Best Crypto Exchange in Cyprus (2025)

The number of users in the Digital Assets market in Cyprus is expected to reach 64,240 thousand by 2025, reflecting the increasing interest in cryptocurrencies. User penetration, which stands at 5.40% in 2024, is projected to remain relatively stable at 5.40% by 2025. 

As digital currencies gain more traction, choosing the right crypto exchange becomes important for securing a smooth and efficient trading experience. Even if you’re a beginner or an experienced investor, selecting the right platform tailored to your needs is important.

In this article, we’ll take a closer look at the best crypto exchanges in Cyprus for 2025, offering insights into their features, fees, and unique characteristics.

Key Takeaways

• Cyprus is a desirable location for cryptocurrency exchanges because of its advantageous tax laws, EU-compliant rules, and MiCA standards. 
• Top exchanges in Cyprus in 2025 include UEEx, Binance, Kraken, Coinbase, eToro, and OKX.
• Many platforms in Cyprus support trading with Euros, making transactions convenient for local users.
• Regulated exchanges ensure compliance with EU rules, offering a safe and transparent trading environment.
• You can earn passive income through features like staking and liquidity farming available on top exchanges.

Exchange	Best For	Available Assets	Trading Fee	Supported Crypto	Unique Features	Security Features	Fiat Support	Max Leverage
UEEx	Overall Best	300+	0.09% for spot trading and 0.05 for futures trading. Stock trading costs 1.50%	BTC, ETH, SOL, etc.	Intuitive platform, advanced analytics	Cold storage, 2FA, regulatory compliance	EUR, USD, GBP	Up to 200x
Greensafe	Cypriot residents, focus on simplicity	Limited (BTC, ETH, and a few others)	Varies	BTC, ETH, and other common cryptos	Focus on local market, potentially strong customer support in Cyprus	N/A	EUR	No leverage
eToro	Multi-Asset Trading	4500+	0% commission, 1% spread	BTC, ETH, SOL, etc.	Social trading, regulated by CySEC	CySEC, FCA regulation	EUR, USD, GBP, etc.	Up to 30x
Coinbase	Ease of use	240+	Varies, but typically: Taker 0.60%, Maker: 0.40%	Blue-chip cryptos	Learning rewards, wallet app	Insurance on deposits, cold storage	EUR, USD	Up to 20x
Kraken	Institutional Investors	200+	Range from 0% to 0.26% (lower fees for higher trading volumes)	BTC, ADA, ETH, etc.	Deep liquidity, OTC desk	Proof of reserves, 2FA	EUR, USD, JPY, etc.	Up to 50x
Crypto.com	Mobile-friendly	297	0.00%-0.40%	Popular and stablecoins	Crypto debit card, Earn program	Cold storage, platform insurance	EUR, USD, GBP	100x
Bybit	Derivatives trading	1000+	0.1% Maker/Taker (spot trading); Liquidation Fee: 2% (margin)	BTC, ETH, DOGE, etc.	High leverage, staking, NFT marketplace	Multisig wallets, risk management tools	EUR, USD	Up to 200x
Gate.io	Altcoin diversity	1,800+	0.1% Maker/Taker; discounts for GT holder	Extensive altcoins & DeFi tokens	NFT marketplace, cloud mining	Cold wallets, 2FA, audit compliance	50+ currencies	125x
HTX (Huobi)	Global Access	300+	Varies	BTC, BCH, LTC, etc.	Promotions, high-speed trading	Regular audits, cold storage	EUR, USD	Up to 5x
Uphold	Beginners	250+	Varies	BTC, LTC, XLM, etc.	Gold/silver trading, easy interface	Transparent asset backing	EUR, USD, GBP	Up to 10x
KuCoin	Small-cap altcoins	700+	Base fee of 0.1%	Altcoins & emerging tokens	Trading bots, KuCoin Shares	Cold storage, security fund	Limited fiat (EUR, USD)	125x

1. UEEx – Best Overall

(Source: UEEx)

UEEx, launched in 2021, offers a versatile trading experience for you, whether you’re just starting out in the crypto world or you’re a seasoned investor in Cyprus. The platform provides a range of features designed to meet your diverse trading needs.

You can engage in spot trading for real-time transactions, amplify your potential returns with futures trading offering up to 200x leverage, or use margin trading to enhance your positions. 

For Cypriot users like yourself seeking portfolio diversification, UEEx also integrates stock trading, allowing you to manage both traditional and digital assets from a single, convenient platform.

If you’re new to trading, you’ll find UEEx’s copy trading feature especially helpful. It enables you to mirror the strategies of successful investors, significantly reducing the learning curve and giving you practical insights.

UEEx also features its own native token, UE Coin, which unlocks various benefits for you. You can use it to receive discounts on trading fees, earn staking rewards, and access exclusive platform features. Furthermore, you can leverage your existing BTC, ETH, or UE Coin holdings as collateral through UEEx’s crypto loan service.

UEEx prioritizes your security. They store 97% of funds offline in cold wallets and implement advanced AML measures. Their regulatory compliance through licenses in the U.S. and Canada adds another layer of security, giving you peace of mind as you navigate the dynamic cryptocurrency market.

For you, as a resident of Cyprus, UEEx provides a comprehensive and user-friendly trading experience, designed to support both your growth and the security of your investments in the rapidly developing crypto ecosystem.

Pros

• Wide range of trading options, including spot, futures, and margin trading.
• Leverage of up to 200x for futures trading.
• Secure storage for assets and strong compliance with regulations.
• Discounts and staking rewards through the UE Coin token.

Cons

• The platform requires KYC verification, which may concern some users.
• The user interface might be challenging for beginners.

Fees

source: UEEx)

• Specific fees vary by asset and transaction type. Spot trading typically cost 0.09%, futures trading 0.05% stock trading on the other hand cost 1.50%
• Withdrawal fees depend on the asset. For instance USDT-TRC20 costs 1 USDT. All charges are transparently outlined on the platform.

2. GreenSafe – Cypriot Residents, Focus on Simplicity 

(Source: GreenSafe)

Greensafe, based in Famagusta, Cyprus, operates as an over-the-counter (OTC) cryptocurrency exchange. This means they connect you directly with other buyers and sellers, bypassing the traditional exchange order book system. This direct approach shapes how they operate and who they’re best suited to serve.

Unlike exchanges where you place orders and wait for a match, Greensafe handles your trades directly. You’ll find this particularly beneficial for larger transactions, as it offers greater price certainty and helps you avoid that frustrating situation where market fluctuations cause you to receive a different price than you initially anticipated.

Pros 

• If you’re in Cyprus and planning to buy or sell substantial amounts of cryptocurrency, you’ll likely find that OTC desks like Greensafe offer more competitive rates than traditional exchanges.
• For Cypriots who prefer a more personalized experience, the OTC model, with its direct communication and tailored service, can be a significant advantage.
• With OTC trading, you gain greater price certainty for large orders, minimizing the risk of slippage that can occur on traditional exchanges.
• If you value face-to-face interactions, you’ll appreciate Greensafe’s physical presence in Famagusta, which offers a convenient local option.

Cons 

• If you’re a Cypriot citizen looking to trade only small amounts of cryptocurrency, you’ll likely find a traditional exchange more convenient than an OTC desk like Greensafe, as OTC desks typically cater to larger transactions.
• You might find limited information about Greensafe’s fees, supported cryptocurrencies, and security measures online compared to larger exchanges. This means you’ll need to contact them directly to get the specific details you need.
• You should be aware that the OTC model offers less transparency than order book exchanges, where you can see all buy and sell orders publicly displayed.

Fees

Since Greensafe operates as an OTC desk, you won’t find published fee percentages like on traditional exchanges. 

Instead, they negotiate fees with you directly, particularly for larger transactions. If you’re a Cypriot citizen interested in using their services, you should contact Greensafe to discuss their fee structure for your specific trade.

3. eToro – Multi-Asset Trading 

Read Also: Best Crypto Exchanges in Hungary (2025)

eToro, a popular multi-asset trading platform founded in 2007, appeals to traders like you in Cyprus by offering a diverse range of investment options, from cryptocurrencies to traditional financial markets like stocks, ETFs, commodities, and forex.

You’ll find eToro’s social trading features particularly engaging. They allow you to follow and even copy the strategies of experienced traders a valuable learning tool if you’re just starting your trading journey in Cyprus.

eToro gives you access to over 3,000 financial instruments, including 74 popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE). 

You can also use their secure crypto wallet and explore Smart Portfolios pre-built portfolios designed around specific themes or market trends. These tools empower you to easily diversify your investments and pursue long-term strategies.

If you’re new to trading, you can take advantage of eToro’s demo account, complete with $100,000 in virtual funds. This allows you to practice trading and test your strategies in a risk-free environment.

eToro supports fiat deposits in euros (EUR) and other currencies, streamlining the onboarding process for you as a Cypriot user. Their mobile app also ensures you can manage your portfolio anytime, anywhere.

As a platform regulated by multiple authorities, including the Cyprus Securities and Exchange Commission (CySEC), eToro provides you with a secure and trusted trading environment. Their compliance with local regulations gives you added peace of mind as you navigate both traditional and digital markets.

For you, as a Cypriot citizen seeking a balanced platform that supports both learning and professional trading, eToro presents an accessible and reliable option.

Pros

• Easy for beginners, with user-friendly tools and a demo account.
• Unique social and copy-trading features for learning from experienced traders.
• Regulated in multiple jurisdictions, ensuring strong security and compliance.
• Wide variety of assets to trade, including both traditional and digital markets.
• Allows fiat deposits and withdrawals in multiple currencies.

Cons

• Higher fees compared to specialized crypto platforms.
• Limited advanced trading tools for professional traders.
• Certain withdrawal restrictions for cryptocurrencies.
• Minimum deposit requirements vary, and they can be high in some regions.

Fees

• Crypto spreads start at 0.75%.
• Currency Conversion Fee: Up to 1% for deposits or withdrawals not in USD.
• Withdrawal Fee: $5 per transaction.
• Inactivity Fee: $10 per month after 12 months of inactivity.
• Overnight Fees: Charged for leveraged CFD positions held overnight.

4. Coinbase – Ease of Use 

(Source: Coinbase)

Coinbase, a globally recognized cryptocurrency exchange established in 2012 and headquartered in the United States, offers you, as a trader in Cyprus, a simple and user-friendly platform. 

If you’re just beginning your crypto journey or you’re a seasoned investor, you’ll find Coinbase caters to your needs with access to over 250 cryptocurrencies, including popular options like Bitcoin, Ethereum, Cardano, and Solana.

You can securely store your assets with Coinbase’s custodial wallet, or if you prefer greater control, you can opt for their decentralized wallet.

As a resident of Cyprus, you’ll appreciate Coinbase’s seamless support for euro (EUR) deposits and withdrawals. 

You can easily fund your account using convenient methods like debit cards, SEPA bank transfers, and PayPal, allowing you to start trading quickly.

Coinbase offers a platform designed to suit your skill level. If you’re an experienced trader, you can utilize their advanced trading tools. If you’re new to crypto, you’ll find the straightforward interface easy to navigate.

You can also engage with Coinbase Earn, a feature that rewards you with free crypto while you learn about different cryptocurrencies through short educational modules. 

Plus, you can earn passive income by staking select cryptocurrencies and participating in network validation.

Pros

• The interface and educational resources like Coinbase Earn make it easy for new users to get started.
• Over 500 cryptocurrencies available for storage and trading.
• Multiple deposit and withdrawal options, including PayPal and Apple Pay.
• Industry-leading security protocols with cold storage and insurance coverage for hot wallet funds.
• Staking rewards and crypto cashback on purchases using the Coinbase Card.

Cons 

• Standard trading fees can reach 3.99% for card payments and 1.49% for bank transfers, making it more expensive than competitors.
• Customer service has been criticized for slow responses and limited resolution options.
• Recently, detailed fee structures were removed, making it hard for users to predict costs until the trade preview.

Fees

• Instant Purchases: Credit/debit card fees of 3.99%.
• Standard Transactions: 1.49%-2.99%, depending on the payment method.
• Spreads: Approximately 0.50%, varying with market conditions.
• Advanced Trading: Fees as low as 0.40% (maker) and 0.60% (taker), with discounts based on trading volume.

5. Kraken – Institutional Investors  

(Source: Kraken’s website) 

Kraken, a globally respected cryptocurrency exchange founded in 2011 and based in San Francisco, offers you, as a trader in Cyprus, a reliable and versatile platform. Whether you’re a beginner or an advanced trader, you’ll find Kraken caters to your needs.

You can trade over 200 cryptocurrencies, including popular choices like Bitcoin, Ethereum, and Solana, as well as emerging digital assets. You’ll also appreciate Kraken’s support for fiat currencies, including euro (EUR) deposits and withdrawals conveniently processed through SEPA transfers.

For experienced traders like yourself, Kraken provides advanced features such as margin and futures trading, allowing you to explore leveraged strategies for potentially higher returns. If you’re looking for long-term investment opportunities, you can utilize Kraken’s staking service to earn passive income on assets like Ethereum, Polkadot, and Cardano.

Even if you’re new to crypto, you’ll find Kraken’s intuitive interface easy to navigate. Plus, they offer educational resources that will help you deepen your understanding of the cryptocurrency markets.

Pros

• Wide range of cryptocurrencies and fiat pairs.
• Advanced trading features like futures and margin trading.
• Strong focus on security with features like Kraken Labs for cybersecurity research.
• Transparent fee structure with discounts for high-volume traders.
• Accessible to global users, with support for various deposit methods, including bank transfers and Apple Pay.

Cons

• Staking is not available in certain countries, including the U.S.
• Advanced features may feel overwhelming for beginners.
• Verification process can be time-consuming, especially for higher account tiers.

Fees

(Source: Kraken) 

• Instant Buy/Sell Fees: 0.9% for stablecoins and 1.5% for other cryptocurrencies.
• Additional Charges: Payments via cards or online banking incur a 3.75% fee.
• Withdrawal Fees vary by currency, ranging from $0.10 to $35 for fiat withdrawals​. 
• Cryptocurrency Deposits are generally free while cash deposit fees vary depending on the method; some options are free. 

6. Crypto.com – Mobile-friendly  

(Source: Crypto.com)

Crypto.com, a one-stop platform for all your crypto needs, caters perfectly to you, whether you’re a seasoned trader in Cyprus or just starting your crypto journey.

They offer a massive selection of over 250 cryptocurrencies, from big names like Bitcoin, Ethereum, and Solana to exciting new altcoins waiting to be discovered. You can also seamlessly buy crypto using euros (EUR) with your credit/debit card or via SEPA transfers through their fiat-to-crypto services.

For Cypriot residents on the go, the Crypto.com Visa debit card is a game-changer. Spend your crypto directly, earn cashback rewards on everyday purchases, and even withdraw euros from ATMs – all with the convenience of a regular debit card.

Crypto.com’s CRO token is your key to unlocking exclusive benefits within their ecosystem. As a Cypriot user, you can leverage CRO to reduce your trading fees, enjoy higher staking rewards, and get boosted cashback rates on your Visa card.

Looking to earn passive income? Crypto.com offers staking programs with competitive rates and flexible terms, perfect for growing your crypto holdings over time. 

They even provide a DeFi wallet, giving you complete control over your private keys for secure and decentralized storage of your crypto assets.

And if you’re curious about the world of NFTs, Crypto.com’s NFT marketplace allows you to explore and potentially invest in these digital collectibles, putting you at the forefront of the latest trends.

Pros 

• Over 250 cryptocurrencies available.
• Includes staking, lending, NFTs, and a Visa debit card.
• Reduced fees for high-volume traders and CRO holders.
• Multi-factor authentication, cold storage, and FDIC insurance on fiat balances.

Cons 

• Relies mainly on chat-based support.
• Users must stake CRO tokens to access the best rates.
• Cashback rates on the Visa card have declined over time.
• Experienced a hack in 2022, though measures were improved afterward.

Fees  

(Source: Crypto.com) 

• Deposit and withdrawal fees depend on the asset and transaction method, with bank transfers often being fee-free.

7. Bybit – Derivatives Trading 

(Source: Bybit) 

Bybit is an increasingly popular cryptocurrency exchange offering a wide range of services, making it an appealing option for traders in Cyprus. 

Known for its strong focus on derivatives, Bybit gives you access to over 200 futures contracts, alongside spot trading and staking options. 

You’ll find a wide selection of over 300 cryptocurrencies, including familiar names like Bitcoin, Ethereum, and Dogecoin, providing you with plenty of trading opportunities.   

Whether you’re a seasoned pro or just starting out, you’ll appreciate Bybit’s platform, which combines an intuitive interface with powerful charting and analysis tools.   

If you’re looking to boost your earnings, Bybit offers ETH 2.0 staking with rewards of up to 4% APY, as well as dual asset investments that allow you to capitalize on short-term price movements. 

The Bybit Card, powered by Mastercard, gives you the convenience of spending your crypto directly for purchases or ATM withdrawals anywhere in the world.   

High-volume traders in Cyprus can take advantage of the Bybit VIP Program, unlocking reduced fees and other exclusive benefits. And if you’re interested in the world of digital art, Bybit’s NFT marketplace provides you with opportunities to explore and invest in these unique collectibles, further diversifying your portfolio beyond traditional cryptocurrencies.

Pros

• Offers a wide range of trading options, including spot, derivatives, and perpetual futures.
• Competitive fees, with a base spot trading fee of 0.1% for makers and takers.
• Advanced security measures like cold storage and two-factor authentication (2FA).
• Features like staking, token launchpad, and NFT trading appeal to diverse user needs.
• Comprehensive customer support is available 24/7.

Cons

• Not available in key markets like the U.S. and U.K. due to regulatory restrictions.
• Primarily focused on crypto; fiat support is limited to deposits and purchases via third-party providers.

Fees 

(Source: Bybit)

•  Holding Bybit’s native BIT token can reduce fees by up to 25%​.

8. Gate.io – Altcoin Diversity

(Source: Gate.io)

Gate.io, a popular cryptocurrency exchange on the rise, offers a treasure trove for traders in Cyprus like yourself. With over 1,700 cryptocurrencies, it’s one of the most diverse platforms out there. 

If you’re into established coins like Bitcoin and Ethereum or want to explore niche altcoins, Gate.io has you covered.

They cater to all experience levels. Beginners will find the interface user-friendly, while seasoned traders can leverage advanced tools like margin trading, perpetual contracts, and in-depth charting features for making informed decisions.

Gate.io’s copy trading feature allows you to mirror the strategies of successful investors, easing you into the market with confidence. Plus, their social features promote a sense of community. 

Finally, Gate.io offers competitive trading fees, making it an attractive option for cost-conscious Cypriot traders who still demand advanced features. You won’t have to break the bank to trade strategically on Gate.io.

Pros

• Large selection of cryptocurrencies.
• Competitive fees can drop as low as 0% for high-volume traders.
• Advanced security measures, including cold storage and regular audits.
• Offers staking and lending products for passive income.
• Accessible trading options for both beginners and advanced users.

Cons

• Limited fiat currency support (only around 15 currencies).
• The interface can feel overwhelming for newcomers due to its extensive features.
• Restricted in some countries, including the U.S. and the U.K.

Fees

• Spot trading fees range from 0.1% to 0%, depending on trading volume and account type.
• Deposit is free for cryptocurrency deposits; third-party fiat deposits incur a fee of 1-5%.
• Withdrawal fees vary depending on the cryptocurrency (e.g., Bitcoin withdrawal fee is approximately $1.65)

9. HTX (Huobi) – Global Access 

(Source: HTX) 

HTX (formerly Huobi), a globally recognized cryptocurrency exchange established in 2013, offers a wealth of features designed to benefit you as a trader in Cyprus. 

Serving users in over 180 countries, HTX provides access to a vast selection of over 606 cryptocurrencies and 690 trading pairs, giving you excellent opportunities for diversifying your portfolio.

You’ll find that HTX supports various trading styles, including spot, margin, and futures trading, with leverage of up to 100x available on certain contracts. 

If you’re a beginner in Cyprus just starting with spot trading or an experienced trader looking to implement advanced strategies, HTX has the tools you need.

If you’re interested in earning passive income, you can explore HTX’s staking, crypto lending, and Huobi Earn feature, which offer competitive returns on your digital assets. 

You can also automate your trading strategies using tools like trading bots or even copy the trades of experienced investors.

For convenient access to the crypto market, HTX facilitates fiat-to-crypto transactions through providers like Visa, Mastercard, Banxa, and Simplex. This allows you, as a Cypriot resident, to purchase cryptocurrencies directly using euros (EUR), simplifying the onboarding process if you’re new to the crypto space.

Pros

• Support cryptocurrency with over 606 cryptocurrencies and 690 trading pairs available.
• Includes spot, margin, and futures trading with up to 100x leverage.
• Copy trading and trading bots help users optimize strategies and profits.
• Provide passive income opportunities like staking, lending, and the Huobi Earn program.
• The mobile app is user-friendly and fully functional for trading on the go.

Cons

• Not available in the U.S., Canada, and certain other regions.
• Operates as an offshore entity, which may be a concern for some users.
• Though improved, the platform has experienced breaches in the past.

Fees

Alt text: HTX trading fee (Source: HTX Website)

• Spot trading fees start at 0.2% for both makers and takers. Discounts are available for users holding Huobi Token (HT) or for high-volume trading.
• Deposit is free for cryptocurrencies. Fiat deposits may incur charges based on the payment provider.
• Withdrawal fees vary based on the asset and network conditions. For instance, Bitcoin withdrawals typically cost 0.0005 BTC

10. Uphold Exchange – Beginners 

(Source: Uphold) 

Uphold offers you, as a resident of Cyprus, a versatile platform to access a diverse range of assets. You can explore over 280 cryptocurrencies, alongside fiat currencies like euros (EUR) and even commodities such as gold and silver. 

This makes Uphold a convenient choice if you’re looking to diversify your investments across different asset classes.

Uphold distinguishes itself through its commitment to transparency. They update their reserve status every 30 seconds, giving you real-time confidence in the platform’s solvency and security.

You’ll find Uphold simplifies asset management with features like one-step asset swaps. This allows you to instantly convert any supported asset into another without the hassle of multiple transactions, particularly useful if you want to react quickly to market changes.

Uphold also empowers you to implement long-term investment strategies with tools like recurring buys for dollar-cost averaging. The AutoPilot feature further simplifies portfolio management by automating your trading activities.

Purchasing cryptocurrencies is also straightforward. Uphold supports fiat-to-crypto transactions, allowing you to deposit euros via bank transfers or debit cards and buy crypto directly.

If you’re new to trading or an experienced investor, you’ll find Uphold intuitive interface easy to navigate.

Pros

• Supports a wide variety of assets, including fiat and commodities.
• Unique asset-to-asset trading in one step.
• No deposit or withdrawal fees for standard bank transfers.
• Transparent reserve reporting in real-time.
• User-friendly interface with mobile and web platforms.
• Global reach with services available in 150+ countries.

Cons

• High spread fees for certain cryptocurrencies, especially low-liquidity assets.
• Limited advanced charting tools for professional traders.
• Staking is unavailable in many regions, including the U.S.
• Debit cards are limited to the UK and does not support crypto spending directly.

Fees

• Variable spread up to 2.65% on average
• Deposit is free via ACH bank transfers. 3.99% for card payments and Apple Pay/Google Pay.
• Withdrawal is free for standard bank transfers. Instant withdrawals cost 1.75%, with a minimum charge of $1.

11. KuCoin Exchange – Small-cap Altcoins  

(Source: KuCoin) 

KuCoin, a well-established cryptocurrency exchange, offers you, as a trader in Cyprus, a wide array of trading possibilities. 

With over 700 cryptocurrencies and 1,290 trading pairs, you gain access to both popular tokens like Bitcoin and Ethereum and niche assets often unavailable on other platforms.

Whether you’re new to the crypto scene or a seasoned pro, you’ll find KuCoin’s advanced features, including spot, margin, and futures trading, cater to your needs. You can even amplify your investments with leveraged trading options up to 100x.

If you’re looking to generate passive income, KuCoin’s KuCoin Earn feature allows you to stake or lend your cryptocurrencies. You can also participate in mining pools and trading competitions, earning rewards for your active involvement and potentially maximizing your returns.

For convenient access to the crypto market, KuCoin supports fiat-to-crypto transactions. You can easily purchase crypto directly using euros through credit cards, SEPA transfers, and third-party providers like Banxa. Plus, you’ll benefit from free internal transfers between KuCoin accounts.

Pros

• Wide Range of Cryptocurrencies with over 700 tokens and 1,290 trading pairs, including niche and emerging options.
• Low trading fees can be reduced further by holding KuCoin’s native token (KCS).
• Includes margin and futures trading with up to 100x leverage.
• Provides earning opportunities like Staking, lending, and mining pools allows users to grow their portfolios passively.
• It has strong security measures like offline cold wallets, 2FA, and proof-of-reserve audits for transparency.

Cons

• KuCoin lacks licensing in key regions, including the U.S., which limits its accessibility and regulatory trust.
• Advanced tools and trading options may be difficult to navigate for novice users.
• Reports of slow response times and withdrawal delays have affected the platform’s reputation.

Fees

• Deposit is generally free for most cryptocurrencies.
• Withdrawal fees vary by token and network, e.g., 0.0005 BTC for Bitcoin and 0.005 ETH for Ethereum.

Key Benefits of Using a Crypto Exchange in Cyprus

Using a cryptocurrency exchange in Cyprus can be a strategic choice for several reasons, including regulatory clarity, a supportive financial environment, and ease of access to the European Union (EU) market.

1. Regulatory Framework

Cyprus, as an EU member state, follows the comprehensive Markets in Crypto-Assets (MiCA) regulation. MiCA ensures a harmonized approach to crypto services across the EU, offering greater transparency and security for users. 

Crypto exchanges licensed in Cyprus comply with stringent rules such as safeguarding customer funds, maintaining verifiable reserves, and implementing anti-money laundering (AML) measures. This creates a safer environment for investors and traders alike.

2. Access to the European Market

Through MiCA, crypto exchanges operating in Cyprus can offer services across the entire EU without requiring additional licenses. 

This cross-border “passporting” capability makes Cyprus an attractive hub for both local and international exchanges, allowing users to access a wide array of crypto services and products.

3. Tax Benefits

Cyprus has competitive tax policies, including a low corporate tax rate of 12.5%. Also, capital gains from cryptocurrencies are exempt from taxation if the crypto is not related to business activities. These factors make Cyprus particularly appealing to crypto businesses and investors.

4. Technological and Financial Expertise

Cyprus has a strong financial services sector, supported by skilled professionals and a growing interest in blockchain and cryptocurrency technologies. The government encourages innovation through initiatives such as blockchain workshops and the implementation of blockchain in public services.

5. Safety and Trust

The Cyprus Securities and Exchange Commission (CySEC) ensures that crypto exchanges adhere to high standards of governance, data protection, and operational security. This helps users trust the platforms they trade on and reduces the risks associated with unregulated exchanges

What to Consider When Choosing a Crypto Exchange in Cyprus

(Source: Pinterest)

When selecting a cryptocurrency exchange in Cyprus, it is important to evaluate a range of factors to ensure a safe, cost-effective, and user-friendly trading experience. Below are the key aspects to consider:

1. Security Features

Exchange	Insurance	Cold Storage %	Regulatory Status	Security Features
UEEx	Yes	93%	Licensed	Multi-factor authentication, Access control with IP and wallet whitelisting
GreenSafe	Yes	99.50%	Registered in Cryprus	N/A
eToro	Yes	Majority in cold storage	Regulated by the Financial Conduct Authority (FCA) in the UK	Two-factor authentication (2FA), SSL encryption, segregated client funds
Coinbase	Yes	95%	Registered as a Money Services Business (MSB) with FinCEN in the US	Two-factor authentication (2FA), biometric logins, insurance for digital assets
Kraken	Yes	95%	Registered as a Money Services Business (MSB) with FinCEN in the US	Two-factor authentication (2FA), global settings lock, master key, cold storage
Crypto.com	Yes	92%	Regulated under the Virtual Asset Service Provider (VASP) license in multiple jurisdictions	Two-factor authentication (2FA), cold storage for all user funds, real-time transaction monitoring
Bybit	Yes	98%	Registered in the British Virgin Islands	Multi-factor authentication, SSL encryption, cold storage for all user funds, proof-of-reserves audits confirming full backing of assets
Gate.io	Partial	89.00%	Limited EU presence	Multi-layer security system, DDos protection, Cloud data risk control, 2FA
HTX (Huobi)	Yes	92%	Compliant with regulations in multiple regions	Two-factor authentication (2FA), 24/7 security monitoring, cold wallet storage, insurance fund
Uphold	Yes	Majority in cold storage	Regulated by the Financial Conduct Authority (FCA) in the UK	Two-factor authentication (2FA), encryption protocols, real-time fraud detection
KuCoin	Yes	Majority in cold storage	Registered in Seychelles	Two-factor authentication (2FA), anti-phishing safety phrase, trading password, internal risk control department, partnered with Onchain Custodian for fund security

Security is important when choosing a crypto exchange. Look for platforms with robust security measures like two-factor authentication (2FA), cold storage for funds, and encryption. 

Some exchanges also provide withdrawal whitelists or multi-signature wallets, adding extra protection. Also, platforms with regular security audits and adherence to best practices are safer choices for your investments. For example, UEEx is known for its industry-leading security protocols. 

2. Regulatory Compliance

Ensure the exchange complies with Cypriot and international regulations, such as Know Your Customer (KYC) and Anti-Money Laundering (AML) policies. This compliance ensures legitimacy and lowers the risk of legal issues. Regulated exchanges like UEEx and Coinbase are excellent examples, offering both transparency and trustworthiness.

3. Supported Cryptocurrencies

Evaluate the variety of cryptocurrencies available. If you are interested in major coins like Bitcoin or Ethereum, most platforms will suffice. However, if you are considering emerging tokens, UEEx gives you a wider selection. 

4. Fiat Currency Support

Choose an exchange that supports deposits and withdrawals in your preferred fiat currency, such as EUR. Platforms like UEEx allow you to fund accounts with bank transfers, debit/credit cards, or SEPA, making transactions easier for Cypriot residents. 

5. Fees and Costs

Exchange	Trading Fees		Max Leverage
	Maker	Taker
UEEx	0.09%	0.09%	200x
Greensafe	Varies	Varies	N/A
eToro	Varies (based on spreads)	Varies (based on spreads)	30x
Coinbase	Varies, but typically: Maker: 0.40%	Varies, but typically: Taker 0.60%	Up to 20x
Kraken	Kraken Pro fees for makers go from 0.25% (with $0 – $10,000 trading volume) to as low as 0% (with $10,000,000+ trading volume)	From 0.40% (with $0 – $10,000 trading volume) to 0.1% (with $10,000,000+ trading volume).	50x
Crypto.com	Varies by account level	Varies by account level	Up to 100x
Bybit	0.1%	0.1%	Up to 100x
Gate.io	Varies (based on trading volume and account type)	Varies (based on trading volume and account type)	100x
HTX (Huobi)	Varies	Varies	Up to 5x
Uphold	Varies (based on spread)	Varies (based on spread)	Up to 10x
Kucoin	Varies (based on level)	Varies (based on level)	125x

Trading fees, deposit/withdrawal charges, and spreads vary widely. For example, UEEx offers low trading fees starting at 0.1%, while other platforms like Uphold include spreads in their pricing. Review the fee structure carefully to avoid unexpected costs.

6. Ease of Use

User experience is important, especially for beginners. Platforms like UEEx and eToro  are designed with simplicity in mind, making them ideal for novice traders. Advanced users may prefer platforms like Bybit or OKX for their sophisticated tools and features.

How to Get Started with UEEx in Cyprus 

Getting started on UEEx in Cyprus is simple. Follow these steps to get started:

1. Open an Account

Visit the official UEEx website and click on “Sign Up“ at the top right corner of the homepage.

• Enter your email address or phone number (include your country code).
• Create a strong and unique password.
• UEEx will send you a verification code. Use it to confirm your email or phone number.

If you have an invitation code, enter it during signup to enjoy commission rewards.

2. Deposit Funds

To start trading, deposit funds into your account.

• Go to the “Asset Management” section on the platform.
• Click on “Recharge” under your chosen asset and select whether to deposit crypto or fiat.
• Follow the on-screen instructions to complete your deposit.

The processing time will depend on the currency you’re using. Crypto deposits will require block confirmations, while fiat deposits may take a little longer to process.

3. Start Trading

Once your deposit is ready, you can begin trading!

• Explore the platform’s features and choose the cryptocurrency you want to trade.
• UEEx is designed to be easy to use for beginners and packed with tools for experienced traders.

Unique features like the UE Coin Miner app let you mine UE Coin, the platform’s native token. You can also try copy trading, where you follow and replicate the strategies of successful traders.

Are Crypto Exchanges Legal in Cyprus 

Yes, cryptocurrency exchanges are legal in Cyprus. The country has adopted a progressive stance towards cryptocurrencies, integrating them into its existing financial services legislation. 

On February 18, 2021, Cyprus amended its Prevention and Suppression of Money Laundering and Terrorist Financing Law to incorporate the European Union’s Fifth Anti-Money Laundering Directive (AMLD5). This amendment officially recognized and defined crypto-assets within the legal framework. 

Under this legislation, the Cyprus Securities and Exchange Commission (CySEC) oversees the regulation of crypto-asset service providers (CASPs). CASPs are required to register with CySEC and comply with Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) obligations. This ensures that exchanges operate transparently and adhere to established financial standards. 

Read Also: History of Top Cryptocurrency Exchanges

For example, in July 2022, Crypto.com received regulatory approval from CySEC to operate in Cyprus, demonstrating the country’s openness to reputable crypto exchanges. 

Conclusion

When it comes to trading crypto in Cyprus, your platform choice matters. With so many options to choose from, it’s important to find an exchange that matches your needs in terms of fees, assets, and security. 

Our top picks for 2025 provide everything you need to trade with confidence. Do your research, stay informed, and you’ll be ready to take full advantage of what the crypto market has to offer.

Frequently Asked Questions