Page Summary
In this guide, we go over the best crypto exchanges in Iraq. We have analysed and evaluated 134 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 Iraq
- Kraken – Great Bitcoin exchange founded in 2022. Sophisticated trading tools for experienced investors.
- Binance – Well established cryptocurrency trading platform with large trading volumes and liquidity.
- Coinbase – Great trading platform and low fees.
- Crypto.com – is the best crypto exchange for multiple assets. Competitive tools, safe mobile trading app.
- Cash App – Best tool set for beginners. Easy to use Bitcoin trading platform.
Best Crypto Exchanges Iraq – List
| Exchange | Overall Score | General info | Fees (Maker/Taker) | Spot Volume (BTC) | |
| #1 | Kraken | 4.5 | Most trusted exchange | 0.16%/0.26% | $53,964,331 |
| #2 | Binance | 4.3 | Best Altcoin Portfolio | 0.1% /0.1% | $806,899,070 |
| #3 | Coinbase | 4.4 | Best crypto trading platform | 1.99%/1.99% | $451,706,550 |
| #4 | Crypto.com | 4.3 | Best For Asset Diversity | 1.8%/2.75% | $68,571 |
| #5 | Cash App | 4.7 | Best For Beginners | 0.1% /0.1% | $706,555,070 |
This section below breaks down the best crypto trading platforms in Iraq, beginning with the best rated…
1. Kraken – Best Trading Platform for Bitcoin
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.
Pros
- Great offer of different crypto trading instruments
- Very competitive trading fees
- Very good trading platform
- Highest security standards
- Very good trading volumes
- Very good mobile trading application
- Wide range of educational materials
Cons
- Not beginner friendly
- Slow customer support
Key features
- Spot and margin crypto trading
- Crypto earn, staking, crypto bank
- Kraken account management
- Serve corporations, wealth managers, investment funds
2. Binance – Best Platform to Buy Cryptocurrency in Iraq
Binance is the biggest crypto exchange in the industry and is a great choice for experienced investors looking to trade high volume and great selections of coins. High-volume crypto traders will appreciate the high spot trading volumes, low fee structure and advanced trading tools and order types.
Binance has premium account features, including staking rewards and OTC trading. Traders earn from 1-10% for holding different assets over time. We recommend this crypto exchange for advanced UAE and Dubai crypto traders who want to trade with lower trading fees and invest in less popular altcoins. We do not recommend Binance for beginner traders.
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
3. Coinbase – Best Platform For Cryptocurrencies
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.
Pros
- Strong selection of supported digital currencies
- Great trading volume
- Easy to use trading platform
- Great security standards
- Very good deposit and withdrawal options
- Great option for mobile trading
Cons
- No margin trading (Crypto derivatives)
- Customer service is sometimes hard to reach
- Fees are higher than average
- Your account can be closed depending where you send your cryptos
Key features
- Spot crypto trading
- Opportunity to earn cryptocurrencies through crypto learn
- Saving, staking, crypto borrow
- Coinbase Visa Card
- Built their own stable coin (USDC)
4. Crypto.com – Competitive tools, safe mobile trading app
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.
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
5. Cash App – Best tool set for beginners beginners
Cash App is a global financial platform which offers crypto trading and other financial services and is a great choice for those, who are looking to buy digital assets on an easy to use platform . Cash App is a peer-to-peer money transfer system offering flexible solution to withdraw funds to main crypto wallets and also buy and sell cryptocurrency at the same time.
Cash App offers access to the most traded cryptocurrency assets, including Bitcoin, Ethereum, Ripple NFT’s, Shiba Inu and most Altcoins. Their crypto trading app is interactive, easy to use and beginner-friendly. Trading costs are average and you can expect additional fees compared to traditional crypto exchanges. Advanced trading features like different order types, limit orders, standing orders, crypto staking, margin trading and storage options are missing.
Cas app lets users directly deposit money their bank account and use tax filling tools.
Pros
- Easy to use, beginner freindly
- High security standards
- Simple sign-up process
- Instant payments
Cons
- Bitcoin is only crypto available
- Bitcoin trading fees are above industry average
- Not suitable for advanced Crypto traders
- This cannot be considered as an crypto exchange rather than application to buy bitcoin
Key features
- This is not an classical Crypto exchange rather an application form making payments and for investing in bitcoin and stocks
- Paying service
- Investing in stocks
- Credit card
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 Iraq Citizens
A trustworthy cryptocurrency exchange for Iraq citizens is government-regulated and has a trading licence. Larger exchanges have a banking history.
Regulation Of Cryptocurrency Exchanges in Iraq
The Iraqi Central Bank (ICB) is the main regulatory body for cryptocurrency exchanges in Iraq that has issued a statement prohibiting the use of cryptocurrencies. The usage of cryptocurrencies is Iraq is Illegal and sanctioned under the countries money laundering law.
Is Cryptocurrency trading Legal in Iraq?
The Iraqi Central Bank has declared that the possession and mining of cryptocurrencies is legal in Iraq, but the usage of crypto coins as legal tender is prohibited. Iraqi citizens can buy, sell, and hold cryptocurrencies, but they are not allowed to use them as a way of payment.
How to Start Trading With – Kraken?
Kraken is the most popular crypto exchange in Iraq because of zero hidden fees, copy trading tools, demo account and a beginner friendly platform. Below are steps you need to take in order to start trading…
STEP 1: Open up the Kraken Official Website
STEP 2: Click on the “Get Started” Button
STEP 3: Verify Your Trading Account
To buy cryptocurrency using Kraken you need to open a trading account, verify 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 eToro as the best crypto exchange for Iraqi crypto enthusiasts. They offer brokerage and exchange services at the same time along with zero commission fee trades, advanced copy trading tools, a user friendly platform and availability of 40 different crypto asset classes.
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
Can you buy crypto in Iraq?
Yes, you can buy Bitcoin and other cryptocurrencies in Iraq via cryptocurrency exchanges. You can purchase crypto directly with your Iraqi bank account.
Which crypto app works in Iraq?
The crypto apps that work and that are the most popular in Iraq are Kraken, Binance and Coinbase.
How do I get Ethereum in Iraq?
You can buy Ethereum easily with one of the exchanges in this article, including Coinbase, Binance…
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 Iraq?
If you want to cash out crypto in Iraq, you’ll have to use an exchange that supports withdrawals in your fiat currency. BitOAsis lets users in the United Arab Emirates, Kuwait, Bahrain, 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.
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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. 68% 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. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.