Best Crypto Exchange In Russia

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In this article, we go over the best crypto exchanges in Russia. We have tested and analyzed 133 exchanges across 8 different categories. We evaluated all characteristics of their portfolio, including fees, platforms, apps, deposits & withdrawals, asset versatility, liquidity, safety, and customer service. 

The highest-scoring crypto trading platforms are below. 

Top 6 Crypto Exchanges In Russia

  1. WhiteBIT – Best cryptocurrency trading platform for traders in Russia.
  2. Kraken – Sophisticated trading tools for experienced investors.
  3. Binance – Well-established cryptocurrency trading platform with large trading volumes and liquidity.
  4. CEX IO – Best automated crypto trading tools. Great assets coverage and crypto margin trading.
  5. Bittrex Versatile portfolio and secure trading platforms.
  6. Coinmama – Best security standards.

Best Crypto Exchanges In Russia – List

ExchangeOverall ScoreGeneral infoFees (Maker/Taker)Spot Volume (BTC)
#1WhiteBIT4Best exchange overall
#2Kraken4.5Most trusted exchange0.16%/0.26%$53,964,331
#3Binance4.3Best altcoin portfolio0.1% /0.1%$806,899,070
#4CEX IO4.6Most asset classes0.01%/0.00%$808,571
#5Bittrex4.7Versatile portfolio and secure trading platforms0.16%/0.1%$23,118,221
#6Coinmama2Best security standards0.01%/0.00%$808,571

This section below breaks down the best crypto trading platforms in Russia, beginning with the best rated – WhiteBIT.

01. WhiteBIT: Best Crypto Trading Platform Overall 


WhiteBIT is a leading crypto exchange with competitive services for traders in Russia. It has a fixed minimum trading commission and large trading volumes. This exchange offers high-speed execution trades and access to a versatile portfolio. 

WhiteBIT offers a multicurrency wallet, which is free of charge and secure. The minimum deposit with this provider is 0.0005BTC. WhiteBIT offers basic trading for new traders, spot and margin trading, and P2P services. 

02. Kraken: Best Trustworthy Exchange 


Kraken is a secure cryptocurrency exchange with a long track record in the industry. It offers industry-leading safety measures and excellent security. Kraken is a good fit for professional crypto traders searching for low trading costs. 

This exchange has a proprietary trading platform for buying and selling digital currencies. It offers quick buy features and multiple order types. Kraken has a mobile app available on Android and iOS devices. Kraken provides access to management services for high-net-worth account holders. 

03. Binance: Best Exchange With A Versatile Altcoin Portfolio 


Binance is a popular crypto exchange with an outstanding selection of coins. It is a good fit for advanced traders who need access to high-volume trades. Binance offers high spot trading volumes, professional tools, and order types. 

This exchange has a transparent fee structure with low fees. It offers premium account features, including discounts and staking rewards. Binance has a secure mobile app with access to professional tools. We recommend it for seasoned crypto traders, as it has limited learning tools. 

04. CEX IO: Best Exchange With Most Asset Classes 


CEX IO is a leading exchange with an impressive selection of coins, professional features, and collateral loans. It offers access to 90 crypto asset classes. CEX IO has a cross-platform trading service and access to advanced crypto trading tools. 

CEX IO is a trustworthy provider with reliable platforms. It has high trading costs for debit/credit card transactions. The deposit fee is 2.99%, while the withdrawal fee is 3%. CEX IO account holders receive staking rewards and discounts. 

05. Bittrex: Best Secure Trading Platform 


Bittrex is a centralized crypto exchange with secure services and platforms. It has an outstanding reputation and uses premium safety protocols. Bittrex is a crypto-to-crypto exchange for traders at all levels. It offers digital wallet services and automated trading. 

Bittrex has a proprietary platform available on iOS and Android devices. It has a user-friendly design and access to advanced tools. Bittrex offers limited learning tools. It is a good fit for high-net-worth traders and active traders. 

06. Coinmama: Best User-Friendly Platform 


Coinmama is a popular cryptocurrency exchange with straightforward services. It is a top choice for crypto enthusiasts searching for high-security standards. Coinmama has average trading fees and charges different commissions. 

Coinmama has a simple trading platform with access to beginner-friendly services. It doesn’t offer professional tools, and it doesn’t have an e-wallet. 

How To Pick A Crypto Exchange? 

The main aspects to consider when picking a crypto exchange include costs, platforms, mobile apps, deposits & withdrawals, assets, customer service, security, and liquidity. 

Fees: You should avoid exchanges with high fees on trades, hidden costs, and overnight fees. 

Trading Platforms: Platforms need to be straightforward and intuitive. Choose an exchange with fast executing platforms and user-friendly designs. 

Mobile Trading: Look for access to an intuitive mobile app. Apps need to offer the same tools and charts as their web versions. 

Deposit & Withdrawal: Select an exchange that has access to your preferred funding options with low costs and no commission. 

Assets: You should choose a crypto exchange with coverage of many asset classes. Providers who don’t offer popular altcoins are riskier.

Customer support: New and intermediate crypto traders need access to knowledgeable customer support. Look for an exchange with professional customer support available in your language. 

Liquidity: High trading volumes and liquidity ensure the ability to sell your crypto assets. 

Security: We recommend you choose a regulated exchange offering penetration tests, proof of funds, and a clean track record. 

Regulation Of Cryptocurrency Exchanges in Russia

The Central Bank of Russia (CBR) is the main financial regulatory authority that regulates all financial activities in Russia. It oversees all financial transactions, including online trading. The CBR has a pilot program to create a digital central bank currency, the Digital Ruble. The Ministry of Finance in Russia supported the CBR’s actions and introduced a bill “On Digital Currency” in February 2022. The goal is to set up clear rules for cryptocurrency trading in the country. 

All exchanges registered in Russia have to comply with the AML and CTF standards of the Digital Currency Exchange Register. They need to be authorized by the CBR and follow strict rules. 

Is Cryptocurrency trading legal in Russia?

Trading cryptocurrency in Russia is legal in 2022. Before 2022, the Russian government had banned digital coins. This ban occurred despite the Russian-born Vitalik Buterin creating Ethereum, the second-largest cryptocurrency in the world. The Ministry of Finance started to take the necessary steps to support the crypto economy. Crypto coins aren’t viewed as financial products but as consumer goods. These might be subject to capital taxation gains, but these regulations are unclear in 2022.

How to Start Trading With – WhiteBIT

WhiteBIT is the most popular crypto exchange in Russia because of zero hidden fees, copy trading tools, a demo account, and a beginner-friendly platform. Below are the steps you need to take to start trading on WhiteBIT

STEP 1: Open up the WhiteBIT Official Website 

Find the link to the WhiteBIT crypto section under this link here 

STEP 2: Click on the “Sign Up” Button 

Submit your email and create a password. If you have a Referral Code, you can add it in this section. Ensure you click on the terms and conditions necessary to create a WhiteBIT account. 

STEP 3: Verify Your Trading Account 

After creating an account, verify your email. Click on the confirmation button to confirm your registration.  

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 a whole Bitcoin to trade Bitcoin. 


We recommend WhiteBIT as the best cryptocurrency exchange platform in Russia. It has a competitive fee structure, a reliable platform, and intuitive services. Kraken is our second choice because of its industry-leading safety protocols and advanced mobile app.  


What Is A Centralized Exchange? 

A centralized exchange refers to a private provider offering trading platforms for cryptocurrencies. These exchanges follow strict rules and request identification, known as the Know Your Client rule. 

What Is A Decentralized Exchange? 

A decentralized exchange (DEX) is an exchange provider with no central control point. It functions as a server with a perfect copy of the entire exchange on multiple devices. DEXs use “automated market maker” protocols and user-contributed liquidity pools to allow trading without a central trading desk or order book. 
Decentralized exchanges don’t follow the rules of any regulatory body. They do not follow KYC rules. DEXs are difficult to hack directly but pose significant security risks if misused. If you choose to trade on a decentralized exchange, you risk losing all of your funds. 

How To Buy Cryptos Through An Exchange? 

Centralized exchanges allow you to buy cryptos with fiat currency deposits from a credit/debit card or bank account. These exchanges offer tools for swapping fiat and cryptocurrencies. If you choose to trade with a centralized exchange, use a “non-custodial wallet” to protect your funds if the exchange experiences a hack. 

Can You Own Crypto In Russia? 

Yes, you can own and buy crypto in Russia through a secure and licensed exchange. 

Is Crypto Legal Tender In Russia? 

The current regulation in Russia is unclear, but Bitcoin and other digital assets do not qualify as legal tender. With current geopolitical tensions, this may change soon. 


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 that offers both investing in stocks and crypto assets, 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 that can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading crypto assets is unregulated and therefore is not supervised by any EU regulatory framework.

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Braden Chase is an investor, trading specialist, and former research specialist for who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.


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