Crypto’s popularity has spread across Europe and has found a home in Italy. Many Italian investors have used crypto to diversify their portfolios, and more are joining the market every day. Making a good crypto investment means buying through an exchange that offers great features and low costs. 

We searched for the best crypto exchange in Italy to help investors get the most out of their investments.

The Best Crypto Exchanges in Italy for 2022

Searching for the best crypto exchange in Italy resulted in us finding several top picks:

  • eToroOverall Best Crypto Exchange in Italy
  • Crypto.comPopular Exchange with Convenient App
  • BitstampCrypto Exchange Offering Low Fees
  • CoinbaseMost Known Exchange Globally
  • Binance – Offers Numerous Coins and High Staking Returns
  • Kraken – Exchange Offering 24/7 Global Support
  • BitPanda – Popular Exchange Offering Crypto Indices
  • Coinsmart – One-Stop Crypto Exchange

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

The Top Bitcoin Exchanges in Italy Reviewed 

While searching for the best Italian crypto exchange, we compared features, fees, regulations, support and several other aspects and came up with a shortlist. The Italian crypto exchange that impressed us the most was eToro.

1. eToro – Overall Best Crypto Exchange in Italy

Knowing that their investments are safe is extremely important to investors. That’s the reason we were glad to see that eToro offers secure wallet storage. But more importantly, eToro proved that it’s serious about holding itself to the highest ethical and financial standards by seeking regulation by various bodies such as FCA and other international organizations such as CySEC, ASIC, the SEC in the US and FINRA.

Getting started with eToro requires a simple sign-up process, then investors have access to more than 70 cryptos. Funding an account is available through various options such as debit/credit card, bank wire PayPal, Skrill, Neteller, Yandex, Webmoney and several other methods. A minimum deposit of $50 is required, and eToro doesn’t charge a deposit fee.

Beginner traders will find eToro’s platform easy to use since buying and selling cryptos on it requires simple steps. Pro traders can use the platform’s advanced features to enhance their trading strategies. eToro enables traders to try out its platform by downloading the free $100,000 demo account. A convenient mobile app is also available on iOS and Android.

etoro platform

Some of the great features on eToro are Smart Portfolio and CopyTrading. Smart Portfolio enables traders to invest in several cryptocurrencies and build a portfolio. No management fee is applicable to Smart Portfolio, and eToro periodically rebalances it to achieve the best returns. CopyTrading enables traders to copy the trades of professionals. Even better is that it allows traders to exchange ideas and interact, making trading fun and social.

Another reason that eToro is the best Bitcoin exchange in Italy is the fees. Crypto traders are charged 1% to trade. That fee is added to the market price. Withdrawal fees are $5 and inactive traders are charged $10 for inactivity after 12 months.

Number of Cryptos Pricing Structure Bitcoin Fee Minimum Deposit
70+ Fixed 1% $50

Pros

  • Heavily regulated
  • Offers crypto diversification
  • Enables CopyTrading
  • Zero deposit fees

Cons

  • Charges an inactivity fee

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

2. Crypto.com – Popular Exchange with Convenient App

crypto.com logoOne of the top crypto exchanges in Italy is Crypto.com. It offers traders more than 250 cryptocurrencies and has amassed a global following of more than 50 million users. One of the reasons for such a large user base is that Crypto.com offers a convenient platform for beginners and advanced traders. Its app offers the same features available on a desktop, but it’s conveniently designed for a mobile screen.

Traders can fund their accounts via bank wires, ACH, debit/credit cards and crypto wallets. Using a card to trade crypto via the app is available for free for the first month. Then, a 2.99% fee is applicable. The platform requires a minimum deposit of 100 USDC. Depositing cryptos is free, but withdrawals vary depending on the coin. Fees applicable to monthly trading of up to $25,000 is 0.4%. The fees decrease with higher trading volume.

crypto.com

One of the great features Crypto.com offers is staking. That enables investors to lock in their coins with this platform to earn interest. Some of the coins enable investors to earn up to 14.5% per annum. Crypto.com offers 10% returns for stablecoins. Another staking option is CRO, the platform’s native coin. Staking CRO enables investors to earn a 4% annual percentage yield (APY).

Number of Cryptos Pricing Structure Bitcoin Fee Minimum Deposit
250+ Tier-based 0.4% 100 USDC

Pros

  • Low fees
  • Offers staking
  • User-friendly app
  • Zero card deposits for first month

Cons

  • Low APY for CRO staking

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

3. Bitstamp – Crypto Exchange Offering Low Fees

Bitstamp logoBitstamp has been around for 11 years and has grown to become one of the top crypto exchanges in Italy. Investors can choose from 73 cryptocurrencies to trade on the standard platform, which is convenient for beginners. Otherwise, a professional platform is available specifically for experts. This platform offers support 24/7, so investors don’t need to worry about time zones and waiting hours to get help. 

To get started, investors can buy crypto via a card purchase, which incurs a 5% fee. Free deposits are available via SEPA and ACH. An international wire incurs a 0.05% fee, with a minimum of €7.5. Wire withdrawal fees are 0.1%, and a SEPA withdrawal is €3. Traders with a 30-day volume of $10,000 or less will pay 0.5% trading fees. The fees fall to 0.25% once traders exceed that limit.

bitstamp

Bitstamp is one of the few Italian Bitcoin exchanges that offer staking. At the moment, Bitstamp offers staking only for Ethereum and Algorand. Investors can earn up to 4.39% APY for Ethereum and 5% APY for Algorand.

It’s nice to see that Bitstamp is serious about having the interest of its clients’ money. That’s the reason it’s regulated by the Luxembourg Financial Regulator, the Commission de Surveillance du Secteur Financier.  

Number of Cryptos Pricing Structure Bitcoin Fee Minimum Deposit
73 Tier-based 0.5% €7.5

Pros

  • Low minimum deposit
  • Reasonable fees
  • 24/7 Support
  • Free deposit via SEPA

Cons

  • High card fees

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

4. Coinbase – Most Known Exchange Globally

coinbase logoCoinbase is one of the biggest crypto exchanges in Italy. The reason this platform is such a powerhouse is that it established a global presence by catering to beginner and advanced investors. Beginner investors can use the standard platform to buy cryptos easily. Coinbase developed Pro Coinbase, specifically designed for expert traders using advanced tools.

Apart from offering crypto trading, Coinbase enables investors to stake crypto and buy non-fungible tokens (NFTs). The platform offers a 0% for a limited time to create and collect NFTs. Investors can stake Bitcoin and other coins to earn up to 5.75% APY.

coinbase

Italian investors can buy crypto with credit/debit cards and fund their accounts via bank wires, SEPA and Ideal. Cashing out is available through Paypal and Instant Card Cashouts. Apple Pay is available for buying cryptos. An ACH deposit is free, but a SEPA transfer incurs only a 0.15 charge. A USD wire costs $10.

Investors need a minimum deposit of $25 to buy Bitcoin. Coinbase charges the taker 0.6% for trading, and the maker is charged 0.4% up to $10,000. Fees decrease above that 30-day volume. A withdrawal fee through SEPA is only 0.15. Coinbase doesn’t charge traders for having a Coinbase Pro account.

Number of Cryptos Pricing Structure Bitcoin Fee Minimum Deposit
100+ Taker/maker based 0.6% taker, 0.4% maker $25

Pros

  • 0% fees for NFTs for limited time
  • Offers Coinbase Pro for experts
  • Low SEPA deposit fees
  • Affordable trading fees

Cons

  • Low APY for staking

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

5. Binance – Offers Numerous Coins and High Staking Returns

Another candidate for the best cryptocurrency exchanges is Binance. This platform has grown tremendously, with more than 90 million users, 600 cryptos available and one of the highest daily trading volumes.

Funding an account with euros is available via SEPA, P2P Express, Advcash Account Balance and Etana Account Balance. All the methods are for free except SEPA, which incurs a €1 fee. Investors can also fund their accounts via credit cards, which comes with a 1.8% fee. Binance offers one of the lowest trading fees of all the best Italian crypto exchanges—only 0.10%.

binance

Besides offering more than 600 cryptos, Binance also enables investors to earn high interest for staking. Binance offers 112 locked staking coins and 13 DeFi staking coins. The great thing about staking with Binance is that some coins offer more than 100% APY for a 90-day lock-in period. The platform offers lower duration days, but the APY is then also lower.

One of the aspects that Binance has worked on in the last few years is enacting a regulatory framework. The platform is a regulated digital asset service provider in France, and it’s still working on expanding its regulatory reach to other European countries.

Number of Cryptos Pricing Structure Bitcoin Fee Minimum Deposit
600+ Fixed 0.1% €3

Pros

  • Large coin offering
  • High APY for staking
  • Low trading fees
  • Low minimum deposit

Cons

  • Lacks regulations

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

6. Kraken – Exchange Offering 24/7 Support

Kraken LogoGetting started with Kraken is simple as signing up for an account to trade more than 65 cryptocurrencies. Beginners will love this platform because it’s designed specifically for them. It’s easy to use, but traders don’t need to fret since Kraken has provided 24/7 global support. Plus, trading on Kraken’s mobile is so easy because of the convenient platform design.

Funding an account is available via SEPA, Etana Custody and wire transfer. A minimum deposit of €3 is for SEPA deposits, which are free. Traders can use the instant buy option to purchase cryptos with a card. A transaction fee of 2.75% is applicable. Otherwise, Kraken Pro trading chargers takers 0.26% and makers 0.16% up to $50,000 trading volume. 

kraken

Besides offering free crypto guides, videos and podcasts as tutorials, Kraken also enables investors to sign up for its up-and-coming NFT marketplace.

Number of Cryptos Pricing Structure Bitcoin Fee Minimum Deposit
65 Taker/maker based 0.26% taker, 0.16% maker €3

Pros

  • 24/7 support
  • Numerous cryptos available
  • Low trading fees
  • NFT marketplace coming

Cons

  • High card fees

7. BitPanda – Popular Exchange Offering Crypto Indices

bitpandaThe great thing about BitPanda is that it’s specifically made for the European market. The platform has more than 3.5 million users who enjoy knowing that BitPanda is regulated by MiFID II and PSD2, a payment institution. BitPanda is fully compliant with AML5, offering secure storage in offline wallets.

The great thing about BitPanda is that it offers several features for investors. Besides enabling investors to earn interest via staking, this platform also allows diversification by trading crypto indices. BitPanda currently offers 3 indices: BitPanda Crypto Index 5, 10 and 25. Other products available are the BitPanda app and card. 

bitpanda

Investors wanting to trade on BitPanda will incur a taker’s fee of 0.15% and a maker’s fee of 0.10% on BitPanda Pro. Funding an account requires a minimum of €25. Euro deposits are available through SEPA, Skrill, cards, Neteller and Sofort.

Number of Cryptos Pricing Structure Bitcoin Fee Minimum Deposit
60+ Taker/maker based 0.15% taker, 0.10% maker €25

Pros

  • 24/7 support
  • Numerous cryptos available
  • Low trading fees
  • NFT marketplace coming

Cons

  • High card fees

8. Coinsmart – One-Stop Crypto Exchange

coinsmartWhether investors are beginners or advanced, Coinsmart’s platform will benefit them. Coinsmart designed the platform to enable beginners to click a few buttons to place a trade. However, the platform also enabled advanced features to help experts optimize their strategies.

Getting started with Coinsmart is easy because the platform offers various deposit options such as SEPA, bank wire, bank drafts and cards. The first three deposit methods are free, but credit cards incur up to 6% fees. A minimum deposit for SEPA is €50, a bank wire of €10,000, a bank draft of €500 and €100 for credit cards.

coinsmart

Coinsmart offers two trading fees: single trade and double trade. A double trade is when investors trade between two cryptocurrencies that are not Bitcoin e.g. ADA/XRP. A single trade costs 0.20% and a double trade is 0.30%.

This platform offers 24/7 support and is regulated by the Ontario Securities Commission, Canadian Securities Administrators and the Investment Industry Regulatory Organization of Canada.

Number of Cryptos Pricing Structure Bitcoin Fee Minimum Deposit
15+ Single/double trade 0.20% single, 0.30% double trade €50

Pros

  • 24/7 support
  • Heavily regulated
  • Low trading fees
  • Cheap deposit options

Cons

  • High card deposit fees

The Best Italy Crypto Exchanges Compared

The easiest way to determine the best crypto exchange in Italy is by comparing the exchanges in a table to see how they fare against each other.

Number of Cryptos Pricing Structure Bitcoin Buying Fee  Minimum Deposit Payment Methods
eToro 70+ Fixed 1% $50 Cards, wire, Paypal, Skrill, Neteller
Crypto.com 250+ Tier based 0.4% 100 USDC Cards, bank wires and ACH
BitStamp 73 Tier based 0.5% €7.5 SEPA, ACH and bank wire
Coinbase 100+ Taker/maker based 0.6% taker, 0.4% maker $25 Cards, bank wires, SEPA and Ideal
Binance 600+ Fixed 0.1% €3 SEPA, P2P Express, Advcash Account Balance, Etana Account Balance
Kraken 65 Taker/maker based 0.26% taker, 0.16% maker €3 SEPA, Etany and wire transfer
BitPanda 60+ Taker/maker based 0.15% taker, 0.10% maker €25 Cards, SEPA, Skrill, Neteller, Sofort
CoinSmart 15+ Single/double trade 0.20% single, 0.30% double €50  Cards, SEPA, bank wire and bank drafts

How to Choose the Best Italy Cryptocurrency Exchange

Investors need to analyze several features when determining the best crypto exchange in Italy. We’ve listed the most important ones. 

Regulation

Much like the exchanges in other markets, cryptocurrency exchanges need to be regulated. Investors need to feel that a financial board is regulating exchanges and is looking out for their best interests.

As an example, eToro is regulated by several organizations such as FCA, ASIC and FINRA.

Tradable Cryptos 

The cryptocurrency market consists of several thousand coins. It’s unrealistic to expect an exchange to list all of them, but having a broad selection enables investors to buy the desired coin easily. The best Italian crypto exchanges also offer a wide range of digital asset pairings, enabling investors to save on trading fees. 

Sign-up offers

Some of the best Italian crypto exchanges offer rewards or a deposit balance to entice customers to join. Although sign-up offers are a nice gesture, investors shouldn’t expect that to be the norm.

Fees

One of the most important factors investors need to consider is the fees. High fees mean a larger loss position and decreased profits. Exchanges generate most of their revenue from fees, but they shouldn’t be so excessive that it hampers an investor’s returns.

Tools & Features

Beginner traders prefer a simple platform, but expert traders require advanced tools to optimize their trading strategies. That’s the reason a platform such as Coinbase offers a standard platform and Coinbase Pro.

Payment Methods

The more payment options an exchange offers, the easier it is for investors to begin trading. The most common methods an exchange should offer are cards, bank wire and Paypal.

Customer service

Investors execute trades instantaneously, so they might need a prompt response from support when they get stuck. Some exchanges such as Kraken and CoinSmart offer 24/7 global support. 

How to Use an Italian Crypto Exchange 

We found that the best crypto exchange in Italy is eToro. To help investors get started, we provided a step-by-step guide with screenshots.

Step 1: Open an Account

Register for an account by going to eToro.com and completing the quick sign-up process.

etoro platform

Enter personal details, then click ‘Create Account.’ The system will prompt users to verify their emails and mobile numbers. Also, the system requests users to upload their government-issued IDs or passports to be verified.

Step 2: Deposit

After an investor is verified, it’s time to deposit an account. Choose the currency and the amount to be deposited, as well as a preferred payment method.

etoro platform

Step 3: Search for the Desired Crypto

Choose the cryptocurrency to buy. In our example, we searched for Bitcoin, so we typed BTC into the search function.

etoro platform

Click on the desired cryptocurrency when it appears.

Step 4: Buy Crypto

After selecting the desired crypto, enter the amount to be bought, then click ‘Open Trade’.

etoro platform

Are Crypto Exchanges Legal in Italy?

Yes, crypto exchanges are legal in Italy. Under Italian law, cryptocurrencies and foreign currencies are treated similarly. The use, storage and exchange of cryptocurrencies are not prohibited on the best Italian crypto exchanges.

Italian courts disagree that cryptocurrencies should be treated as not being a legal tender. The other disagreement the courts have are over regulations. Despite court disagreements, the Italian Supreme Court views cryptocurrencies as financial instruments.

Crypto Tax in Italy 

Although cryptocurrencies are decentralized, the Italian government has stepped in and provided guidance about how to tax cryptocurrencies.

The government has established a few key regulations:

  • Cryptocurrencies need to be viewed as foreign currencies
  • The same rules apply to cryptos as fiat
  • Individuals arising an income from crypto assets are taxed at a flat rate of 26%
  • Italian residents are exempt from tax on crypto profits not exceeding €51,0002.
  • No Value-Added Tax (VAT) is applicable to cryptos
  • No transfer taxes apply
  • An inheritance tax of 4% to 8% of the asset’s value applies for transfers of property during inheritance or by gift

Conclusion

We scoured the market and found the best crypto exchanges in Italy. The exchange needed to offer several payment options, low fees and be regulated by several bodies.

eToro offers all of those features and more. That’s the reason it’s the best Bitcoin exchange in Italy. It doesn’t charge a deposit fee, provides low trading fees and has designed its platform for beginners and traders. The platform enables investors to diversify their crypto holdings via Smart Portfolio and copy trades of pro traders by using CopyTrading.

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

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