti-Money laundering regulations.
Conclusion:
When searching for the top cryptocurrency exchange in Italy, prioritize security, fees, and ease of use while reviewing all available options. Platforms like Kraken and Binance enable easy access to digital assets with low costs. Be sure to use regulated, domestic exchanges to remain compliant when buying and trading cryptocurrencies. Adhering to security best practices is also critical for protecting investments.
FAQs
How to buy crypto in Italy?
The easiest way is to use a CONSOB-regulated exchange like Kraken, fund via bank transfer or card, and purchase coins. Withdraw them to a secure wallet after.
Can I buy USDT in Italy?
Yes, you can purchase the stablecoin USDT on most major exchanges in Italy like Kraken and Binance using Euros.
Which crypto exchange is best in euro?
For euro transactions, Bitpanda provides a streamlined experience while Kraken offers the lowest overall fees.
