Top Crypto Trading Platforms in Qatar

After completing a comprehensive analysis of over 50 trading platforms, our team has identified the top five exchanges for Qatari investors. We determined which were the best five options by comparing various components including available features, fees, regulatory compliance, deposit methods, and other relevant factors of each platform.

As a result of our analysis, we have provided a comprehensive guide to the Best Five Crypto Exchanges in Qatar, which can be found below.

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‍1. Rain

We have selected Rain as the best Crypto exchange in Qatar as it is widely regarded to be the most secure trading platform in the Middle East. Rain is based in Bahrain and is available to use in 6 countries, which includes Qatar. The exchange is licensed by the Abu Dhabi Global Market and is regulated by the Central Bank of Bahrain. Additionally, it is the only exchange globally that offers zero investment fees. However, it does not currently support QAR deposits.

  • Fees: There are no deposit or trading fees on Rain, withdrawals are $15 per transaction.
  • Supported Assets: Buy and sell 100+ Cryptocurrencies.
  • Regulation & Licensing: Licensed by the ADGM and regulated by the CBB.
  • Customer Support Options: 24/7 Arabic-speaking support via live chat, email, phone & social media.
  • QAR Deposit Methods: QAR deposits are not supported but users can deposit with other fiat currencies with bank transfer, debit/credit card, Fawri, Easy Deposit & Fawri+.
Rain.

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‍2. Bybit

Bybit is our second-best pick for Qatari investors and is a global platform based in Singapore that offers support to over 180 countries including Qatar. One benefit of using Bybit is that it doesn't require you to KYC in order to deposit, trade and withdraw funds. Another reason its a great option is the platform can be used in Arabic and offers 24/7 Arabic-speaking customer support. It also accepts QAR deposits and offers proof-of-reserves showing users funds are held 1:1.

  • Fees: There are no deposit or withdrawal fees on Bybit. For spot trading, the fee is 0.1% and for futures trading, the maker/taker rebate is 0.01%/0.06%.
  • Supported Assets: Buy and sell 400+ Cryptocurrencies.
  • Regulation & Licensing: Not regulated by any government authority (hence no KYC requirements), but does provide proof of reserves.
  • Customer Support Options: 24/7 Arabic-speaking customer support via live chat, email, and its Social Media Communities.
  • QAR Deposit Methods: Credit Card & Google Pay.
Bybit

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3. Uphold

Uphold is the third pick as it is considered the most secure and trusted exchange in the world. It is regulated and licensed in over 150 countries and provides audited proof of reserves, highlighting that assets are backed 1:1 on the platform. It accepts QAR deposits by Credit/Debit Card and Apple/Google Pay. The only downside of this exchange is that is doesn't offer Arabic-speaking customer support. However, it does have a wide range of features, services and products.

  • Fees: Free withdrawals and deposits on all methods except card deposits, which are subject to a 2.49% fee. Crypto trading fees vary between 0.8% - 1.2%.
  • Supported Cryptos: Buy and sell 250+ Cryptocurrencies.
  • Regulation & Licensing: Regulated by the FinCEN and licensed to operate in the Qatar.
  • Customer Support Options: 24/7 support via live chat, email, phone, and social media including Twitter, Facebook & Instagram. There is no Arabic-speaking support.
  • QAR Deposit Methods: Credit/Debit Card, Google Pay & Apple Pay.
Uphold

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4. OKX

OKX is our fourth best Cryptocurrency exchange in Qatar as it accepts QAR credit & debit card deposits. It is another exchange that provides proof of reserves and it is regulated in Malta. We chose OKX as it offers a simple UI, good security and a wide range of features including a DeFi hub with the OKX wallet, OKX Chain, OKB token, NFT marketplace and virtual trading platform where users can make trades with paper money and practise trading strategies.

  • Fees: Deposits and withdrawals charge a spread of 0% - 1%, depending on the method. For spot trading, the fee is 0.1% and for futures trading, the maker/taker rebate is 0.02%/0.05%.
  • Supported Assets: Buy and sell 240+ Cryptocurrencies.
  • Regulation & Licensing: Licensed in Malta and provides proof of reserves.
  • Customer Support Options: 24/7 customer support via live chat, email, and its Social Media Communities. There is no Arabic-speaking support.
  • QAR Deposit Methods: Credit & Debit Card.
OKX

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5. KuCoin

KuCoin is the fifth-best trading platform in Qatar and supports the widest range of tokens on this list with over 600 to trade. Our team selected KuCoin as the last option as it does support QAR deposits but only via one payment method. Although, the platform can be used in Arabic but they do not offer Arabic-speaking customer support. This exchange does offer a wider range of Cryptocurrency but it lacks in security, and thats why we recommend Rain or Bybit.

  • Fees: Deposits and withdrawals are free. For spot trading, the fee is 0.2% fee and for futures, the maker/taker rebate is 0.02%/0.06%.
  • Supported Assets: Buy and sell 600+ Cryptocurrencies.
  • Regulation & Licensing: Unregulated hence no KYC requirements.
  • Customer Support Options: 24/7 customer support via live chat, email, and its Social Media Communities. There is no Arabic-speaking customer support.
  • QAR Deposit Methods: Apple Pay.

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How is Crypto Regulated in Qatar?

The Qatar government has not yet enacted any specific legislation governing or regulating Cryptocurrencies. However, the Qatar Central Bank (QCB) has issued a warning to financial institutions and individuals regarding the risks associated with Cryptocurrencies, including their potential use for illegal activities such as money laundering and terrorism financing.

Despite the lack of specific regulations, it is important for investors in Qatar to remain cautious when dealing with digital assets. The Qatar Financial Centre Regulatory Authority (QFCRA) has indicated that it is currently in the process of developing a framework for Cryptocurrency regulation. It is likely that this framework will include measures to combat money laundering.

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Is Crypto Taxed in Qatar?

As of 2023, there is no specific tax laws in Qatar that apply to Cryptocurrencies. This means that Cryptocurrency transactions are not subject to any form of tax in Qatar, this includes zero income tax, capital gains tax, or value-added tax (VAT). However, it is important to note that the Qatar government has indicated its intention to introduce a tax system in the near future.

Although there is not currently any specific tax requirements on Cryptocurrency, individuals and businesses in Qatar are still advised to keep accurate records of their Cryptocurrency transactions. This is because the Qatar government may request these records in the future if they decide to introduce Cryptocurrency taxes.

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Bottom Line

As mentioned above, our expert team throughly investigated the top trading platforms for Qatari investors and found that Rain is the best Crypto exchange in Qatar. It is the most secure option in the Middle East and offers zero fees to deposit funds or buy Crypto. If you are a user who prefers anonimity and prioritises privacy, we recommend using Bybit as it is a trusted exchange that does not require KYC.