There are several options for you to choose from when it comes to the exchange of cryptocurrencies in the euro area. You can opt to use one of the more popular exchanges like Bybit, Bitvavo, or Bitstamp. If you prefer to use a platform that allows you to trade in your own currency, you can also try out services like BitGo.
Cryptocurrency exchange Bitstamp
Bitstamp is a popular European cryptocurrency exchange. It was founded in 2011. Since then, it has gained a good reputation for reliability and security. The exchange offers a variety of cryptocurrencies, including litecoin, ether, and bitcoin.
Bitstamp allows you to buy and sell cryptocurrencies using your credit or debit card. However, you need to verify your account before you can make any purchases. You will need to provide your name, address, and email address. After that, you can make a deposit.
You can choose to use your credit or debit card or you can go through an ACH transfer. This method is slightly more expensive than SEPA transfers.
When you first open an account with Bitstamp, you will be required to provide certain personal information. For example, you will need to verify your identity by providing a government issued ID. Also, you will need to verify your phone number.
Cryptocurrency exchange Bybit Europe
Bybit Europe https://www.bybit.com/en-US/ is a crypto exchange. While not directly regulated by the EU, the company has recently opened an office in Dublin and plans to offer its services in the region once the UK leaves the European Union. The company currently serves customers in 167 countries, with 250,000 users.
Its website features seven open positions in Dublin. One of the biggest perks of the service is the ease with which you can buy and sell crypto assets. You can also use the site to find out more about the many types of coins and tokens on offer.
One of the largest trading volumes is in the euro market. The site has a slew of features, including a mobile app for iOS, a robust API and a comprehensive set of crypto-related news.
Cryptocurrency exchange Bitvavo
Bitvavo is a European digital asset exchange that allows customers to buy, sell, and store cryptocurrencies. The exchange has a simple yet secure platform. It offers advanced trading features and low fees. However, it does not support users outside the EU.
Traders can access the platform from the web or mobile app. They can filter by status, asset, transaction type, and currency. A user can also view their balance, trading history, and trading fees.
Upon registration, the user must provide their name, email, and country of residence. Their identity will be verified through a Know Your Customer (KYC) process. This ensures that the user is a legitimate customer.
After being registered, the user will be allowed to deposit and withdraw cryptos. To do this, the user will need to have a supported cryptocurrency in a Bitvavo wallet.
BitGo insurance coverage
Aside from the wallet and the sexiest cat, BitGo is one of the few digital asset custodians to offer a complete suite of solutions ranging from multi-signature wallets to a suite of lending and borrowing options. To make sure BitGo is a step ahead of the competition, the company has partnered with a leading insurer. The most intriguing part of the partnership is the creation of an innovative insurance program known as TSS, which is a fusion of the best bits from both firms. With its plethora of offerings, it is no wonder that BitGo is now a major player in the digital asset space.
To keep up with the fast-paced digital asset ecosystem, BitGo has developed a suite of solutions to manage every facet of the digital asset lifecycle, spanning the entire gamut from multi-signature wallets to lending and borrowing options. To top it all off, the company is partnering with an insurance broker to help its clients purchase the right policy at the right time.
Regulations for cryptocurrency exchanges
As a new and growing industry, the regulations for cryptocurrency exchanges are still being developed. They vary from jurisdiction to jurisdiction. In some countries, crypto is illegal, while others have strict rules.
In Japan, the Cryptocurrency Exchange Association has formed to self-regulate platforms. However, the regulator is concerned that cryptocurrencies might be used to circumvent sanctions. Therefore, it plans to strengthen its regulations on the industry.
Australia has also been a pioneer in this area, introducing legal framework for exchanges. The government of Taiwan has taken a more measured approach, attempting to provide a regulatory environment for crypto companies.
Similarly, the Hong Kong Securities and Futures Commission is taking a close look at the crypto industry. It will begin public consultations soon and develop local regulations for crypto exchanges.