7 Best Crypto Exchanges in Luxembourg

Luxembourg is one of the famous centers of commerce in Europe. Trading digital coins in Luxembourg with any digital coin exchange mentioned here is safe and secure. Let’s look at the seven best crypto exchanges in Luxembourg.

eToro

eToro is a trading platform where Luxembourgers can buy cryptocurrencies, ETFs, stocks, currencies, and commodities. It is an innovative and versatile trading platform. Traders can use a feature known as copy trading on eToro for viewing, following, and copying the network’s top traders automatically. David Ring, Yoni Assia, and Ronen Assia created this exchange in 2007. eToro has many payment methods: PayPal, Bank Transfer, China Union Pay, Neteller, Debit Card, Credit Card, Wire Transfer, and Giropay. It supports fiat currencies like AUD, CAD, EUR, USD, RUB, GBP, and JPY. This crypto exchange is not secure and regulated. It supports many cryptocurrencies like Bitcoin, Ethereum, and others.

Pros

  • It has an easy trading interface
  • Multiple digital coins are available
  • Provides copy trading feature
  • Excellent reputation 
  • Low transaction fees
  • Good customer support

Cons

  • Cannot deposit cryptocurrency
  • Bitcoin can be withdrawn only as a fiat currency

Bitstamp

Nejc Kodrič and Damijan Merlak built Bitstamp in 2013. Since then, it has become a popular crypto exchange for traders in Luxembourg and the world at large. Bitstamp is an exchange that is designed for newbies and professional investors. It has a user-friendly interface and supports traders with its advanced trading platform and features. Bitstamp is a secured exchange where investors’ assets are safe from hacks. It saves traders’ digital coins with cold storage, two-factor authentication, SMS alert, and PGP for encrypting every uploaded file. Some of the payment methods available on Bitstamp include SEPA, bank transfer, wire transfer, credit card, and cryptocurrency debit card. 

Pros

  • It features advanced trading tools
  • Multiple payment methods
  • Highly secured 
  • User-friendly environment

Cons

Coinmama

Coinmama is a trading platform that allows selling digital coins instantly with a bank transfer and a credit card. It Is a popular crypto exchange in Luxembourg. Coinmama accepts fiat currencies such as USD, AUD, EUR, JPY, and CAD. It was established in 2013 by Laurence Newman, Ilan Schuster, and Gruber Nimrod to allow people living in Luxembourg to buy, trade, and sell coins quickly. 

Pros

  • Transactions are fast and secured 
  • Great customer support team
  • Reliable and trustworthy 
  • It is globally available 

Cons

  • Processing time is slow
  • Transaction fees are high, especially when using credit cards and debit cards

Safello

Safello is a regulated crypto exchange that is available in Luxembourg and over 30 European countries. It lets you buy and sell bitcoin for different fiat currencies such as EUR, CHF, SEK, GBP, and CZK. Joakim Johansson and Frank Schuil established this crypto exchange in 2014. Safello supports numerous payment methods such as bank transfer, SEPA, debit card, credit card, and Bankgirot iDEAL.

Pros

  • It is regulated
  • Has many payment methods
  • Fast processing time in bitcoin transaction
  • It supports fiat currency deposit
  • High liquidity

Cons

  • Bank transfer takes time
  • No leverage trading

Binance

Binance is the largest digital coin exchange in the world and is easily accessible to people living in Luxembourg. Binance has more than 150 digital coins available for Luxembourgers to buy, sell, and trade. This trading platform is designed mainly for experienced traders. It offers its customers advanced trade features and tools. Traders and investors in Luxembourg can make deposits on Binance with different fiat currencies such as AUD, EUR, RUB, USD, KRW, and JPY. Yi He and Changpeng Zhao founded this trading platform in 2017. 

Pros

  • It has advanced trading features and tools
  • High volume exchange
  • Low transaction fees
  • Lots of digital coins
  • Supports fiat currency deposit
  • Reliable and reputable 

Cons

  • Few payment methods
  • No phone customer support

CEX.IO

Lots of traders and investors in Luxembourg trust the CEX.IO trading exchange for many reasons. It is a multifunctional digital coin exchange where you can buy bitcoin in Luxembourg with your debit card and credit card. It supports different payment methods such as SWIFT, ACH, and SEPA. It is a stable exchange platform with 24/7 customer support. CEX.IO was created by Victoria Polyakova, Oleksandr Lutsskevych, Peter Ivanov, and Dmytro Kalynovskyi in 2013. It accepts deposits in fiat currencies like RUB, USD, EUR, and GBP.

Pros

  • Low transaction fees
  • Clean and user-friendly interface
  • Widely supported
  • Established and trustworthy
  • Multiple payment options
  • Simple credit card purchases

Cons

  • Private information is required for verification
  • Limited coin options

Wirex

Wirex is a debit card that automatically converts multiple digital coins and fiat currencies at the point of sale. It allows traders and investors in Luxembourg to spend money from their Wirex accounts to buy digital coins. Traders and investors can exchange currencies online or in-app when they deposit money in their Wirex account instantly. It accepts deposits in EUR, GBP, SGD, USD, HKD, and others. Pavel Matveev and Dmitry Lazarichev created the platform in 2014.

Pros

  • Multiple payment methods
  • Bitcoin at the market rate

Cons

  • The early lag time
  • Not available in all countries

Final Words

If you are residing in Luxembourg and looking for crypto exchanges to buy, sell, and trade digital coins, the above discussed seven best crypto exchanges in Luxembourg may be helpful. They are not only used by traders in Luxembourg but in most countries. Choose one and start trading cryptocurrencies of your choice after going through their features, advantages, and disadvantages. 

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