Cryptocurrency adoption in Cyprus is thriving under a clear regulatory framework established by the Cyprus Securities and Exchange Commission (CySEC). As part of the European Union’s Markets in Crypto-Assets (MiCA) regulation, CySEC licenses and oversees crypto platforms, offering investors confidence in compliance and security. For users in Cyprus seeking seamless euro deposits and robust trading features, several top-tier exchanges stand out.
This guide explores the leading crypto exchanges available to Cypriot investors, evaluates their regulatory status, fee structures, deposit options, and unique features — all while helping you navigate taxation, adoption trends, and practical steps to buy Bitcoin locally.
Top Crypto Exchanges in Cyprus
Cyprus has emerged as a favorable hub for digital asset trading, thanks to its EU membership, strategic location, and progressive stance on blockchain innovation. While cryptocurrencies are not legal tender in Cyprus, they are legally recognized as tradable assets under CySEC supervision.
The following platforms offer Cypriot users secure, regulated access to crypto markets with support for SEPA transfers and other euro-based deposit methods:
1. Kraken – Best Overall Exchange
Founded in 2011, Kraken ranks among the world’s oldest and most reputable cryptocurrency exchanges. It serves over 15 million customers across 190 countries and offers multilingual support, including Greek and Turkish — making it particularly accessible for users in Cyprus.
Kraken operates under Payward Europe Digital Solutions (CY) Limited, which is regulated by CySEC (License No. 342/17), ensuring compliance with EU MiCA standards. This regulatory backing enhances trust and investor protection.
The platform provides an intuitive interface for beginners and a powerful Kraken Pro terminal for experienced traders. It supports spot trading, futures with up to 5x leverage, margin trading, staking, and OTC services.
- Trading Fees: Maker: 0.16%, Taker: 0.26%
- Supported Cryptocurrencies: 420+
- Euro Deposit Methods: SEPA, credit/debit cards, bank wire, Apple Pay, Google Pay, PayPal
- Key Features: Staking yields up to 17% APY, proof-of-reserves audits, high-security protocols
Kraken’s commitment to transparency and security makes it a top choice for both retail and institutional investors in Cyprus.
2. eToro – Multi-Asset Investing Platform
eToro is a globally trusted platform that combines traditional finance with crypto trading. With over 35 million users worldwide, it allows Cypriots to trade not only cryptocurrencies but also stocks, ETFs, and indices — all within one account.
Its standout feature is CopyTrader™, which enables users to automatically mirror trades from successful investors. This functionality is ideal for beginners or those with limited time to analyze markets.
eToro (Europe) Ltd is authorized and regulated by CySEC (License No. 109/10), adhering strictly to MiCA investor protection rules.
- Trading Fees: 1% flat fee + spread on crypto trades
- Supported Cryptocurrencies: 100+
- Euro Deposit Methods: SEPA, credit/debit cards, PayPal, Skrill, Neteller
- Key Features: Social trading, diversified portfolios, free demo account
eToro’s user-friendly design and educational resources make it a strong option for novice traders looking to enter the crypto space safely.
3. Binance – High Liquidity & Copy Trading
Despite not being directly licensed by CySEC, Binance remains highly popular among Cypriot traders due to its vast selection of assets and competitive fees. The exchange complies with MiCA regulations and continues to strengthen its European presence.
With over 270 million registered users globally, Binance offers spot trading, futures with up to 100x leverage, margin trading, NFT marketplace access, and passive income opportunities through Binance Earn.
- Trading Fees: As low as 0.1%
- Supported Cryptocurrencies: 400+
- Euro Deposit Methods: SEPA, cards, Apple Pay, Google Pay
- Key Features: Copy trading, DeFi staking, lending, NFTs
Binance’s comprehensive ecosystem appeals to active traders seeking advanced tools and diverse earning options.
4. Uphold – Ideal for Beginners
Uphold stands out for its transparency and ease of use — ideal for first-time crypto investors in Cyprus. The platform publishes real-time proof of assets and liabilities every 30 seconds, reinforcing trust through open data.
It enables instant conversions between fiat currencies, cryptocurrencies, and precious metals in a single transaction flow. Uphold also frequently lists new tokens early, giving users early access to emerging projects.
- Trading Fees: Spread-based (typically 0.8%–1.2%)
- Supported Assets: 250+ cryptos, 27 fiat currencies, 4 precious metals
- Euro Deposit Methods: SEPA, cards, bank transfer
- Key Features: Recurring buys, staking up to 15% APY, SOC 2 & ISO 27001 certified
Uphold’s focus on simplicity and security makes it a go-to exchange for users prioritizing safety and straightforward onboarding.
5. OKX – Advanced Tools & Web3 Access
OKX is recommended for users interested in DeFi, Web3 applications, and professional-grade trading tools. With over 30 million users across 180+ countries, it delivers deep liquidity and a powerful trading interface.
Cypriot traders benefit from features like spot trading, perpetual and options contracts, integration with TradingView, and access to high-yield DeFi products such as yield farming and crypto lending.
👉 Access next-generation trading tools with ultra-low fees and seamless Web3 wallet integration.
- Trading Fees: Maker: 0.08%, Taker: 0.1%
- Supported Cryptocurrencies: 350+
- Euro Deposit Methods: SEPA, cards, Apple Pay, Google Pay
- Key Features: API trading, OTC desk, Web3 wallet, NFT marketplace
OKX caters well to experienced traders who want more than just basic buying and selling.
6. Gate.io – Largest Selection of Cryptos
Gate.io supports over 3,900 cryptocurrencies, making it one of the most extensive exchanges available to Cypriot users. It offers leveraged trading with up to 125x leverage, futures contracts, margin trading, and innovative features like early access to new blockchain projects.
It also integrates Web3 solutions such as a multi-chain wallet, cross-chain swaps, DeFi staking, airdrops, and an NFT marketplace. Gate Pay and Gate Card allow global crypto spending.
- Trading Fees: Flat 0.2%
- Supported Cryptocurrencies: 3,900+
- Euro Deposit Methods: SEPA, credit/debit cards
- Key Features: High leverage, early project access, low fees
Gate.io is ideal for exploratory traders seeking niche altcoins and cutting-edge blockchain innovations.
Is Crypto Regulated in Cyprus?
Yes. The Cyprus Securities and Exchange Commission (CySEC) regulates Crypto Asset Service Providers (CASPs) under national anti-money laundering laws and EU-wide MiCA regulations.
Existing platforms must transition into full MiCA compliance, while new entrants are required to meet these standards immediately. This ensures uniformity across the EU’s digital asset landscape.
Cyprus' clear regulatory path positions it as an attractive destination for compliant crypto businesses seeking a supportive environment within the EU.
How Does Cyprus Tax Cryptocurrency?
Cyprus offers one of the most favorable tax regimes for crypto investors in Europe:
Individuals: Occasional crypto transactions are treated as capital gains and are generally tax-free. However, frequent trading may be classified as business income:
- Tax rate: 20% on income above €19,500
- Higher tier: 35% on income exceeding €60,000
- Companies: Businesses operating in crypto benefit from Cyprus’ low corporate tax rate of 12.5%
- Capital Gains Exemption: Companies holding crypto as investments are exempt from capital gains tax upon disposal
Additionally, non-domiciled (non-dom) residents enjoy benefits such as no dividend tax and reduced rates on foreign-sourced income — making Cyprus a strategic jurisdiction for long-term crypto wealth planning.
Crypto Adoption Trends in Cyprus
Cryptocurrency usage in Cyprus is growing rapidly:
- Estimated market revenue: ~$909K by 2025
- Active users: ~64,240 (approximately 5% of the population)
- Increasing merchant acceptance across retail and hospitality sectors
Drivers include rising institutional adoption, interest in DeFi protocols, and crypto's role as a hedge against economic volatility.
How to Buy Bitcoin in Cyprus
Follow these steps to securely purchase BTC:
- Choose a Regulated Exchange: Pick a CySEC-compliant platform like Kraken or eToro.
- Create & Verify Your Account: Submit ID (passport or national ID) and proof of address.
- Deposit Euros: Use SEPA transfer, card payment, or digital wallets.
- Buy Bitcoin: Navigate to BTC market pair (e.g., BTC/EUR), enter amount, confirm fees.
- Secure Your Holdings: Transfer BTC to a personal hardware or software wallet for enhanced control.
Frequently Asked Questions (FAQ)
Can foreigners legally trade crypto in Cyprus?
Yes. Foreign residents and non-residents can open accounts on regulated Cypriot exchanges without restrictions. KYC verification is required regardless of nationality.
Is crypto staking taxable in Cyprus?
Staking rewards may be considered taxable income if received regularly as part of a business activity. Occasional staking is typically not taxed under capital gains rules.
Do Cypriot banks support cryptocurrency transactions?
Most banks allow SEPA deposits to licensed exchanges but do not provide direct crypto custody services. Transactions must comply with AML regulations.
Are there specific regulations for crypto wallets in Cyprus?
No specific laws govern personal crypto wallets. However, exchanges and custodians must follow strict AML/KYC guidelines under CySEC oversight.
👉 Start your journey on a secure exchange offering low fees, high yields, and full Web3 access today.
Cyprus offers a balanced mix of regulatory clarity, tax efficiency, and growing adoption — making it an excellent place for both beginner and advanced crypto investors. Whether you prioritize ease of use or advanced functionality, choosing a compliant platform aligned with your goals is key to long-term success.