Selecting the most suitable cryptocurrency exchange in Hungary can be a daunting task, given the multitude of options available. The National Bank of Hungary MNB has warned the public about the unregulated and risky nature of cryptocurrencies like bitcoin. Cryptocurrencies are not recognized as legal tender in Hungary, and the regulatory framework for crypto activities is lacking. Hungary has joined the European Blockchain Partnership and committed to following AMLD5 regulations.
All cryptocurrency exchanges featured in this article are fully regulated, adhere to anti-money laundering (AML) laws, and require Know Your Customer (KYC) verification for user security.
Top 5 Cryptocurrency Exchanges in Hungary Reviewed
We’ve evaluated numerous crypto exchanges to create a list of the top 6 crypto platforms available in Hungary. Keep reading to discover essential details about the finest crypto exchanges for Hungarian traders!
Discover the top crypto exchanges in Hungary:
- BingX – Best Social Trading Exchange in Hungary
- Bitget – Best Alternative Exchange in Hungary
- Binance – Largest Crypto Exchange in Hungary
- Phemex– Best High-Performance Crypto Exchange in Hungary
- Uphold – Best Beginner Crypto Exchange in Hungary
| Exchange | Cryptos | Spot Fees | Future Fees | Max Leverage | Bonus | KYC |
|---|---|---|---|---|---|---|
| 1. BingX | 824+ | 0.10% / 0.10% | 0.02% / 0.05% | 200x | $5,000 | No |
| 2. Bitget | 871+ | 0.10% / 0.10% | 0.02% / 0.06% | 125x | $20,000 | Yes |
| 3. Binance | 414+ | 0.10% / 0.10% | 0.02% / 0.05% | 125x | $100 | Yes |
| 4. Phemex | 355+ | 0.10% / 0.10% | 0.01% / 0.06% | 100x | $8,800 | No |
| 5. Uphold | 250+ | 0.95% / 1.25% | N/A | None | None | Yes |
1. BingX
BingX is a leading exchange for Hungarian crypto traders, offering a wide variety of over 690 cryptocurrencies, including BTC and ETH, along with traditional assets like stocks, commodities, and forex, all available with leverage up to 200x.
The platform offers highly competitive fees: 0.1% for spot trading, and 0.02% and 0.05% for futures makers and takers.
Whether you’re new to trading or a seasoned expert, BingX provides an intuitive interface with advanced features such as technical indicators and copy trading. Anonymous trading is supported, but completing KYC provides benefits like higher withdrawal limits. SEPA deposits come with no fees.
If you want to learn more about BingX, you can read our full BingX review.
Supported Cryptocurrencies: 824+ cryptocurrencies available for spot trading.
Futures Contracts: 246+ futures contracts supported with diverse asset options.
Max. Leverage: Up to 200x leverage for futures trading.
Spot Trading Fees: Flat 0.10% fee for both makers and takers.
Futures Trading Fees: 0.02% for makers and 0.05% for takers.
Deposits & Withdrawals: Supports free Euro deposits via SEPA + credit/debit cards, MoonPay, and bank transfers.
2. Bitget
BitGet is the epitome of a well-rounded cryptocurrency exchange in Hungary. With operations licensed in 180 countries, Bitget mandates full KYC verification to comply with AML regulations. Its user-friendly platform and simplified registration process make it an excellent choice for traders at all levels of experience.
Bitget distinguishes itself through its commitment to user security, boasting a $400 million security fund and publicly releasing proof of reserves. With an extensive selection of over 500 digital assets, advanced trading features, and competitive fees, Bitget caters to active traders while remaining accessible to beginners.
What sets Bitget apart for Hungarian users is the availability of free Euro deposits. Crypto enthusiasts in Hungary can deposit their local fiat currency without incurring any fees through SEPA bank transfers. Withdrawals come with a modest fixed fee of 0.5€. Furthermore, Bitget offers multiple avenues for direct cryptocurrency purchases, including Credit/Debit Cards, Google Pay, Apple Pay, and third-party providers.
If you want to learn more about the platform, you can read our full BitGet review.
Spot Fees: 0.1% maker / 0.1% taker
Futures Fees: 0.02% maker / 0.06% taker
Supported Cryptos: 598+
Futures Contracts: 300+
Deposit & Withdrawals: Bank transfer, SEPA, credit/debti card
Customer Support: 24/7 support through email, live chat, and social media channels
3. Binance
Binance stands as a global cryptocurrency giant, serving over 120 million registered users worldwide. This exchange offers an extensive array of over 1000 trading pairs across various categories, including spot, margin, futures, and options trading.
Binance charges variable deposit fees depending on the method used, while withdrawals are typically free. The spot trading fee is set at a competitive 0.1%, with attractive maker and taker rebates of 0.02% and 0.04%, respectively, available for derivative trading.
Regulated by the Cyprus Securities and Exchange Commission (CySEC), Binance provides an extra layer of security and compliance. Users who prioritize operating within a regulated environment may find this appealing.
Binance offers 24/7 customer support through live chat, email, and an online ticketing system, ensuring users have access to assistance when needed.
Hungarian users can conveniently deposit HUF through various methods, including credit/debit cards, bank transfers, SEPA transfers, and ZEN.
If you want to learn more about the platform, you can read our full Binance review.
Spot Fees: 0.1% maker / 0.1% taker
Futures Fees: 0.02% maker / 0.04 taker
Supported Cryptos: 385+
Payment Methods: Multiple deposit methods, including credit/debit cards, bank transfers, SEPA transfers, and ZEN
Customer Support: 24/7 live chat support
4. Phemex
Phemex, established in 2019 and based in Singapore, is a well-known crypto exchange with over 5 million users across the globe. The platform offers 355+ cryptocurrencies and 260+ futures contracts, providing leverage up to 100x for futures trading. This makes it an excellent option for active traders.
Phemex features competitive trading fees—0.10% for spot trades and 0.01% for futures makers. While KYC is not mandatory, verifying an account offers higher withdrawal limits. The platform also includes features like copy trading and advanced trading bots such as grid and martingale strategies.
Users can deposit fiat currencies such as USD, EUR, and others via credit/debit cards, SEPA, and payment services like Google Pay and MoonPay. Although Phemex has a lower spot volume of $78.45M and is restricted in certain countries, including the US and UK, it offers a user-friendly experience for privacy-conscious traders.
If you want to learn more about Phemex, you can read our full Phemex review.
Supported Cryptocurrencies: 355+
Futures Contracts: 260+
Max. Leverage: 100x
Spot Trading Fees: 0.10% (maker/taker)
Futures Trading Fees: 0.01% (maker), 0.06% (taker)
Deposits & Withdrawals: Supports free Euro deposits via SEPA + credit/debit cards, Google Pay, MoonPay, and Banxa.
5. Uphold
Uphold, a U.S.-based cryptocurrency exchange, offers access to a broad spectrum of over 250 cryptocurrencies. With a simple and intuitive platform, Uphold is an ideal choice for beginners in the crypto market.
Uphold goes beyond crypto trading by providing access to 50+ stocks and 25 forex currencies, offering users the opportunity to diversify their portfolios.
The fee structure on Uphold is straightforward, with a 1.4% maker fee and a 1.95% taker fee. Users have multiple options for purchasing cryptocurrencies, including Credit/Debit Cards, Bank Transfers, Google Pay, Apple Pay, and more.
Uphold offers 24/7 live chat support to address user inquiries promptly.
Hungarian users can conveniently deposit HUF via bank transfers with a reasonable fee or use Credit/Debit Cards, although this incurs a slightly higher fee.
If you want to learn more about the platform, you can read our full Uphold review.
Spot Fees: 1.4% maker / 1.95% taker
Futures Fees: No futures supported
Supported Cryptos: 250+
TradFi Assets: 50+ stocks and 25 forex currencies
Payments: Bank Transfers, 3.99% Fee on Credit/Debit card payments
Customer Support: 24/7 live chat support
Is Crypto Legal in Hungary?
Yes, cryptocurrencies like Bitcoin are legal to buy, sell, and trade in Hungary. However, they are not considered legal tender, meaning they are not officially recognized as a form of payment. Cryptocurrency service providers, including exchanges, are required to adhere to anti-money laundering (AML) and Know Your Customer (KYC) regulations, ensuring the security and legitimacy of their operations.
It’s crucial for cryptocurrency users in Hungary to stay informed about changes in regulations and tax obligations related to their crypto activities. Consulting with a financial advisor or tax professional specializing in cryptocurrency can be highly beneficial for navigating the evolving legal landscape.
How to Buy Bitcoin & Other Cryptos in Hungary
Purchasing Bitcoin and other cryptocurrencies in Hungary is a straightforward and cost-effective process when done correctly. Follow these steps to securely acquire cryptocurrencies in Hungary while obtaining the best rates:
1. Choose a Crypto Exchange: Begin by selecting a cryptocurrency exchange operating in Hungary. Consider factors such as value for money, security, and user-friendliness. Bitget offers competitive advantages due to its low fees and free Euro deposits.
2. Sign Up & Verify Identity: Legitimate cryptocurrency exchanges, such as Bitget, require KYC verification to comply with AML laws. The registration process is typically straightforward, with government-issued ID or passport verification for identity.
3. Purchase Cryptos: Once registered and verified, navigate to the spot market on the chosen exchange to exchange your fiat currency for cryptocurrencies like USDT or BTC. Thanks to low fees on platforms like Bitget, you’ll only pay minimal fees for purchasing cryptocurrencies.
4. Secure Your Assets: It’s highly recommended never to leave your cryptocurrency investments on an exchange. For optimal security, transfer your assets to a cold storage wallet, such as the Ledger Nano X.
Final Thoughts
In conclusion, Hungary offers a conducive environment for buying, selling, and trading cryptocurrencies like Bitcoin. The available exchanges, including Bitget, Phemex, Binance, BingX, and Uphold, cater to diverse preferences, from beginners to experienced traders.
While Bitget and Phemex offer advanced trading features and competitive fees, Binance’s global presence and regulatory compliance make it a robust option. BingX stands out for its copy trading feature, while Uphold provides a user-friendly experience with access to a wide array of cryptocurrencies.
Remember that cryptocurrency investments are subject to taxation, and capital gains tax may apply. Consultation with a local tax advisor is strongly recommended to address specific cryptocurrency taxation requirements in Hungary.
By following our step-by-step guide, you can securely purchase cryptocurrencies in Hungary, making the most of the available options while adhering to legal and regulatory standards.
