Crypto trading has grown tremendously around the world, and it’s definitely made its mark in Qatar. Becoming a crypto investor requires one to conduct safe transactions through a reliable exchange. Although many options are available to investors, finding the best crypto exchange in Qatar is time-consuming and risky if investors make the wrong choice.

We made the search for investors easy by reviewing the best crypto exchanges in Qatar and comparing them to see how they fare against each other. Our guide analyzes the coins, fees, regulations, security and conveniences of each exchange.

The Best Crypto Exchanges Qatar 2022 List

Finding the best crypto exchange in Qatar requires an in-depth analysis of the exchange’s offerings such as fees, coin options and security. We looked at all of those features and took it a step further by providing a step-by-step process of how to open an account and trade with top crypto exchanges in Qatar.

  1. eToro – Best cryptocurrency exchange in Qatar
  2. Crypto.com – Spot and futures trading of 250+ coins
  3. Coinbase – Most popular global crypto exchange
  4. Binance – Offers more than 600 coins
  5. BitOasis – Leading platform in the Middle East
  6. Rain – Low trading fees
  7. CoinMena – Offers competitive fees

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

The Top Bitcoin Exchanges in Qatar Reviewed 

We’ve included all the information investors need to know about the best Bitcoin exchange in Qatar. After scouring the market, we found seven exchanges that make crypto investing easy.

1. eToro – Best Cryptocurrency Exchange in Qatar

The reason we’ve chosen eToro as the best Bitcoin exchange in Qatar is that it’s the complete package. It offers everything beginner and advanced traders need to start in crypto. eToro offers more than 70 cryptocurrencies and thousands of stocks, as well as other assets.

The great thing about eToro’s platform is that it’s simple for beginners, yet it contains advanced features for pro traders to optimize their strategies. Investors can also opt for eToro’s mobile app, which contains all the platform’s features conveniently designed for mobile screens. The app is available on Android and iOS.

eToro offers low trading fees. Buying Bitcoin on eToro entails investors to pay a 1% trading fee. The minimum trade requirement is only $50. The platform accepts several payment methods such as MasterCard, Visa, Paypal, Skrill and bank wires.

Safety and security are key factors investors look for in exchanges. eToro wanted to ensure its clients that it complies with the highest regulations and ethical financial standards, so the exchange is regulated by FCA, SEC, ASIC and CySEC.

etoro platform

eToro’s crypto platform is designed for day-trading, but investors who don’t want to stomach the volatility of the crypto market can opt for Smart Portfolio. 

eToro offers Smart Portfolio to investors wanting to diversify their portfolios. It enables investing in several assets that track crypto markets. This investment is passive as eToro rebalances the portfolio periodically to get the best returns. The best part is that Smart Portfolio has no management fee. The minimum investment in Smart Portfolio is $500.

 Another great feature is CopyTrading. Beginner traders anxious about entering a trade without supervision can see the trades of pros on the platform and copy them. eToro designed CopyTrading to be social, so exchanging of ideas between traders and chatting is highly encouraged.

Number of Cryptos 70+
Deposit Fee 0%
Fee to Buy Bitcoin 1% above market spread
Minimum Deposit $50

Pros

  • No deposit fee
  • Low minimum deposit
  • Large crypto selection
  • Heavily regulated

Cons

  • Lacking Bitcoin ETFs

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

2. Crypto.com – Low Fees for Trading More Than 250 Coins

crypto.com logoA Qatar Bitcoin exchange that offers numerous coins and low fees is Crypto.com. This exchange has more than 50 million users and makes investing in 250 coins possible with more than 20 fiat currencies.

Investors trading on Crypto.com can deposit funds via bank transfers and debit/credit cards. Using a debit card doesn’t contain a fee, but Crypto.com charges 2.99% for credit card deposits. The trading fees are appealing because the platform offers a tier system. Up to $25,000 30-day trading, investors pay 0.4%. Then, fees reduce as trading frequency increases.

Crypto.com enables investors to stake coins—locking-in coins for a certain period to earn interest. The platform provides a 14.5% annual return for certain coins. It also offers a native coin, CRO, at 4% per annum. Short-term investors can take advantage of the platform’s flexible, 1-month and 3-month stake terms. Investors wishing to stake stablecoins can earn up to 10% per annum.

crypto.com

One of the easiest ways to buy Bitcoin on this exchange is by using the app. Crypto.com app is available on iOS and Android and offers the same features as the website but in a user-friendly format. A minimum deposit of $20 is required to trade on this platform.

Crypto.com exchange is always looking for ways to adhere to the highest standard of compliance, so it achieved Service Organization Control (SOC) 2 audit conducted by Deloitte. The platform demonstrated it had implemented policies and procedures in accordance with the AICPA Trust Service Criteria. 

Number of Cryptos 250+
Deposit Fee 2.99% for cards
Fee to Buy Bitcoin 0.4%
Minimum Deposit $20

Pros

  • Low minimum deposit
  • Offers lots of coins
  • Complies with strict audits
  • Offers short-term stakes

Cons

  • Deposit fee for cards

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

3. Coinbase – Most Popular Global Crypto Exchange

Coinbase is available in more than 100 countries, making it one of the biggest crypto exchanges in the world. The exchange enables an investor in Qatar to diversify a portfolio by choosing more than 100 coins. Beginners wanting to invest limited funds and trade on a convenient platform will find Coinbase appealing.

A minimum investment of $2 is required to buy crypto. For Coinbase to verify an investor’s bank account, a minimum deposit of $50 is needed. Although Coinbase’s popularity has spread globally, its fees are higher than some of the exchanges we found. Trading fees depend on whether traders are makers or takers. A maker with a trading volume of $0-$10,000 will pay 0.40% fees. A taker would pay 0.60% fees in that trading bracket. As a trader’s monthly volume increases, his/her fees are reduced.

coinbase platform

Coinbase has more than 98 million users, and it requires everyone to add a 2-Factor Authentication. The New York State Department of Financial Services regulates and licenses the platform. Coinbase ensures that 98% of client digital assets are stored in a cold wallet.

Investors wanting to stake cryptocurrencies on Coinbase can do so and expect an annual return of up to 5.75%. Only $1 is needed to start staking.

Professional traders seeking lower fees and advanced trading tools will find Coinbase Pro to be more suitable than the standard platform.

Number of Cryptos 100+
Deposit Fee 2.49%
Fee to Trade Crypto 0.5%
Minimum Deposit $2, but $50 to verify a user’s bank account

Pros

  • Globally known
  • Low minimum deposit
  • Lots of coins
  • Decent trading fees

Cons

  • Low APY for staking

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

4. Binance – Offers More than 600 Coins

binance logoInvestors in Qatar wanting a large coin selection will opt for Binance. Besides offering more than 600 cryptocurrencies, Binance also makes staking cryptos possible. 

The exchange offers more than 120 staking coins. The best part is the annual percentage yield (APY) offered. Some of the coins offered on Binance for staking offer more than 120% APY for locking in coins for 90 days. Binance also offers flexible, 15-day, 30-day, 60-day, 90-day and 120-day staking periods.

binance platform

Qatar traders wanting to buy cryptocurrencies will need to pay a 0.1% spot trading fee and 0.5% for instant buy/sell. Beginner traders will find the platform easy to use. It enables chart customization, numerous technical indicators and advanced trading orders. Investors paying for trading fees with BNB are entitled to a 25% discount.

Unlike some exchanges, Binance doesn’t charge clients for depositing funds. The usual fee for trading with a card is 3%, but using a Visa card entitles investors to a 1% fee. 

To safeguard client assets, Binance requires 2-Factor Authentication and offers a web and mobile wallet. Another option for storage is the Trust Wallet app, a non-custodial wallet backed by Binance and available on iOS and Android. The exchange has also established the Secure Asset Fund for Users (SAFU) as an emergency insurance fund to protect investor interests.

Number of Cryptos 600+
Debit Card Fee Free bank transfer deposit
Fee to Buy Bitcoin 0.1%
Minimum Deposit Varies based on the payment method

Pros

  • High staking APY
  • Numerous coins
  • Low trading fee
  • Flexible stake terms

Cons

  • High fees when using card

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

5. BitOasis – Leading Platform in the Middle East

bitoasis review BitOasis is specifically set up to cater to Middle Eastern clients. Investors can sign up with BitOasis to trade more than 40 cryptocurrencies and receive 150 AED. The platform provides investments in DeFi, Metaverse and non-fungible tokens (NFTs). 

The platform is designed specifically for beginners. Trading cryptos on this platform consists of a few basic steps such as choosing a cryptocurrency and confirming the order. Pro traders wanting to optimize their strategies and access to advanced tools will find those on the BitOasis Pro platform.

bitoasis platform

Investors wanting to buy cryptocurrencies with AED will incur fees based on trading volume. A 30-day trading volume means that the taker will pay 0.48%, and the maker is charged 0.24%. More trading volume results in lower trading fees. Digit asset pair trading is also possible. The taker will pay 0.15% and the maker pays 0.10%.

BitOasis received provisional approval from Virtual Asset Regulatory Authority (VARA), a Dubai crypto regulator.

Number of Cryptos 40+
Deposit Fee 3.99%
Fee to Buy Bitcoin 0.48%
Minimum Deposit 300 AED

Pros

  • Heavily regulated
  • Offers NFTs and Metaverse coins
  • Sign up bonus
  • More than 40 coins

Cons

  • Deposit fee charged

6. Rain – Low Trading-Fee Platform

Rain Crypto LogoRain is one of the best Qatar crypto exchanges because it specifically caters to that market. The exchange is based in Bahrain and holds a license as a crypto-asset provider from the Central Bank of Bahrain.

The exchange offers 24/7 support in Arabic and designed its platform specifically for beginners. Investors in Qatar can easily deposit money into their accounts because Rain is integrated with many Middle Eastern banks. 

Rain charges 0% trading fees for fiat and card buys. It also implemented a 0% swap fee. A variable spread applies when investors open trades.

rain platform

Besides being regulated by the Centra Bank of Bahrain, Rain has ensured its compliance with Shariah. Traders can use Rain’s mobile app, available on iOS and Android, to access a user-friendly crypto platform.

Number of Cryptos 50
Deposit Fee 0%
Fee to Buy Bitcoin 0% commission (variable spread)
Minimum Deposit Varies

Pros

  • Regulated by central bank
  • 0% trading fees
  • Large number of coins
  • 24/7 support

Cons

  • Platform offers limited advanced features

7. CoinMena – Offers Competitive Fees

coinmenaMany investors consider CoinMena to be the best Bitcoin exchange in Qatar. Part of the allure of investing with CoinMena is the fees. A minimum deposit of 36.5 AED is required, but it has a 0% fee if funds are transferred by bank wire. CoinMena charges a 3.5% fee for credit card deposits.

A minimum withdrawal is 500 AED, which incurs a fee of 110.63 AED. That’s a significant cost, but CoinMena has tried to be competitive by offering a 0.75% trading fee. CoinMena rewards high-volume traders with lower fees.

coinmena platform

One of the main benefits of using CoinMena is that it offers over-the-counter (OTC) trading. OTC is perfect for investors wanting to purchase a large number of assets. CoinMet OTC is available to KYC-verified individuals. A minimum OTC transaction is $100,000. Because of the enormity of the transaction, OTCs have very small transaction fees.

CoinMena is licensed by the Central Bank of Bahrain. 

Number of Cryptos 13+
Deposit Fee 3.5% with card
Fee to Buy Bitcoin 0.75%
Minimum Deposit 36.5 AED

Pros

  • Regulated
  • Offer OTC
  • Low minimum deposit
  • Lower fees for high-volume traders

Cons

  • High withdrawal fee

The Best Qatar Crypto Exchanges Compared

Exchange  Number of coins Deposit Fee Fee for Buying Bitcoin Supported Payments
eToro 70+ 0% 1%  Bank wire, debit/credit card, 
Crypto.com 250+ 2.99% card 0.4% Bank wire, debit/credit card
Coinbase 100+ 2.49% 0.5% Bank wire, debit/credit card
Binance 600+ Free bank wire 0.1% Debit/credit card, bank wire
BitOasis 40+ 4.5% 0.47% Debit/credit card, bank wire
Rain 50+ 0% 0% (variable spread) Bank wire, debit/credit card
CoinMena 13+ 3.5% card 0.75% debit/credit card, bank wire

How to Choose the Best Qatar Cryptocurrency Exchange

Investors need to consider several factors when choosing a cryptocurrency exchange. Covering that basis will optimize safety and reduce investment risk.

Regulation

To ensure funds are safe, investors should invest with regulated cryptocurrency exchanges. Regulating exchanges is important so that they are held to an ethical and legal standard. By doing so, investors receive a certain level of protection. The last thing investors want is for exchanges to do with their money as they please. Regulations provide that safety.

Exchanges that violate regulations and laws are penalized, usually monetarily. That disincentive makes exchanges apprehensive about breaking the rules that regulators stipulated to protect investor interests.

The more regulated an exchange is, the better. As an example, eToro is regulated by FCA, SEC, ASIC and CySEC.

Tradable Cryptos 

Crypto exchanges should offer a large selection of coins. Some exchanges offer only Bitcoin and Ethereum. Not only does that limit investors who want to invest in the major altcoins, but it could mean that an exchange has limited liquidity. Most investors desire a highly liquid exchange so that their positions are filled immediately.

Some investors prefer to trade digital currency pairs. It sometimes saves them trading fees. If an exchange has a limited cryptocurrency selection, that impedes investors from saving on fees.

The reason that eToro can offer a Smart Portfolio, enabling portfolio diversification, is that it offers more than 70 cryptocurrencies. Investors have a large selection and are likely to find the coin they want to invest in. 

Sign-up offers

One of the ways exchanges lure in customers is by offering them a sign-up offer. That usually entails funding a customer’s account with a certain amount of money to start trading or a discount on fees for a selected period.

BitOasis is an example of an exchange offering a sign-up. New users get 150 AED after they sign up. It’s a nice gesture, making users feel welcomed. But investors shouldn’t expect a sign-up offer from most exchanges.

Fees

Investors should be cognizant of high trading and deposit fees. Ideally, an exchange shouldn’t charge money to fund a user’s account. If it does, the exchange should provide low fees or not charge for trading. 

High fees decrease profits and make losses even worse. It means the investor has less money to trade and the potential to make. It’s very important that investors know all the fees involved in trading, including withdrawals. Otherwise, they could see their profits shrink and then wonder why.

Tools & Features

Beginner traders prefer a simple platform. It needs to have basic tools to complete a trade. But pro traders want advanced tools so that they can use various strategies to optimize their positions. 

The best Qatar crypto exchanges offer two platforms: a user-friendly one for beginners and an advanced one for experienced traders. Exchanges such as Coinbase and BitOasis offer both platforms.

Payment methods

The most basic transfer method an exchange should offer is bank wire. The best Bitcoin exchanges will make it convenient for clients to fund their accounts by offering several methods. One such broker is eToro.

eToro enables investors to transfer money into their accounts by Visa, MasterCard, Paypal and Skrill, to name a few. The number of payment options an exchange offers could also affect withdrawals.

Customer service

Most exchange users, especially new ones, need help regarding the platform every once in a while. Since trading is in real-time, traders want to execute trades immediately. But that might not be possible if they’re stuck and can’t receive help.

That’s one of the reasons it’s vital that exchanges offer prompt support. Ideally, an exchange should have a live chat available 24/7 for traders to interact with someone in real-time. Otherwise, support should promptly answer emails.

How to Use a Qatari Crypto Exchange 

Setting up an account with an exchange is simple, but we’ve made the process even easier by demonstrating it in our eToro step-by-step guide.

Step 1: Open an eToro Account

Visit eToro’s platform and sign up for a free account. A window such as the one below will pop up.

etoro step 1

All investors need to do is input the desired log-in details and then click on ‘Create Account’. An investor will need to verify their phone number and email address.

Step 2: Upload ID

eToro needs to verify each investor because it’s regulated. So the platform will request investors to upload a copy of a passport or a driver’s license. Another verification needed is proof of residency. Investors can upload a bank statement or a utility bill.

Step 3: Deposit Funds

The minimum amount a person in Qatar must deposit into an eToro account to start trading is $50. Investors need to input the amount they wish to deposit, desired currency and then select the preferred payment method. 

etoro step 2

Step 4: Select a Cryptocurrency

Use the search function to enter ‘BTC’. When the symbol appears, click on it.

etoro step 3

Step 5: Buy Crypto

The last step is to place an order to buy cryptocurrency. Enter the amount to buy and then click ‘Open Trade’.

etoro step 4

Are Crypto Exchanges Legal in Qatar?

Several bitcoin exchanges in Qatar are licensed and regulated. Rain and CoinMena are regulated by the Central Bank of Bahrain. BitOasis received provisional approval from Virtual Asset Regulatory Authority (VARA), a Dubai crypto regulator.

Conclusion

Finding the best Bitcoin exchange in Qatar requires investors to look at several factors. An exchange should offer a large number of cryptocurrencies, offer low fees, be regulated and provide safety and security to clients. The exchange should also offer key features such as a platform convenient for beginners but also advanced enough for professional traders.

We found that eToro covers all of those aspects. Investing in eToro means that investors pay only a 1% trading fee. eToro’s platform is easy to use, but it also contains advanced tools so that traders can optimize their strategies.

eToro is regulated by several bodies to ensure that it has an investor’s best interest at heart. Also, eToro offers Smart Portfolio, enabling crypto investors to diversify their portfolios.

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

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