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Top 7 Best Crypto Exchanges to Buy Bitcoin in Cyprus for 2025
In this guide
- 1. Top 7 Best Crypto Exchanges to Buy Bitcoin in Cyprus for 2025
- 2. What is the best crypto exchange Cyprus in 2025?
- 3. Top 7 best Cyprus based crypto exchanges & apps, reviewed
- 4. What do I need to buy Bitcoin in Cyprus?
- 5. How to buy crypto on the best Bitcoin broker in Cyprus
- 6. What is the best Bitcoin wallet in Cyprus?
- 7. How to choose the best Cyprus crypto app
- 8. What type of Cypriot crypto exchanges are there?
- 9. Which crypto exchange in Cyprus has the best user reviews?
- 10. To summarise
- 11. FAQs
To create this list our expert panel performs a series of tests to identify the strengths and weaknesses of the best cryptocurrency exchanges. The tests include creating an account, placing trades, and transferring money to a secure crypto wallet.
We then research the specific needs of Cypriot users, such as which payment methods are available, which currencies you can deposit, and the trading fees for buying Bitcoin in Cyprus, and surveyed those users to find out what they think about each service.
Each expert assigns a score, which is combined with the results of the further research to create a final ranking in order to answer the question: what are the best crypto exchanges in Cyprus for Cypriot users?
Learn more about our panel and how we rate and review platforms. Or read on to find out what is the best Cyprus crypto exchange.
What is the best crypto exchange Cyprus in 2025?
Copy link to sectionOur expert rankings reveal that eToro is the best cryptocurrency exchange in Cyprus.
The list below shows the three best Cyprus crypto exchanges that excelled in our tests, by combining low transaction fees, high security, and ease of use.
51% of retail CFD accounts lose money. Your capital is at risk.
Top 7 best Cyprus based crypto exchanges & apps, reviewed
Copy link to sectionWe found 28 crypto platforms for users based in
1. eToro. Best for beginners, copy-trading & demo-account
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Overview
We love eToro because it’s a 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 more than 5,500 stocks and ETFs includes big names like Apple and Tesla, as well as smaller companies with high growth potential. You can start trading with as little as $10 using fractional shares if you’re on a tight budget.
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. This is a great way 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 stocks, crypto, and options trading markets.
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, Crypto CFDs, Index CFDs, Commodity CFDs, NFTs |
| 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
eToro offers real assets only, no CFD products. eToro securities trading offered by eToro USA Securities, Inc. (‘the BD”), member of FINRA and SIPC. 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 BD.
2. Bitpanda: Best for fractional & small scale investing
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Overview
We love Bitpanda because it’s an all-in-one investment platform. BitPanda offers 250+ assets, including hundreds of stocks and exchange traded funds.
Bitpanda’s fractional shares option is one of its standout features, especially to new investors, or those with limited capital. With fractional shares, you can purchase small portions of expensive stocks allowing the flexibility to start investing with small amounts (€1 minimum) and gradually build your investment portfolio.
Small-scale investing is just one of Bitpandas best features. It also offers a user-friendly interface that simplifies the investment process. Its transparent fee structure means you’ll be fully aware of any costs before making a trade. There’s also a wealth of educational resources making it an excellent choice for investors wanting to learn more.
The fees: Bitpanda’s fees are easy to understand. All fees are included in the spread, so you won’t be charged a commission on your trades. A premium of 1.5% is included as part of the buy and sell price of each asset.
Highlights
| No. of tradable assets | 3000+ |
| Min. Deposit | €25 |
| ID verification required | Yes |
| Free demo account | No |
| Supported assets | Stocks, Crypto, Commodities, ETFs |
| Mobile trading app | Yes |
| Web trading platform | Yes |
| Regulatory bodies | FMA, MiFID II, BaFin, VASP, PSD2, EMI |
Fees & Costs
| Trading fees | Yes |
| Inactivity fees | No |
| Rollover/overnight fees | Yes |
| Withdrawal fees | Depending on method |
| Spreads | Yes |
| Conversion fees | Yes |
Pros & Cons
3. Uphold. Best for building long term wealth
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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
Terms Apply. Cryptoassets are highly volatile. Your capital is at risk.
4. AvaTrade. Best regulated broker for secure trading
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Overview
We love AvaTrade because it is a reliable CFD broker, that gives users access to a wide range of markets. As a CFD broker, AvaTrade lets you speculate on the price movements of various crypto markets without owning the underlying assets. AvaTrade is a multi asset brokerage firm and includes CFDs on many of the biggest cryptos including Bitcoin, Ethereum, Dogecoin, and more.
AvaTrade is also highly regarded for its strong regulatory framework and commitment to security. AvaTrade is regulated in multiple jurisdictions, including Europe, Australia, Japan, South Africa, and the British Virgin Islands, which means it must adhere to stringent regulatory standards across the world.
AvaTrade isn’t just well regulated, it also employs advanced security measures to protect client funds and personal information, including segregated accounts and robust encryption technology.
The fees: There is no commission on any trading. AvaTrade makes money from the Bid/Ask spread instead. Crypto spreads start from 0.13%. Positions left overnight are charged a swap fee that varies depending on size. An inactivity fee of £/€/$50 per month is applicable if you don’t log in to your account for three consecutive months.
Highlights
| No. of tradable assets | 1250+ |
| Min. Deposit | $100 |
| ID verification required | Yes |
| Free demo account | Yes |
| Supported assets | Stocks, Stock CFDs, ETF CFDs, Forex CFDs, Crypto CFDs, Commodity CFDs, Index CFDs |
| Mobile trading app | Yes |
| Web trading platform | Yes |
| Regulatory bodies | FSCA, FSA, ASIC, CBI, MiFID, CySEC, BVIFSC, FRSA |
Fees & Costs
| Trading fees | No |
| Inactivity fees | Yes |
| Rollover/overnight fees | Yes |
| Withdrawal fees | No |
| Spreads | Yes |
| Conversion fees | No |
Pros & Cons
5. KuCoin. Best social trading altcoin exchange
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Overview
We love KuCoin because it’s a great place for beginners to trade more than 700 altcoins. Kucoin offers a vast range of cryptocurrencies including all the big names like Bitcoin and Ethereum, together with hundreds of altcoins and newly released tokens.
The exchange gives you multiple ways to trade and invest in crypto, including spot trading, futures trading, margin trading, and staking. This choice allows you to choose the method that best suits your trading strategies and risk tolerance.
Kucoin is a top platform for both beginners and experienced traders. Its intuitive interface is easy to get to grips with and its advanced trading features mean even high volume traders can make use of it. Kucoin also offers an earn feature, where you can generate passive income through staking and lending, making it one of the best all round crypto exchanges.
The fees: Trading fees are charged on a sliding scale. Fees are 0.1% on trading volumes below 50 BTC in a 30 day period. Discounts are available if you pay fees in KCS or store more than 1000 KCS in your account.
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
6. XTB: Best for offering global CFD markets to retail traders
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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
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76-83% 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.
7. FP Markets. Best for low spread & 0-pip trading
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Overview
We love FP Markets because it uses cutting-edge technology to ensure all crypto trades are executed at lightning fast speed. It’s an award-winning broker and offers 11 CFDs on digital assets, including Bitcoin, Ethereum, and Dogecoin. All of its crypto CFDs are traded against the USD.
FP Markets has zero restrictions and allows all trading styles, including scalping and running expert advisors. It integrates with the popular MetaTrader 4 platform and has its own technology-driven charting package. For beginners, FP Markets offers a free copy trading service where you can mirror profitable users’ trades directly in your own account.
The fees: FP Market makes its money from the Bid/Ask spread and charges zero commissions for any crypto CFD trades. Its spreads are variable however the average for BTC/USD is 10.1089.
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
What do I need to buy Bitcoin in Cyprus?
Copy link to sectionAs long as you have a phone or an internet connection you can invest in Bitcoins in Cyprus. However, to make your experience as quick and seamless as possible, these are the things you need to get started.
- A crypto exchange account. Choose a crypto exchange and set up an account in advance. Then you’re primed to invest in Bitcoin when the price reaches a level you’re happy with.
- A way to pay. Many people in Cyprus buy Bitcoin with a bank account or card payment. You can also buy crypto with PayPal or another e-wallet. Make sure you have the details of the account you want to use, whether that’s your credit card, PayPal, or a different service.
- Copy of your photo ID. You usually have to provide ID when you’re buying Bitcoin in Cyprus. Cypriot crypto brokers ask for ID verification in order to comply with KYC (Know Your Customer) regulations, which are in place to prevent fraud.
- A personal crypto wallet (optional). Once you’ve purchased your Bitcoin, you can choose to either leave it on the exchange or move it to a personal crypto wallet for extra security. To save time, set up a wallet on a popular wallet like MetaMask in advance.
It is possible to buy cryptocurrency in Cyprus without providing ID through a P2P exchange, but these are a bit less secure and more challenging to use, so we suggest 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 Bitcoin broker in Cyprus
Copy link to sectionFollow this short guide to learn how to buy Bitcoin in Cyprus. 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.
Step 1. Sign up to eToro
Copy link to sectionWe recommend eToro as the best crypto exchange in Cyprus for Cypriot users.
Step 2. Create an account
Copy link to sectionYou need to supply some personal contact details, such as your name and email address, in order to set up an account. Many Cypriot crypto exchanges require a form of photo ID as verification before you can use your account to buy cryptocurrency in Cyprus.
Step 3. Deposit funds in your chosen currency
Copy link to sectionGo to the bank or deposit section of your crypto trading platform account. Here, you can enter the amount you wish to deposit, choose your preferred payment method, such as a bank account, credit or debit cards, and transfer the money you want to use to buy crypto onto the exchange.
Step 4. Search your favourite crypto
Copy link to sectionYou purchase Bitcoin and other cryptocurrencies by first typing the coin name or symbol into the search box. For example, to buy crypto online, search for the symbol, BTC. Then you enter the details of the trade.
Step 5. Buy cryptocurrency in Cyprus
Copy link to sectionFinally, to buy Bitcoin or any other crypto asset, hit the ‘buy’ or ‘trade’ button. Fill in how much cryptocurrency you want to buy, and execute the trade.
Step 6. Transfer your cryptocurrency to a crypto wallet (optional)
Copy link to sectionYour crypto assets will show up in your exchange wallet once the trade goes through. You can leave them there, or you can move them to a dedicated crypto wallet.
With a wallet, you have more control over your money, but it’s a bit more inconvenient if you plan on trading regularly. You can learn more about how to find the best Bitcoin wallet in Cyprus below.
What is the best Bitcoin wallet in Cyprus?
Copy link to sectionWallets 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 Cyprus crypto app
Copy link to sectionChoosing where to buy Bitcoin in Cyprus is important, and the right Cypriot crypto platform can save you a lot of time, stress, and money. Things like the exchange fees, storage facilities, and range of altcoins available should all impact your choice.
Here’s some advice on how to find the best way to buy crypto in Cyprus.
1. How much does the exchange charge to trade?
Copy link to sectionThere can be a big difference in the trading fees charged by each Cyprus 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 Cyprus charge.
| Fee | Plus500 fees | eToro fees | Bitpanda fees |
|---|---|---|---|
| Trading fees | No | Yes, on certain assets | Yes |
| Inactivity fees | Yes | Yes | No |
| Rollover/overnight fees | Yes | Yes, on CFDs | Yes |
| Withdrawal fees | No | Yes | Depending on method |
| Spreads | Yes | Yes, on certain assets | Yes |
| Conversion fees | Yes | Yes, for non-USD currencies | Yes |
| View more > | Plus500 > | eToro > | Bitpanda > |
Trading fees are usually charged as a percentage of the trade. The best crypto exchange in Cyprus 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 Cypriot crypto trading platforms charge.
| Asset | Plus500 fees | eToro fees | Bitpanda fees |
|---|---|---|---|
| Crypto | From 2% | 1% | – |
| Commodities | From 0.04% | From 2 pips | – |
| From 0.8% | – | – | |
| Index prices | From 0.7% | From 0.75 pts | – |
| Stocks | From 0.08% | 0% commission | – |
| View more > | Plus500 > | eToro > | Bitpanda > |
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?
Copy link to sectionCrypto exchanges are available widely, but the important question is whether they are regulated in Cyprus. The Cyprus Securities and Exchange Commission (CySEC) is the financial body that decides whether crypto exchanges in Cyprus have a license to operate, and decides what type of crypto assets are permitted in Cyprus.
It’s the regulation that provides protection in the event that something happens to the exchange and you lose the money you hold on there. Crypto regulation varies around the world, and in many cases crypto platforms are based outside of Cyprus and licensed to operate internationally by their local regulator. Here are the top Cypriot crypto exchanges and the financial bodies that regulate them around the world.
| Region | Plus500 regulators | eToro regulators | Bitpanda regulators |
|---|---|---|---|
| Africa | FSA | – | – |
| Asia | – | – | – |
| Australasia | ASIC, FMA | ASIC | – |
| Europe | FCA, CySEC | FCA, CySEC | FMA, MiFID II, BaFin, VASP, PSD2, EMI |
| International | – | – | – |
| North America | – | FinCEN | – |
| South America | – | – | – |
| View more > | Plus500 > | eToro > | Bitpanda > |
In addition to the regulation, you want to pick a reputable exchange that stores its customers’ funds safely. The best Bitcoin exchanges in Cyprus should store your funds in segregated accounts and, ideally, in cold storage (offline). Choosing a Cyprus 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?
Copy link to sectionA 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 Cypriot exchange.
| Educational resource | Plus500 resources | eToro resources | Bitpanda resources |
|---|---|---|---|
| Demo/virtual account | Yes | Yes | No |
| Video tutorials/webinars | Yes | Yes | Yes |
| Walkthrough guides | Yes | Yes | Yes |
| Copy trading | No | Yes | No |
| Trading academy | Yes | Yes | Yes |
| View more > | Plus500 > | eToro > | Bitpanda > |
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 it might be more analysis based, making it easier to assess the state of the crypto market as a whole.
| Trading tool | Plus500 tools | eToro tools | Bitpanda tools |
|---|---|---|---|
| Charts | Yes | Yes | Yes |
| News feeds | Yes | Yes | No |
| Analyst recommendations | Yes | Yes | No |
| Fundamental analysis | Yes | No | Yes |
| Financial calendar | Yes | Yes | No |
| MetaTrader integration | No | No | No |
| View more > | Plus500 > | eToro > | Bitpanda > |
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 Cyprus.
4. What is the account verification process?
Copy link to sectionWhen 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 Cyprus.
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 Cyprus that demand verification in order to use them.
5. How many cryptocurrencies are available?
Copy link to sectionYou can buy Bitcoin in Cyprus through any cryptocurrency exchange, but beyond that the number of available coins can vary. If you want to trade altcoins, look for a Cyprus 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?
Copy link to sectionFor most people, a crypto exchange in Cyprus is a means to transfer local fiat currencies into cryptocurrency. However, lots of crypto exchanges in Cyprus 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 Cyprus.
7. Which payment methods are accepted?
Copy link to sectionDecide how you want to pay for your crypto. If you want to fund an account with the best Cyprus crypto exchange using bank transfers or debit card payments, then most Cypriot crypto exchanges accept deposits from bank accounts and you don’t need to worry.
A cryptocurrency exchange in Cyprus 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?
Copy link to sectionThink about what you might want to use the exchange for and use that to influence your decision. Do you want to store or stake your coins? Lend them to earn interest, or borrow crypto yourself?
You can buy crypto in Cyprus through any Cyprus based crypto exchange that’s regulated, but not all platforms offer all these services. You may be happy to juggle multiple logins and use different exchanges, but it’s normally easier to use one service, at least to start with.
9. What’s the customer service like?
Copy link to sectionOne final point to consider is how the exchange deals with its customers and how well it responds to any queries you may have. One way to judge this is by assessing how easy it is to contact them. An extensive help centre or FAQ section is useful, but you should also consider whether there’s a live chat feature or another convenient way to speak to customer support, such as WhatsApp or Telegram.
| Support type | Plus500 customer support | eToro customer support | Bitpanda customer support |
|---|---|---|---|
| Help Centre/FAQs | Yes | Yes | Yes |
| Yes | Yes | Yes | |
| Live chat | Yes | Yes | Only for Bitpanda Club members |
| Yes | Platinum, Platinum+, and Diamond members only | No | |
| Telephone | No | No | No |
| View more > | Plus500 > | eToro > | Bitpanda > |
Another way to judge how well an exchange treats its customers is to read what those customers have to say about them. There are many third-party review platforms where regular users can rate the service. Use their feedback to help you judge whether a Cypriot crypto exchange is for you.
| Review source | Plus500 rating | eToro rating | Bitpanda rating |
|---|---|---|---|
| Trustpilot | 4 | 4.4 | – |
| Google Play Store | 4.3 | 4.1 | – |
| App Store | 4.1 | 3.8 | – |
| View more > | Plus500 > | eToro > | Bitpanda > |
What type of Cypriot crypto exchanges are there?
Copy link to sectionMost crypto investors use a centralised, global exchange, like Binance or Coinbase. But cryptocurrency exchanges in Cyprus come in different forms. Here is a breakdown of the most common types:
- Centralised. In a centralised 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.
- Decentralised. On decentralised 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, the crypto is sent from one wallet to another when a transaction takes place
- Peer-to-peer (P2P). A peer-to-peer exchange operates like a decentralised 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 Cyprus?
Copy link to sectionOn 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 allow you to buy and sell stocks, while the best forex brokers in Cyprus is best for currency trading. The best cfd brokers in Cyprus offer a mixture of all these assets.
Which crypto exchange in Cyprus has the best user reviews?
Copy link to sectionWe surveyed our Cypriot users to find out which crypto exchange provided the best service to everyday people, just like you. Below we’ve summarised their findings, with each exchange ranked out of five.
| Review source | Plus500 rating | eToro rating | Bitpanda rating |
|---|---|---|---|
| Trustpilot | 4 | 4.4 | – |
| Google Play Store | 4.3 | 4.1 | – |
| App Store | 4.1 | 3.8 | – |
| View more > | Plus500 > | eToro > | Bitpanda > |
To summarise
Copy link to sectionTo invest in cryptocurrency in Cyprus, whether that’s Bitcoin, Ethereum, or something else, you need to sign up to a crypto exchange or app. Preferably one that’s regulated in Cyprus by the Cyprus Securities and Exchange Commission (CySEC), so that your funds are protected online.
This guide explains how to buy cryptocurrency in Cyprus using a top crypto exchange in a simple, straightforward way. You can invest in Bitcoin as a means to find a long term store of value or short term speculation. Consider which approach you want to take when choosing the best app to purchase Bitcoin in Cyprus, then choose a low-cost, intuitive platform to start your crypto journey.