July 23 2020 | AtoZ Markets – So you’re interested in buying Bitcoin eh! Well, you came to the right place.
Here in 2020, buying Bitcoin in Italy has never been easier. There is a wide range of cryptocurrency exchanges on the market, which doesn’t make the decision easier. If you want to buy and sell Bitcoin you need an exchange with low fees, good liquidity, and the best platform! Why should it be difficult?
We help you compare exchanges and choose the best cryptocurrency exchange platform. It only takes a minute to open an account. Learn everything about Bitcoin exchanges in Italy and get started quickly. This is a complete guide that helps you from start to finish! In the beginner’s guide, we talk about exchange fees, the importance of trading volume, security, and much more.
How to Choose the Best Bitcoin Exchanges in Italy?
It’s not always easy to choose between the best Bitcoin exchanges in Italy. There are hundreds of cryptocurrencies and even more exchanges to choose from.
The crypto market is constantly evolving, and you need to stay up to date. You will find the most important information together with our exchange grade in the comparison table above. This makes it easy to choose the best site to buy Bitcoins.
Want to trade Bitcoin? Start with a free account from an AtoZ approved broker:
However, there are more things that are good to check and compare. To choose the best exchange, look at the following:
#Satisfaction
The best way to choose a Bitcoin Exchange in Italy is to test and compare different platforms. But the quickest and easiest way is to listen to what their customers say. Are their customers satisfied? To help you answer that question, all exchanges on this page have a rating (with numbers 1-100 and stars 1-5).
#Fees and Costs
An important factor when you buy and sell Bitcoin is the fee. However, all exchanges use different types of fees and costs. This includes buying- and selling fees (either a percentage or fixed price), order fee (market orders are more expensive than limit orders), transaction fees, and more. In most cases in the comparison table above, we display their fees and costs with “Low”, “Medium”, “High”, or “Varies.” We don’t want to make it harder than it needs to be for you.
#Exchange Platform
There are, as mentioned, many Bitcoin / Cryptocurrency exchanges. Everyone has their own platform with varying user experiences and different tools. Which Bitcoin/cryptocurrency exchange platform is best? It depends largely on your preferences. Open an account and test!
#Customer Support
Not all cryptocurrency exchanges offer fast and reliable customer service. Is there customer support 24/7? Do they offer phone support, chat support, or both? NOTE! Many users have previously experienced problems with the support response time at cryptocurrency exchanges. It’s difficult to handle customer support when the number of new users grows fast. For this reason, we advise against using smaller exchanges on the crypto market.
#Exchange Volume
It’s important with high trading volume on exchanges to reduce the spread (the difference between buying- and selling price). If the exchange doesn’t have enough trading volume, this becomes a hidden fee. However, as long as you choose a big Bitcoin exchange, you don’t have to worry about this. Continue to read this guide and learn more about exchange volume.
#Security
The crypto market is not as regulated like the stock market. This means that you have more responsibility for security. A cryptocurrency exchange is used to buy and sell cryptocurrencies. NOT to store your Bitcoin/cryptocurrency. IMPORTANT! Buy a secure Bitcoin Wallet to protect your cryptocurrency.
Top five Bitcoin Exchanges in Italy
Is it the first time you buy Bitcoin? You have come to the right place! We'll help you navigate the crypto market and highlight the pros and cons of the top 5 best exchanges in Italy.
1# Coinbase
Based out of San Francisco, California, Coinbase is considered by many Italians to be the most reputable beginner-friendly exchange. Since 2012, they’ve made it simple for any crypto newbie to buy and sell Bitcoin through their gorgeous user interface. Just create an account, link your preferred payment method, and start purchasing BTC. Interestingly, Coinbase accepts deposits in euro.
For AML reasons, Coinbase, like most exchanges, requires users to submit a picture of their ID and other information for verification purposes.
When it comes to fees, this will depend on the payment method used. Bank purchases charge 1.49% and on credit and debit purchases expect 3.99%. Purchase limits depend on your accounts verification level, with the highest tier of verification allowing $50,000 to be purchased daily.
| Pros | Cons |
| Established reputation | Support takes time to respond |
| User-friendly interface | Slow bank transfers |
| High liquidity |
|
| Strong security |
2# Bitpanda
Bitpanda, called by some the Coinbase of Europe, was established in 2014 in Vienna, Austria with the purpose of providing a cryptocurrency trading platform. The exchange sells Bitcoin, Ethereum, and more for Euros, US Dollars, British Pounds, and Swiss Francs.
Similar to Coinbase, Bitpanda has a very simple user interface, making it easy for beginners to successfully purchase in cryptocurrency.
The exchange has several payment methods such as bank transfers, credit cards, debit cards, Skrill, Neteller, and more. Depending on which method is used, there may be differing deposit fees.
When it comes time to transact on the exchange, Bitpanda charges 1.49% for buys, and 1.29% on sells making them an extremely competitive option.
|
Pros |
Cons |
| Very high liquidity | Verification required for withdrawals |
| Easy to use interface | A small variety of tradeable cryptocurrency assets |
| Lots of payment and withdrawal methods | No advanced trading platform |
| Fiat currency deposits and withdrawals | Relatively high fees compared to some other exchanges |
3# Kriptomat
Does Kriptomat work in Italy? Yes! Established on July 15 2018 by Srdjan Mahmutovich, Kriptomat is one of the EU-regulated Bitcoin exchanges that accept customers from 82 countries around the world including Italy. The Estonia-based crypto exchange boasts benefits such as quick and easy trading, rewards programs, savings accounts, and many others. As per our research team, Kriptomat is the best option for European clients.
Notably, the Kriptomat platform enables users who reside in Europe the ability to buy Bitcoin and other 33+ cryptocurrencies using multiple payment methods:
- SEPA bank transfer:
- Credit card
- Neteller
- Zimpler
- Skrill
- Sofort
Nonetheless, using Kriptomat is as easy as four steps:
- Signing up at Kriptomat
- Verifying your identity
- Fund your Kriptomat account
- Buying BTC, BCH or ETH with your funds
| Pros | Cons |
| User-friendly interface | Lacks more advanced features |
| Low trading fees | Not available in the US |
|
Multiple payment methods
|
|
| Robust security |
4# Kraken
Kraken is another popular exchange where you can buy Bitcoin in Italy. Headquartered in San Francisco, U.S, Kraken was established in 2011 by Jesse Powell. Regarding currencies, Kraken offers dozens of cryptocurrencies and fiat currencies such as USD, GBP, and EUR.
Kraken fees are some of the lowest on the market. The exchange charges 0%-.26% depending on the type of order and your trading volume. When it comes to funding options, Kraken offers deposits in USD, EUR, GBP, CAD, and JPY.
| Pros | Cons |
| Respectable reputation | Few payment methods |
| Global support | Sophisticated UI |
| Reliable customer support | |
| Affordable fees |
5# CEX.IO
CEX.IO is a multifunctional cryptocurrency exchange that is trusted by millions of customers worldwide and allows Italian users to buy Bitcoin with a credit card or debit card seamlessly.
CEX.IO boasts multiple payment options (SWIFT, SEPA, ACH, Faster Payments), 24/7 customer support, and proven platform stability. CEX.IO accepts deposits in USD, EUR, GBP, and RUB.
| Pros | Cons |
| Established and trustworthy | Verification procedure requires private information |
| Supported worldwide | Lengthy verification time |
| Low trading fees | |
| Clean user interface |
Bitcoin ATMs In Italy
Finding a Bitcoin ATM is a great way to buy BTC instantly in Italy if you have cash on hand. As of March 26th, 2020, there are a total of 59 Bitcoin ATMs in Italy to buy bitcoin in person.
The great majority of them are located in the cities of Rome, Milan, Bologna, Brescia, Torino, Florence, Alba, Bolzano, Cagliari, Genova, Naples, Padua, Palermo, Parma, Pescara, Pordenone, Rovereto, Udine, and Villesse.
You can use Coin ATM Radar to search for the Bitcoin ATM closer to you.
| Pros | Cons |
| Easily accessible | Distance to travel |
| Convenient | Higher fees than most exchanges |
| Physical kiosk with receipt | |
| customer service |
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Conclusion: What Is The Best Exchange to Buy Bitcoin In Italy?
With over 30 million customers, Coinbase is the easiest and most preferred method for buying Bitcoin in Italy. The verification process on Coinbase is simple, secure, and streamlined. If you need Bitcoins fast, Italian customers are able to make instant purchases with a debit card or credit card which incur fees of 3.99%, or instant purchases with bank deposits which incur fees of only 1.49%.
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