Page Summary
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
- OKX – Best For Low Trading Fees
- Kraken – Sophisticated trading tools for experienced investors.
- Binance – Well-established cryptocurrency trading platform with large trading volumes and liquidity.
- CEX IO – Best automated crypto trading tools. Great assets coverage and crypto margin trading.
- Bittrex – Versatile portfolio and secure trading platforms.
- Coinmama – Best security standards.
Best Crypto Exchanges In Russia – List
| Exchange | Overall Score | General info | Fees (Maker/Taker) | Spot Volume (BTC) | |
| #1 | OKX | 3.1 | Best exchange overall | 0.8% /0.8% | $790,030,092 |
| #2 | Kraken | 4.5 | Most trusted exchange | 0.16%/0.26% | $53,964,331 |
| #3 | Binance | 4.3 | Best altcoin portfolio | 0.1% /0.1% | $806,899,070 |
| #4 | CEX IO | 4.6 | Most asset classes | 0.01%/0.00% | $808,571 |
| #5 | Bittrex | 4.7 | Versatile portfolio and secure trading platforms | 0.16%/0.1% | $23,118,221 |
| #6 | Coinmama | 2 | Best security standards | 0.01%/0.00% | $808,571 |
This section below breaks down the best crypto trading platforms in Russia, beginning with the best rated – OKX.
1. OKX – Top Crypto Platform for Low Trading Fees
OKX is a Malta-based cryptocurrency exchange established in 2014 that offers users access to crypto spot, futures, and derivatives trading. Besides offering access to over 600 cryptocurrencies, OKX users can trade with NFT’s and various crypto 2.0 products including crypto perpetuals, crypto swaps, and crypto options. Users can also generate a passive income using high yield crypto savings accounts, stablecoin staking, and liquidity farming.
OKX charges competitive trading fees of 0,08% maker/taker, that can be further reduced by up to 0,02% by holding OKT tokens. This makes them one of the cheapest crypto exchanges in the industry.
OKX also has a deep liquidity (currently ranked 5 in trading volume) and a slippage score of 500 that guarantees order execution even on the smallest altcoins.
Pros
- Competitive fees (0.8% maker/taker)
- Great availability of coins (600+)
- Simple trading features for beginners
- Advanced trading features and charting tools
- Great passive income options (staking, liquidity mining)
- Access to NFTs, perpetuals, swaps and options
Cons
- Low liquidity for certain coins
Key features
- 600+ available digital assets
- Industry lowest trading fees (0.08-0.10% maker/taker fee)
- Deep liquidity levels
- Passive income options (staking, and liquidity farming, high yield crypto saving)
- Integrated NFT trading platform
- Beginner to advanced trading features
2. 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.
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
3. 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.
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
4. 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.
Pros
- Regulated and licensed
- Very good deposit and withdrawal options
- Very good customer support
- Great choice for mobile trading
- Very good Crypto wallet
Cons
- Low security ratings, being hacked previously
- Low trading volumes
- Limited educational content
Key features
- Spot and derivative crypto trading
- Automated trading available
- Provides opportunity to earn cryptos (staking, saving)
- Crypto backed loans are available
- CEX.IO credit card
5. 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.
Pros
- Great choice of trading instruments
- Very good trading platform
- Very good security standards
- Good choice of deposit and withdrawal methods
- Very good mobile trading platform
- Easy signup process
Cons
- No margin trading (Crypto derivatives)
- Being hacked previously
- Limited customer support
- Trading fees are higher than average
- Lacking some advanced features (savings, staking …)
Key features
- Spot Crypto trading
- Trading platform integrated with tradingview; automated trading available
6. 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.
Pros
- Well regulated and licensed
- Easy to use trading platform
- Very good choice of deposit and withdrawal methods
- Good mobile application
- High levels of security
- Very good crypto wallet
Cons
- Limited number of crypto trading instruments
- Margin trading is not available
- Higher trading fees
- Not convenient for active traders
- No phone customer support
- Lacking some advanced features (savings, staking… )
Key features
- Spot crypto exchange for crypto investors (not traders)
- It an online crypto wallet where you can buy, sell, store and exchange most popular cryptocurrencies
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. Before 2022, the Russian government 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.
How to Start Trading With – OKX
OKX 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 OKX.
STEP 1: Open up the OKX Official Website
Find the link to the OKX crypto section.
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 OKX 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.
Conclusion
We recommend OKX 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.
FAQ
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.
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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.
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