Best Crypto Exchanges in Portugal

Best Crypto Exchanges in Portugal

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February 21, 2023
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Summary: The best way to buy Bitcoin and crypto assets in Portugal is through a regulated cryptocurrency exchange. With this method, investors can safely transfer Euros (EUR) from their Portuguese bank accounts to buy, sell and stake digital assets.

In this guide, we outline the 5 best exchanges that are approved by the Portuguese Securities Market Commission (CMVM - Comissão do Mercado de Valores Mobiliários), which is the main regulatory body that oversees cryptocurrency-related activities in Portugal:

  1. Uphold - Best & Safest Overall in Portugal
  2. Bybit - Best for Leverage Trading in Portugal
  3. Binance - Best for CeFi & DeFi Features
  4. OKX - Best for Beginners in Portugal
  5. Crypto.com - Best for Crypto Cards in Portugal
Table of Contents

Best Crypto Exchange in Portugal - Uphold

Platform Highlights

  • Buy & Sell 250+ Cryptocurrencies with zero fees and tight spreads.
  • Licensed and regulated in Portugal and Europe by the Financial Conduct Authority (FCA).
  • Trusted by over 10 million retail and institutional investors.
Best Crypto Exchange Portugal - Uphold
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Top Crypto Trading Platforms in Portugal

To rank the best cryptocurrency exchanges in Portugal, our research team employs a methodology that considers several factors. First, we evaluate the exchanges' regulatory compliance and licensing, as it is critical to ensure the safety and security of users' funds. Second, we analyze the platforms' user experience, including the ease of use, speed, and availability of trading pairs. Third, we examine the trading fees and commission structures to determine the platforms that offer the most competitive pricing.

Additionally, we would consider factors such as customer support, reputation, and security features such as two-factor authentication and cold storage. By combining these factors, we have ultimately determined that the following platforms are the 5 best exchanges for investors in Portugal.

1. Uphold

Uphold is the best exchange in Portugal for several reasons. First, they offer instant and free EUR deposits from all Portuguese banks, making it quick and easy for users to fund their accounts. Second, Uphold is a licensed exchange that is available to users in Portugal, providing a secure and trustworthy trading environment. Third, they offer a wide range of digital assets, with over 250 cryptocurrencies available for trading, providing investors with a diverse range of trading and staking options.

Additionally, Uphold's zero-fee structure sets it apart from many other exchanges in Portugal, making it an affordable option for traders looking to minimize their trading costs. Overall, Uphold's combination of easy funding options, regulatory compliance, extensive cryptocurrency selection, and zero fees make it the top choice for investors in Portugal.

Uphold Portugal.

2. Bybit

Bybit is the second-best exchange in Portugal for several reasons, including their unique features that set them apart from other exchanges. Bybit offers futures and options trading, with up to 100x leverage, allowing investors to take advantage of market movements to increase their potential returns. This makes it an excellent option for more experienced traders looking to enhance their trading strategies.

Additionally, Bybit offers a user-friendly interface and a robust trading engine that enables traders to execute their trades quickly and efficiently. Bybit is also known for its advanced security features, including multi-signature cold wallet storage, DDoS protection, and two-factor authentication, making it a secure platform to trade digital assets.


3. Binance

Binance is our next favourite pick for users in Portugal thanks to their wide variety of features for Centralized and Decentralized Finance. This includes access to DeFi through their native blockchain BNB Chain, which allows users to access a range of DeFi products, including decentralized exchanges, yield farming, and liquidity provision, all from the Binance platform.

Binance also offers one of the largest selections of cryptocurrencies, with over 350 digital assets available for trading. Binance's competitive fee structure and user-friendly interface make it an attractive option for both novice and experienced traders. Furthermore, Binance offers a range of trading tools, including charting, technical analysis, and order types, allowing traders to execute their trades with precision.


4. OKX

Based on our analysis and review methodology, OKX is our 4th top pick for investors in Portugal. They make the list of our top 5 because of their slick and easy-to-use interface that allows beginner investors to seamlessly trade and stake over 300 crypto assets. Their platform is globally licensed and regulated and is trusted by over 10 million users.  

OKX also offers competitive trading fees, with native OKX staking features to reduce these costs further. Additionally, users in Portugal will benefit from their unique features such as their OKEx Academy which provides educational resources to help investors learn more about digital assets and the crypto market.


5. Crypto.com

Crypto.com is the 5th best exchange in our list for investors in Portugal due to its unique features and advantages. Firstly, Crypto.com offers a range of cryptocurrency-related services, including a wallet, payment card, and a mobile app that allows users to buy, sell, and trade digital assets. Secondly, the exchange provides access to more than 250 cryptocurrencies, offering a diverse range of investment options for traders.

Additionally, Crypto.com offers competitive fees and a user-friendly interface that makes it easy for novice traders to start trading digital assets. Finally, the exchange is known for its advanced security features, including multi-factor authentication, SSL encryption, and cold storage for customer funds, providing users with peace of mind while trading.


Is Cryptocurrency Regulated in Portugal?

Yes, cryptocurrency is regulated in Portugal. The Portuguese Securities Market Commission (CMVM) is the main regulatory body responsible for overseeing cryptocurrency-related activities within the country. The CMVM enforces regulations related to the issuance, trading, and custody of digital assets to ensure investor protection and maintain the integrity of the financial markets.

The Portuguese Central Bank (Banco de Portugal) also monitors and regulates cryptocurrency-related activities within the country. Therefore, it is important for investors to choose licensed and regulated exchanges that operate in compliance with these regulations to ensure the safety and security of their funds.

Final Thoughts

Portugal has a thriving cryptocurrency market, with a growing number of exchanges that offer a range of features and services to investors. Our list of the 5 best exchanges in Portugal is based on a thorough analysis and review methodology that considers key factors such as regulatory compliance, user experience, fees, and security features. Uphold, Bybit, Binance, OKX, and Crypto.com are all licensed and regulated exchanges that provide a safe and secure environment to trade digital assets in Portugal.

Adrian Graham

Co-Founder & former Investment Banker (Finance MBA) turned Full-Time DeFi analyst and researcher. Left traditional finance to pursue my interest in digital assets and decentralized finance.

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