Top Crypto Trading Platforms in Morocco

Cryptocurrency activities in Morocco have navigated challenging regulatory conditions since 2017, when the Office des Changes imposed strict prohibitions against digital assets. However, the government has since eased restrictions and allows citizens to use regulated global digital currency exchanges. Here is a comparison table of the 5 best crypto platforms for Moroccan investors.

1. Bybit

Bybit is the top crypto exchange for Moroccan traders, known for its diverse trading options, high liquidity, and broad range of innovative products. Launched in 2018, it supports over 68 million global users across 160 countries and handles an impressive daily trading volume exceeding $25 billion.

Thanks to its global accessibility, the platform can be used in Arabic and facilitates MAD deposits from Attijariwafa Bank and BCP. Users can trade over 1,800 digital assets via spot trading, perpetual futures contracts with leverage up to 125x, options trading, and newly introduced indices. 

The exchange prioritizes security through multi-signature cold storage wallets, real-time monitoring systems, and regular proof-of-reserve audits. Beyond trading features, it offers AI-powered market analysis via TradeGPT, trading bots, copy trading, plus staking and lending through Bybit Earn.

Platform Highlights:

• Fees: Spot trading fee of 0.1%.
• Supported Assets: Over 1,800 cryptocurrencies.
• Regulation & Licensing: Regulated globally and available in Morocco.
• MAD Deposit Methods: Bank transfers, debit/credit cards, Google Pay, Apple Pay, and third-party providers.

2. Binance

Binance is Morocco’s premier crypto exchange for institutional investors and advanced traders, recognized for its robust trading infrastructure. Since its launch in 2017, it has grown into the world's largest digital asset investing platform, trusted by over 235 million registered users across 180+ countries.

Institutional investors benefit from the advanced trading ecosystem, including spot, futures, and margin markets, complemented by a professional-grade OTC trading desk. It provides API integrations, VIP trading support, dedicated account management, and customized liquidity solutions.

It further enhances investor experience with additional products such as Binance Earn for staking, Launchpad for early-stage token access, and an NFT marketplace for trading, staking, and lending digital collectibles. The platform also takes transparency seriously with verified proof-of-reserves audits.

Platform Highlights:

• Fees: Competitive fees start at 0.1%.
• Supported Assets: Over 350 cryptocurrencies.
• Regulation & Licensing: Holds licenses and regulatory approvals in various global jurisdictions.
• MAD Deposit Methods: Bank transfers, debit cards and credit cards.

3. Gate.io

Gate.io is the go-to platform for accessing an unmatched variety of digital currencies, offering over 3,800 cryptocurrencies for spot, futures and options trading. Active since 2013, it supports 22 million registered users globally and processes daily trading volumes frequently surpassing $16 billion.

Moroccan traders appreciate Gate.io's innovative features like Pilot, highlighting trending blockchain projects, Launchpool for staking, trading bots and pre-market trading. It simplifies trading for beginners yet maintains advanced analytical tools and professional charts for experienced traders.

Additional services, such as the Web3 platform featuring decentralized wallets, multi-chain staking, cross-chain swaps, and DeFi trading, enhance user convenience and engagement. The exchange also provides Gate Pay for seamless crypto payments and Gate Card for convenient international transactions.

Platform Highlights:

• Fees: Trading fees start at 0.2%.
• Supported Assets: Over 3,800 cryptocurrencies.
• Regulation & Licensing: Holds an Estonian license and is accessible in Morocco.
• MAD Deposit Methods: Bank transfers, credit cards, debit cards.

4. Kraken

Kraken has become a trusted choice among Moroccan traders, emphasizing transparency, advanced security measures, and extensive product offerings. Established in 2011, it supports over 10 million global clients across 190 countries, processing quarterly trading volumes exceeding $207 billion.

The platform provides a straightforward yet powerful trading environment, featuring spot trading, margin trading with leverage up to 5x, and institutional-grade tools through Kraken Pro and Kraken Institutional. Its dedication to transparency is demonstrated by its 1:1 proof-of-reserves audits.

Additional standout features include flexible crypto funding options, recurring purchases, crypto staking opportunities offering yields up to 21% APY, and simplified DeFi products with Kraken Wallet. It also has comprehensive education resources and 24/7 Arabic-speaking customer support.

Platform Highlights:

• Fees: 0.16% maker and 0.26% taker fee.‍
• Supported Assets: Over 390 cryptocurrencies.
• Regulation & Licensing: Licensed in multiple jurisdictions and is available in Morocco.
• MAD Deposit Methods: Bank transfers, credit/debit cards and international wire transfers (SEPA/SWIFT).

5. BloFin

‍BloFin has become popular among Moroccan crypto traders who prefer a non-KYC exchange offering anonymity, seamless trading, and strong security measures. Launched in 2023, it gained traction by catering specifically to traders seeking privacy without compromising on performance. 

The platform provides spot trading, futures contracts, and a unified trading account accessible through an intuitive interface. Users appreciate the comprehensive crypto trading environment, which features advanced copy trading, derivatives with flexible leverage, and BloFin Earn for passive income opportunities. 

It prioritizes user security by integrating Fireblocks’ advanced cold wallet protection and real-time transaction monitoring powered by Chainalysis. Additional offerings include demo trading accounts for risk-free practice, attractive affiliate rewards up to 50%, and engaging promotions.

Platform Highlights:

• Fees: Spot trading fees start from 0.1%.
• Supported Assets: Over 550 cryptocurrencies.
• Regulation & Licensing: Not regulated.
• MAD Deposit Methods: Debit cards and credit cards.

Is Crypto Regulated in Morocco?

Cryptocurrency regulation in Morocco is approaching a significant turning point as the country's central bank, Bank Al-Maghrib (BAM), finalizes a comprehensive legal framework. Governor Abdellatif Jouahri recently announced that Morocco is adopting legislation to regulate crypto responsibly.

Developed in collaboration with international organizations such as the International Monetary Fund (IMF) and the World Bank, this regulatory framework aligns closely with the latest G20 guidelines. According to Jouahri, the law aims to address the inherent financial risks associated with cryptocurrencies without stifling technological advancement or innovation.

Extensive consultations involving national stakeholders and global institutions have shaped the framework, ensuring widespread support and clear standards for crypto usage. As Morocco moves towards formal adoption, the law is in a public consultation stage, pending government and parliamentary approvals.

How Is Crypto Taxed in Morocco?

Morocco currently lacks specific tax regulations for cryptocurrency transactions. However, the General Directorate of Taxes has indicated that gains from the sale or exchange of cryptocurrencies may be subject to capital gains tax at a rate of 20%. 

Income derived from crypto mining is considered business income and is subject to progressive income tax rates ranging from 0% to 38%. Additionally, using cryptocurrencies to purchase goods or services may trigger capital gains tax if the cryptocurrency's value has appreciated since acquisition. 

Taxpayers must report all crypto transactions on their tax returns and maintain documentation to ensure compliance with tax regulations. As the regulatory landscape evolves, individuals and businesses involved in cryptocurrency activities should stay informed about legislative developments.

Cryptocurrency Adoption in Morocco

Morocco's crypto market is projected to experience growth, with revenue expected to reach around US$110.1 million by mid-2025. By the same year, approximately 1.76 million Moroccans, accounting for around 4.55% of the population, are expected to participate in cryptocurrency actively.

This growth is driven primarily by increasing enthusiasm among Morocco’s younger, technologically adept population, despite the regulatory uncertainties that have characterized the local crypto market since the 2017 ban. 

With a clearer regulatory landscape soon to be introduced by Bank Al-Maghrib, major global crypto exchanges are increasingly accessible to Moroccan investors, facilitating secure and compliant transactions in Moroccan Dirham (MAD).

How to Buy Bitcoin in Morocco

‍Moroccan investors interested in purchasing Bitcoin should select reputable global exchanges supporting Moroccan Dirham (MAD) deposits. Here's a guide for buying BTC in Morocco:

1. Choose Exchange: Select platforms that are internationally trusted and accessible in Morocco, such as Binance, Coinbase, or Kraken.
2. Sign Up: Create an account on your chosen platform and complete the necessary identity verification procedures by providing valid personal identification and proof of residency. 
3. Deposit Funds: Add funds to your account using accepted payment methods, including bank transfers and credit or debit cards.
4. Purchase Bitcoin: Navigate to the Bitcoin purchase section, specify the amount of BTC you'd like to buy, carefully verify your transaction details, and finalize your purchase.

By following these steps, Moroccan users can acquire Bitcoin through globally regulated crypto exchanges.

Final Thoughts

As Morocco moves toward clearer cryptocurrency regulations, clarity and caution remain essential for traders and investors. 

While the government's regulatory framework is still taking shape, Moroccans already have reliable platforms to securely trade digital currencies, each suited to distinct needs, from privacy-focused BloFin to the institutional-grade infrastructure of Binance.