How to Buy Bitcoin in Cyprus?

You must be wondering – How can I purchase Bitcoin in Cyprus?

In this article, we’ll go through the most popular crypto exchanges available in Cyprus for purchasing bitcoin and crypto.

Easiest and cheapest ways to buy crypto in Cyprus

Getting bitcoins in Cyprus is not an easy task as not all popular crypto exchanges are available to Cyprus citizens. This is a current list of bitcoin exchanges that allow users from Cyprus to buy crypto. They all support buying crypto with credit/debit cards but some of them offer other payment methods as well.

74% of retail CFD accounts lose money.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Regulated & high liquidity
How to Buy Bitcoin in Cyprus?

eToro

👛 Ease of Use – Easy
👛 Fees – Low
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP + more

eToro is a comprehensive trading platform that provides access to a variety of financial instruments, such as stocks, ETFs, cryptocurrencies, and CFDs. The platform charges a transparent 1% fee for cryptocurrency transactions, with no fees for ETFs and stocks, although ETFs may have their own internal costs.
More info +
Regulated & high liquidity
coinbase

Coinbase

👛 Ease of Use – Easy
👛 Fees – Average
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – EUR, USD, and 50+ more

Coinbase is one of the well-known, established, and trusted cryptocurrency exchanges. It was founded back in 2012, with its headquarters in San Francisco.
More info +
Regulated & high liquidity
kucoin logo

KuCoin

👛 Ease of Use – Easy
👛 Fees – Low
👛 Verification – 1 day
👛 Reputation – Trusted
👛 Supported fiat –  USD, EUR, GBP, AUD, CAD + 20 more


KuCoin, founded in 2017, has carved a niche for itself. Operating out of Hong Kong, this exchange is celebrated for its vast array of over 600 cryptocurrencies, ensuring that both mainstream and emerging coins are accessible to traders
More info +
Established & high liquidity
How to Buy Bitcoin in Cyprus?

Bitpanda

👛 Ease of Use – Easy
👛 Fees – Average
👛 Verification – 1-2 Days
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, and more

Bitpanda is an Austrian cryptocurrency exchange that offers users a personal wallet and trading platform.
More info +

Best Bitcoin Wallets in Cyprus

It is never a good idea to keep your coins on an exchange as that exposes you to numerous risks (exchange hacks, fund freezes by the exchange or some government regulatory body, etc). That is why you should use one of the wallets we list below to store your digital assets.

But, which bitcoin wallet is available in this country?

The safest option is a hardware wallet like Nano X but ZenGo is also a good choice, especially for newcomers.

Bottom Line
Pros
Cons
ZenGo
ZenGo
Mobile
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Bottom Line
ZenGo is an easy iOS/Android Bitcoin & cryptocurrency wallet. Getting started takes less than 20 seconds.
Pros
extremely safe as it uses biometrics for security
you can buy crypto directly from it
has savings and staking account
Cons
No major flaws
Exodus
Exodus
Desktop
Visit Now
Bottom Line
Electrum is one of the oldest and most popular desktop multi-currency wallets which is compatible with Windows, Mac, and Linux
Pros
One of the oldest wallets in the market
you can buy and stake directly from the wallet
supports all major coins and blockchains
Cons
Not completely open source
Ledger Nano X
Ledger Nano X
Hardware
Visit Now
Bottom Line
Ledger Nano X is a leading and most secure cold storage wallet that connects to your device via Bluetooth.
Pros
Safest wallet in the market
competitive price
supports a lot of coins
you can buy directly from the wallet
stake directly from the wallet
Cons
Small display
complicated to setup for newbies

Read also:

Regulated & high liquidity
uphold exchanges

Uphold

👛 Ease of Use – Easy
👛 Fees – Low
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, GBP, EUR + more

Launched in 2015 in New York, Uphold represents an exchange platform that supports crypto, precious metal, US equities, Forex trading, and commodity trading.
Uphold has gained popularity through its Anything-to-Anything feature that enables users to trade different types of assets. There are more than 50 cryptos supported, including majors, alt-coins, stablecoins, and emerging tokens.
More info +
Regulated & high liquidity
How to Buy Bitcoin in Cyprus?

Safello

👛 Ease of Use – Easy
👛 Fees – High
👛 Verification – 1 day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, JPY, CAD

Safello is a Swedish cryptocurrency exchange that offers simple buying and selling of Bitcoin for fiat currencies.
More info +
Trusted & high liquidity
Bitstamp

Bitstamp

👛 Ease of Use – Easy
👛 Fees – Low
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP

Since its inception in 2011, Bitstamp has been a beacon in the cryptocurrency exchange landscape. It holds the title of the oldest crypto exchange, lauded for its reasonable pricing, steadfast service, and intuitive setup. Bitstamp’s footprint is evident in over 100 countries, albeit with potential feature restrictions in some locales. The exchange’s operations are overseen by a team of seven connoisseurs, proficient in both classical and decentralized financial ecosystems.
More info +

Frequently asked questions about buying Bitcoin in Cyprus

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Petar Jovanović
Petar Jovanović

As the Head of Content at Captainaltcoin, I bring years of experience in the crypto industry. With a strong belief in the potential of the web3 market since 2017, I'm passionate about sharing valuable insights and knowledge. Feel free to connect with me on LinkedIn and let's discuss the exciting world of cryptocurrencies and decentralized technologies!

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