Summary: Belgium has seen a significant rise in interest in Bitcoin, stablecoins, and various other cryptocurrencies, driven by the emergence of reliable exchanges adhering to the guidelines set by Belgium's Financial Services and Markets Authority (FSMA). They feature simple sign-up procedures and a diverse range of trading possibilities. These platforms strictly comply with Belgian financial regulations, ensuring a secure trading environment.

Our detailed examination showcases the top 5 cryptocurrency platforms in Belgium. Each is marked by its adherence to security and regulatory standards, diversity of supported digital assets, transparent pricing structures, customer support, and distinctive features.

  1. Bybit (Best Overall Exchange in Belgium)
  2. Kraken (Best for Security and Regulation)
  3. Bitpanda (Best Multi-Asset Exchange)
  4. Uphold (Best for Transparent Reserves)
  5. KuCoin (Best for Trading Altcoins)
Table of Contents

Best Crypto Exchanges in Belgium

Our team has created a detailed ranking methodology to identify the leading cryptocurrency platforms catering to Belgian investors. This analysis considers aspects like adherence to the regulations of Belgium's Financial Services and Markets Authority, multilingual support including Dutch, French, and German, cost structure, platform features, and the supported assets. After our extensive review, we have found the top 5 digital asset exchanges in Belgium.

1. Bybit

Bybit is recognized as the best trading platform in Belgium, specializing in crypto derivatives like futures and perpetual contracts with up to 25x leverage. It caters to advanced traders with its high-performance trading engine, capable of handling substantial volume without significant slippage, and to beginners by offering a simple and multilingual interface. It offers advanced charting tools and a variety of order types, providing traders with the flexibility needed for complex trading strategies. Bybit is one of the few exchanges that provides daily updates of its reserves, highlighting that all assets are backed on a 1:1 basis. Aside from trading, it offers staking, lending, and borrowing services, an NFT marketplace, and more.

  • Minimum Deposit: €20 for first-time deposit.
  • Supported Assets: 1000+ Cryptocurrency.
  • Regulation: Registered in Belgium and Europe.
  • Fees: Costs include a 0.1% fee for spot trading, 0.01% fee for maker orders, and 0.06% for taker orders on futures markets. Deposits and withdrawals in Euros are completely free of charge.
Bybit (Best Overall Exchange in Belgium).
Bybit (Best Overall Exchange in Belgium).

2. Kraken

Kraken ranks as the second-best exchange in Belgium, primarily for its strong emphasis on security and regulatory compliance. It is known for its advanced security measures, including two-factor authentication and rigorous verification processes, ensuring a safe investing environment. Its adherence to regulatory standards, particularly in terms of user protection and financial transparency, instills a high level of trust among its users. The platform offers a wide range of over 200 cryptocurrencies and sophisticated trading features like futures and margin trading, catering to more experienced traders seeking a secure trading environment.

  • Minimum Deposit: €50 for first-time deposit.
  • Supported Assets: 200+ Cryptocurrency.
  • Regulation: Regulated in Belgium.
  • Fees: Costs include a 0.26% fee for spot trading, and the maker/taker rebate is 0.02%/0.05%.
Kraken (Best for Security and Regulation).
Kraken (Best for Security and Regulation).

3. Bitpanda

Bitpanda is the best multi-asset trading platform in Belgium, offering a broad selection of assets beyond just cryptocurrencies. This includes commodities, stocks, indices, and ETFs, making it an ideal platform for investors looking to diversify their portfolios. Bitpanda's user-friendly interface, combined with a straightforward fee structure, makes it accessible to investors at all levels. It also offers innovative features like savings plans for tokens, appealing to users interested in long-term investment strategies. As a European exchange, it can be used in several languages, including English, Italian, German, and French. It also undergoes regular audits from KPMG to ensure asset transparency.

  • ‍Minimum Deposit: €50 for first-time deposit.
  • Supported Assets: 250+ Cryptocurrency & 3,000+ Stocks, ETFs & Commodities.
  • Regulation: Regulated in Belgium.
  • Fees: Costs include a 1.5% fee for spot trading, deposits vary depending on the method, and weekly storage fees apply, varying from 0.0125% - 0.025%.
Bitpanda (Best Multi-Asset Exchange).
Bitpanda (Best Multi-Asset Exchange).

4. Uphold

Uphold is recognized as one of the best overall cryptocurrency exchanges in Belgium due to its simple interface, audited proof of reserves, and diverse investment options. It caters to beginners and experienced traders with its intuitive platform, offering a unique combination of traditional investment assets and cryptocurrencies. It’s a feature-rich platform that provides staking services, an OTC desk, and a crypto card. Additionally, it provides robust educational resources like guides and courses through its blog, enhancing its accessibility for all levels of investors. Uphold is one of the few exchanges that regularly undergo external audits to show all users' assets are held 1:1.

  • Minimum Deposit: €50 for first-time deposit.
  • Supported Assets: 300+ Cryptocurrency, Forex & Commodities.
  • Regulation: Regulated by the ESMA.
  • Fees: Costs include 1% for buying or selling a cryptocurrency, and deposit fees vary depending on the payment method.
Uphold (Best for Transparent Reserves).
Uphold (Best for Transparent Reserves).

5. KuCoin

KuCoin is ranked as the best exchange for trading altcoins in Belgium, boasting an extensive selection of cryptocurrencies, including many lesser-known altcoins. This wide range of available assets makes it an attractive platform for traders looking to explore beyond the mainstream cryptocurrencies. KuCoin is known for its simple interface, competitive trading fees, and various trading options, including spot and margin trading. The platform's commitment to offering a diverse range of altcoins, combined with a robust and intuitive trading environment, positions KuCoin as the go-to exchange for altcoin enthusiasts in Belgium.

  • Minimum Deposit: €10 for first-time deposit.
  • Supported Assets: 700+ Cryptocurrency.
  • Regulation: Not regulated in Belgium.
  • Fees: Costs include a 0.1% fee for spot trading. Deposits and withdrawals vary depending on the payment method.
KuCoin (Best for Trading Altcoins).
KuCoin (Best for Trading Altcoins).

Is Cryptocurrency Regulated in Belgium?

‍The cryptocurrency environment in Belgium is a dynamic and significant part of the financial landscape, underpinned by thorough regulation. The primary regulatory body in Belgium for cryptocurrency is the Financial Services and Markets Authority (FSMA). This authority plays a crucial role in regulating the crypto sector, aiming to balance the industry's growth with the protection of Belgian investors.

To meet these goals, the FSMA implements various rules and standards for cryptocurrency exchanges operating in Belgium. These regulations encompass Anti-Money Laundering and Counter-Terrorist Financing measures in line with the European Union’s 5th Anti-Money Laundering Directive (5AMLD), which Belgium, as an EU member, adheres to.

How to Buy Bitcoin in Belgium

For those in Belgium who are eager to delve into the crypto market, Bybit stands out as the best option. This platform simplifies the process of depositing Euros using various methods, such as bank transfers, credit cards, debit cards, PayPal, and Wise, ensuring smooth integration with Belgium's financial systems. Bybit provides access to over 1000 digital assets, which includes Bitcoin.

Here’s how to begin trading BTC in Belgium:

  1. Register an Account: Create an account on Bybit and follow the required verification procedures.
  2. Pick Deposit Option: Go to the 'Buy Crypto' section and pick a deposit option.
  3. Select BTC: Pick ‘EUR’ as your deposit currency and choose Bitcoin as your asset.
  4. Execute Trade: Enter the amount you wish to invest and click 'Buy' to complete your BTC acquisition.
Buy Bitcoin in Belgium via Bybit.
Buy Bitcoin in Belgium via Bybit.

Belgian Tax Requirements

In Belgium, the Federal Public Service Finance (FPS Finance) is responsible for the taxation of cryptocurrencies, with distinct rules for individuals and businesses. Belgian residents who possess cryptocurrencies are required to declare their value for tax purposes, which may have implications for wealth tax. Unlike some countries, Belgium also subjects capital gains on these digital assets to taxation.

For Belgian businesses and self-employed individuals, cryptocurrencies are treated as business assets. This categorization implies that both income and wealth taxes are relevant. Earnings from activities like mining, staking, or lending are considered business income and taxed accordingly. Moreover, Value Added Tax (VAT) might be applicable to certain types of cryptocurrency transactions.

Final Thoughts

To wrap up, Belgium's cryptocurrency landscape is evolving rapidly, marked by the rise of reliable exchanges that adhere to the stringent guidelines of the Financial Services and Markets Authority (FSMA). Our comprehensive analysis has identified Bybit, Kraken, Bitpanda, Uphold, and KuCoin as the top five digital asset platforms in Belgium, each excelling in different areas, such as overall service, security, asset diversity, derivatives trading, and altcoin offerings.