6 Best Crypto Exchanges In Belgium (May 2022)

March 14, 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 the best crypto exchanges available for Belgians

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. 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.

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. 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.

5. Coinmama

Coinmama is a great option for new investors looking for an easy-to-use, intuitive platform. Despite having somewhat high fees, starting at 2.93%, with their loyalty program, you can get up to 25% off on all fees.

Coinmama supports 10 of the biggest cryptocurrencies, including Bitcoin, Bitcoin Cash, Cardano, Chainlink, Dogecoin,  Ethereum and Litecoin. With Coinmama you can withdraw and deposit crypto at no cost, and you can reach customer support by email, phone, chat and social media.

Coinmama offers many payment options and has partnered with many large companies, you can buy crypto with fiat money using Visa, Mastercard, Apple Pay, and many others. Its interface is ideal for new traders looking for a user-friendly platform.

Features

  • No-fee crypto withdrawal and deposit
  • Buy crypto with fiat money 
  • Payment options, Visa, Mastercard, Apple Pay, Fedwire SEPA, Sofot and SWIFT
  • Loyalty program for up to 25% rebate on all fees
  • Buy crypto you buy it directly from Coinmama 
  • Supports 10 cryptocurrencies
  • Secure platform, employs 2FA
  • User-friendly for both beginners and advanced traders
  • Instant account verification

Cost

  • Account Opening: Free
  • Trading Fees: From 2.93% to 3.90%
  • Credit & Debit Card: 5.0%
  • Apple Pay: 5.0%
  • SWIFT Transfers (US Banks): Free for transfers over $1,000 (£20 flat fee if < $1,000)
  • SEPA Bank Transfer: 0%
  • Bank Wire Deposit: 0%
  • Bank Wire Withdrawal:0%

Signup Bonus

15% off trading fees when you sign up using this link.

Best For

New investors looking for easy-to-use crypto exchange, instant account verification, and plenty of payment options.

6. CEX.io

CEX.io is a cryptocurrency exchange based in the United Kingdom that was founded in 2013 and has worldwide availability. Traders and investors may use it to buy, sell, borrow, and earn various cryptocurrencies.

There are a lot of tradable assets and sophisticated trading tools available, which will appeal to seasoned cryptocurrency traders. Beginners, on the other hand, may get lost in the plethora of advanced features offered by the platform.

Features

  • Plenty of cryptocurrencies supported (100+)
  • Allows you to do marging trading
  • Allows you to stake cryptocurrencies and earn rewards for doing so
  • Institutional services for businesses and advanced traders
  • 24/7 customer support
  • Mobile access

Cost

  • Maker fee: Between 0.10% and 0.25%
  • Taker fee: Between 0% and 0.16%
  • Deposit fees: 2.99%

Best For

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

Best Crypto Exchanges In Belgium FAQs

Can I Buy Cryptocurrency In Belgium?

Yes, you can buy cryptocurrency in Belgium if you use a cryptocurrency exchange. In particular, we recommend that you use exchanges like Coinbase or 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 Belgium?

Yes. The EU Court of Justice ruled in 2015 that cryptocurrencies are an acceptable, contractual means of payment. As long as they have been accepted by all parties it constitutes a financial transaction. In Belgium, the VAT Administration agreed with the Court of justice.

Is Crypto Trading Taxable In Belgium?

Yes. Corporate, companies and institutional investors that generate an income from trading cryptocurrencies will be taxable under the standard corporate income tax laws, for 25%.

For individuals, there are three cases: 

  • The reasonably prudent and diligent investor: If the cryptocurrency transactions are not carried with speculative insight or intent, it falls within the management of private assets and will not be taxed, 0%. It usually requires a long-term strategy to justify it.
  • The speculative investor: If the cryptocurrency trade seeks to capitalize on the volatile nature of the market within a short frame (like day trading), with no long-term strategy, the capital gains will be taxed under miscellaneous income, usually around 33%.
  • The professional investor: If the individual professionally trades cryptocurrencies, the trades will be taxed under professional income and can be taxed for up to 25%-50%.

What Is The Best Bitcoin Trading Platform In Belgium?

The best exchange to buy Bitcoin in Belgium is CoinSmart, which offers bank-level protection and incredibly low fees. CoinSmart also supports 13 cryptocurrencies, processes deposits and withdrawals quickly, and validates accounts in 2 minutes or less.

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

What Is The Best Crypto Exchange In Belgium?

The best cryptocurrency exchange in Belgium is CoinSmart, followed by Coinbase 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 for Belgians

CoinSmart is the favorite among Belgian crypto investors looking for the lowest fees (0.20%), bank-level security using cold storage technology, and a user-friendly platform. With CoinSmart you can trade 13 different cryptocurrencies and trade altcoins directly.

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

Trading fees: 0.4%
Security: 95% cold storage
Signup bonus: $10

Trade with 10x leverage.

★★★★

Rated 4.2/5