How easy is it to Buy Crypto In Europe?

Top Platforms to Buy Crypto in Europe Under MiCA Regulation

In Europe, users can buy cryptocurrencies with ease thanks to the availability of various regulated crypto trading platforms. The implementation of the Markets in Crypto-Assets (MiCA) regulation streamlined the crypto exchanges that operate in Europe, ensuring only the regulated ones are available to users. These trading platforms allow users to purchase cryptocurrencies using various methods. This article will look at how to buy cryptocurrencies in Europe.

What to Consider Before You Buy Crypto in Europe

Before we look at the best platforms to buy cryptocurrencies in Europe, it is important to be aware of a few considerations:

• Carry out your research: To avoid falling for scam projects, you need to adequately research the cryptocurrencies you intend to buy. It is ideal to stay on top of industry news to make informed investment decisions.

• Security Measures: You shouldn’t ignore security measures on your wallet. Security measures include two-factor authentication (2FA), using hardware wallets to store cryptos, and others.

• Dollar-Cost Averaging: This is an excellent way to gain maximum exposure to the market. This allows investors to invest a fixed amount of money into cryptocurrencies at regular intervals, regardless of market fluctuations.

• Long Investment Horizon: Crypto prices are usually volatile in the short term. Hence, it is ideal to focus on the potential long-term value proposition of the coins you buy to keep you from panic selling. 

Best Places to Buy Cryptocurrencies in Europe

Kraken

Kraken is one of the easiest cryptocurrency exchanges to use because it keeps things simple by not offering users a wide range of services. 

As one of the leading crypto exchanges in the world, allowing Europeans access to over 200 cryptocurrencies. Kraken offers seamless EUR deposits and withdrawals via SEPA. The exchange has strong regulatory compliance across Europe and offers advanced security features, including proof-of-reserves.

Trading fees are competitive, especially for high-volume traders. Kraken's responsive customer support team can be contacted through multiple means, including live chat and email.

Bybit

Based in Dubai, Bybit has become the second-largest cryptocurrency exchange, only behind Binance. Bybit exchange is regulated by the Virtual Assets Regulatory Authority (VARA) in Dubai. In Europe, Bybit is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Astana Financial Services Authority in Kazakhstan. The crypto exchange currently supports over a thousand cryptocurrencies. 

In the Bybit exchange review, the platform offers several products and services, including trading, the Bybit Earn Program, Crypto Loans, P2P, and Crypto Lending. 

Bybit Exchange provides varying trading fees for non-VIP and VIP users. VIP members enjoy additional fee discounts based on their VIP level. The crypto exchange supports a variety of payment methods in Europe, including bank transfers, SEPA, third-party payment providers, and the Bybit Card.

Crypto.com 

Crypto.com is one of the oldest cryptocurrency exchanges that is still functional. It allows users to buy and sell over 250 cryptocurrencies and supports over 20 fiat currencies, including EURO. 

The crypto exchange offers various products and services, including a Visa-Powered Crypto Card, a crypto-earn program, and staking with returns of up to 12.65% annually.

In terms of fees, Crypto.com’s maker/taker fee is 0.0750%/0.0750%. However, those who use Cronos (CRO), the platform’s native token, will enjoy discounted trading fees. 

Bitget

Bitget has rapidly become one of the leading crypto exchanges in Europe. The exchange supports SEPA and EUR deposits and credit card transactions. Bitget’s primary product is its derivatives trading platform, which provides traders with various futures contracts.

 A key feature of Bitget is the social trading functionality, which allows users to observe and replicate successful traders' strategies.

Final Thoughts

The Markets in Crypto-Assets (MiCA) regulation will come into effect in December, providing maximum security to crypto investors in Europe. This will ensure that only regulated crypto exchanges operate in the region.

The cryptocurrency exchanges mentioned in this article are regulated entities and provide Europeans access to various cryptocurrencies, payment methods, security features, and other crypto-related products and services.