Page Summary
In this guide, we go over the best crypto exchanges in Yemen. 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 6 Crypto Exchanges In Yemen
- Crypto.com – is the best crypto exchange for multiple assets. Competitive tools, safe mobile trading app
- Coinmama – offers high-security standards. Excellent platform with an intuitive interface.
- KuCoin – is the best centralized exchange for cryptocurrency trading. Limited portfolio, competitive prices.
- Gemini – In-house hot wallet, access to different coins
- Binance – Well established cryptocurrency trading platform with large trading volumes and liquidity.
- Cash App – Best tool set for beginners beginners. Easy to use Bitcoin trading platform.
Best Crypto Exchanges Yemen – List
| Exchange | Overall Score | General info | Fees (Maker/Taker) | Spot Volume (BTC) | |
| #1 | Crypto.com | 4.3 | Best For Asset Diversity | 1.8%/2.75% | $68,571 |
| #2 | Coinmama | 2 | Best Security Standards | 0.01%/0.00% | $808,571 |
| #3 | KuCoin | 4 | Best centralized exchange for cryptocurrency trading | 1.8%/2.75% | $68,571 |
| #4 | Gemini | 4.5 | In-house hot wallet, access to different coins | 0.01%/0.00% | $808,571 |
| #5 | Binance | 4.3 | Best Altcoin Portfolio | 0.1% /0.1% | $806,899,070 |
| #6 | Cash App | 4.7 | Best For Beginners | 1.8%/2.75% | $68,571 |
This section below breaks down the best crypto trading platforms in Yemen beginning with the best rated…
1. Crypto.com – Is the best crypto exchange for multiple assets
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
2. 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
3. Kucoin – Best centralized exchange for cryptocurrency trading
KuCoin is a centralized cryptocurrency exchange which operates in over 200 countries worldwide, except for the USA. It offers access to a wide range of different coins, futures, staking and margin trading. KuCoin fees are competitive. New users get free USDT coins on first deposit over $500. Deposits are free.
Although KuCoin is considered safe, it has no operating license in the US. It does not allow deposits in USD and has bad reviews when you search it on Google.
Pros
- Great offer of different trading instruments
- Very competitive trading fees
- Easy sign-up process
- Very good trading platform
- Very good educational resources
- Very good choice of deposit and withdrawal methods
- Very good trading volumes
- Great mobile trading platform
- Never being hacked
Cons
- Limited choice of deposit and withdrawal methods
- Suffered a major hacking incident in 2020
- Not regulated
Key features
- Spot and margin crypto trading
- P2P (Peer-to-peer) crypto trading available
- Trading platform integrated with tradingview; automated trading available
- Beginner zone – Educational resources for trading beginners
- Staking, loans, Crypto earn, cloud mining
4. Gemini – In-house hot wallet, access to different coins
Gemini is a reputable cryptocurrency exchange with great security features, easy to use trading interface and its own in-house hot wallet. Users’ funds are completely covered from the hot wallet in the event of a security issue. Gemini offers access to over 100 different coins wich is not enough for most experienced traders. Trading fees are high.
Pros
- Well regulated
- Highest security standards
- Trading platform is easy and intuitive to use
- Very good crypto wallet
- Very good mobile application
Cons
- Derivatives are not available
- Trading fees are above industry average
- Slow customer support
Key features
- Spot crypto trading
- It an online crypto wallet where you can buy, sell, store and exchange most popular cryptocurrencies
- Automated trading
- Gemini pay service
- Provide set of services for corporations, wealth and asset managers and hedge fund managers
- Proprietary Gemini USD token
5. Binance – Best Platform to Buy Cryptocurrency in Yemen
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.
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
6. Cash App – Best Crypto Trading App
Cash App is a global financial platform which offers crypto trading and other financial services and is a great choice for those, who are looking to buy digital assets on an easy to use platform . Cash App is a peer-to-peer money transfer system offering flexible solution to withdraw funds to main crypto wallets and also buy and sell cryptocurrency at the same time.
Cash App offers access to the most traded cryptocurrency assets, including Bitcoin, Ethereum, Ripple NFT’s, Shiba Inu and most Altcoins. Their crypto trading app is interactive, easy to use and beginner-friendly. Trading costs are average and you can expect additional fees compared to traditional crypto exchanges. Advanced trading features like different order types, limit orders, standing orders, crypto staking, margin trading and storage options are missing.
Cas app lets users directly deposit money their bank account and use tax filling tools.
Pros
- Easy to use, beginner freindly
- High security standards
- Simple sign-up process
- Instant payments
Cons
- Bitcoin is only crypto available
- Bitcoin trading fees are above industry average
- Not suitable for advanced Crypto traders
- This cannot be considered as an crypto exchange rather than application to buy bitcoin
Key features
- This is not an classical Crypto exchange rather an application form making payments and for investing in bitcoin and stocks
- Paying service
- Investing in stocks
- Credit card
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 Yemeni Citizens
A trustworthy cryptocurrency exchange for Yemeni citizens is government-regulated and has a trading licence. Larger exchanges have a banking history.
Regulation Of Cryptocurrency Exchanges in Yemen
The Central Bank of Yemen (CBY) has no policy in place for cryptocurrency trading. This means users can freely buy and trade crypto at any of the cryptocurrency exchanges mentioned in this guide without any legal repercussions.
Is Cryptocurrency trading Legal in Yemen?
Cryptocurrency trading in Yemen is legal. There are currently no laws forbidding cryptocurrency trading in Yemen. We do recommend that Yemeni citizens be aware of the risks involved when trading cryptocurrencies.
How to Start Trading With – Crypto.com?
Crypto.com is the most popular crypto exchange in Yemen 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
STEP 2: Click on the “Get Started” Button
STEP 3: Verify Your Trading Account
To buy cryptocurrency 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 Crypto.com as the best crypto exchange for Yemeni crypto enthusiasts. They offer brokerage and exchange services at the same time along with zero commission fee trades, advanced copy trading tools, a user friendly platform and availability of 40 different crypto asset classes. Coinmama comes in at 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
What is the most accurate crypto exchange in Yemen?
Crypto.com is the most accurate crypto exchange in Yemen. It offers real-time cryptocurrency prices at which traders can trade without any form of delay.
What crypto exchange is the best for day trading?
The best day trading crypto exchange in Yemen is Crypto.com, followed by Coinmama.
Is Binance or Coinbase better?
We recommend that Yemeni traders and investors trade crypto at Crypto.com
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 Yemen?
If you want to cash out crypto in Yemen, you’ll have to use an exchange that supports withdrawals in your fiat currency. BitOAsis lets users in Yemen, the United Arab Emirates, Kuwait, Bahrain, and Saudi Arabia withdraw Yemeni Rial 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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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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