Top Crypto Exchanges in Austria

Crypto.com is a secure crypto exchange, particularly favoured by Austrian traders for its digital asset savings accounts. It has a wide range of 250+ cryptocurrencies, catering to a diverse range of investment preferences. It also offers interest-earning options, with impressive yields of up to 14.5% APY. The Crypto.com visa card can be used by Austrian traders for cashback rewards on purchases.

Crypto.com offers Visa card holders access to an exclusive NFT marketplace. Furthermore, the platform offers easy tax reporting functionalities.

Bitstamp is a reliable crypto exchange platform. It is widely popular for its advanced trading tools that meet the needs of Austrian traders. It also offers an extensive TradeView platform with real-time market insights, diverse order types, and a wide array of analytical tools. 

Bitstamp supports 70+ assets. The platform has recently introduced Bitstamp Earn for staking rewards. It also enables a dynamic trading experience for Austrian users. The platform has comparatively competitive trading fees.

Binance is a leading cryptocurrency exchange platform that offers Austrian traders access to 600+ cryptocurrencies. It also has comparitively competitive trading fees and is primarily known for its low-cost trading model. It is recommended for the ease of buying and selling digital assets. 

The platform provides the users attractive rewards including discounts on trading fees for using $BNB and cashback rewards on the Visa card. It also features a user-friendly mobile app. This makes it convenient for Austrian traders to engage in crypto trading on the go.

LocalBitcoins is a peer-to-peer Bitcoin exchange platform. It provides a unique approach to buying and selling Bitcoin directly from other users. The platform supports over 60 payment methods, offering flexibility and convenience to Austrian traders. 

LocalBitcoins also has a beginner-friendly interface and transparent transaction process. This makes it an accessible option for the beginners. However, the platform is only limited to Bitcoin transactions, and can’t fit in for someone desiring diverse investment portfolios.

Uphold was established in 2015. It is a reputable crypto exchange that offers Austrian traders a multi-functional trading platform. It also provides a unique “Anything-to-Anything” trading service that allows users to easily trade between different asset classes with fixed payments. 

The platform has a beginner-friendly interface and low fees. It also provides Austrian traders with an easily accessible platform for cryptocurrency trading.

Coinbase is a leading cryptocurrency exchange with a large user base. It has a user-friendly platform and offers traders a secure and reliable option for buying, selling, and storing digital assets. However, Coinbase often charges relatively high fees compared to other exchanges.

KuCoin was founded in 2017. It is a prominent crypto exchange that offers Austrian traders access to 600+ cryptocurrencies. It also offers a user-friendly trading platform and low fees, making it a convenient and cost-effective option for cryptocurrency trading.

Crypto exchanges are legal to operate within the bounds of regulations in Austria. There is no singular regulatory authority over them, but the platforms are expected to follow anti-money laundering (AML) regulations, report obligations, and require customer due diligence and Know Your Customer (KYC) protocols as enforced by the Financial Market Authority (FMA).

Cryptocurrency taxation in Austria underwent significant reforms in March 2022, introducing the following key points:

• All cryptocurrency trades are taxed at a flat rate of 27.5%
• Long-term gains from cryptocurrency investments are taxable, except for holdings acquired before February 28, 2021 (legacy holdings)
• Crypto-to-crypto trades are exempt from taxation under the latest reform
• Traders must use the fair market value in euros at the time of acquisition for mined cryptocurrencies
• Deducting the cost basis from the fair market value in euros is necessary for traders who utilize tokens rather than selling them based on the transaction date.