In this guide, we go over the best crypto exchanges in Morocco. 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 Morocco
- 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.
- CEX IO – Best automated crypto trading tools. Great assets coverage and crypto margin trading.
- Crypto.com – Competitive tools, safe mobile trading app.
Best Crypto Exchanges Morocco – 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||CEX IO||4.6||Most asset classes||0.01%/0.00%||$808,571|
|#6||Crypto.com||4.3||Best For Asset Diversity||1.8%/2.75%||$68,571|
This section below breaks down the best crypto trading platforms in Morocco, beginning with the best rated…
01. 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.
02. Binance: Best Platform to Buy Cryptocurrency in Morocco
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.
03. 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.
04. CEX IO: Best Cryptocurrency Exchange
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.
05. Crypto.com: Best For Asset Diversity
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 Moroccan Citizens
A trustworthy cryptocurrency exchange for Moroccan citizens is regulated by financial regulators and has a valid trading licence. Larger exchanges have a banking history.
Regulation Of Cryptocurrency Exchanges in Morocco
The central bank of the Kingdom of Morocco, Bank Al-Maghrib, has incorporated a law that prohibit all banks, currency exchange companies, financial entities, and payment service providers from conducting cryptocurrency transactions.
The only legally operating cryptocurrency exchanges in Morocco are foreign companies that offer crypto trading in currencies supported by the Maroccan central bank. Those include eToro, Binance, Coinbase, Kraken.
Is Cryptocurrency trading Legal in Morocco?
Although Morocco banned Bitcoin and cryptocurrency transactions in 2017 for commercial purposes, it is legal to hold and trade Bitcoin and other cryptocurrencies.
How to Start Trading With – Kraken?
Kraken is the most popular crypto exchange in Morocco 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 Official Website here
STEP 2: Click on the “Create account” 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.
We recommend Kraken as the best crypto exchange for Moroccan crypto enthusiasts, Binance comes in as second.
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.
Can I trade crypto in Morocco?
Yes, you can trade crypto in Morocco, but you cannot use crypto for official transactions.
How do I buy Ethereum in Morocco?
You buy Ethereum in Morocco on safe and reliable cryptocurrency exchanges.
Is Kraken available in Morocco?
Yes, Kraken is available in Morocco. Moroccan traders do need to go through a KYC process before being able to trade with them.
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 Morocco?
If you want to cash out crypto in Morocco, you’ll have to use an exchange that supports withdrawals in your fiat currency. BitOAsis lets users in Morocco, 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.
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.
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.
- 1 Top 5 Crypto Exchanges In Morocco
- 2 Best Crypto Exchanges Morocco – List
- 3 How To Pick a Crypto Exchange?
- 4 Conclusion