Bitcoin has proved to be one of the most profitable investments in recent year. Since its inception in 2009, Bitcoin has far outperformed the stock market. This has been the case for the wider crypto industry as well, with coins like Ethereum following a similar trajectory, rising thousands of percent in recent years. The crypto market is currently in a bear market, so now could be a great time to buy in for long-term growth. In this guide we’ll review where to buy Bitcoin in Italy.

If readers don’t want to miss out on this exciting growth opportunity, then read on for the full guide on how to buy Bitcoin in Italy today. This article will cover top trading practices, where to buy Bitcoin in Italy, and the historic price of Bitcoin. Let’s kick off by taking a look at how to invest in Bitcoin in Italy.

How to Buy Bitcoin Italy – Quick Guide

Users can follow the steps below to set up an account quickly and easily with eToro. We will also cover a more in-depth guide later in the article.

✅ Step 1: Open an account with eToro – Visit the eToro website and sign up by entering an email and a password. This will create an eToro account that’s ready for funds to be added to it.

💳Step 2: Deposit – Now that an account has been set up, it requires verification by entering a valid form of government ID. Once these documents have been verified, users can add funds using a variety of payment methods like bank transfer, credit card, and PayPal.

🔎Step 3: Search for Bitcoin – Use the eToro search bar to search for Bitcoin. This will open a drop-down menu of assets matching that name. Click on the official Bitcoin asset to open an order form.

🛒Step 4: Buy – Click on the ‘Trade’ button for BTC. Users can use their deposited funds to open a position in Bitcoin.

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

Where to Buy Bitcoin in Italy

With Bitcoin being the most popular crypto available on the market, it is supported by most brokers. Therefore, deciding which broker to use can be a bit of a hassle. All brokers exhibit different features, fee structures, and ease of use. To save readers the time and effort of researching themselves, this article has compiled a list of the top 6 brokers to buy Bitcoin in Italy. Each has been selected based on lengthy criteria to suit all investment needs.

1. eToro – Best Place to Buy Bitcoin

In our opinion, the best place to buy BTC in Italy is eToro. Since being founded in 2017, it has swelled to support 30 million users in over 140 countries. Setting up an account is easy to do, and it will give users access to a broad range of cryptos, stocks, ETFs, and more. It can therefore be a great choice for beginners looking to build a multi-asset portfolio.

eToro comes equipped with very high levels of safety to protect accounts. Users can therefore rest assured that their funds are in a secure wallet. eToro is also regulated by the FCA in the UK, ASIC, CySEC, and the SEC in the US. This can protect accounts up to £85k in the UK and up to $250k in the US.

etoro trading platform

When using eToro, you can trade up to 2:1 leverage. This means users can borrow up to 100% of their deposited capital to buy assets. This can help magnify returns over long periods. However, it also can lead to steep losses if not used correctly and responsibly. You can also open short positions in Bitcoin if you think the price is going to fall.

eToro is completely commission-free on all of its ETFs, stocks, and shares. Regarding crypto, there is a very low commission of just 1%, along with the bid-ask spreads. This makes eToro a great value for money brokers to trade with. Other costs that users should be aware of are the 0.5% charge across all deposit methods, the $5 withdrawal fee, and the $10 inactivity fee charged after accounts are left inactive for over 12 months.

etoro best platform for crypto buying

Finally, eToro has a bunch of great features to enhance users’ trading experience. For crypto, it offers a ‘Smart Portfolio’, which allocates $500 into a portfolio that is managed by the eToro team to generate high returns. eToro also supports copy and social trading. Copy-trading allows users to copy some of eToro’s best-performing portfolios directly into their own accounts. These can be filtered for variables like risk and asset allocation as required. Social investing allows investors to share posts and other tips to eToro’s 30 million other users.

To get an account set up with eToro, users should click the link below to visit the homepage. From here follow the onscreen instructions to set up an account, deposit funds, and buy Bitcoin in Italy instantly.

Deposit fee 0.5%
Commission 1% + Market Spread
Fee to buy $100 BTC 1% + Market Spread

Pros:

  • 60+ cryptos, 2000 financial assets
  • Highly regulated
  • Copy, social, and smart trading

Cons:

  • Inactivity fee

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

2. Crypto.com – Offers a Wide Selection of Coins

crypto.com logoStill stuck on where to buy Bitcoin in Italy? Our second recommendation is Crypto.com. It has a whopping selection of over 250 cryptos, so users won’t be short on choice! It has grown in popularity since its first release, reaching over 50 million users at current. One thing to consider is that Crypto.com is pretty expensive, charging a 2.99% commission on your trades.

Readers who sign up with this crypto exchange will gain access to its unique staking abilities. This means that users can ‘lock away’ their crypto and earn large sums of interest as a consequence. The way this works is users’ coins are used for processing transactions by Crypto.com, and hence they pay a small fee in interest back to users for helping them provide this service. The current rate for BTC is 6%, although other coins can enjoy interest of up to 14.5%, making it a great passive income choice.

Crypto.com Exchange

If users want to earn cashback in another way, they can do so by holding a physical Crypto.com card. This allows them to buy things using their crypto account in certain supported retailers. By doing this, they can earn up to 8% cashback, which will be deposited back into their accounts automatically in the form of more crypto.

Crypto.com has also just released an NFT integration to their platform. This means that investors can trade some of their favorite NFTs directly from their accounts. This can be a great way to gain access to the high-growth world of NFTs, which can be great for boosting portfolio returns.

Deposit fee Free
Commission 2.99%
Fee to buy $100 BTC $2.99

Pros:

  • Earn crypto interest and cashback
  • 250+ cryptos and altcoins

Cons:

  • High commissions

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

3. Bitstamp – Best Platform for Beginner and Advanced Traders

Bitstamp logoBitstamp is an easy-to-use, highly accessible crypto trading platform created in 2011. If readers are new to crypto trading, then Bitstamp could be a great option. In addition to this, it also offers a more advanced package for seasoned investors who want to conduct a more technical analysis of crypto assets.

Bitstamp gives users access to over 45 different crypto assets, making it a great choice for users who want to build diversified portfolios. However, there are notable big coins missing, such as Solana, Polkadot, and Avalanche. Users should be aware of this point.

bitstamp platform

A real selling point of Bitstamp is that it offers extremely low fees on all of its trading. The fees are calculated based on a 30-day trading volume and are just 0.5% for those trading under $10,00 over a 30-day period. In addition to this, when users trade higher amounts, the fees fall even lower.

The platform is very safe, however, there have been challenges to this safety, most notably in 2015 when hackers stole nearly $5 million in Bitcoin. Whilst this sounds worrying, Bitstamp ensured that no funds were taken from any accounts, and they completely rebuilt the platform after the incident. It hasn’t had any data breaches since.

Deposit fee 0.1%
Commission 0.5% under $10,000 volume
Fee to buy $100 BTC $0.5

Pros:

  • Very low costs
  • Good breadth of coins

Cons:

  • Previous data breach

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

4. Coinbase – The Most Popular Exchange

coinbase logoOur fourth best place to buy Bitcoin in Italy is Coinbase. It is one of the biggest exchanges in the world, sporting over 70 million users. It is also available on IOS, Android, and websites, making it widely accessible to all. It has a super beginner-friendly layout, which makes it one of the best brokers for beginners.

The fee structure of Coinbase varies with each transaction. Transactions of less than $10 will be charged around 10% commission, and transactions of $50 and over can expect a fee of around 5%. There is also a flat market maker charge of 0.5% on each side of a trade. When depositing with a credit and debit card, users will pay a hefty 3.99% commission. These high costs make Coinbase one of the most expensive crypto brokers.

coinbase platform

However, they do provide a heavily secure account, insured by the FDIC, which provides up to $250k deposit insurance should Coinbase default on payments. Users can also enjoy a $2 minimum trade value, which is great for drop-feeding very small amounts into your portfolio. However, we would recommend trading with slightly more capital than this to ensure healthy returns.

Deposit fee 3.99%
Commission 5% over $50
Fee to buy $100 BTC $5

Pros:

  • Super popular
  • Highly secure

Cons:

  • Very expensive

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

5. Binance – Platform Offering Numerous Cryptos

binance logoBinance is also one of the best places to buy Bitcoin in Italy. It offers a whopping 500 crypto pairs for investors, meaning it’s great for accessing altcoins. It is a good choice for both beginner and advanced investors, as it has two interface modes. Binance Basic offers a simple, beginner-friendly interface where users can see the value of their current wallet, alongside their returns. Binance Advanced offers more in-depth analyses of coins and technical indicators, which is great for more active day traders to gauge signals.

binance platform

Fees are pretty standard with Binance, at 0.5% on either side of a trade. However, users should be aware that when depositing with a credit card, they will pay a 4.5% fee. Therefore, it can be a better option to deposit with a method like PayPal – something we will cover how to do later in this article.

Like all of our selected brokers, Binance is very secure. It has some of the best security measures on the market, including encrypted keys, two-factor authentication, and anti-cyber hacking protocols. It also has more in-depth, complex blockchain methods supporting its wallets. Therefore, users can rest assured that their funds are well protected when using Binance.

The platform has also recently released its own dedicated NFT website. Users can buy BNB coins for their wallets and use them to buy NFTs directly from this site. With NFTs exploding in value and popularity over the past 18 months, this can be a great asset to start trading.

Deposit fee 4.5%
Commission 0.5%
Fee to buy $100 BTC $0.5

Pros:

  • 500 crypto pairs
  • NFT integration

Cons:

  • 5% credit card fee

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

6. Kraken

Kraken LogoComing in at number 6 on our list of best places to buy Bitcoin in Italy is Kraken. Kraken was first founded in 2011, giving users access to spot trading, derivatives, and indices. However, since then, it has supported crypto and grown to a healthy 8 million users. It is quick and easy to set up a Kraken account, and you can also download the mobile app.

When using Kraken, users can deposit a minimum of $10, which is a great point to consider for those trading on a budget. Breaking fees down, there is a 0.9% commission fee for all stable coin fees and a 1.5% fee for other coins and FX trades. There is a 4% fee for depositing your payment using a credit card, which is pretty high.

kraken

Kraken also has a dedicated NFT integration, which as explained above can be great for adding high growth to your portfolio if traded correctly.

Deposit fee 4%
Commission 1.5%
Fee to buy $100 BTC $1.5

Pros:

  • $10 minimum deposit
  • NFT integration

Cons:

  • 4% credit card fee

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

7. Bit2me

Bit2me is one of the best places to buy Bitcoin in Italy. Founded in 2014, it has grown to over half a million users and supported over 30 million wallets. Its base fiat currency is the Euro, making it a great place to trade in Italy. It also supports a mobile application, making it widely accessible and great for beginner traders.

The platform itself gives users access to a modest 20 cryptos. Users will incur a fee of around 3% when trading Bitcoin and can only deposit a maximum of 20,000 euros per day. When depositing with a credit card, users will pay another 3% fee and can only deposit a maximum of 5000 euros per day.

All Bitcoin is stored in cold storage when using Bit2me, so users can rest assured that their funds will be safe. In addition to this, the platform is regulated by the recognized governing bodies across Europe, so it is safe to use.

Deposit fee 3%
Commission 3%
Fee to buy $100 BTC 3 euros

Pros:

  • Mobile app support
  • EU regulation

Cons:

  • 3% credit card fee

Should I Buy Bitcoin?

Before considering buying Bitcoin, users should make themselves more aware of what they want out of their investment, as well as research the coin more deeply to find a good entry and desired exit point.

Due to the volatile nature of crypto, users may wish to trade Bitcoin daily, making money on small market moves that the coin makes. This method is pretty time-consuming but can add up in the long term if executed correctly.

Conversely, users may wish to find a suitable entry point into the coin, and take a long position in it, forgetting about their investment and focusing on long-term growth. So it’s important that investors know when to buy Bitcoin. With Bitcoin currently down over 50% from its all-time high, now could be a good time to invest in Bitcoin in Italy if users want to adopt this method.

Benefits of Buying Bitcoin in Italy

After users decide what they want out of their Bitcoin investment, they need to start researching the asset more deeply. Users should always aim to have a high level of interest and expertise in any asset they buy, so research is very important. To get readers started, we have listed some benefits of buying Bitcoin in Italy below:

Crypto proxy

One of the reasons Bitcoin is a great investment in the crypto market is the fact that it’s the market leader. It has the highest market cap, price, and (usually) volume traded and it, therefore, tends to act as a proxy for other altcoins in the market. This gives BTC more stability and can mean that your crypto portfolio is less volatile.

Potential for growth in a bear market

Since its inception in 2013, Bitcoin has risen by over 11,000%. That means a $1000 investment back then would now be worth upwards of $100,000. This kind of growth is not guaranteed again, but at the current price of under $30,000, Bitcoin is down over 50% from its all-time high. This signifies there could be room for more growth in the future.

High liquidity and easy access

With Bitcoin being the market leader, it is available on pretty much every broker that offers crypto. It also has a relatively high level of liquidity, meaning that investors can quickly unload, and buy more crypto for their portfolios.

Decentralized asset

Bitcoin is also a decentralized asset, meaning it isn’t tied to any central platform or authority. While this mount sounds complicated, it basically just means that all transactions are stored on the blockchain, which is accessible by anyone. This makes it super secure and allows all transactions to be traced back to their origin.

Earning passive income

Bitcoin can be staked to earn interest, which is a great point to consider. This entails locking away your crypto for an extended period of time, and it will be used to validate transactions and power the blockchain. Users can enjoy anywhere from 5% to 15% interest, which is a healthy source of passive income for any portfolio.

Ways of Buying Bitcoin in Italy

Investors have several payment options for buying Bitcoin. Two of the popular methods are PayPal and cards.

Buying Bitcoin with PayPal

Buying Bitcoin with PayPal can be a great idea, as it bypasses a lot of the fees incurred when depositing with a debit or credit card. Users simply need to set up a PayPal account or link their existing account to their broker. They can then seamlessly transfer funds over, often at a much lower cost than a bank account. Therefore, it can be a great idea to buy Bitcoin with PayPal.

Buy Bitcoin with a Credit Card or a Debit Card

If users don’t want the hassle of setting up and connecting their PayPal account to a broker, they can just use their credit or debit card. To do this, they need to enter their card details into the deposit section of the broker (the same process as any online payment) and select their desired amount. Once they have deposited, users can buy Bitcoin instantly.

Bitcoin Price

The current price of Bitcoin is around $30,000. This has fallen over 16% over the past month, as the crypto markets are looking bearish at the moment. Year-to-date returns are -38% and the coin is down over 55% from its all-time high of $69,000.

Bitcoin Price Prediction

With Bitcoin being such a volatile asset, it is very hard to accurately predict its price. There are analysts out there who are confident that BTC will rise to the coveted $100,000 mark, and there are also bearish commentators who believe it’s going below $20,000.

There is definitely a big investment case for Bitcoin and its decentralized nature. If the decentralized framework is adopted by the masses in years to come, then evidently the price of Bitcoin would rise. However, whilst some firms are dipping their toes into Bitcoin and crypto more widely, wider financial institutions still seem sceptical about the full-scale use case of the coin.

The best way to trade BTC is to either speculatively buy and sell regularly to try and profit from volatile market movements or take a long position if you are bullish on the future of decentralized assets.

How to Buy Bitcoin Safely in Italy

Although Bitcoin is pretty much a household name, it is still part of a pretty poorly regulated wider market. This makes it very volatile, and it can therefore lead to devastating losses.

To overcome these risks, we recommend only trading with reputable brokers such as the ones listed in the above article. This should avoid the threat of cyber hacking and users losing funds. In addition to this, users should not open excessive speculative positions and avoid using high leverage (unless they are experienced traders). With the crypto industry often experiencing double-digit daily price swings, leveraged positions can lead to devastating losses. The moral of the story is to trade responsibly.

How to Buy Bitcoin in Italy – Tutorial

Now that we have covered all the necessary information, we are going to take a look at how traders can set up an eToro account and buy Bitcoin instantly.

Step 1: Set up an account

The first step is to set up your eToro account. This can be done by visiting the eToro website and entering an email and password. You will have to fill out a short questionnaire at this point too.

Step 2: Verify the account

Before you can add funds, users need to verify their accounts. To do this, they should provide two forms of government ID. These can be a driver’s license and a recent utility bill copy. eToro will aim to have these IDs verified within minutes to finish your account setup process.

Step 3: Deposit funds

Once accounts have been set up, users can deposit funds. This can be done using a variety of payment methods, including debit/credit card, PayPal, bank transfer, Skrill and many more.

etoro deposit

Step 4: Search for Bitcoin

Once your deposit has been received, users are ready to start trading Bitcoin. Type the asset into the search bar. Click the ‘Trade’ button next to the first option.

btc search

Step 5: Buy Bitcoin

Fill out an order form and click ‘Open Trade’ to add the asset to your portfolio.

btc order

How to Sell Bitcoin

If users want to take their profits and sell out of their positions, they can quickly and easily do so with eToro.

Step 1: Navigate to the portfolio

Users should first navigate to their portfolio section where they can see all of their assets. Select Bitcoin to open up a more detailed page about your position.

Step 2: Sell Bitcoin

Click on the ‘Sell’ button and select how much of your position you wish to sell. You can then execute the sale. If users want to pull out their cash from their eToro accounts, then they can do to all of the same payment methods that they used to deposit in the first place.

Conclusion

The crypto market has experienced huge growth in the last few years, with Bitcoin leading the pack. If users want to get in on this action, now could be a great time to add Bitcoin to their portfolios for long-term growth.

If readers want to buy Bitcoin in Italy, then we recommend doing so with eToro. It is quick and easy to set up an account and it’s highly regulated by the FCA and FDIC. It also charges just a 1% commission on all crypto trades and is commission free on all stocks, shares, ETFs, and indices!

Click the link below to get started with your account:

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

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