In Austria, buying and selling cryptocurrencies is facilitated through exchanges that offer user-friendly services with an easy registration process and various payment methods such as bank transfer, SEPA payments, Austrian Online banking, etc.
The activities of these crypto exchanges are regulated by the Austrian Financial Market Authority, enabling a safe trading environment.
Top 5 Crypto Exchanges in Austria Reviewed
We have explored over a hundred crypto exchanges to develop a list of Austria’s top 5 crypto exchanges. These exchanges are famous for their user-friendly layout, wide range of trading possibilities, and fair prices.
The 5 best crypto trading platforms in Austria are:
- Bitget – Best overall Exchange in Austria
- Bitpanda – Best Exchange with multiple markets
- ByBit – Best derivatives crypto exchange in Austria
- eToro – European Allrounder exchange
- Kraken – Most user-friendly exchange in Austria
1. Bitget
Bitget was founded in April 2018 and has since offered its users secure and dependable investment services.
With over 2 million users worldwide and a daily trading volume of about $3,655,048,717, Bitget stands out among other exchanges in Austria due to its efficient and excellent services.
Bitget supports over 500 digital assets, making it one of the exchanges with the highest trading opportunities. With low trading fees, passive income products, a good spot, leverage of up to 100x, and the possibility to trade anonymously without KYC, Bitget offers all that traders in Austria need.
One of the most excellent perks of Bitget is its popular copy-trading feature that allows novices to copy techniques from more professional traders easily. This feature benefits those who enter the market without experience and want to learn from the best without wasting much time.
The Bitget mobile App is easy to navigate and is available on both Google Play Store and App Store with a rating of 4.5 stars.
The platform supports free fiat onramps on the Euro. This lets users quickly deposit euros to the exchange via e-banking or bank transfer. It also allows easy withdrawals to cash into your local bank account.
If you want to learn more about Bitget check out our full review here.
Supported Assets: Over 500+ cryptocurrencies
Spot Trading Fees: 0.1% maker / 0.1% taker
Futures Trading Fees: 0.02% maker / 0.06% taker
Deposits & Withdrawals: Euro € deposits and withdrawals via Bank Transfer
Licensed & Regulated: Regulated by FSA, CySEC, and FinCEN with MSB license.
Bitget Pros & Cons
| 👍 Bitget Pros | 👎 Bitget Cons |
|---|---|
| ✅ Free Euro deposits | ❌ Advanced Features are confusing for beginners |
| ✅ Very user friendly | ❌ Limited Educational Resources |
| ✅ 500+ Cryptos | ❌ Not available in US |
| ✅ Copy Trading | |
| ✅ 24/7 Live chat support | |
| ✅ Low fees |
2. Bitpanda
Headquartered in Vienna, Bitpanda is a reputable cryptocurrency exchanger that provides excellent services to Austrians. One of its unique services is selling cryptocurrency to its users directly instead of the peer-to-peer trading model.
With over 4 million users and a trading volume of about $311,380.49 per day, Bitpanda offers diverse assets to its users, including ETFs, Stocks, and commodities like gold and silver.
Bitpanda is one of the few European exchanges that offer safe crypto-staking services. Its offerings aren’t restricted to cryptocurrency; it provides about 100+ other assets, from popular cryptocurrencies like Ethereum and Bitcoin to tokens like Solana and football tokens.
The fintech brand offers its trading platform via web exchange and an easy-to-navigate mobile app with over a million downloads.
Bitpanda makes depositing funds into your account easy with various fiat deposit options, including credit cards, bank transfers (SEPA), and services like Skrill and Neteller.
To learn more about Bitpanda, check out our full review here.
Supported Cryptos: 200+
Spot Fees: 0.15% maker / 0.1% taker
Futures Fees: No futures supported
Deposit & Withdrawal Methods: € via SEPA Transfer, PayPal, Credit/Debit Card, Klarna
Licensed & Regulated: Regulated by the Financial Market Authority (FMA).
Bitpanda Pros & Cons
| 👍 Bitpanda Pros | 👎 Bitpanda Pros |
|---|---|
| ✅ Very beginner friendly | ❌ No futures |
| ✅ 300+ cryptos available | ❌ Low liquidity |
| ✅ Simple € on/off ramps | ❌ Lacks advanced features |
| ✅ Passive income products | ❌ No proof of reserves |
| ✅ TradFi + Crypto Assets |
3. ByBit
ByBit is a crypto exchange founded in 2018 and has since experienced rapid exponential growth, making it one of the leading exchanges today.
The crypto exchange has accumulated over 10 million users and has a trading volume of over $10 billion per day.
Operating in over 150 countries, supporting over 400 crypto assets, and having over 600 trading pairs, Bybit is undoubtedly one of the best trading exchanges in Austria.
One of the most popular features of ByBit is the derivatives trading feature that gives users access to futures contracts with up to 100x leverage with friendly trading fees.
ByBit isn’t left behind in spot trading, as it offers over 400 crypto assets, including DogeCoin and MiladyCoin. The platform also supports an inverse perpetual contract that allows users to trade with an underlying asset like Bitcoin and Ethereum, not USDT.
ByBit offers services on a web trading platform and a mobile app with over 20 million downloads. The app is easy to navigate and is available on both the Play Store and App Store.
Austrian ByBit users can use bank transfers, SEPA, Paysera, Advcash, and credit cards for Fiat deposits. The fee range is not more than 4%, depending on your payment method.
For Fiat withdrawals, users can use ZEN or Advcash wallet. The platform also allows FIAT off-ramps with no withdrawal charges.
To learn more about ByBit, check out our full review here.
Supported Assets: Over 400 assets
Spot Trading Fees: 0.1% maker / 0.1% taker
Futures Trading Fees: 0.01% maker / 0.055% taker
Deposits & Withdrawals: Euro € deposits and withdrawals via Bank Transfer, Debit/credit card, Paysera, Advcash
Licensed & Regulated: Not regulated by any government authority
Bybit Pros & Cons
| 👍 Bybit Pros | 👎 Bybit Cons |
|---|---|
| ✅ Low trading fees | ❌ Extremely advanced (confusing for beginners) |
| ✅ High liquidity | ❌ Not available in the United States |
| ✅ Advanced trading options | |
| ✅ Copy trading | |
| ✅ Passive income products | |
| ✅ Full proof of reserves |
4. eToro
eToro is an Israel-based exchange that was founded in 2007 and has about 2.7 million users. The platform supports various businesses like stocks, forex, Contract For Difference (CFD), and exchange-traded funds (ETFs), making it one of the best crypto exchanges for Austrians.
eToro is famous for its copy trading feature that allows novices to copy from professionals and sets up a finance community where users can ask questions and share ideas. The platform offers two-factor authentication for maximum security. It also utilizes warm and cold storage wallets to protect users’ crypto assets.
The exchange offers spot trading, allowing users to buy and sell assets at their current rates in real time. eToro charges minimal fees and zero commission. The platform also offers futures trading, allowing traders greater investment rewards.
eToro supports efficient euro deposits through bank transfers, SEPA, online banking, and debit cards.
Supported Cryptos: 75+
Spot Trading Fees: 1%
Futures Trading Fees: No futures
Deposits & Withdrawals: Euro € deposits and withdrawals via Bank Transfer, Debit/credit card, SEPA transfer
Licensed & Regulated: Licensed & regulated European Securities & Markets Authority (ESMA), the FCA and cySEC.
eToro Pros & Cons
| 👍 eToro Pros | 👎 eToro Cons |
|---|---|
| ✅ Very beginner friendly | ❌ Lacks advanced features |
| ✅ Best Euro fiat support | ❌ Very high trading fees |
| ✅ 3000+ supported assets | ❌ Only 75 cryptos supported |
| ✅ Crypto + TradFi assets |
5. Kraken
Kraken is one of the oldest crypto exchanges, founded in 2011, just a few years after the launching of Bitcoin. Having a trading volume of about $18,519,368 and over 10 million users, the platform is rated as the 3rd best spot trading crypto exchange globally on CoinMarketCap.
One thing that makes Kraken a good option for Austrians is the wide range of services it offers to its users, ranging from spot futures, margins, NFT trading, indices, stacking, and OTC.
A Kraken account allows users to trade crypto easily using a linked bank account and handily convert between various cryptocurrencies within their bank account. The exchange also offers a staking feature, thus allowing users to earn interest on their crypto investment.
Their online platform was designed with amateurs in mind, having a straightforward interface. Pre-funding your account is unnecessary; you can easily buy crypto directly from your bank account.
Kraken supports deposits and withdrawals through bank transfers, online banking, and the use of credit cards.
To learn more about Kraken, check our full review here.
Supported Assets: 240+
Spot Trading Fees: 0.16% maker / 0.26% taker
Futures Trading Fees: 0.02% maker / 0.05% taker
Deposits & Withdrawals: Euro € deposits and withdrawals via Bank Transfer, Debit/credit card
Licensed & Regulated: Regulated by the Austrian Financial Market Authority (FMA).
Kraken Pros & Cons
| 👍 Kraken Pros | 👎 Kraken Cons |
|---|---|
| ✅ Low futures fees | ❌ High spot trading fees |
| ✅ Cheap Euro support | ❌ Lacks more advanced features |
| ✅ Very secure and reliable | ❌ Low amount of supported crypto assets |
| ✅ User-friendly interface | |
| ✅ Great mobile app |
Is Crypto Legal In Austria?
Yes, the Austrian government has legalized crypto trading in the country. It is regulated by the Austrian Financial Market Authority (FMA). Though cryptocurrency and other related assets aren’t considered legal tender, FMA guidelines allow citizens to trade in crypto and use it as a payment form.
Enthusiasts can purchase cryptocurrency from reliable exchange platforms or individual sellers in Austria. It is recommended that users trade crypto with exchanges registered with FMA and comply with Know your Customer (KYC) and Anti Money Laundering (AML) Regulations. The discussions reviewed in this article are fully licensed and allowed to operate in Austria.
Austrians can legally engage in crypto trading and are expected to report their profits as capital gains for taxation. It’s recommended that users discuss with local tax advisors to gain insight into the local tax laws.
How to Buy Crypto in Austria
Buying crypto from an Austrian crypto exchange is easy. Below is a complete guide on how to buy your first cryptocurrency:
- Choose an FMA-compliant platform: There are a lot of exchanges out there. Consider going for the one that fully adheres to the policies and regulations in austria such as AML laws and KYC requirements. Overall, Bitget is the best option as it complies with AML laws and offers free Euro deposits.
- Account sign-up and verification: Fill in all the required information, such as email address, password, and identification for KYC.
- Deposit EUR: Fund your account using a traditional bank transfer, online banking method, credit card, debit card, or SEPA Transfer.
- Acquire cryptocurrency: Choose your desired cryptocurrency and the specific amount you want to purchase in Euro or another cryptocurrency, then confirm your transaction.
- Secure your assets: To enhance security, transfer your cryptocurrency to a verified crypto wallet.
Final Thoughts
Cryptocurrency has experienced rapid growth in Austria over the last few years thanks to FMA, which provides regulations keeping buyers and sellers safe. It’s easy to start trading bitcoin in Austria: choose a licensed exchange platform like Bitget, ByBit, or Kraken, create an account, and start trading.
After carefully reviewing over 100 crypto exchanges, we recommend Bitget as the best option for Austrian crypto investors. The exchange platform provides an easy way to trade your first coins at low trading fees. It also offers copy trading, thus making it beginner-friendly. Other good options include Bitpanda, which provides multiple markets to its users, and ByBit for those interested in Futures contracts.
Happy trading!
