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7 Best Crypto Exchanges In Portugal 2023

7 Best Crypto Exchanges In Portugal 2023- Hey, today I will discuss the best crypto exchange in Portugal, its features, costs, and the investor it is best for. Cryptocurrency exchange is a digital marketplace where traders can buy and sell cryptocurrencies using different fiat currencies or altcoins.

A crypto exchange can be a broker, an investment platform, or a marketplace.
Exchanges vary in terms of their trading fees, security measures, user experience, and supported cryptocurrencies.

7 Best Crypto Exchanges In Portugal 2023 Details

7 Best Crypto Exchanges In Portugal 2023- Selecting the right exchange is crucial because it can determine whether you make a profit or loss on your investment.
Here are seven of the best crypto exchanges in Portugal that you can use to buy and sell cryptocurrencies.

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KEY TAKEAWAYS

  • You will find a list of the best cryptocurrency exchange in Portugal
  • Each exchange has a particular recommendation for the investor the exchange is best for
  • You will learn the features and costs of the listed exchanges
  • You will get answers to some frequently asked questions on crypto exchanges in Portugal
Best Crypto Exchanges in Portugal
7 Best Crypto Exchanges In Portugal 2023

Crredit:barrons.com

7 Best Crypto Exchanges in Portugal

7 Best Crypto Exchanges In Portugal 2023 –The crypto exchange choice matters. People’s choices will impact how profitable their trades are, how easily they can buy and sell cryptos, and whether they can use them in Portugal. Below is a list of the best crypto exchanges you will find in Portugal

1. CoinSmart

7 Best Crypto Exchanges In Portugal 2023 –The CoinSmart exchange offers low trading fees of just 0.2%. The exchange supports 16 cryptos, verifies accounts quickly, prides itself on its helpful customer service representative, and has a well-rated app.

The CoinSmart exchange is regulated by several Canadian financial authorities, which keeps people’s money safe and secure.

The exchange is also a publicly-traded company on Toronto’s NEO stock exchange, which means the exchange is subject to 3rd-party financial and security audits at least once yearly.

Features

• The exchange offers extremely low trading fees (just 0.20% per trade)

• 24/7 customer service available via phone, live chat, or email

• Instant verification of account

• Supports 16 cryptos

• Immediate deposits/withdrawals

• User-friendly for beginners and advanced investors

• 95% cold storage policy keeps crypto extra secure

Cost

• Account Opening is free

• Trading Fees are 0.20%

Best For

The exchange is best for traders looking to trade stablecoins or altcoins with the lowest fees.

2. Crypto.com

7 Best Crypto Exchanges In Portugal 2023-The Crypto.com exchange is a major global platform that brings a mature, proven exchange to experienced cryptocurrency investors. The exchange supports over 100 cryptocurrencies, making it an ideal fit for people looking to invest in undiscovered altcoins before the masses.

The exchange offers some features that no other crypto exchange can match. Users can trade futures and options contracts, earn interest by staking coins, and make trades close to 10x leverage when they feel confident in a coin.

Crypto.com exchange has invested enormous money into its security platform, which makes trading with them safe.

Overall, the platform is a solid exchange for traders looking to cash in on brand-new altcoins.

Features

• Average trading fees of 0.4 percent

• Supports over 100 cryptocurrencies

• The exchange Allows up to 10x leverage

• Trade crypto derivatives

• Earn daily interest by staking coins

• Purchase newly-listed coins at up to 50 percent off

• Free deposits from all cryptos

Cost

• Account Opening is free

• Trading Fees: 0.4 percent

Best For

The exchange is best for traders looking to buy altcoins and other new cryptocurrency assets before they go mainstream.

2. Pepperstone

7 Best Crypto Exchanges In Portugal 2023 –The Pepperstone crypto exchange is a CFD trading platform licensed and regulated by the ASIC (Australian Securities and Investments Commission), the FCA in the United Kingdom, and the DFSA in the United Arab Emirates.

With the platform’s direct access to CFDs on indices and cryptos, stocks, ETFs, and forex, the exchange is an all-in-one investing platform used by cryptocurrency traders globally.

The Pepperstone exchange offers tight spreads, low trading commissions, and an extensive offering of assets to invest in. Experienced/professional investors can trade with 10x leverage available on most cryptocurrency assets.

The exchange doesn’t charge any withdrawal or deposit fees and spreads range from just 0.0 to 1.2 pips depending on the crypto asset. The mobile app is rated 4.0/5 on iOS and 4.3/5 on Android, with customer service available 24/7 via email or telephone to answer all questions.

Features

• Offers Zero trading commissions

• Tight spreads

• 24/7 customer service via email and phone

• Up to 10x leverage on most crypto assets depending on the jurisdiction

• Gives traders Access to TradingView’s advanced charting tools

• Supports over 20 crypto CFDs

• Free withdrawals and deposits

Cost

• Spread: From 0.0 to 1.2 pips

 • Trading Fees are Low

• Deposit Fees are Free

• Withdrawal Fees are Free

Best For

Experienced or professional investors looking for access to charting tools and low fees.

3. CMC Markets

7 Best Crypto Exchanges In Portugal 2023-The CMC Markets exchange is a leveraged trading platform and one of the biggest investing platforms in volume, with more than 1 million active traders across all their markets.

The exchange supports 18 crypto assets, including a mix of the biggest cryptos like Ethereum and Bitcoin and some altcoins with potential like Cardano, NEO, and TRON.

The exchange aggregates cryptocurrency prices from over 15 exchanges and data sources to offer very competitive prices. The exchange also offers another way to gain exposure to cryptocurrency: Crypto Indices.

In terms of pricing, the exchange is ahead of many exchanges – for starters, the platform doesn’t charge trading fees; people will only pay small spreads of 0.02% for purchases and 0.09% for selling. 

Features

• The exchange supports over 15 cryptocurrencies

 • Provides access to diversified Crypto Baskets

• App available for Android and iOS

 • Demo environment

• Data analysis and In-depth market insights for Alpha users

Cost

• Trading Fees are Free 

• Spread: 0.07 percent (%)

4. Bitpanda

7 Best Crypto Exchanges In Portugal 2023 –The BitPanda platform is one of Europe’s most popular crypto exchanges for selling and buying digital currencies.

The platform is popular among many traders since it features an easy-to-use and user-friendly design for purchasing and trading cryptocurrencies. The exchange has various payment choices that novice crypto users can use to acquire BTC, ETH, and many other crypto coins.

Features

               • Wide array of withdrawal and payment methods

               • Easy-to-use and intuitive platform

               • Offers a Wide array of crypto assets supported (over 25)

               • Fast customer service available 24/7

Cost

               • Trading fees are 5% per trade

Best For

The crypto exchange is best for traders new to the world of crypto trading looking for an easy-to-understand crypto exchange.

5. BitYard

7 Best Crypto Exchanges In Portugal 2023-The platform is a Singapore-based cryptocurrency exchange that supports 150+ countries around the globe.

The exchange offers some of the lowest fees, depending on the crypto; fees can be as low as 0.075 percent, and it currently supports 30 of the largest cryptocurrency.

Some of the exchange’s best features include its CopyTrading features, Demo Account, instant account verification, and CFD access. In terms of fees, the exchange not only offers low trading fees but there are no fees at all for deposits, whether fiat or cryptocurrency.

Features

• Supports over 30 cryptocurrencies

• 24/7 customer service via live chat or email

• Supports CFD cryptocurrency trading

• CopyTrading feature, people can copy the portfolios of the top traders

• Demo Account

• Instant verification of account

• Assets are kept in cold storage

Cost

 • Trading Fees start from 0.075 percent to 0.5 percent

• Maker’s Fee is 0.1%

• Taker’s Fee is 0.1%

• Crypto Conversion Fees are 0.1%

• Deposits Fees Crypto and Fiat are Free

• Withdrawal Fees depend on the crypto

Best For

The exchange is best for traders looking for low fees and instant verification of accounts.

6. Paybis

7 Best Crypto Exchanges In Portugal 2023 –The Paybis platform is a crypto exchange established in 2014 and located in the UK. The platform enables its users to purchase and trade cryptos, and it’s regulated by the FCA (Financial Conduct Authority).

The platform lets customers purchase supported cryptocurrency coins in 47 distinct fiat currencies. The US Dollar, the Turkish Lira, the Canadian Dollar, the Euros, and the Pound Sterling currently support fiat currencies on the exchange.

Features

 • Regulated by the FCA

• Instant verification of account

• Wide variety of payment methods

• Has a referral program

• Supports a wide range of fiat currencies

• Very fast customer service/support response time

Cost

• debit /credit card purchases start from 5% + 0.1 USD

• Skrill purchases start from 3.54% + 0.1 USD

• Advanced Cash purchases start from 3.95% + 0.1 USD

• Neteller purchases start from 3.54 + 0.1 USD

• Payeer purchases start from 4.95% + 0.1 USD

• Bank wire purchases start from 3% + 0.1 USD

• Bank transfer purchases start from 1.5% + 1 EUR

Best For

Investors/traders new to crypto trading looking for an easy-to-understand cryptocurrency exchange.

Read Also:

Top 10 Best Forex Trading Platforms in Australia for Beginners

7 Best CFD Trading Platform in Australia 2022

10 Top Best CFD Brokers in South Africa 2022

Conclusion

7 Best Crypto Exchanges In Portugal 2023-Picking the best crypto exchange is not easy; people will have to research, compare and read reviews about the exchange they want, given all the options and different features each offer.

That’s why we have decided to make the job easier for you; we took our time to list the best crypto exchange for you based on years of research, personal experience, and customer reviews.

FAQS

How can I buy crypto in Portugal?

  • Create an account with any exchange of your choice
  • Complete the KYC verification process.
  • Make a fiat deposit.
  • Buy crypto
  • Send crypto to a personal wallet.

Is Portugal good for cryptocurrency?

7 Best Crypto Exchanges In Portugal 2023 –Portugal sets a good example for other European countries in terms of cryptocurrency-friendliness. The country encourages foreign investors, entrepreneurs, and digital nomads by allowing them to realize tax-free crypto earnings.

Is Portugal tax-free for crypto?

7 Best Crypto Exchanges In Portugal 2023 In Portugal, crypto transactions are exempt from VAT, as the country views cryptos as a form of payment rather than an asset.

Can you use Coinbase in Portugal?

Citizens of Portugal can convert, sell and buy cryptos with fiat. 

Is Binance allowed in Portugal?

 Binance is now available in Portuguese.

Is Binance better than Coinbase?

7 Best Crypto Exchanges In Portugal 2023 Binance is a better fit for individuals familiar with crypto lingo and investing options, whereas the Coinbase platform is built for convenient and easy trading.

Is there any Bitcoin ATM in Portugal?

7 Best Crypto Exchanges In Portugal 2023 –As of January 2021, there are no Bitcoin ATMs in Portugal.

Which countries have no crypto laws?

  • Belarus.
  • El Salvador.
  • Portugal.
  • Germany.
  • Singapore.
  • Malaysia.
  • Malta and many more

Does Coinmama work in Portugal?

Coinmama accepts clients from Portugal.

You can learn more from the video below:

Bitcoin & Cryptocurrency Trading in Portugal

7 Best Crypto Exchanges In Portugal 2023 The Portuguese economy is considered to be a steady and reliable one, continuing its expansion since 2014. The economic growth is supported by large companies with a worldwide reputation, but also by its sustainable tourism.

7 Best Crypto Exchanges In Portugal 2023 Portugal is considered to be a Bitcoin-friendly country. The Portuguese financial authorities treat Bitcoin as any other currency on the market. In Portugal, gains and profits from Bitcoin transactions are not being taxed, since “the exchange of Bitcoin “constitutes an on-demand, VAT-free exercise of services”, according to the Portuguese tax authorities.

Crypto Exchanges In Portugal 2023

7 Best Crypto Exchanges In Portugal 2023 –The Central Bank of Portugal has started a process of approving crypto exchanges, and in July 2021, announced two exchanges had received approval. The bank is clear that this is not an endorsement by the bank for cryptocurrency to be legal tender, but it does show an approval of the activities that these exchanges are providing. This approval does seem to be a long process, and it is reported that there are requests from more exchanges. It appears that these exchanges are still allowed to operate in the country without approval, perhaps because approvals are currently taking almost a year to complete.

7 Best Crypto Exchanges In Portugal 2023One of the easiest ways to buy Bitcoin in Portugal is through the cryptocurrency exchanges outlined above. There are several exchanges offering Bitcoin in Portugal, allowing you to select one based on your requirements and preferences using our guide. Different exchanges have different transaction fees, withdrawal limits, payment modes, and verification processes that need to be kept in mind before users select one.

7 Best Crypto Exchanges In Portugal

7 Best Crypto Exchanges In Portugal 2023 Additionally, Bitcoin buyers need to keep in mind that certain exchanges might require you to get a wallet of your own before being able to buy the digital currency. Even if there is no requirement, it is recommended to have a wallet of your own for security reasons (preferably a hardware wallet).

As of January of 2021, there are unfortunately no Bitcoin ATMs in Portugal.

FAQ

Does Coinbase work in Portugal?

7 Best Crypto Exchanges In Portugal 2023 Citizens of Portugal can convert, buy, and sell cryptocurrencies with fiat. Supported payment methods are:

  • Bank Deposit
  • PayPal
  • 3D Secure Credit Card
  • Debit Card
  • Credit Card

Where Can I Find a Bitcoin ATM in Portugal?

7 Best Crypto Exchanges In Portugal 2023 At this time, there are no Bitcoin ATMs in Portugal.

You can use our Bitcoin ATM finder tool to check back in occasionally and see if one has opened.

What is the price of Bitcoin in Portugal?

Bitcoin prices are changing every second.

The best way to find the most up-to-date price of Bitcoin is to check out our Bitcoin price page.

How do I cash out of Bitcoin in Portugal?

Any exchange with a Euro trading pair will allow you to sell your Bitcoin for fiat currency. Kraken has EUR trading pairs for many popular coins.

As of January of 2021, there are unfortunately no Bitcoin ATMs in Portugal.

7 Best Crypto Exchanges In Portugal 2023 LocalBitcoins is another option. Here, you can buy and sell Bitcoin for a wide range of payment methods, from gift cards to bank transfers. LocalBitcoins is a peer-to-peer (P2P) exchange, where you buy and sell with another individual. This does introduce a degree of risk, though by ensuring that you conduct all business on the platform, make use of its escrow services, and only trade with users who have a good reputation, you’ll minimize any potential problems.

You could also use a service like eGifter to sell your Bitcoin for gift cards.

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