How to Buy Cryptocurrency in Greece
Buying cryptocurrency in Greece
If we were to ask an average Greek citizen about Bitcoin, chances are they’d look confused. The fact is that Greece is well behind in technological enhancement, and according to the European Commission, it’s ranked third from the bottom of the list. To sum up, Greece isn’t really known as a world-renowned Bitcoin capital. What it is known for is suffering a horrific Government debt crisis that almost took down the whole country. It is precisely for this reason that an increasing number of Greek citizens are looking for a safer alternative to keep their wealth intact, and it seems that more individuals are starting to recognize Bitcoin as a valuable asset. As far as regulation goes, there is no regulatory system of cryptocurrencies. The Bank of Greece did, however, issue announcements of its adopting European supervisory authorities’ views, advising consumers to be cautious in dealing and trading with cryptocurrencies.
As of 20/03/2021
Exchanges Info
These exchanges all accept customers from Greece. While they broadly offer the same services and you can buy cryptocurrency at all of them, there can be differences in transaction fees, security, verification requirements, deposit methods and features, as shown below
Binance
Binance is one of the largest crypto exchanges with low fees, 100s of coins, and high trading leverage. It is one of the easiest & cheapest exchanges for crypto trading.
Hundreds of coins and pairs
- Very low fees
- High liquidity
No US residents
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Bybit
Based in Singapore and registered in the British Virgin Islands, Bybit is a P2P cryptocurrency exchange offering perpetual futures products with 100:1 leverage. Bybit can process 100k transaction per second which is a great feature for leveraged trading.
- Advanced and secure technology
- Anonymous accounts
- Attractive trading bonuses
- Very low fees
- Limited asset coverage
- No option instruments
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Kraken
Kraken has a good reputation for security and protection of your funds and operates across the USA (except NY), Canada, the EU and Japan
- It can be used to trade against fiat options
- Robust security measures
- Free SEPA deposits in Europe
- Not a very beginner-friendly interface.
- No card deposit options
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Uphold Disclaimer: Asset availability on the Uphold platform is subject to region. All investments and trading are risky, and may result in the loss of capital. Cryptoassets are largely unregulated and are not subject to protection
Uphold
Based in Charleston, South Carolina. Serves over 184 countries and has done over $4 billion in transactions. Offers convenient options to swap between crypto, fiat, equities, and precious metals.
- Open to US residents
- Integrated with Brave Browser
- Over 50 different coins
- Also offers precious metals and equities
- Convenient and cheap deposit/withdrawal methods
- High trading fees
- Smaller coin selection compared to some
- No Paypal withdrawal option
- No instant debit card withdrawals
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