Best Crypto Brokers in Greece for 2024

Written by Zornitsa Stefanova

Zornitsa Stefanova

Zornitsa Stefanova is experienced forex and crypto analyst. She also covers various financial topics such as stocks trading and retirement investments.

, | Updated: August 26, 2024

Greece is witnessing a considerable increase in cryptocurrency activities as more and more tech-savvy residents are starting to recognize the potential of this new form of investment. Official data suggests the number of cryptocurrency users in the country is projected to hit 6.34 million people by 2025, with penetration rates reaching nearly 62% next year. If you are Greek and wish to join the crypto revolution, this page would be a great starting point.

Our team worked tirelessly to single out the most reliable crypto brokers and exchanges available to Greek residents. We compared dozens of trading platforms, evaluating them based on multiple criteria, to pick out the best Greece-friendly crypto brokers and exchanges with the sharpest spreads, the most reliable order execution, and the richest selection of competitively priced crypto markets. Continue reading to learn more about our top picks.

1Fusion Markets

Rating: 4.9 ⭐

74-89% of retail CFD accounts lose money

Top Rated

2FP Markets

Rating: 4.8 ⭐

73.85% of retail investor accounts lose money

3Pepperstone

Rating: 4.7 ⭐

75.5% of retail investor accounts lose money

4IC Markets

Rating: 4.6 ⭐

70.64% of retail investor accounts lose money

5AvaTrade

Rating: 4.5 ⭐

76% of retail investor accounts lose money

6Capital.com

Rating: 4.3 ⭐

75% of retail investor accounts lose money

7eToro

Rating: 4.2 ⭐

51% of retail investor accounts lose money

8Plus500

Rating: 4.1 ⭐

80% of retail investor accounts lose money

9FxPro

Rating: 3.7 ⭐

74% of retail investor accounts lose money

10XTB

Rating: 3.6 ⭐

80% of retail investor accounts lose money

Greek Crypto Brokers Ranked by Trustpilot Score

Top 10 Greek Crypto Brokers with Low Spreads

Top 10 Crypto Brokers in Greece

1. TRADE NOW READ REVIEW
   1. eToro

   Minimum Deposit	$/€50
   Regulation	ASIC, FCA, DFSA, AMF, CySEC, SEC, FSRA, GFSC, MFSA, FSA (Seychelles), DNB
   Tradable Coins	Bitcoin, Ethererum, Bitcoin Cash, XRP, Dash, Litecoin, Ethereum Classic, API3, Cronos, Skale Network, IoTex, Immutable X, Cardano, IOTA, Stellar, EOS, NEO, TRON, ZCash, Build Tezos, Polkadot, Maker, Compound, Chainlink, Uniswap, Yearn. finance, Dogecoin, Aave, Filecoin, Algorand, Cosmos, Decentraland, ApeCoin, Loopring, Enjin, Biconomy, Basic Attention Token, Bancor, Origin Protocol, Polygon, Flare, Gala V2, My Neighbor Alice, Chiliz, Hedera Hashgraph, dYdX, Solana, Theta
   Software	OpenBook (social trading platform), WebTrader (proprietary platform)
   Crypto Leverage	2:1 (Retail)
   Fees	Free (performance fees may apply)
   Exchange/Wallet Service	Yes
   Deposit Methods	Visa, Mastercard, Skrill, Neteller, PayPal, Klarna, Bank Transfer
   Withdrawal Methods	Visa, Mastercard, Skrill, Neteller, PayPal, Bank Transfer

   Few online trading platforms can outcompete eToro when it comes to reputation, global presence, and selection of tradable assets. The renowned company is a global leader in low-cost trading, offering tight spreads and excellent conditions for over 6,000 financial markets. Greek customers at eToro can use the proprietary wallet eToro Money to store actual cryptocurrencies and earn staking rewards for holding their digital coins.

   The platform provides an excellent choice from over 100 tradable coins, 14 crypto crosses, 63 crypto-fiat crosses, and 1 commodity cross (GOLD/BTC). Clients reluctant to buy and sell actual cryptocurrencies can gain exposure to the markets through crypto CFDs with a retail leverage cap of 2:1.

   The global broker is fully transparent about its trading conditions, charging a 1% commission per side for all crypto CFD orders. Greek customers are eligible for staking rewards when holding popular altcoins like ADA, ETH, SOL, and TRX. Staking rates range from 45% to 90%, depending on the eligible coin and your loyalty tier in eToro Club.

   Key Pros

   • Offers 105 tradable coins and 63 crypto-fiat crosses
   • Greek customers have access to the eToro Money crypto wallet
   • Licensed by 3 tier-1 EU regulators
   • Greek crypto holders have access to staking rewards
   • Reputable company with a global presence in over 100 countries

   Key Cons

   • Greek customers are ineligible for eToro Money debit cards
   • Staking is available for a limited range of crypto coins
   • ETH staking requires opting in
   CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
2. TRADE NOW READ REVIEW
   2. FP Markets

   Minimum Deposit	€50 (€100 for bank transfers)
   Regulation	CySEC, ASIC, FSCA, FSA (Seychelles)
   Tradable Coins	12 (ETH, BCH, BTC, EOS, DOT, and more)
   Software	MT4, MT5, TradingView, cTrader
   Crypto Leverage	10:1
   Fees	Spreads: 18.85 for BTC/USD, 4.5 for ETH/USD, 0.0027 for ADA/USD, 0.0008 for LTC/USD Swap fees: -40 (long), -5 (short) for BTC/USD; -30 (long), -10 (short) for ETH/USD
   Exchange/Wallet Service	No
   Deposit Methods	Visa, Mastercard, Neteller, ApplePay, GPay, Broker to Broker, Crypto
   Withdrawal Methods	Visa, Mastercard, Neteller, Crypto, Bank Transfer

   Established in 2005, FP Markets is a prominent online broker that attracts traders with a combination of seamless execution, proactive support, transparent pricing, and a robust regulatory background. The company accepts Greek customers with a Cyprus license, offering a choice of 12 heavily traded digital coins, including BTC, SOL, ADA, LTC, and ETH.

   Customers can trade on leverage without setting up a crypto wallet as FP Markets provides a range of reasonably priced CFDs, enabling clients to profit both from rising and falling crypto prices. Greek traders can place crypto orders via MT4 and MT5 and enjoy full access to customizable price alerts, single-click trading, and live price streaming.

   FP Markets delivers average order execution of under 40 milliseconds, minimizing the risks of slippage and requotes. Greek crypto traders can fund their live accounts in EUR, using secure payment methods like Visa, Mastercard, PayPal, Skrill, and Neteller. Depositing via bank transfers is the alternative but minimum deposits are higher at €100 compared to €50 for the other supported solutions.

   Key Pros

   • Chat support in 12 languages
   • Independently audited by PremioServe Limited (Cyprus)
   • A competitive pricing structure
   • Offers account funding in EUR, GBP, and USD
   • No commissions on crypto CFDs

   Key Cons

   • E-wallet withdrawals attract extra fees of 1%
   • Limited learning content for cryptocurrency trading
   • The CySEC-regulated website does not support Greek
   CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.92% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
3. TRADE NOW READ REVIEW
   3. FxPro

   Minimum Deposit	€100 (€1,000 recommended minimum)
   Regulation	CySEC, FCA, FSCA, SCB, FSA (Seychelles)
   Tradable Coins	29 (BTC, BNB, SOL, ADA, BAT, AAVE, ETH, and more)
   Software	MT4, MT5, cTrader, FxPro Edge (proprietary)
   Crypto Leverage	2:1 for retail, 20:1 for professional clients
   Fees	Spreads: 77.69 for BTC/USD, 7.41 for ETH/USD, 1.09 for SOL/USD, 0.001 for ADA/USD
   Exchange/Wallet Service	No
   Deposit Methods	Visa, Mastercard, Maestro, PayPal, Neteller, Skrill, Bank Transfer, Broker to Broker
   Withdrawal Methods	Bank Transfer, PayPal, Visa, Mastercard, Maestro, Neteller, Skrill, Broker to Broker

   Licensed by CySEC and FCA, FxPro is a multi-award-winning broker serving millions of clients from over 170 countries. The broker attracts customers with industry-leading execution speeds of 12 milliseconds, a solid regulatory background, and exceptional support service in multiple languages. Greek traders looking to wet their feet in cryptocurrency trading can choose from 29 digital coins and tokens.

   The selection of cryptocurrencies is tradable via cTrader, MT4, and MT5. The available digital coins are traded as CDFs in pairs against the US dollar. Customers will benefit from regular crypto market news and user-friendly crypto trading calculators, enabling them to conveniently estimate their trading costs and necessary margin.

   FxPro provides leverage of 2:1 to retail traders from Greece and other EU countries. Clients eligible for professional accounts can bolster their crypto positions with maximum leverage of 20:1. The minimum contract size for crypto CFDs generally starts from 0.01 lot. Traders registered through the CySEC entity can fund their accounts in EUR via bank transfers, bank cards, and e-wallets without incurring additional processing fees.

   Key Pros

   • Boasts average execution speeds of 12 milliseconds
   • Winner of over 110 international awards
   • Over 15 years of market experience
   • Provides multilingual support in over 17 languages
   • Offers 29 cryptocurrencies and altcoins

   Key Cons

   • Support is available only on weekdays
   • Slightly higher spreads compared to other recommended brokers
   • The proprietary platform is available in English only
   Trade Responsibly. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
4. TRADE NOW READ REVIEW
   4. Fusion Markets

   Minimum Deposit	€0
   Regulation	ASIC, VFSC, SFSA
   Tradable Coins	13
   Software	MT4, MT5, TradingView, cTrader, DupliTrade, Fusion+, MAM/PAM
   Crypto Leverage	2:1 (Retail)
   Fees	BTC/USD – 10.63 min spread; Bitcoin trading fee – 0.06%; no commission fees on crypto CFDs
   Exchange/Wallet Service	No
   Deposit Methods	Visa, Mastercard, Jeton, Perfect Money, Bank Transfer
   Withdrawal Methods	Jeton, Perfect Money, Bank Transfer

   Fusion Markets is a reliable online broker offering razor-sharp spreads and commission-free trading for 13 cryptocurrency markets, including BTC/USD, ETH/USD, BNB/USD, and ADA/USD. Greek customers can place their orders via popular third-party platforms like MT4, MT5, TradingView, and cTrader, all available at no cost. Spreads for select crypto crosses drop as low as 0.0 pips, making Fusion Markets a highly appealing option for budget-conscious traders.

   The broker falls under the oversight of ASIC, VFSC, and FSA and currently lacks licenses from major European regulators. Nonetheless, Fusion Markets ensures high levels of customer satisfaction, achieving an excellent 4.5-star rating on Trustpilot. Customers have access to round-the-clock support in multiple languages and can choose from plenty of free deposit and withdrawal options, including cryptocurrencies like Bitcoin, Ethereum, and Ripple.

   Fusion Markets can accommodate crypto traders across the board, no matter their budget. The broker has no minimum deposit requirements, enabling Greek customers to invest as little as they can afford. Cryptocurrency traders can pick from two main account types, Zero and Classic, but practicing with a demo account is also possible. Greek clients can register EUR-based live accounts to avoid incurring additional fees for currency conversion.

   Key Pros

   • Offers spreads as low as 0.0 for select crypto markets
   • Provides commission-free crypto CFDs
   • No need to set up a crypto wallet
   • Offers EUR-based live accounts
   • Accepts deposits and withdrawals in BTC, ETH, LTC, XRP, and USDT

   Key Cons

   • Could expand its range of available crypto markets
   • Lacks licenses from reputable EU regulatory bodies
   • Greek is not supported as a language option
   Gleneagle Asset Management Limited (ABN 29 103 162 278) trading as Fusion Markets, is the issuer of the Fusion Markets Products described in this communication. Trading in Fusion Markets Products involves the potential for profit as well as the risk of loss which may vastly exceed the amount of your initial deposit and is not suitable for all investors. You should read all of these Financial Product Service Terms, the Product Disclosure Statement (PDS) and the Financial Services Guide (available on our website) carefully, consider your own financial situation, needs and objectives for investing in these Fusion Markets Products and obtain independent financial advice.
5. TRADE NOW READ REVIEW
   5. AvaTrade

   Min Deposit	€100
   Regulations	ASIC, CySEC, IIROC, JFSA, CBI, DFSA, FSCA, ISA, BVI FSC
   Tradable Coins	16 (BTC, ETH, SOL, EOS, MIOTA, XRP, NEO, and more)
   Software	MT4, MT5, ZuluTrade, DupliTrade, AvaTradeGO, AvaSocial
   Crypto Leverage	2:1
   Fees	0.10% Over-market spread for BTCUSD 0.15% Over-market spread for ETHUSD
   Exchange/Wallet	No
   Deposit Methods	Visa, Mastercard, Maestro, Wire Transfer; Other countries: Skrill, WebMoney, Neteller
   Withdrawal Methods	Visa, Mastercard, Maestro, Wire Transfer; Other countries: Skrill, Neteller, WebMoney

   AvaTrade delivers a first-class trading experience to crypto enthusiasts from Greece, catering to their needs with 16 digital coins. The multi-regulated brokerage provides comprehensive coverage of all major cryptocurrencies and altcoins, including Bitcoin, Bitcoin Cash, Ripple, Ethereum, Dash, Stellar, and Litecoin. Speculating on the moving prices of BTC/XAU is another option. Greek traders can find further diversification by incorporating the Crypto10 Index into their portfolios.

   The award-winning broker operates with licenses from 9 jurisdictions, including Cyprus, Ireland, Japan, and Australia. Crypto traders can place orders via MT4 and MT5, although coins like Shiba Inu and Solana are tradable through MT5 only. AvaTrade accommodates large-scale crypto traders with maximum position limits of €750,000 for Bitcoin crosses, €500,000 for Ethereum, and €200,000 for Litecoin and Bitcoin Cash.

   Crypto rookies will benefit from a plainly-written, yet comprehensive crypto trading guide. Greek traders can top up their accounts with bank transfers, credit, and debit cards. The broker supports deposits with Skrill, Neteller, and WebMoney but these methods are unavailable to EU-based customers.

   Key Pros

   • Provides multilingual support via live chat, email, and telephone
   • Licensed by CySEC and the Central Bank of Ireland (CBI)
   • Offers CFDs for the Crypto10 Index
   • A high maximum limit on crypto positions ($1.5 million combined)
   • A step-by-step guide on cryptocurrency trading

   Key Cons

   • SHIB, MATIC, and SOL are tradable through MT5 only
   • Greek and EU customers cannot deposit with Skrill and Neteller
   • Higher minimum deposits compared to other recommended brokers
   CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
6. TRADE NOW READ REVIEW
   6. Plus500

   Minimum Deposit	$100 (AU$200)
   Regulation	ASIC, FMA, CySEC, MAS, FCA, ISA, SFCA, FSA (Seychelles)
   Tradable Coins	20 coins, 1 crypto index
   Software	Proprietary
   Crypto Leverage	2:1
   Fees	Spread: 0.3% for BTC/USD, 0.60% for the Crypto 10 Index
   Exchange/Wallet Service	No
   Deposit Methods	BPAY, Visa, Mastercard, Skrill, PayPal, Bank Transfer, Apple Pay
   Withdrawal Methods	Visa, Mastercard, PayPal, Skrill, Bank Transfer

   Plus500 launched in 2008 with a principal focus on delivering low-cost trading with contracts for difference (CFDs) across all major asset classes, including forex, stocks, commodities, and indices. The broker has since expanded its portfolio with the addition of 21 crypto markets involving trading digital coins against the US dollar. Bitcoin, Ethereum, Polygon, Tron, and Polkadot comprise a small portion of the cryptocurrencies available to Greek customers who join Plus500.

   The broker caters to clients from Greece with a dedicated website available in their native language. Plus500 accommodates them with ultra-low spreads and no commissions on crypto trades. Customers looking for risk mitigation can speculate on the price fluctuations of the Crypto10 Index comprising the ten digital coins with the highest market capitalization.

   Those seeking further risk reduction can take advantage of the guaranteed stop losses offered by Plus500. Keep in mind this is a paid service, though. Plus500 offers live accounts in EUR as the base currency, allowing Greek traders to conveniently deposit with credit and debit cards, bank transfers, and several digital wallets. Deposits and withdrawals come at no extra cost, which is yet another benefit of trading here.

   Key Pros

   • Available in Greek
   • Facilitates trading with the Crypto10 Index
   • Greater risk mitigation via guaranteed stop losses
   • A well-rounded selection of crypto crosses
   • Razor-sharp spreads and no commissions for crypto CFDs

   Key Cons

   • No dedicated support phone line for Greek customers
   • Runs on proprietary software only (no support for MT4 or MT5)
   • Could expand its educational content for crypto traders
   CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
7. TRADE NOW READ REVIEW
   7. IC Markets

   Minimum Deposit	€200
   Regulation	CySEC, FSA, ASIC
   Tradable Coins	19 (BNB, ADA, DOGE, BTC, LINK, DOT, ETH, and more)
   Software	MT4, MT5, cTrader, TradingView
   Crypto Leverage	5:1 (Retail), 200:1 (Raw Trader Plus)
   Fees	BTC/USD – 2.210 pips min spread; No commission fees on crypto CFDs
   Exchange/Wallet Service	No
   Deposit Methods	PayPal, Wire Transfer, Broker to Broker, Visa (EUR,USD), Mastercard (EUR,USD), Skrill (EUR,USD), Neteller (EUR,USD)
   Withdrawal Methods	Visa, Mastercard, Skrill, Neteller, PayPal, Wire Transfer

   IC Markets caters to its global customer base with a versatile spectrum of over 2,200 financial markets, including 19 cryptocurrency crosses available at ultra-tight spreads. The market-leading broker welcomes Greek traders with a CySEC license, offering them perks like negative balance protection, automatic margin closeouts, and investor compensation of up to €20,000 per eligible client.

   Greek crypto enthusiasts can capitalize on price trend changes with competitively priced crypto CFDs for heavily traded crypto-fiat crosses like BTC/USD, BCH/USD, LTC/USD, BNB/USD, and ETH/USD. IC Markets does not charge exorbitant commissions on cryptocurrency positions. Traders must cover only the market spreads. Spreads are ultra-low with this broker, starting from 0.00 for pairs like DOGE/USD, XTZ/USD, and ADA/USD.

   The broker offers three account types to retail customers, all requiring an initial deposit of €200. Greek traders can deposit in EUR, although funding one’s account in USD or GBP is also possible. Customer support is on standby throughout the week, from 8 am to midnight. Traders get a competitive edge with IC Markets with advanced tools like single-click trading, advanced order types, and risk calculators. MT4, MT5, and cTrader are all supported by the broker.

   Key Pros

   • Falls under the tight regulation of CySEC
   • Sources liquidity from over 50 liquidity providers
   • Allows all trading styles and strategies
   • Offers commission-free crypto trading with low spreads
   • Spreads for select crypto crosses from 0.00

   Key Cons

   • Unavailable in Greek
   • Support is on standby from 8 am to 12 am only
   • Some crypto symbols may be unavailable on weekends
   CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
8. TRADE NOW READ REVIEW
   8. XTB

   Min Deposit	No minimum on Classic Account
   Regulations	FINMA, DFSA (Denmark), CySEC
   Tradable Coins	41 (ADA, MATIC, LTC, BTC, ETH, SAND, VET, and more)
   Software	SaxoTraderGO, SaxoTraderPro
   Crypto Leverage	5:1
   Fees	Variable spreads on major crypto pairs
   Exchange/Wallet	No
   Deposit Methods	Visa, Mastercard, Bank Transfer, PayPal
   Withdrawal Methods	Bank Transfer

   The history of XTB started in Poland over twenty years ago, but the broker gradually extended its global reach to over 170 jurisdictions, including Greece. The company operates with licenses from prominent EU regulators like the FCA, KNF, and CySEC. It trades publicly on the Warsaw Stock Exchange and has offices in multiple countries, including France, Germany, and the UK.

   XTB strives to deliver the best possible experience to its global customer base and achieves this by offering razor-sharp spreads for an enormous selection of over 2,300 financial markets. This impressive product lineup includes over 40 cryptocurrency CFDs tradable with leverage of up to 2:1. Spreads start from 0.22% of the market price for major cryptos like Bitcoin.

   In step with CySEC requirements, retail traders from Greece can rest assured their losses will never be greater than their available balance. Crypto traders can further reduce their risk with advanced pending, take-profit, and stop-loss orders. The well-respected broker does not charge extra deposit fees and has no minimum threshold on initial investments.

   Key Pros

   • Quick and easy registration within 15 minutes
   • A diverse spectrum of over 40 cryptocurrencies
   • Crypto spreads as low as 0.22% of the market price
   • Very low swap fees on overnight crypto positions
   • Lots of options for portfolio diversification (2,300+ instruments)

   Key Cons

   • Provides support only on weekdays
   • Withdrawals below €100 attract additional fees
   • Offers a proprietary platform only (no MT4 or MT5)
   CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
9. TRADE NOW READ REVIEW
   9. Pepperstone

   Min Deposit	€0
   Regulations	ASIC, FCA, CySEC, DFSA, CMA, SCB, BaFin
   Tradable Coins	9 major and 18 minor cryptocurrencies, and three crypto indexes
   Software	MT4, MT5, cTrader, TradingView
   Crypto Leverage	2:1
   Fees	BTCUSD Standard Account Minimum Spread – 17; Standard Account Average Spread – 25 ETHUSD Standard Account Minimum Spread – 3; Standard Account Average Spread – 3.10
   Exchange/Wallet	No
   Deposit Methods	BPAY, Visa, Mastercard, PayPal, Bank Transfer, Skrill, Neteller
   Withdrawal Methods	Visa, Mastercard, Neteller, PayPal, Bank Transfer, Skrill, BPAY

   Since its launch in 2010, Pepperstone has established itself as a prominent player on the online trading scene, building a loyal following of over 400,000 satisfied customers worldwide. The renowned brokerage wins clients over with highly competitive trading conditions, rock-bottom spreads, and a robust selection of over 1,200 tradable instruments across all major asset classes. This includes a comprehensive selection of CFDs for 21 crypto coins and 3 high-cap crypto indices.

   Customers can make the most of cryptocurrency volatility by speculating on the prices of BTC, LTC, ETH, ADA, DOT, XRP, and others. The market-leading broker delivers lightning-fast order execution without dealing desk intervention, boasting impressive order fill rates of over 99.87%. Spreads for select crypto-fiat crosses like XLM/USD are as low as 1.2, with no commissions on crypto positions.

   Greek clients can get into the game with any amount they can spare as Pepperstone has no minimum deposit requirements. The broker offers free funding and withdrawals in EUR and 9 other base currencies. Greek traders can fund their live accounts quickly and securely via familiar payment solutions like Visa, Mastercard, PayPal, and SEPA bank transfers.

   Key Pros

   • Informative articles and educational videos for crypto trading
   • Facilitates crypto index trading
   • A good selection of trading platforms (4 third-party and 1 proprietary)
   • Ensures top-tier liquidity
   • No funding and withdrawal fees

   Key Cons

   • Greek traders cannot load the website in their native language
   • SEPA bank transfers require up to 5 days
   • Guaranteed stop losses are unavailable
   CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
10. TRADE NOW READ REVIEW
    10. Capital.com

    Minimum Deposit	€20 (€250 for bank transfers)
    Regulation	CySEC, FCA, ASIC, FSA, SBC
    Tradable Coins	120+ crypto crosses and crypto-fiat pairs
    Software	MT4, TradingView
    Crypto Leverage	2:1 for retail, 100:1 for professional accounts
    Fees	Spreads: 106 for BTC/USD, 6 for ETH/USD, 0.01168 for XRP/USD, 0.74 for LTC/USDb>Overnight fees: -0.061664% (long) / 0.0137% (short) for BTC/USD and ETH/USD
    Exchange/Wallet Service	No
    Deposit Methods	Greece: Bank Transfer, Maestro, Visa, Mastercard, PayPal, Apple Pay, Skrill, Netellerb>Available in other countries: Sofort, Trustly, iDeal (the Netherlands), Przelewy24 (Poland), TrueLayer (the UK), Lean (UAE), Spei (Mexico)
    Withdrawal Methods	Bank Transfers, Visa, Maestro, Mastercard, Apple Pay, Skrill, PayPal, Neteller (e-wallet availability depends on country)

    Capital.com emerges as an appealing option for Greek traders seeking regulatory compliance, price transparency, and a versatile range of tradable instruments. The CySEC-licensed broker delivers seamless access to over 3,000 financial markets, including more than 120 crypto crosses and crypto-fiat pairs, readily available via CFDs. Trading the Crypto10 index is another option for customers.

    Traders keen on soccer clubs like Manchester United, Juventus, and Lazio can speculate on the price movements of their fan tokens. Greeks who are not fluent in English can load the trading portal in their native language. Capital.com offers competitive trading conditions with tight spreads and no commissions on leverage crypto positions.

    Retail clients can bolster their crypto positions with maximum leverage of 2:1, but crypto leverage ratios soar to 100:1 for customers classifying as professionals. Budget-conscious clients can use the built-in calculator to estimate potential crypto CFD profits and losses. Guaranteed stop losses are also available but the broker charges a premium for this service. Capital.com can accommodate beginner and large-scale traders, with a low threshold on minimum deposits (€20).

    Key Pros

    • A built-in crypto profit/loss calculator
    • Provides 24/7 support in 12 languages
    • Excellent consumer ratings on Trustpilot
    • Rare fan tokens like LAZIO, CITY, PSG, and JUV available for trading
    • Loading the website in Greek is an option

    Key Cons

    • Higher premiums for guaranteed stop losses
    • A €10 monthly administrative fee after 12 months of inactivity
    • Longer wait times when support staff is overloaded
    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Greek Crypto Exchanges Trustpilot Score

Top 3 Greek Crypto Exchanges Fees

Top 3 Crypto Exchanges in Greece

Crypto.com

Established in June 2016, Crypto.com is a regulatory-compliant exchange serving over 100 million customers worldwide. The platform has gained the approval of prominent regulators like the Bank of Spain, CySEC, FCA, and HCMC, which enables it to accept crypto traders from Greece. The multi-registered exchange allows customers to trade north of 350 digital coins on the spot with over 20 fiat currencies, including the EUR.

Derivatives and margin trading are currently off-limits for Greek clients but traders outside the EEA region can access leverage of up to 5:1 for popular coins like BTC, SOL, XRP, ETH, and ADA. Non-fungible tokens (NFTs) are yet another investment vehicle available to Greek customers. Traders from Greece are eligible for Visa-branded Crypto.com cards, giving them instant access to their digital holdings.

Customers who apply for the card receive up to 5% cashbacks when using it for purchases. Clients of the exchange can earn passive income simply for stashing their digital coins. Crypto.com offers staking rewards for 27 tokens and stablecoins, with annual rates reaching 19.07%.

Binance

Binance is a world-leading blockchain and cryptocurrency exchange serving millions of customers from over 100 jurisdictions. Clients from Greece are also welcome at Binance where they can sell, buy, and swap over 380 popular and emerging cryptocurrencies. Traders can store their purchased coins in a highly secure Web3 self-custody wallet that gives them complete control over their crypto holdings. Staking rewards are available for 16 eligible tokens, including ETH, SOL, DOT, SEI, and EOS.

Greek customers face a versatile product suite comprising perpetual futures, non-fungible tokens, spot and margin trading. Copy trading is another appealing service at Binance, allowing customers to follow seasoned crypto traders and replicate their positions. The platform provides a rich blend of educational materials to fledgling traders, while experienced investors benefit from valuable insights and institutional-grade analysis.

The leading exchange offers a competitive tier-based fee system where maker/taker fees range from 0.1000% / 0.0120% to 0.1000% / 0.0240%, depending on one’s 30-day trading volume. Greek clients can transact with time-efficient and secure payment methods, including cards, bank transfers, and online banking. Some supported payment solutions attract additional processing fees but the charges are nominal.

Gemini

Gemini is a beginner-friendly cryptocurrency exchange that enables buying, selling, and swapping over 100 digital coins. Committed to regulatory compliance, Gemini has procured licenses and registrations from the CBI, NYDFS, FCA, and OAM. In late 2022, the exchange extended its market reach to Greece and its northern neighbor Bulgaria on the heels of registering with the Hellenic Capital Market Commission.

Customers can securely store their purchased coins in Gemini’s insured hot wallet, although the company provides an institutional-grade cold wallet as an alternative. The exchange’s proprietary platform ActiveTrader impresses with a clean and intuitive interface guaranteed to appeal to crypto traders at all experience levels.

Greek clients can engage in low-cost spot trading, with maker/taker fees ranging from 0.20% / 0.40% to 0.00% / 0.03% based on their 30-day trading volume. Greek traders who join Gemini are eligible for generous staking rewards of up to 4.49% for holding their SOL. Gemini also provides margin trading and perpetual futures but these derivative products are unavailable to customers from the UK, US, and EU for the time being.

Legal Status of Cryptocurrency Trading in Greece

Forecasts suggest crypto user penetration rates in Greece could hit a record 61.23% by the end of 2024. However, the country currently has no concrete regulatory framework for digital assets despite their broad usage and increasing popularity. Residents can freely engage in cryptocurrency trading as no specific legislation prohibits them from doing so. Nevertheless, altcoins and digital tokens are not considered legal tender for the time being, meaning that Greeks cannot use them to settle debts or pay their taxes.

• AML Legislation Extending to Cryptocurrencies

With this in mind, custodian wallet providers and exchanges facilitating services between digital and fiat currencies must comply with the country’s counter-terrorist financing (CTF) and anti-money laundering (AML) legislation, more specifically with Law 4734/2020. It amended Article 139 of Law 4557/2018 and incorporated EU Directive 2018/1673 on money laundering and terrorist financing prevention into the national legal framework through penal law.

The legislation aims to prevent individuals and businesses from using these platforms for illicit funds transfer into Greece and the EU. Crypto exchanges must actively cooperate with relevant law enforcement authorities and financial intelligence units. Custodian wallet providers and exchange platforms must also exercise customer due diligence. All onboarding clients must pass obligatory identity verification before depositing and engaging in crypto trading.

• Registration with the HCMC

Suspicious transactions should be reported to the Greek financial regulator and other relevant authorities. As per Decision 5/898/2020, all cryptocurrency exchanges and custodians must register with the Hellenic Capital Market Commission (HCMC). The registration is mandatory for all entities seeking to provide such servicing in or from the country.

Companies applying for registration must provide detailed information about their beneficial owners, principal shareholders, and internal audit procedures. Applicants must also submit comprehensive business plans and outline their risk assessment policies. It is worth pointing out that the HCMC does not directly supervise crypto trading activities but rather observes for compliance with the above-mentioned AML and CTF legislation.

• Overarching MiFID II Regulations

In cases where cryptocurrencies are categorized as financial instruments, their provision is subject to MiFID II regulations. Such is the case with contracts for difference (CFDs) involving the speculation on cryptocurrency prices without purchasing the underlying digital assets. Brokers providing such speculative instruments must obtain approval from the HCMC or another EU regulator. The MiFID framework introduced a special passporting regime, enabling brokers licensed in any EU country to provide services in other member states.

What Forms of Crypto Trading Are Legal in Greece

Greece currently has no national legal framework imposing specific restrictions on cryptocurrency trading. Most forms of crypto trading are available in the country, starting with contracts for difference (CFDs) where traders speculate on price fluctuations of digital assets without owning them. Crypto CFD providers can distribute their products within the country if they obtain permission from the HCMC or another relevant regulatory body in the EU.

1. Safeguards for Retail Crypto CFD Traders in Greece

   In line with MiFID requirements, regulated brokers must restrict retail leverage for crypto CFDs to 2:1. Negative balance protection should be available to all retail clients, ensuring they never end up owning more than the capital they have originally invested. Professional clients are ineligible for this safeguard. EU regulators assume professional investors are competent and experienced enough to shield themselves from market volatility.

   The other requirements imposed on EU-compliant crypto CFD providers are standardized risk warnings, automatic closeout of rapidly losing leveraged positions, and contributing to investor compensation schemes. Regulated brokers are also prohibited from advertising such high-risk products and cannot incentivize customers to trade CFDs by offering them bonuses.

2. Products Available at Greece-Friendly Crypto Exchanges

   HCMC-registered cryptocurrency exchanges commonly provide spot trading, which involves buying and selling digital coins at current market prices. It entails full ownership of the traded digital assets, allowing crypto owners to utilize their coins for other purposes. The absence of rollover fees for holding open positions overnight is another benefit of engaging in crypto spot trading.

   Some Greece-friendly crypto exchanges facilitate margin and futures trading, both of which involve using leverage. However, most HCMC-registered exchanges have removed these products from their Greek domains, presumably due to regulatory pressure under MiCAR and the higher level of risk they involve. While futures facilitate hedging and increase one’s market exposure, they may prove unsuitable for inexperienced investors unaccustomed to high volatility.

3. MiCAR’s Impact on Crypto Products Availability in Greece

   In April 2023, the European Securities and Markets Authority (ESMA) rolled out the Markets in Crypto-Assets Regulation (MiCAR). MiCAR is a harmonized framework governing the issuance and provision of digital assets and related services in the EU. It distinguishes between three main classes of crypto: utility tokens, asset-referenced tokens (ART), and electronic money tokens (EMT).

   The new framework imposes restrictions on the issuance and distribution of stablecoins that do not meet certain criteria. The first wave of MiCAR provisions became effective in late June 2024, forcing major exchanges like Binance to remove non-compliant stablecoins from their platforms. Restrictions are imposed on stablecoins used for more than one million transactions with a combined value of €200 million per day. MiCAR does not cover digital assets categorized as financial instruments subject to MiFID II regulations.

4. Prohibited Forms of Crypto Trading in Greece

   Selling, distributing, and marketing of crypto binary options is strictly prohibited in EU countries, including Greece. Regulators argue binary options are way too risky, susceptible to fraud, and similar to gambling. Brokers and trading platforms licensed in the EU bloc do not offer these highly speculative products to retail traders.

Who Regulates Crypto Trading in Greece

While cryptocurrencies are not subject to specific regulations in Greece and the EU, at least until the end of 2024, exchanges and custodians must register with the HCMC before entering into any transactions with Greek customers. As previously mentioned, interested businesses must provide comprehensive information about their shareholders, senior management, business plans, and internal audit procedures during the application process.

The HCMC normally evaluates registration applications within two months of receiving the required documents. The regulatory body charges a one-time €1,500 fee for processing applications. Approved entities pay additional fees of €1,000 per year to cover their AML supervision costs. Registered firms must meet stricter consumer protection requirements once MiCAR becomes fully effective at the end of 2024.

Greece residents can navigate to the official HCMC register to check the registration status of their crypto exchanges. Only 14 companies have registered as virtual asset service providers (VASPs) with the local regulatory body, including our first and third picks, Crypto.com and Gemini. The HCMC keeps a separate register of investment firms, intermediaries, and brokers offering their services in Greece through the EU passporting regime. Many crypto brokers transact with Greek customers with licenses issued by one of the following EU regulators:

• CySEC – Cyprus Securities and Exchange Commission

• CONSOB – Italian Companies and Exchange Commission

• BaFin – Federal Financial Supervisory Authority of Germany

• AMF – the French Autorité des marchés financiers

• AFM – the Netherlands Authority for the Financial Markets

• MFSA – Malta Financial Services Authority

• SFSA – Swedish Financial Supervisory Authority

Common Costs Associated with Crypto Trading in Greece

Greek residents should familiarize themselves with the different types of fees they can anticipate when trading with crypto brokers or exchanges. Understanding these fees is essential for identifying competitively priced platforms and reducing one’s trading expenses. Crypto brokers serving Greek customers usually charge no commissions on crypto CFDs but traders must still cover the spreads.

The spreads account for the difference between the buy and sell prices quoted by the brokers. This difference should be as small as possible because wider spreads result in greater expenses. Good brokers ideally offer spreads close to zero but it all depends on which cryptocurrencies you trade.

When trading CFDs with leverage, Greek customers are also liable for rollover fees provided their leveraged positions remain open overnight. These charges aim to cover the costs associated with maintaining leveraged positions after normal trading hours. Also known as swaps, rollover fees are in place because margin traders essentially borrow extra capital from their brokers to increase their market exposure.

Some crypto brokers charge additional non-trading-related fees for account inactivity and withdrawals. These are broker-specific but you should consider them in advance to prevent any unpleasant surprises afterward. Regulated brokers are usually transparent in this respect and never surprise their customers with hidden fees. As for deposits, they are usually free.

Crypto exchanges use a different pricing model that involves charging maker and taker fees on cryptocurrency trades. Whichever you pay depends on the type of order you place. Limit orders are liable for maker fees as they require more time to fill in the order book, creating liquidity. Taker fees apply to market orders matched immediately in the order book at current prices, effectively reducing liquidity.

Taker fees are usually higher than maker fees because the orders they apply to “take away” from the market’s liquidity. The exchanges recommended on this page use tiered pricing models whereby customers with higher monthly trading volumes benefit from discounts on their maker/taker fees.

Moving funds from one crypto wallet to another is also subject to additional fees in most cases. Finally, Greek crypto traders can anticipate attracting network fees charged for transacting on the blockchain. They are paid in the blockchains’ native tokens and vary based on transaction size and network overload.

Are Profits from Crypto Trading Taxed in Greece?

Greece lacks a specific tax regime for cryptocurrencies but this may soon change. Local media recently reported that a special committee was created to assess cryptocurrency-related activities in the country. The committee will reportedly submit its findings to the Greek Ministry of National Economy and Finance in early September 2024. Local newspaper Kathimerini reported the dedicated committee plans to propose imposing a 15% tax on capital gains derived from cryptocurrencies.

If the Ministry of National Economy and Finance approves the recommendation, the new tax rates could become effective by January 2025. Profits obtained from mining cryptocurrencies may be liable for income taxes, with rates ranging from 9% to 44%. Rates vary depending on one’s income bracket, as you can see below. Cryptocurrency transactions may also attract value-added taxes (VAT) at a standard rate of 24%. Unlike forex transactions, the sale of digital assets is not exempt from value-added taxes because they are not considered legal tender.

How to Pick Quality Crypto Brokers for Greece

Greek traders should keep their eyes peeled for several factors when selecting a crypto broker or exchange. A company’s licensing or registration status is easily the first thing they should check. It is always a good idea to trade with adequately regulated and reputable brokers and exchanges, preferably authorized by the HCMC or another EU regulator. Their customers are entitled to perks like negative balance protection, investor compensation, and transparent pricing, among other advantages.

The suite of tradable crypto assets is another thing worth checking, especially if you are looking for portfolio diversification. The wider the selection, the better. Greek customers can sometimes mitigate risk by trading crypto indices comprising ten, twenty, or even thirty popular cryptocurrencies. Companies like eToro even offer exchange services, allowing traders to buy, sell, and custody digital coins in addition to speculating on their prices with CFDs.

Greek customers insisting on having round-the-clock access to the crypto markets should consider choosing a broker or exchange that delivers a seamless trading experience on mobile devices. Those new to the crypto scene should look for beginner-friendly trading platforms with abundant educational resources and plenty of market research tools. Last but not least, Greek traders should compare the spreads and other trading costs across multiple brokers and exchanges to identify the platforms that give them the most bang for their buck.

Written by Z. Stefanova