Best Crypto Exchanges Italy

Your guide to the top five Italian cryptocurrency exchanges. Understand the tax implications and legality of digital asset trading in Italy.

Bottom Line: For Italian investors interested in diving into the ever growing cryptocurrency market, choosing a platform regulated by the Italian Securities and Exchange Commission (CONSOB) is crucial. This ensures a secure and smooth experience when depositing Euros (EUR) through local bank transfers, credit cards, and various electronic payment options.

To guide you in this venture, we've carried out an exhaustive analysis of the most reliable and CONSOB-approved digital asset platforms. We've carefully selected the top 5 cryptocurrency exchanges for Italian investors.

  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 Exchange)
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Best For:
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eToro emerges as the best Crypto exchange in Italy due to its Italian customer support and the being able to use the platform in the language, free and instant EUR deposits, competitive 1% fee, and wide range of supported assets including Crypto, stocks, indices, fiat currencies, commodities, and ETFs.

‍Top Crypto Apps in Italy

Our specialists have developed an in-depth ranking methodology to identify and rank the premier crypto trading platforms accessible to Italian investors. This thorough investigation centers on key aspects such as Euro transaction options, fee models, ease of use, Italian language support, stringent security protocols, and features. Following an extensive review, we've determined the top five crypto exchanges in Italy.

1. eToro

eToro is Italy's top cryptocurrency exchange due to its user-friendly interface and diverse asset offerings. Its unique social trading feature allows users to follow and copy successful traders, serving both as a community hub and an educational resource. Beyond cryptocurrencies, eToro extends its services to a wide array of financial instruments such as stocks, indices, fiat currencies, commodities, and ETFs. The exchange is fully regulated in Italy and Europe, offering multiple payment options and strong security measures, making it a reliable choice for Italian traders.

  • Minimum Deposit: €50 EUR.
  • Supported Tokens: 92 Cryptocurrencies & 3000+ 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 is the best platform for derivatives trading in the Italian market. Specializing in futures and options, it offers a robust trading environment catering to retail and institutional investors. The platform is known for its high liquidity and low latency, ensuring smooth and efficient trading experiences. One of its standout features is the customizable trading interface, which allows traders to tailor their dashboards according to their specific needs. The platform also offers leverage of up to 100x, enabling traders to maximize their potential returns. It provides proof-of-reserves, highlighting funds are backed on a 1:1 basis. 

  • Minimum Deposit: €10 EUR.
  • Supported Tokens: 850+ Cryptocurrencies.
  • Language Options: Italian, 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. One of its most appealing features is the Bitpanda Savings Plan, which allows users to set up recurring buys for their favorite cryptocurrencies. 

  • Minimum Deposit: €25 EUR.
  • Supported Tokens: 250+ Cryptocurrencies & 3000+ 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 sets the standard for transparency in the cryptocurrency exchange landscape. The platform provides real-time transparency data, including assets, obligations, and more, which is audited and published for the public to see. This level of openness builds trust among its users, making it a go-to choice for those who prioritize transparency. Uphold supports a wide range of assets, not just cryptocurrencies but also traditional fiat currencies and commodities like gold. They are considered the pioneers of transparency and pride themselves on their secure, transparent, and highly regulated trading environment. 

  • Minimum Deposit: €10 EUR.
  • 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 best cryptocurrency exchange originating from Italy, making it a natural choice for Italian traders. The platform focuses on simplifying the cryptocurrency trading process, making it accessible for beginners. 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 trading fee is 1.5%. Additionally, they also charge deposit fees that range from 1% - 2.2% depending on the method. One of its standout features is the Stepdrop app, which educates users about cryptocurrencies and allows them to earn tokens by learning.

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

How Does the CONSOB Regulate Crypto?

The Italian Securities and Exchange Commission (CONSOB) plays a pivotal role in overseeing cryptocurrency exchanges in Italy. Tasked with granting licenses, CONSOB ensures that these trading platforms adhere to Italy's specific legal guidelines. In line with global regulatory bodies, it imposes rigorous Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations to curb illicit activities and bolster transparency within Italy.

To function in Italy, exchanges must satisfy the stringent security criteria set forth by CONSOB. These precautionary measures aim to safeguard both personal data and financial assets from potential vulnerabilities. It places significant emphasis on open and effective dialogue with its community of traders, striving to instill trust in Italy's fast-expanding cryptocurrency sector.

Do I Have to Pay Tax on Crypto in Italy?

Absolutely, in Italy, cryptocurrencies are considered as intangible assets rather than traditional forms of currency. The Italian Revenue Agency, commonly known as Agenzia delle Entrate, is responsible for regulating the taxation of digital assets. For individual investors, profits from cryptocurrencies are generally categorized as capital gains and are subject to a flat tax rate of 26%. This rate is consistent regardless of your overall income level.

If you're engaged in frequent trading or mining of cryptocurrencies as a business activity in Italy, the profits and losses you experience are subject to corporate income tax. It's crucial to note that Italy, unlike some countries, does not levy a Value-Added Tax (VAT) on converting cryptocurrencies to fiat money. However, if you use cryptocurrencies to purchase goods or services, standard VAT rates do apply to those transactions.

Is Crypto Staking Legal in Italy?

Absolutely, engaging in cryptocurrency investment and staking is permitted in Italy, thanks to the country's forward-thinking approach to digital assets. Rather than imposing stringent limitations as some nations do, Italy has crafted a well-rounded regulatory framework to protect investors, fulfill tax requirements, and prevent illegal activities.

Italian citizens can invest and stake various cryptocurrencies, including Bitcoin and Ethereum, through reputable and regulated platforms such as Coinbase, Binance, and others. This modern outlook has not only fostered a robust crypto ecosystem within Italy but has also established the nation as a hub for technological advancement, drawing international investments into its economic infrastructure.

The Bottom Line

To conclude, 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 CONSOB'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. 


Which is the Best Crypto Exchange for Italian Investors?
Are Crypto Exchanges in Italy Regulated?
What Makes eToro the Best Overall Exchange in Italy?

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