Best Crypto Exchanges in Canary Islands for 2025

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eToro 4.6/5

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

To identify the best crypto exchanges, our experts evaluated factors like trading volume, fee structure, available trading pairs, margin trading, and how securely exchanges protect user funds.

We specifically considered the needs of Canary Islands crypto traders, including local payment methods, regulatory compliance, anti money laundering (AML) practices, and ease of trading cryptocurrency.

User feedback also influenced our rankings significantly.

Each expert assigns a score, which is combined with the results of further research to create a final ranking in order to answer the question: what are the best crypto exchanges in Canary Islands for Canary Islands users? 

Learn more about our panel and how we rate and review platforms. Or read on to find our definitive list of the top crypto exchanges in Canary Islands.

What is the best crypto exchange in Canary Islands?

Our expert rankings reveal that eToro is the top cryptocurrency exchange in Canary Islands.

Below is the list of the best crypto exchanges in Canary Islands, which have excelled in our tests by combining low transaction fees, high security, and ease of use.

4.6

eToro

Min. Deposit $100

Fees 1%

No. assets 3600+

Demo account Yes

Visit site

eToro review

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

4.5

Plus500

Min. Deposit $100

Fees From 2%

No. assets 2800+

Demo account Yes

Visit site

Plus500 review

This information is NOT relevant to EU residents who are to be serviced by EU subsidiaries of the Plus500 Group, such as Plus500CY Ltd, authorized by CySEC (Reg. 250/14). Different regulatory requirements apply in Europe, such as leverage limitations and bonus restrictions.

4.2

Coinbase

Min. Deposit $10

Fees Up to 0.6%

No. assets 150+

Demo account No

Visit site

Coinbase review

Top 7 crypto exchange platforms in Canary Islands, reviewed

1. eToro. Best for beginners, copy-trading & demo-account

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4.5

Ratings

$100

Min. deposit

0% commission

Fees

3,600

No. assets

Yes

Demo account

Overview

We love eToro because it’s a crypto trading platform built with beginners and casual traders in mind. The platform combines an interactive, social trading experience with an easy-to-use interface, making it ideal for novice traders.

The far-reaching catalog of 100 cryptocurrencies includes big names like Bitcoin and Ethereum, as well as smaller crypto tokens with high growth potential. Some supported tokens can be seamlessly transferred to the eToro Money crypto wallet for safekeeping.

One feature we particularly appreciate is the ability to interact with eToro’s 35 million users on any asset, market, or portfolio page. If you find traders whose strategies match your risk tolerance, you can copy their portfolios automatically using eToro’s flagship copy trading functionality. eToro crypto’s Smart Portfolios offer a great entry point into digital currencies, an opportunity to learn and potentially benefit from the expertise of more experienced traders.

If you don’t feel comfortable investing your cash straight away, you can use a free demo account, credited with $100,000 virtual dollars. This offers plenty of opportunities to try out a trading strategy that works for you across the 100 crypto tokens available.

Highlights

No. of tradable assets	3600+
Min. Deposit	$100
ID verification required	Yes
Free demo account	Yes
Supported assets	Stock CFDs, ETF CFDs, Forex CFDs, Index CFDs, Commodity CFDs, NFTs, Crypto
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	ASIC, FCA, CySEC, FinCEN

Fees & Costs

Trading fees	Yes, on certain assets
Inactivity fees	Yes
Rollover/overnight fees	Yes, on CFDs
Withdrawal fees	Yes
Spreads	Yes, on certain assets
Conversion fees	Yes, for non-USD currencies

Pros & Cons

Great for beginners, simple to set up and get started Competitive, industry-leading commissions Popular ‘Copy Portfolios’ function lets you follow top traders Excellent customer service, with live chat support provided

Comparatively high fees for withdrawals and account inactivity Does not integrate with the MetaTrader platform High spreads on some assets

Read review Visit eToro

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Invezz.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

2. Plus500. Best for international trading*

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4.5

Ratings

$100

Min. deposit

From 0.8%

Fees

2,800

No. assets

Yes

Demo account

Overview

We love Plus500 because it is one of the industry’s most transparent and reliable brokers. Its fees are clear and you’ll know exactly what you will be paying before you trade. Its technology driven platform gives access to futures for the two biggest cryptos, Bitcoin and Ethereum. 

Plus500 has something for all types of crypto trader, no matter what level of experience. Its low margin requirements of $20 for Ether and $100 for Bitcoin make it a top choice for day traders. At the same time, its trading academy is packed with educational content, perfect for beginners just starting. 

For accurate instrument availability, visit plus500.com.

The fees: Plus500 charges a commission of $0.49 per Micro contract and $0.89 per Standard contract (per side). There is an Auto-Liquidation fee of $10 per contract. Other exchange fees may be applicable and can be found on the CME group website. 

*Based on a comparison of 60+ leading brokers and trading platforms.

Highlights

No. of tradable assets	2800+
Min. Deposit	$100
ID verification required	Yes
Free demo account	Yes
Supported assets	Stock CFDs, ETF CFDs, Forex CFDs, Crypto CFDs, Index CFDs, Commodity CFDs
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	FSA, ASIC, FMA, FCA, CySEC

Fees & Costs

Trading fees	No
Inactivity fees	Yes
Rollover/overnight fees	Yes
Withdrawal fees	No
Spreads	Yes
Conversion fees	Yes

Pros & Cons

Free demo account for every user Secure broker, licensed by top-tier regulators Wide variety of CFDs to trade Several good risk management tools

No support on trading information and education Website isn’t brilliantly designed to help users find answers to their questions No MetaTrader trading platform compatibility

Read review Visit Plus500

This information is NOT relevant to EU residents who are to be serviced by EU subsidiaries of the Plus500 Group, such as Plus500CY Ltd, authorized by CySEC (Reg. 250/14). Different regulatory requirements apply in Europe, such as leverage limitations and bonus restrictions.

3. Coinbase. Best secure trading platform for all types of trader

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4

Ratings

$10

Min. deposit

Up to 0.6%

Fees

200

No. assets

No

Demo account

Overview

We love Coinbase because it’s the leading public crypto platform. Coinbase offers more than 170 cryptocurrencies to trade, a secure wallet to store your coins in, and automatic staking rewards on 10+ cryptos through Coinbase Earn.

Coinbase’s user-friendly platform simplifies the buying, selling, and trading processes, making it one of the top crypto exchanges for all levels of trader. But, Coinbase isn’t just an easy to use platform, it’s one of the safest and most secure. 

A public company brings transparency and renown, so you can trust that any money on Coinbase is safe and you’re sharing the platform with over 100 million other users. It stores 98% of customer assets offline in cold storage, minimizing the risk of theft. There is also insurance on all cash balances up to $250,000

The fees: Trading fees start from 0.6% but reduce the higher your trading volume. Bank transfer deposits and withdrawals are free, other payment methods may be charged. There is no fee for wallet-to-wallet crypto transactions but you will have to pay blockchain fees. Coinbase charges a 25% fee for its staking services.

Highlights

No. of tradable assets	150+
Min. Deposit	$10
ID verification required	Yes
Free demo account	No
Supported assets	Crypto, NFTs
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	FSA, FCA, NFA

Fees & Costs

Trading fees	Yes
Inactivity fees	No
Rollover/overnight fees	No
Withdrawal fees	Yes
Spreads	Yes
Conversion fees	Yes

Pros & Cons

Simple and easy to use interface Able to buy cryptocurrencies instantly with a credit or debit card Offers great security on its wallet Can use a variety of payment methods

Quite high fees for credit and debit card instant buys Poor customer support

Read review Visit Coinbase

4. Uphold. Best for building long term wealth

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4

Ratings

$1

Min. deposit

$0

Fees

300

No. assets

Yes

Demo account

Overview

We love Uphold because it’s a regulated and transparent digital asset platform. Uphold is an excellent platform for discovering important new tokens early, making it ideal for investors looking to get in on the ground floor of emerging cryptocurrencies. 

Uphold offers a broad selection of coins, with over 250 tokens available catering to both seasoned and novice crypto traders. The platform regularly adds new assets allowing users to invest in promising projects before they gain mainstream attention. 

Uphold isn’t just a platform for investing early. One of the main advantages of using Uphold is its transparent and competitive fee structure. The platform does not charge for deposits or withdrawals, and trading fees are clearly stated. You can also trade between different asset classes including fiat currencies. 

The fees: Crypto spreads start from 0.9% and are usually lower than 1.3% for BTC and ETH. Other cryptocurrency spreads are higher. Average spreads on fiat currency are 0.2%. There is a $0.99 fee for transactions under $100 made with the Uphold card.

Highlights

No. of tradable assets	250+
Min. Deposit	$1
ID verification required	Yes
Free demo account	Yes
Supported assets	Crypto, Commodities,
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	FSA, FinCEN

Fees & Costs

Trading fees	No
Inactivity fees	No
Rollover/overnight fees	Yes
Withdrawal fees	No
Spreads	Yes
Conversion fees	Yes

Pros & Cons

Wide range of cryptocurrencies available Zero deposit and withdrawal fees Crypto wallets to store your coins Low minimum deposits and fast account set up

Spreads can be high for some cryptocurrencies Services vary depending on region Customer support is limited

Read review Visit

Terms Apply. Cryptoassets are highly volatile. Your capital is at risk.

5. XTB: Best for offering global CFD markets to retail traders

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3.5

Ratings

£-

Min. deposit

0.02 pips

Fees

2,200

No. assets

Yes

Demo account

Overview

We love XTB because of its extensive range of international CFD markets, allowing retail traders to buy and sell popular cryptocurrencies at competitive prices. XTB offers 48 of the most popular cryptos via CFDs. 

This broad selection allows you to diversify your portfolio and explore several trading opportunities across different markets. Whether you are interested in the biggest coins like BTC, or altcoins like Dogecoin, XTB’s comprehensive offering means you have the tools and resources needed to trade effectively.

XTB combines beginner-friendly, introductory tools and resources with a scaling system of accounts that allow experienced traders to access high rates of leverage and advanced analytical tools. 

With more than 180 pre-installed indicators and chart types, its bespoke xStation platform allows for intricate analysis, while beginners can access its Trading Central service, where trade ideas, forecasts, and risk analyses are available for anyone to look through.

The fees: XTB’s fees start from 8.1 pips on popular cryptos, such as Bitcoin. Spreads on less liquid assets may be significantly higher.

Highlights

No. of tradable assets	2,200
Min. Deposit	$0
ID verification required	Yes
Free demo account	Yes
Supported assets	Stocks, Crypto, Commodities, , Index prices, ETFs
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	CySEC, FCA, KNF

Fees & Costs

Trading fees	Yes
Inactivity fees	Yes
Rollover/overnight fees	Yes
Withdrawal fees	Yes
Spreads	Yes
Conversion fees	Yes

Pros & Cons

Trade CFDs on thousands of assets Regulated broker Deposit protection for client accounts Good number of educational resources

Doesn’t accept US clients Tradeable assets limited to CFDs and forex pairs

Read review Visit XTB Online Investing

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69-83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

6. Vantage FX: Trade 1,000+ CFDs with a top-tier broker

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4

Ratings

$50

Min. deposit

…

Fees

1,000

No. assets

Yes

Demo account

Overview

We love Vantage because you can trade thousands of CFDs across all the major asset classes, with a broker that’s safe, secure, and well-respected across the industry.

You can link your Vantage account to MT4 or MT5 and start trading with all the power of that software behind you. And it’s a great broker for beginners, with copy trading features and a free demo account available.

Highlights

No. of tradable assets	1000+
Min. Deposit	50
ID verification required	Yes
Free demo account	Yes
Supported assets	Commodity CFDs, ETF CFDs, Forex CFDs, Index CFDs, Stock CFDs, Crypto CFDs
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	ASIC, VFSC, FCA, FSCA, CIMA

Fees & Costs

Trading fees	No
Conversion fees	No
Inactivity fees	No
Rollover/overnight fees	Yes
Spreads	Yes
Withdrawal fees	No*

There are no fees for withdrawals, except for international bank transfers which incur a fee of $20 in your account’s base currency.

Pros & Cons

Low fees Simple and fast account opening in just under 5 minutes A wide variety of payment options Has up to 14 different liquidity partners

Not available in the US, Canada, and several other countries EU clients have restricted leverage of only up to 1:20 Limited tradable assets compared to other brokers

Read review Visit Vantage Markets

7. OKX. Best for futures and margin trading

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4

Ratings

£-

Min. deposit

…

Fees

–

No. assets

No

Demo account

Overview

We love OKX because it’s an adaptable and flexible exchange, with an app that’s available in three different versions depending on how you trade. Choose from the beginner-friendly Lite version, Web3 option for NFT traders, or the Pro version for a plethora of trading tools. 

From an app or desktop you can trade 350+ crypto coins on one of the world’s top crypto exchanges. You can fund your account easily, through a variety of simple payment methods, and a sliding scale of fees that means you can access discounts by holding the OKB token or trading high volumes.

The fees: Regular users pay a 0.1% fee on spot crypto trades. OKB crypto holders are entitled to a discount, up to 0.02% off for holding more than 2,000 coins. High volume traders are also entitled to a discount, with the cheapest fees available for traders with a 30 day trading volume above $10,000,000,000.

Highlights

No. of tradable assets
Min. Deposit
ID verification required	No
Free demo account	No
Supported assets
Mobile trading app	No
Web trading platform	No
Regulatory bodies

Pros & Cons

Stake ETH to freely mint NFTs & win big prizes 350+ cryptocurrencies & NFTs available across 650+ trading pairs Crypto spot & derivative markets available Pay using hundreds of local payment methods

Not available in the US Lack of fiat withdrawal options

Read review Visit OKX

What do I need to buy Bitcoin and other crypto in Canary Islands?

As long as you have a phone or an internet connection, you can invest in Bitcoins in Canary Islands.

However, to make your experience as quick and seamless as possible, these are the things you need to get started.

• A crypto exchange account. Sign up to an exchange supporting local payment methods.
• A way to pay. Many people in Canary Islands buy Bitcoin with a bank account or card payment. You can also buy crypto with PayPal or another e-wallet.
• Copy of your photo ID. You usually have to provide ID when you’re buying Bitcoin in Canary Islands. Canary Islands crypto exchanges ask for ID verification in order to comply with KYC (Know Your Customer) regulations, which are in place to prevent fraud. If you’d like to invest in crypto anonymously, we also list the best no-KYC cryptocurrency exchanges available.
• A personal crypto wallet (optional). Store your Bitcoin and other crypto holdings securely using wallets that protect private keys, such as multi signature wallets with two factor authentication.

It is possible to buy cryptocurrency in Canary Islands without providing ID through a P2P crypto exchange, but these are a bit less secure and more challenging to use.

We suggest that only experienced crypto investors go down this path. Most people, on most exchanges, need to provide some form of ID.

How to buy crypto on the best cryptocurrency exchange app in Canary Islands

Follow this short guide to learn how to buy Bitcoin in Canary Islands.

This method is simple and is the same process whether you want to buy and sell Bitcoin or whether you prefer to trade crypto instead. 

What is the best cryptocurrency wallet in Canary Islands?

Wallets are private and unregulated, so they are available everywhere, to everyone, rather than being restricted according to where you live.

MetaMask and Trust Wallet are a couple of the best crypto wallets, and they are available all over the world. 

However, there’s a trend towards crypto services operating as all-in-one platforms, where you can use one account that acts as both your exchange and wallet.

The best option for most beginners is to sign up for a service like Binance or OKX, where you can buy crypto on the exchange and then store it on the same platform.

How to choose the best Canary Islands crypto app

When choosing a crypto exchange, consider trading volume, available trading pairs, local payment methods, fee structure, regulatory licenses, and security measures.

Professional traders might also focus on margin trading, futures trading, and advanced crypto service providers that facilitate trading cryptocurrency securely and efficiently.

Here’s some advice on how to find the best way to buy crypto in Canary Islands.

1. How much does the exchange charge to trade?

There can be a big difference in the trading fees charged by each Canary Islands based crypto exchange.

While all exchanges generally offer low-cost cryptocurrency trading, what they charge may vary widely.

Taking the time to compare them can save you money. Below is a summary of the different types of fees crypto exchanges in Canary Islands charge.

Trading fees are usually charged as a percentage of the trade.

The best crypto exchange in Canary Islands with low fees will charge 1% or less of the trade amount. Some services charge a lot higher.

Here’s a look at the specific trading fees each of the top Canary Islands crypto trading platforms charge.

You may also have to pay deposit and withdrawal fees. You rarely have to pay for depositing fiat currency via a bank account or credit or debit card, but you may be charged a flat withdrawal fee.

There’s often a significant charge for withdrawals made in digital currency.

2. How does the exchange store customer funds?

Choose crypto exchanges that securely store crypto holdings, ideally in offline wallets.

Regulatory compliance and holding valid regulatory licenses are essential.

Exchanges should follow AML laws, protect private keys with multi-signature wallets, and offer two-factor authentication to safeguard your digital assets.

Here are the top Canary Islands crypto exchanges and the financial bodies that regulate them around the world.

In addition to the regulation, you want to pick a reputable exchange that stores its customers’ funds safely.

The best Bitcoin exchanges in Canary Islands should store your funds in segregated accounts and, ideally, in cold storage (offline).

Choosing a Canary Islands crypto exchange that has been audited by a reputable accountancy firm can give you extra peace of mind.

3. Is the platform easy to use?

A good user experience means more than being able to navigate around the website with ease.

Think about how you plan to trade: are you going to trade from your phone? How are you going to manage your crypto portfolio?

Are you after particular analysis tools, charts, or software integrations?

For new users, the focus should be on educational tools, like a demo account, trading tutorials, and walkthrough guides.

Here’s a comparison of the resources available from each top Canary Islands exchange.

For more advanced crypto investors, your focus might be on the additional trading tools on offer.

These tools can be things like adjustable charts that you can use to track specific technical indicators or identify patterns, or they might be more analysis-based, making it easier to assess the state of the crypto market as a whole.

Armed with that information, you can start to narrow down your shortlist by considering if the exchange suits you.

For instance, if you plan to do a lot of trading on the go, then you should focus on the platform that offers the best crypto app in Canary Islands.

4. What is the account verification process?

When you create an account, you’ll often be asked to supply some personal details and a form of ID to verify your identity.

It’s normally a prerequisite for any crypto exchange to be regulated in Canary Islands.

It’s a good idea to check what the verification process is before you sign up.

That way, you can have the relevant documents to hand to create a seamless sign-up process.

Or, if you want to avoid supplying personal details, you can filter out the crypto exchanges in Canary Islands that demand verification in order to use them.

5. How many cryptocurrencies are available?

You can buy Bitcoin in Canary Islands through any cryptocurrency exchange, but beyond that the number of available coins can vary.

If you want to trade altcoins, look for a Canary Islands crypto exchange that offers a large number of coins and ‘crosses’, where you can swap from one crypto to another. 

6. Which currencies can you deposit?

For most people, a crypto exchange in Canary Islands is a means to transfer local fiat currencies into cryptocurrency.

However, lots of crypto exchanges in Canary Islands only accept US dollar deposits, which can be an issue if that is not your primary currency.

If you don’t have access to US Dollars, then it might be best to choose a large exchange like Binance or a local exchange that’s specifically designed for crypto traders in Canary Islands. 

7. Which payment methods are accepted?

If you want to fund an account with the best Canary Islands crypto exchange using bank transfers or debit card payments, then most Canary Islands crypto exchanges accept deposits from bank accounts and you don’t need to worry.

A cryptocurrency exchange in Canary Islands is less likely to accept alternative payment methods, like PayPal and other e-wallet services.

The larger ones, such as Binance, do accept a wide variety of payment methods, but it’s still a good idea to check whether you can pay how you want before signing up.

8. Does it offer additional features, like staking or lending?

Many exchanges offer extra services beyond basic trading, including staking your crypto holdings, lending digital assets, futures trading, and NFT trading.

f you’re interested in these features, look for exchanges specifically providing them.

9. What’s the customer service like?

Reliable crypto service providers offer strong customer support via live chat, email, or messaging apps.

Always check reviews from fellow crypto traders to understand the responsiveness, trustworthiness, and quality of support offered by each exchange.

What type of Canary Islands crypto exchanges are there?

Most crypto investors use a centralized, global exchange like Binance or Coinbase.

But cryptocurrency exchanges in Canary Islands come in different forms. Here is a breakdown of the most common types:

• Centralized. In a centralized exchange, there is an authority – in this case, a company – that operates the service. You create an account and deposit money, and the funds are held by the entity in the middle. When you make trades, they go through the central authority. The biggest crypto exchange, Binance, is an example of this type of platform.
• Decentralized. On decentralized exchanges, there is no central authority. Instead, buyers and sellers deal with each other directly, and the crypto trading platforms are just the mechanism for connecting them. You can’t create an account, and the crypto is sent from one wallet to another when a transaction takes place.
• Peer-to-peer (P2P). A peer-to-peer crypto exchange operates like a decentralized exchange, but there’s still a central body that acts as the intermediary. Each side in a transaction makes the payment, and the central body releases the funds as soon as both sides have sent money.

Can I buy traditional financial assets on a crypto exchange in Canary Islands?

On some platforms, you can, but a better option is to sign up for a dedicated service that offers the specific assets you want to trade.

The best trading platforms in the Canary Islands allows you to buy and sell stocks, while the best forex brokers in the Canary Islands is best for currency trading.

The best forex brokers in the Canary Islands offers a mixture of all these assets.

Tax laws and capital gains in Canary Islands

Understanding Canary Islands‘s crypto-related tax laws is crucial.

Crypto traders may need to report capital gains from digital assets.

Choose exchanges or crypto service providers that help streamline tax reporting or clearly outline regulatory compliance requirements.

Which crypto exchange in Canary Islands has the best user reviews?

We surveyed our Canary Islands users to find out which crypto exchange provided the best service to everyday people, just like you.

Below we’ve summarized their findings, with each exchange ranked out of five.

To summarize

To trade cryptocurrency effectively in Canary Islands, select exchanges offering competitive trading volume, clear fee structures, strong regulatory licenses, and robust AML compliance.

Prioritize platforms that securely protect user funds and private keys with features like multi signature wallets and two factor authentication.

Whether you’re interested in basic crypto trading, margin trading, futures trading, or NFT trading, use this guide to find the best crypto exchanges in Canary Islands that match your needs.

FAQs