Best Crypto Exchanges in Lithuania

Best Cryptocurrency Exchanges in Lithuania

Our team tested and reviewed the 23 crypto exchanges accessible to Lithuanian users. This analysis considered compliance with the Bank of Lithuania and Financial Crime Investigation Service (FNTT) regulations, euro deposit methods, trading fees, available assets, and platform features. Below is a comparison table of the best five platforms in Lithuania.

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1. Bybit

Bybit is the leading crypto exchange in Lithuania, providing users access to over 1,500 digital assets for spot trading and more than 440 futures contracts with up to 200x leverage. Traders can make the most of Bybit's advanced features, including trading bots, copy trading services, a demo account, pre-market trading, and its unique TradeGPT tool for live market insights.

It offers unique services like the Bybit Card, an NFT marketplace, staking services, an OTC desk, crypto loans, and a Launchpad to explore new crypto projects. Transparency is a core value, with Bybit maintaining a live proof-of-reserves system that ensures all assets are fully backed 1:1, providing additional user assurance.

• Fees: Maker fees are 0.02%, taker fees are 0.055% for futures, and 0.1% for spot trading.
• Supported Assets: Over 1,500 digital assets.
• Regulation & Licensing: Bybit operates under OnlyChain Fintech Limited, UAB, a company registered in the Republic of Lithuania.
• EUR Deposit Methods: SEPA, bank transfers, debit cards, credit cards, Zen, Google Pay, and Easybank.

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2. Uphold

Uphold offers a multi-asset trading platform for Lithuanian users, providing access to over 300 cryptocurrencies, 4 precious metals, and 27 traditional currencies. The platform's simple design allows for easy transactions between different asset classes. Its commitment to transparency is highlighted by its real-time reserve status, ensuring users that their assets are always withdrawable.

Security is a top priority for Uphold, featuring robust measures like two-factor authentication and encryption protocols. The platform also offers automated trading features, enabling users to set up recurring transactions for dollar-cost averaging strategies and staking services offering up to 25% APY. 

• Fees: A trading fee of 1% and a spread fee of 1%.
• Supported Assets: Over 300 digital assets, 4 precious metals, and 27 fiat currencies.
• Regulation & Licensing: Registered with the Financial Crime Investigation Service under The Ministry of the Interior of the Republic of Lithuania.
• EUR Deposit Methods: Bank transfers, SEPA and credit or debit cards.

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3. Kraken

Kraken is respected for its comprehensive services tailored to institutional investors and high-volume traders. The platform offers 290 cryptocurrencies for spot trading, as well as futures and margin trading options with 5x leverage. Its advanced trading tools include detailed charting and order types, an OTC desk, institutional staking services and personal account managers.

The platform takes security seriously with industry-leading measures, such as 24/7 customer support, asset custody services, and proof of reserves, which transparently verifies asset backing. Additionally, it provides an NFT marketplace with zero gas fees and the Kraken Wallet, allowing users to manage crypto holdings across multiple chains.

• Fees: 0.16% Maker and 0.26% Taker fee for spot trades.
• Supported Assets: More than 290 cryptocurrencies.
• Regulation & Licensing: Registered as a VASP across Europe and available in Lithuania.
• EUR Deposit Methods: SEPA transfers, SWIFT, and credit or debit cards.

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4. OKX

OKX offers users a versatile platform to trade crypto, engage in decentralized finance (DeFi), and explore NFTs. It supports 350 digital assets for spot trading, as well as advanced trading tools like margin and futures trading with 50x leverage. The OKX Web3 wallet and integration with TradingView allow access top DeFi apps, blockchain games, and supercharged trading tools.

The NFT marketplace provides a secure hub for buying, selling, and creating NFTs. For institutional traders, OKX offers high-performance API connectivity and deep liquidity, optimizing capital efficiency. A key feature is its vibrant DeFi ecosystem, centred around the OKT Chain. This allows for on-chain staking, appealing to experienced traders seeking profitable ventures.

• Fees: A 0.08% charge for spot trading.
• Supported Assets: Over 350 cryptocurrencies.
• Regulation & Licensing: Regulated across Europe and available in Lithuania.
• EUR Deposit Methods: Bank transfers, SEPA, debit cards and credit cards.

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5. Bitpanda

Bitpanda is a comprehensive investment platform popular among Lithuanian users for its broad range of 3,000 assets and secure investment environment. Based in Austria and fully regulated within Europe, it allows users to trade not only cryptocurrencies but also stocks, ETFs, and commodities like gold and silver. 

The platform’s Crypto Indices feature allows users to auto-invest in the entire crypto market with a single click. It also provides the Bitpanda Card and a Savings Plan for automated recurring investments. Bitpanda’s commitment to security includes ISO27001 certification and offline storage of funds, ensuring that users’ assets are protected.

• Fees: 1.49% for crypto trades; variable fees for stocks and ETFs.
• Supported Assets: Over 3,000 cryptocurrencies, stocks, ETFs, and precious metals.
• Regulation & Licensing: Regulated with the Bank of Lithuania.‍
• EUR Deposit Options: Bank transfer, debit cards, credit cards, and PayPal.

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Is Crypto Regulated in Lithuania?

Yes, cryptocurrency activities in Lithuania are governed by the Markets in Crypto-Assets (MiCA) Regulation, with oversight by the Bank of Lithuania and the Financial Crime Investigation Service (FNTT). This framework provides clear guidelines for crypto operations, including the issuance of digital assets, public offerings, trading activities, and other crypto-related services.

The MiCA Regulation also enforces strict anti-money laundering (AML) and counter-terrorist financing (CTF) measures to promote stability and protect users. Under this regulation, crypto-asset service providers must obtain authorization from the Bank of Lithuania, and investors are advised to check the public registry to confirm a provider's compliance status.

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How is Crypto Taxed in Lithuania?

‍In Lithuania, crypto transactions are subject to specific tax rules, regulated by the State Tax Inspectorate (STI). Capital gains tax is incurred when converting cryptocurrencies into fiat currency, trading them for other digital assets, or using them for purchases. This gain is treated as capital income, requiring taxpayers to declare it as part of their taxable income.

Lithuania applies a 15% flat tax rate for individuals. Taxpayers must report all crypto activities on their annual tax returns using the FIFO principle, where the earliest acquired assets are considered sold first. If original purchase records are unavailable, the deemed acquisition cost method allows a deduction of 25% of the sale price for assets held under 10 years and 50% for those held longer.

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How to Buy Bitcoin in Lithuania

Lithuanian investors seeking to buy Bitcoin should select an exchange that supports euro (EUR) deposits and complies with regulations from the Bank of Lithuania and the Financial Crime Investigation Service (FNTT). Follow this guide to get started:

1. Create an Account: Choose an exchange that aligns with local regulations. Start by entering your basic information, such as name and email, and complete identity verification by uploading a government-issued ID.
2. Deposit EUR: Access the deposit section on your dashboard, specify the amount in euros (EUR) you want to invest, and pick a payment method, such as bank transfer or credit card.
3. Find Bitcoin: Go to the trading section, enter “BTC” in the search bar to locate Bitcoin, and select the EUR/BTC trading pair. Input the details of your intended purchase.
4. Execute the Trade: Confirm the amount of Bitcoin you want to buy, review the transaction details carefully, and complete your purchase.

This guide provides a straightforward overview of each step, from creating an account to executing your first Bitcoin transaction, making it easier for new investors in Lithuania to get started.

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Bottom Line

Selecting the right cryptocurrency exchange in Lithuania depends on your personal trading goals and the specific features that support your investment needs. For Lithuanian users, we recommend exchanges that comply with local regulations and prioritize security, such as Bybit, Kraken, Bitpanda, Uphold, and OKX.

Each of these platforms is suited for different experience levels and provides a wide range of tools.