Best Crypto Exchanges in Cyprus

Top Crypto Trading Platforms in Cyprus

If you're new to crypto, picking platforms regulated by the Cyprus Securities and Exchange Commission (CySEC) is a smart move. CySEC helps keep things secure and ensures providers follow strict rules to protect users. We tested the available platforms based on Euro deposit methods, features, security and fees. Here is a comparison of the 5 best exchanges in Cyprus.

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‍1. Kraken

Kraken is a global crypto exchange trusted by more than 10 million users worldwide. It supports over 320 cryptocurrencies for spot trading and provides margin trading with up to 5x leverage. For institutional clients, Kraken Pro has an OTC desk, futures trading, and staking on 25 assets.

The exchange has advanced security measures like cold storage, 2FA and proof-of-reserve audits. It has earned the ISO/IEC 27001:2013 certification and completed a SOC 2, Type 1 examination, maintaining the highest international security standards.

It also offers staking services, allowing users to earn rewards on their crypto holdings and an in-built crypto wallet (Kraken Wallet), which enables you to engage with multiple blockchains. The platform supports various EUR funding options, including bank transfers and card payments.

• Fees: Maker fees are 0.16%, and taker fees are 0.26%.
• Supported Assets: Over 320 cryptocurrencies.
• Regulation and Licensing: Kraken operates under Payward Ireland Limited and adheres to Cyprus's financial regulations.‍
• EUR Deposit Methods: Bank transfer, SEPA, SWIFT, PayPal, credit card, and debit card.

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2. Uphold

Uphold is a crypto platform ideal for beginners in Cyprus seeking a user-friendly experience. The platform supports over 280 digital assets, including cryptocurrencies, fiat currencies, and commodities like Gold and Silver, enabling direct trading between different asset classes.

The platform offers features such as staking services, enabling users to earn up to 18% APY in rewards on their crypto holdings, and the Uphold Card, which allows spending of 250 cryptocurrencies directly from the Uphold wallet with zero foreign transaction fees.

Security is a top priority for Uphold, employing industry-leading measures like two-factor authentication (2FA) and regular security audits to protect user funds. It is home to over 10 million registered users in Cyprus and 150 other countries.

• Fees: 1.49% trading fees for digital assets.
• Supported Assets: Over 250 cryptocurrencies, 27 fiat currencies and 4 precious metals.
• Regulation and Licensing: Registered with the Bank of Lithuania and is available in Cyprus.
• EUR Deposit Methods: Bank transfer, SEPA, Google Pay, Apple Pay, credit cards, and debit cards.

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3. OKX

OKX is known for its comprehensive suite of decentralized finance (DeFi) products, including its native blockchain, OKT Chain, which is powered by the OKB Coin. The platform offers spot trading across 350 digital assets and access to over 200 derivatives contracts with 100x leverage.

The DeFi aggregator allows users to participate in liquidity pools, yield farming, and on-chain staking. It integrates seamlessly with TradingView, enabling traders to utilize sophisticated charting tools and execute trades directly from the TradingView interface.

It is committed to transparency and security, as demonstrated by its Proof of Reserves program, which provides users with verifiable evidence of the platform's solvency and the security of their assets. As a global exchange, it can be used in both Turkish and Greek.

• Fees: A 0.1% fee applies to instant spot trading.
• Supported Assets: Over 350 cryptocurrencies.
• Regulation & Licensing: Complies with financial regulations applicable in Cyprus. ‍
• EUR Deposit Methods: Bank transfer, credit card, debit card, Apple Pay and Google Pay.

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4. Gate.io

Gate.io is a top exchange offering an extensive selection of digital assets, making it a preferred platform for users in Cyprus seeking diverse investment opportunities. It provides access to over 3,200 cryptocurrencies for spot trading and 500+ futures contracts with leverage up to 100x supported.

The platform offers a variety of earning options through its 'Simple Earn' and staking services, allowing users to earn interest on their crypto holdings. Additionally, Gate.io provides automated investment tools such as the 'Auto-Investment' feature, enabling users to set up recurring purchases.

For those interested in advanced trading, Gate.io offers a suite of strategy bots, including spot grid and futures grid bots, designed to automate trading based on predefined parameters. The platform also supports copy trading, allowing users to copy the trades of successful users.

• Fees: 0.2% flat trading fee for both makers and takers.
• Supported Assets: Over 3,200 cryptocurrencies.
• Regulation & Licensing: Registered as a compliant entity under international regulations, with strict KYC/AML policies in place.
• EUR Deposit Methods: SEPA, wire transfers, and Apple Pay.

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5. Binance

Binance is the world’s largest exchange, serving over 250 million registered customers across Cyprus and 100 other countries. Thanks to this accessibility, it can be accessed in Greek, Turkish and 40 other languages. It offers 350 cryptocurrencies for spot trading and over 100 futures contracts. 

The platform also provides advanced features such as trading bots and copy trading. Beyond trading, Binance offers a robust ecosystem through its Launchpad, enabling users to participate in early-stage token offerings of promising blockchain projects. 

Additionally, Binance supports staking, auto-investment plans, lending and borrowing services, a crypto debit card, fan tokens and an NFT marketplace. The Binance Web3 Wallet and BNB Chain further enhance its offerings, allowing users to explore decentralized applications.

• Fees: Maker and taker fees start at 0.10%, with discounts available for using BNB tokens.
• Supported Assets: Over 350 cryptocurrencies, including Bitcoin, Ethereum, and numerous altcoins.
• Regulation and Licensing: Binance Cyprus Limited has been granted Class 3 registration as a Crypto Asset Services Provider (CASP) by CySEC.
• EUR Deposit Methods: Bank transfers, credit cards, debit cards, Apple Pay, Google Pay and SEPA.

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Is Crypto Regulated in Cyprus?

In Cyprus, cryptocurrency activities are regulated by the Cyprus Securities and Exchange Commission (CySEC). CySEC requires Crypto Asset Service Providers (CASPs) to register and comply with anti-money laundering (AML) and counter-terrorist financing (CFT) laws. 

This regulatory framework ensures that crypto service providers operate transparently and adhere to strict compliance standards. As of 2025, Cyprus has also implemented the European Union's Markets in Crypto-Assets Regulation (MiCA), which will further harmonize crypto regulations across EU member states.

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How is Crypto Taxed by MOF?

The Cyprus Tax Department (MOF) oversees the taxation of cryptocurrency in Cyprus, which hinges on the nature of the activity. For individuals engaging in occasional crypto transactions, profits are typically considered capital gains and are not taxed. 

However, if an individual frequently trades cryptocurrencies as part of a business activity, these profits are treated as income and taxed at progressive rates. This tax ranges from 20% for income over €19,500 to 35% for amounts exceeding €60,000.

For companies involved in cryptocurrency trading, profits are subject to a corporate tax rate of 12.5%, one of the lowest in the European Union. Additionally, Cyprus offers favorable tax provisions, such as exemptions on capital gains for certain assets and benefits under the non-domicile regime.

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Cryptocurrency Adoption in Cyprus

Cyprus is witnessing a steady rise in cryptocurrency adoption, with projections estimating that by the end of 2025, the number of crypto users will reach approximately 64,240, representing 5.2% of the population. 

The total revenue from the crypto market is expected to reach $909,900. This growth is fueled by the increasing acceptance of cryptocurrencies for payments among local businesses and the integration of blockchain technologies across various sectors. 

The Cyprus Securities and Exchange Commission (CySEC) has implemented a clear regulatory framework, attracting popular exchanges like Binance, Coinbase, and Crypto.com, further cementing Cyprus as a growing hub for crypto activities.

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How to Buy Bitcoin in Cyprus

Purchasing Bitcoin in Cyprus is straightforward, thanks to the availability of regulated exchanges overseen by the Cyprus Securities and Exchange Commission (CySEC). Here's how to get started:

1. Choose a Reputable Exchange: Select a trusted platform that operates within CySEC's regulatory framework. Some popular options include Binance, Coinbase, and Kraken.
2. Create an Account: Sign up using your email address and complete the Know Your Customer (KYC) process by submitting a government-issued ID and proof of address.
3. Deposit Euros (EUR): Navigate to the deposit section of the platform and choose your preferred payment method, such as bank transfer, credit, or debit card. Specify the amount of EUR you wish to invest and complete the transaction.
4. Find Bitcoin (BTC): Use the search function on the platform's trading page to locate Bitcoin. Select the BTC/EUR trading pair to proceed with your purchase.
5. Execute the Trade: Enter the amount of Bitcoin you wish to buy. Review the transaction details, including the price and fees, before confirming the trade.

After the purchase is complete, your Bitcoin will be available in your exchange wallet. For added security, consider transferring your coins to a private wallet where you control the keys.

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Bottom Line

Cyprus is quickly becoming a go-to spot for cryptocurrency traders in Europe, thanks to clear regulations from the Cyprus Securities and Exchange Commission (CySEC) and its alignment with the EU’s MiCA framework.

Top digital asset exchanges like Kraken, Uphold, OKX, Gate.io, and Binance make it easy for users in Cyprus to trade and invest with confidence.