Best Crypto Exchanges Luxembourg 2024: Who Wins?

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December 20, 2024
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Best crypto exchanges in luxembourg

Are you thinking about investing in cryptocurrencies in Luxembourg? It’s important to pick a licensed exchange that follows the European Securities and Markets Authority (ESMA) regulations.

These approved platforms simplify depositing Euros using different payment methods, keeping your crypto investments safe and accessible. Beyond security, selecting the right crypto exchange in Luxembourg means you can efficiently handle your crypto assets.

To assist you in this endeavor, our blog reveals the top crypto exchanges in Luxembourg, perfect for starting your crypto trading adventure. Interested in what these exchanges have to offer? Keep reading to find out!

 

Top 5 Crypto Platforms in Luxembourg Reviewed

To kickstart your journey into digital asset investing in Luxembourg, we’ve evaluated the top trading platforms available in the region.

These exchanges are renowned for their reliability and credibility, offering user-friendly interfaces, a wide range of supported cryptocurrencies, diverse payment options, and a comprehensive set of features:

  1. Bitget – Best Overall Exchange in Luxembourg
  2. Bitpanda – Best Luxembourg Exchange for Small-Scale Investors
  3. BingX – Best Exchange for Social Trading in Luxembourg
  4. Phemex– Best High-Performance Exchange in Luxembourg
  5. Bitstamp – Best Luxembourg Based Exchange

 

Sort by:
Overall Cryptos Spot Fees Future Fees Max Leverage Bonus KYC
Exchange Cryptos Spot Fees Future Fees Max Leverage Bonus KYC
1. Bitget 871+ 0.10% / 0.10% 0.02% / 0.06% 125x $20,000 Yes
2. Bitpanda 200+ 0.15% / 0.15% N/A None €10 Yes
3. BingX 824+ 0.10% / 0.10% 0.02% / 0.05% 200x $5,000 No
4. Phemex 355+ 0.10% / 0.10% 0.01% / 0.06% 100x $8,800 No
5. Bitstamp 75+ 0.50% / 0.50% N/A None None Yes

 

1. Bitget

Bitget, founded in 2018, is a leading choice for European and Luxembourg-based crypto traders with access to 598 cryptocurrencies. It ranks twelfth globally on CoinMarketCap with 20M+ users.

Regulated by FinCEN, Bitget operates in 120+ countries, offering low fees combined with 10x leverage in spot and 125x in futures trading. It’s ideal for active traders in Luxembourg, offering high liquidity and 300+ futures contracts.

Additionally, it provides passive income options like staking, mining, and copy trading.

If you want to learn more about the crypto exchange, make sure to read our Bitget review.

 

Spot Fees: 0.1% maker / 0.1% taker

Futures Fees: 0.02% maker / 0.06% taker

Supported Cryptos: 598

Futures Contracts: 300+

EUR Payments: Bank transfer, SEPA.

Customer Support: 24/7 support through email, live chat, and social media channels

 

Bitget Pros & Cons

👍 Bitget Pros👎 Bitget Cons
✅ Free Euro deposits❌ Advanced Features are confusing for beginners
✅ Very user friendly❌ Limited Educational Resources
✅ 500+ Cryptos❌ Not available in US
✅ Copy Trading
✅ 24/7 Live chat support
✅ Low fees

 

Visit Bitget!

 

2. Bitpanda

Bitpanda, an Austrian cryptocurrency exchange established in 2014, has become one of Europe’s best cryptocurrency exchanges for buying, selling, and trading digital assets.

It’s a preferred choice among users due to its user-friendly design, making it accessible for novice and experienced cryptocurrency enthusiasts.

Additionally, BitPanda offers a range of payment options, enhancing its appeal to newcomers looking to acquire popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and many other digital coins in Luxembourg.

Bitpanda offers extensive services, including trading over 3,000 cryptocurrencies, ETFs, stocks, and numerous other assets, making it an appealing choice for Luxembourg-based investors exploring the crypto world.

If you want to learn more about the exchange, you can read our full Bitpanda review.

 

Spot Fees: 1.49% (buying), 1.29% (selling) for simple trading.

Futures Fees: 1.49% (buying), 1.29% (selling) for simple trading.

Supported Cryptos: 200+

Futures Contracts: N/A

EUR Payments: Debit card, credit card, bank transfer, Skrill, Neteller, iDEAL, Klarna/SoFort, and more.

Customer Support: Accessible through Telegram and email.

Bonus: EUR 10 Sign Up Bonus (Claim Now).

 

Bitpanda Pros & Cons

👍 Bitpanda Pros👎 Bitpanda Pros
✅ Very beginner friendly❌ No futures
✅ 300+ cryptos available❌ Low liquidity
✅ Simple € on/off ramps❌ Lacks advanced features
✅ Passive income products❌ No proof of reserves
✅ TradFi + Crypto Assets

 

Visit Bitpanda!

 

3. BingX

BingX is a premier crypto exchange for traders in Luxembourg, providing access to over 690 cryptocurrencies like BTC and ETH, in addition to traditional assets such as forex, stocks, and commodities with leverage up to 200x.

The platform boasts low trading fees—just 0.1% on spot trades, with 0.02% and 0.05% fees for futures makers and takers.

BingX offers an intuitive interface with advanced trading tools such as technical indicators and copy trading. While anonymous trading is an option, completing KYC enhances the user experience by offering more features and higher withdrawal limits. SEPA Euro deposits come without any charges.

If you want to learn more about the exchange, 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.

 

BingX Pros & Cons

👍 Pros👎 Cons
✅ Very reputable crypto exchange❌ Lacks fiat support
✅ 800+ supported assets❌ Too advanced for beginners
✅ Up to 150x leverage❌ P2P requires KYC
✅ Low trading fees
✅ Verious products & Services
✅ Great copy trading

 

Visit BingX!

 

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 the exchange, you can check out 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.

 

Phemex Pros & Cons

👍 Phemex Pros👎 Phemex Cons
✅ Low fees for cost-effective trading❌ Limited Fiat Support
✅ No KYC requirements❌ Few Educational Resources
✅ High speed transactions per second
✅ Spot, margin, and futures trading options
✅ Advanced tools for robust trading
✅ Phemex Pulse for community and market insights
✅ Early project access via Launchpool with PT token

 

Visit Phemex!

 

5. Bitstamp

Bitstamp, a prominent Luxembourg-based cryptocurrency exchange, combines local prominence with global accessibility. Regulated and licensed by the Luxembourg Financial Regulator, CSSF, Bitstamp features a user-friendly interface and advanced trading features.

The platform’s strong commitment to local and international regulations ensures a secure and trustworthy trading environment. This alignment with Luxembourg’s regulatory framework has solidified Bitstamp’s position as the best locally-based exchange.

Bitstamp serves over 4 million customers with access to around 75 popular cryptocurrencies. They offer fee-free trading for the initial $1000 of trading volume within a 30-day rolling period, making it beginner-friendly.

The platform provides educational resources, user-friendly trading features, and round-the-clock live support, catering to beginners and advanced traders in Luxembourg.

For the latter, Bitstamp offers competitive trading fees, an advanced trading tool called Tradeview, and a staking program named Bitstamp Earn as part of its crypto reward program.

If you want to learn more about the platform, you can read our full Bitstamp review.

 

Spot Fees: 0.3% (maker), 0.4% (taker)

Futures Fees: 0.3% (maker), 0.4% (taker)

Supported Cryptos: 75

Futures Contracts: N/A

EUR Payments: Credit Card, Debit Card, Bank Transfer, Google Pay, SEPA, Apple Pay & PayPal.

Customer Support: Through email, phone, and social media platforms.

 

Bitstamp Pros & Cons

👍 Bitstamp Pros👎 Bitstamp Cons
✅ Highly regulated exchange❌ No live chat support, only e-mail
✅ Highest security measures❌ Relatively high trading fees
✅ Very user-friendly❌ Lacks advanced crypto trading features
✅ Supports Euro payments

 

Visit Bitstamp!

 

Is Crypto Legal in Luxembourg?

Yes, trading cryptocurrencies is legal and operates within a robust regulatory framework.

In 2015, Luxembourg made a significant move in cryptocurrency regulation by giving Bitstamp a Payment Institution license. This put Luxembourg on the map as a leading European hub for cryptocurrency innovation and adoption.

Since then, the country’s financial regulator, the Commission de Surveillance du Secteur Financier (CSSF), considers cryptocurrencies intangible assets. This means crypto exchanges must follow strict rules to operate within the law of Luxembourg.

 

How to Buy Bitcoin & Other Cryptos in Luxembourg?

If you’re considering beginning your investment journey with Luxembourg’s top crypto trading platform, here are the steps to get started smoothly:

 

Create an Account

When choosing among the above-mentioned top cryptocurrency exchanges in Luxembourg, find the one that suits your investment needs. These exchanges are user-friendly, accept various deposits, and offer different cryptocurrencies.

However, they vary in fees, security, and features, so explore their details to pick your best fit based on your preferences. However, you can always sign up for more exchanges later.

 

Complete KYC Verification

After registering, you must complete the Know Your Customer (KYC) verification process by verifying your identity and address. This is a legal requirement for nearly all exchanges in Luxembourg.

To complete your KYC verification, you must submit front and back pictures of your photo ID. This verification typically completes instantly or within 1-2 days.

 

Make Fiat Deposit

Connect your bank account or credit card to the exchange to buy Bitcoin and other cryptocurrencies. You can choose to deposit finances to your account on the cryptocurrency exchange through different payment methods accepted by that exchange.

The time it takes for funds to arrive at the exchange can vary depending on your chosen payment method.

 

Search Your Preferred Cryptocurrency

Enter the coin’s name or symbol in your chosen Luxembourg trading platform’s search box to buy cryptocurrencies. For instance, you can simply type “BTC,” click on it, and then input your preferred trading details.

 

Buy Cryptocurrency

Once you’ve found your preferred cryptocurrency, you can buy your first Bitcoin or other cryptocurrencies. When buying Bitcoin, you don’t have to purchase a whole one. Many exchanges let you buy small amounts, even just a few dollars’ worth.

 

Protect Your Asset

After buying your chosen cryptocurrency, move it to your secure personal wallet.

Leaving your coins on an exchange can be risky, as hackers often target exchanges. Storing your cryptocurrencies in a personal hardware wallet reduces this risk significantly.

 

Final Thoughts

To summarize, when it comes to the best crypto exchanges in Luxembourg, our selection offers a wide range of options to cater to various trader preferences.

From Bitget, the top choice overall, to Bitpanda for small-scale investing options, and Bitstamp’s huge user base of 4M+ in Luxembourg.

These Luxembourg-based crypto exchanges offer a range of options to meet various needs, allowing you to start your cryptocurrency trading journey on the platform that best suits your preferences.

 

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