In this article, I will go over the 7 best crypto exchanges in Hungary. In Hungary, there are a number of exchanges that have popped up to fill this need. However, not all of them are created equal.
You need to make sure that you are using a reputable and reliable exchange if you want to avoid losing your hard-earned money to scams.
KEY TAKEAWAYS
• You will find a list of the best cryptocurrency exchange in Hungary
• Each exchange has a special recommendation for the investor the exchange is best for
• You will learn the features and costs of the listed exchanges
• You will get answers to some frequently asked questions on crypto exchanges in Hungary
7 Best Crypto Exchanges In Hungary
The crypto exchange people choose matters. People’s choices will impact how profitable their trades are, how easily they can buy and sell cryptos, and whether they can use them in Hungary. Below is a list of the best crypto exchanges you will find in Hungary
1. CMC Markets
The CMC Markets exchange is a leveraged trading platform and one of the biggest investing platforms in volume, with more than 1 million active traders across all their markets.
The exchange supports 18 crypto assets, including a mix of the biggest cryptos like Ethereum and Bitcoin and some altcoins with potential like Cardano, NEO, and TRON.
The exchange aggregates cryptocurrency prices from over 15 exchanges and data sources to offer very competitive prices. The exchange also offers another way to gain exposure to cryptocurrency: Crypto Indices.
In terms of pricing, the exchange is ahead of many exchanges – for starters, the platform doesn’t charge trading fees; people will only pay small spreads of 0.02% for purchases and 0.09% for selling.
Features
• The exchange supports over 15 cryptocurrencies
• Provides Access to diversified Crypto Baskets
• App available for Android and iOS
• Demo environment
• Data analysis and In-depth market insights for Alpha users
Cost
• Trading Fees are Free
• Spread: 0.07 percent (%)
2. Crypto.com
The Crypto.com exchange is a major global player that brings a proven exchange to experienced cryptocurrency investors. The exchange supports cryptos, making it ideal for investors looking to invest in undiscovered altcoins before the masses.
The platform offers some special features that no other crypto exchange can match. Traders can trade futures and options contracts, earn interest by staking coins, and make trades with up to 10x leverage when they feel confident in a currency.
The exchange has invested enormous amounts of money into its security, which makes trading with them safe. The platform is lightning quick, which gives day traders an upper hand over the market.
Overall, the platform is a solid exchange for investors and traders looking to cash in on brand-new altcoins.
Best For
The exchange is best for traders looking to buy altcoins and other new cryptocurrency assets before they go mainstream.
Features
• The exchange allows up to 10x leverage
• Trade cryptocurrency derivatives (futures and options contracts)
• Purchase newly-listed coins at up to 50 percent (%) off
• Free deposits from all cryptos
• Average trading fees (0.4 percent (%) )
• Supports over 100 cryptocurrencies
• Earn daily interest by staking coins
Cost
• Account Opening is Free
• Trading Fees are 0.4%
3. Bit2Me
The Bit2Me exchange is a highly regulated crypto exchange, and the exchange is part of a very select group of cryptocurrency exchanges: the exchange offers FDIC insurance for up to €250,000, through its partnership with the biggest banks in Spain, like Abanca, Caja Popular, ING Direct, and Bankinter.
The exchange supports more than 70 biggest cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, Dash, and Litecoin.
The exchange allows fiat-to-cryptocurrency purchases, so it’s ideal for new traders looking to buy their first cryptocurrency, and assets are kept offline in cold storage for security.
Features
• Bit2Me Card
• Supports over 70 cryptocurrencies
• Compliance with IBAN payment protocols
• Supports fiat-to-cryptocurrency trades
• Educational programs for new traders
• Insured and assets are stored in cold storage
• ATMs available across Europe
• API Integration and Real-Time Alerts
Cost
• Trading Fees are 0.95%
• Debit and Credit Card Deposit start From 1.99% – 4.99%
• Maker’s Fees start From 0.16% – 0.0% based on volume
• Taker’s Fees start From 0.26% – 0.1% based on volume
• Bank Wire Deposit is Free
• TIKEBIT Deposit is Free
• SEPA Account Withdrawal is Free
Best For
The exchange is best for traders looking to invest in their first cryptocurrency and looking for a secure platform.
4. Coinjar
The CoinJar exchange supports 40 of the largest cryptos and offers Access to the CoinJar Bundles, baskets of diversified cryptocurrencies that add diversity to an investor’s portfolio.
The Coinjar exchange is very unusual because it offers a card, the CoinJar Card. People can use it to withdraw money from ATMs, make purchases online, bans in-store, and earn CoinJar Points for every purchase, similar to a cashback system.
The exchange uses 2FA authentication and data encryption to protect people’s assets. New customers will receive a welcome bonus of 500 CoinJar Points, which they can use to waive the conversion fees when exchanging between cryptocurrencies.
Features
• The exchange is a very secure platform
• CoinJar Bundles, invest in a diversified basket of cryptocurrency
• CoinJar Card
• Withdraw money from ATMs
• Make purchases online and in-store
• Over-the-counter cryptocurrency trades
• Supports over 40 cryptocurrencies
Cost
• Deposit Fees are Free
• Blueshyft Cash Deposits are 1.5%
• Instant Buys (Visa/Mastercard) is 2%
• Fiat-to-Crypto Conversion Fee is 1%
• Bank Wire Withdrawal is 0.5%
Best For
The exchange is best for traders looking for a secure cryptocurrency exchange that offers a physical card that supports purchases online and has a strong reward points system.
5. CoinSmart
The CoinSmart exchange platform offers clients very low trading fees: just 0.2 percent. The exchange supports 16 cryptos, verifies accounts quickly, prides itself on its helpful customer service representative, and has a well-rated application.
As a Canadian crypto exchange, it is regulated by different Canadian financial authorities, which keeps people’s money secure and safe.
The platform is a publicly-traded exchange on Toronto’s NEO stock exchange, which means the platform is subject to 3rd-party financial and security audits at least once yearly.
Features
• low trading fees
• 24/7 customer service available via live chat, phone, or email
• Instant verification of account
• Supports 16 cryptos
• Immediate withdrawals and deposits
• User-friendly for beginners and professional traders
• 95 percent cold storage policy keeps crypto extra secure
Cost
• Account Opening is Free
• The trading fees – 0.20 percent
Best For
the exchange is best for Investors/traders looking to trade altcoins or stablecoins with the industry’s lowest fees.
6. Pepperstone
The Pepperstone crypto exchange is a CFD trading platform licensed and regulated by the ASIC (Australian Securities and Investments Commission), the FCA in the United Kingdom, and the DFSA in the United Arab Emirates.
With the platform’s direct Access to CFDs on indices and cryptos, stocks, ETFs, and forex, the exchange is an all-in-one investing platform used by cryptocurrency traders globally.
The Pepperstone exchange offers tight spreads, low trading commissions, and an extensive offering of assets to invest in. Experienced/professional investors can trade with 10x leverage available on most cryptocurrency assets.
The exchange doesn’t charge any withdrawal or deposit fees and spreads range from just 0.0 to 1.2 pips depending on the crypto asset.
The mobile app is rated 4.0/5 on iOS and 4.3/5 on Android, with customer service available 24/7 via email or telephone to answer all questions.
Features
• Offers Zero trading commissions
• Tight spreads
• 24/7 customer service via email and phone
• Up to 10x leverage on most crypto assets depending on the jurisdiction
• Gives traders Access to TradingView’s advanced charting tools
• Supports over 20 crypto CFDs
• Free withdrawals and deposits
Cost
• Spread: From 0.0 to 1.2 pips
• Trading Fees are Low
• Deposit Fees are Free
• Withdrawal Fees are Free
Best For
Experienced or professional investors looking for Access to charting tools and low fees.
7. Plus500
The Plus500 exchange is a leveraged trading platform and one of the biggest investing platforms in volume, with millions of traders worldwide. The platform supports over 20 crypto assets, including a mix of the biggest cryptos.
Plus500 Markets aggregates cryptocurrency prices from different data sources to offer very competitive prices. The platform also offers up to 2x leverage on all cryptocurrency investments.
Traders can also set up price alerts and 2 types of stop orders to mitigate the risk of losing assets.
The platform doesn’t charge trading fees; they only charge Overnight Funding, which applies when traders are holding a position after a certain time, and Currency Conversion fees if they trade in a different currency denomination of their account.
The platform users can also access most financial instruments, including stocks, shares, ETFs, CFDs, and FX. The mobile platform app is available on Android and iOS, and they have excellent reviews on Trustpilot.
Features
• Supports over 20 crypto pairs
• Offers Access to global markets for shares, CFDs, ETFs, stocks, FX, and crypto
• Demo account
• The platform Supports 2x leverage for crypto assets
Cost
• Trading Fees are Free
• Overnight Funding solely depends on the asset
• Spread depends on the asset
Read Also:
The Best Time Frame For Day Trading Crypto
Top 10 Best Crypto Trading Signals Telegram Groups in 2022
10 Best Apps for Cryptocurrency Trading and Exchange
Conclusion
Picking the best crypto exchange in Hungary is not easy; people will have to research, compare and read reviews about the exchange they want, given all the options and different features each offer.
That’s why we have decided to make the job easier for you; we took our time to list the best crypto exchange for you based on years of research, personal experience, and customer reviews.
FAQS
Is cryptocurrency legal in Hungary?
Hungary has not yet considered crypto an official form of legal tender because the currency is not issued by a central authority and does not have a confirmed exchange rate by the Hungarian National Bank.
What cryptocurrency apps are used in Hungary?
The CoinSmart app makes buying, selling, and holding crypto in Hungary simple and safe.
Can I use Coinbase in Hungary?
Yes, The Coinbase app is allowed in Hungary.
Which exchange is best for crypto trading?
CoinSmart and Pepperstone are some of the biggest exchanges that serve Hungary, but they require identity verification.
Is crypto taxable in Hungary?
The income from the cryptocurrency assets is subject only to personal income tax.
Which Bitcoin wallet works in Hungary?
There aren’t any Bitcoin exchanges based in Hungary, but the citizens have popular exchanges.
Is there Bitcoin ATM in Hungary?
Hungary offers different ATMs for its citizens to buy Bitcoins (BTC) with Cash.
Is cryptocurrency taxed in Hungary?
The income from the cryptocurrency assets is subject only to personal income tax.
You can learn more from the video below:
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