6 Best Crypto Exchanges and Trading Platforms in Europe

European crypto trading live

In this guide, we’ll break down the best crypto exchange and trading platforms in Europe so you can trade with the tools you need. Finding the right crypto exchange can feel overwhelming, especially with so many platforms yelling for your attention. If you’re trading in Europe, you need a platform that ticks all the boxes—low fees, day trading tools, supported fiat currencies, easy deposits, and a solid reputation. 

Do you need help with slow trade execution or hidden fees eating into your profits? These are common issues traders face when using the wrong platform. The good news? This guide offers solutions. From finding platforms with lightning-fast execution times to those with lower-than-average fees, this article will help you find the right platform to match your trading style, including options for the fastest crypto exchange or the cheapest crypto exchange depending on your needs. 

Best European crypto trading platforms at a glance  

  1. BYDFi – Best overall for active trading (Most Popular) 
  2. Phemex – Best for allround traders 
  3. Binance – Best for most altcoins listed 
  4. MEXC – Best for maker fees  
  5. BTCC – Best for highest leverage 
  6. BingX – Best for copy trading

(This article is not financial advice. Research before investing. Some links are affiliate links, earning us a commission without extra cost for you. Our content remains unbiased regardless of affiliates.) 

Key takeaways TL;DR 

Comparison of all exchanges in Europe 

Below is a comparison table of all the crypto scalping platforms, day trading exchanges, and more reviewed in this article. Take a look to see how they compare to make it easier for you to choose. 

Feature  BYDFi  Phemex  Binance  MEXC  BTCC  BingX 
Platform  BYDFi  Phemex  Binance  MEXC  BTCC  BingX 
Best For  Active Trading  Allround Traders  Altcoins  Maker Fees  Highest Leverage  Copy Trading 
Supported Cryptos  600+  40+  600+  1,500+  300+  750+ 
Spot Trading Fees  0.1%-0.3%  0.1%  0.1%  0.2%  0.1%  0.1% 
Leverage  Up to 200x  Up to 100x  Up to 125x  Up to 125x  Up to 225x  Up to 125x 
Fiat Support  EUR, GBP  EUR  EUR, SEPA  EUR  EUR  EUR 
Demo Account  Yes  Yes  No  Yes  Yes  Yes 
Staking  No  Yes (8.5% APY)  Yes (up to 20%)  Yes (up to 20%)  No  Yes 
Futures Contracts  Yes  Yes  Yes  Yes  Yes  Yes 
Mobile App  Yes  Yes  Yes  Yes  Yes  Yes 
Advanced Order Types  Yes  Yes  Yes  Yes  Yes  No 
KYC Required  No  Yes  Yes  No  No  Yes 

1. BYDFi review 

BYDFi stands out as Europe’s top crypto exchange and trading platform, with unbeatable advantages for both hodlers and day traders. With a massive selection of over 600 cryptocurrencies, and new coins coming out almost every week, it’s a treasure trove for portfolio diversification. 

BYDFi is your new best friend with its cutting-edge trading features and order-matching engine. We’re talking high-octane leverage up to 200x, a modern user interface, and execution speeds that are getting close to 2 million transactions per second, reported Michael, our crypto specialist. With crypto contracts trading platform features, it suits both beginners and seasoned pros. 

Plus, their bot trading feature is a game-changer where new traders can trade automatically and seasoned traders can automate their already profitable strategies. It’s also ideal as a crypto futures exchange for those who want to trade high-leverage contracts. 

Supporting multiple fiat currencies in the EU such as the Europ, Swiss Franc, and many more, as well as offering a smorgasbord of deposit methods, BYDFi makes it easy to get your fiat money into the crypto markets.  

With 24/7 customer service and a mobile app that keeps you in the game 24/7, BYDFi is the most popular choice for many EU traders looking for a next-generation, secure, and lightning-fast trading platform.  

Fees 

Pros 

  1. 400+ cryptocurrencies 
  2. Spot, futures, perpetual contracts 
  3. Fiat support (EUR, GBP) 
  4. Demo account 
  5. High leverage (200x) 
  6. 24/7 support 
  7. Multi-language interface 
  8. Advanced order types 
  9. Mobile app availability 
  10. Multiple chart types (candlestick, line) 
  11. Cold wallet storage 
  12. Two-factor authentication (2FA) 

Cons 

  1. No crypto staking
  2. Newer platform 
  3. No NFT marketplace 
  4. No OTC desk for large trades 
  5. No built-in tax reporting tools 

2. Phemex review

Phemex has secured the #2 spot on our list of top crypto exchanges for European traders, and for good reason. This Singapore-based platform offers a rich suite of features that both day traders and long-term investors can benefit from. It’s also a strong contender as a crypto exchange Singapore platform if you are based there. But let’s keep going. 

 For active traders, Phemex delivers lightning-fast execution speeds and leverage options up to 100x on contract trading, according to Michael, our crypto specialist. Imagine turning a €100 position into a €10,000 one with a single click. This is one of the most used features on the platform and I understand why. Many traders get their first contact with crypto with a small balance, but with leverage, this can change. However, keep in mind that leverage is extremely risky so trade the markets carefully. 

 The platform supports over 400 cryptocurrencies, including popular ones like Bitcoin, Ethereum, and Ripple, as well as emerging altcoins.  

 Long-term holders aren’t left out. Phemex’s Earn feature allows you to stake your crypto and earn passive income. For example, you can earn up to 8.5% APY on USDT deposits. European users will appreciate the Euro-denominated trading pairs and SEPA transfer support. 

 Upon signing up, you’ll unlock a demo account with $100,000 virtual USD to test your strategies risk-free. The platform also offers sub-account features for managing multiple portfolios and a mobile app that keeps you connected to the market 24/7. 

Fees 

Pros 

  1. Fast order execution speeds 
  2. Demo account for practice trading 
  3. 24/7 customer support 
  4. Mobile app for trading on-the-go 
  5. Earn feature for passive income 
  6. Offers conditional orders for advanced trading strategies 
  7. Cross-margin and isolated margin options for contract trading 
  8. Implements a dual price mechanism to prevent market manipulation 
  9. Offers a contract insurance fund for added trader protection 
  10. Implements a mark price system to prevent unfair liquidations 
  11. Euro (EUR) trading pairs available 
  12. Supports SEPA transfers for some European countries 
  13. Compliant with European financial regulations 

Cons 

  1. No OTC desk for large volume trades 
  2. Potential for liquidation with high leverage trading 
  3. No options trading available 
  4. Limited liquidity for some trading pairs 
  5. Absence of a dedicated institutional trading desk 
  6. Potential currency conversion fees for non-EUR deposits 
  7. No physical presence or offices in Europe 

3. Binance review 

Binance is a leading crypto exchange in Europe that has become a go-to platform for traders living in the Euro area, and it’s easy to see why. With over 600 cryptocurrencies available, including major players like Bitcoin and Ethereum, and smaller altcoins, Binance has something to offer for both day traders and long-term investors.  

The platform boasts competitive trading fees starting at just 0.1%, making it an attractive option for active traders who rely on quick entries and exits with several trades executed in one day said Rob, our crypto expert. 

For those focused on long-term growth, Binance Earn provides opportunities to stake assets and earn up to 20% APY, allowing your investments to work for you. European users benefit from EUR trading pairs and SEPA transfer support, which lets you both deposit and withdraw in your currency. Binance shines as a trading platform for altcoins, with high liquidity across most pairs. 

Binance is considered the safest crypto platform for security-conscious traders with bank-grade security protocols to protect your account and all the customer funds on the platform. The account security section is full of extra features to keep your account safe from outside attacks. 

When you sign up for Binance, you’ll gain access to advanced trading features, including futures with leverage up to 125x, a user-friendly mobile app, and educational reading through Binance Academy. Whether you’re scalping or holding, Binance should be on your list of platforms to try out. The platform’s leverage options of up to 125x make it suitable for traders looking to maximize short-term gains, ideal for a crypto exchange for short-term trading but keep in mind that leverage increases the risk of loss.  

 Fees 

Pros 

  1. High liquidity across many trading pairs 
  2. Binance Earn for passive income opportunities 
  3. Strong security measures (SAFU fund, 2FA) 
  4. Binance NFT marketplace 
  5. Binance DEX for decentralized trading 
  6. Stop loss crypto platform for risk management 
  7. High leverage options (up to 125x on futures) 
  8. Cross-collateral margin for diversified risk 
  9. Advanced charting tools with TradingView integration 
  10. EUR trading pairs available 
  11. SEPA transfers supported for many European countries 
  12. Compliance with European financial regulations 
  13. European language support for customer service 

Cons 

  1. KYC requirements for higher limits 
  2. Limited margin trading options for some regions 
  3. High fees for credit/debit card purchases 
  4. No direct integration with external wallets 
  5. Regulatory challenges in some European countries 
  6. Potential delays in EUR withdrawals due to SEPA processing 
  7. Potential currency conversion fees for non-EUR deposits 

4. MEXC review 

MEXC has quickly gained a reputation as one of the best crypto trading platforms in Europe, offering something for every type of trader. With over 1,500 trading pairs, MEXC is a go-to derivatives crypto exchange for traders looking to trade futures with up to 125x leverage. Its spot trading fees of 0.2% make it attractive for day traders, especially those using the crypto margin trading exchange option. 

For European traders, the platform supports multiple fiat currencies and payment methods in the EU, making deposits and withdrawals fast and easy across the continent. MEXC is an anonymous crypto exchange that is perfect for those who want to stay under the radar as you can trade completely free from KYC documentation said Michael, our crypto expert. 

What sets MEXC apart is its competitive fees—just 0.2% for spot trading, with even lower rates for futures. This makes it an economical choice for scalp traders looking to reduce their costs. For those into leveraged trading, MEXC offers up to 125x leverage, along with advanced order types, and TradingView charts. Be mindful of the high risks when trading with leverage. 

Long-term investors aren’t left out either. MEXC offers staking and savings products that enable users to earn passive income on their crypto holdings. Sometimes you can find APY’s of up to 20%, depending on the coin. 

 Fees 

Pros 

  1. Low trading fees (0.2% for spot trading) 
  2. Mobile app for trading on-the-go 
  3. Staking and savings products for passive income 
  4. No KYC required for basic accounts 
  5. Advanced order types (e.g., stop-limit, OCO) 
  6. Offers perpetual futures contracts 
  7. Provides a demo account for practice trading 
  8. Implements a dual price mechanism to prevent market manipulation 
  9. Offers copy trading features 
  10. Supports EUR trading pairs 
  11. Offers SEPA transfers for some European countries 
  12. Compliant with European financial regulations 
  13. Provides multi-language support including several European languages 
  14. Offers Euro-denominated contracts for futures trading 

Cons 

  1. Higher withdrawal fees for some cryptocurrencies 
  2. Limited liquidity for some exotic trading pairs 
  3. No native token for fee discounts or ecosystem benefits 
  4. Limited fiat currency options compared to some Europe-specific exchanges 
  5. Potential currency conversion fees for non-EUR deposits 
  6. No specific European regulatory licenses (e.g., no FCA or BaFin regulation) 

5. BTCC review 

BTCC is listed as the best crypto exchange in Europe with the highest leverage, offering up to 225x leverage on futures contracts. Established in 2011, the platform is designed for both beginners and experienced traders. With a modern app for crypto trading, BTCC provides detailed order book visualization tools for those who want advanced analytics. 

With support for over 300 cryptocurrencies, BTCC provides a wide range of trading options, including spot trading, futures, and perpetual swaps. It also has a great crypto scalping platform that is optimized for fast trading with low slippage and an ultra-fast order matching engine reported Michael, our crypto guru. 

The platform’s fees are great—0.1% for spot trading and as low as 0.02% for makers and 0.06% for takers in futures. For European traders, BTCC supports EUR trading pairs and SEPA transfers, making deposits and withdrawals a no problem at all. It also comes with a demo account for practice and a mobile app for trading on the go. 

If you’re looking for high-leverage trading or want to explore different crypto markets, BTCC has the tools and flexibility to help you succeed. Prepared with TradingView charts and some of the lowest fees among its competitors, it’s a solid option for crypto traders across Europe. 

For those trading from across the Atlantic, in the United States, you should know that BTCC is one of the best crypto trading platforms in the USA as it offers trading without VPN. 

Fees 

Pros 

  1. High leverage options (up to 225x for some contracts) 
  2. Offers staking and savings products for passive income 
  3. Fast order execution speeds 
  4. Advanced order types (e.g., stop-limit, OCO) 
  5. Offers perpetual futures contracts 
  6. Provides a launchpad for new token offerings 
  7. Cross-margin and isolated margin options for contract trading 
  8. Advanced market maker protection mechanisms 
  9. Offers copy trading features 
  10. Customizable trading interface. 
  11. Detailed order book visualization tools. 
  12. Sandbox environment for strategy testing 

Cons 

  1. No options trading available. 
  2. Limited derivative product range. 
  3. No automated trading bot support. 
  4. Lack of exotic trading pairs. 
  5. Limited fiat options compared to local exchanges. 
  6. Potential currency conversion fees on deposits. 

6. Bingx review

 

BingX has quickly become one of the top crypto trading platforms in Europe since its launch in 2018. With over 10 million users globally, it has all the essential tools for both day traders and long-term investors. The platform offers over 750 cryptocurrencies, industry-low fees starting at 0.1% for spot trading, and a next-generation interface that simplifies trading for everyone. 

For active day traders, BingX includes features like futures trading with up to 125x leverage, along with copy trading and grid trading bots. These tools allow users to automate their trades and follow successful traders, something that traders are using to make 2x, 5x, and even up to 10x on their capital each year. Long-term investors can take advantage of BingX Wealth, a feature that lets users earn interest on their idle funds, said Michael, our crypto pro. 

Security is a key focus at BingX, with 2FA, anti-phishing codes, and 100% Proof of Reserves in place to protect user funds. The platform is compliant with EU regulations and has excellent security features like 2FA and is also a perfect crypto exchange in Netherlands for Dutch European traders. 

Fees 

Pros 

  1. Spot, futures, copy trading, and grid trading 
  2. High leverage: Up to 125x leverage for certain trading pairs 
  3. Copy trading feature: Allows users to replicate trades of successful traders 
  4. Demo trading: VST currency for risk-free practice trading 
  5. Multi-language support: Over 20 languages available 
  6. BingX Wealth: Asset management service for earning interest on idle funds 
  7. Shark Fin product: Principal-guaranteed wealth product 
  8. Tiered VIP system: Lower fees for higher-volume traders 
  9. Fiat currency support: Over 100 fiat currencies supported 
  10. Trigger Reverse and One-Way Mode for futures trading 
  11. BingX Academy for learning about trading 

Cons 

  1. Mixed user reviews: Some negative feedback regarding customer support 
  2. Lack of advanced order types: Limited options compared to some competitors 
  3. No DeFi wallet integration: Unlike some competitors like Bitget 
  4. No SEPA support: Direct Euro deposits may be challenging for EU traders 
  5. No fiat-to-crypto on-ramp: Users need to deposit crypto or use third-party services 
  6. No native token: Unlike exchanges with utility tokens offering additional benefits 

What to look for when choosing a platform 

When picking a crypto exchange in Europe, you want to make sure you’re not getting hit with high fees, and that the platform is secure and reliable. For example, BYDFi offers low fees, with spot trading fees ranging between 0.1% and 0.3%, and no fees on deposits, which can save you a lot of money if you trade frequently. Liquidity is also important—Binance, for instance, is known for high liquidity, meaning your trades are executed quickly without slippage, especially when trading popular pairs like BTC/EUR.  

Security should be a top priority too. Exchanges like BingX offer two-factor authentication (2FA), anti-phishing codes, and proof of reserves to protect your funds. Finally, make sure the platform supports local currencies like EUR and GBP, and offers SEPA transfers for easy deposits and withdrawals. 

Things to consider before starting out 

Before getting into crypto trading, it’s essential to define your strategy and understand the costs involved. Are you planning to day trade or hold your assets long-term? For example, Phemex offers lightning-fast execution speeds and up to 100x leverage, which is perfect for day traders looking to capitalize on short-term market movements.  

However, if you’re more of a long-term investor, platforms like MEXC allow you to stake your assets and earn up to 20% APY on certain tokens, helping your portfolio grow passively. Fees can add up, so platforms like MEXC, with its 0.2% maker and taker fees, are worth considering for frequent traders. Finally, always prioritize security by enabling 2FA and storing larger amounts in cold wallets when possible. 

What are the most common risks of trading cryptocurrency? 

Below are the most common risks to trading cryptocurrencies: 

Is crypto legal in Europe? 

Yes, crypto is legal in Europe, but the level of regulation varies between countries. In the European Union, exchanges like BYDFi must comply with AMLD5, which requires KYC and AML procedures. This means you’ll have to verify your identity before trading, which adds a layer of protection.  

Countries like Germany, under BaFin regulations, have stricter rules compared to more crypto-friendly nations like Malta. Platforms like Binance and Phemex offer compliance with European regulations, including SEPA transfers for easy deposits and withdrawals. It’s important to keep up with local laws, as tax regulations on crypto gains also differ by country. 

Are there any specific laws around crypto trading in European countries? 

Yes, European countries are increasingly tightening their regulations around crypto. For example, Germany, one of the stricter jurisdictions, requires exchanges to register with BaFin (the German Financial Authority), and traders are taxed on their capital gains. Malta, on the other hand, is known for its crypto-friendly stance, with lower tax burdens and a more supportive regulatory environment.  

Most exchanges operating in Europe, like Binance and BTCC, comply with the EU’s AMLD5, meaning they require KYC verification and comply with anti-money laundering laws. It’s important to check if the exchange you’re using is regulated in your specific country and if your trades have any tax implications. 

Benefits and advantages of trading crypto 

Trading crypto comes with a ton of advantages, especially for European users. For starters, the market never closes—you can trade 24/7, unlike traditional stock markets. If you’re using a platform like BYDFi or Phemex, which offer lightning-fast execution and high leverage, you can take advantage of market movements even in off-peak hours. Volatility is a double-edged sword, but it can mean big opportunities if you’re prepared.  

For example, day traders using MEXC’s futures contracts with up to 125x leverage can capitalize on even the smallest price movements. Beyond trading, exchanges like Binance offer staking and savings products where you can earn up to 20% APY, turning your idle crypto into a passive income stream. And with platforms like BingX offering copy trading, even beginners can benefit by following successful traders. 

FAQs 

What is the easiest way to buy cryptocurrency in Europe? 

The easiest way is to use a platform that supports SEPA transfers or credit card payments, such as Binance or BYDFi. 

Are there any cryptocurrency exchanges based in Europe? 

Yes, several exchanges like Bitstamp and Bitpanda are based in Europe and cater specifically to European users. 

How are cryptocurrency gains taxed in Europe? 

Tax laws vary by country, but most European nations treat cryptocurrency gains as taxable income, subject to capital gains tax. 

Can I trade cryptocurrency anonymously without KYC in Europe? 

Most regulated platforms require KYC, except BYDFi and BTCC. However, decentralized exchanges (DEXs) may allow trading without KYC, but with limitations. 

Which crypto exchange has the lowest fees for European traders? 

BYDFi and MEXC offer some of the lowest trading fees for European traders, starting as low as 0.1% for spot trading and from 0% to 0.03% for contract trading. 

What is the best exchange for beginners in Europe? 

Phemex and BYDFi are both beginner-friendly, offering demo accounts and easy-to-use interfaces for new traders. 

Can I withdraw euros (EUR) from crypto exchanges in Europe? 

Yes, many exchanges like Binance and Phemex support EUR withdrawals via SEPA transfers. 

How long does it take to verify an account on European crypto exchanges? 

Verification times vary but typically take between a few minutes to 24 hours, depending on the platform. BYDFi, however, is the fastest exchange and will verify your account within a couple of hours during the week.  

Conclusion 

Choosing the right crypto exchange in Europe can make a huge difference in your trading experience. Whether you’re a day trader looking for fast execution or a long-term investor seeking passive income, there’s a platform for you. BYDFi and Phemex offer low fees and advanced features, while Binance provides access to a wide range of altcoins. MEXC stands out for its low maker fees, and BTCC is ideal for traders who need high leverage. The key is to find a platform that matches your trading style, offers strong security, and supports your local currency. 

Want to find the perfect exchange? Keep reading to see which platform best suits your needs and goals. 

If you are a trader from Canada, I suggest that you check out our guide on the best crypto trading platform in Canada where you will find the most up-to-date list. 

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