If you are from Europe and looking for the best cryptocurrency exchange you can use, then you are at the place you should be.
You see, there are too many cryptocurrency exchanges available in the cryptosphere, but choosing the best among them that is legitimate, affordable, feature-rich and, most importantly, fits your trading needs is quite tricky.
But don’t worry, I am here to make that easy for you; I will compare all of the best exchange options available in Europe, compare them and will tell you everything you need to know about them before you get your hands on them.
So, let’s begin by enlisting these exchanges first without further delay.
Best Crypto Trading Platform In Europe
- Bybit
- Phemex
- Kraken
- Binance
- Coinbase
- Poloniex
- Bittrex
- KuCoin
- Gate.io
- Gemini
- Binance.US
- OKX
#1. Bybit
Next up on the list is Bybit, yet another famous name among significant cryptocurrency exchanges in Europe. Founded in 2018 and headquartered in Singapore, the variable crypto products it offers this crypto exchange fit all your trading strategies flawlessly.
The exchange supports more than 119 crypto assets, offering a maximum of 100x on selected trading pairs. The products it provides are:
- Spot Trading
- Derivatives Trading
- Buy Crypto
- Options Trading
- Bybit Earn
- Mobile App
- Trading Bot
- Margin Trading
- Copy Trading
- Futures Trading
- P2P Trading
However, the order types supported on the platform are pretty basic but include all the crucial ones, which are:
- Market Order
- Limit Order
- Conditional Order
The exchange offers free spot trading for all assets with no deposit charges. However, there is a minimum withdrawal fee depending on your currency.
Bybit offers variable methods to fund your account and an easy-to-use, beginner-friendly user interface with all the standard charting systems and advanced toolsets.
KYC is mandatory on KYC for complete and uninterrupted accessibility. There are different account types available that you can opt for depending on the KYC level of your account.
Additionally, the exchange offers 24×7 support via live chat and email service.
Moreover, it offers some of the best security features like SSL encryption, PCI-DSS and GDPR compliance, Real-time monitoring, quarterly security audit and two-factor authentication, making the platform a fortress.
#2. Phemex
Another prominent name among the best cryptocurrency exchanges in Europe is Phemex. The platform was founded in 2019 and currently holds more than 5 million registered crypto traders, as well as there are more than 30 liquidity providers on this exchange.
This cryptocurrency exchange supports more than 230 digital assets, which compile all your favourite ones like: BTC, ETH, BCH, XRP, LINK, LTC etc.
Phemex offers multiple perpetual contracts with leverage of up to 100x, and the contracts have no expiration date as well. It offers the following product types:
- Over-the-counter trading (OTC)
- Spot Trading
- Derivatives Trading
- Leverage Trading
Phemex also offers multiple order types, including all the basic and advanced ones, which are:
- Market Order
- Limit Order
- Stop Order
- Buy-Stop Order
- Sell-Stop Order
- Stop Market Order
- Stop Limit Order
- Trailing Order
Phemex, also like other major cryptocurrency exchanges, follows a maker/taker fee model charging a maker fee of 0.075% and a rebate of 0.025% for orders from market makers.
For spot trading, Phemex charges low fees of flat 0.1% per order with no fee charged for Premium and Premium trail users.
Phemex cryptocurrency exchange offers multiple methods of funding your account, including debit/credit cards and direct crypto transfers from other crypto wallets. Moreover, the most highlighted features and functionalities which are:
- Charts and Trading View
- Order book
- TradingView powered chart
- Order menu
- Live positions
- Recent trades
- Order book depth chart
- Crypto perpetual contracts details
- Trading account display
- Mobile Platform
Phemex offers two types of perpetual futures trading accounts, which are:
- BTC trading account
- USD trading account
Phemex gives you the option to trade anonymously without any KYC requirements. You can also opt for a premium membership giving you some extra benefits like:
- Zero trading fees on spot trading
- Support for conditional orders
- Hourly withdrawals
- No withdrawal limits
Together with 24×7 direct line customer service through ticketed service and social media platforms like Twitter, Facebook, Telegram and Reddit. The security features on Phemex are top-notch as well, that includes:
- Multi-Signature Cold Wallet Storage
- Amazon Web Services (AWB)
- Firewalls
Additionally, Phemex also comprises CrossEngine and TradingEngine, which ensures minimal time lag and trade delays.
#3. Kraken
Next on the list is Kraken, yet another big wig of the cryptosphere, which was launched in San Francisco in 2011 and currently holds more than 9 million users on the platform.
Kraken is supported in more than 190 countries, including all parts of Europe. Other than BTC, ETH, and XRP, the exchange offers more than 185+ crypto assets. There are multiple fiat currencies supported on the exchange as well which include USD, EUR, CAD, GBP, CHF and JPY.
Kraken also allows multiple product types, which include:
- Leverage Trading
- Futures Trading
- Crypto Indices
- Over-the-Counter Crypto Trading
The platform offers up to 5x leverage on the majority of the assets available on the exchange. Additionally, Kraken also offers multiple order types, which are:
- Market Order
- Stop-Loss Order
- Limit Order
- Take-Profit Order
The majority of the purchases include a flat 1.5% fee; however when choosing USD 0.9% fee is charged.
This Bitcoin exchange offers multiple deposit methods, which can be done through fiat currencies, crypto coins and digital wallets. Moreover, there are four different levels of account types, and KYC is mandatory on this platform.
Kraken offers industry-leading security features, with the majority of your crypto holdings held in cold wallets. The developer’s team also keep a close eye on third-party services and constantly tests them for security issues keeping the exchange always up to date.
#4. Binance
Coming to the most prominent name among the best crypto exchanges and the leading crypto exchanges by trading volume is Binance. Founded in 2017, offering a variety of features and functionality, making it popular among crypto enthusiasts worldwide.
As massive as the exchange is, it supports a long list of crypto assets, counting to more than 350 of them and offers a wide range of product types as well, which are:
- Futures Trading
- Leverage Trading
- Options Trading
- Spot Trading
- Binance Savings
- Staking
- Binance Launchpad
Moreover, Binance offers maximum leverage of up to 10x on most of the assets supported on the platform. Along with this, the exchange also provides a wide range of order types which are:
- Market Order
- Limit Order
- Stop-Limit Order
- Trailing Stop Order
- One-Cancels-the Other Order (OCO)
The trading fee on Binance vary depending on whether you hold BNB tokens or not. If you don’t hold one, it charges a flat 0.1% fee, and if you hold BNB, the charges are automatically deducted from your BNB token with a 25% discount.
Other than this, there are no deposit fees. However, there are withdrawal fees which are dynamic and depend on the asset, which are automatically adjusted.
Binance offers pretty convenient and variable types of funding methods. As well as it comes with a sophisticated enough UI and UX to provide state-of-the-art toolsets for advanced traders that consist of:
- Technical Analysis Charts
- Order Book
- Recent Trade Widgets
- Order Form
Additionally, Binance also offers variable account types, with KYC being a must and deciding your accessibility based on the KYC level your account is verified under.
Being a Big Wig in the cryptosphere, Binance offers the best customer support and some of the industry’s most advanced security features, which include:
- SSL encryption
- PCI-DSS
- Cold Storage
- Withdrawal Authorization
- Two-Factor Authentication
- Insurance Funds
#5. Coinbase
Beginning with Coinbase founded in 2012 solely to trade Bitcoin. The crypto exchange opened its doors to other assets shortly after and is currently available in more than 100 countries worldwide.
There are more than 200 crypto assets supported on the exchange with variable order types, including:
- Buy and Sell Crypto
- Coinbase Wallet
- Crypto Earn
- Coinbase Card
- Private Client
- Crypto Borrow
- Margin Trading
- Crypto Rewards
- Derivatives
A maximum of 500x leverage is offered on BTC/USDT with at least 5X leverage on all the available trading pairs with the following order types:
- Market Order
- Limit Order
- Stop Order
- Good Till Cancelled (GTC)
- Immediate or Cancel (IOC)
- Fill or Kill (FOC)
For spot trading, Coinbase follows the maker/taker fee model varying depending on your trading volume. To understand it in detail, please click here.
However, KYC is mandatory on this trading platform with dedicated customer support and industry-leading security features like cold storage, two-factor authentication, biometric verification and FDIC insurance coverage up to $250,000 all in place.
#6. Poloniex
Next up is Poloniex, another famous cryptocurrency exchange founded in October 2013 in the USA and was later sold to Circle Internet Financial Limited, a major mobile payment platform, in 2018.
Poloniex offers maximum leverage of 20x for level 1 and level 2 traders as well, allowing you to trade in 10+ crypto pairs but only in BTC. It allows lending, margin and futures trading products.
The standard fees, regardless of your 30-day trading volume, is based on the maker/taker module, 0.01%/0.02%.
Poloniex credits 10,000 USDT as demo money after signing up on the platform. Verification here is on a level basis, level 1 allows limited access, and level 2 unlocks all the features. You can withdraw up to around $10,000 daily without KYC.
It has a 24×7 enabled chat box feature, which has received reputable customer feedback. Users can also liquidate their funds anytime. It also contains a pretty comprehensive FAQ section that gives you an in-detail trading education.
Security on Poloniex is also over the line with all the advanced trading tools and features that you can expect from a major cryptocurrency exchange. The interface is easy to understand for beginner traders and sophisticated enough for professional traders.
#7. Bittrex
Bittrex was founded in 2014 and is headquartered in Seattle. This cryptocurrency exchange platform can be a great option for experienced traders looking for relatively low trading fees and several order types.
Bittrex cryptocurrency exchange supports more than 300 cryptocurrencies which include all the latest ones like DFI, CEL, SIGNA and many more that can be traded against USDT, USD, EUR, BTC and ETH.
The cryptocurrency exchange has a tiered fee structure depending on your 30-day trade volume. Users with a volume of less than $5k are in the first tier, and the market maker/taker fee for the first tier is 0.75%/0.75%.
Users with a 30d volume of over $100 million are in the final tier. For them, the market maker/taker fee is 0.00%/0.05%. On Bittrex, there is mandatory KYC, where you need to get your account verified.
It has a unique and smooth user interface that includes TradingView with multiple timeframes varying between 1 minute to 1 month.
Bittrex uses a combination of hot and cold wallets with multi-factor authentication as well as SSL encryption, withdrawal authentication, IP whitelisting, and more.
Customer support on Bittrex is also quite good, with a separate contact section where you can contact the Bittrex team via email. The website also has a virtual assistant that aids you with basic queries. You can check the discover section to get answers to commonly asked questions.
#8. KuCoin
KuCoin is a Seychelles-based cryptocurrency exchange founded in 2019. Initially, the exchange was only a spot trading-specific exchange but later, in 2021 entered the margin as well as futures trading stream.
KuCoin offers a vast collection of digital assets, counting more than 600 of them. Additionally, it offers a wide range of product types as well, which are:
- Spot Trading
- Margin Trading
- Derivatives Trading
- Perpetual Contracts
- Delivery Contracts
- Inverse Contracts
- Linear Contracts
- Leveraged Tokens
- KuCoin P2P
Moreover, KuCoin also provides multiple order types, including the basic and advanced ones, which are:
- Limit Order
- Market Order
- Stop-Limit/Stop Market
- Iceberg Order
- Post-Only Order
- Time in Force
KuCoin offers quite an affordable fee structure which depends on the tier level of your account based on the KCS holdings. To understand them in detail, please refer to this page. The trading fees depend on the trade volume, which will decrease as your volume increases.
There are no deposit fees charged on KuCoin, and any fee that you pay depends on the payment method you choose to deposit through.
The exchange also charges a fixed fee when withdrawing funds from your KuCoin wallet. The actual cost depends on the crypto asset you are withdrawing without any hidden charges.
KuCoin supports 20 fiat currencies which are AED, ARS, BRL, PHP, QAR, SAR, THB, CHF, KRW, MXN, ZAR, USD, CAD, VND, IDR, INR, AUD, EUR, NGN, as well as CNY.
KuCoin trading platform provides a seamless user interface that includes some of the best features, which are:
- Chart Types
- Time Frames
- Indicators
- Drawing Tools
- OTC Trading Desk
- Mobile Trading Platform
There are 4 levels of trader accounts on KuCoin when it comes to KYC verification: unverified, KYC level 1, KYC level 2 and institutional KYC. You can refer to the accessibility limits of the KuCoin accounts in the following table:
Along with this, KuCoin also has a reliable customer support team with top-notch security features. It keeps a majority of its user’s funds in cold storage with industry-level multilayer encryption. KuCoin also encourages its users to enable multi-factor authentication on their accounts.
#9. Gate.io
Next up is Gate.io, which was founded in 2013 and currently executes a daily trading volume of over $12 billion.
The exchange is available in 224 countries and is renowned as the best European cryptocurrency exchange. The platform supports more than 400 crypto assets forming over 800 trading pairs.
Trading fees are segregated into 17 different tiers ranging between VIP0 to VIP 16 following a maker-taker fees structure. To understand the fee structure in depth, refer to the page here.
Gate.io does not support direct fiat currency deposits; however, you can send crypto directly to your wallet. It gives you an option of anonymous trading under VIP level 0 with limited accessibility and withdrawals.
Gate.io is a multifaceted cryptocurrency exchange with ease of use at the centre of its design. The exchange allows for easy navigation through the different sections of the interface.
The many functionalities can be a little overwhelming at first, but most traders can figure things out within a short time. The security features include:
- 2-factor authentication
- Encrypted transport layer
- Cloud Security
- WAF protection system
- DNS security
Making it a safe and secure trading platform.
#10. Gemini
Gemini is a New York-based cryptocurrency exchange that was founded in 2014 with the world’s first SOC 1 Type 2 and SOC 2 Type 2 certified cryptocurrency exchange and custodian.
Gemini has a wide range of digital currency offerings, counting to more than 100 of them. Additionally, there are multiple product types that include:
- Gemini Earn
- Gemini Credit Card
- Active Trader
- Gemini Dollar
- Gemini Custody
- Gemini Clearing
- Gemini Pay
- Gemini Wallet
Gemini also offers a list of a basic but crucial set of order types that are:
- Market Order
- Limit Order
- Stop-Loss Order
Moreover, the fee structure includes the following fee schedules:
- API fee schedule
- Mobile fee schedule
- Web fee schedule
- Active trader fee schedule
- Transfer fee schedule
- Connectivity fee schedule
- Market data fee schedule
Among all these, I will be telling you about the active trader fee schedule in detail. For other fee schedules, click here.
In addition to the transaction fee, Gemini also offers multiple methods to fund your account, which are either through fiat currencies or through bank account or ACH transfers.
Together with all these features, Gemini also offers a best-in-class charting system and toolsets for executing profitable trades. KYC is a must on this exchange, and it implements AML systems as well to ensure the security of your funds on this exchange.
Your funds are encrypted with FIPS 140-2 Level 3-rated cold storage wallets and offer multi-factor authentication and seamless integration with physical hardware wallets.
#11. Binance.US
Coming the sister exchange of Binance that was specifically launched for US users. The platform lets you buy, sell, convert and stake over 120 popular cryptocurrencies.
It implements the following fee structure:
Binance.US offers industry-standard security features for the protection of your funds. Binance.US is the only significant crypto exchange platform in the U.S. that has never suffered a platform hack or breach. Most of the features on Binance.US is the same as its standard platform, making it one of the best crypto exchanges in the cryptosphere.
#12. OKX
Finally, one of the most famous cryptocurrency exchanges in the cryptosphere that has recently become more popular with its major tie-ups in sports and motor racing is OKX.
Founded in 2017 in Seychelles currently holds more than 20 million crypto investors and has made its way to the top 10 best exchanges in the world.
OKX currently supports more than 300 digital assets letting you to buy and sell Bitcoin readily on the platform, which can be converted into more than 30 local currencies with ease within seconds. There are various product types as well supported on the platform, which are:
- Spot Trading
- Margin Trading
- Bot Trading
- Futures and Options Trading
The exchange offers a maximum of up to 20x leverage. There are also all the crucial order types available on OKX, which are:
- Limit Order
- Market Order
- Trail Order
The fee structure is segregated under two different variants, one for normal users and the other for VIP users, based on the trade volume. Obviously, active traders enjoy lesser pricing. OKX also offers multiple funding methods, which are always convenient to have.
OKX gives you the option of being anonymous but with restrictive accessibility. Moreover, security on OKX is top-notch, with
- Multi-factor authentication
- SSL encryption
- Anti-phishing mode
- Rigid verification levels
The trading dashboard also offers customizable layouts, which is quite useful for margin trading or any other advanced trading strategy.
FAQs:
- What is the biggest crypto exchange in Europe?
When it comes to the biggest crypto exchange in Europe, Kraken holds that place. It comes with a wide range of crypto assets with 70+ futures on the exchange.
With a quarterly trade volume of over $207 billion and 9 million plus, users are currently registered as well as the exchange is available in more than 190 countries. Kraken is the biggest and one of the most trusted crypto exchanges in Europe.
- How do I buy crypto in the EU?
To purchase crypto in Europe, you can use any of the above-enlisted crypto exchanges with complete trust and ease.
All these exchanges offer quite unique and state-of-the-art features and functionality in the cryptosphere.
- Which exchange is best for cryptocurrency in Germany?
When talking about the best cryptocurrency exchange in Germany, Phemex is surely the one to go for. Phemex offers a wide range of products and order types.
Additionally, Phemex comes with state-of-the-art tool sets and features that help millions of traders make profitable trades. So if you are in Germany and looking for the best option for you, just go for Phemex.
Conclusion
That was all about the best crypto exchanges in Europe. In a gist, all these platforms offer an optimum trading experience to their users with safe and secure crypto transactions.
All these trading platforms are quite great and offer quite remarkable feature offerings. So without any further thoughts, get your hands on any of these exchanges and start trading now.
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