Cryptocurrency uptake in Slovakia has expanded quickly, as more Slovakians seek to invest in, buy and sell digital monies including Bitcoin, Ethereum, and other altcoins. After thoroughly evaluating over 30 prominent platforms, we’ve identified the top 6 cryptocurrency marketplaces accepting Slovakian users in 2023 based on essential factors:
- Full compliance with Slovakian regulations
- Offering Euro funding options and withdrawals
- Reasonable trading commissions
- Extensive selection of digital tokens
- User-friendly tools for beginners
Our research determined these exchanges stand out for satisfying our criteria, signaling they can capably serve those in Slovakia pursuing cryptocurrency trading and investment this year. These platforms provide an optimal experience by prioritizing regulatory compliance, convenient Euro banking, affordable fees, diverse asset availability, and simplicity for novice users.
Top Cryptocurrency Exchanges in Slovakia
After extensive analysis, we’ve selected the top cryptocurrency platforms for users in Slovakia in 2023:
- Bitget – Best All-Around Exchange in Slovakia
- KuCoin – Most Diverse Selection of Altcoins
- eToro – Ideal for Social Crypto Investing
- Uphold – Simplest Cryptocurrency Purchasing
- Binance – Leading Global Cryptocurrency Exchange
- Bitpanda – Best for Beginner Investors
These exchanges ranked highest based on their competitive fees, broad coin support, easy Euro deposits/withdrawals, and intuitive interfaces. They hold proper licenses to operate in Slovakia and adhere to local AML/KYC rules.
Let’s examine each of our recommendations more closely:
1. Bitget
Bitget is the premier choice for Slovakian cryptocurrency traders interested in leveraged trading. The platform offers up to 100x leverage on a variety of crypto derivatives contracts.
For spot trading, Bitget provides access to over 300 digital currencies with substantial liquidity. Fees range from 0.10% to 0.20% based on trading volume, making Bitget highly cost-competitive for trading major coins like BTC and ETH.
Regarding security, Bitget stores the bulk of user funds in cold wallets to safeguard against theft. The exchange also enables two-factor authentication on accounts and address whitelisting for withdrawals.
Overall, Bitget stands out as the leading crypto exchange for Slovakian traders needing robust spot trading capabilities, extensive leverage options, low fees, and institutional-grade security. The platform offers an unparalleled experience for leveraged positions while also catering well to everyday spot traders.
If you want to learn more about the exchange, you can read our full Bitget review
Supported Cryptocurrencies: 600+ cryptocurrencies
Futures Contracts: 200+ futures contracts
Max. Leverage: 100x
Spot Trading Fees: 0.10% maker/0.10% taker
Futures Trading Fees: 0.02% maker/0.06% taker
Deposits & Withdrawals: Supports deposits and withdrawals of cryptocurrencies. No fiat currency support.
Licensed & Regulated: Licensed by AUSTRAC in Australia. Not available for users in the USA.
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. KuCoin
KuCoin is a top choice for cryptocurrency traders in Slovakia seeking access to a vast range of digital assets.
With over 600 coins and 400+ trading pairs, KuCoin offers one of the most expansive selections of altcoins available. This includes smaller market cap gems and DeFi tokens that may not be listed on other exchanges.
A standout feature of KuCoin is discounted trading fees when paying with the platform’s native KCS token. By covering fees with KCS, you can receive up to a 30% lifetime reduction on trading costs.
In summary, KuCoin provides Slovakian traders with an unparalleled variety of cryptocurrencies to invest in or trade, including hidden altcoin gems. And the exchange incentivizes use of its KCS token through reduced trading fees, enhancing profit potential. For traders prioritizing altcoin access and lower costs, KuCoin is a top choice.
If you want to learn more about the exchange, you can read our full KuCoin review
Supported Cryptocurrencies: 700+ cryptocurrencies
Futures Contracts: 100+ futures contracts
Max. Leverage: 100x
Spot Trading Fees: 0.1% maker/0.1% taker
Futures Trading Fees: 0.02% maker/0.06% taker
Deposits & Withdrawals: € support through bank transfers
Licensed & Regulated: Based in Seychelles. Not licensed in major jurisdictions. Not available to US users.
Kucoin Pros & Cons
| 👍 Kucoin Pros | 👎 Kucoin Cons |
|---|---|
| ✅ 100x Leverage | ❌ No Security Fund |
| ✅ 700 Cryptos Supported | ❌ Lacks Advanced Features |
| ✅ Cheap Euro deposits | ❌ Not available in the United States |
| ✅ Best Bot Trading |
3. eToro
eToro operates as a social trading investment platform enabling anyone in Slovakia to invest in cryptocurrencies. They provide crypto trading access to over 70+ coins, as well as traditional assets like stocks, indices, and commodities.
A standout feature of eToro is its CopyTrader functionality. This allows users to automatically copy the trades of top-performing investors on the platform. For crypto beginners, CopyTrader provides a way to mirror the strategies utilized by more seasoned cryptocurrency traders.
In summary, eToro offers Slovakians an innovative social trading experience for cryptocurrencies and other assets. Through CopyTrader, those new to crypto can lean on the expertise of proven crypto investors on the platform. For those wanting exposure to experienced trading strategies, eToro delivers excellent social trading capabilities.
If you want to learn more about the exchange, you can read our full eToro review
Supported Cryptocurrencies: 25+ major cryptocurrencies
Futures Contracts: No futures contracts offered
Max. Leverage: 2x
Spot Trading Fees: 1%
Futures Trading Fees: N/A
Deposits & Withdrawals: Supports fiat deposits/withdrawals and crypto deposits. Limited crypto withdrawals.
Licensed & Regulated: Regulated in UK, Australia, Cyprus, Israel. Not available in the US.
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 |
4. Uphold
Uphold provides one of the easiest ways for beginners in Slovakia to buy and sell major cryptocurrencies.
The platform supports over 60 cryptocurrencies that can be traded fee-free against Euros and other fiat currencies. Uphold has fast account setup and allows debit/credit card crypto purchases.
While Uphold caters more towards casual investors, they still provide helpful tools like two-factor authentication and multi-device synchronization. You can also earn crypto back on card purchases through their Uphold debit card rewards program.
If you want to learn more about the exchange, you can read our full Uphold review
Spot Fees: 1% – 1.99%
Futures Fees: N/A
Supported Cryptos: 250+
Futures Contracts: N/A
EUR Payments: Yes, with debit card, credit card, FPS/SEPA, Apple/Google Pay, and crypto network.
Customer Support: Supports contact through email and ticket forms.
Uphold Pros & Cons
| 👍 Uphold Pros | 👎 Uphold Cons |
|---|---|
| ✅ Very beginner friendly | ❌ Lacks advanced features and liquidity |
| ✅ Great mobile app | ❌ No futures trading |
| ✅ Euro payments supported | ❌ High trading fees |
| ✅ Passive income products |
5. Binance
Binance has quickly become the largest global cryptocurrency exchange by trading volume. With its extensive selection of digital assets and competitive fees, it’s an excellent choice for Slovakian crypto traders.
Binance offers spot trading for over 500 cryptocurrencies and maintains highly liquid order books. The exchange charges a 0.1% spot trading fee, which is lower than most competitors, allowing you to retain more of your investment gains.
For margin trading, Binance provides leverage up to 125x on selected cryptocurrencies. You can also earn interest by lending your crypto through Binance Earn.
The platform has a straightforward interface making it easy for beginners to buy and sell major coins like Bitcoin, Ethereum and Litecoin. More advanced traders will appreciate the comprehensive charting tools and vast range of altcoins available.
In Short, with its low fees, high liquidity, margin trading options, and robust features for both novice and experienced traders, Binance stands out as a top global exchange for Slovakian cryptocurrency investors.
If you want to learn more about the exchange, you can read our full Binance review
Supported Cryptos: Over 500+ cryptocurrencies
Futures Contracts: 200+ Futures contracts
Max. Leverage: 125x
Spot Trading Fees: 0.1% maker / 0.1% taker
Futures Trading Fees: 0.02% maker / 0.04% taker
Deposits & Withdrawals: Euro € deposits and withdrawals via Bank Transfer
Licensed & Regulated: Regulated by FCA, Abu Dhabi GFSC, Thailand SEC.
Binance Pros & Cons
| 👍 Binance Pros | 👎 Binance Cons |
|---|---|
| ✅ Most comprehensive crypto platform | ❌ Not very user-friendly |
| ✅ Low spot and futures trading fees | ❌ Slow during high volatility phases |
| ✅ 24/7 live chat support | ❌ Regulatory issues in some EU countries |
| ✅ Best passive income products | ❌ Not available in US |
| ✅ Cheap Euro deposits |
6. Bitpanda
Bitpanda, formerly known as Bitpanda Pro, is a popular beginner-friendly exchange based in Austria.
The platform makes it simple to buy, sell, swap and invest in over 100 cryptocurrencies. Bitpanda has fast euro deposits/withdrawals via SEPA transfer. They also allow buying crypto using credit/debit cards.
Some standout features for beginners include Bitpanda Academy, BEST rewards program, and the ability to set recurring purchases on coins. More advanced users will appreciate the full-featured web and mobile apps.
If you want to learn more about the exchange, you can read our full Bitpanda review
Supported Cryptos: Over 500+ cryptocurrencies
Futures Contracts: 250+ Futures contracts
Max. Leverage: 125X
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 .
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 |
Is Cryptocurrency Trading Legal in Slovakia?
Yes, Cryptocurrency trading is fully lawful and controlled in Slovakia. The country categorizes digital currencies as “virtual assets” that can be traded legitimately.
Abiding by EU rules, crypto marketplaces located in Slovakia must enroll with the National Bank of Slovakia and employ required anti-fraud and customer identification protocols. Top exchanges including Bitget and Binance have permits to serve Slovakian users.
Regarding taxes, cryptocurrency profits are seen as capital income in Slovakia. Traders must document any crypto gains on annual tax filings. Consulting a tax expert is prudent for guidance personalized to your situation.
How to Buy Bitcoin and Other Cryptocurrencies in Slovakia
Slovakians can easily buy cryptocurrencies on trusted local crypto marketplaces in just a few steps:
Step 1: Create an account and finish KYC identification on a platform like Bitget or Binance.
Step 2: Deposit Euros through a bank transfer or card payment.
Step 3: Execute crypto purchases – Place buy orders for desired coins like BTC, ETH, XRP.
Step 4: Transfer to wallet – Withdraw purchased crypto to a personal wallet for optimal security.
By following this straightforward process, Slovakians can securely acquire top cryptocurrencies with Euros. Be sure to properly store coins after purchasing.
Final Thoughts – Our Top Pick for Slovakia
Cryptocurrency adoption is accelerating in Slovakia, creating many options for buying and trading digital assets.
Overall, we recommend Bitget as the best cryptocurrency exchange for most traders in Slovakia this year.
Bitget provides an excellent blend of:
- Low fees – Spot and derivatives trading fees under 0.2%
- Liquidity – Good depth across popular trading pairs
- Security – Majority of funds held in cold storage
- Ease of use – Suitable for beginners but enough features for advanced users
The availability of margin and futures trading also makes Bitget one of the top choices for seasoned crypto traders in Slovakia seeking more advanced capabilities.
While Bitget comes out on top, all of the exchanges reviewed above are great options depending on your specific needs and experience level. Newcomers may prefer the simplicity of Bitpanda, while large volume traders will appreciate Binance’s discounts and altcoin selection.
Whichever platform you ultimately select, be sure to take steps to securely store your cryptocurrency holdings offline when not actively trading them. This will help you minimize risk and avoid issues like hacks and fraud.
With its crypto-friendly laws and growing community, Slovakia provides an ideal environment for participating in the cryptocurrency economy. We hope this guide gives you all the tools needed to safely buy, trade and invest in digital currency assets in Slovakia. Happy trading!
FAQs
How are Cryptocurrency Profits Taxed in Slovakia?
Cryptocurrency profits are subject to capital gains taxes in Slovakia. The tax rate you pay depends on how long you held the crypto before selling:
- Short-term gains – If you held for less than 1 year – taxed at your ordinary income rate up to 25%.
- Long-term gains – If you held for over 1 year – taxed at a flat 20% rate.
Taxes are only owed when you sell crypto for profit or convert between coins. Simply buying and holding crypto does not trigger taxes.
To prepare for tax season:
- Keep detailed records of all your crypto transactions.
- Track purchase dates, sale dates, cost basis and sale amounts.
- Factor in exchange fees, gas costs for transfers, etc.
- Consult an accountant experienced in crypto taxes.
Using a portfolio tracker tool can help streamline the process of organizing your crypto transactions for tax reporting.
What Are Some Tips for Safely Storing Cryptocurrency in Slovakia?
Once you purchase crypto on an exchange, it’s important to withdraw it to a secure personal wallet where you control the private keys. This protects your funds in case the exchange is ever hacked. Recommended options include:
- Hardware wallets (Ledger, Trezor) – Connect via USB to make transactions. Provide offline cold storage.
- Software wallets (Exodus, Atomic) – Desktop and mobile wallet apps with intuitive interfaces.
- Paper wallets – Keys generated and printed on a secure offline computer.
Ensure you follow proper security practices like enabling 2-factor authentication and safely backing up your recovery phrases for each wallet. Avoid keeping large amounts of crypto on exchanges longer than necessary.
What are the best cryptocurrency exchanges in Slovakia for 2023?
The top recommended crypto exchanges in Slovakia are Bitget, KuCoin, eToro, Uphold, Binance, and Bitpanda based on factors like fees, coin selection, and ease of use.
Is cryptocurrency trading legal and regulated in Slovakia?
Yes, cryptocurrency trading is completely legal and regulated by the National Bank of Slovakia. Exchanges must comply with AML/KYC requirements.
How can I buy Bitcoin, Ethereum and other cryptos in Slovakia?
You can easily buy major cryptocurrencies on exchanges after signing up, completing KYC verification, depositing Euros via bank transfer or card, and placing buy orders.
Which cryptocurrency exchange has the lowest fees for traders in Slovakia?
Bitget offers some of the lowest trading fees in Slovakia around 0.1%, for spot trading. For futures trading, Binance has the lowest fees with 0.02% maker and 0.04% taker.
Is margin trading allowed on crypto exchanges in Slovakia?
Yes, margin trading and crypto derivatives trading is allowed on exchanges like Bitget and Binance with sufficient leverage based on user verification levels.
What crypto derivatives products are available to traders in Slovakia?
Exchanges like Bitget and Binance offer crypto futures, perpetual swaps, and options with up to 100x leverage on popular coins like Bitcoin, Ethereum, and Ripple.
Which exchanges allow funding with Euros from Slovakian bank accounts?
Top exchanges that support SEPA euro transfers for Slovakian users include Bitpanda, Binance, and Bitget, making funding easy.
Do I need to pay taxes on cryptocurrency profits in Slovakia if I’m a foreign trader?
Yes, any trading gains realized while a resident of Slovakia would be subject to capital gains tax even if you are a foreign citizen or investor.
