Top 5 Bitcoin Exchanges in Italy 2020


Looking for the best Bitcoin exchange in Italy?  In this complete guide, we’ll discuss how to choose the right crypto exchange as well as the top 5 Bitcoin exchanges in Italy.

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.

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 experience 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 as 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 deposit 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# Binance

Binance is one of the best exchanges for experienced traders who are looking for a premier cryptocurrency marketplace to perform real-time trades. Having Changpeng Zhao as its CEO, Binance offers over 166+ cryptocurrencies to both beginners and advanced traders.

Bitcoin exchange has a myriad of tools and pairs available for Italians BTC traders if they open an account. Notably, Binance accepts deposits in over 50+ currencies including EUR.

Read more in our Binance review.

Pros Cons
Trustworthy management Few payment options
High volume exchange  
Low trading fees
Global support

 

Luno

Does Luno work in Italy? Yes! Established in the early part of 2013, Luno is one of the oldest Bitcoin exchanges in the cryptocurrency industry. The exchange was formerly called BitX until it was rebranded in early 2017 as Luno. Timothy Stranex, a former employee at Google is Luno’s founder.

Notably, the Luno platform enables users who reside in Europe the ability to buy Bitcoin using bank transfer, debit card, or credit card after depositing funds.

Nonetheless, using Luno is as easy as four steps:

  1. Signing up at Luno
  2. Verifying your identity
  3. Depositing money to your Luno account
  4. Buying BTC, BCH or ETH with your funds
Pros Cons
Advanced platform No live chat or telephone support
Low Fees Withdrawal fees
Secured Platform
Support Credit cards and fiat currencies

Kraken

Kraken is another popular exchange where you can buy Bitcoin in Italy. Based in the United States, Kraken has been around since 2011. When it comes to currencies, Kraken supports dozens of cryptocurrencies and fiat currencies such as USD, GBP, and EUR.

Fees on the exchange can range from 0%-.26% depending on the type of order and your trading volume. For funding options, Kraken offers deposits in USD (FedWire), EUR (SEPA), and CAD(Wire & EFT).

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.

Bitcoin ATMs In Rome Italy

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

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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