Best Crypto Exchanges Ukraine

Best Cryptocurrency Exchanges Ukraine

After thoroughly evaluating the 22 cryptocurrency platforms available in Ukraine, we've identified the top five options. Our assessment considered essential factors such as compliance with National Securities and Stock Market Commission (NSSMC) regulations, the range of supported digital assets, overall user experience, UAH deposit options, and fees. Below is a comparison table of the five best exchanges for Ukrainian traders.

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1. Bybit

Bybit is one of the most popular cryptocurrency exchanges in the world that is home to over 30 million registered users in Ukraine across 160 countries. Known for its robust platform that offers advanced trading options, including spot, options and futures trading with up to 100x leverage. Users can trade a wide range of over 1,200 cryptocurrencies, benefiting from low fees and high liquidity. 

The main features include crypto loans that allow users to lend and borrow assets from the exchange, earn services with both single and double-sided staking options, an NFT marketplace, trading bots and a crypto debit card. As a global crypto investment platform, it can be used Ukrainian and provides live customer support in the language.

• Fees: Maker fee of 0.02% and taker fee of 0.055% for futures and 0.1% for spot trading.
• Supported Assets: Over 1,200 digital assets.
• Regulation & Licensing: Regulated by CySEC and available in Ukraine except for Russian-controlled regions (Crimea, Donetsk, and Luhansk).‍
• UAH Deposit Methods: Bank transfers, e-wallets, and credit or debit cards.

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2. OKX

OKX is an excellent choice for Ukrainian traders interested in decentralized finance (DeFi) and Web3 products. It offers a comprehensive platform that includes spot and futures trading with up to 100x leverage, staking, lending, and an extensive DeFi ecosystem. It supports over 300 cryptocurrencies and multiple UAH deposit methods, making it convenient for local users.

It has innovative financial products and services, including yield farming, liquidity mining, a crypto wallet, native token and access to various DeFi protocols. The platform is also known for its high security standards, protecting user assets with advanced technologies. Users can also reduce the trading fees by holding or staking the native token, OKB Coin.

• Fees: 0.1% maker fee and a 0.2% taker fee, plus a standard 0.1% fee for spot trading.
• Supported Assets: Over 300 digital assets.
• Regulation & Licensing: Complies with Ukrainian financial standards.‍
• UAH Deposit Methods: Bank transfers, online payment systems, and card transactions.

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3. Binance

Binance is the ideal cryptocurrency exchange for beginners in Ukraine, offering a simple interface with a wide range of trading options with spot and derivatives markets supported. Users can trade over 300 cryptocurrencies and use the Binance Earn program to earn interest on their holdings. The platform supports UAH deposits through multiple payment methods.

What makes Binance suitable for beginners is its intuitive interface, extensive educational resources, and a robust customer support system. It serves over 190 million users across Ukraine and 100 other countries and can be used in Ukrainian. The platform also provides a secure trading environment with advanced security measures to protect user funds.

• Fees: 0.1% fee for spot trading and 0.06% for derivatives.
• Supported Assets: Over 350 cryptocurrencies.
• Regulation & Licensing: Regulated in Europe and available in Ukraine.‍
• UAH Deposit Methods: Bank transfers, credit cards and debit cards.

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4. Gate.io

Gate.io offers the widest selection of cryptocurrencies in Ukraine with over 2,100 tokens to buy and trade. The platform provides access to spot and futures trading with leverage options up to 50x available, staking, lending, borrowing, trading bots and a crypto debit card. It is known for its zero trading fee purchases, which adds to its appeal among traders seeking an affordable platform.

With a 24-hour trading volume of over $5 billion and a registered user base exceeding 16 million, Gate.io demonstrates both its capacity and popularity in the crypto space. The platform also offers unique opportunities like trading bots and a startup section, which includes initiatives such as Gate Wealth Wednesday and various trading competitions.

• Fees: 0.1% for maker orders and 0.2% for taker orders.
• Supported Assets: More than 2,100 digital assets.
• Regulation & Licensing: Not regulated in Ukraine but available to residents.‍
• UAH Deposit Methods: Bank transfers, digital payment methods and cards.

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5. Kuna

Kuna is the leading cryptocurrency exchange in Ukraine, offering a platform tailored to the needs of local traders. It provides access to a variety of cryptocurrencies, fiat trading pairs, and a user-friendly interface. It supports UAH deposits and withdrawals, providing a seamless experience for Ukrainian users.

The platform’s commitment to compliance and transparency is evident in its adherence to GDPR and other relevant regulations. Furthermore, the platform’s founder, Mikhail Chobanyan, enhances community engagement through active communication, reflecting Kuna's focus on user support and a personalized trading experience.

• Fees: 0.25% per trade.
• Supported Assets: 15 cryptocurrencies.
• Regulation & Licensing: Licensed in Estonia and available for investors in Ukraine.‍
• UAH Deposit Methods: Bank transfers, credit cards, and several digital payment systems.

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Is Crypto Regulated in Ukraine?

Yes, cryptocurrency activities in Ukraine are regulated, with significant strides made since 2021 when the Ukrainian Parliament passed a law legalizing and regulating digital assets. The National Securities and Stock Market Commission (NSSMC) oversees the country’s crypto market, ensuring that exchanges and related services adhere to regulatory standards, including robust anti-money laundering (AML) measures and proper licensing requirements.

Ukrainian crypto regulations align with existing financial laws and operate under a comprehensive framework. The primary focus is on AML compliance, mandating that exchanges implement strict KYC (Know Your Customer) procedures to prevent illicit activities. This regulatory environment is supported at the national level, reflecting global best practices.

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How is Crypto Taxed in Ukraine?

In Ukraine, cryptocurrency transactions are subject to taxation, which is overseen by the State Tax Service of Ukraine. Profits from the sale of cryptocurrencies, whether converted to fiat currency or used for purchasing goods and services, are considered taxable income. Individuals are required to pay an 18% personal income tax on these profits, along with a 1.5% military tax.

The taxable amount is calculated based on the value of the cryptocurrency in UAH at the time of the transaction. Deductible costs include the original purchase price of the digital asset or the value of goods and services exchanged for it. Draft tax rules propose a preferential tax rate of 6.5% for individual gains from crypto sales, with the possibility of carrying forward losses to future tax years.

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How to Buy Bitcoin in Ukraine

For beginners interested in cryptocurrency investment, here’s a simple guide on how to buy Bitcoin through a digital asset exchange in Ukraine:

1. Open an Account: Visit a reputable exchange's website and create an account. Click on "Sign Up" and complete the verification process by uploading a photo ID and potentially a selfie or proof of address. 
2. Deposit Ukrainian Hryvnia (UAH): Navigate to the deposit section of your account, select UAH as your deposit currency, and enter the amount you wish to transfer. Confirm and complete the transaction using your preferred deposit method. 
3. Select Cryptocurrency: Search for Bitcoin (BTC) in the trading section. Choose the UAH/BTC pair to view the current market rate. Explore the available trading options, such as market and limit orders. 
4. Execute Trade: Click 'buy' or 'trade' to purchase Bitcoin. Enter the amount of Bitcoin you wish to buy or the amount of UAH you want to spend. Confirm the order details, including price and fees, and finalize the trade. 

This guide helps Ukrainian users start trading digital assets by outlining the steps from account setup to executing trades.

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Bottom Line

In conclusion, Ukraine's adoption of cryptocurrencies is fueled by economic challenges and supportive regulations. The 2021 legalization has boosted both international exchanges and local startups. Top exchanges for Ukrainian traders include Bybit, OKX, Binance, Gate.io, and Kuna. These platforms support UAH deposits and ensure secure trading, making crypto accessible in Ukraine.