Best Crypto Exchanges in Morocco

Best Crypto Exchanges in Morocco

Learn everything you need to know about the top crypto platforms in Morocco. Get started with a regulated exchange.

Summary: In Morocco, the preferred method for buying and trading Bitcoin, along with other cryptocurrencies, involves using digital asset exchanges that comply with Moroccan regulations. Users can opt for bank transfers, credit cards, or other convenient payment modes to deposit Moroccan Dirham (MAD) and trade digital currencies in alignment with local legal frameworks. 

We have thoroughly examined the top 5 cryptocurrency platforms in Morocco to guide you in venturing into the digital currency market. These platforms have been identified as the most trustworthy choices:

  1. Bybit - Best Overall Exchange in Morocco
  2. KuCoin - Best Altcoin Trading Exchange
  3. Gate.io - Best Cryptocurrency Selection
  4. Kraken - Best for Regulatory Compliance
  5. Bitstamp - Best for Institutional Traders
Best Crypto Exchange in Morocco
5.0 out of 5.0 by Datawallet.
Bybit is the number one cryptocurrency exchange in Morocco due to its free and instant MAD deposits which can be directly converted into 700+ cryptocurrencies with competitively low fees.
Available Markets
Spot, Futures and Options Trading on 770+ Cryptos.
Globally regulated with audited 1:1 reserves.
MAD Deposit Methods
Bank Transfer, Google Pay, Post Bank, Credit/Debit Card & more.

Content Guide

Top Crypto Platforms in Morocco

After a comprehensive assessment of over 30 cryptocurrency exchanges, we have discovered the premier trading platforms for Moroccan investors. Our ranking system considers vital factors such as compliance with the Bank Al-Maghrib regulations, the array of available digital currencies, user interface, fees, MAD deposit methods, and transaction fees, among other aspects, to provide a holistic appraisal of these platforms.

1. Bybit

Bybit is the best cryptocurrency exchange in Morocco thanks to its seamless UI that can be tailored to suit the needs of advanced traders and beginners. Adding to its appeal is the advanced charting interface, which allows users to carry out technical analysis with ease. The exchange provides robust security features, transparent proof of reserves, multiple order types, a diverse selection of assets, and efficient, multilingual customer service. 

Its sophisticated features, such as futures trading and leverage options up to 100x, further bolster its popularity among Moroccans. Bybit's platform is also well-optimized for high-speed transactions, making it the preferred choice for those who demand quick trade execution. Its dominance in the Moroccan market is a testament to its balanced approach to offering high-quality user experience and superior transaction performance.

  • Fees: Zero fee deposits and 0.1% fee for spot trading.
  • Supported Cryptocurrencies: Over 770 cryptocurrencies are available.
  • Regulation & Licensing: Globally regulated and trusted by 18 million users.
  • MAD Deposit Methods: Bank transfer, credit card, debit card, Google Pay, Post Bank, and more.

2. KuCoin

KuCoin has gained a reputation as the top altcoin trading exchange in Morocco, with its extensive support for more than 700 cryptocurrencies. This gives Moroccan traders an unparalleled opportunity to explore and invest in a diverse selection of altcoins. In addition to spot trading, KuCoin supports futures and margin trading, thus catering to various trading strategies.

A striking feature of KuCoin is its innovative, user-friendly interface, which makes the trading process seamless, even for beginners. The platform also offers unique features such as staking, lending, and a trading bot, enhancing the user experience. On the security front, KuCoin implements state-of-the-art measures to safeguard user assets, reaffirming its commitment to a secure trading environment.

  • Fees: Free deposits and a 0.2% fee on spot trading.
  • Supported Cryptocurrencies: 600+ Cryptocurrencies.
  • Regulation & Licensing: Unregulated in Morocco; hence no KYC requirements.
  • MAD Deposit Methods: Apple Pay, credit and debit card.

3. Gate.io

Holding its position as the exchange with the best cryptocurrency selection, Gate.io offers Moroccan traders access to more than 1700 digital assets. This extensive selection is unrivalled, enabling traders to trade a wide range of assets. The platform provides various order types, including spot trading, futures, margin trading, and periodic investment plans.

Gate.io is also a non-KYC exchange, which means that it does not require users to verify and submit identity verification documents to deposit or withdraw funds and make trades on the platform. This makes it an ideal option for Moroccan investors who wish to keep anonymity when investing in digital currencies like Bitcoin.

  • Fees: Zero deposit fees and 0.1% fee for spot trading.
  • Supported Cryptocurrencies: Over 1,700 cryptocurrencies are available.
  • Regulation & Licensing: Unregulated platform that does not require KYC or AML.
  • MAD Deposit Methods: Credit or Debit Card.

4. Kraken

Known for adhering to global regulatory standards, Kraken is the top exchange in Morocco for regulatory compliance. It supports over 60 cryptocurrencies and offers a secure and trustworthy platform for digital asset trading. Kraken's transparency and commitment to legal compliance are reflected in its operations, bolstering its credibility among Moroccan traders.

Kraken’s services include spot, futures, margin, and options trading and staking services. Additionally, Kraken offers advanced trading features such as indices and OTC desk, ensuring a versatile trading experience for users. Kraken's emphasis on user education, with resources for learning about cryptocurrency trading, also makes it a user-centric platform.

  • Fees: Deposit fees vary depending on the method, and there is a 0.16% fee for maker orders and a 0.26% fee for taker orders. 
  • Supported Cryptocurrencies: Over 60 cryptocurrencies are available. 
  • Regulation & Licensing: Complies with international regulatory standards. 
  • MAD Deposit Methods: Bank transfer, credit, and debit card.

5. Bitstamp

Bitstamp has distinguished itself as the best exchange for institutional traders in Morocco, supporting a selective range of cryptocurrencies. This emphasis on quality over quantity allows Bitstamp to maintain a highly secure and reliable platform. Its services, including real-time trading and advanced charting features, are tailored to meet the demands of high-volume trades, making it an ideal choice for institutional traders.

Its robust APIs offer seamless integration for institutional operations. This capability and the platform's strong emphasis on security ensure that institutional traders can confidently carry out their large-scale trading operations. Bitstamp has built a strong reputation in the cryptocurrency industry over ten years, further enhancing its credibility among Moroccan institutional traders.

  • Fees: 4% for deposits and 0.4% for trading crypto.
  • Supported Cryptocurrencies: Over 80 cryptocurrencies are available.
  • Regulation & Licensing: Regulated and licensed in 53 countries globally.
  • MAD Deposit Methods: Credit and debit card, Bank Transfer, Google Pay & Apple Pay.

Is Crypto Trading Legal in Morocco? 

Yes, the acquisition and trading of cryptocurrencies are legal in Morocco. While the Moroccan government does not identify cryptocurrencies as legal tender, they haven't forbidden their trade. Morocco has a relatively liberal approach towards cryptocurrencies, although the Bank Al-Maghrib, the nation's central monetary body, has issued cautions regarding the potential dangers tied to digital currencies.

Is Crypto Taxed in Morocco?

The legal standing of cryptocurrency in Morocco is intricate owing to the cautious approach of the Bank Al-Maghrib, the country's central banking authority. This institution has voiced numerous reservations about transacting with cryptocurrency, largely due to possible financial risks such as money laundering. 

In this setting, it's tricky to explicitly outline how the Moroccan General Directorate of Taxes (DGI), the country’s leading authority for tax administration, handles tax matters pertaining to cryptocurrencies. Given that cryptocurrencies operate in a legal gray area in Morocco, the DGI might not typically have a formal structure established to tax these digital assets.

How to buy Bitcoin or Crypto with MAD

For Moroccan investors wishing to venture into the crypto market using MAD (Moroccan Dirham), follow these steps: 

  • Choose a reliable exchange: Choose platforms that comply with Moroccan regulations and have a reputable standing in the cryptocurrency sphere. 
  • Set up and authenticate your account: Sign up using your email, create a password, and conclude the KYC (Know Your Customer) procedure by providing identification and proof of address documents. 
  • Deposit funds into your account with MAD: You can fund your account with MAD via bank transfers or other authorized payment methods. 
  • Buy cryptocurrency: Select the cryptocurrency you wish to purchase, define the amount, and then confirm the transaction. 
  • Protect your investments: Transfer your cryptocurrencies to a personal wallet for added security.

Bottom Line

In summary, Morocco's thriving cryptocurrency trading scene primarily depends on regulated digital asset exchanges. Among these, Bybit, KuCoin, Gate.io, Kraken, and Bitstamp are the top platforms for Moroccan investors, offering a blend of features like a wide array of digital assets, user-friendly interfaces, advanced trading options, and robust security measures. 

These platforms provide convenient deposit methods for the Moroccan Dirham and align with the country's legal framework, thereby ensuring a smooth trading experience for all types of investors, including beginners and institutional traders.

Frequently Asked Questions

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A Guide to Commonly Asked FAQs.

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