Best Crypto Exchange in Egypt 2023

Crypto exchanges in Egypt enable buyers and sellers to trade digital currencies. Choosing the right crypto exchange, however, is no easy feat – as many factors need to be taken into account.

This covers everything from supported coins and trading commissions to minimum account balances and accepted payment methods.

In this guide, we compare the seven best crypto exchanges in Egypt to consider today.

Cryptoassets are a highly volatile unregulated investment product.

In choosing the best crypto exchange in Egypt, we suggest reading our comprehensive reviews.

The Top Bitcoin Exchanges in Egypt Reviewed

When reviewing the best crypto exchanges in Egypt, we explored a wide range of important factors. This includes the security of the platform itself and whether or not it charges competitive fees.

Moreover, we also considered what payment types the exchange accepts and which cryptocurrencies it supports in addition to Bitcoin.

Below, we offer comprehensive reviews of the best crypto exchanges in Egypt to consider using in 2023.

1. eToro – Overall Best Crypto Exchange in Egypt for 2023

For all metrics that we explored – including supported markets, low fees, trading tools, and regulation – eToro is the overall best crypto exchange in Egypt. This popular trading platform is licensed by several tier-one bodies – including ASIC, SEC, FCA, and CySEC. eToro is now used by more than 25 million investors and traders.

In choosing this top-rated crypto exchange, there is access to over 60 cryptocurrencies. This includes but is not limited to Bitcoin, AAVE, NEO, Dash, Dogecoin, Shiba Inu, Uniswap, Decentraland, and Ethereum. Each and every supported cryptocurrency can be bought from just $10. As such, eToro allows crypto enthusiasts to learn how to buy Bitcoin in Egypt with low trading and non-trading fees.

Furthermore, eToro charges competitive trading commissions of just 1%. This means that for every $100 traded, a fee of just $1 is taken from the order. We like that eToro also supports a wide selection of convenient payment types. This covers instant deposit methods like credit/debit cards and e-wallets. Traditional bank wire transfers are accepted too.

Once a cryptocurrency has been purchased on eToro, the tokens will be transferred to the user’s web wallet. The tokens will remain there until the user decides to cash out. There is also the eToro Crypto Money app, which doubles up as both a wallet and an exchange. Either way, eToro employs institutional-grade security practices throughout its trading ecosystem.

eToro also offers a Copy Trading feature. This is popular with both experienced investors and newbies alike, as it permits a passive trading journey. Once a seasoned eToro trader has been selected, all future positions will be copied over to the investor’s portfolio.  For those looking to diversify via a single trade, consider the Smart Portfolios offered by eToro.

These are managed by the eToro team and there are several crypto-centric portfolios to choose from. There are also real-time pricing charts and technical indicators offered available on the eToro platform, which will suit those that wish to perform technical analysis. Moreover, newbies are treated to a full suite of free educational tools and videos.

For those hesitant about buying and selling crypto for the first time, eToro offers a free demo account that comes with $100,000 in paper funds. This can be accessed at any time without any restrictions. eToro also provides access to thousands of stocks and ETFs from multiple international markets – all of which can be purchased at 0% commission.

What We Like:

Cryptoassets are a highly volatile unregulated investment product.

2. Crypto.com – Top Crypto App With Support for Visa and MasterCard

For those looking for the best Egyptian crypto exchange for mobile trading, Crypto.com is well worth considering. The regulated platform offers a user-friendly app for both iOS and Android devices that comes with a wide variety of crypto products and services.

For instance, the Crypto.com exchange app enables instant deposits with credit and debit cards. This comes with a standard transaction fee of 2.99%. Once a Crypto.com account is funded, users can then trade digital currencies at a commission of just 0.40%.

The platform – through its maker/taker pricing structure, rewards high-volume traders with lower commissions. Those buying and staking the Crypto.com native token – CRO, will also have access to trading discounts. When it comes to supported coins, the Crypto.com app offers more than 250 digital assets.

This means that Crypto.com facilitates portfolio diversification with low fees. Crypto.com also offers access to an NFT marketplace. This covers thousands of NFTs and buyers will not pay any commissions. The platform is also popular for those seeking instant crypto loans without needing to go through a credit or affordability check.

With that said, perhaps the stand-out feature that makes Crypto.com one of the best crypto exchanges in Egypt is its interest accounts. This allows users to deposit their crypto tokens into a secure account that generates an APY of up to 14.5%. On stablecoins like Tether, an APY of up to 10% is offered.

There are three terms to choose from – flexible, 1-month, and 3-month. The most attractive APYs are offered to those that buy and stake CRO tokens. Crypto.com is also popular with those that want to spend their digital currencies in the real world, such as online or at an ATM to withdraw cash. This is because the Crypto.com card can be used anywhere that accepts Visa.

What We Like:

Cryptoassets are a highly volatile unregulated investment product.

3. Coinbase – User-Friendly Crypto Exchange for Beginners

For those searching for the best Bitcoin exchange in Egypt for user-friendliness, Coinbase is a great option. The platform can be accessed via a standard web browser or its native app for iOS and Android. There are no complicated processes at Coinbase and opening an account usually takes less than 10 minutes.

Many first-time investors will look to buy crypto at Coinbase with a standard debit or credit card – where both Visa and MasterCard are supported. For each crypto investment completed in this manner, a fee of 3.99% will be taken from the deposit amount.

In terms of trading commissions, there is a flat fee for orders of less than $200. Anything above $200 will be charged at 1.49% per slide. It goes without saying that when considering both its deposit and trading fees, Coinbase is a lot more expensive than other crypto exchanges in Egypt.

Coinbase does, on the other hand, offer a free crypto wallet. This is a custodial wallet that can access online or via the mobile app. Coinbase will safeguard the private key for the wallet and it also requires all users to set up two-factor authentication. This means that on each login attempt, a code will be sent to the cell phone number registered to the account.

Additionally, should a user attempt to sign into their account from a new laptop or mobile device, Coinbase will require confirmation via email. We also like that just 2% of client digital assets are kept in hot wallets. The rest is kept offline at all times – away from remote hacking attempts.

Coinbase – just like Crypto.com, also offers an NFT marketplace. This was only launched recently though, so the number of NFTs available to buy is somewhat limited. Staking tools are also offered by Coinbase and the highest APY available is 5%. Finally, Coinbase supports more than 150+ digital currencies – which is ideal for creating a diversified portfolio.

What we like

Cryptoassets are a highly volatile unregulated investment product.

4. Binance – Low Commission Crypto Exchange With 600+ Supported Coins

The next platform to consider from our breakdown of the best cryptocurrency exchanges in Egypt is Binance. This platform offers more than 1,000 trading markets across 600 supported coins. This covers a wide range of crypto-to-fiat pairs, as well as plenty of crypto-crosses like ETH/BTC and ETH/USDT.

When trading crypto on the Binance exchange, a commission of 0.10% will be charged. This is super low and means that for every $100 traded, a fee of just $0.10 will apply. When holding BNB tokens, Binance will reduce the commission by 25%. In terms of opening an account with Binance, this will initially only require an email address and a preferred password.

However, those looking to deposit funds in fiat money will need to provide some personal information and a copy of a government-issued ID. While Binance does not directly support debit or credit card payments, the platform does provide a P2P marketplace.

This connects Egyptian buyers and sellers directly and a wide variety of payment methods are accepted. This includes local bank transfers via CIB, NBE, and more. With that said, accepted payment types are determined by the respective seller on the P2P marketplace, so buyers will need to browse through the many ads manually.

Fees will also be determined by the seller, albeit, this will be built into the final price that buyers see on their screen. After users have purchased crypto via Binance, they might decide to keep the tokens in the platform’s mobile wallet for iOS or Android. Tokens can also be stored in the Binance web wallet for added convenience.

Binance also offers a wide range of DeFi tools – such as yield farming, staking, and interest accounts. APYs and terms will vary depending on the DeFi product and respective token. Binance is also popular for those that want to buy and sell crypto with leverage. This is inclusive of leverage futures, options, and spot trading markets.

What we like

Cryptoassets are a highly volatile unregulated investment product.

5. BitOasis – Buy and Sell Bitcoin at 0.46% Commission

BitOasis is next up on our list of the best Egypt crypto exchanges to consider right now. The platform supports debit and credit card purchases, but much like Coinbase, BitOasis charges high fees. In fact, this stands at 4.5% of the transaction amount – so $4.50 for every $100 deposited.

Bank wires are also supported and this will reduce your deposit fees by a considerable amount. In terms of trading fees, the most that users will pay at BitOasis to buy and sell crypto is 0.46%. While this isn’t the lowest commission that we came across, it is competitive nonetheless.

For those that wish to trade crypto at BitOasis but have little to no prior experience, there is a basic platform that supports simple buy and sell orders. There is also an advanced platform that comes packed with high-level charts and technical indicators. Finally, BitOasis offers a popular mobile app for iOS and Android.

What we like

Cryptoassets are a highly volatile unregulated investment product.

6. Paxful – P2P Bitcoin Exchange Connecting Buyers and Sellers

While Paxful isn’t a crypto exchange in the classic sense, it does allow buyers and sellers to trade digital currencies. The main concept of Paxful is that offers a P2P platform to connect traders.

This means that sellers will list the digital currency that they wish to sell alongside the payment methods that they are happy to accept. Fees and built into the price that users see on their screen and this is determined on a seller-by-seller basis.

Traders are advised to be careful when using a P2P platform, as scams can and will take place. With that said, we like that the platform has an escrow system in place that requires the seller to deposit their tokens into a wallet controlled by Paxful.

Only when payment is confirmed will the tokens be released. Another major drawback with Paxful is that it only supports three cryptocurrencies – Bitcoin, Ethereum, and Tether.

What we like

Cryptoassets are a highly volatile unregulated investment product.

7. Gemini – Safe and Secure Crypto Exchange With Great Reputation

The final platform to consider from our list of the best crypto exchanges in Egypt is Gemini. This platform is based in the US but it supports account applications on a global basis. The Gemini exchange offers access to more than 75 digital assets.

This is inclusive of large-cap tokens like Bitcoin and Ethereum, as well as a long list of DeFi coins. Moreover, Geminin accepts instant payments via a debit/credit card. However, Gemini charges a fee of 3.49% when using this payment method. When it comes to commissions, this is also expensive at 1.49% per slide – which mirrors Coinbase like-for-like.

On the other hand, we do like Gemini for its commitment to safety and regulation. This includes a license with bodies in New York and setting up two-factor authentication is mandatory. Gemini also stands out when it comes to its interest accounts. When depositing 1inch, for instance, users will earn an APY of up to 8.05%.

With that said, Bitcoin attracts an APY of just 1%, while at Crypto.com, up to 6% is available. We also like Gemini for its pre-paid MasterCard. This is funded by crypto held in a Gemini account and the card can be used online, in-store, or at ATMs. Finally, Gemini has its own stablecoin – GUSD, which can also be used to earn interest.

What we like

The Best Egypt Crypto Exchanges Compared

The comparison table below highlights the core metrics that we found when reviewing the best Egypt crypto exchanges.

How to Choose the Best Egypt Cryptocurrency Exchange for You

Choosing the best crypto exchange in Egypt requires research of the core factors listed below:

• Regulation
• Tradable Cryptos
• Sign up Offers
• Fees
• Tools & Features
• Payment Methods
• Customer Service

We explain the above factors in more detail in the sections below:

Regulation

The best Egypt crypto exchanges are regulated. This means that both buyers and sellers are protected when trading digital currencies.

Regulation is not an easy feat to achieve for crypto exchanges, as financial bodies are required to do lots of due diligence before awarding a license.

eToro, for instance – which was launched before Bitcoin was created, is now licensed by the SEC (US), FCA (UK), ASIC (Australia), and CySEC (Cyprus).

Therefore, traders in Egypt can use the eToro platform is the knowledge that they are using a credible and secure provider.

Tradable Cryptos

There are now nearly 20,000 cryptocurrencies listed on CoinMarketCap. While top crypto exchanges in Egypt will not give you access to all available markets, it’s best to choose a platform that allows investors to create a diversified portfolio.

For example, eToro is home to 60 leading cryptocurrencies that have been picked based on demand from its account holders. This includes everything from Bitcoin, NEO, and Cardano to Dogecoin, Ethereum Classic, and XRP.

For those looking for access to even more digital assets, Crypto.com hosts over 250 different tokens.

Sign-up Offers

Some crypto exchanges in Egypt offer a bonus to new customers. The terms and conditions associated with a bonus will vary from one platform to another.

At Crypto.com, for example, the exchange offers a sign-up bonus of up to $50 for new customers that open an account and stake its native token – CRO. This is a great way to earn some free crypto tokens.

Fees

The best crypto exchanges in Egypt support low-fee deposits. After all, in order to buy and trade crypto, users will first need to add some capital to their account.

At eToro, users can deposit funds with a debit/credit card, bank wire, and e-wallet at a fee of just 0.5%. In comparison, Gemini charges 3.49% on debit/credit card purchases. The fee at BitOasis is even more expensive at 4.5%.

After assessing deposit fees, users should also look at what commissions apply when choosing the best cryptocurrency exchange in Egypt.

At Crypto.com, for instance, traders will pay a maximum commission of 0.40%. However, when using Gemini, a standard commission of 1.49% will apply.

Tools & Features

Some of the best tools offered by top crypto exchanges in Egypt are discussed below:

Pricing Charts and Technical Analysis

Being able to predict future price movements in the crypto trading space requires a variety of analysis tools. This is why the best Egypt crypto exchanges will offer real-time pricing charts, technical indicators, drawing tools, and more.

Copy Trading 

eToro offers a Copy Trading tool that allows its users to mirror the investments of an experienced professional. After choosing an investor to copy, all future investments will be replicated in the user’s portfolio.

This means that even beginners can actively buy and sell crypto without needing to have any prior knowledge. The minimum Copy Trading investment at eToro is just $200.

Smart Portfolios 

eToro also offers professionally managed portfolios – many of which focus exclusively on cryptocurrencies.

Known as Smart Portfolios, the team at eToro will rebalance and reweight the basket of crypto assets on behalf of its investors.

Price Alerts   

We also found that some of the best crypto exchanges in Egypt offer real-time pricing alerts.

This means that account holders can elect to receive a notification on their phone when a pre-determined price movement is triggered. This could, for example, be an alert when Bitcoin surpasses $40,000.

Payment Methods

It is important to check what payment methods the provider supports when searching for the best Bitcoin exchange in Egypt.

For instance, when using the likes of Binance or Paxful, there is no direct support for fiat money deposits. Instead, users are required to trade via a P2P marketplace – which can be both expensive and insecure.

On the other hand, there are crypto exchanges like eToro that not only support e-wallets and credit/debit card payments but bank wires too.

Customer Service

We prefer crypto exchanges that offer customer service via live chat. Not only does this allow users to speak with an agent in real-time, but there is no requirement to pick up the telephone and wait on hold.

Some exchanges only support email inquiries, so be sure to check this before choosing a provider.

How to Use an Egyptian Crypto Exchange

For those that have never previously used a crypto exchange, the guide below will explain the required steps with eToro.

This popular platform came out as the best Bitcoin exchange in Egypt during our review process for its low fees and regulated framework.

Step 1: Open an Account

Users will first need to open an account with eToro. This will require the user to provide eToro with some basic personal information and contact details – such as a first and last name, date of birth, and cell phone number.   

eToro will also ask the user to answer a few simple questions about their prior trading experience. 

Step 2: Upload ID

All new customers at eToro will need to upload some ID. This can be a passport or driver’s license, but the document must still be valid.

eToro often requires a document that validates the user’s home address, too. This can be something as simple as a bank account statement, but the document must have been issued within the prior three months.

Step 3: Deposit Money

Traders located in Egypt will need to deposit a minimum of $200. The fee charged on all supported payment methods is 0.5%.

eToro accepts payments via a bank wire, PayPal, Neteller, Visa, MasterCard, and more.

Step 4: Search for Crypto 

Click on the ‘Discover’ button to browse the many crypto markets available to buy on the eToro website. Traders can filter down by a variety of metrics – such as the best-performing cryptocurrencies in the prior 24 hours. 

The other option is to use the search box. As per the example above, we are searching for Bitcoin. Click ‘Trade’ to load an order box.  

Step 5: Buy Crypto 

In the ‘Amount’ box, the user will need to type in their desired investment stake. This needs to be at least $10. 

Click ‘Open Trade’ to place the crypto order. eToro will execute the order instantly. 

Are Crypto Exchanges Legal in Egypt?

Since 2018, crypto trading within Egypt has been outlawed. However, this has not stopped Egyptian traders from buying Bitcoin and other popular digital currencies.

In fact, trading volumes continue to rise year on year. Ultimately, when buying crypto online, traders in Egypt will opt for an exchange that is based overseas.

Conclusion

The seven best crypto exchanges in Egypt have been reviewed on this page. The main focus of our research team was to find an exchange that allows Egyptians to buy and sell crypto in a safe, low-cost, and burden-free way.

We concluded that eToro is the overall best crypto exchange in Egypt. The platform supports instant debit/credit card and e-wallet deposits at a fee of just 0.5% and traders enjoy regulation from multiple licensing bodies.

The eToro platform – which lists over 60 popular digital currencies, also offers a user-friendly mobile app for both iOS and Android.

Cryptoassets are a highly volatile unregulated investment product.

Frequently Asked Questions on Crypto Exchanges