The global surge in cryptocurrency adoption has led to a significant increase in the popularity of cryptocurrency exchanges. For Egyptian users, the landscape has evolved considerably since regulatory changes in 2019, providing access to a broader range of platforms. However, with hundreds of options available, selecting the right exchange for buying, selling, or trading digital assets can be a complex task.
To simplify this process, we have analyzed and compiled a list of the top cryptocurrency exchanges available to users in Egypt. Our evaluation focuses on critical factors such as value for money, diverse features and products, high security standards, and convenient payment methods. The Central Bank of Egypt serves as the regulatory authority for crypto exchanges in the region. Read on to learn more about these platforms and how to navigate the Egyptian crypto market.
Top Cryptocurrency Exchanges in Egypt
After analyzing over 100 exchanges, we have identified the leading platforms for Egyptian users. Below, we explore what makes each of these exchanges stand out.
1. Bybit – Best Overall Exchange
Launched in 2018, Bybit is a centralized cryptocurrency trading platform serving over 10 million users globally, including a significant number in Egypt. The platform boasts a 24-hour trading volume of over $678 million and supports more than 100 crypto assets through its spot and derivatives markets. Egyptian users appreciate Bybit for its convenient payment options and responsive customer support.
Key offerings include copy trading, spot trading, derivatives, USDC futures and options, earning products, launchpad services, and an NFT marketplace. The exchange supports over 100 cryptocurrency tokens and more than 300 spot trading pairs.
A standout feature is the Unified Trading Account (UTA), which allows users to seamlessly access various options such as margin trading, spot trading, USDC perpetual contracts, and USDC options. Bybit supports deposits in Egyptian Pounds (EGP) and charges no fees for P2P transactions or fiat deposits and withdrawals. Trading fees vary depending on the type of transaction.
Supported Cryptocurrencies: 400+
Futures Contracts: 225+
Maximum Leverage: 125x
Spot Trading Fee: 0.10% maker / 0.10% taker
Futures Trading Fee: 0.02% maker / 0.055% taker
Deposit & Withdrawal Methods: EGP deposits via Advcash, credit cards, Revolut, SEPA, and bank transfers; withdrawals via Advcash and Zen.
Licensing & Regulation: Headquartered in the UAE and registered in the British Virgin Islands; fully licensed as a Money Services Business (MSB) by FinCEN.
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2. Bitget – Best for Beginner Traders
Based in Singapore, Bitget has gained popularity for its commission-free copy trading feature. The platform has over 20 million registered users and a 24-hour trading volume exceeding $400 million. Low trading fees make it an attractive option for Egyptian traders.
Bitget offers a range of services, including coin-to-coin trading, futures, margin trading, spot trading, and copy trading. Additional features include Launchpool, AI trading bots, earning programs, and Launchpad services. The exchange supports over 500 cryptocurrency tokens and more than 500 spot trading pairs.
The platform accepts EGP deposits, making it convenient for Egyptian users. Spot trading fees are 0.1%, while maker/taker fees for futures range from 0.02% to 0.06%. Withdrawal fees depend on the chosen currency and network.
Supported Cryptocurrencies: 550+
Futures Contracts: 240+
Maximum Leverage: 125x
Spot Trading Fee: 0% (for copy trading) / 0.10% standard
Futures Trading Fee: 0.02% maker / 0.06% taker
Deposit & Withdrawal Methods: EGP deposits via debit/credit cards, bank transfers, and cryptocurrencies.
Licensing & Regulation: Holds multiple regulatory licenses globally, including in Australia, the US, and Canada; fully licensed as an MSB by FinCEN.
3. Kraken – Feature-Rich Exchange
Established in 2011, Kraken offers a diverse range of services to over 8 million users worldwide, including support for more than 190 countries. The exchange is accessible to Egyptian users and has a 24-hour trading volume of over $460 million.
Kraken’s products include margin trading, futures, over-the-counter (OTC) trading, and API trading. It also features an NFT marketplace and provides staking rewards. The platform offers three account types: Kraken, Kraken Pro, and Kraken Classic.
Instant buy options are available for Express, Intermediate, and Pro account holders. Egyptians can deposit funds using Visa/Mastercard debit or credit cards, digital wallets, or ACH bank transfers. Fees for instant buys are 0.15% for crypto assets and 0.9% for stablecoins.
Supported Cryptocurrencies: 200+
Futures Contracts: 100+
Maximum Leverage: 5x
Spot Trading Fee: 0.00%–0.16% maker / 0.10%–0.26% taker
Futures Trading Fee: 0.00%–0.02% maker / 0.01%–0.05% taker
Deposit & Withdrawal Methods: Visa/Mastercard, Google Pay, Apple Pay, and bank transfers.
Licensing & Regulation: Regulated by the FCA, FINTRAC Canada, AUSTRAC Austria, ADGM FSRA, CySEC, and FinCEN.
4. Binance – Wide Range of Trading Options
Founded in 2017, Binance is one of the largest cryptocurrency exchanges globally, with a 24-hour trading volume of over $3.6 billion. The platform serves more than 150 million users across 180+ countries.
Binance offers a comprehensive suite of products, including spot trading, margin trading, futures trading, Launchpad, Earn programs, P2P trading, and an NFT marketplace. The exchange accepts EGP deposits, and users can buy cryptocurrencies using debit/credit cards, Google Pay, Apple Pay, or cash balances. Deposit fees are 0%, while withdrawal fees vary based on the network used.
Supported Cryptocurrencies: 350+
Futures Contracts: 50+
Maximum Leverage: 120x
Spot Trading Fee: 0.10% maker / 0.10% taker
Futures Trading Fee: 0.02% maker / 0.04% taker
Deposit & Withdrawal Methods: EGP deposits via debit/credit cards, Apple Pay, and Google Pay.
Licensing & Regulation: Regulated by various international authorities, including the ISCMA.
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5. Coinbase – User-Friendly for Beginners
Launched in 2012, Coinbase has over 100 million users from 98 countries, including Egypt. The platform is known for its secure storage and trusted crypto交易 services, with a 24-hour trading volume of over $539 million.
Coinbase offers more than 35 products for individuals, businesses, and developers. Key features for individual users include buying and selling cryptocurrencies, wallet functionality, and an NFT marketplace. Advanced Trading provides access to more market pairs and enhanced staking rewards.
Maker fees range from 0% to 0.4%, while taker fees are between 0.05% and 0.60%. EGP deposits via SWIFT and ACH are free, while wire transfers incur a $10 fee.
Supported Cryptocurrencies: 150+
Maximum Leverage: 3x
Spot Trading Fee: 0%–0.4% maker / 0.05%–0.60% taker
Deposit & Withdrawal Methods: EGP deposits via bank transfers, iDeal, credit/debit cards, and other methods.
Licensing & Regulation: Licensed by the New York State Department of Financial Services and regulators in Canada, the UK, Germany, Ireland, Australia, and Singapore.
Is Cryptocurrency Legal in Egypt?
Cryptocurrency regulations in Egypt are governed by the Central Bank of Egypt and Banking Law No. 194 of 2020. The law prohibits the creation, promotion, or trading of cryptocurrencies without a license. The Central Bank of Egypt regulates the use of digital currencies in the country.
According to the bank, it has not issued any licenses or granted permission for cryptocurrency trading in the Egyptian market. The ban is partly due to concerns about volatility, electronic piracy, and financial crimes associated with digital assets.
There are no specific taxes on cryptocurrencies. However, income generated from cryptocurrency transactions may be subject to standard capital gains tax under existing tax regulations. Egyptian investors and traders should consult local tax advisors for guidance.
How to Buy Cryptocurrency in Egypt
Purchasing cryptocurrency in Egypt is straightforward when you follow the right steps. Here’s a step-by-step guide:
- Choose a Cryptocurrency Exchange: Select a platform that accepts Egyptian users and supports EGP deposits. Bitget is a strong choice due to its low fees and user-friendly interface.
- Register and Complete Verification: Sign up on a reputable platform and complete the KYC (Know Your Customer) process. This typically requires providing a government-issued ID, such as a passport or driver’s license. For higher withdrawal limits, proof of address may be needed.
- Buy Cryptocurrency: Navigate to the spot market section of the exchange and convert EGP into a cryptocurrency like Bitcoin. Payment methods include debit/credit cards, bank transfers (SEPA or SWIFT), and other supported options.
- Store Your Cryptocurrency: While exchanges offer built-in hot wallets, consider using a cold wallet (e.g., Nano X) for enhanced security. Cold wallets keep your private keys offline, protecting them from cyber threats.
Frequently Asked Questions
Is cryptocurrency trading legal in Egypt?
Yes, cryptocurrency trading is legal in Egypt, but it is regulated by the Central Bank of Egypt. Platforms operating in the country must comply with local laws and licensing requirements.
What is the best cryptocurrency exchange for beginners in Egypt?
Bitget and Coinbase are excellent choices for beginners due to their user-friendly interfaces, educational resources, and low fees.
Can I use Egyptian Pounds (EGP) on these exchanges?
Yes, most of the top exchanges, including Bybit, Bitget, and Binance, accept EGP deposits through various payment methods.
Are there any taxes on cryptocurrency profits in Egypt?
While there are no specific cryptocurrency taxes, profits from trading may be subject to capital gains tax under existing tax laws. Consult a local tax advisor for detailed guidance.
How do I ensure the security of my crypto assets?
Use exchanges with strong security measures, enable two-factor authentication (2FA), and store large holdings in a cold wallet for added protection.
What payment methods are available for Egyptian users?
Common payment methods include debit/credit cards, bank transfers, and P2P transactions. Some exchanges also support digital wallets and other local options.
Conclusion
In summary, cryptocurrency trading in Egypt is both legal and accessible through reputable platforms like Bybit and Bitget. These exchanges offer a combination of regulatory compliance, diverse features, and user-friendly interfaces, making them ideal for both beginners and experienced traders.
Based on our analysis, Bybit stands out as the best overall platform due to its extensive cryptocurrency selection, low fees, and innovative features like the Unified Trading Account. For advanced traders, Kraken and Binance provide robust trading tools, while Coinbase and Bitget are excellent options for those new to the crypto space.
Always prioritize security by using verified platforms and storing your assets wisely. Happy trading!