Summary
Cryptocurrency trading in Belize operates in a relatively permissive environment without specific regulations. The Central Bank of Belize maintains oversight of financial activities but has not implemented strict cryptocurrency regulations. The Belize dollar (BZD) is supported by several crypto exchanges, with bank transfers and credit cards being the primary payment methods. For traders seeking the best crypto exchanges in Belize, the following platforms offer reliable services:
Best Crypto Exchanges in Belize
Cryptocurrency trading in Belize has gained significant traction, with multiple exchanges offering services to local residents. The Belize dollar (BZD) is accepted by several major platforms, making it convenient for local traders to participate in the crypto market. Bank transfers and credit card payments remain the most efficient methods for Belizean users to fund their accounts.
1. Kraken
Users:
10m
Free Demo:
Mobile App:
Bonus:
None
Cryptos:
220+
Leverage:
100x
Spot Fees:
0.25%/0.4%
Futures Fees:
0.02%/0.05%
Pros
- Very beginner-friendly
- Low futures trading fees
- Free demo trading
- Fiat supported
- 24/7 customer support
- Fully regulated
Cons
- High spot trading fees
- Lacks advanced features
- Poor liquidity for futures trading
- Complicated Demo trading
Kraken Overview
Kraken stands out as one of the most beginner-friendly crypto exchanges. With an easy to understand UI, simple features, and a straightforward approach, Kraken has onboarded over 10 million users to its platform from all around the world.
Spot traders can access over 220 cryptocurrencies for buying and selling. For traders seeking more buying power, Kraken offers a leverage trading platform with up to 50x leverage on selected assets such as BTC.
In terms of fees, Kraken has a different approach for spot and futures trading. While spot trading fees are relatively high (0.25% maker and 0.4% taker), the futures fees are very low (0.02% maker and 0.05% taker). Based on your 30-day trading volume, you can obtain additional fee discounts.
What we love about Kraken is its comprehensive fiat support. You can deposit funds using your credit card or bank transfer. Once you are done trading, you can withdraw fiat currencies such as EUR or USD back to your personal bank account to lock in your profits.
2. 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.
3. BloFin
Users:
2m
Free Demo:
Mobile App:
Bonus:
$5,000
Cryptos:
400+
Leverage:
150x
Spot Fees:
0.1%
Futures Fees:
0.02%/0.06%
Pros
- Excellent for trading
- Very beginner friendly
- No KYC required
- 24/7 customer support
- Up to 150x leverage and deep liquidity
Cons
- Not good for passive income products
- Relatively new spot feature
Overview
Founded in 2019, Blofin is a no-KYC exchange where users can trade perpetual futures. With a recently added spot trading feature, as well as Copy trading for customers to enjoy, Blofin has earned a spot as a top contender in the crypto industry.
Blofin users can access 300+ trading pairs with leverage of up to 150x on the futures market. The exchange has a daily trading volume of $12.6 billion for futures trading, making Blofin one of the most active derivatives exchanges. The platform has integrated a user-friendly trading interface for both beginners and expert traders to navigate.
Blofin trading fees are set according to industry standards. For spot trading, a fee of 0.1% is incurred for both maker and taker, while for futures, the maker and taker fee is 0.02% and 0.06%.
What we love about Blofin is its generous VIP fee schedule, which allows traders to reduce their fees based on their 30-day trading volume.
4. 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.
5. Tapbit
Users:
500K
Free Demo:
Mobile App:
Bonus:
Upto $320
Cryptos:
352+
Leverage:
150X
Spot Fees:
0.10%/0.10%
Futures Fees:
0.02%/0.06%
Pros
- Wide range of supported cryptocurrencies
- Beginner-friendly platform
- Provides advanced trading tools
- Leverage up to 200x on derivatives and perpetuals
- Accept stablecoins with no hidden fees
Cons
- Fewer coins than global exchanges
- No advanced options like margin trading
- Not available in the US
Tapbit Overview
Tapbit is a cryptocurrency exchange that serves both spot and futures traders, supporting over 349 digital assets. The platform offers futures trading with leverage up to 150x, making it suitable for traders seeking significant position sizes.
The fee structure on Tapbit is competitive, with spot trading fees at 0.1% for both makers and takers. Futures trading comes with even lower costs at 0.02% maker and 0.06% taker fees. New users can access a $320 welcome bonus when joining the platform.
Tapbit’s features include a mobile application for trading on the go and advanced trading tools for technical analysis. The platform also integrates forex trading capabilities, expanding beyond traditional cryptocurrency markets. The absence of KYC requirements allows for quick account setup and maintains user privacy.
Key limitations include the platform’s relatively recent entry into the market and the lack of staking options. While the exchange serves 500,000+ users, it doesn’t offer passive income opportunities, which may affect long-term holders seeking yield on their assets.
The platform provides 24/7 customer support through live chat and email channels. However, Tapbit does not offer a demo account for users to practice trading strategies without risking real funds.
Is Crypto Legal and Regulated in Belize?
Cryptocurrency operations in Belize exist in a regulatory framework overseen by the Central Bank of Belize. While there are no specific cryptocurrency regulations, digital assets fall under the general financial services legislation. The International Financial Services Commission (IFSC) provides oversight for international financial operations, including crypto-related services.
The Belize Financial Services Commission requires cryptocurrency businesses to obtain appropriate licenses for operation. Trading cryptocurrencies is legal for individuals, with no restrictions on purchasing, holding, or selling digital assets. Financial institutions must comply with anti-money laundering (AML) and know-your-customer (KYC) requirements when dealing with cryptocurrency transactions.
Is Crypto Taxable in Belize?
Cryptocurrency taxation in Belize follows the guidelines established by the Belize Tax Service. Capital gains from cryptocurrency trading are subject to the standard capital gains tax rate of 25%. Regular trading activities may be classified as business income, taxed at the corporate rate of 30%.
Mining income is considered business revenue, requiring proper documentation and tax reporting. Cryptocurrency payments for goods and services are subject to General Sales Tax (GST) at 12.5%, calculated based on the market value at the time of transaction.
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 Belize.
How to Buy Crypto in Belize
Purchasing cryptocurrency in Belize is straightforward through Kraken, which offers comprehensive services for Belizean residents. The platform supports BZD deposits and provides access to major cryptocurrencies including Bitcoin, Ethereum, and USDT. The exchange maintains strict security protocols and offers competitive fees for Belizean traders.
- Select a cryptocurrency exchange: Verify BZD support and review KYC requirements. Consider trading fees, available trading pairs, and platform security measures. Ensure the exchange supports local payment methods including Atlantic Bank transfers.
- Complete registration: Submit identification documents for verification. Belizean residents typically need to provide a valid passport or driver’s license, proof of address not older than 3 months, and may require additional documentation based on deposit amounts.
- Fund your account: Use bank transfers or credit cards for BZD deposits. Local bank transfers typically process within 1-2 business days. Credit card deposits offer instant funding but carry higher fees (usually 3-5%). Some exchanges support Heritage Bank and Belize Bank transfers directly.
- Choose cryptocurrency: Select from Bitcoin, Ethereum, or other available assets. Consider market conditions and trading volumes. Popular trading pairs for Belizean traders include BTC/USD, ETH/USD, and USDT/BZD where available.
- Execute trades: Place market orders for immediate execution or limit orders to specify your preferred price. Monitor the order book and trading charts to optimize entry points. Most exchanges offer mobile apps for tracking positions.
- Secure your assets: Transfer to a personal wallet for safe storage. Consider the withdrawal fees and network congestion when timing transfers. Implement two-factor authentication and maintain secure backups of wallet access information.
Advanced traders can access additional features including spot trading, derivatives, and staking options. Monitor transaction limits and verify withdrawal procedures before depositing significant amounts.
Best Crypto Wallets in Belize
Securing cryptocurrency assets requires careful consideration of wallet options. Ledger hardware wallets provide optimal security through offline storage capabilities. The Ledger Nano X supports 5,500+ cryptocurrencies and includes Bluetooth connectivity for mobile management.
Trezor Model T offers another premium hardware solution, featuring a color touchscreen and support for 1,800+ assets. Both devices integrate with major exchanges for direct transfers.
For mobile access, Trust Wallet delivers comprehensive features including:
- Multi-cryptocurrency support with real-time market data
- Built-in DeFi platform access
- NFT storage capabilities
- Staking options for proof-of-stake tokens
Exodus desktop wallet combines security with functionality through:
- Integration with hardware wallets
- Built-in exchange functionality
- Portfolio tracking tools
- 24/7 customer support
MetaMask serves as an essential tool for DeFi participation, offering:
- ERC-20 token management
- Direct DEX access
- Web3 browser integration
- Custom network configuration options
Bottom Line
For traders seeking the best crypto exchanges in Belize, Kraken stands out with its regulatory compliance, comprehensive BZD support, and advanced security features including proof-of-reserve systems. Bybit offers competitive advantages through low trading fees starting at 0.01% for makers, advanced trading tools, and 24/7 customer support with local language options. Both platforms maintain high liquidity levels and provide reliable services for Belizean residents, ensuring efficient order execution and varied payment options supporting local currency transactions.
