How to Buy, Sell, and Transfer Cryptocurrencies in Cyprus (Safely with Ledger Wallets)

As interest in cryptocurrency continues to grow across Cyprus, more people are asking:

Is it legal to buy and sell crypto here? How do you store it safely? What are the tax rules?

In this complete guide, we’ll walk you through how to buy, sell, and transfer crypto in Cyprus, and explain why Ledger hardware wallets, available at Cyber Shop Cyprus, are the smartest way to protect your digital assets. 🛡️

🔎 Is Cryptocurrency Legal in Cyprus?

Yes — cryptocurrency is fully legal to buy, sell, and hold in Cyprus. While it's not considered legal tender, owning crypto is completely allowed under both Cypriot and EU law. The Cyprus Securities and Exchange Commission (CySEC) oversees crypto providers, and the new EU MiCA regulation (Markets in Crypto-Assets) has brought even more structure and investor protection since late 2024.

🔍 Note: If you're using services like exchanges or wallet apps, they must now be registered Crypto-Asset Service Providers (CASPs) in line with MiCA.

💰 How to Buy Crypto in Cyprus (Step-by-Step)

Buying crypto in Cyprus is easy and regulated. Here’s how to do it:

✅ 1. Choose a Trusted Crypto Exchange

Use platforms that support SEPA (euro bank transfers) and have strong compliance. Popular options include:

• Binance

• Crypto.com

• Coinbase

• Kraken

• Bitpanda

• Revolut

💡 Tip: Use exchanges that offer 2FA security, and avoid keeping large funds on them for too long.

✅ 2. Verify Your Identity (KYC)

Upload your:

• Passport or ID

• Proof of address (e.g. utility bill)

• Selfie (optional on some platforms)

✅ 3. Deposit Euros (EUR)

You can deposit via:

• SEPA bank transfer (usually zero fees)

• Debit or credit card (instant, but higher fees)

✅ 4. Buy Cryptocurrency

Choose the crypto you want to buy:

• 🪙 Bitcoin (BTC)

• 🌐 Ethereum (ETH)

• ⚡ Solana (SOL)

• 🪙 XRP, ADA, etc.

🔄 How to Transfer Crypto Securely

Once you've bought crypto, it's time to transfer it to your personal wallet for safe keeping.

⚠️ Warning: Leaving funds on an exchange long-term can be risky — exchanges can be hacked or shut down.

🔐 The Best Way to Store Crypto in Cyprus: Ledger Hardware Wallets

Ledger wallets keep your private keys offline, making them immune to phishing, viruses, or internet hacks.

At Cyber Shop Cyprus, we stock the latest Ledger Nano S Plus and Ledger Nano X — both ideal for Cypriot crypto holders.

👉 Buy Ledger Wallets Now in Cyprus — Secure your crypto today!

💸 How to Sell Crypto in Cyprus

Selling is simple:

1. Transfer your crypto back to the exchange (if stored in Ledger).

2. Place a sell order (market or limit).

3. Convert to EUR .

4. Withdraw to your Cyprus bank account via SEPA.

📝 Some banks may request source of funds documents, so keep transaction records from your exchange and Ledger Live dashboard.

🧾 Cryptocurrency Tax in Cyprus

👤 For Individuals

• Occasional investing? Gains may be capital gains (usually exempt).

• Frequent trading? Taxed as personal income (up to 35%).

📌 Good to know: Crypto-to-crypto trades and sending crypto to another wallet are not taxable — only selling into fiat (EUR) is.

🏢 For Businesses

• Crypto trading companies pay 12.5% corporate tax on profits.

• Long-term holding may qualify for capital gains exemption.

• Non-domiciled shareholders often avoid dividend tax.

⚖️ Crypto Regulation in Cyprus: What to Know

• Under MiCA, all crypto services must be registered CASPs.

• From 2026, DAC8 and CARF rules will require exchanges to report your activity to EU tax offices.

• If you're running a crypto business or trading professionally, consult a tax advisor or request a tax ruling.

🛡️ Why Use Ledger Wallets in Cyprus?

With tax regulation tightening and scams on the rise, security is essential.

Here’s why Ledger is your best defense:

• 🔐 Offline storage = private keys never exposed

• ✅ Ledger Live lets you track portfolios and export data

• 📲 Bluetooth support (Nano X) for on-the-go use

• 🔧 Works with 1000+ coins and apps

📦 Buy Ledger Nano S Plus or Nano X at Cyber Shop Cyprus

• ✅ Fast shipping

• ✅ Local support

• ✅ Trusted reseller

🧠 Final Thoughts: Your Crypto, Your Control

Whether you're just starting with Bitcoin or actively trading altcoins, Cyprus offers a supportive environment for crypto use — but safe storage and smart tax planning are key.

Take control of your crypto journey with a Ledger hardware wallet — now available at Cyber Shop Cyprus .

📦 Get Your Ledger Wallet Today

🛍️  Shop Ledger Wallets Now  — Official Ledger stockist in Cyprus

🔐 Protect your crypto like a pro — before it’s too late!