Summary
The status of cryptocurrency trading in Sudan remains unclear due to limited regulatory framework. While crypto trading is not explicitly illegal, there is no official recognition from the Central Bank of Sudan. The Sudanese Pound (SDG) has limited support on international crypto exchanges. Bank transfers and credit cards are the primary payment methods, though P2P trading is gaining popularity. Mobile money services provide additional options for crypto transactions. When selecting from the best crypto exchanges in Sudan, consider these top platforms:
- Binance – Extensive trading features with 350+ cryptocurrencies and advanced security protocols
- OKX – Advanced trading platform with competitive fees and institutional-grade infrastructure
- Bybit – User-friendly interface with strong security measures and dedicated customer support
- Bitfinex – Professional trading tools, deep liquidity, and margin trading options
- BingX – Innovative social trading features and copy trading capabilities
Best Crypto Exchanges in Sudan
Cryptocurrency trading in Sudan presents unique challenges and opportunities for investors. While the country’s financial infrastructure is developing, international crypto exchanges provide access to digital asset markets. The Sudanese Pound (SDG) has limited direct trading pairs, leading many traders to use USD or stable coins as intermediary currencies.
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. OKX
Users:
50m
Free Demo:
Mobile App:
Bonus:
$10
Cryptos:
350+
Leverage:
100x
Spot Fees:
0.14%/0.1%
Futures Fees:
0.01%/0.06%
Pros
- Highly efficient trading platform
- 350+ assets
- Free demo trading
- Fiat supported
- 24/7 customer support
Cons
- Not available in the US
- Not beginner-friendly
- Limitations and restrictions in Europe
OXK Overview
OKX is the third largest crypto exchange sorted by daily derivatives volume. This is no surprise since OKX’s focus lies in offering a high-efficiency leverage trading experience. While the UI is not necessarily beginner-friendly, it is one of the fastest and most reliable platforms we have come across.
Over 300 coins are supported on OKXs spot market while 250 contracts are available for futures trading with up to 100x leverage. What makes OKX stand out is its extensive liquidity which are without a doubt at the top of the game.
With low futures fees starting at 0.02% maker and 0.05% taker, OKX ensures a cost efficient derivatives trading environment. Spot trading fees however are on the more expensive side starting at 0.14% for makers and 0.23% for takers.
You can easily deposit funds using your credit/debit card. Additionally, you can deposit and withdraw fiat using your personal bank account, making OKX a reliable platform for on- and off-ramp funds.
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. Bitfinex
Users:
3M
Free Demo:
Mobile App:
Bonus:
6% rebate fee
Cryptos:
194+
Leverage:
100X
Spot Fees:
0.10%/0.20%
Futures Fees:
0.020%/0.0650%
Pros
- High trading volumes
- Upto 100X leverage
- Educational center with diverse resources available
- Advanced trading tools
Cons
- Complex interface for beginners
- History of controversy
- Poor liquidity
Bitfinex Overview
Bitfinex is a prominent cryptocurrency exchange offering a comprehensive trading platform for both retail and institutional investors. The exchange supports over 194 cryptocurrencies, providing spot trading with fees of 0.10% for makers and 0.20% for takers. Bitfinex also features futures trading with up to 100x leverage, charging 0.020% for makers and 0.0650% for takers.
The platform is known for its high liquidity and large trading volumes, catering to active traders and investors. Bitfinex offers a mobile app for on-the-go trading and a paper trading account for users to practice strategies risk-free.
Advanced features include margin trading, over-the-counter (OTC) services, and a variety of order types. The exchange implements robust security measures, including cold storage for the majority of user funds.
While Bitfinex provides a feature-rich environment for experienced traders, its complex interface may be challenging for beginners. The platform’s history of security incidents and regulatory scrutiny in some jurisdictions are potential concerns for users.
5. BingX
Users:
23m
Free Demo:
Mobile App:
Bonus
$6,200
Cryptos:
840+
Leverage:
125x
Spot Fees:
0.1%
Futures Fees:
0.02%/0.06%
Pros
- No KYC required
- 800+ assets (even stocks and forex)
- Up to 200x leverage
- Fiat supported
- Advanced order types
Cons
- Not available in the US
- No bot trading
- Traditional markets are B-Book
Overview
Founded in 2018, BingX is a derivatives exchange based in Singapore. The exchange has risen to global standards and now has offices in other major regions such as the EU, Canada, Hong Kong, and others. BingX currently boasts a user base of 10 million registered customers worldwide and is present in over 100 countries.
With an easy-to-navigate platform, BingX offers users 800+ cryptocurrencies, stocks, and forex to trade, with a smooth interface for trading spot or futures. BingX currently has a daily trading volume of $489 million for spot and $7 billion for futures.
Users of BingX can trade with flexibility and benefit from sophisticated trading tools such as order books, charts, and market data.
Trading fees on BingX are very affordable, starting at 0.02% and 0.05% maker and taker for futures trading, and 0.1% maker and taker for spot trading.
Is Crypto Legal and Regulated in Sudan?
The legal status of cryptocurrency in Sudan exists in a regulatory grey area. The Central Bank of Sudan has not issued specific regulations governing cryptocurrency trading or ownership. The absence of clear regulatory framework means that while cryptocurrency trading is not explicitly illegal, it operates without official oversight or protection.
The country’s primary financial regulator, the Banking Regulation Authority, has not established guidelines for cryptocurrency exchanges or service providers. Financial institutions in Sudan generally maintain a cautious approach toward cryptocurrency transactions, limiting direct banking relationships with crypto service providers.
The Ministry of Finance and Economic Planning has not integrated digital assets into the national financial system. This regulatory uncertainty affects how international exchanges operate in the Sudanese market, particularly regarding fiat currency transactions and compliance requirements.
Recent economic reforms and modernization efforts may lead to future cryptocurrency regulations, but the timeline remains uncertain. The focus remains on traditional financial sector development and stability measures.
Is Crypto Taxable in Sudan?
Sudan’s tax framework for cryptocurrency remains undefined. The Sudan Tax Chamber has not issued specific guidelines for cryptocurrency taxation. Traditional capital gains tax rates in Sudan range from 2% to 15%, but their application to cryptocurrency gains remains unclear.
Current tax regulations focus on conventional financial instruments and do not explicitly address digital assets. The Income Tax Act may potentially apply to cryptocurrency gains, but implementation details are not specified.
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 Sudan.
How to Buy Crypto in Sudan
Purchasing cryptocurrency in Sudan requires careful consideration of available platforms and payment methods. Binance offers the most comprehensive service for Sudanese traders, supporting multiple payment options and providing a reliable trading infrastructure.
- Choose a Cryptocurrency Exchange: Assess platforms by looking at accepted payment methods, transaction fees, and security features. Confirm KYC requirements and ensure they align with local regulations.
- Register for an Account: Set up your account and complete the identity verification process through KYC. Typically, you will need to provide a government-issued ID and proof of your residence.
- Add Funds to Your Account: Deposit money via bank transfers or credit card payments. Additionally, P2P trading platforms can offer more local currency transaction options.
- Select Your Cryptocurrencies: Pick from well-known assets like Bitcoin (BTC), Ethereum (ETH), or stablecoins such as USDT. Keep market conditions and your investment objectives in mind.
- Execute Your Trades: Submit market or limit orders according to your trading plan. Keep an eye on exchange rates and timing to ensure optimal execution.
- Ensure Secure Storage: Move your acquired assets to a secure wallet for long-term protection and safe storage.
Best Crypto Wallets in Sudan
Choosing the right cryptocurrency wallet is essential for safely storing assets in Sudan. Hardware wallets offer the highest level of security for long-term storage.
Ledger and Trezor provide top-notch hardware security solutions. For mobile users, Trust Wallet strikes a good balance between security and convenience. Exodus offers an intuitive desktop experience, while MetaMask is tailored for accessing DeFi platforms.
When choosing a wallet, take into account supported cryptocurrencies, backup options, and compatibility with exchanges. It’s vital to have multi-currency support and consistent security updates to safeguard your digital assets.
Bottom Line
For traders seeking the best crypto exchanges in Sudan, Binance stands out with its comprehensive trading features, competitive fees, and robust security measures. OKX provides an excellent alternative with advanced trading tools and deep liquidity pools. Both platforms offer reliable solutions for accessing the cryptocurrency market in Sudan, with strong security features and diverse trading options.
