Page Summary
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
- CEX IO – Best automated crypto trading tools. Great assets coverage and crypto margin trading.
- Crypto.com – Competitive tools, safe mobile trading app
- BitOasis – Best Exchange For Low Fees
- OKX – Best For Low Trading Fees
- Coinmama – Excellent platform with an intuitive interface
Best Crypto Exchanges Syria – List
| Exchange | Overall Score | General info | Fees (Maker/Taker) | Spot Volume (BTC) | |
| #1 | CEX IO | 4.6 | Most asset classes | 0.01%/0.00% | $808,571 |
| #2 | Crypto.com | 4.3 | Competitive tools, safe mobile trading app | 1.8%/2.75% | $68,571 |
| #3 | BitOasis | 3.4 | Best Exchange For Low Fees | 1%/1% | $1,949,225 |
| #4 | OKX | 3.1 | Best For Low Trading Fees | 0.8% /0.8% | $790,030,092 |
| #5 | Coinmama | 2 | Excellent platform with an intuitive interface | 0.01%/0.00% | $808,571 |
This section below breaks down the best crypto trading platforms in Syria, beginning with the best rated…
1. 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.
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
2. Crypto.com – Competitive tools, safe mobile trading app
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.
Pros
- Highest security standards
- Great offer of crypto trading instruments
- Very good trading platform
- Very good research and educational tools
- Very good mobile trading application
- Very good wallet
Cons
- Slow customer service
- Very complex fee schedule (if you do not hold Cronos tokens fees are high)
- Difficult to navigate
Key features
- Spot and margin crypto trading
- Crypto payments
- Crypto.com Visa Credit Card
- Staking, crypto loans
- Proprietary Cronos tokens
3. BitOasis – Best Exchange For Low Fees
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.
Pros
- Fast registration and verification process
- Good if you want to trade in AED
- Very good mobile app
Cons
- Higher trading fees
- Limited number of Crypto trading instruments
- Lack some advanced features (savings, staking)
- No live chat or telephone support
Key features
- Spot crypto trading
- Focused on MENA region
4. 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
5. Coinmama – Excellent platform with an intuitive interface
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.
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 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 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.
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.
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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.
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