Best Crypto Exchanges Italy

Summary: As an investor in Italy contemplating Bitcoin or the broader cryptocurrency spectrum, it's vital to choose a trustworthy and regulated exchange. To navigate this challenge, we've meticulously evaluated premier cryptocurrency trading platforms available to Italian investors, offering Euro (EUR) deposit support.

Having reviewed all viable options overseen by the European Securities and Markets Authority (ESMA), we bring to you the top 5 cryptocurrency exchanges in Italy:

  1. eToro (Best Overall Exchange in Italy)
  2. Bybit (Best Derivatives Trading Platform)
  3. Bitpanda (Best Exchange for Europeans)
  4. Uphold (Best Exchange for Transparency)
  5. Young Platform (Best Italian Crypto Exchange)

Best Crypto Apps for Italy

We've put together a unique way of rating digital asset apps and platforms tailored for Italian investors. In our detailed approach, we check out each exchange's support for various digital currencies, ways to deposit Euros, ease of use, fees, security measures, and whether they play by the regulatory rules. After doing our homework, we've landed on the top five cryptocurrency exchanges in Italy.

1. eToro

Our research underscores eToro as the premier crypto exchange in Italy. This platform not only caters to diverse linguistic preferences, including Italian, but also provides dedicated customer support in Italian. eToro stands out for its convenience, offering free and immediate EUR deposits, coupled with a competitive 1% spread for crypto transactions. Beyond cryptocurrencies, eToro extends its services to a wide array of financial instruments such as stocks, indices, fiat currencies, commodities, and ETFs, making it a comprehensive solution for all your investment needs.

  • Minimum Deposit: €50 EUR for first-time deposit.
  • Supported Tokens: 92 Cryptocurrencies & 4000+ other assets.
  • Language Options: Italian, English & 17 other languages.
  • EUR Funding Method: Credit/Debit Card, PayPal, Neteller, Skrill, Rapid Transfer, Bank Transfer & Trustly.

2. Bybit

Bybit has come in second place for Italian investors as it also offers free and instant EUR deposits but has lower fees starting from 0.1%. It is the second best option as it isn't as secure as eToro, but does provide proof-of-reserves, highlighting funds are backed on a 1:1 basis. It also cannot be used in Italian but does offer Italian-speaking customer support. It's a popular global exchange that can be used in over 180 counties including Italy because it doesn't require KYC (identity verification).

  • Minimum Deposit: €10 EUR for first-time deposit.
  • Supported Tokens: 400+ Cryptocurrencies.
  • Language Options: English & 21 other languages.
  • EUR Funding Method: Advcash, Credit/Debit Card, Wise, Bank Transfer, Zen, Paysera, SEPA. Google Pay & Maestro.

3. Bitpanda

Bitpanda is the third-best option for investors in Italy because it is a multi-asset exchange that supports over 250 Cryptocurrencies and thousands of other assets such as stocks, indices, commodities and more. The platform can both be used in Italian and offers 24/7 Italian-speaking customer service. Bitpanda is also a highly secure exchange and is regularly audited by KPMG, to show that funds are held 1:1 on the platform. It is perfect for all types of investors including beginners and advanced traders.

  • Minimum Deposit: €25 EUR for first-time deposit.
  • Supported Tokens: 250+ Cryptocurrencies & 2000+ other assets.
  • Language Options: Italian, English, German, French, Spanish, and Polish.
  • EUR Funding Method: SEPA, Sofort, Neteller, Skrill, Credit/Debit Card, EPS & Giropay.

4. Uphold

Uphold is widely regarded to be the most transparent exchange in Europe as it provides a detailed audited reserves sheet where users can see the individual amount of each asset held on the platform. They are considered the pioneers of transparency and pride themselves on their secure, transparent, and highly regulated trading environment. We have selected Uphold as the fourth-best option as it is highly secure, offers a wide range of Crypto and support other assets such as commodities.

  • Minimum Deposit: €10 EUR for first-time deposit.
  • Supported Tokens: 250+ Cryptocurrencies.
  • Language Options: English & Spanish.
  • EUR Funding Method: Debit/Credit Card, Google/Apple Pay, SEPA & Wire Transfer.

5. Young Platform

Young Platform is the only legitimate and regulated digital asset exchange that is based in Italy. It is placed last as it offers significantly higher fees than the other platforms on this list with YP charging a spread between 0.22% - 0.85%, plus the fiat to Crypto trading fee is 1.5% and the Crypto to Crypto fee is 1.35%. Additionally, they also charge deposit fees that range from 1% - 2.2% depending on the method. This is considered extremely high when compared to other exchanges.

  • Minimum Deposit: €20 EUR for first-time deposit.
  • Supported Tokens: 53+ Cryptocurrencies.
  • Language Options: Italian & English
  • EUR Funding Method: Apple Pay, Google Pay, Credit/Debit Card, Satispay, & Wire Transfer.
Young Platform.

Is Crypto Taxed in Italy?

In Italy, the taxation of Cryptocurrency is overseen by the Italian Revenue Agency (Agenzia delle Entrate). All Cryptocurrency transactions are subject to capital gains tax, and both individuals and businesses that operate with Cryptocurrency must declare their income in their tax returns. The tax rates vary depending on the type of transaction and how long the Cryptocurrency has been held.

Additionally, businesses that accept Cryptocurrency payments for goods or services are required to pay VAT at the standard rate of 22%. Understanding Cryptocurrency taxation regulations in Italy is essential for taxpayers to ensure compliance with the law. Seeking the advice of a tax professional is recommended to navigate the complexities of Cryptocurrency taxation in Italy.

Is Crypto Trading Legal in Italy?

Yes, cryptocurrency trading is legal in Italy. Cryptocurrencies are recognized as digital assets but are not considered legal tender in the country. Exchanges operating in Italy must comply with anti-money laundering (AML) regulations and register with the Italian financial regulator, Commissione Nazionale per le Società e la Borsa (CONSOB).

The Italian government has also established a legal framework for initial coin offerings (ICOs), requiring companies to adhere to strict guidelines. While it is legal, it's crucial to follow the rules and regulations set forth to prevent illegal activities and maintain a safe investment environment.

The Bottom Line

Italy presents a secure and regulated cryptocurrency market with diverse exchanges catering to different investor needs. The top five exchanges, eToro, Bybit, Bitpanda, Uphold, and Young Platform, adhere to ESMA's regulations, offering a broad range of tokens, language support, and funding options. Crypto trading in Italy is legal, but transactions are subject to taxation and AML rules. Understanding these laws is crucial for crypto investors in Italy. This evolving market maintains a commitment to security, transparency, and investor protection.


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