Summary
Cryptocurrency trading in Bangladesh operates in a legally restricted environment, with the Bangladesh Bank maintaining strict oversight. While crypto transactions are not explicitly illegal, the central bank discourages trading. Popular payment methods include P2P trading and international wire transfers. The Bangladesh Financial Intelligence Unit (BFIU) monitors crypto-related activities. For traders seeking the best crypto exchanges in Bangladesh, these platforms offer reliable services:
Best Crypto Exchanges in Bangladesh
Cryptocurrency trading in Bangladesh requires careful consideration of platform selection due to specific regulatory requirements and payment method restrictions. While the Bangladesh Bank maintains a cautionary stance on cryptocurrency trading, several international exchanges provide services to Bangladeshi traders with support for local payment methods and the Bangladeshi Taka (BDT).
The following comparison table presents detailed information about leading cryptocurrency exchanges accessible to Bangladeshi users:
1. Binance
Users:
200m
Free Demo:
Mobile App:
Bonus:
$100
Cryptos:
400+
Leverage:
125x
Spot Fees:
0.1%
Futures Fees:
0.02%/0.05%
Pros
- Most comprehensive crypto exchange
- Most advanced features and products
- 24/7 customer support
- 400+ cryptocurrencies
- Reputable with over 200 million users
- Best liquidity
Cons
- Not beginner friendly
- Restricted in many regions due to regulations
- EU traders must use BNFCR for futures trading
Overview
Reaching over 200 million registered users in 2024, Binance is by far the largest crypto exchange in the world. The platform is incredibly comprehensive, offering crypto traders all the tools they need to make a profit in the crypto market.
With over 400 cryptocurrencies to trade, leverage of up to 125x, directly integrated charts from TradingView with tons of technical analysis tools, and many more features, Binance has secured its spot as one of the best crypto exchanges.
Binance offers a wide variety of products, including spot, margin, futures, and options trading, staking, lending, P2P, automated bot trading, copy trading, and even an NFT marketplace. It is safe to say that crypto geeks will find everything they are looking for on Binance.
The trading fees on Binance are very affordable. Binance charges 0.1% trading fees on the spot market (makers and takers alike), which is the industry standard. Where Binance excels is the futures market with fees of only 0.02% for makers and 0.05% for takers.
2. MEXC
Users:
15m
Free Demo:
Mobile App:
Bonus
$20,000
Cryptos:
2400+
Leverage:
200x
Spot Fees:
0.02%
Futures Fees:
0%/0.02%
Pros
- Lowest Trading Fees
- 2000+ supported crypto assets
- 200x leverage and deep liquidity
- 24/7 customer support
- Best for altcoin and leverage trading
Cons
- Not available in the US
- Newly launched coins pose high risk
- May request KYC in the future
Overview
MEXC is known as the crypto exchange with the lowest fees. What makes MEXC stand out is its 0% maker fee offer, meaning you can trade without any fees. However, the spot and futures taker fees start at 0.02%. No crypto exchange can compete with the MEXC fee structure.
If you are a day trader seeking high leverage, MEXC may be one of your best options. With 200x leverage over 400 futures contracts and by far the lowest fees, MEXC is truly a day trading heaven.
Even if you are not interested in leverage trading, MEXC has you covered with over 2000 supported cryptocurrencies on the spot market. While MEXC offers tons of new altcoins, we recommend being cautious as the legitimacy of newly listed projects may be questionable.
All in all, MEXC is arguably the best option for high-frequency traders seeking low fees to get the best value for money.
3. Bybit
Users:
40m
Free Demo:
Mobile App:
Bonus
$30,000
Cryptos:
600+
Leverage:
100x
Spot Fees:
0.1%
Futures Fees:
0.02%/0.055%
Pros
- Low fees
- 600+ supported crypto assets
- 100x leverage and deep liquidity
- Advanced order types and additional features
- Great 24/7 customer support
- Automated copy trading
Cons
- Regulatory uncertainty in Europe and USA
- May be confusing for beginners
- Cryptocurrency investments carry high risks
Overview
Bybit stands out as one of the most advanced crypto exchanges with deep liquidity and low fees. Bybit users can trade Spot, Futures, Options, NFTs, and even Inscriptions. Additionally, Bybit offers copy trading and bot trading to automate your income streams. Bybit copy trading is one of the best in the crypto industry.
Where Bybit excels is its derivatives platform with 320+ perpetual futures contracts and up to 100x leverage. With advanced order types such as TWAP or Iceberg orders, Bybit caters to experienced traders seeking the best options.
On the spot market, Bybit supports over 500 cryptos and up to 10x margin, making Bybit a versatile crypto exchange.
With low fees of 0.1% maker and 0.1% taker for spot trading and 0.02% maker and 0.055% taker for futures trading, Bybit has highly competitive fees. To top it all off, Bybit offers fee discounts based on your 30-day trading volume. The more you trade, the more you save.
4. Gate.io
Users:
30m
Free Demo:
Mobile App:
Bonus:
$200
Cryptos:
2100+
Leverage:
150x
Spot Fees:
02%
Futures Fees:
0.015%/0.05%
Pros
- 2100+ supported cryptos
- Very comprehensive crypto exchange
- Copy trading allowed
- 150x leverage
- Fiat deposit methods
Cons
- Lacks advanced features
- Very high spot trading fees
- Poor liquidity
- Very complicated to use
Gate.io Overview
Gate.io is a true powerhouse for altcoin traders with its massive support for over 2100 cryptocurrencies. If you are an altcoin trader, Gate.io will be your new home.
Founded in 2013, Gate.io has established itself as a trusted name in the crypto industry, serving millions of users across more than 130 countries.
With a wide array of trading options, including spot, futures, options, and decentralized finance (DeFi) products, Gate.io caters to both novice and experienced traders. The exchange supports over 2000 cryptocurrencies and consistently ranks among the top exchanges by trading volume.
Beyond trading, Gate.io offers additional services like staking, lending, and an NFT marketplace. With its user-friendly interface, competitive fees, and commitment to compliance with global regulations, Gate.io continues to be a go-to destination for cryptocurrency enthusiasts worldwide.
Spot trading fees on Gate.io start at 0.2% for makers and takers, while futures fees start at 0.02% for makers and 0.05% for takers.
5. Bitget
Users:
23m
Free Demo:
Mobile App:
Bonus
$6,200
Cryptos:
840+
Leverage:
125x
Spot Fees:
0.1%
Futures Fees:
0.02%/0.06%
Pros
- Over 800 cryptos
- Fair trading fees
- Great for EUR SEPA transfers
- 24/7 customer support
- Very beginner friendly
Cons
- Not available in the US
- No TWAP order supported
- Mandatory KYC for new accounts
Overview
Bitget is a true powerhouse for crypto traders from over 100 supported countries. What makes Bitget special is its beginner-friendly trading platform, which has over 800 supported cryptocurrencies. With so many supported cryptocurrencies, if you are looking to trade altcoins, Bitget might be one of your best shots.
With fiat support for 6 currencies, including EUR and RUB, Bitget is a top choice, especially for European users looking to deposit and withdraw funds in their native currency with ease. The 0% fee for SEPA transactions makes Bitget stand out. Credit card payments are also supported.
Experienced crypto traders can trade futures contracts on Bitget with 125x leverage on selected assets such as Bitcoin or Ethereum.
The spot trading fees start at 0.1% for makers and takers, which is very common in the industry. For futures traders seeking leverage for their day trading activities, Bitget charges very low fees of 0.02% maker and 0.06% taker.
Is Crypto Legal and Regulated in Bangladesh?
Cryptocurrency operates in a complex legal environment in Bangladesh. The Bangladesh Bank, the country’s central bank, issued a circular in 2017 declaring that cryptocurrency transactions are not authorized under the Foreign Exchange Regulation Act 1947 and the Money Laundering Prevention Act.
The Bangladesh Financial Intelligence Unit (BFIU) actively monitors cryptocurrency transactions and has implemented strict measures against unauthorized crypto trading. Financial institutions are prohibited from facilitating cryptocurrency transactions, and the Bangladesh Bank has instructed banks to report any suspicious crypto-related activities.
While private ownership and trading of cryptocurrencies are not explicitly illegal, the regulatory stance remains restrictive. The Bangladesh Securities and Exchange Commission has not established a framework for cryptocurrency trading, leaving the market largely unregulated.
Is Crypto Taxable in Bangladesh?
The taxation of cryptocurrency in Bangladesh exists in a regulatory grey area. The National Board of Revenue (NBR) has not established specific guidelines for cryptocurrency taxation. However, income from any source, including potential cryptocurrency gains, may be subject to taxation under the Income Tax Ordinance 1984.
Current tax implications for cryptocurrency trading in Bangladesh include:
- Capital gains from cryptocurrency trading may be taxed at regular income tax rates (10% to 25%)
- Business income from crypto trading could be subject to corporate tax rates (32.5%)
- International transfers related to cryptocurrency may face additional scrutiny
Disclaimer:
Tax laws are subject to change, and individual circumstances may vary. It is strongly advised to consult with a qualified tax professional or financial advisor for personalized guidance on cryptocurrency taxation in Bangladesh.
How to Buy Crypto in Bangladesh
Despite regulatory restrictions, Bangladeshi residents can purchase cryptocurrencies through international exchanges. Binance offers the most comprehensive service for Bangladesh-based users, with support for BDT and various payment methods.
- Select a Cryptocurrency Exchange: Choose a platform that accommodates BDT and provides appropriate payment options. Ensure you understand the KYC requirements and security measures in place.
- Register Your Account: Set up your account and verify your identity using the necessary documentation, such as a National ID, passport, and proof of address.
- Deposit Funds: Utilize P2P trading platforms to convert BDT into cryptocurrencies or take advantage of international wire transfer options when available.
- Pick Your Cryptocurrency: Choose from well-known options like Bitcoin (BTC), Ethereum (ETH), or stablecoins such as USDT.
- Execute Your Trade: Place your order at your desired price and quantity.
- Ensure Secure Storage: Transfer your purchased cryptocurrencies to a secure wallet for long-term safekeeping.
Best Crypto Wallets in Bangladesh
Securing cryptocurrencies through trustworthy wallets is crucial for traders in Bangladesh. Here are some recommended choices:
Hardware Wallets:
- Ledger – Offers top-notch security features along with broad coin compatibility
- Trezor – Known for its intuitive interface and robust security measures
Software Wallets:
- Trust Wallet – A mobile wallet that incorporates DeFi functionality
- Exodus – A desktop wallet equipped with built-in exchange capabilities
- MetaMask – A browser extension wallet specifically for Ethereum and ERC-20 tokens
Bottom Line
For traders seeking the best crypto exchanges in Bangladesh, Binance stands out as the primary choice, offering extensive P2P trading options with BDT support, competitive fees starting at 0.1%, and a robust security infrastructure. MEXC serves as a strong alternative with maker fees as low as 0.02% and advanced trading features including spot, futures, and margin trading options. Both platforms provide reliable services while maintaining compliance with local regulations and offering suitable payment methods for Bangladeshi users, including bank transfers, mobile banking solutions like bKash and Nagad, and international card payments.
