Page Summary
This guide shares information about the best crypto exchanges in Greenland. We have evaluated and analyzed 133 exchanges based on 8 distinct categories. We focused on all characteristics of their service, including crypto exchange fees, platforms, assets, deposits & withdrawals, customer service, security, and liquidity.
The highest scoring crypto exchanges are below.
Top 6 Crypto Exchanges In Greenland
- Binance – Best crypto trading app in Greenland.
- Crypto.com – Competitive tools, safe mobile trading app.
- CEX IO – Great assets coverage and crypto margin trading.
- Gemini – In-house hot wallet, access to different coins.
- KuCoin – Limited portfolio, competitive prices.
- Bitstamp – Low trading fees.
Best Crypto Exchanges In Greenland – List
| Exchange | Overall Score | General info | Fees (Maker/Taker) | Spot Volume (BTC) | |
| #1 | Binance | 4.3 | Best crypto trading app | 1.99%/1.99% | $451,706,550 |
| #2 | Crypto.com | 4.3 | Competitive tools, safe mobile trading app | 1.8%/2.75% | $78,221 |
| #3 | CEX IO | 4.5 | Most asset classes | 0.16%/0.26% | $53,964,331 |
| #4 | Gemini | 4.5 | In-house hot wallet, access to different coins. | 0.01%/0.00% | $808,571 |
| #5 | KuCoin | 4 | Limited portfolio, competitive prices. | 1.8%/2.75% | $68,571 |
| #6 | Bitstamp | 2.3 | Low trading fees | 0.01%/0.00% | $1375,113 |
This section below breaks down the best crypto trading platforms in Greenland, beginning with the best-rated – Binance.
1. Binance – Best Overall Crypto Exchange
Binance is a leading exchange with trustworthy services and a good reputation. It provides access to many crypto trading services, including professional research tools. Binance has a transparent fee structure with low trading costs and no hidden fees.
The Binance app has a professional design with an intuitive interface. It offers access to many features, including staking rewards. Binance is a top choice for traders who want access to a good coin selection and a secure trading app.
Pros
- The best daily trading volume for both spot Crypto trading and for Crypto derivatives
- The best choice of different assets to trade
- Great choice of saving and stalking options
- Very competitive trading fees
- Very good trading platform with lots of advanced features
- Easy sign-up process
- Very good choice for mobile trading
- Great deposit and withdrawal options
Cons
- Exchange has been hacked in the past
- Considerable withdrawal fees
- Customer support is sometimes hard to
Key features
- Spot and derivative crypto trading
- P2P (Peer-to-peer) crypto trading available
- Trading platform integrated with tradingview; automated trading available
- Savings, staking, crypto loans, Binance smart pool
- Binance liquid swap
- Binance Visa Card
2. Crypto.com – Best Crypto Trading App
Crypto.com is a leading crypto exchange with access to a safe mobile trading app. It has competitive tools and access to e-wallets. Crypto.com has a well-designed app with an intuitive interface. It has a simple sign-up process for traders at all levels.
Crypto.com is available on Android and iOS devices. Users receive rewards and bonuses for holding specific coins. Crypto.com has a versatile portfolio with access to 250 popular altcoins.
Pros
- Highest security standards
- Great offer of crypto trading instruments
- Very good trading platform
- Very good research and educational tools
- Very good mobile trading application
- Very good wallet
Cons
- Slow customer service
- Very complex fee schedule (if you do not hold Cronos tokens fees are high)
- Difficult to navigate
Key features
- Spot and margin crypto trading
- Crypto payments
- Crypto.com Visa Credit Card
- Staking, crypto loans
- Proprietary Cronos tokens
3. Cex.io – Best Exchange For Asset Class Access
CEX IO is a reputable cryptocurrency exchange known for its excellent selection of coins. It offers 92 different asset classes and popular coins like Bitcoin and Ethereum. CEX IO offers a valuable cross-platform trading service and professional tools.
This exchange has high trading fees for credit/debit card transactions. All account holders receive staking rewards and access to a crypto trading app. We recommend CEX IO to experienced crypto traders.
Pros
- Regulated and licensed
- Very good deposit and withdrawal options
- Very good customer support
- Great choice for mobile trading
- Very good Crypto wallet
Cons
- Low security ratings, being hacked previously
- Low trading volumes
- Limited educational content
Key features
- Spot and derivative crypto trading
- Automated trading available
- Provides opportunity to earn cryptos (staking, saving)
- Crypto backed loans are available
- CEX.IO credit card
4. Gemini – Best In-House Hot Wallet
Gemini is a trustworthy crypto exchange with excellent security features. It offers a reliable in-house hot wallet and access to 103 different coins. Gemini is a good choice for traders who want to trade popular currencies like Bitcoin, Litecoin, and Ethereum.
This exchange has a transparent fee policy with high trading fees. It offers a secure platform with an intuitive interface. Research and learning tools are limited.
Pros
- Well regulated
- Highest security standards
- Trading platform is easy and intuitive to use
- Very good crypto wallet
- Very good mobile application
Cons
- Derivatives are not available
- Trading fees are above industry average
- Slow customer support
Key features
- Spot crypto trading
- It an online crypto wallet where you can buy, sell, store and exchange most popular cryptocurrencies
- Automated trading
- Gemini pay service
- Provide set of services for corporations, wealth and asset managers and hedge fund managers
- Proprietary Gemini USD token
5. Kucoin – Best Exchange With Competitive Prices
KuCoin is a popular centralized exchange with trustworthy services. It is available in 200 countries to traders at all levels. KuCoin has an excellent fee structure and access to bonuses. New accounts receive free USDT coins on the first deposit of over $500.
KuCoin is a reliable crypto exchange with limited tools. It offers access to many coins, including Bitcoin, futures, staking, and margin trading.
Pros
- Great offer of different trading instruments
- Very competitive trading fees
- Easy sign-up process
- Very good trading platform
- Very good educational resources
- Very good choice of deposit and withdrawal methods
- Very good trading volumes
- Great mobile trading platform
- Never being hacked
Cons
- Limited choice of deposit and withdrawal methods
- Suffered a major hacking incident in 2020
- Not regulated
Key features
- Spot and margin crypto trading
- P2P (Peer-to-peer) crypto trading available
- Trading platform integrated with tradingview; automated trading available
- Beginner zone – Educational resources for trading beginners
- Staking, loans, Crypto earn, cloud mining
6. Bitstamp – Best Platform With Low Trading Fees
Bitstamp is a top exchange with low trading fees. It is popular for its intuitive trading platform suite. Bitstamp has a simple-to-use platform with advanced trading tools. It offers a professional mobile app on Android and iOS.
This exchange has a good coin selection and a transparent fee policy. The minimum trade at Bitstamp is $20. We recommend it for intermediate and advanced crypto traders.
Pros
- Well regulated
- One of longest standing crypto exchanges
- Very good trading platform (integrated with trading view)
- Beginner friendly trading interface
- Great mobile application
- Good choice of deposit and withdrawal options
- Very good customer support
Cons
- Limited list of supported currencies
- No margin trading (crypto derivatives)
- Complex KYC and verification process
- 2015 hack resulted in the loss of $5.2 million worth of BTC
- Higher fees for credit card deposits
Key features
- Spot crypto trading
- Crypto earn (staking)
- Trading platform integrated with tradingview; automated trading available
- Offers services to brokers, prop traders, banks, neo banks, hedge funds
How To Choose A Crypto Exchange?
To choose a crypto exchange, you have to consider essential features like fees, apps, platforms, assets, deposits & withdrawals, liquidity, security, and customer service.
Fees: Avoid exchanges with high trading fees, hidden costs, and overnight fees.
Trading Platforms: Professional Platforms need to be intuitive and user-friendly. Look for an exchange with a fast executing platform.
Mobile Trading: Mobile apps need to offer the same charts and services as their web versions.
Deposit & Withdrawal: Select an exchange with access to different funding options with low or no fees.
Assets: We recommend you choose a platform with a comprehensive asset portfolio. Traders should avoid exchange providers that do not offer popular altcoins.
Customer Support: All traders need access to reliable customer service available in their language.
Liquidity: Choose a platform with high liquidity and trading volumes to ensure you’ll sell your crypto assets.
Security: Consider a centralized exchange with industry-leading safety protocols and a clean track record of hack attacks.
Regulation Of Cryptocurrency Exchanges in Greenland
The regulation of cryptocurrency exchanges in Greenland is within the scope of Danish laws. The Danish Financial Supervisory Authority (DFSA) is the primary regulator in Greenland and Denmark. It oversees all crypto exchange activities in the country. Exchanges registered in Greenland need to follow strict AML and CFT standards. Unauthorized exchanges are subject to financial penalties and charges.
Is Cryptocurrency trading legal in Greenland?
Cryptocurrency trading is legal in Greenland. The Danish Financial Supervisory Authority (DFSA) regulates digital coins according to strict Anti-Money Laundering and Counter-Terrorism rules (AML/CFT). Virtual coins do not possess legal status as fiat currency, but businesses accept cryptocurrencies on a case-by-case basis.
How to Start Trading With – Binance
Binance is the most popular crypto exchange in Greenland, with access to Bitcoin, Litecoin, and Ethereum coins. It offers industry-leading platforms and secure services. Here are the steps you need to take to start trading on Binance.
Step 1: Open up the Binance official website
Access the official Binance website under this link here: https://www.binance.com/en.
Step 2: Click on the “Register” button
Click on the “Register” button and submit your full name and email address.
Step 3: Verify your account
Binance lets you verify your account with your photo ID. This will allow you to buy, sell, and hold crypto coins.
Step 4: Buy cryptos
After you verify your account, Binance lets you buy cryptos. To own a cryptocurrency, you don’t need to buy the whole coin.
Conclusion
Binance is the best cryptocurrency exchange in Greenland. It offers a secure mobile trading app, staking rewards, and advanced crypto trading features. Crypto.com is our second choice because of its valuable portfolio and user-friendly crypto trading app.
FAQ
What Is A Centralized Exchange?
A centralized exchange is an exchange where a central order book registers all trades before being processed by the service. Centralized exchanges provide liquidity to the marketplace and earn fees from each trade. This type of exchange follows strict rules and requests account verification under the Know Your Customer rule.
What Is A Decentralized Exchange?
A decentralized exchange (DEX) is a provider that doesn’t have a central point of control. It functions as a server and keeps a copy of the entire exchange on different devices. A DEX uses the “automated market maker” protocol and liquidity pools from users. DEXs don’t follow the rules of a regulatory body and come with significant risks. These exchanges are difficult to hack but have other security risks. If you buy cryptos with this type of exchange, you risk losing all your money.
Can You Own Cryptos In Greenland?
Yes, you can buy, sell, and hold cryptos in Greenland through a secure and regulated exchange.
Is Crypto Trading Legal In Greenland?
Yes, crypto trading is legal in Greenland and functions as a virtual payment method on a case-by-case basis.
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Disclaimer
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