Summary
Cryptocurrency trading is legal in Egypt, though with significant restrictions. The Central Bank of Egypt permits crypto trading but prohibits using cryptocurrencies for payments. Popular payment methods include bank transfers and credit cards, with most major crypto exchanges supporting Egyptian Pound (EGP). The Egyptian Financial Regulatory Authority (EFRA) oversees cryptocurrency regulations. Here are the best crypto exchanges in Egypt, ranked by security, fees, and available features:
Best Crypto Exchanges in Egypt
Selecting a reliable cryptocurrency exchange in Egypt requires careful consideration of security features, payment methods, and regulatory compliance. Egyptian traders need platforms that support local payment methods and offer competitive fees while maintaining strong security standards.
1. 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.
2. 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.
3. BYDFi
Users:
5m
Free Demo:
Mobile App:
Bonus:
$2,888
Cryptos:
600+
Leverage:
200x
Spot Fees:
0%/0.1%
Futures Fees:
0.02%/0.06%
Pros
- 0% Spot maker fees
- Very beginner friendly
- US and Canada supported
- 24/7 customer support
- 600+ cryptocurrencies
Cons
- No copy trading
- Lacks advanced features like hedge mode
Overview
BYDFi has become one of the most popular crypto exchanges due to its user-friendly design, low fees, and wide variety of 600 supported cryptos.
With a strong emphasis on accessibility, BYDFi offers its services to over 160 countries from all around the world. Some of these services include spot and futures trading, bot trading, and earning. For futures traders, BYDFi offers leverage of up to 200x, making it a great platform for seasoned professionals.
The intuitive interface, quick response time, and tons of advanced features make BYDFi a top-notch crypto exchange. If you are trading from the go, you can download the BYDFi mobile app from the iOS AppStore and Android PlayStore.
BYDFi charges the industry standard of 0.1% maker and taker fees on the spot market. If you want to enjoy lower fees, we recommend using the BYDFi futures market with fees of only 0.02% maker and 0.06% taker.
4. 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.
5. BitOasis
Users:
1M
Free Demo:
Mobile App:
Bonus:
Upto AED 100
Cryptos:
75+
Leverage:
Not Supported
Spot Fees:
0.40%/0.60%
Futures Fees:
Not Supported
Pros
- Simple and easy to use platform
- Advanced trading analytics
- Caters to Middle East clients with tailored services
- Users can deposit funds without fees
Cons
- No futures trading available
- Limited customer support
- Holds users' private keys, posing risks
BitOasis Overview
BitOasis stands as a leading cryptocurrency exchange in the Middle East, serving over 1 million users with access to more than 75 digital assets. The platform charges spot trading fees of 0.40% for makers and 0.60% for takers, positioning itself within the mid-range fee structure of regional exchanges.
The platform offers spot trading capabilities with advanced trading analytics, providing essential tools for market analysis. Users benefit from fee-free deposits and a promotional AED 100 bonus for new registrations. The exchange maintains mandatory KYC procedures, aligning with regional regulatory requirements.
Notable limitations include the absence of futures trading options and restricted customer support channels. A significant consideration is that BitOasis retains control of users’ private keys, which introduces potential security risks typical of centralized exchanges.
The mobile application supports trading on-the-go, though the platform does not offer demo accounts for practice trading. While BitOasis specifically targets Middle Eastern users, its features remain basic compared to global exchanges, focusing primarily on spot trading functionalities.
Is Crypto Legal and Regulated in Egypt?
Cryptocurrency trading in Egypt exists in a complex regulatory environment. The Central Bank of Egypt (CBE) issued a warning in 2018 against trading cryptocurrencies, citing high risks and volatility. However, the government has not explicitly banned cryptocurrency trading.
The Egyptian Financial Regulatory Authority (EFRA) enforces strict regulations on financial activities, including cryptocurrency trading. In 2021, Egypt’s Banking Law No. 194 specifically prohibited issuing, trading, or promoting cryptocurrencies without obtaining necessary licenses from the CBE.
Recent developments indicate a shift toward accepting blockchain technology. The Egyptian government is developing regulatory frameworks to potentially integrate cryptocurrencies into the financial system while maintaining strict oversight to prevent illegal activities.
Is Crypto Taxable in Egypt?
Cryptocurrency taxation in Egypt follows specific guidelines established by the Egyptian Tax Authority (ETA). Profits from cryptocurrency trading are subject to income tax rates ranging from 20% to 25%. Capital gains from cryptocurrency investments fall under the standard capital gains tax rate of 22.5%.
The ETA requires detailed documentation of all cryptocurrency transactions, including purchase prices, selling prices, and dates of transactions. Cryptocurrency mining income is classified as business income and taxed accordingly.
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 Egypt.
How to Buy Crypto in Egypt
Buying cryptocurrency in Egypt requires following specific steps to ensure compliance with local regulations while maintaining security. Bybit offers a secure platform with competitive fees and supports Egyptian Pound (EGP) transactions.
- Select a crypto exchange that offers Egyptian payment methods and meets local regulations.
- Register and verify your identity in line with KYC guidelines.
- Add funds using bank transfer, credit card, or P2P trading.
- Pick popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), or stablecoins such as USDT.
- Execute your trade at your desired price point.
- Store your purchased cryptocurrencies securely in a long-term wallet.
Traders in Egypt generally favor bank transfers for larger transactions, while credit cards are more commonly used for smaller purchases. Peer-to-peer (P2P) trading offers another option for buying cryptocurrencies through local payment methods.
Best Crypto Wallets in Egypt
Choosing a secure cryptocurrency wallet is essential for traders in Egypt. Hardware wallets provide top-tier security for long-term storage:
- Ledger – A high-end hardware wallet with broad cryptocurrency support.
- Trezor – A trusted hardware wallet known for its easy-to-use design.
For everyday transactions and smaller amounts, software wallets offer greater convenience:
- Trust Wallet – A mobile wallet with integrated DeFi capabilities.
- Exodus – A desktop wallet featuring an in-built exchange.
- MetaMask – A browser-based wallet designed for Ethereum and EVM-compatible blockchains.
Bottom Line
For traders seeking the best crypto exchanges in Egypt, Bybit stands out with its comprehensive security features, competitive fees, and reliable customer support. BloFin provides an excellent alternative with its user-friendly interface and advanced trading tools. Both platforms offer robust security measures and support multiple payment methods suitable for Egyptian traders.
