Summary
Cryptocurrency is legal in North Macedonia, though regulations are still evolving. The National Bank of the Republic of North Macedonia oversees financial matters, including crypto. Popular payment methods include bank transfers and credit cards. While the Macedonian Denar (MKD) isn’t widely supported, traders often use EUR or USD. Here are the best crypto exchanges in North Macedonia:
Best Crypto Exchanges in North Macedonia
North Macedonian crypto enthusiasts seek reliable platforms for digital asset trading. This article examines the top crypto exchanges available in the country, considering factors such as supported cryptocurrencies, fees, and payment methods. While the Macedonian Denar (MKD) isn’t widely supported on international exchanges, most platforms accept EUR and USD deposits through bank transfers and credit cards.
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. Coinbase
Users:
100m
Free Demo:
Mobile App:
Bonus:
$10
Cryptos:
250+
Leverage:
5x
Spot Fees:
0.4%/0.6%
Futures Fees:
0.02%/0.05%
Pros
- Most beginner-friendly exchange
- Fully regulated and licensed
- Great customer support
- Reputable with over 100 million users
- Comprehensive fiat deposit methods
- Great wallet for on-chain access
Cons
- Lacks advanced features
- Very high spot trading fees
- Poor liquidity
Coinbase Overview
Coinbase is one of the largest and most well-known cryptocurrency exchanges for buying cryptos.The platform currently has a user community of over 100 million users worldwide. What makes Coinbase special is its user-friendly interface. The platform is designed to be easy to use, making it accessible for beginners. Coinbase offers a clean and intuitive interface for buying, selling, and managing cryptocurrencies.
Crypto traders have access to over 250 cryptos for active trading. One downside of Coinbase is the fee structure. When you place an order at the market price that gets filled immediately, you are considered a taker and will pay a fee of 0.60%, which is very expensive.
Another thing about Coinbase is that it offers a wide range of crypto services. These include wallets, NFT, crypto staking, Coinbase cards, and many more to help improve the overall trading experience on the platform. One of our favorite features is the Coinbase wallet.
It is suitable for beginners but also offers advanced trading tools including real-time charts, technical indicators, and many more for advanced traders.
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. 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. 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 North Macedonia?
Cryptocurrency is legal in North Macedonia, but the regulatory landscape is still developing. The National Bank of the Republic of North Macedonia (NBRNM) is the primary financial regulator in the country. While there are no specific laws governing cryptocurrencies, the NBRNM has issued warnings about the risks associated with digital assets.
In 2016, the NBRNM released a statement cautioning citizens about the potential risks of using cryptocurrencies. The bank emphasized that virtual currencies are not legal tender in North Macedonia and are not regulated by the NBRNM.
The country’s anti-money laundering (AML) laws, overseen by the Financial Intelligence Office, apply to cryptocurrency transactions. Crypto businesses operating in North Macedonia must comply with these regulations, including Know Your Customer (KYC) and reporting requirements.
While the government has not implemented a comprehensive regulatory framework for cryptocurrencies, it has shown interest in blockchain technology. In 2019, North Macedonia joined the European Blockchain Partnership, signaling its commitment to exploring the potential of distributed ledger technologies.
Is Crypto Taxable in North Macedonia?
Cryptocurrency taxation in North Macedonia operates within the broader framework of the country’s tax laws, as there are no specific regulations for digital assets. The Public Revenue Office (PRO) is responsible for tax administration in the country.
Income from cryptocurrency trading or mining is likely subject to personal income tax, which has a flat rate of 10% in North Macedonia. Capital gains from the sale of cryptocurrencies may also be taxable at the same rate.
For businesses dealing with cryptocurrencies, profits are subject to the corporate income tax rate of 10%. Companies engaged in crypto-related activities must maintain proper records and report their income to the PRO.
It’s worth noting that the Public Revenue Office has not issued specific guidance on cryptocurrency taxation. As the crypto market evolves, tax authorities may introduce more detailed regulations in the future.
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 North Macedonia.
How to Buy Crypto in North Macedonia
Acquiring cryptocurrencies in North Macedonia is a straightforward process, although options may be limited compared to larger markets. For North Macedonian residents, we recommend using Binance due to its wide range of supported cryptocurrencies and payment methods.
Whether you’re interested in purchasing Bitcoin, Ethereum, or other digital assets, follow these steps to begin your crypto journey:
- Select a Trusted Crypto Exchange: Choose a reliable platform that caters to users in North Macedonia. Look for key factors like payment options, supported cryptocurrencies, and KYC procedures.
- Create an Account and Verify: Sign up on your selected exchange and complete the verification process by submitting necessary documents, such as a government-issued ID and proof of address.
- Deposit Money: Fund your account using available payment methods. For North Macedonian users, bank transfers (SEPA for EUR deposits) and credit/debit cards are commonly used. Some platforms also provide P2P trading for transactions in MKD.
- Choose Cryptocurrency: Select the digital asset you’d like to purchase, such as Bitcoin (BTC), Ethereum (ETH), or stablecoins like Tether (USDT) and USD Coin (USDC).
- Make the Trade: Place a market or limit order to buy your selected cryptocurrency, reviewing transaction fees before confirming the purchase.
- Securely Store Your Crypto: Transfer your purchased cryptocurrencies to a secure wallet. For long-term storage, using a hardware wallet is highly recommended for added protection.
By following these steps, residents of North Macedonia can confidently begin their cryptocurrency journey and build their digital asset portfolios.
Best Crypto Wallets in North Macedonia
Securing your cryptocurrencies is vital for North Macedonian crypto enthusiasts, and selecting the right wallet plays a key role in that security. Here are some of the top wallet options available:
Hardware Wallets: Ideal for long-term asset storage due to their robust security.
- Ledger: Renowned for its robust security, Ledger offers devices like the Nano X and Nano S Plus, ideal for long-term storage.
- Trezor: With models such as the Model T and Model One, Trezor provides strong security features alongside an intuitive user interface.
Software Wallets: Convenient for regular transactions and easy access.
- Trust Wallet: This mobile wallet supports multiple blockchains, making it easy to access decentralized applications (DApps).
- Exodus: Available on both desktop and mobile, Exodus is known for its user-friendly design and support for a variety of cryptocurrencies.
Browser Extensions: Best for interacting with decentralized finance platforms.
- MetaMask: Essential for Ethereum and ERC-20 tokens, MetaMask enables users to interact seamlessly with decentralized finance (DeFi) platforms.
When choosing a wallet, consider factors like security features, supported cryptocurrencies, and user experience. Hardware wallets offer the highest level of security for long-term asset storage, while software wallets provide ease of use for daily transactions. Additionally, browser extensions like MetaMask are crucial for engaging with the expanding DeFi ecosystem.
No matter which wallet you choose, always adhere to best practices for cryptocurrency security. This includes using strong passwords, enabling two-factor authentication, and storing your recovery phrases in a secure, offline location.
Bottom Line
For North Macedonian crypto enthusiasts, selecting the right exchange is crucial. Among the best crypto exchanges in North Macedonia, Binance stands out for its extensive coin selection and competitive fees. Coinbase follows as a close second, offering a user-friendly platform ideal for beginners. Both exchanges provide robust security measures and support various payment methods, catering to the needs of North Macedonian traders. As the crypto landscape evolves, staying informed about regulations and choosing reputable platforms will ensure a secure trading experience.
