8 Best Crypto Exchanges In Austria (May 2022)

March 21, 2022
Blog

As a long-time crypto aficionado, I constantly keep up with the latest and greatest crypto exchanges coming out every day, always looking for the lowest fees and best features. I’m confident these recommendations are currently the best exchanges available in Austria.

CoinSmart is the favorite among crypto investors looking for the lowest fees, bank-level security using cold storage technology, and a user-friendly platform. With CoinSmart you can trade 16 different cryptocurrencies and altcoins directly.

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Offer ends May 19.

1. CoinSmart 

CoinSmart: best crypto exchange Canada

CoinSmart is, without a doubt, the best crypto exchange in Europe in 2022. If you haven’t heard of them, that’s because they’ve been pouring money into improving their trading experience, not marketing. Still, if you ask any experienced crypto trader, they’ll tell you the same thing: CoinSmart is the best in the business.

CoinSmart’s trading fees are an incredibly low 0.20%. They offer excellent customer support via phone, live chat and email, and user accounts are verified instantly.

As a Canadian exchange, CoinSmart is regulated by several Canadian financial authorities, which keeps your money safe and secure. CoinSmart is also a publicly-traded company on Toronto’s NEO stock exchange, which means they’re subject to third-party financial and security audits at least once per year.

Most exchanges require users to trade every altcoin first with a stablecoin (eg. Chainklink with Bitcoin, and then Bitcoin with Shiba Inu), but CoinSmart allows users to trade altcoins directly (eg. Chainlink with Shiba Inu), minimizing fees and boosting their profits. And you’re buying real crypto with CoinSmart, which means you can move it on and off the exchange whenever you want.

I’ve personally used CoinSmart for more than a year now and have had nothing but excellent experiences with them. I’ve tried out many of the other cryptocurrency exchanges on this list, so I’m confident that CoinSmart is the best place to buy crypto in most European countries.

Features

  • Extremely low trading fees (just 0.20% per trade)
  • 24/7 customer support available via phone, live chat or email
  • Instant account verification
  • Supports 16 cryptocurrencies
  • Trade all altcoins directly
  • Immediate deposits and withdrawals
  • User-friendly for both beginners and advanced traders
  • 95% cold storage policy keeps your crypto extra secure

Cost

  • Trading Fees: 0.20%

Signup Bonus

$20 bonus when you sign up using this link

Best For

Investors looking to trade stablecoins or altcoins with the industry’s lowest fees.

CLAIM MY $50 BONUS
Offer ends May 19.

2. Bitpanda

BitPanda is an Austrian cryptocurrency exchange that was established in 2014 and has since become one of the most popular cryptocurrency exchanges in Europe for buying and selling digital currencies.

The exchange is a popular choice among many individuals since it features a user-friendly and easy-to-use design for purchasing, selling, and trading cryptocurrencies. The exchange also has a variety of payment choices that may be used by novice cryptocurrency users to acquire Bitcoin (BTC)Ethereum (ETH), and many other crypto coins.

Features

  • Easy-to-use and intuitive platform
  • Wide array of crypto assets supported (+25)
  • Wide array of payment and withdrawal methods
  • Fast customer support available 24/7

Cost

  • Trading fees: 5% per trade

Best For

Investors new to the world of cryptocurrency trading looking for an easy-to-understand crypto exchange.

3. Kraken

Kraken is a cryptocurrency exchange and bank originally founded in 2011. It’s located in the United States (specifically San Francisco), and it enables you to trade fiat currencies like TRY or USD for cryptocurrencies and vice-versa. It also allows you to trade one type of cryptocurrency for another.

The exchange provides price data for digital assets to the Bloomberg Terminal, and as of December 2021, Kraken is accessible in 48 US states and 176 different countries, making it one of the more global exchanges around today.

Features

  • Very wide range of supported crypto (90+)
  • Simple and intuitive user interface
  • Kraken Crypto Watch feature that allows you to keep track of the crypto market
  • A plethora of information and educational resources on crypto for its users
  • 24/7 customer support through a variety of methods

Cost

  • Trading fees: Between 0% and 0.26% per trade
  • Crypto credit card purchases: 3.75% + €0.25
  • ACH crypto purchases: 1.5%

Best For

Cryptocurrency investors looking for an exchange with a wide array of supported altcoins and stablecoins.

4. Coinbase

Coinbase is an American cryptocurrency exchange that was originally founded in 2012. It’s based in San Francisco and it’s one of the oldest cryptocurrency exchanges in the world. It’s also the second-largest crypto exchange in the world, the first being Binance.

Coinbase was designed to be one of the easiest places to buy, sell, and trade cryptocurrency, and it serves retail investors, businesses, and institutions alike. The sign-up process is quick, and after you create your account you will gain access to your personal online wallet.

Originally, Coinbase only supported Bitcoin, but it now supports over 100 of the biggest cryptocurrencies like Bitcoin, Bitcoin Cash, Cardano, Ethereum, and Litecoin. As a new user, you will receive a $10 bonus, and trading fees range from $0.99 to $2.99 for trades below $200 and from 1.49% to 3.99% for trades over $200.

Features

  • Supports 100+ cryptocurrencies
  • Coinbase Pro, access to research tools and graphs
  • Coinbase Earn, earn crypto for free by watching tutorials
  • Manage your crypto from your phone with the Coinbase Wallet app
  • Secure platform, Biometric auth, 2FA and access to Secure Enclave
  • User-friendly for both beginners and advanced traders
  • Earn rewards by staking certain coins

Cost

  • Account Opening: Free
  • Purchase Fees (Below $200): Flat fee, from $0.99 to $2.99 per transaction.
  • Purchase Fees (Over $200): 1.49% (US banks), 3.99% (Debit Card and PayPal)
  • Credit Transaction: 2% 
  • Bank Account:1.49%
  • Wire Transfers: From $10 to $25
  • ACH Transfer: Free

Signup Bonus

$10 bonus when you sign up using this link.

Best For

New investors looking for an easy-to-use platform or for veteran investors looking for advanced research tools.

5. Coinfinity

Coinfinity is an Australian crypto exchange and pioneer in the crypto world, it was the first exchange to complete a Bitcoin transfer using the Lightning Network, a layer 2 blockchain-based payments protocol that makes crypto transfers instant. 

Coinfinity was also the first exchange to deploy Bitcoin ATMs, and offer the possibility to buy or sell crypto right from the ATM. It supports fiat-to-crypto purchases and even SEPA and SOFORT transfers, and for those interested in learning more, it offers educational tools about crypto.

Features

  • Access to the Lighining Network
  • Coinfinity Card Wallet
  • Chainlockcode (CLC) technology
  • Assets are kept in cold storage
  • Supports fiat-to-crypto purchases
  • Access to a chain of Bitcoin ATMs

Cost

  • Maker’s Fees: Depends on the coin (1.5% for Bitcoin)
  • Taker’s Fees:  Depends on the coin (1.5% for Bitcoin)
  • SEPA Account Fees: Free
  • SOFORT Transfer: Free

Signup Bonus

5% off all fees when you sign up using this link.

Best For

Investors looking for access to the Lightning Network, Bitcoin ATMs and useful educational tools.

6. Bity

Founded in 2014, Bity is a Switzerland-based crypto exchange; its primary goal is to make crypto accessible to everybody, with little to no restrictions. To sign up with Bity you don’t have to complete an ID verification, just with your phone number you can start trading.

Bity is regulated by the Swiss Regulatory Authority and is in compliance with Anti-Money Laundering regulations (AML) and is regularly audited by the KPMG. Trading fees start at 3% and through the Bity Dashboard, you can keep track of your history of transactions – all in one place.

As a new Bity user, you will receive a $40 bonus upon completing your first trades. Bity currently supports fiat money-to-crypto for both BTC and ETH. Bity is a great choice if you’re looking to buy your first crypto with fiat money; you can then transfer to exchanges with more coin offerings.

Features

  • Extremely low trading fees 
  • Bity Dashboard, keep track of all your transactions in one place
  • Quick transactions, you can store your IBAN and crypto addresses
  • ID verification not required to trade
  • Create your own API tokens
  • Customer support available through chat
  • Fiat money to Crypto 
  • Crypto to Fiat money
  • AML compliant 

Cost

  • Account Opening: €10
  • Selling Fees: From 3% to 8%
  • Purchasing Fees: From 3% to 8%
  • Deposit Fees: Depends on the currency
  • Bank Wire Withdrawal: Depends on the currency

Signup Bonus

$40 bonus when you sign up using this link.

Best For

Investors looking to invest in Bitcoin (BTC) or Ether (ETH) using fiat money.

7. Bitstamp

Bitstamp is one of the largest and oldest crypto exchanges in the world; it is geared towards experienced traders and it has over 4 million active users worldwide. It offers competitively low fees ranging from 0.1% to 0.5%, and it offers many payment options; you can use credit or debit cards and SEPA transfers.

Bitstamp is partnered with large financial institutions like Swissquote, Chicago Mercantile Exchange and Crédit Agricole. Bitstamp fully insures your assets and keeps them safe offline – in cold storage. Bitstamp provides both hot and cold storage.

New Bistamp users receive a $20 bonus after funding their account, and you can immediately use it to buy any of the 53 cryptocurrencies available.

Features

  • Extremely low trading fees (0.1%-0.5%)
  • Buy crypto with fiat currency, credit cards or bank transfers
  • 24/7 customer support available via phone, live chat or email
  • Instant account verification
  • Supports 53 of the largest cryptocurrencies
  • Access to a crypto wallet
  • Hot and cold wallet storage

Cost

  • Account Opening: Free
  • Credit Card Purchases: 5%
  • Debit Card Withdrawal: Flat $10 (USD)
  • SEPA Fees: €0 for deposits, €3 for withdrawals
  • Trading Fees: From 0.5% to 0.1% (0.5% for trades below $10,000)
  • International Wire Transfer: 0.05% for deposits, 0.1% for withdrawals

Signup Bonus

$20 bonus when you sign up using this link.

Best For

Experienced investors looking for professional investing tools and data.

8. Binance

Binance is an international cryptocurrency exchange that currently serves as the world’s largest crypto trading platform by volume of daily trading. It began operations in 2017 and is now headquartered in the Cayman Islands.

Binance was founded in Hong Kong but later moved its headquarters overseas due to increased government intervention in cryptocurrencies. It has several notable characteristics, including powerful charting tools and access to the Binance Earn feature, as well as a Binance Visa Card.

Features

  • The largest array of supported cryptocurrencies (300+)
  • Wide array of supported fiat currencies (50+)
  • Binance Earn feature
  • Binance Visa Card
  • Advanced charting tools
  • Earn lower fees by using the exchange’s native currency (Binance Coin)

Cost

  • Crypto deposit fees: Free
  • Fiat deposit fees: From 0% to 3.5%
  • Crypto withdrawal fees: From 0% to 2,5%
  • Taker fees: From 0.04 to 0.1%
  • Maker fees: From 0.02 to 0.1%
  • Futures trading maker fees: 0.02%
  • Futures trading taker fees: 0.04%
  • Instant buy/sell trade fees: 0.5%
  • Debit/credit card purchases: 4.5%

Best For

International cryptocurrency investors that are interested in investing in rare or relatively unknown altcoins.

What To Look For In The Best Crypto Exchanges In Austria

There are many important factors to consider when you’re looking for the best crypto exchange to use in Austria. Some of these factors include:

Supported coins: There are tens of thousands of cryptocurrencies in existence, but cryptocurrency exchanges will only support a fraction of these coins. With that in mind, the more supported crypto coins an exchange offers, the better.

User interface: Some cryptocurrency exchanges have simpler interfaces, and others are more advanced. If you’re a beginner, it’s best to go for an exchange with a simple interface so that you don’t get overwhelmed by all the extra features.

Fees: Some exchanges have higher fees than others, and this will affect your investment returns negatively (especially if you’re going to be trading a lot of money on an exchange).

Regulation: It’s important to only use exchanges that are regulated by a financial authority. This is because it ensures that the exchange is legitimate and has measures in place to protect your funds.

Deposit & withdrawal options: Consider every payment option that the exchange provides and make sure they are appropriate to your needs. Keep in mind that there might be fees associated with all payment methods, and those can also reduce your earnings.

Account security: Ideally, you should be able to move your coins out of the exchange and into a personal crypto wallet for the greatest safety. Verify that the exchange uses cold storage to safeguard users’ assets and learn what their privacy, account security, and insurance policies are.

Advanced trading tools: Conversely, if you’re a more experienced cryptocurrency trader, consider how many advanced features you have at your disposal. Charting tools, different order types, a live order book, and other features may be necessary for seasoned crypto traders.

Customer support:  Last but not least, make sure to check out the customer support options that are available at an exchange. If you have questions or need help with something, can they get back to you quickly? Is there a live chat feature where you can ask your question immediately and receive answers in real-time?

Best Crypto Exchanges In Austria FAQs

Can I Buy Cryptocurrency In Austria?

Yes, you can buy cryptocurrency in Austria if you use a cryptocurrency exchange. In particular, we recommend that you use exchanges like CoinSmart, Bitpanda and Kraken, as these will allow you to buy many different crypto coins with relatively low fees.

Is It Legal To Buy And Trade Crypto In Austria?

Yes. Austrian law does not explicitly prohibit cryptocurrencies, however, the Austrian Financial Market (FMA) has warned potential investors of the inherent risks of trading crypto, reiterating that virtual currencies and trading platforms for such assets aren’t regulated or supervised by the FMA.

Is Crypto Mining/Trading Taxable In Austria?

Yes. Austria updated its policies:

  • Before the 1st of March 2022. If you mined coins, you have to pay Income Tax on them, at your regular tax rate bracket.
  • After the 1st of March 2022. If you mined coins after, you have to pay Income Tax at a rate of 27.5%, flat

This also applies when you sell or use mined coins.

What Is The Best Bitcoin Trading Platform In Austria?

The best exchange to buy Bitcoin in Austria is CoinSmart, which offers bank-level protection and incredibly low fees. CoinSmart also supports 16 cryptocurrencies, processes deposits and withdrawals quickly, and validates accounts in 2 minutes or less.

CoinSmart is the best cryptocurrency exchange in Austria if you want to buy Bitcoin and other cryptocurrencies.

What Is The Best Crypto Exchange In Austria?

The best cryptocurrency exchange in Austria is CoinSmart, followed by Bitpanda and Kraken. CoinSmart has a 95% cold storage policy, low trading fees, and a well-rated mobile app.

Conclusion

As a long-time crypto aficionado, I constantly keep up with the latest and greatest crypto exchanges coming out every day, always looking for the lowest fees and best features. I’m confident these recommendations are currently the best exchanges available in Australia. 

CoinSmart is the favorite among crypto investors looking for the lowest fees, bank-level security using cold storage technology, and a user-friendly platform. With CoinSmart you can trade 16 different cryptocurrencies and altcoins directly.

CLAIM MY $50 BONUS
Offer ends May 19.

Before You Go

Here’s a full updated list of the Best Crypto Exchanges by country, in America and Europe:

America:

Europe:

The Best Crypto Exchanges In Canada

Best Overall

Supports: 16 cryptocurrencies
Security: 95% cold storage
Trading fees: 0.2%

$50 bonus ends May 19.

★★★★★

Rated 4.9/5

Lowest Fees

Supports: 17 cryptocurrencies
Security: 95% cold storage
Trading fees: 0.1% - 0.2%

Free account, instant verification

★★★★★

Rated 4.8/5

Best For Altcoins

Spreads: ~0.5%
Security: 95% cold storage
Signup bonus: $30

Low spreads, great platform.

★★★★

Rated 4.5/5