Best Crypto Exchange in Egypt

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In this guide, we go over the best crypto exchanges in Egypt. We have analysed and evaluated 133 crypto exchanges in 8 different categories. We measured all aspects of their service including fees, trading platform, mobile trading, deposits & withdrawals, assets, customer support, liquidity and security.

Crypto trading platforms that reached the highest scoring are considered in the following list:

Top 5 Crypto Exchanges In Egypt

  1. Coinbase finished up second as the best crypto trading platform. Great trading platform and low fees.
  2. Kraken is in third place. Great Bitcoin exchange founded in 2022. Sophisticated trading tools for experienced investors
  3. Crypto.comis the best crypto exchange for multiple assets. Competitive tools, safe mobile trading app.
  4. Bit Oasis – Best Exchange For Low Fees
  5. Coinmamaoffers high-security standards. Excellent platform with an intuitive interface.

Best Crypto Exchanges Egypt – List

ExchangeOverall ScoreGeneral infoFees (Maker/Taker)Spot Volume (BTC)
#1Coinbase4.4Best crypto trading platform1.99%/1.99%$451,706,550
#2Kraken4.5Most trusted exchange0.16%/0.26%$53,964,331
#3Crypto.com4.3Best For Asset Diversity1.8%/2.75%$68,571
#4Bit Oasis3.4Best Exchange For Low Fees1%/1%$1,949,225
#5Coinmama2Best Security Standards0.01%/0.00%$808,571

This section below breaks down the best crypto trading platforms in Egypt, beginning with the best rated

01. Coinbase: Best Platform For Cryptocurrencies

coinbase-cryptocurrency-exchange

Coinbase is a well established crypto exchange with great buy, sell and exchange options for traders at all levels. Their trading platform offers access to over 100 crypto assets, fast trade execution, rewards on trading and a beginners friendly interface. Trading fees are above industry average.

Coinbase Pro is available for professionals with access to a lower fee structure and advanced tool including stop loss orders, advanced charting and indicators. Users will not find an option to trade futures or to trade on margin accounts.

Customer support is slow and ranks below industry average.

 


02. Kraken: Best Trading Platform for Bitcoin

kraken-exchange-logo

Kraken is a well-established crypto exchange with a long standing operational history, great security and industry-leading technology. It is a great choice for advanced crypto investors who are looking for margin and futures trading options, sufficient trading volume and low trading costs. Their selection of coins is a bit over industry average.

Krakens proprietary trading platform allows users to buy and sell digital currencies with the lowest fees in the industry, multiple order types, valuable educational resources and quick buy features. The mobile version in available on iOS and Android app and has all trading tools from the web version.

High-net-worth clients are the only ones allowed to use the exchange’s consultation and management services.  


03. Crypto.com: Best For Asset Diversity

crypto.com-rating

Crypto.com is a modern and fast adopting crypto exchange offering access to NFTs, e-wallets, own credit card, staking, investing and crypto trading. Their trading app is intuitive, easy to use and available on iOS and Android. Trading fees are competitive across all accounts. With the extra bonuses for holding specific coins they can compete with the fee structure of industry leading exchanges. Crypto.com offers access to 250 different crypto coins.


04. Bit Oasis: Best Exchange For Low Fees

bitoasis-rating

BitOasis is a well established cryptocurrency exchange with headquarters in the United Arab Emirates. It focuses on users from the MENA region. BitOasis is a crypto-to-crypto exchange and an online broker. They offer access to hand picked digital assets including Bitcoin, Ethereum, Ripple, Bitcoin Cash and Litecoin. Their trading platform is easy to use, intuitive and offers access to basic trading tools. Trading fees are above industry average.


05. Coinmama: Best Security Standards

coinmama-rating

Coinmama is a reputable crypto exchange, great for investors looking for high security standards, simplicity and a great user experience. Their trading platform is simple, easy to use and allows users to buy and sell cryptocurrencies. Experienced traders and investors will miss advanced trading features, e-wallets and other financial products. Trading fees are above industry average compared to other exchanges.


How To Pick a Crypto Exchange?

The main criteria to consider when choosing a crypto exchange include: fees, trading platform, mobile trading, deposits & withdrawals, assets, customer support, liquidity and security.

Fees: Avoid exchanges that charge high fees on trades, overnight fees and hidden fees.

Trading platforms: Look for intuitive, easy to use and fast executing trading platforms.

Mobile Trading: Mobile trading apps should offer the same trading tools and charts as their web versions.

Deposit & Withdrawal: Choose an exchange that offers your preferred deposit and withdrawal options with low or no fees.

Assets: Look for the best coverage of asset classes. Exchanges not offering the most popular alt coins should be voided.

Customer support: Beginner crypto traders should look out for responsive and professional customer support available in their language.

Liquidity: High liquidity and trading volumes guarantee that you will be able to sell your crypto assets.

Security: Prioritise regulated exchanges offering proof of funds, penetration tests and have a clean history record of hack attacks. Always check security features with the crypto exchange security rating agency (CER.live)

*Safety Risks For Egypt Citizens

A trustworthy cryptocurrency exchange for Egypt citizens is government-regulated and has a trading licence. Larger exchanges have a banking history.

Regulation Of Cryptocurrency Exchanges in Egypt

The main regulatory body for cryptocurrency exchanges in Egypt is the The Central Bank of Egypt (CBE). Based on their official statement from 2019, the only legal tender in Egypt are paper currencies approved by the central bank.

Is Cryptocurrency trading Legal in Egypt?

Cryptocurrency trading in illegal. The main Egyptian legislator Dar al-Ifta has classified all transactions in Bitcoin and other cryptocurrencies as haram and therefor prohibited under Islamic law.

How to Start Trading WithCoinbase?

Coinbase is the most popular crypto exchange in Egypt. Below are steps you need to take in order to start trading…

STEP 1: Open up the Coinbase Official Website here

coinbase-Best-Crypto-Exchange-Egypt

STEP 2: Click on the “Get Started” Button

coinbase-account-opening

STEP 3: Verify Your Trading Account

To buy cryptocurrency using eToro you need to open a trading accountverify your account and make a deposit. This will enable you to buy, hold and sell crypto assets using this trading platform.

STEP 4: Buy Cryptocurrency

You can buy, hold and sell fractions of each crypto asset. To own a crypto coin you don’t need to buy the whole coin.

Conclusion

We recommend Coinbase as the best crypto exchange for Egypt crypto enthusiast followed by Kreken

The results from our final verdict are based on our evaluation process where we research and analyse all aspects of crypto exchange services including fees, trading platform, mobile trading, deposits & withdrawals, assets, customer support, liquidity and security.

FAQ

What Is A Centralized Cryptocurrency Exchange? 

A centralized exchange is a private company that offers platforms to trade cryptocurrencies. These exchanges will request registration and identification, known as the Know Your Client rule.

What Is A Decentralized Cryptocurrency Exchange?

 A decentralized exchange does not have a central point of control. It resembles a server, but it has each computer within the server spread out across the world. If one computer malfunctions, it does not affect the network. However, decentralized exchanges aren’t obliged to follow any rules of any regulatory body. If you opt for a decentralized exchange, you should consider the risks associated with it. Read our in-depth reviews to learn more about cryptocurrency exchanges and safety.

How To Buy Cryptocurrency Through an Exchange?

Centralized exchanges let users deposit government-backed currencies (fiat money) from a bank account or credit/debit card. These centralized exchanges then provide tools for swapping that currency into the cryptocurrency you choose. The exchange either directly stores the cryptocurrency or transfers it to a wallet you specify.

How To Open A Cryptocurrency Exchange Account?

Cryptocurrency exchanges have you set up an online account and submit proof of identity. This verification process includes checking your identity with a third-party application or submitting a picture of your ID.

How To Cash Out Cryptocurrency In Egypt?  

 If you want to cash out crypto in Egypt, you’ll have to use an exchange that supports withdrawals in your fiat currency. BitOAsis lets users in the United Arab Emirates, Kuwait, Egypt, and Saudi Arabia withdraw AED to a bank account.  
A straightforward way to cash out crypto is with a Uquid debit card. It offers a smooth conversion process for Bitcoin. Bitcoin ATMs are another top way to exchange BTC for fiat currency.
LocalBitcoins and other P2P exchanges will help you cash out crypto. Such providers let you buy/sell Bitcoin for different payment methods, including gift cards and bank transfers. 

Is Cryptocurrency Trading in Compliance to the Sharia Law?

Trading cryptos is “halal” and in compliance with the sharia law if the underlaying tokes in halal.


Disclosure

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

Disclaimer

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs. Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Past performance is not an indication of future results. Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.

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Stefan Grasic (Dipl.-Jur) is the World Wide Director of research for Buisness24-7 and has considerable experience in the financial and investment niche, but also enjoys writing articles for the general readership. Stefan is an active Crypto, Forex and general investment researcher advising blockchain companies at their start up level. He keeps fit by mountain biking, surfing, skiing and lots of other adrenaline sports.

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