Best Crypto Exchange Kuwait – Top 5 Bitcoin Exchanges Reviewed

If you’re reading this I’m sure you’ve heard of cryptocurrency and would like to get involved. There’s a lot of different exchanges out there, and as such, it can be difficult to sift through all the available information needed to make an informed decision on which Kuwait crypto exchange is best for your individual needs. Luckily we’ve sifted through all the information for you and analyzed all the major platforms to create this handy guide.

Cryptocurrency is somewhat of a grey area in Kuwait, the country banned institutions from trading cryptocurrency in late 2017 due to high volatility and citizens losing money on their investments. Quite a few countries have been taking this stance recently, with a lot of banks blocking crypto exchanges to “protect” their users. Luckily, however, Kuwait still allows residents of the country to invest in Bitcoin, the only caveat is you have to make sure your chosen exchange is allowed to operate in Kuwait and that they support the Kuwaiti Dollar, as you don’t want to be charged steep currency conversion fees. Below, we’ve broken down the pros and cons of our top 6 picks for the best Bitcoin exchange Kuwait

#1 Kuwait Crypto Exchange – eToro

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  • Invest in a wide range of cryptocurrencies
  • Ability to copy more experienced investors and their decisions
  • eToro crypto wallet included which makes it beginner-friendly
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Best Crypto Exchange Kuwait – Quick Picks For Top 5 Crypto Exchanges 

We’ve created this quick summary of our picks for the Top 6 best exchanges Kuwait. We’ve briefly broken down who each platform is best for, so if you’re in a rush you’ll still have all the necessary information to make an educated decision. If you’re looking for an in-depth review of each platform, you can find that just below this section.

  • eToroOne of the largest crypto exchange platforms, eToro offers an excellent blend of powerful features, great security, and an easy-to-use platform. It’s fully regulated so you rest assured knowing your money is safe. 
  • Rain – If you’re looking for an exchange based in the Middle East, Rain could be the platform for you. Based in Bahrain, it’s regulated by the central bank of Bahrain.
  • Coinbase – Coinbase is one of the world’s largest exchanges and the largest in the USA. It’s a phenomenal platform for anyone new to the crypto space and has some great features to help those new to the platform.
  • Coinmama – Coinmama is an excellent option for anyone wanting to do high-volume transactions via a credit/debit card. They offer one the highest spending limits for bank cards and are a regulated platform.
  • Trezor – Trezor is a bit different from the other exchanges on this list, they’re primary focus is crypto wallets, however, they do offer an exchange platform. With all the advanced security features they offer, Trezor is well-deserving of its place on this list.

Best Crypto Exchanges Kuwait – Top 5 Reviewed

Now we’ve summarized who each platform is for, it’s time to get into the nitty-gritty details. Below, we’ve explored the benefits and drawbacks of each platform in a full-length review. After reading this section, you’ll have a clear understanding of what each exchange does best.

1. eToro – Best Kuwait Crypto Exchange

eToro needs no introduction, they’re one the largest crypto exchanges and have a track record spanning over 15-years. It’s fully regulated by the FCA, ASIC, and CySEC, therefore you gain the benefits of trading on a regulated platform, primarily insurance on balances up to $250,000 and peace of mind knowing your investments are secure.

Cryptocurrency isn’t the only area that eToro shines, prior to being the best Bitcoin exchange Kuwait, they were a powerhouse for trading Indices, ETFs, and CFDs. eToro, of course, retains all the aforementioned features, allowing you to trade a wide range of financial instruments, meaning you’re not just limited to crypto. This can be a huge benefit for anyone that comes from a trading background and is just getting into the world of crypto, as it allows you to manage all your investments in just one platform. 

eToro is well known for its industry-leading security features, so you don’t have to worry about your funds. Any details you provide eToro are kept safe from nefarious individuals trying to steal information, as they’re SSL encrypted and along with your private keys are kept offline in cold storage. This is a big factor for any hosted wallet because if someone was able to gain access to your private keys they could potentially “recover” the account and steal your coins.

The perfect platform for beginners and experienced users alike, eToro offers a range of indicators and charting tools for technical traders, as well as some features perfect for beginners. If you want to get stuck into crypto as quickly as possible, then investing in “Managed Portfolios” might be your style. Instead of having to do hours of research into coins you think have potential, users on eToro have already done it for you, you can invest straight into these portfolios and have the advantage of a well-balanced account from day 1. On top of this, eToro also provides users the ability to do what they refer to as copy trading. Copy Trading allows you to automatically mirror the trades of some of the most profitable users, while still having control of your risk tolerance. 

It’s important to keep in mind for anyone residing in Kuwait there is a fairly steep minimum deposit of $1,000. While this can certainly be a hurdle to overcome, it puts you in good stead as you’ll have a good amount of money to invest, meaning you can start seeing some good returns right away. After you’ve completed the initial $1,000 deposit the minimum deposit drops sharply, to just $50, meaning you’ll have a lot more freedom to invest on your own terms. Although we do recommend doing larger deposits but less frequently, as that way you won’t get charged as much in fees.

To give you the most value, eToro only charges spread fees instead of maker/taker fees. This means you won’t be paying any direct fees but the buy/sell prices will differ by a few percent. 

eToro Fees

Coin Name Spreads
Bitcoin (BTC) 0.75%
Ethereum (ETH) 1.90%
Cardano (ADA) 2.90%
Binance Coin (BNB) 2.45%
Ripple (XRP) 2.45%

 

Pros

  • Fully regulated
  • 15-year track record
  • SSL encryption and cold storage for personal data
  • Spread only fee structure
  • Great features for beginners
  • Low minimum deposit, after the initial investment

Cons

  • $1,000 initial minimum deposit can be a big barrier
  • Could do with a bigger selection of indicators

67% of retail investor accounts lose money when trading CFDs with this provider. 

2. Rain – Best Middle Eastern Crypto Exchange

It can be beneficial to deal with an exchange close to home, as they’re generally more understanding of local culture and have the facilities to deal with more specific requests. This is where a platform like Rain shines, based in Bahrain, Rain focuses on delivering an excellent trading experience to those based in Middle Eastern countries. They primarily deal with Kuwait, Bahrain, Saudi Arabia, UAE, and Oman. 

Being based in Bahrain, Rain is regulated by the central bank of Bahrain and as such benefits from bank-grade security.  Rain is a very security-focused company and boasts that 98% of their cryptocurrency is kept offline in cold storage and secured in a safety deposit box. This means that even if an attacker was able to get through Rain’s online defenses your assets will remain completely safe. The private keys required to access these cryptocurrency reserves are sharded (split up) and then stored in multiple different safety deposit boxes, in a variety of geographical locations, meaning even if someone tried physically accessing these funds, they’d have to be in multiple places at once.

All in all, Rain is a very attractive platform for anyone wanting to buy Bitcoin Kuwait. They have excellent security features and a 24/7 support system to make sure nobody is left worrying. The only downsides are Rain is limited to residents of Kuwait, Bahrain, Saudi Arabia, UAE, and Oman, and if your bank is based outside of Bahrain you’ll be charged a flat 50 SAR fee on any deposits.

Rain Fees

Fee Type Fee Amount (%)
Buy via bank transfer 1.5%
Buy via card 4%
Sell 1.5%

 

Pros

  • Excellent security
  • 24/7 support
  • Regulated
  • Cold storage for funds

Cons

  • Only available in certain countries
  • Deposit fee for anyone outside of Bahrain

67% of retail investor accounts lose money when trading CFDs with this provider. 

3. Coinbase – Best Beginner Kuwait Crypto Exchange

Coinbase is the largest exchange in the USA and one of the biggest exchanges in the whole world. This level of popularity doesn’t come overnight, Coinbase has been operating for over 9 years and offers multiple platforms tailored to your skill level. As cryptocurrency is heavily regulated in the US you can be sure your money is safe, Coinbase is regulated by the FCA and NYDFS, 

The two platforms Coinbase offers are called “Coinbase” and “Coinbase Pro”, as the name implies Coinbase Pro is directed more toward experienced traders. For anyone with previous trading experience, Coinbase Pro will be the better option, it has a range of technical indicators and charting tools, but more importantly, has a different fee structure to the default Coinbase platform. I’ve summarized the different fees below, but essentially because Coinbase Pro is geared toward higher frequency and higher volume trades, it works out significantly cheaper in terms of fees. 

If you’re new to trading the Coinbase app is probably the better option. It has an incredibly simple-to-understand and navigate interface, meaning you won’t get overwhelmed by all the different options. On top of this simplified experience, Coinbase allows users to earn rewards for learning about different cryptocurrencies, generally consisting of a short, educational video and a series of questions. These quizzes take about 10-15 minutes to complete and pay out various amounts. While they won’t make you rich, it can make a nice addition to your holdings.

Coinbase Fees

Fee Coinbase Coinbase Pro
Wallet 1.49% 0%
Bank Deposit 1.49% 0%
Debit/Credit Card 3.99% 0%
Conversion 0.5% to 2% 0.5% to 2%
Trades $0.50 $0 to $0.50
Coinbase fee $0.99 to $2.99 Based on size of transaction  0.04% to 0.50% taker fee and a 0% to 0.50% maker fee

 

Pros

  • easy-to-use
  • Rewards system
  • Low fees on Pro
  • Great for beginners

Cons

  • Slow support
  • Verification needed
  • High fees on regular Coinbase

67% of retail investor accounts lose money when trading CFDs with this provider. 

4. Coinmama – Best Kuwait Crypto Exchange for Credit/Debit Card

Coinmama is well known in the crypto space and has been around for over 8 years, although operating mainly in Europe, Coinmama provides its services all over the world. They are currently available in over 180 countries, so regardless of where you reside, there’s a pretty good chance Coinmama will be supported. Coinmama is regulated by FinCEN, so you know the platform is safe.

Using a credit/debit card is often one of the most convenient ways to purchase anything online or in-store, although, in the crypto world, you tend to be severely limited when it comes to card spending limits. Coinmama however, specializes in credit/debit card transactions and as such, offers some of the highest spending limits when using this deposit method, at 20,000 USD/EUR each month. As with the majority of crypto exchanges, there are still some steep fees associated with using a credit/debit card, Simplex (Coinmama’s card processor) adds an additional 5% on top of any transaction fees. Luckily Coinmama offers a few different ways to pay with these being Visa, Mastercard, Cash (via Western Union transfer), and SEPA (Single Euro Payments Area)

The verification process can usually take quite a while, however, Coinmama states that through their platform you could be fully verified in as little as 2 minutes. For those looking to take advantage of a temporary dip in the market the ability to expedite the verification process can be crucial.

Coinmama Fees

Fee Type Fee Amount (%)
Transaction Fee 5.5%
Debit/Credit Card Purchase fee 5%

 

Pros

  • Quick verification
  • High spending limits
  • Available in the majority of countries


Cons

  • High credit/debit card fees
  • High transaction fees

67% of retail investor accounts lose money when trading CFDs with this provider. 

5. Trezor – Most Secure Kuwait Crypto Exchange

Trezor is very different from the other exchanges we’ve discussed, they’re a hardware wallet with an in-built exchange, as such they have a heavy focus on security. Although Trezor is a wallet first, and an exchange second, they’re still worth considering for anyone with privacy or security concerns, as nothing else will come close to the level of security they provide.

Unlike all the previously mentioned exchanges, Trezor is a hardware wallet and therefore a physical item, this comes with its own issues and advantages. The most important is security, as a hardware wallet your funds are kept offline and therefore you’re safe from any digital attacks, someone would have to physically get access to the device, as well as your pin code to access funds. It runs on open-source software so you don’t have to worry as much about any exploits in the code. 

Once you have your Trezor, you’ll need to set it up by downloading the required software and following all the on-screen instructions. After you’ve done this you’ll be free to make use of the in-built exchange and buy Bitcoin Kuwait, because it’s not a proprietary exchange the fees are a little higher than average, but still well below a lot of platforms, especially when factoring in credit/debit card fees. 

Trezor Fees

Fee Type Amount 
Cost Of Purchase $59 to $225
Network Fees Variable
Exchange Provider 0.5%

 

Pros

  • Excellent security
  • In-built exchange
  • Ships to Kuwait (unlike competitors)

Cons

  • Initial purchase price
  • High fees

67% of retail investor accounts lose money when trading CFDs with this provider. 

How to Choose the Right Kuwait Crypto Exchange for Your Individual Needs

The majority of large, international exchanges operate in Kuwait, so you’re spoilt for choice when selecting the best exchange Kuwait. It can be difficult to filter through all the information, which is why we’ve broken down some key factors you can look out for when picking which exchange is right for you.

Recommended Broker
eToro
Buy now

CFDs are complex instruments and carry a high risk of losing money quickly through leverage. 75% of retail investor accounts lose money when trading CFDs from this provider.

Recommended Broker
Capital.com
Buy now

CFDs are complex instruments that have a high risk of losing money quickly due to leverage. 72.6% of retail investor accounts lose money trading CFDs with this provider.

Recommended Broker
AvaTrade
Buy now

CFDs are complex instruments and carry a high risk of possible rapid loss of capital due to their leverage. 71% of retail investor accounts lose capital when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take high risk in losing your capital.

Rating
5.0
4.5
4.3
Mobile App Rating
1/10
10/10
9/10
Mobile App
Wallet
Number of Coins
311014
Trading Fees
SpreadsCommissionN/A
Deposit Fees
N/A$0N/A
Withdrawal Fees
5 USD$0N/A
Regulated
N/AYesCBI and MiFID in Europe
Min. Deposit
50$$20$100
Leveraged Trading
N/AYes1:2 for cryptocurrencies
Bitcoin
$65115.01$65173.61$65336.38
Ethereum
$4241.37$4166.45$4176.86
XRP
$1.17$1.14$1.16
Tether
$1.00N/AN/A
Litecoin
$212.46N/A$209.75
Bitcoin Cash
$653.61N/A$649.44
Chainlink
$27.68N/A$28.10
Cardano
$2.33$2.26N/A
IOTA
$1.27N/A$1.24
Binance Coin
$503.32$578.97N/A
Stellar
$0.40$0.39$0.40
EOS
$4.94N/A$4.87
Credit Card
Paypal
Sepa Transfer
Skrill
Sofort
Giropay
Neteller

Security and Regulation

One of the most important factors when selecting an exchange to invest your hard-earned funds is making sure the platform is reputable and reliable. Since the release of Bitcoin, there has been a huge amount of hacks directed at exchanges, and as such a lot of funds have been lost. When you’re dealing with a regulated exchange they have measures in place to make sure customers aren’t left out of pocket, in the event of the exchange being compromised. You should try and make sure whichever platform you pick is regulated by the FCA, ASIC, NYDFS, CySEC, or any major regulatory body relevant to your country.

Features

Using a fully-featured platform has its benefits, especially for more experienced traders. Every exchange will give you access to the basic buy/sell orders but here are some additional features to look out for:

  • Order Types: Having a variety of order types will be useful to anyone that’s used to using the standard order book format, but also provides benefits for people just starting out. One of the most important order types to look out for is a limit order, which allows you to set a price and have it automatically fulfilled.
  • Indicators/Charting Tools: Technical indicators and charting tools are crucial for technical traders but are still useful for anyone wanting to have a more in-depth understanding of trading.
  • Staking: Staking is a relatively new feature and as such isn’t supported by too many exchanges. However, it can still be a nice addition, as it allows you to earn interest on your long-term holds.

Fees

When selecting which is the best exchange to buy Bitcoin Kuwait, you need to take fees into consideration. Depending on the deposit method you prefer to use, fees can be minimal to a fairly large portion of your deposit. Typically credit/debit cards will incur the most fees so if you plan on using this method, it’s advisable to check how much each exchange will charge beforehand.

How to Get Started With The Best Exchange Kuwait – An eToro Guide

Now you’ve got all the required information to choose which exchange is right for you, we’ll run you through how to set up an account. For this example, we’ll be using our pick for the overall best Bitcoin exchange Kuwait, eToro. We selected eToro because they offer a great blend of security, additional features, and ease of use, making it a great platform for both beginners and experienced traders.

Step 1: Register

The first thing you’ll have to do when signing up for eToro is navigating to the eToro website, after this, you’ll have to click “Join Now” and fill out some basic information. You don’t have to worry about your details, because eToro protects personal data using SSL encryption. 

67% of retail investor accounts lose money when trading CFDs with this provider.

Step 2: Verify your Identity

Once you’ve signed up, you’ll have to verify your identity. This is because eToro is a regulated exchange. You’ll have to provide a photo ID (passport, driving licence) and also proof of address (bank statement, utility bill). After providing these documents you’ll have to complete a brief KYC (know your customer) questionnaire to prove you understand the risks associated with trading. 

Step 3:  Deposit Funds

After you’ve successfully verified your documents, all that’s left is to deposit funds to your eToro account. You can deposit fiat using a credit/debit card, wire transfer, or e-wallet. Alternatively, you can fund your account using crypto if you have some in a separate wallet.

 

Conclusion

It can be confusing when sifting through all the available Kuwait crypto exchanges, but after reading this guide you should have all the required knowledge to select the best exchange Kuwait. The best Bitcoin exchange will vary from person to person, however, after analyzing a variety of factors we can wholeheartedly recommend eToro as the best place to buy Bitcoin Kuwait. This is because it combines an excellent blend of security, trading tools, additional features, and convenience, making it great for anyone from a beginner to an experienced trader. 

1
$50Exclusive promotion
Our score10
  • Invest in a wide range of cryptocurrencies
  • Ability to copy more experienced investors and their decisions
  • eToro crypto wallet included which makes it beginner-friendly
0% Commissionstart TradingOur score 10

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About Jay Leonard PRO INVESTOR

Jay is a UK based cryptocurrency expert, specialising in fundamental analysis and medium to long term investments. He has a great deal of hands on experience in the space and a current focus on institutional adoption.