Best Crypto Exchanges in Kazakhstan
Find out the best crypto exchanges in Kazakhstan offering secure, compliant trading. Explore top platforms for safe transactions in KZT.
Summary: In Kazakhstan, the preferred method for investing in Bitcoin and other digital currencies is through exchanges approved by the Astana Financial Services Authority (AFSA). These platforms ensure secure transactions in Kazakhstani Tenge (KZT) via domestic banking services and debit or credit card payments.
After a thorough analysis, we've curated a list of the top 5 cryptocurrency exchanges available to Kazakhstani investors. These platforms are reliable and are highly recommended for anyone looking to invest in the market.
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Best Cryptocurrency Exchange in Kazakhstan
After evaluating over 20 cryptocurrency platforms, we've identified the best exchanges for Kazakhstani investors. Our selection criteria included compliance with local financial regulations, availability of various cryptocurrencies, user-friendly interfaces, options for depositing KZT, and competitive transaction fees. Below is our carefully researched list of the top five cryptocurrency trading platforms in the country.
1. Bybit
Bybit tops our list as the premier cryptocurrency exchange in Kazakhstan, trusted by over 20 million investors worldwide. The platform provides a secure trading environment, offering access to over 1,100 cryptocurrencies while complying with stringent regulatory standards, including a license from the Astana Financial Service Authority (AFSA). Bybit supports KZT deposits through local methods like bank transfers and credit/debit cards.
Bybit offers a wide range of trading tools, including staking, crypto options, and futures trading with leverage up to 100x. The exchange features low trading fees, starting at 0.01% for market makers and 0.06% for takers, high liquidity, and daily trading volumes exceeding $40 billion. These features, along with an active global community, establish Bybit as a leading platform in the market.
- Fees: Maker fees 0.01% and Taker fees 0.06%.
- Supported Cryptocurrencies: Over 1,000 crypto assets.
- Regulation & Licensing: Licensed by the Astana Financial Service Authority (AFSA).
- KZT Deposit Methods: Bank transfers, e-wallets, credit/debit cards.
2. OKX
OKX is the top choice for institutional investors in Kazakhstan, known for its extensive trading options. With over 300 crypto assets, OKX excels in spot trading, futures, crypto options, and margin trading. The industry-leading OKX Wallet enables users to interact with major layer 1 and layer 2 blockchains, including emerging ecosystems like Bitcoin inscriptions.
Headquartered in Seychelles and operating under a robust regulatory framework, OKX is a preferred platform for high-net-worth investors and active DeFi users. Its market depth, specialized OTC services, advanced API capabilities, and integration with leading web3 protocols such as AAVE, Uniswap, and Lido make it a standout choice.
- Fees: OKX offers competitive fees, including a 0.1% maker, a 0.2% taker fee and a standard 0.1% fee for spot transactions.
- Supported Cryptocurrencies: Over 300 digital assets, including futures and leveraged trading options.
- Regulation & Licensing: Operates from Seychelles, accessible to Kazakhstani investors.
- KZT Deposit Methods: Bank transfers, digital wallets, and card payments.
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3. Binance
Binance is a popular exchange in Kazakhstan, renowned for its deep liquidity and daily trading volumes exceeding $100 billion. Serving over 100 million users across 130 countries, Binance offers a wide selection of over 350 cryptocurrencies, ensuring high liquidity and integrity. The platform supports spot, futures, margin, and options trading, along with staking services and decentralized exchange (DEX).
Binance is licensed by the Astana Financial Services Authority (AFSA), reinforcing its commitment to regulatory compliance. It is highly regarded for its user-friendly interface, multilingual customer support, and streamlined KZT deposit options through bank transfers and credit/debit cards. It also offers user-friendly stablecoin staking options for users to earn up to 10% APY on assets like USDT.
- Fees: Binance charges 0.1% for spot trades and 0.06% for derivatives.
- Supported Assets: Over 350 cryptocurrencies.
- Regulation & Licensing: Licensed by the Astana Financial Services Authority (AFSA).
- KZT Deposit Methods: Bank transfers, credit/debit cards, Google Pay and Apple Pay.
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4. Gate.io
Gate.io is the top choice for altcoin enthusiasts in Kazakhstan, renowned for its extensive selection of over 1,700 cryptocurrencies. This platform is perfect for investors seeking diverse digital assets. With competitive fees starting at 0.1% for spot trades, Gate.io offers an attractive option in the crypto exchange market.
With a daily trading volume exceeding $7 billion and a community of over 14 million users, Gate.io demonstrates its strong global presence. The exchange enhances the trading experience with features like automated trading bots and a dedicated startup section, providing users with various market opportunities, including exclusive trading events and competitions.
- Fees: Maker fees starting at 0.1% and taker fees at 0.2%.
- Supported Cryptocurrencies: Over 1,700 digital assets.
- Regulation & Licensing: Based offshore in Seychelles, accessible to Kazakhstani traders.
- KZT Deposit Methods: Bank transfers and credit/debit cards.
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5. MEXC
MEXC stands out in Kazakhstan's cryptocurrency market for its high-leverage trading options, offering leverage up to 200x on futures. The platform supports over 300 cryptocurrencies, making it a versatile choice for traders seeking diverse digital assets. MEXC's robust framework is backed by an Estonian license and its Seychelles headquarters, ensuring strong security and regulatory compliance.
Tailored for traders, MEXC offers spot and margin trading, staking, and Initial Exchange Offerings (IEOs). With daily trading volumes exceeding $2 billion, MEXC demonstrates its capability to meet market demands while prioritizing user safety. The exchange's comprehensive trading solutions, competitive fees, and industry-leading leverage make it a popular platform for risk takers.
- Fees: Maker fees range from 0.020% to 0.060%, and taker fees from 0.060% to 0.080%.
- Supported Assets: Over 300 cryptocurrencies, including major assets and various altcoins.
- Regulation & Licensing: Complies with stringent regulatory standards, holding an Estonian license and based in Seychelles.
- KZT Deposit Methods: Bank transfers and credit card deposits.
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Is Crypto Regulated in Kazakhstan?
Kazakhstan has established a comprehensive regulatory framework for cryptocurrency activities, aimed at fostering innovation and ensuring security. The primary regulators include the Astana Financial Services Authority (AFSA) and the National Bank of Kazakhstan. These entities oversee licensing for cryptocurrency exchanges, custodial services, and mining operations, ensuring compliance with stringent regulatory standards to maintain transparency and consumer protection.
The regulatory landscape in Kazakhstan is designed to support the growth of the digital economy. Companies engaged in cryptocurrency activities must obtain relevant licenses from the AFSA, which involve rigorous checks and adherence to anti-money laundering (AML) and counter-terrorist financing (CFT) policies. This structured approach not only attracts investment but also ensures the integrity and stability of the cryptocurrency market.
How is Crypto Taxed in Kazakhstan?
In Kazakhstan, the taxation of cryptocurrency transactions is overseen by the State Revenue Committee. Profits from cryptocurrency mining are taxed as corporate income at a rate of 20% for business entities. Individuals involved in mining are subject to personal income tax, with rates ranging from 10% to 20%.
Capital gains from trading and investing in cryptocurrencies are taxed at a rate of 10%. Additionally, payments made using cryptocurrencies may incur a value-added tax (VAT) of 12%, depending on the transaction type. Compliance with these tax regulations is crucial for legal operation within Kazakhstan’s digital economy.
Bottom Line
Kazakhstan offers a well-regulated environment for cryptocurrency trading, making it an attractive destination for investors. The AFSA ensures that approved exchanges provide secure and transparent transactions in KZT through domestic banking services and credit/debit card payments.
Our top five recommended exchanges, Bybit, OKX, Binance, Gate.io, and MEXC, are reliable options for Kazakhstani investors. They excel in areas like deep liquidity, altcoin offerings, and high-leverage trading and meet stringent local regulatory standards, ensuring a safe and efficient trading experience.
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