Cryptocurrencies have become popular in different countries across the world in the past few years. Liechtenstein too has not been untouched by this phenomenon and has decided to embrace blockchain technology and cryptocurrency.
This small country has become a crypto haven in Europe due to its stable and advanced legal framework to regulate crypto assets. Crypto trading is, thus, legal in Liechtenstein and a number of Bitcoin exchanges operate here. To help you learn more about this, we have compiled this list of the best crypto exchanges in Liechtenstein.
Top 7 Cryptocurrency Exchanges in Liechtenstein
Coinbase
Coinbase is quite an old exchange, atleast by the crypto industry standards. It is a very straightforward platform with a simple, no-nonsense design that helps beginner traders feel at ease with crypto trading. It is a public company in America as well and maintains accountability standards far higher than the average crypto exchange.
Coinbase has a solid and reliable mobile app that is perfect for trading from anywhere via your mobile phone. While Coinbase is a very pro-beginners exchange, it also has functionalities suitable for more advanced traders. Coinbase Pro gives professional traders access to several sophisticated market tracking and analysis tools.
Coinbase is a secure platform and has never faced a platform-wide large attack in its history. It automatically enrolls users for 2FA when they register and encourages them to pick unique and strong passwords for their accounts.
Features
✔️Second-largest cryptocurrency exchange in the world
✔️Over 250 tradeable assets available
✔️Publicly traded company on NASDAQ
✔️Basic and Pro platforms for users
✔️2FA, unique passwords and cold wallets for security
Pros and Cons
✅Decent crypto selection ❌Fees are high
✅Beginner-friendly platform ❌Customer service is bad
✅Fantastic mobile app
✅Native wallet for storing crypto
Trading Fees
Coinbase cryptocurrency exchange trading fees
Customer Reviews
The trading process on Coinbase is flawless
Coinbase’s verification process can be lengthy and frustrating
Why We Picked It
Coinbase is an excellent choice for traders still getting used to crypto trading due to its simple and straightforward interface. It caters to the more advanced trader demographic via its Pro version. Coinbase is the first crypto company to be listed on NASDAQ and therefore, its auditing and accountability standards are much higher than other cryptocurrency exchanges.
Kraken
San Francisco-based Kraken is one of the oldest cryptocurrency exchanges. It is a widely available exchange with over 200 cryptocurrencies in its kitty. Kraken also supports a number of fiat currencies and advanced features like stop orders and crypto short sales are also available here.
It is an exchange with high liquidity and low spreads so trades can be settled easily. The “Learn” section is very comprehensive and will help you in learning about the world of cryptocurrency in an easy and fun manner.
Kraken employs 2FA and SSL encryption for account and website security. For the same reason, account recovery via phone number or SMS is not supported.
Features
✔️Supports spot trading, futures trading and pegged tokens
✔️Kraken Pro available for advanced trading
✔️2FA, SSL encryption and cold wallets for security
✔️Accepts multiple fiat currencies
Pros and Cons
✅High liquidity ❌Higher fees on the Basic version
✅Impressive Learn section ❌Previous hacking incidents
✅Proof of Reserves available
✅Good staking options
Trading Fees
While there are no fees specified on Kraken Instant Buy as there is dynamic pricing, Kraken Pro uses the maker-taker model for the same.
Fees for Kraken Instant Buy
Fees for Kraken Pro
Customer Reviews
Kraken is great for fiat-to-crypto transactions
Accounts have been closed without information on Kraken
Why We Picked It
Kraken is an established platform with lots of interesting features to attract both novice and advanced traders. It is a regulated platform with competitive fees, advanced tools and excellent staking opportunities.
Crypto.com
Crypto.com is a very famous exchange with 80 million users known for its excellent mobile app. With this app, it seeks to popularize trading on the go anytime from your mobile phone.
With 250+ cryptocurrencies, Crypto.com has a wide variety of assets that can be bought, sold and traded. Additionally, it has 500+ pairs with up to 5x leverage available for margin trading. For derivatives trading, more than 100 perpetuals, quarterly futures and warrant contracts are there. To sweeten the deal, Crypto.com offers discounts on trading fees if you stake its native token CRO.
Crypto.com is an ISO 27001 certified exchange that also ensures that all user accounts are multi-factor authenticated and have address whitelisting on.
Features
✔️250+ cryptocurrencies available for trading
✔️Native utility coin is known as Cronos(CRO)
✔️Crypto-based loans are available
✔️Native Crypto.com wallet for storing assets
Pros and Cons
✅Great crypto collection ❌Educational material is limited
✅Fantastic asset staking options ❌Not very beginner-friendly
✅Assets kept in cold storage
✅Referral program with good rewards
Trading Fees
Crypto.com exchange trading fees
Customer Reviews
The Crypto.com app is great for crypto trading
Users have reported problems with withdrawal on Crypto.com
Why We Picked It
The crypto.com app is full of interesting features and you should definitely check it out once. You can not only stake CRO to get rewards but also use it to get discounts on trading fees. Crypto loans are available here and it also offers a prepaid Visa card with several perks and benefits.
Bybit
Bybit has managed to retain its reputation as one of the top cryptocurrency exchanges by constantly innovating and introducing lucrative offers. Though it is significantly known for derivatives trading, Bybit supports options for spot and margin trading as well.
USDC and USDT are supported as collateral for perpetual contracts. USDC is additionally used as collateral for options and inverse contracts. Apart from that, Bybit features over 280 spot pairs and also supports copy trading where you can imitate and learn from the strategies of top traders.
For experienced traders, there are advanced charting and market tracking tools available.
Features
✔️280+ pairs available for spot trading
✔️Largest USDC Options marketplace in the world
✔️Copy trading is supported
✔️Native Bybit Web3 wallet available
Pros and Cons
✅Many types of trades are supported ❌Poorly communicates risks of
✅Advanced investment tools available derivatives trading
✅Trading bots for automating trades
✅NFT collections available
Trading Fees
Bybit cryptocurrency exchange fees
Customer Reviews
Bybit is a convenient platform to trade cryptocurrency
Reports of locked accounts on Bybit
Why We Picked It
Bybit fulfills the needs of both beginner and advanced traders. It supports spot and derivatives trading and copy trading feature is also available here. At the same time, it caters to expert traders with its advanced investment tools. Further, Bybit has an NFT marketplace where you can explore interesting collections.
OKX
Seychelles-based OKX differentiates itself from other cryptocurrency exchanges by developing its own crypto ecosystem. This system is powered by its native OKX Chain and OKB token and features a native OKX wallet as well. This exchange gives you a healthy choice of 400+ cryptocurrencies for spot, margin and derivatives trading.
OKX TradingView enables you to chart and trade without any limitations. With its advanced charting tools, you can execute all your trades in one place. You can also interact with OKX’s crypto trading community to learn new things and up your skills.
OKX Earn has multiple investment products for you to choose from. You can pick either fixed or flexible-term products or a combination of them to grow your assets and earn some passive income.
Features
✔️Over 400 cryptocurrencies available for trading
✔️Native blockchain known as OKX Chain
✔️Native token is called OKB
✔️OKX Wallet can be used with 40+ networks
Pros and Cons
✅Great crypto collection ❌Fee structure is complex
✅Supports many payments
options
✅Low trading fees
✅Option to grow crypto holdings
Trading Fees
Trading fees for OKX cryptocurrency exchange
Customer Reviews
Sub-accounts can be created on OKX
OKX does not have good customer service
Why We Picked It
OKX supports everything from simple spot trading to margin and derivatives trading. The fee structure is slightly convoluted though the rates themselves are rather low. You can get good APYs on your assets here and can use the advanced market tracking tools available on OKX without any limits.
Uphold
Uphold is a multi-asset trading platform and not strictly a cryptocurrency exchange. You can trade not only cryptocurrencies but also conventional fiat currencies and precious metals like gold and silver. Not only that, but you can also trade between assets i.e. say, trading Bitcoin for gold, for example.
There are no fees on Uphold. Instead, it charges a commission for trading which is 1.5% in Europe for cryptocurrencies like Bitcoin and Ether. Uphold also supports staking and you can earn decent rewards with your crypto assets.
Uphold’s “Cryptionary is a great feature for learning about crypto trading and terms related to cryptocurrencies in general. Accounts are secured with 2FA here and regular audits and penetration tests are standard on Uphold.
Features
✔️Cryptocurrency, fiat currency and precious metals available
✔️250+ cryptocurrencies for trading
✔️Regular audits, penetration tests and bug bounty for security
Pros and Cons
✅Satisfactory coin collection ❌Trades can be expensive
✅Minimum deposit requirements ❌Equity trading not available
are low in Europe
✅No fees for deposits and withdrawals
Trading Fees
Uphold platform fees explained
Customer Reviews
Uphold is a platform that is very easy to navigate
Withdrawals funds can be difficult on Uphold
Why We Picked It
Uphold’s cryptocurrency collection is comparable with any other major crypto exchange. But you get the added advantage of cross-asset trading here i.e. you can trade assets of one type for another on Uphold. It is a secure platform with regular audits and security tests.
KuCoin
If you want a place to check out relatively obscure and underrated crypto coins, KuCoin should be the platform of your choice. This exchange boasts of a collection of 700+ cryptocurrencies and as a bonus, it lets you convert one cryptocurrency to another at zero fees.
KuCoin is available in over 20 languages and hosts users from 200+ countries which has helped it nurture a global crypto community. Therefore, with KuCoin, you can interact with a global crypto trading community. Spot grids, dollar cost averaging, futures grid, infinity grid and smart rebalance can be automated here with the help of trading bots.
Additionally, you can make multi-chain swaps at the best possible price with KuCoin’s Halo wallet. You can also explore Web3 with this wallet, discover the latest market trends and follow the on-chain activities of other wallets.
Features
✔️Over cryptocurrencies available for trading
✔️Supports 20+ languages
✔️Native coin is called KuCoin Token(KCS)
✔️Supports crypto lending
Pros and Cons
✅Wide range of cryptocurrencies ❌Fee system is complex
✅Crypto-to-crypto conversion is free ❌Trading bots can glitch
✅Trading bots to automate trades
✅Explore Web3 with Halo wallet
Trading Fees
KuCoin cryptocurrency exchange fees
Customer Reviews
Obscure coins can be found on KuCoin
KuCoin’s customer service can be poor
Why We Picked It
KuCoin has a huge crypto selection that is worth checking out. You will definitely find something of interest here on this exchange. It is a multi-lingual platform and you can interact with crypto traders across the world. With the Halo Web3 wallet, you can keep track of other wallets and stay updated on market trends.
Top 4 Decentralized Exchanges in Liechtenstein
UniSwap
Whenever we mention decentralized exchanges for trading cryptocurrency, UniSwap is almost always mentioned. And for good reason. It is the DeFi project of all DeFi projects. It is the platform that launched the craze for similar ‘swap’ platforms.
On UniSwap, you can access tons of ERC-20 tokens to swap without ever sacrificing your privacy. Yes, unlike centralized exchanges, you don’t need to share your private information to trade on UniSwap. All that is required here is a crypto wallet and some balance.
Everything is automated on UniSwap with the help of the Automated Market Maker(AMM) protocol and you can create permissionless pools for any ERC-20 token. You can provide liquidity to the platform by depositing tokens in these pools. In return, you are given a portion of the trading fees as compensation.
Features
✔️Project developed on the Ethereum blockchain
✔️Uses Automated Market Maker system
✔️Native coin is known as UNI
✔️Compatible with wallets like Metamask, Trust wallet etc.
Pros and Cons
✅ERC-20 token swapping ❌Does not vet coins
✅Easy to use platform ❌Does not have customer support
✅Non-custodial exchange
✅No registration needed
Trading Fees
UniSwap trading fees
Customer Reviews
UniSwap is a good decentralized exchange
There is no system for complaints on UniSwap
Why We Picked It
UniSwap is a very popular decentralized exchange largely because it is easy to use with reasonable pool fees and high liquidity. The fees paid on UniSwap are proportional to the risk of the pair being swapped. Further, you only need a crypto wallet to trade on UniSwap.
PancakeSwap
PancakeSwap was launched in 2020 along with many other similar ‘swap’ projects. While it is quite similar to UniSwap, it also addresses the limitations of the latter in some ways. Ethereum-based platforms are often plagued by network congestion issues and as a result, have high gas fees. Hence, PancakeSwap runs on the BNB Chain and not Ethereum.
PancakeSwap’s food-based theme and attractive design make trading fun and accessible. For instance, its native token is called ‘CAKE’ and CAKE can be staked in ‘syrup’ pools. CAKE Bridging is also possible here between Ethereum, Aptos and BNB Chain.
With PancakeSwap’s v3 upgrade, its single fee rate of 0.25% has been replaced by four fee tiers of 0.01%, 0.05%, 0.25% and 1%. You can now also set custom price ranges when providing liquidity to the platform for better efficiency.
Features
✔️Project developed on the BNB Chain
✔️Four-tiered pool fee system
✔️Utilizes Automated Market Maker protocol
✔️Native coin is known as CAKE
Pros and Cons
✅BEP-20 token swapping ❌Issue of scams and phishing attempts
✅Has permissionless pools ❌Coins are not vetted
✅User control over private keys
✅Capital efficient exchange
Trading Fees
Trading fees for PancakeSwap
Customer Reviews
PancakeSwap’s CAKE pools are liked by users
There is no quality check for tokens on PancakeSwap
Why We Picked It
PancakeSwap is an innovative and fun platform for trading cryptocurrency. With its v3, the platform now provides more ranges for trading fees and overall more capital efficiency and lower slippage. The token CAKE can be staked in syrup pools to earn passive income on idle assets.
Curve Finance
Curve Finance is an Ethereum-run platform that majorly provides liquidity for stablecoins or wrapped versions of assets. It is, hence, far more stable than other similar DeFi platforms that can often be unpredictable.
Curve Finance’s strength lies in the fact that it works on multiple chains including Ethereum, Avalanche, Polygon, and Arbitrum. It has a native token called CRV and users holding this token are allowed to vote on governance proposals for the platform. This has helped in establishing a culture of community governance on Curve Finance.
All Curve Finance pools have a minimum of 0.04% fees.
Features
✔️Primarily for stablecoin swapping
✔️Highly liquid platform
✔️Uses Automated Market maker model
Pros and Cons
✅Pools are customizable ❌Not very beginner-friendly
✅Supported on multiple chains ❌Does not have a mobile app
✅Low transaction fee
Trading Fees
Curve Finance fee details
Why We Picked It
Curve Finance is the perfect choice for you if you want a completely decentralized exchange for trading. It has stability, and efficiency and promises high liquidity for a convenient trading experience.
DODO
DODO is another decentralized exchange developed on Ethereum but it does not use AMM for creating liquidity. Instead, what it has is a protocol called Proactive Market Maker(PMM). Adopting this system in place of AMM has enabled DODO to ensure more capital efficiency and price stability.
The platform has some interesting features such as the DODO Vending Machine with which anyone can create a liquidity market. There is also an NFT Vault available for price discovery of non-standard assets. Once the vault is created, liquidity pools can also be established for NFTs.
DODO has a 0.3% fee per trade which ultimately comes to be around 0.6% per trade as stated by its co-founder.
Features
✔️Developed on Ethereum and uses PMM model
✔️Facilitates easy listing of coins
✔️Native DODO Coin is an ERC-20 token
Pros and Cons
✅Better fund utilization ❌No support for fiat currencies
✅Lower slippage
✅No impermanent loss
Trading Fees
Trading fee for DODO
Why We Picked It
DODO has more stability and better price discovery as compared to AMM-based trading platforms. There are some quite innovative products here such as the DODO Vending Machine and NFT Vault that you should check out once.
Is Bitcoin Legal in Liechtenstein?
Liechtenstein is open to cryptocurrencies and has one of the most advanced blockchain and crypto regulatory frameworks. The country’s Token and Trustworthy Technology Service Providers Act or the Liechtenstein Blockchain Act came into effect in January 2020.
The Act defines Trustworthy Technology(TT), provides for the tokenization of assets, protection of investors, regulatory transparency and states measures to combat money laundering. As virtual asset service providers(VASPs) are in the country, they must register themselves with the Liechtenstein Financial Market Authority(FMA) and obtain a license.
Decentralized exchanges(DEXs) are also given recognition in Liechtenstein though their legitimacy is based on the legality of the tokens listed and sold there.
Cryptocurrencies are taxable assets in the country and different regulations apply depending on whether that particular token qualifies as a utility or payment token. Utility tokens are considered the equivalent of conventional commodities in Liechtenstein and any profits from their trading would be taxable income as per the standard tax laws.
Conclusion
Liechtenstein is a crypto haven in Europe and has one of the most advanced blockchain and cryptocurrency legislation in place. This is why so many crypto exchanges have set up shop in the country. Traders in Liechtenstein, therefore, have a vast choice when it comes to crypto trading. They can choose any exchange and invest in any product that they like.
Nevertheless, it is important to remember that cryptocurrency is an extremely volatile asset. It is very easy to lose more money than you invested while trading any crypto asset. Hence, you should not dive blindly into crypto trading and should always consult a professional before putting in any money.