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How to Buy Crypto in Luxembourg

How to Buy Crypto in Luxembourg

Sara White
Fact Checked
Sep 23, 2022

Key Takeaways: There are no reliable cryptocurrency exchanges that are based in Luxembourg as it is a relatively small country. When buying tokens, we recommend doing so through a global, regulated and licensed cryptocurrency investing platform. On a global exchange, you will have access to more tokens and have high security.

The best cryptocurrency investing platform in Luxembourg and Europe is the Bybit exchange. Bybit is the largest futures/derivatives trading exchange in the world that offers up to 100x leverage. Bybit has 10 million users worldwide and is available to use in over 150 countries including Luxembourg. The platform can also be used in over 40 languages.

Table of Contents

Best Exchange in Luxembourg

Platform Highlights

  • Trade over 700 Cryptos with up to 100x leverage.
  • Instant Euro (EUR) Deposits with zero trading fees.
  • NFT Marketplace, IDO Launchpad & other features.

Where to buy cryptocurrencies in Luxembourg

Many global cryptocurrency investing platforms offer services to Luxembourg residents including Bybit, Binance, eToro and FTX. However, not all exchanges are properly licensed and regulated to operate in Luxembourg. Luxembourg is regulated by the Cyprus Securities and Exchange Commission in Europe.

We recommend using the Bybit platform, it offers the lowest cryptocurrency trading fees in the world. Additionally, it's one of the only secure non-KYC exchanges, meaning you don't need to verify your identity to use the platform. If you would like to learn more about the Bybit exchange, you can visit our Bybit Review.

Bybit platform.
Bybit platform.

How to safely buy crypto in Luxembourg

In this method, we show investors how to safely buy Ethereum (ETH) in Luxembourg. The best way to buy crypto in Luxembourg is through the Bybit trading platform. On Bybit, users can deposit Euros via Bank Transfer, Credit/Debit Card, Revolut, Transferwise, Google Pay & SEPA. Follow the below steps to get started.

  1. Sign Up: Open an account on Bybit with your email address and password.
  2. Deposit EUR: Choose a deposit method and send EUR to your Bybit account.
  3. Find Crypto: Look for Ethereum (or any crypto) in the search bar .
  4. Buy ETH: Input the amount of Euros you want to invest and click 'Buy ETH'.
How to safely buy crypto in Luxembourg.
How to safely buy crypto in Luxembourg.

What are the fees to buy crypto?

When you use the Bybit exchange, it is virtually free to invest in cryptocurrencies. This is because EUR deposits are free and instant on Bybit and they are currently running a promotion where all spot trading fees are zero. Meaning there are absolutely zero fees to buy cryptocurrencies like Bitcoin and Ethereum.

What is Luxembourg's cryptocurrency policy?

Luxembourg is one of the world's leading financial centres and a major hub for the global cryptocurrency industry. The country has a long history of innovation in the financial sector, and was one of the first countries to embrace digital currencies. Cryptocurrencies are subject to the same anti-money laundering and countering the financing of terrorism regulations as other financial instruments.

The country has a well-developed legal and regulatory framework for cryptocurrencies. In 2014, the Luxembourg Financial Supervisory Authority (FSA) issued guidance on the treatment of cryptocurrencies under Luxembourg law. This guidance confirmed that cryptocurrencies are not considered legal tender in Luxembourg, but are treated as assets for tax purposes.

Sara White

I fell into crypto during the 2017 mania and have been around ever-since. I know write, research and publish my own reports on the digital asset ecosystem.

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