Best Crypto Exchange in Syria

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

  1. CEX IO – Best automated crypto trading tools. Great assets coverage and crypto margin trading.
  2. Crypto.com – Competitive tools, safe mobile trading app
  3. BitOasis – Best Exchange For Low Fees
  4. FTX – Advanced trading tools
  5. Coinmama – Excellent platform with an intuitive interface

Best Crypto Exchanges Syria – List

ExchangeOverall ScoreGeneral infoFees (Maker/Taker)Spot Volume (BTC)
#1CEX IO4.6Most asset classes0.01%/0.00%$808,571
#2Crypto.com4.3Competitive tools, safe mobile trading app1.8%/2.75%$68,571
#3BitOasis3.4Best Exchange For Low Fees1%/1%$1,949,225
#4FTX2Advanced trading tools0.16%/0.16%$45,934,113
#5Coinmama2Excellent platform with an intuitive interface0.01%/0.00%$808,571

This section below breaks down the best crypto trading platforms in Syria, 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. Crypto.com: Competitive tools, safe mobile trading app

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.


03. BitOasis: Best Exchange For Low Fees

bitoasis-rating

BitOasis is a well established cryptocurrency exchange with headquarters in the United Arab Emirates. It focuses on users from the MENA region. BitOasis is a crypto-to-crypto exchange and an online broker. They offer access to hand picked digital assets including Bitcoin, Ethereum, Ripple, Bitcoin Cash and Litecoin. Their trading platform is easy to use, intuitive and offers access to basic trading tools. Trading fees are above industry average.


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. Coinmama: Excellent platform with an intuitive interface

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.


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 Syrian Citizens

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

Regulation Of Cryptocurrency Exchanges in Syria

The Central Bank of Syria (CBS) which is the main financial regulatory body has not adapted any law regarding Bitcoin and cryptocurrencies. Cryptocurrency exchanges can offer services in Syria without a licence. You can buy and trade crypto at your own risk. We recommend only trading with the safe and reliable crypto exchanges mentioned in this guide.

Is Cryptocurrency trading Legal in Syria?

The use and trading of Bitcoin and other cryptocurrencies in Syria is legal but unregulated. This means you can buy, sell and hold crypto at your own risk. Cryptocurrencies can be used as legal tender in Syria.

How to Start Trading With – CEX.IO?

CEX.IO is the most popular crypto exchange in Syria. Below are steps you need to take in order to start trading…

STEP 1: Open up Official Website

STEP 2: Click on the “Get Started” Button

STEP 3: Verify Your Trading Account
To buy cryptocurrency using CEX.IO you need to open a trading accountverify 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 CEX.IO as the best crypto exchange for Syrian crypto enthusiasts. Crypto.com 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.

FAQ

Where can I buy Bitcoin in Syria?

You can buy Bitcoin and other cryptocurrencies in Syria. These are reliable cryptocurrency exchanges that provide fiat-on-ramp services, which means you can buy and invest in crypto with Syrian Pounds.

What Bitcoin wallet is allowed in Syria?

Bitcoin users can use the integrated crypto wallets. We recommend only keeping the crypto you actively trade on exchange wallets and storing the rest on a hardware wallet like the Ledger Nano X or Trezor Model T.

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 Syria?  

 If you want to cash out crypto in Syria, you’ll have to use an exchange that supports withdrawals in your fiat currency. BitOAsis lets users in Syria, the United Arab Emirates, Kuwait, Bahrain, and Saudi Arabia withdraw Syrian Pounds 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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