Italy has emerged as one of the most active markets for cryptocurrency trading in Europe. Whether you're a beginner or an experienced trader, choosing the best crypto exchange in Italy is crucial for secure, efficient, and cost-effective trading. With various platforms available, this article provides an in-depth analysis of the top seven cryptocurrency exchanges in Italy.
By highlighting their pros, cons, features, usability, trading fees, payment options, and the number of cryptocurrencies offered, we'll explore the best platforms for buying and selling cryptocurrencies in the country.
Table of Contents
Top 7 cryptocurrency exchanges in Italy
- Bitget
- MEXC
- Binance
- eToro
- Bitpanda
- UpHold
- Gemini
Bitget
Bitget is a reputable cryptocurrency exchange that offers Italian traders a variety of trading options, including spot, margin, and futures trading. It features a copy trading option that allows users to replicate the trades of more successful traders.
Although it is more suited for advanced traders due to its complex trading tools, Bitget boasts an easy-to-navigate interface, making it accessible to traders of all experience levels. Bitget employs advanced security measures, including multi-signature wallets and cold storage solutions, to ensure the safety of user funds. In addition, it maintains a $300 million protection fund during volatile market conditions, providing an additional layer of protection for users.
Beyond trading, Bitget also offers an in-built NFT marketplace, a P2P feature, and an academy that provides educational resources to those who are willing to learn more about cryptocurrencies.
Pros
- User-friendly interface
- Regular security audit
- Strong liquidity
- Support multiple fiat currencies
Cons
- Its interface may be too complicated for beginners
- Limited customer support
Trading Fees:
Spot Trading - 0.1% (Maker and Taker fee)
Futures trading - 0.02% (Makers), 0.06% (Takers)
Payment Options: Debit/credit card, Apple Pay, Google Pay
Number of available cryptocurrencies: Over 800
MEXC
MEXC is a popular cryptocurrency exchange offering a wide range of trading features, including margin, spot, and futures trading. Known for its strong peer-to-peer (P2P) platform, the exchange allows users to buy, sell, and trade cryptocurrencies directly with each other.
Designed with user-friendliness in mind, MEXC features an intuitive interface, making it easy for traders to navigate and execute trades seamlessly. MEXC offers an interesting staking feature called “Locked Saving,” which allows users to earn yields on their cryptocurrencies by locking them up. It also provides a copy trading feature that allows users to mimic the trades of more experienced traders.
MEXC stands out as one of the first exchanges to list new cryptocurrency assets, making it a suitable platform for airdrop hunters. The platform grants users access to a wide range of features without requiring KYC or strict verification, offering greater flexibility.
MEXC is a trusted platform that implements good security features, ensuring the safety of users' funds at all times. It also provides a demo account, allowing users to practice with virtual funds and familiarize themselves with the platform's features before risking their own money.
Pros
- Low trading fees
- Wide selection of coins
- Suitable for airdrop hunting
- Supports P2P trading
Cons
- Limited Fiat options
- Less regulated than competitors
Trading Fees:
Spot trading - 0.0% (Maker), 0.05% (Taker)
Futures trading - 0.0% (Maker), 0.02% (Taker)
Payment Options: Credit and debit cards, bank wire transfers, and third-party payments.
Number of available cryptocurrencies: Over 2900 cryptocurrencies
Binance
Binance is one of the most popular and safest crypto exchange platforms in the world today. Founded in 2017, it has since become a leading destination for crypto investors and traders.
Binance boasts the highest trading volumes amongst crypto exchanges globally, a testament to its trustworthiness and popularity within the crypto community. With options like “Binance Pro" for advanced traders and "Binance Lite” for beginners, it caters to users of all experience levels.
The exchange supports a wide range of fiat currencies, including the Euro, making it a compelling choice for Italian traders and investors. Its educational portal, “Binance Academy,” is a comprehensive learning platform where users can gain the knowledge they need about cryptocurrencies, investments, and trading.
Additionally, it features a popular P2P marketplace and a staking feature, which allows users to earn passive income by staking specific cryptocurrencies on the platform. Binance is equipped with strong security features, including two-factor authentication, malicious contract detection, and cold wallet storage.
Pros
- Low trading fee
- Supports multiple fiat currencies, including EUR
- Strong security feature
Cons
- Customer support can be slow during peak times
Trading Fees:
Spot/margin trading - 0.1% (fees can also vary based on conditions such as holding BNB and user VIP level)
Futures - 0.02% (Maker), 0.05% (Taker). Can vary based on VIP level.
Payment Options: Direct bank deposit, Debit/credit Card, Apple Pay, Google Pay
Number of available cryptocurrencies: Over 500 cryptocurrencies
eToro
eToro is an innovative social trading platform that allows Italian traders to buy, sell, and trade cryptocurrencies. The platform boasts a strong international reputation and is trusted by over 25 million users across 140 countries.
As a multi-asset platform, eToro not only offers cryptocurrency but also stocks and exchange-traded funds (ETFs). This makes it a suitable option for investors who prefer more traditional investments or want to diversify their portfolio with a mix of traditional and crypto investments.
One of eToro’s standout features is social trading, which provides a social feed allowing users to interact with other investors, share ideas, and investment strategies. This helps investors make more informed investment decisions. eToro also offers copy trading, allowing novice traders to copy the trades of experienced traders.
Additionally, users are provided with a $100,000 virtual trading account, enabling them to practice their trades and refine their strategies before entering the market. eToro is well-regulated and offers top-notch security features, including two-factor authentication (2FA). Other advanced security features include “Zero Balance Protection,” which ensures traders do not lose more than their bank account balance when trading.
Pros
- User-friendly and suitable for beginners
- Offers social trading features
- Multi-asset platform
- Well-regulated and secure
Cons
- Higher trading fees compared to other exchanges
- Lacks sufficient advanced trading tools
Trading fees: 1% for buying or selling cryptocurrencies
Payment Options: Debit card, bank transfer, PayPal
Number of available cryptocurrencies: Over 130 cryptocurrencies (17 are experimental)
Bitpanda
Bitpanda is an Austria-based crypto broker trusted by over 6 million users worldwide. While it's suitable for Italian traders seeking advanced investment options, beginners can also make use of it due to its simple interface.
In addition to its crypto offering, the platform allows users to invest in gold, stock, and commodities, making it a one-stop shop for investors seeking portfolio diversification. It also offers top-tier security features, such as two-factor authentication and exceptional protection against DDoS attacks, as well as offline storage.
Bitpanda offers a crypto debit card that allows investors to easily spend cryptocurrencies anywhere in the world without the hassle of converting them to fiat. The exchange boasts a crypto academy that offers over 100 crypto lessons to help beginners on their trading journey.
Bitpanda is committed to ensuring the financial well-being of users, as evident in features such as “Bitpanda Savings,” which allows users to save cryptocurrencies. Users who wish can create a savings plan to store Bitcoin, Ethereum, and other cryptocurrencies safely for future use. Bitpanda is well-regulated and licensed, catering to both retail and institutional investors and providing a diverse trading environment.
Pros
- Well-regulated and secure
- User-friendly and intuitive interface
- Offers multiple payment options
- Offers both a web version and a mobile application
Cons
- Inadequate customer support
- Lack of a transparent fee structure
Trading Fees: 1.49%
Payment Options: Debit cards, bank transfers, Neteller, Paypal, Skrill, GIROPAY, SEPA
Number of available cryptocurrencies: Over 400 cryptocurrencies
UpHold
Uphold is a leading multi-asset trading platform that allows Italian traders to buy, sell, and convert crypto assets, fiat currencies, equities, and precious metals all in one place. With a diverse range of available assets, Uphold is suitable for traders seeking advanced investment options.
The platform is renowned for its unique 'anything-to-anything' trading feature, which enables swift asset conversion between different asset classes. It also offers staking options on multiple cryptocurrencies, allowing users to earn passive income with an APY of over 15%.
Additionally, Uphold offers a crypto Debit card that allows holders to spend digital assets wherever they want. With the Uphold MasterCard, users can shop online from over 50 million merchants worldwide. Using the Uphold Mastercard eliminates the need for currency conversion, as the card automatically converts available crypto assets into the required local currency for purchases.
Pros
- Intuitive and straightforward platform design
- Anything-to-anything asset conversion feature
- Boasts a transparent fee structure
- Good staking option
Cons
- Poor customer support
- High fees
Trading Fees: From 0.2% to 2.95%, depending on the assets you trade
Payment Options: Debit/credit card, Bank transfers, SEPA / FPS bank account, and Apple Pay
Number of available cryptocurrencies: Over 300 cryptocurrencies
Gemini
Gemini is a well-regulated and licensed crypto trading platform that places a strong focus on security. These include two-factor authentication and device and IP address approval. The platform also offers insurance coverage for digital assets stored in wallets, ensuring asset safety. Other advanced security features include “Gemini Custody," a cold storage option that offers institutional-grade security and is suitable for accounts with large cryptocurrency holdings.
The exchange offers a simple interface for beginners and advanced tools for experienced traders. Advanced trading features are available on the “Active Trader" platform, a tier explicitly designed for more experienced traders.
Gemini offers a debit card, allowing users to spend their crypto assets at over 30,000 merchants worldwide. Additionally, it provides users with the opportunity to earn passive income by staking specific assets, such as ETH. Furthermore, users can earn passive income through the Gemini referral program by inviting new users to trade on the exchange.
Pros
- Well-licensed and highly-regulated
- Offers a transparent fee structure
- Supports recurring buys
Cons
- High trading fees
- Slower deposit fees
Trading Fees:
Stablecoins: 0.00% (Maker fee) and 0.01% (Taker fee)
Other cryptocurrencies: 0.00% - 0.20% (Maker fee) and 0.03% - 0.40% (Taker fee)
Payment Options: Bank transfers (Faster Payments, CHAPS, or SWIFT wire) and debit cards
Number of available cryptocurrencies: Over 70 cryptocurrencies
FAQs
What is the best crypto exchange to buy Bitcoin in Italy?
The best cryptocurrency exchange will vary depending on an investor's preferences, with eToro and Bitpanda being excellent choices for beginners. For more experienced traders, platforms such as Binance and Bitget offer the best tools and lowest fees.
Which crypto exchange offers the lowest trading fees?
MEXC has some of the lowest fees, starting at 0.0%.
Do all these crypto exchanges comply with Italian cryptocurrency regulations?
Yes, all exchanges listed above either comply with the EU MiCA framework or are registered with Italy’s Organismo Agenti e Mediatori (OAM). This ensures that these platforms meet all local regulatory standards needed for secure operations.
Conclusion
Choosing the best exchange to buy cryptocurrency in Italy will depend on your trading needs. Whether you're a beginner trader, an experienced trader, a long-term investor, or a day trader, there's a platform tailored to your trading needs.
Each platform listed here is among the best exchanges to use in Italy and stands out for different reasons. eToro is known for its social trading, while platforms like MEXC, Binance, and Bitget are recognized for their low trading fees. Bitpanda focuses on the local European market, and Gemini and Uphold are known for their strong regulatory compliance.
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