Best Crypto Exchange in Lebanon

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In this guide, we go over the best crypto exchanges in Lebanon. 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 Lebanon

  1. CEX IO – Best automated crypto trading tools. Great assets coverage and crypto margin trading.
  2. Coinmama – Excellent platform with an intuitive interface
  3. Binance – Well established cryptocurrency trading platform with large trading volumes and liquidity.
  4. FTX – Advanced trading tools
  5. Crypto.com – Competitive tools, safe mobile trading app.

Best Crypto Exchanges Lebanon – List

ExchangeOverall ScoreGeneral infoFees (Maker/Taker)Spot Volume (BTC)
#1CEX IO4.6Most asset classes0.01%/0.00%$808,571
#2Coinmama2Best Security Standards0.01%/0.00%$808,571
#3Binance4.3Best Altcoin Portfolio0.1% /0.1%$806,899,070
#4FTX2Advanced trading tools0.16%/0.16%$45,934,113
#5Crypto.com4.3Best For Asset Diversity1.8%/2.75%$68,571

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

01. CEX IO: Best Cryptocurrency Exchange

cex-io-exchange-logo

CEX IO is a well established crypto exchange, known for its great selection of coins, advanced trading features and collateral loans. With over 90 different crypto asset classes, its advanced trading tools, cross-platform trading and great availability world wide, it is a great fit for advanced traders. 

Cex.io has high trading fees for debit/credit card transactions. Deposits are charged with a 2.99% fee, while withdrawals have a fee of 3%.   

All traders receive staking rewards and access to a reliable mobile app enabling them to buy and sell cryptocurrency fast and cheap.


02. Coinmama: Best Security Standards For Crypto Trading

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.


03. Binance: Best Platform to Buy Cryptocurrency in Lebanon

Binance-crypto-exchange

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.


04. FTX: Advanced trading tools

ftx-rating

FTX is a centralized and fast growing crypto exchange known for its advanced trading tools, easy to use trading platform and competitive fee structure. Their intuitive trading platform allows users access to NFTs, futures and margin trading. Their coin selection is average and you should check the availability of exotic coins up front. Trading fees are low.


05. 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.


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 Lebanese Citizens

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

Regulation Of Cryptocurrency Exchanges in Lebanon

The Banque du Liban (BDL) is the main regulatory body for cryptocurrency trading in Lebanon. There is currently no legal framework in place that would regulate the cryptocurrency market. Cryptocurrency exchanges can operate in Lebanon and offer their services to Lebanese people without licence.

Is Cryptocurrency trading Legal in Lebanon?

The trading, holding and investing in Bitcoin and cryptocurrencies in Lebanon is legal! Lebanese citizens are allowed to open a trading account, and own cryptocurrencies, sell them or hold them in their account as investment. The commercial use of cryptocurrencies as a way of payment is prohibited. The only legal currency approved by the BDL remains the LBP.

Conclusion

We recommend CEX.IO as the best crypto exchange for Lebanese crypto enthusiasts, followed by Coinmama.

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

How can I buy and sell cryptocurrency in Lebanon?

You can buy and sell cryptocurrency in Lebanon at cryptocurrency exchanges.

Can I use Binance in Lebanon?

Yes, you can use Binance in Lebanon but you have to go through a KYC process to be able to trade cryptocurrency with them.

Can I use Kraken in Lebanon?

Yes, you can use Kraken in Lebanon and fund your account with crypto. It is not possible to fund your Kraken account with fiat money for Lebanese traders.

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 Lebanon?  

 If you want to cash out crypto in Lebanon, you’ll have to use an exchange that supports withdrawals in your fiat currency. BitOAsis lets users in Lebanon, 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.


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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