How to Buy Crypto in Greece

How to Buy Crypto in Greece

Adrian Graham
Fact Checked
Jan 13, 2023

Summary: The best way to buy Bitcoin and Cryptocurrency in Greece is with a crypto broker that is regulated by the European Securities and Markets Authority (ESMA). With this method, customers can securely deposit Euros (EUR) from any Greek bank to buy and sell a wide variety of crypto assets like Bitcoin, Ethereum, Solana and more.

Our top pick for investors in Greece is the Uphold platform. Their platform is licensed and regulated in Greece by ESMA and have audited proof-of-reserves that are updated daily, which shows they keep customer deposits backed 1:1 at all times. They also offer fast & cheap Euro deposits from Greek banks to trade 200+ Cryptocurrencies.

Table of Contents

Best Crypto Exchange in Greece

Platform Highlights

  • Trade 210+ Cryptos with fast Euro (EUR) deposits from any Greek Bank.
  • Regulated in Greece & Europe and has audited Proof-of-Reserves for customer funds.
  • Offers multiple asset classes including Crypto (and Crypto Staking), Stocks, ETFs, Metals, Currencies and more.
Uphold - Greece
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Audited Proof of Reserves
Audited Proof of Reserves

How to Buy Bitcoin and Crypto in Greece

As mentioned above, the best way to buy Bitcoin and Cryptocurrency in Greece is with a regulated crypto broker, like Uphold. By using a broker such as Uphold, users can safely deposit Euros from any Greek bank and start trading within minutes. Their platform holds licenses from major regulators in Europe like ESMA and the Financial Conduct Authority (FCA) in the United Kingdom.

Here’s how to buy Bitcoin and other digital assets with Uphold:

  1. Sign Up: Create an account on Uphold and complete your verification (personal or company).
  2. Connect Account: Select the currency you want deposit on the Uphold Platform (EUR + 30 more).
  3. Deposit Funds: Connect your Greek or European Bank account to quickly deposit your selected fiat currency.
  4. Buy Crypto: The final step is to find the cryptocurrency you want to buy and execute your trade.
Deposit Euros & Buy Crypto in Greece.
Deposit Euros & Buy Crypto in Greece.

How is Crypto Taxed in Greece?

In Greece, cryptocurrencies are taxed in the same way as other forms of capital gains. Gains on cryptocurrency investments are taxable at a flat rate of 15%. Additionally, any income earned from mining or trading digital currencies is subject to tax. It is important for taxpayers to keep accurate records of their transactions and be aware that digital currency profits must be reported in their annual tax filings.

What are the Best Alternative Exchanges to Invest in Cryptocurrency?

The list below is the top 5 cryptocurrency exchanges that are alternatives to our top pick Uphold for investors looking to do further due diligence. All of the exchanges in the list below hold the same regulatory status as Uphold, meaning they are safe to use for investors in Greece.

  1. Coinbase - Coinbase is one of the largest global trading platforms with its headquarters in San Francisco, USA. Their exchange offers services for investors in Greece allowing them to trade 100+ crypto assets with relatively high fees at 1.49% per trade. Notable features of Coinbase includes an NFT Marketplace, Crypto Staking, the Coinbase DeFi Wallet and more.
  2. Binance - Binance is another popular global crypto exchange with a focus on amateur and professional traders. Their platform offers low fees of 0.10% for makers, allowing users to buy and sell 100+ crypto assets from the comfort of their own home. Notable features of Binance includes derivatives trading, options trading, an NFT Marketplace, crypto staking and more.
  3. Kraken - Founded in 2011, Kraken is one of the longest-running crypto exchanges in the world. Their platform offers services for investors in Greece, allowing them to buy and sell 80+ digital assets with relatively low fees at 0.26%. Notable features of Kraken includes margin trading, futures trading, staking, options trading and more.
  4. Bitpanda - Based in Vienna, Austria Bitpanda is a European-focused cryptocurrency exchange. Their platform allows investors in Greece to buy and sell 80+ crypto assets with low fees at 0.10%. Notable features of Bitpanda includes a native wallet, margin trading, cryptocurrency staking, advanced trading tools and more.
  5. CEX - Founded in 2013, CEX is another popular global exchange with a focus on amateur traders. Their platform offers services for investors in Greece, allowing them to buy and sell 40+ crypto assets with relatively low fees at 0.20%. Notable features of CEX includes margin trading, futures trading, options trading, cryptocurrency staking and more.
Coinbase - A Popular Greek Alternative.

Who regulates Cryptocurrency in Greece?

In Greece, cryptocurrency is regulated by the Hellenic Capital Market Commission (HCMC). The HCMC is responsible for supervising and regulating all activities related to capital markets, including investment services, collective investments schemes and securities. Cryptocurrency trading in Greece requires registration with the HCMC.

All licensed exchange providers are subject to regular reviews conducted by the HCMC in order to ensure compliance with the applicable laws and regulations. Furthermore, the HCMC has issued a set of requirements that have been established to ensure investor protection in relation to cryptocurrency trading.  These requirements include KYC/AML procedures and due diligence checks on service providers.

What are the Fees to Invest in Crypto?

There are a variety of fees and charges to consider when investing in cryptocurrencies on any trading platform. To simplify things, we have listed the 3 key fees to be aware of below:

  • Trading Fees: The trading fee is the fee to buy or sell any asset on a crypto platform. Uphold charges 0.5% fees, making them the cheapest to get started in this regard.
  • Deposit Fees: The deposit fee is the fee you are charges when depositing Euros (EUR) from your selected payment method. This will vary depending on your deposit method, with the cheapest being a bank transfer which is typically free depending on the exchange you use. Uphold charges zero deposit fees.
  • Spreads: The spread is the difference between the buying and selling price of the asset. This can be fixed or variable, with Uphold offering one of the lowest spreads in the industry.

Final Thoughts

Greece is a great location to get involved in the cryptocurrency industry. With a number of established exchanges offering services for investors in Greece, it’s easy to get started trading crypto assets. By understanding the required regulations and fees involved with investing, you can ensure that your investments are secure and compliant with the applicable laws.

With the right guidance, you can start your journey towards financial freedom today.

Adrian Graham

Co-Founder & former banker turned Full-Time DeFi analyst and researcher. Left traditional finance to pursue my interest in digital assets and decentralized finance.

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