How to Buy Bitcoin in Cyprus?
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Easiest and cheapest ways to buy crypto in Cyprus
Getting bitcoins in Cyprus is not an easy task as not all popular crypto exchanges are available to Cyprus citizens. This is a current list of bitcoin exchanges that allow users from Cyprus to buy crypto. They all support buying crypto with credit/debit cards but some of them offer other payment methods as well.

Coinbase





Coinbase is one of the well-known, established, and trusted cryptocurrency exchanges. It was founded back in 2012, with its headquarters in San Francisco.
More info +
Deposit fees:
Credit/Debit Card: 3.99%SEPA: β¬0U.S Bank Transfer: 1.49% (the US $0.15 min.)Coinbase USD wallet: 1.49%ACH Transfer USD: $0 Wire Transfer USD: $10 Withdrawal fees:
SEPA: β¬0.15U.S Bank Transfer: 1.49% (US $0.15 min.) Coinbase USD wallet: 1.49%Wire Transfer USD: $25 Trading fees:
Fees vary Payment Methods:
Bank Account, Debit Card, Credit Card, Wire Transfer, SEPA Transfer, Supported fiat:
USD, EUR, GBP, AUD, CAD, CNY & 50+ more
Β An easy way for new users to purchase Bitcoin
Β More than 100 cryptocurrencies to choose from
Β A regulated and trustworthy company
High liquidity and purchasing limits
Confusing fee composition
Higher than usual fees

KuCoin





Founded in 2017 and with H.Q. in Singapore, KuCoin is among the leading cryptocurrency exchange platforms on the market. It has 10+ million users worldwide and 6+ billion in 24h trading volume.
More info +
Deposit fees:
Free Withdrawal fees:
0 β 16$ (average) Trading fees:
0 β 0.1 % Payment Methods:
Debit and Credit card, Apple and Google Pay Supported fiat:
USD, EUR, GBP, AUD, CAD + 20 more
Β Wide range of coins
Β Low fees
Β Mobile App (Android and iOS)
No forced KYC
10+ M users
Innovative and quick to add new features
Not licensed in the U.S.
Limited payment methods

Bitpanda





Bitpanda is an Austrian cryptocurrency exchange that offers users a personal wallet and trading platform.
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Deposit fees:
Free Withdrawal fees:
Vary from coin to coin Trading fees:
0.05% β 0.10% Payment Methods:
Bank Transfer, Credit Card, Debit Card, Cryptocurrency Neteller Bank Transfer (SEPA), SOFORT Supported fiat:
USD, EUR, CHF, GBP
Β 1+ million customers
Β Variety of payments and withdrawal methods
Β Variety of supported fiat currencies
No insurances and no staking
Fees medium
Best Bitcoin Wallets in Cyprus
It is never a good idea to keep your coins on an exchange as that exposes you to numerous risks (exchange hacks, fund freezes by the exchange or some government regulatory body, etc). That is why you should use one of the wallets we list below to store your digital assets. The safest option is a hardware wallet like Nano X but ZenGo is also a good choice, especially for newcomers.
ZenGoΒ is an easy iOS/Android Bitcoin & cryptocurrency wallet. Getting started takes less than 20 seconds.
extremely safe as it uses biometrics for security
you can buy crypto directly from it
has savings and staking account
No major flaws
ElectrumΒ is one of the oldest and most popular desktop multi-currency wallets which is compatible with Windows, Mac, and Linux
One of the oldest wallets in the market
you can buy and stake directly from the wallet
supports all major coins and blockchains
Not completely open source
Ledger Nano XΒ is a leading and most secure cold storage wallet that connects to your device via Bluetooth.
Safest wallet in the market
competitive price
supports a lot of coins
you can buy directly from the wallet
stake directly from the wallet
Small display
complicated to setup for newbies
Read also:
- How To Buy Bitcoin in Ecuador?
- How To Buy Bitcoin in Kazakhstan?
- How to Buy Bitcoin in Botswana?
- How to Buy Bitcoin in Bulgaria?

Uphold





Launched in 2015 in New York, Uphold represents an exchange platform that supports crypto, precious metal, US equities, Forex trading, and commodity trading.
Uphold has gained popularity through its Anything-to-Anything feature that enables users to trade different types of assets. There are more than 50 cryptos supported, including majors, alt-coins, stablecoins, and emerging tokens.
More info +
Deposit fees:
Free Withdrawal fees:
Free Trading fees:
Based on spreads Service fees:
1% β 3% Payment Methods:
Debit/Credit Cards, Bank Transfer (SEPA), SWIFT, ACH Transfer, Wire Transfer, Crypto Conversion, etc. Supported fiat:
USD, GBP, EUR, and 15+ more
Β Anything-to-Anything feature
Β Straightforward registration process
Β Enables investments in US stocks, national currencies, and precious metals
There isnβt a fixed minimum investment
Telephone and Live-chat support doesnβt exist
Lower volume assets require higher spreads

Deposit fees:
Depending on the membership Withdrawal fees:
0.00021 BTC Trading fees:
2.5% Payment Methods:
Credit Card, Debit Card, Bank Transfer, Bank Transfer (SEPA), Swish Handelsbanken Direkt, Bankgirot iDEAL Supported fiat:
SEK, NOK, DKK, GBP, CZK, CHF, HUF, EUR
Β Helpful Interface
Β Regulated exchange
Β No hidden fees
Allows fiat currency trading.
Requires KYC verification
It supports only Bitcoin

Bitstamp





Bitstamp was launched back in 2011 by two Slovenians β Damijan Merlak and Nejc KodriΔ. It is considered one of the oldest crypto exchanges in the world. Bitstamp moved from Slovenia to the UK in 2013 and then in 2016, it moved to Luxemburg where it is based today.
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The main services of the platform are buying and selling cryptocurrencies, spot trading, and staking. However, keep in mind that Bitstamp does not support some of the advanced trading services such as margin or future trading.
Deposit fees:
0 β 5 % Withdrawal fees:
Sepa β 3 EUR, ACH β Free, Credit cards β 5%, International wire β 0.1%, and crypto β depends on the asset (0.0005 BTC) Trading fees:
0 β 0.5 % Payment Methods:
Credit/Debit Card, ACH Transfer, SEPA, USD Wallet, Faster Payments, and International Wire. Supported fiat:
USD, EUR, GBP
Β Competitive fees
Β Security and safety on a high level
Β The longevity on the crypto market
Suitable for all types of traders (beginners and experienced ones)
The number of coins could be higher (50)
The number of coins available for staking could be higher (2)
No advanced trading services such as staking or margin trading

eToro





eToro is a crypto trading and exchange platform that entered the crypto market in 2013. However, eToro started its operations in 2007 as a social trading platform for commodities, CFDs, currencies, indexes, and stocks
More info +
Deposit fees:
Free Withdrawal fees:
$5 Trading fees:
0.75 % β 4.9 % spread depending on the cryptocurrency Payment Methods:
15+ (Credit Cards, MasterCard, Visa, EWallets, etc.) Supported fiat:
USD, EUR, GBP, and 20+ more
Β The longevity on the crypto market
Β Low fees
Β Various exciting features
User-friendly interface
Lack of stocks and other investment options
Not available in all states in the US
Inactivity fee
Frequently asked questions about buying Bitcoin in Cyprus

The main aspect here is that the Central Bank of Cyprusβ related circular stated the following: βbitcoin is not illegal, but, at the same time, neither it is subject to control or regulationβ. Thus, work with crypto assets in Cyprus is conducted according to the rules of general civil law.

You can use Exodus, Ledger, or Coinbase Wallets in Cyprus.

Cryptocurrencies are not βtitlesβ and as such,Β any realized gains from the purchase and sale of Cryptocurrencies of a trading nature are taxable in Cyprus at the rate of 12,5%.

The most friendly countries to buy Bitcoin are Slovenia, Singapore, Estonia, Georgia, Belarus, Hong Kong, Japan, and Germany.
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