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6 Best Crypto Exchanges and Trading Platforms in Europe
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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 thefastest crypto exchangeor thecheapest crypto exchangedepending on your needs.
Best European crypto trading platforms at a glance
BYDFi– Best overall for active trading (Most Popular)Phemex– Best for allround tradersBinance– Best for most altcoins listedMEXC– Best for maker feesBTCC– Best for highest leverageBingX– 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 unbiasedregardless of affiliates.)
Key takeaways TL;DR
BYDFi stands out for active traders with its low fees (starting at 0.03%) and high leverage of up to 200x, making it perfect for day traders and scalpers.MEXC offers a flat 0.2% fee for spot trading, and BYDFi’s 0.1% starting fee makes both platforms a great choice for cost-conscious traders.BTCC provides up to 225x leverage, ideal for traders aiming for bigger returns on futures contracts.Phemex and BYDFi offer demo accounts, allowing new traders to practice risk-free before trading real funds.
Image alt-text:BYDFi website
BYDFistands 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. Withcrypto contracts trading platformfeatures, 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 acryptofutures exchangefor 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
Spot Trading Fees:Maker fee: 0.1% – 0.3%Taker fee: 0.1% – 0.3%Convert/OTC Portal Fees:0.1% – 0.15%Perpetual Contracts Fees:Maker fee: 0.02%Taker fee: 0.06%Leveraged Tokens Fees:Transaction fee: 0.2% (charged separately when buying or selling USDT)Management fee: 0.03% of the true value of leveraged tokens (charged daily)Deposit Fees:No fees for cryptocurrency depositsWithdrawal Fees:Vary by cryptocurrency and networkExamples:BTC: 0.0002 BTC (BTC network), 0.0000049 BTC (BEP20 network)ETH: 0.0012 ETH (ERC20 network), 0.000068 ETH (BEP20 network)USDT: 1 USDT (TRC20 network), 0.8 USDT (BEP20 network), 4.2 USDT (ERC20 network)Overnight Fees (for keeping positions open overnight):Calculated as: margin * leverage * 0.045% * number of daysPros
400+ cryptocurrenciesSpot, futures, perpetual contractsFiat support (EUR, GBP)Demo accountHigh leverage (200x)24/7 supportMulti-language interfaceAdvanced order typesMobile app availabilityMultiple chart types (candlestick, line)Cold wallet storageTwo-factor authentication (2FA)Cons
No crypto stakingNewer platformNo NFT marketplaceNo OTC desk for large tradesNo built-in tax reporting tools
Image alt-text:Phemex website
Phemexhas 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
Spot Trading Fees:Maker fee: 0.1%Taker fee: 0.1%Contract Trading Fees:Maker fee: 0.01%Taker fee: 0.06%Deposit Fees:Cryptocurrency deposits: FreeWithdrawal Fees:Vary by cryptocurrency, for exampleBTC: 0.0004 BTCETH: 0.005 ETHUSDT (ERC20): 15 USDTConversion Fees:0.1% for crypto-to-crypto conversionsFiat Purchase Fees:Vary by payment method and providerLeverage Fees:No additional fees for using leverageAccount Fees:No fees for account maintenance or inactivityPremium Membership:$9.99 per month for reduced trading fees and other benefitsPros
Fast order execution speedsDemo account for practice trading24/7 customer supportMobile app for trading on-the-goEarn feature for passive incomeOffers conditional orders for advanced trading strategiesCross-margin and isolated margin options for contract tradingImplements a dual price mechanism to prevent market manipulationOffers a contract insurance fund for added trader protectionImplements a mark price system to prevent unfair liquidationsEuro (EUR) trading pairs availableSupports SEPA transfers for some European countriesCompliant with European financial regulationsCons
No OTC desk for large volume tradesPotential for liquidation with high leverage tradingNo options trading availableLimited liquidity for some trading pairsAbsence of a dedicated institutional trading deskPotential currency conversion fees for non-EUR depositsNo physical presence or offices in Europe
Image alt-text:Binance website
Binanceis 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 atrading 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 acrypto exchange for short-term tradingbut keep in mind that leverage increases the risk of loss.
Fees
Spot Trading Fees:Maker fee: 0.1%Taker fee: 0.1%Futures Trading Fees:Maker fee: 0.02%Taker fee: 0.04%Margin Trading Fees:Borrowing fee: Variable, depends on the assetDeposit Fees:Cryptocurrency deposits: FreeFiat deposits: Varies by method (e.g., 1.8% for credit/debit cards)Withdrawal Fees:Cryptocurrency withdrawals: Varies by asset (e.g., 0.0005 BTC for Bitcoin)Fiat withdrawals: Varies by method and currencyBinance Earn Fees:Staking: Generally free, but may vary by assetSavings: No fees, but rates varyNFT Marketplace Fees:Creation fee: FreeTrading fee: 1% for buyers and sellersBinance Pay:Merchant fees: 0%User fees: 0%Binance Card Fees:Card issuance: FreeATM withdrawal fee: 0.8% per transactionPros
High liquidity across many trading pairsBinance Earn for passive income opportunitiesStrong security measures (SAFU fund, 2FA)Binance NFT marketplaceBinance DEX for decentralized tradingStop loss crypto platformfor risk managementHigh leverage options (up to 125x on futures)Cross-collateral margin for diversified riskAdvanced charting tools with TradingView integrationEUR trading pairs availableSEPA transfers supported for many European countriesCompliance with European financial regulationsEuropean language support for customer serviceCons
KYC requirements for higher limitsLimited margin trading options for some regionsHigh fees for credit/debit card purchasesNo direct integration with external walletsRegulatory challenges in some European countriesPotential delays in EUR withdrawals due to SEPA processingPotential currency conversion fees for non-EUR deposits
Image alt-text:MEXC website
MEXChas 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 thecrypto margin trading exchangeoption.
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 ananonymous crypto exchangethat 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
Spot Trading Fees:Maker fee: 0.2%Taker fee: 0.2%Futures Trading Fees:Maker fee: 0.02%Taker fee: 0.06%Deposit Fees:Cryptocurrency deposits: Generally freeWithdrawal Fees:Vary by cryptocurrency, generally competitive with other exchangesMargin Trading Fees:Interest rates vary depending on the borrowed assetFiat Purchase Fees:Vary by payment method and providerLeverage Fees:No additional fees for using leverage, but funding rates apply for perpetual futuresAccount Fees:No fees for account maintenance or inactivityMX Token Benefits:Holders can enjoy reduced trading fees and other perksConversion Fees:Small spread for crypto-to-crypto conversionsPros
Low trading fees (0.2% for spot trading)Mobile app for trading on-the-goStaking and savings products for passive incomeNo KYC required for basic accountsAdvanced order types (e.g., stop-limit, OCO)Offers perpetual futures contractsProvides a demo account for practice tradingImplements a dual price mechanism to prevent market manipulationOffers copy trading featuresSupports EUR trading pairsOffers SEPA transfers for some European countriesCompliant with European financial regulationsProvides multi-language support including several European languagesOffers Euro-denominated contracts for futures tradingCons
Higher withdrawal fees for some cryptocurrenciesLimited liquidity for some exotic trading pairsNo native token for fee discounts or ecosystem benefitsLimited fiat currency options compared to some Europe-specific exchangesPotential currency conversion fees for non-EUR depositsNo specific European regulatory licenses (e.g., no FCA or BaFin regulation)
Image alt-text:BTCC website
BTCCis 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 greatcrypto scalping platformthat 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
Spot Trading Fees:Maker fee: 0.1%Taker fee: 0.1%Futures Trading Fees:Maker fee: 0.02%Taker fee: 0.06%Deposit Fees:Cryptocurrency deposits: Generally freeWithdrawal Fees:Vary by cryptocurrency, generally competitive with other exchangesMargin Trading Fees:Interest rates vary depending on the borrowed asset and market conditionsFiat Purchase Fees:Vary by payment method and providerPros
High leverage options (up to 225x for some contracts)Offers staking and savings products for passive incomeFast order execution speedsAdvanced order types (e.g., stop-limit, OCO)Offers perpetual futures contractsProvides a launchpad for new token offeringsCross-margin and isolated margin options for contract tradingAdvanced market maker protection mechanismsOffers copy trading featuresCustomizable trading interface.Detailed order book visualization tools.Sandbox environment for strategy testingCons
No options trading available.Limited derivative product range.No automated trading bot support.Lack of exotic trading pairs.Limited fiat options compared to local exchanges.Potential currency conversion fees on deposits.
Image alt-text:BingX website
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
Spot Trading FeesMaker fee: 0.1%Taker fee: 0.1%Futures Trading FeesFee: 0.0450%Perpetual FuturesMaker fee: 0.0200%Taker fee: 0.0600%Standard FuturesFee: ~0.045%Conversion FeeFee: 0.2%Withdrawal Fees (examples)USDT-ERC20: ~6 USDTUSDT-TRC20: ~1 USDTBitcoin (BTC): 0.0005 BTCEthereum (ETH): 0.007 ETH
Pros
Spot, futures, copy trading, and grid tradingHigh leverage: Up to 125x leverage for certain trading pairsCopy trading feature: Allows users to replicate trades of successful tradersDemo trading: VST currency for risk-free practice tradingMulti-language support: Over 20 languages availableBingX Wealth: Asset management service for earning interest on idle fundsShark Fin product: Principal-guaranteed wealth productTiered VIP system: Lower fees for higher-volume tradersFiat currency support: Over 100 fiat currencies supportedTrigger Reverse and One-Way Mode for futures tradingBingX Academy for learning about tradingCons
Mixed user reviews: Some negative feedback regarding customer supportLack of advanced order types: Limited options compared to some competitorsNo DeFi wallet integration: Unlike some competitors like BitgetNo SEPA support: Direct Euro deposits may be challenging for EU tradersNo fiat-to-crypto on-ramp: Users need to deposit crypto or use third-party servicesNo native token: Unlike exchanges with utility tokens offering additional benefits
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.
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.
High Volatility: Crypto prices can swing wildly in short periods. For instance, Bitcoin might drop 10% or more in a single day, and platforms like BTCC, with up to 225x leverage, can magnify losses.Leverage Risks: Using leverage can increase potential gains but also increases the risk of liquidation. Even a 1% price drop on high-leverage positions could wipe out your entire investment.Security Threats: Crypto exchanges are prime targets for hackers. Although exchanges like Binance and BingX offer advanced security features like 2FA and Proof of Reserves, past hacks have shown that no platform is 100% safe.Regulatory Changes: Crypto regulations are constantly evolving, and new laws could impact the legality or profitability of your trading. Different European countries have varying levels of regulation and tax obligations.Liquidity Issues: Some altcoins or newer tokens may have low liquidity, making it harder to exit trades without experiencing slippage or price impact.
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.
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.
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.
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.
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 thefastest crypto exchangeor thecheapest crypto exchangedepending on your needs.
Best European crypto trading platforms at a glance
BYDFi– Best overall for active trading (Most Popular)Phemex– Best for allround tradersBinance– Best for most altcoins listedMEXC– Best for maker feesBTCC– Best for highest leverageBingX– 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 unbiasedregardless of affiliates.)
Key takeaways TL;DR
BYDFi stands out for active traders with its low fees (starting at 0.03%) and high leverage of up to 200x, making it perfect for day traders and scalpers.MEXC offers a flat 0.2% fee for spot trading, and BYDFi’s 0.1% starting fee makes both platforms a great choice for cost-conscious traders.BTCC provides up to 225x leverage, ideal for traders aiming for bigger returns on futures contracts.Phemex and BYDFi offer demo accounts, allowing new traders to practice risk-free before trading real funds.
Comparison of all exchanges in Europe
Below is a comparison table of all thecrypto 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
Image alt-text:BYDFi website
BYDFistands 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. Withcrypto contracts trading platformfeatures, 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 acryptofutures exchangefor 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
Spot Trading Fees:Maker fee: 0.1% – 0.3%Taker fee: 0.1% – 0.3%Convert/OTC Portal Fees:0.1% – 0.15%Perpetual Contracts Fees:Maker fee: 0.02%Taker fee: 0.06%Leveraged Tokens Fees:Transaction fee: 0.2% (charged separately when buying or selling USDT)Management fee: 0.03% of the true value of leveraged tokens (charged daily)Deposit Fees:No fees for cryptocurrency depositsWithdrawal Fees:Vary by cryptocurrency and networkExamples:BTC: 0.0002 BTC (BTC network), 0.0000049 BTC (BEP20 network)ETH: 0.0012 ETH (ERC20 network), 0.000068 ETH (BEP20 network)USDT: 1 USDT (TRC20 network), 0.8 USDT (BEP20 network), 4.2 USDT (ERC20 network)Overnight Fees (for keeping positions open overnight):Calculated as: margin * leverage * 0.045% * number of daysPros
400+ cryptocurrenciesSpot, futures, perpetual contractsFiat support (EUR, GBP)Demo accountHigh leverage (200x)24/7 supportMulti-language interfaceAdvanced order typesMobile app availabilityMultiple chart types (candlestick, line)Cold wallet storageTwo-factor authentication (2FA)Cons
No crypto stakingNewer platformNo NFT marketplaceNo OTC desk for large tradesNo built-in tax reporting tools
2. Phemex review
Image alt-text:Phemex website
Phemexhas 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
Spot Trading Fees:Maker fee: 0.1%Taker fee: 0.1%Contract Trading Fees:Maker fee: 0.01%Taker fee: 0.06%Deposit Fees:Cryptocurrency deposits: FreeWithdrawal Fees:Vary by cryptocurrency, for exampleBTC: 0.0004 BTCETH: 0.005 ETHUSDT (ERC20): 15 USDTConversion Fees:0.1% for crypto-to-crypto conversionsFiat Purchase Fees:Vary by payment method and providerLeverage Fees:No additional fees for using leverageAccount Fees:No fees for account maintenance or inactivityPremium Membership:$9.99 per month for reduced trading fees and other benefitsPros
Fast order execution speedsDemo account for practice trading24/7 customer supportMobile app for trading on-the-goEarn feature for passive incomeOffers conditional orders for advanced trading strategiesCross-margin and isolated margin options for contract tradingImplements a dual price mechanism to prevent market manipulationOffers a contract insurance fund for added trader protectionImplements a mark price system to prevent unfair liquidationsEuro (EUR) trading pairs availableSupports SEPA transfers for some European countriesCompliant with European financial regulationsCons
No OTC desk for large volume tradesPotential for liquidation with high leverage tradingNo options trading availableLimited liquidity for some trading pairsAbsence of a dedicated institutional trading deskPotential currency conversion fees for non-EUR depositsNo physical presence or offices in Europe
3. Binance review
Image alt-text:Binance website
Binanceis 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 atrading 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 acrypto exchange for short-term tradingbut keep in mind that leverage increases the risk of loss.
Fees
Spot Trading Fees:Maker fee: 0.1%Taker fee: 0.1%Futures Trading Fees:Maker fee: 0.02%Taker fee: 0.04%Margin Trading Fees:Borrowing fee: Variable, depends on the assetDeposit Fees:Cryptocurrency deposits: FreeFiat deposits: Varies by method (e.g., 1.8% for credit/debit cards)Withdrawal Fees:Cryptocurrency withdrawals: Varies by asset (e.g., 0.0005 BTC for Bitcoin)Fiat withdrawals: Varies by method and currencyBinance Earn Fees:Staking: Generally free, but may vary by assetSavings: No fees, but rates varyNFT Marketplace Fees:Creation fee: FreeTrading fee: 1% for buyers and sellersBinance Pay:Merchant fees: 0%User fees: 0%Binance Card Fees:Card issuance: FreeATM withdrawal fee: 0.8% per transactionPros
High liquidity across many trading pairsBinance Earn for passive income opportunitiesStrong security measures (SAFU fund, 2FA)Binance NFT marketplaceBinance DEX for decentralized tradingStop loss crypto platformfor risk managementHigh leverage options (up to 125x on futures)Cross-collateral margin for diversified riskAdvanced charting tools with TradingView integrationEUR trading pairs availableSEPA transfers supported for many European countriesCompliance with European financial regulationsEuropean language support for customer serviceCons
KYC requirements for higher limitsLimited margin trading options for some regionsHigh fees for credit/debit card purchasesNo direct integration with external walletsRegulatory challenges in some European countriesPotential delays in EUR withdrawals due to SEPA processingPotential currency conversion fees for non-EUR deposits
4. MEXC review
Image alt-text:MEXC website
MEXChas 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 thecrypto margin trading exchangeoption.
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 ananonymous crypto exchangethat 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
Spot Trading Fees:Maker fee: 0.2%Taker fee: 0.2%Futures Trading Fees:Maker fee: 0.02%Taker fee: 0.06%Deposit Fees:Cryptocurrency deposits: Generally freeWithdrawal Fees:Vary by cryptocurrency, generally competitive with other exchangesMargin Trading Fees:Interest rates vary depending on the borrowed assetFiat Purchase Fees:Vary by payment method and providerLeverage Fees:No additional fees for using leverage, but funding rates apply for perpetual futuresAccount Fees:No fees for account maintenance or inactivityMX Token Benefits:Holders can enjoy reduced trading fees and other perksConversion Fees:Small spread for crypto-to-crypto conversionsPros
Low trading fees (0.2% for spot trading)Mobile app for trading on-the-goStaking and savings products for passive incomeNo KYC required for basic accountsAdvanced order types (e.g., stop-limit, OCO)Offers perpetual futures contractsProvides a demo account for practice tradingImplements a dual price mechanism to prevent market manipulationOffers copy trading featuresSupports EUR trading pairsOffers SEPA transfers for some European countriesCompliant with European financial regulationsProvides multi-language support including several European languagesOffers Euro-denominated contracts for futures tradingCons
Higher withdrawal fees for some cryptocurrenciesLimited liquidity for some exotic trading pairsNo native token for fee discounts or ecosystem benefitsLimited fiat currency options compared to some Europe-specific exchangesPotential currency conversion fees for non-EUR depositsNo specific European regulatory licenses (e.g., no FCA or BaFin regulation)
5. BTCC review
Image alt-text:BTCC website
BTCCis 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 greatcrypto scalping platformthat 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
Spot Trading Fees:Maker fee: 0.1%Taker fee: 0.1%Futures Trading Fees:Maker fee: 0.02%Taker fee: 0.06%Deposit Fees:Cryptocurrency deposits: Generally freeWithdrawal Fees:Vary by cryptocurrency, generally competitive with other exchangesMargin Trading Fees:Interest rates vary depending on the borrowed asset and market conditionsFiat Purchase Fees:Vary by payment method and providerPros
High leverage options (up to 225x for some contracts)Offers staking and savings products for passive incomeFast order execution speedsAdvanced order types (e.g., stop-limit, OCO)Offers perpetual futures contractsProvides a launchpad for new token offeringsCross-margin and isolated margin options for contract tradingAdvanced market maker protection mechanismsOffers copy trading featuresCustomizable trading interface.Detailed order book visualization tools.Sandbox environment for strategy testingCons
No options trading available.Limited derivative product range.No automated trading bot support.Lack of exotic trading pairs.Limited fiat options compared to local exchanges.Potential currency conversion fees on deposits.
6. Bingx review
Image alt-text:BingX website
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
Spot Trading FeesMaker fee: 0.1%Taker fee: 0.1%Futures Trading FeesFee: 0.0450%Perpetual FuturesMaker fee: 0.0200%Taker fee: 0.0600%Standard FuturesFee: ~0.045%Conversion FeeFee: 0.2%Withdrawal Fees (examples)USDT-ERC20: ~6 USDTUSDT-TRC20: ~1 USDTBitcoin (BTC): 0.0005 BTCEthereum (ETH): 0.007 ETH
Pros
Spot, futures, copy trading, and grid tradingHigh leverage: Up to 125x leverage for certain trading pairsCopy trading feature: Allows users to replicate trades of successful tradersDemo trading: VST currency for risk-free practice tradingMulti-language support: Over 20 languages availableBingX Wealth: Asset management service for earning interest on idle fundsShark Fin product: Principal-guaranteed wealth productTiered VIP system: Lower fees for higher-volume tradersFiat currency support: Over 100 fiat currencies supportedTrigger Reverse and One-Way Mode for futures tradingBingX Academy for learning about tradingCons
Mixed user reviews: Some negative feedback regarding customer supportLack of advanced order types: Limited options compared to some competitorsNo DeFi wallet integration: Unlike some competitors like BitgetNo SEPA support: Direct Euro deposits may be challenging for EU tradersNo fiat-to-crypto on-ramp: Users need to deposit crypto or use third-party servicesNo 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:High Volatility: Crypto prices can swing wildly in short periods. For instance, Bitcoin might drop 10% or more in a single day, and platforms like BTCC, with up to 225x leverage, can magnify losses.Leverage Risks: Using leverage can increase potential gains but also increases the risk of liquidation. Even a 1% price drop on high-leverage positions could wipe out your entire investment.Security Threats: Crypto exchanges are prime targets for hackers. Although exchanges like Binance and BingX offer advanced security features like 2FA and Proof of Reserves, past hacks have shown that no platform is 100% safe.Regulatory Changes: Crypto regulations are constantly evolving, and new laws could impact the legality or profitability of your trading. Different European countries have varying levels of regulation and tax obligations.Liquidity Issues: Some altcoins or newer tokens may have low liquidity, making it harder to exit trades without experiencing slippage or price impact.
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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