Italy was one of the earliest adopters of cryptocurrencies, decriminalising it since 2015. There are many Italian cryptocurrency exchanges like Bit2Me. It is completely legal in Italy to purchase cryptos so, many global exchanges offer services to Italian investors. We suggest using a global exchange as Italian ones are still relatively new.

In this guide, we show Italian investors how to buy cryptocurrencies safely and with low fees. Additionally, we will provide a high level overview of the best 5 cryptocurrency exchanges plus where you can find the highest crypto staking yields in Italy.

Table of Contents

Can I legally buy crypto in Italy?

Yes, it is completely legal and safe to purchase cryptocurrencies such as Bitcoin and Ethereum in Italy. However, the Italian government states that cryptocurrencies are not currently considered as legal tender in Italy. This means that Italian businesses are not legally obligated to accept it as payment for goods and services.

In saying that, the number of cryptocurrency investors in Italy has sky-rocketed over the past two years increasing by 15% of the entire countries population. The nation has widely adopted blockchain technology and many Italian financial institutions are now implementing features that are integrated with Web3.

Best Exchanges to Buy Crypto in Italy

If you refer to the list below, you will find a quick overview of the 5 best cryptocurrency investing platforms in Italy. In these short reviews, we highlight each platforms best features. As well as provide a link to a comprehensive review of each crypto exchange, to help you decide which platform will best suit your needs.

  1. eToro - Best Overall Multi-Asset Trading Platform
  2. Bybit - Best Futures Trading and No-KYC Exchange
  3. Binance - Best Selection of Cryptocurrencies
  4. FTX - Best for Institutional & Advanced Traders
  5. Kraken - Second-best No-KYC Exchange

Below you will find a breakdown of each platforms best features plus a link to a detailed review of each exchange covering fees, support, features, assets & security.

#1 eToro - Best Overall Trading Platform
  • 80+¬†Cryptos and 8,000+¬†Assets to buy and sell.
  • 0% trading fees on¬†Stocks and 1% on Cryptos.
  • Fast and Free EUR Deposits for Italian users.
Read our eToro Review. eToro - 78% of retail CFD accounts lose money.
Deposit Methods
Bank Transfer, Debit Card, Credit Card, Skrill, PayPal & Neteller
Visit Site
#2 Bybit - Best for Futures Trading & No-KYC
  • Trade 700+ tokens with 100x Leverage.
  • Lowest Trading Fees globally, starting from 0.1%.
  • Identity Verification not required to use platform.
Read our Bybit Review
Deposit Methods
Bank Transfer, Debit Card, Credit Card, Paxful & Easy Bank
Visit Site
#3 Binance - Best Selection of Tokens
  • Trade 600+ cryptos including meme & alt coins.
  • Largest Cryptocurrency exchange globally.
  • Myriad of features including Staking & NFTs.
Deposit Methods
Bank Transfer, Debit Card, Credit Card & SEPA
Visit Site
#4 FTX - Best Institutional Crypto Exchange
  • Trade 300+ Cryptocurrencies with 20x leverage.
  • Multiple Markets - Crypto, Options & Stocks.
  • FTX Card where users can make purchases with crypto.
Read our FTX Review
Deposit Methods
Bank Transfer, Debit Card, Credit Card & Bank
Visit Site
#5 Kraken - Second-Best No-KYC Exchange
  • 100+ Cryptocurrencies to buy, sell and stake.
  • Cryptocurrency staking on 10 different tokens.
  • Funding & Lending services for cryptocurrencies.
Read our Kraken Review
Deposit Methods
Bank Transfer, Debit Card, Credit Card & SWIFT
Visit Site

How to Safely Buy Cryptocurrencies in Italy

The best and most secure way to buy cryptocurrencies like Ethereum in Italy is through the eToro exchange. On eToro, Italian users can deposit Euros via Bank Transfer, Credit/Debit card, Skrill, PayPal & Neteller. Follow the below steps to get started.

  1. Create an account on eToro and complete your verification.
  2. Tap 'Deposit Funds', choose a method and transfer Euros to your eToro account.
  3. Search for the crypto you want to buy (we use Ethereum as an example).
  4. Input the amount you wish to purchase and select 'Open Trade'.
How to Buy Crypto in Italy.
How to Buy Crypto in Italy.

Are there risks involved in buying Crypto in Italy?

Yes, there are risks involved when investing in any asset online. That is because the price of a token, stock, option or asset can be volatile and is reliant on the market to dictate its price. However, if its security you're worried about such as asset security, eToro is the safest platform in the world to store your assets on.

eToro Europe has been operating for over 15 years and has never once been subjected to a hacking incident or cyber attack. The exchange stores all of its users funds offline in cold storage and all assets are insured by tier 1 banks. Additionally, eToro Europe reports to and is regulated by the CySEC under license number 109/10.

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What is the best Crypto app in Italy

Every cryptocurrency exchange listed in this article offers a mobile application version of its platform. The best cryptocurrency investing mobile app is definitely the Bybit application. Bybit is rated 4.4 stars from 75K reviews on the Google Play store. On the Bybit app users can buy, sell, trade and stake crypto plus buy NFTs, Options and more.

Best Crypto App in Italy - Bybit.
Best Crypto App in Italy - Bybit.

Where can I stake cryptocurrencies?

The best exchange in Italy and globally to stake cryptocurrencies is the Bybit exchange. The platform offers both single and double sided staking with yields (returns) going up to 200%. On Bybit you can choose from 6 different staking options on over 40 cryptocurrencies including Ethereum, Avalanche, Cardano and more.

Stake Crypto in Italy.
Stake Crypto in Italy.

How to Buy Bitcoin with low fees in Italy

This guide outlines the easiest way for Italian investors to buy Bitcoin with low fees. Bybit offers the lowest trading fees in the world starting at a low 0.1%, which can get as low as 0.02% the higher your monthly trading volume is.

Follow the steps below:

  1. Sign up to Bybit with your e-mail address and choose a password.
  2. Go to the 'Buy Crypto' tab and click 'Express'.
  3. Select 'EUR' and 'BTC' as your two assets and pick a deposit method.
  4. Enter the amount of Euros you want to invest and tap 'Buy'.
How to Buy Bitcoin with low fees in Italy.

Do I need to pay taxes on my cryptocurrencies in Italy?

This depends on how much in profits you made in the financial year. If you made under ‚ā¨51,000, you are exempt from paying taxes on your crypto profits. However, if you make over the amount, your profits will be considered earnings and you will need to pay a flat rate of 26% tax. The rules that apply to fiat currencies are the same as crypto.

Additionally, VAT is applicable to cryptocurrencies and an inheritance tax of 4% - 8% of the digital assets value applies for transfers of property during inheritance or by gift.