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Cryptocurrency Exchanges Europe

In this blog post, we will share the top cryptocurrency exchanges in Europe. We have researched and compiled a list of cryptocurrency exchanges that are available to European citizens, so you can trade your favorite cryptocurrencies with ease!

Europe is a continent that has been experiencing rapid growth in cryptocurrency adoption. There are many regions within Europe where cryptocurrency trading and usage have seen exponential increases in recent years.

As such, it may be difficult to decide which cryptocurrency exchange you should use when buying or selling cryptocurrencies.

This blog post will help guide you through the process of selecting your ideal cryptocurrency exchange based on geographical location and other factors!

Here is a list of the best cryptocurrency exchanges in Europe. Note, some of these exchanges might not be located in the UK, but they work best for UK crypto-traders and investors.

eToro

Country: United Kingdom

eToro was founded in 2007 and has its headquarter based in the UK.  Boasting more than 17 million users in over 100 countries, eToro offers a flexible crypto trading exchange with 15 cryptocurrencies to trade from. 

The most popular featured you can find inside the eToro back office is the copy trader feature, simulating and executing the same trades of the top money maker traders. 

Fee: Maker and Taker fees start at 0.75%, respectively. There are no deposit fees in US currency. $5 fee for non-USD deposits. $5 fee for all withdrawals.  

Features

  • Instant buying and selling of stocks, currencies, indexes, and cryptos
  • Offers affiliate program to traders and investors
  • A mobile app that allows traders and influencers to trade on the go (the mobile app is available for both iOS and Android users)
  • Offers stop loss and take profit to minimize risk
  • Social/copy trading

Pros

  • Commission free trading
  • Plenty of fiat deposit options
  • Practice/demo accounts
  • Copy trades of the top traders

Cons

  • Higher withdrawal fees compared
  • Higher minimum deposit

Supported payment methods: Online banking, Wire transfer

Kraken

Country: United States

Kraken is another exchange that works best for UK crypto-traders. The platform is popular among traders because of its excellent customer support, high security level, affordable transaction fees, and fiat gateways.

Fee: 0.26% on every transaction

Features

  • 5x margin trading
  • OTC exchange for large volume trading
  • 50x leverage with futures trading
  • Excellent customer support

Pros

  • Mobile app available on both iOS and Android
  • Great customer service 
  • Affordable transaction fees 
  • Supports a variety of fiat cryptocurrencies
  • The exchange is highly secured

Cons

  • Take quite some time for deposits to reflect on your account (usually between 1-5 business days)
  • Credit/Debit not supported by the exchange platform

Supported payment methods: FPS, BACS, CHAPS

CEX.io

Country: Great Britain

CEX.io was launched in 2013 and has its headquarter based in the UK. This exchange platform offers traders numerous benefits such as faster payments, GBP deposits, security, among others. Additionally, the site offers its clients world-class investing and trading tools that work best for new and seasoned cryptocurrency investors.

Fee: Maker and Taker fees are charged at 0.16% and 0.25%, respectively. Card deposits at 2.99 and withdrawals at 3%. MasterCard deposits at .8%

Features

  • Instant buying and selling of crypto
  • Offers affiliate program to traders and investors
  • A mobile app that allows traders and influencers to trade on the go (the mobile app is available for both iOS and Android users)
  • Offers both spot and margin trading
  • Offers crypto collateral loans

Pros

  • User-friendly interface for first-time traders
  • Plenty of fiat deposit options
  • The exchange boasts having sufficient liquidity across its trading pairs
  • Investors and traders can sign up using their social media accounts

Cons

  • Poor customer service
  • Transaction can be high

Supported payment methods: Skrill, Faster payments, SWIFT, SEPA, Debit/Credit cards

Local Bitcoins

Country: Finland

Local Bitcoins is one of the largest P2P crypto exchanges available in the UK. It gives traders the best chance to trade, and physically connect in case they are in the same area. The platform offers better rates to investors, top-notch security, and affordable transaction fees.

Fee: 1% transaction fee is imposed on every successful transaction.

Pros

  • Trading with real people
  • A reliable platform for P2P trading
  • Affordable transaction fees
  • Numerous payments options for buyers and sellers
  • Offers the best customer service

Cons

  • Individual trading has high risks
  • Only supports one cryptocurrency, Bitcoin

Supported payment options: World Remit, Local Bank Transfer, Skrill, PayPal, and Debit/Credit cards.

BitPanda

Country: Austria

This exchange platform was launched in 2014 and mainly operates in the European markets, including the UK. BitPanda offers numerous services making it easier for investors and traders to access the crypto market with fewer struggles.

Fees: The maker and Taker fees are 0.1% and 0.15%, respectively. 1.49% is charged during the buying and selling of crypto

Features

  • Numerous deposit options
  • It has a mobile app on both iOS and Android
  • New investors and traders are provided with educational resources

Pros

  • Boasts having experienced customer care
  • Investors and traders can invest in precious metals such as Gold and Silver
  • A reliable, fast, and user-friendly interface for new traders
  • Offers top-notch security to its customers

Cons

  • No live chat

Supported payment options: Debit/Credit card, Bank transfer, Sofort, Netteller, and Skrill.

Coinmama

Country: Slovakia

Coinmama was launched in 2013. The exchange site has a large client base of over two million traders globally. Moreover, Coinmama is available in more than 188 countries, including the United Kingdom.

Fees: 5% is imposed on card purchases while 2.9% for selling crypto

Features

  • Offers affiliate program to traders
  • Support a variety of cryptocurrencies
  • User-friendly interface
  • High spending limits

Pros

  • The verification process is quick and easy
  • Excellent customer service and live chat option
  • Zero fees associated with bank transfers
  • Allows traders to have full control of their crypto
  • Level 3 traders can purchase $100,000 at one go

Cons 

  • High commission compared to their competitors
  • Traders must have an external wallet before purchasing crypto on Coinmama

Binance

Country: United States

It is one of the largest exchanges in the digital currency market. Binance site is popular among traders because of its affordable fee. The exchange is available in almost all countries, including the UK.  

Features

  • P2P trading platform
  • Prompt buying and selling of crypto
  • Provides educational resources for first-time traders via Binance Academy.
  • An OTC desk for large and institutional traders

Fee: Both Taker and maker is 0.1% on every successful transaction. Zero deposit and withdrawal fee on GBP and EUR transactions.

Pros

  • Supports over 200 cryptocurrencies and regularly updates their services and products to introduce those that are in demand.
  • Experienced traders enjoy up to 125X leverage position
  • Traders and investors enjoy a huge discount when they trader using Binance coin
  • The exchange offers high liquidity across all its trading pairs
  • Excellent customer service

Cons

  • Not many fiat deposit options
  • The exchange is not properly regulated
  • Logs confidentiality, e.g. IP address

Supported payment options: Credit/Debit cards, Bank transfers, Faster Payments, Third-party gateways such as Simplex 

Coinbase

Country: United States

Coinbase is another large crypto trading site by volume. Even though it is based in the US, Coinbase is popular among crypto traders and investors worldwide. At the time of writing this, the site serves more than 30 million traders globally.

The exchange is quick and has a solid security system. It supports cryptocurrencies such as Bitcoin, Ethereum, Litecoin, among other 15 cryptocurrencies.

Fees: 4% on every successful transaction

Pros

  • User-friendly interface
  • Fast transactions
  • The exchange is highly secured and well regulated
  • Low deposit fee
  • Plenty of fiat deposit options

Cons

  • Not many altcoins options
  • High transactions costs of up to 4%

Supported payment options: SEPA, Faster payments, Debit/Credit cards

CoinJar UK

Country: UK

CoinJar exchange is only serving in the UK and European markets. This is an ideal platform for new and seasoned traders as well as institutional investors.

Features

Convert cryptocurrencies
Mobile app available to allow investors trader on the go
OTC trading desk s
Cryptocurrencies debit card

Fees: 1% flat on every transaction

Pros

  • Reliable and trusted exchange platform. No hacking history has been reported since its inception.
  • Affordable transaction fees
  • They are transparent compared to their competitors
  • Excellent customer service
  • The platform is easy to navigate
  • It rarely suffers downtime, making it one of the most stable exchange platform

Cons

  • It supports few cryptocurrencies
  • Does not support card purchases

Supported payment options: Faster payments and Bank transfer

Bottom line

We have reviewed 8 of the best cryptocurrency exchange platforms in Europe. Some features we covered are pricing, features, pros and cons, and methods for payment these exchanges accept. We hope this information will help you determine which service suits your needs before selecting one.