https://ift.tt/gZyABfX To Buy Bitcoin in Portugal?

How To Buy Bitcoin in Portugal?

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Easiest and cheapest ways to buy crypto in Portugal

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

Regulated & high liquidity

coinbase

Coinbase

πŸ‘› Ease of Use – Easy
πŸ‘› Fees – Average
πŸ‘› Verification – 1 Day
πŸ‘› Reputation – Trusted
πŸ‘› Supported fiat – EUR, USD, and 50+ more

Coinbase is widely considered one of the biggest cryptocurrency exchanges, especially in the US. It has over 60 million users which is a remarkable number.

More info +

It was founded back in 2012 by Brian Armstrong and Fred Ehrsam. Coinbase has users in over 100 countries. Coinbase’s headquarters are in San Francisco, California. The platform offers not only exchange-based services but also a wallet so it is a perfect place for all crypto investors.

⚑ Deposit fees:
Credit/Debit Card: 3.99%SEPA: €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: €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  A variety of fiat currencies supported
Β  Over 100 cryptocurrencies supported
Β  A regulated and trustworthy company
Large user base and widely popular
Provides a Coinbase debit card

No future or margin trading
Higher trading fees than main competitors have (Binance for instance)

Established & high liquidity

How To Buy Bitcoin in Portugal?

Bitpanda

πŸ‘› Ease of Use – Easy
πŸ‘› Fees – Average
πŸ‘› Verification – 1-2 Days
πŸ‘› Reputation – Trusted
πŸ‘› Supported fiat – USD, EUR, GBP, and more

Bitpanda is an Austrian cryptocurrency exchange that offers users a personal wallet and trading platform.

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The exchange has been becoming increasingly popular throughout Europe with a very well-designed and easy-to-use platform.

⚑ Deposit fees:
Free
⚑ Withdrawal fees:
Vary from coin to coin
⚑ Trading fees:
0.05% – 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

Established & high liquidity

How To Buy Bitcoin in Portugal?

Binance

πŸ‘› Ease of Use – Medium
πŸ‘› Fees – Low
πŸ‘› Verification – 1 Day
πŸ‘› Reputation – Trusted
πŸ‘› Supported fiat – USD, EUR, GBP, AUD, RUB

Over 30 million users worldwide and more than $15 billion in daily trading volume make Binance the world’s largest centralized cryptocurrencies exchange. Originally from Hong Kong and now from the small European island of Malta, this exchange was founded in July 2017, and it quickly became the most used exchange on the market. Binance is supported in 60+ countries (excluding the U.S).

More info +

On Binance, you can buy, sell, and trade a large number of cryptos with low fees. Two Factor Authentication, cold storage, and multi-sig wallets provide Binance users excellent security. It is considered one of the most secure cryptocurrencies exchange in the crypto sphere. Binance supports spot trading, margin trading, P2P trading, futures, earn (locked savings, fixed savings, yield farming, and DeFi staking), mining, and staking pools. You can trade more than 350 cryptos and over 1300 trading pairs.

⚑ Deposit fees:
Free
⚑ Withdrawal fees:
Vary from crypto to crypto
⚑ Trading fees:
0.1%
⚑ Payment Methods:
Debit Card, Credit Card, SWIFT, Bank Transfer (SEPA), and more
⚑ Supported fiat:
USD, EUR, GBP, AUD, RUB, and 15+ more

Β  Low fees
Β  High liquidity
Β  Lite and Pro version
350+ cryptos and 20+ fiat currencies

Not accessible to U.S. users
Hacked in 2019

Best Bitcoin Wallets in Portugal

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.

Bottom Line
Pros
Cons
ZenGo
ZenGo
Mobile


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Bottom Line

ZenGoΒ is an easy iOS/Android Bitcoin & cryptocurrency wallet. Getting started takes less than 20 seconds.

Pros

extremely safe as it uses biometrics for security
you can buy crypto directly from it
has savings and staking account

Cons

No major flaws

Exodus
Exodus
Desktop


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Bottom Line

ElectrumΒ is one of the oldest and most popular desktop multi-currency wallets which is compatible with Windows, Mac, and Linux

Pros

One of the oldest wallets in the market
you can buy and stake directly from the wallet
supports all major coins and blockchains

Cons

Not completely open source

Ledger Nano X
Ledger Nano X
Hardware


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Bottom Line

Ledger Nano XΒ is a leading and most secure cold storage wallet that connects to your device via Bluetooth.

Pros

Safest wallet in the market
competitive price
supports a lot of coins
you can buy directly from the wallet
stake directly from the wallet

Cons

Small display
complicated to setup for newbies

Read also:

Regulated & high liquidity

How To Buy Bitcoin in Portugal?

Safello

πŸ‘› Ease of Use – Easy
πŸ‘› Fees – High
πŸ‘› Verification – 1 day
πŸ‘› Reputation – Trusted
πŸ‘› Supported fiat – USD, EUR, GBP, JPY, CAD

Safello is a Swedish cryptocurrency exchange that offers simple buying and selling of Bitcoin for fiat currencies.

More info +

Safello’s services are available in 32 European countries – both EU member states and countries outside the union. Safello is completely compliant with EU and Swedish law to ensure reliable service customers. Safello does not charge commission. Instead, it uses a β€œspread model”, meaning all fees (banking, forex fees, etc.) and commissions are included in the buying and selling price.

⚑ 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

Trusted & high liquidity

Bitstamp

Bitstamp

πŸ‘› Ease of Use – Easy
πŸ‘› Fees – Low
πŸ‘› Verification – 1 Day
πŸ‘› Reputation – Trusted
πŸ‘› Supported fiat – USD, EUR, GBP

Bitstamp is a crypto exchange launched in 2011, which makes it one of the oldest European exchange platforms. While European citizens have certain benefits from using the platform, Bitstamp has users worldwide. Today, Bitstamp is available in more than 180 countries around the world.

More info +

While Bitstamp does offer spot trading and staking services, there aren’t many other trading options available. Futures trading, margin trading, and DeFi trading can’t be found on this platform. Also, even the staking feature comes with certain restrictions. The rewards are only available for ETH and Algo, and US traders can’t use the service. Bitstamp requires a mandatory KYC verification process. The mobile app is available for both iOS and Android devices.

⚑ Deposit fees:
0 – 5 %
⚑ Withdrawal fees:
Sepa – 3 EUR, ACH – Free, Credit cards – 5%, International wire – 0.1%, and crypto – depends on the asset (0.0005 BTC)
⚑ Trading fees:
0 – 0.5 %
⚑ Payment Methods:
Credit/Debit Card, ACH Transfer, SEPA, USD Wallet, Faster Payments, and International Wire.
⚑ Supported fiat:
USD, EUR, GBP

Β  A simple interface where you can buy crypto with just a few clicks
Β  Dedicated Customer Support
Β  Competitive fees
Easy-to-use

Hacked in 2015
No margin or leverage trading
The staking program has restrictions

Regulated & high liquidity

uphold exchanges

Uphold

πŸ‘› Ease of Use – Easy
πŸ‘› Fees – Low
πŸ‘› Verification – 1 Day
πŸ‘› Reputation – Trusted
πŸ‘› Supported fiat – USD, GBP, EUR + more

One of the crypto exchanges that has been around since 2015 is Uphold. Its headquarters is in NY, the US. Uphold is in fact a multi-functional exchange of different assets, with not only just buying and selling cryptocurrencies.

More info +

A beginner-friendly interface is the first thing you will notice about Uphold. The main advantage of the platform is trading directly between asset classes with fixed payments, offering a future where all users have access to financial services – all thanks to the unique β€œAnything-to-Anything” trading service.

⚑ Deposit fees:
Free
⚑ Withdrawal fees:
Free
⚑ Trading fees:
Based on spreads
⚑ Service fees:
1% – 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  Low fees when compared to top exchanges
Β  It is regulated by the US laws
Β  A beginner-friendly interface
Unique β€œAnything-to-anything” trading service
Low fees

A less organized educational section
Customer support can be better
Various trading limitations

Regulated & high liquidity

How To Buy Bitcoin in Portugal?

Coinmama

πŸ‘› Ease of Use – Easy
πŸ‘› Fees – High
πŸ‘› Verification – 1 Day
πŸ‘› Reputation – Trusted
πŸ‘› Supported fiat – USD, EUR, GBP, CAD, AUD

Founded in 2013 in Israel, Coinmama is one of the oldest crypto exchanges in the business. With its current headquarters in Dublin, Ireland, this centralized cryptocurrency exchange allows its users to quickly and securely buy and sell cryptocurrencies.

More info +

Currently, 1.5 million users in over 150 countries worldwide use Coinmama’s services (excluding 11 states in the U.S). Coinmama is registered under The Financial Crimes Enforcement Network (FinCEN) in the United States.

⚑ Deposit fees:
0 – 5 %
⚑ Withdrawal fees:
None
⚑ Trading fees:
2.9 – 3.9 %
⚑ Payment Methods:
Bank Transfer (SEPA), SWIFT, Fedwire, Bank cards, Open Banking, Google Pay, Apple Pay, Skrill
⚑ Supported fiat:
USD, EUR, GBP, CAD, AUD

Β  Available almost worldwide
Β  Mobile App (Android and iOS)
Β  Good for Beginners
Good Support
Various payment methods

A small selection of available cryptocurrencies
Medium fees

Regulated & high liquidity

paxful

Paxful

πŸ‘› Ease of Use – Easy
πŸ‘› Fees – Low
πŸ‘› Verification – 1 Day
πŸ‘› Reputation – Trusted
πŸ‘› Supported fiat – USD, EUR, GBP, CAD, AUD

Paxful is a cryptocurrency exchange platform that has operated since 2015, with its headquarters in New York, United States. As of now, Paxful is one of the longest operating P2P Bitcoin crypto exchanges.

More info +

The platform has almost 5 million users that can interact between themselves to buy, sell or trade one of the 3 offered cryptocurrencies. Paxful supports a vast majority of countries with the exception of OFAC Banned Countries. Their goal is to keep Bitcoin trading as easy and straightforward as possible.

⚑ Deposit fees:
Free
⚑ Withdrawal fees:
0.5% – 5%
⚑ Trading fees:
No buyer fee, seller fee varies from 0.5% to 5%
⚑ Payment Methods:
Over 350 payment methods are available
⚑ Supported fiat:
USD, EUR, GBP, CAD, AUD, and many more

Β  350+ Payment Methods
Β  Good customer support
Straightforward and easy to use

High exchange rates
A lot of scammers

Regulated & Established

How To Buy Bitcoin in Portugal?

Cex.io

πŸ‘› Ease of Use – Easy
πŸ‘› Fees – High
πŸ‘› Verification – 1 Day
πŸ‘› Reputation – Trusted
πŸ‘› Supported fiat – USD, EUR, GBP, RUB

Founded in 2013 in London, UK, and with over 4 million users, Cex.io is among the oldest cryptocurrency exchange platforms on the market. On Cex.io, you can buy, sell, trade, and store over 100 cryptocurrencies.

More info +

This centralized exchange supports fiat to crypto purchases, margin trading, spot trading, staking, lending, leverage, and savings. It has more than 100 cryptocurrencies available for trade and over 220 trading pairs. Today, Cex.io is available in more than 180 countries around the globe (including the U.S.). Cex.io applies AML and KYC policies, and it is registered with The Financial Crimes Enforcement Network (FinCEN).

⚑ Deposit fees:
Β 0 – 3.99 %
⚑ Withdrawal fees:
0 – 3 %
⚑ Trading fees:
0 – 0.25 %
⚑ Payment Methods:
Credit Card, Bank transfer, ACH, Epay, Skrill, SEPA, Faster Payments
⚑ Supported fiat:
USD, EUR, GBP, RUB

Β  Regulated and licensed
Β  Well Established Company
Β  Mobile App (Android and iOS)
Great support

Lower liquidity than other exchanges
Extensive Verification Process

Frequently asked questions about buying Bitcoin in Portugal

How can I buy Bitcoin in Portugal❓

You can buy Bitcoin in Portugal on any of the exchanges mentioned in this article.

Where can I buy crypto in Portugal❓

You can buy Bitcoin in Portugal on any of the exchanges mentioned in this article. Coinbase is the most popular exchange that is available in Portugal.

Can I use Bitcoin in Portugal❓

Yes. The Portuguese Tax & Customs Authority (PTA) officially announced in 2019 thatΒ buying or selling cryptocurrency in Portugal is tax-free. You will not be charged VAT or Personal Income Tax (IRS), as an individual. However, businesses that provide services related to cryptocurrency are taxed on their gains.

Where is Bitcoin ATM located in Portugal❓

Cryptocurrency machine is installed atΒ R. de GrijΓ³ 74, 4150-415 Porto, Portugal. You can buy BTC there.

Does Portugal support Cryptocurrency❓

In Portugal,Β cryptocurrency transactions are exempt from VAT, as the country views cryptocurrencies as a form of payment rather than an asset. The Portuguese currency is the Euro, but you can be paid in cryptocurrency and pay for items with crypto visa cards – it’s a win-win situation for crypto traders and investors.

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