Summary
Nepal currently maintains a restrictive stance on cryptocurrency trading, with the Nepal Rastra Bank (NRB) declaring crypto transactions illegal. Despite this regulatory environment, Nepalese citizens can access international crypto exchanges through various methods. Here are the best crypto exchanges in Nepal:
Best Crypto Exchanges in Nepal
When selecting crypto exchanges accessible from Nepal, several factors require careful consideration, including security measures, trading fees, and available trading pairs. While cryptocurrency trading faces regulatory challenges in Nepal, international exchanges provide access to digital asset markets with various payment methods and trading options.
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. 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.
3. MEXC
Users:
15m
Free Demo:
Mobile App:
Bonus
$20,000
Cryptos:
2400+
Leverage:
300x
Spot Fees:
0.05%
Futures Fees:
0.01%/0.04%
Pros
- Lowest Trading Fees
- 2000+ supported crypto assets
- 300x 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 300x 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.
4. BITFLEX
Users:
1M+
Free Demo:
Mobile App:
Bonus:
$10
Cryptos:
10+
Leverage:
100X
Spot Fees:
0.10%/0.10%
Futures Fees:
0.022% / 0.060%
Pros
- 100x leverage on cryptocurrency trading
- Intuitive and user-friendly trading interface
- Advanced tools for expert traders
- Allows you to convert with zero fees and no slippage
Cons
- Still new as a cryptocurrency exchange
- Very limited cryptocurrencies available on the spot market
BITFLEX Overview
BitFlex is a cryptocurrency exchange platform that offers both spot and futures trading services. The platform supports over 10 cryptocurrency pairs, with spot trading fees set at 0.1% for both makers and takers. For futures trading, BitFlex charges 0.022% for maker fees and 0.060% for taker fees, while offering leverage up to 100x.
The exchange operates without mandatory KYC requirements, allowing users to start trading immediately. BitFlex provides a mobile application for both Android and iOS devices, featuring an intuitive trading interface with advanced trading tools. The platform includes features such as real-time market data, advanced charting capabilities, and multiple order types for precise trade execution.
Primary limitations include restricted access for US-based traders and a relatively limited selection of trading pairs. As a newer platform in the cryptocurrency space, BitFlex has already attracted over 1 million users and offers a $10 promotional bonus for new registrations. The exchange maintains competitive fees in both spot and futures markets, particularly for high-volume traders seeking leveraged positions.
5. KuCoin
Users:
30m
Free Demo:
Mobile App:
Bonus
$10,500
Cryptos:
800+
Leverage:
125x
Spot Fees:
0.1%
Futures Fees:
0.02%/0.06%
Pros
- Beginner friendly
- 800+ supported crypto assets
- 125x leverage and deep liquidity
- 20+ fiat currencies
- Great 24/7 customer support
Cons
- Lacks advanced features
- Not the best liquidity
- Regulatory issues in the US
- Variable spot fees
Overview
Kucoin focuses on offering the best spot trading experience. With over 800 supported cryptos on the spot market, Kucoin is one of the most versatile crypto exchanges when it comes to supported assets. You can trade popular cryptos such as Bitcoin or Ethereum but also less-known cryptos and even meme coins. If you are on the hunt for new and shiny coins that are not popular yet, Kucoin might be your best shop.
Spot fees on Kucoin are relatively average, ranging from 0.1% to 0.32% based on the liquidity of the asset. Futures trading on Kucoin starts at a maker fee of 0.02% and a taker fee of 0.06%.
Kucoin has integrated and ready-to-use crypto grid trading bots to automate your income. You can set up grid bots based on several parameters to trade for you 24/7.
Is Crypto Legal and Regulated in Nepal?
Cryptocurrency trading and transactions are currently illegal in Nepal. The Nepal Rastra Bank (NRB) issued a notice in 2021 reaffirming the ban on cryptocurrency trading, mining, and transactions. The Securities Board of Nepal (SEBON) supports this position, maintaining that cryptocurrency trading remains unauthorized.
The Foreign Exchange Regulation Act of 1962 prohibits Nepalese citizens from investing in foreign currencies, including cryptocurrencies. The Nepal Police’s Central Investigation Bureau (CIB) actively monitors and takes action against cryptocurrency trading activities.
Recent developments include increased enforcement measures, with several arrests made in connection with cryptocurrency trading operations. The government maintains its stance through the Electronic Transaction Act, which provides legal basis for prosecution of unauthorized digital currency transactions.
Is Crypto Taxable in Nepal?
Given the illegal status of cryptocurrency in Nepal, there are no specific tax regulations for crypto assets. The Inland Revenue Department (IRD) does not recognize cryptocurrency as a legitimate asset class for taxation purposes.
However, any income detected from cryptocurrency trading could potentially be subject to investigation under existing tax evasion laws. The Income Tax Act 2058 (2002) provides framework for taxing undeclared income sources at rates ranging from 15% to 36%.
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 Nepal.
How to Buy Crypto in Nepal
Despite regulatory restrictions, some Nepalese residents access cryptocurrency markets through international exchanges. Bybit provides one of the most accessible platforms for trading cryptocurrency, offering multiple payment methods and a user-friendly interface.
- Choose a Cryptocurrency Exchange
- Ensure the exchange is legitimate and employs robust security protocols.
- Check which payment methods are accepted.
- Familiarize yourself with the Know Your Customer (KYC) requirements.
- Register Your Account
- Fill in the necessary personal details during registration.
- Upload any required identification documents for verification.
- Activate two-factor authentication for added security.
- Fund Your Account
- Pick your preferred method for depositing funds.
- Follow the steps to complete the deposit.
- Confirm that the transaction has been successfully processed.
- Select Your Cryptocurrency
- Investigate the trading pairs offered on the platform.
- Compare current market prices to make informed decisions.
- Choose the cryptocurrency you wish to purchase, such as Bitcoin (BTC), Ethereum (ETH), or Tether (USDT).
- Execute Your Trade
- Specify the amount you want to buy.
- Review the details of your transaction carefully.
- Confirm the order to finalize the purchase.
- Secure Your Assets
- Move your purchased cryptocurrencies to your personal wallet for safekeeping.
- Implement additional security measures to protect your assets.
- Keep backup recovery phrases in a safe place to ensure access to your wallet.
Best Crypto Wallets in Nepal
To secure your cryptocurrency, it’s essential to use dependable wallet options. Here are some top picks for effective crypto storage:
Ledger hardware wallets are known for their high security, ideal for long-term asset protection. The Nano S Plus and Nano X models can accommodate more than 5,500 cryptocurrencies and provide secure offline storage.
Trezor offers reliable hardware wallet solutions with its Model One and Model T. These wallets come with integrated exchange capabilities and extensive security features.
For mobile accessibility, Trust Wallet provides an intuitive interface that supports a variety of blockchains. MetaMask is a preferred choice for engaging with DeFi platforms and utilizing Web3 services.
Exodus is available as both a desktop and mobile solution, featuring integrated exchange functionalities and supporting over 200 cryptocurrencies.
Bottom Line
For accessing the best crypto exchanges in Nepal, Bybit stands out with its comprehensive trading features and competitive fee structure. Binance serves as a strong alternative, offering extensive trading pairs and reliable security measures. When selecting an exchange, prioritize security features, trading fees, and available payment methods while considering the current regulatory environment.
