Compare Top Uzbek Crypto Exchanges

1. Binance

Binance is the world’s largest crypto exchange and is regulated by NAPP through its local company, COINPAY LLC. The home screen is built around the full stack (Spot, Futures, Earn), so once your account is live, you can move from a basic buy to the trading terminal with ease.

The reason it’s best overall for Uzbekistan isn’t branding, it’s scale. Binance reports 300 million users and ~$107.7B in daily trading volume. That matters because it translates into tighter spreads, better fills, and more reliable liquidity on the pairs Uzbek traders actually use.

Security-wise, Binance leans hard on its emergency backstop: the SAFU fund, created in 2018, with a stated reserve of 1,000,000,000 USDC as of September 2025 (wallet published publicly). The platform can also be used in Uzbek and provides live local customer support in the language.

Pros

• Binance operates in Uzbekistan on a crypto exchange license No CE#0004 issued to COINPAY LLC.
• Offers instant UZS deposits via bank card (Humo) with zero deposit fees.
• Proof of Reserves that shows 1:1 backing of all user funds and assets.

Cons

• The P2P marketplace is powerful but not set-and-forget; pricing and merchant quality vary, so you need to filter carefully.
• The app has multiple buy modes; the simple buy flow can hide a worse “all-in” price than the spot trading screen.
• Product availability can shift by region and policy, so you must confirm which features are live on your Uzbekistan account before planning around them.

2. Kraken

If you’re running size or managing treasury in Uzbekistan, Kraken is the venue we point institutions toward when they want process, reporting, and execution that feel finance-native. Kraken has been operating since 2011, supports 190+ countries, and lists 600+ cryptocurrencies.

Kraken is licensed as a Crypto Asset Service Provider under MiCA by the Central Bank of Ireland. That matters if your internal policy wants a clear regulatory anchor for counterparties, especially when you’re wiring funds, booking crypto exposures, or answering bank questions.

Operationally, Kraken’s institutional advantage is the stack around the trade: Kraken Pro for advanced execution, OTC for block trades, and a low-latency API. On transparency, Kraken runs a Proof of Reserves program that lets clients verify balances are backed by assets held in custody.

Pros

• Kraken Institutional brings spot, futures, OTC, and staking into one institutional-facing setup with dedicated support.
• Proof of Reserves workflow that enables client-level verification of in-scope balances.
• Security tooling and posture are a central selling point, not a footnote.

Cons

• Not every fiat on-ramp is equally practical for Uzbekistan residents; plan on USDT bridging if direct rails aren’t available on your account.
• KYC can feel stricter than fast-signup competitors, which is a feature for institutions but friction for casual users.
• Does not offer local-language customer support for Uzbekistan.

3. Bitget

Bitget is the one we bring up when someone says, “I want exposure, but I don’t want to trade all day.” Its flagship product is copy trading, where you follow a verified trader and automatically mirror their positions in spot and futures, which is why it’s taken off with newer users.

In use, Bitget feels built around trading features first. You’ve got spot, margin, and derivatives, plus the copy module sitting front and center. That matters because, if you’re copy trading, you want quick controls: stop copying, risk sizing, and clear visibility into open positions.

Bitget also offers a $475M protection fund, Proof of Reserves with a 1:1 reserve ratio, and cold storage using offline multi-signature wallets. It also pushes TradingView connectivity, so if you already chart on TradingView, you can trade with the same workflow instead of learning a new UI.

Pros

• Copy trading is a flagship feature with multiple modes (spot, futures, bot), which fits Uzbekistan users who want guided execution.
• The user interface can be accessed in Uzbek, and there is local support available.
• Supports direct UZS deposits via credit or debit card, with additional P2P options available like Anorbank, Humo, Uzcard, and Unired.

Cons

• The platform is not directly licensed in Uzbekistan but holds multiple regulatory licenses throughout Europe and Asia.
• Fees and performance drag can come from strategy churn and slippage, especially in volatile markets.
• As a derivatives-focused platform, the UI can be overwhelming for beginners.

4. Bitunix

When we test Bitunix for Uzbekistan readers, it feels built for one job: trade fast, mostly in USDT pairs. The platform puts Futures front and center, and the market layout is exactly what you’d expect from a derivatives-first exchange: quick pair search, instant chart access, and easy deposits.

The big hook is the promo stack. Bitunix offers 10,000 USDT in exclusive perks to new users, and registration takes about 1 minute. This is useful if you already planned to trade and want a bonus margin for fees, but we’d treat it like a rebate, not a reason to pick an exchange on its own.

From a workflow perspective, Bitunix leans into fast execution, high-leverage products, and a broad list of pairs on its mobile app. That’s good for traders, but it also means you need tighter self-control on risk, especially if you’re coming in from a USDT on-ramp and jumping straight into futures.

Pros

• Diverse trading features, such as spot, futures, and options, with add-ons like copy trading and Earn products.
• Strong security standards with a 1:1 reserve claim, Proof of Reserves, plus Fireblocks/Elliptic integrations, and a Tax Report option for record-keeping.
• The platform’s user interface is accessible in Uzbek.

Cons

• Reward promos can push users into overtrading; don’t let bonuses drive position sizing.
• High leverage is a sharp tool; it’s easy to blow up a small account quickly.
• Bitunix is not licensed in Uzbekistan but is still accessible from the country and is not blocked.

5. Phemex

Phemex is built around derivatives. If you’re a futures trader, the platform promotes contract trading, with a matching engine designed for fast execution and the usual advanced order tools. Their own docs position futures as a flagship product with up to 200x leverage on many listings.

It advertises 514 futures pairs, up to 100x leverage, and $2.35B daily futures volume, plus 647 spot pairs and $835.37M daily spot volume. It also pushes extras that futures traders actually use: Trading Bots, copy trading campaigns, and a Phemex Lending Protocol for one-click borrowing.

Security and trust messaging is standard but still worth noting: Phemex claims 100% Proof of Reserves using a Merkle-tree model, partnerships with custody providers like Fireblocks, and 70%+ of assets in cold storage under multi-sig controls.

Pros

• Clear contract fee schedule (maker/taker published) that helps active traders model costs.
• Feature-rich platform with trading bots, copy trading, staking, and one-click borrowing (lending protocol) for margin-style workflows. 
• Publishes solvency/security claims clearly with 100% Proof of Reserves, cold storage, and custody-provider partnerships.

Cons

• Not directly licensed in Uzbekistan, but still remains accessible to users. We tested this directly from the country and had no issues signing up.
• The reward/promo layer is heavy (welcome rewards up to $15,000), which can push new users into overtrading instead of learning risk control.
• 100x futures is a liquidation machine for beginners; if you’re not strict with sizing and stops, one bad move can wipe your account.

6. UzNEX

UzNEX is a Tashkent-based, licensed exchange built for users who want a platform that feels local. It pushes safety and compliance hard with multi-signature wallets, strict AML/KYC language, and 24/7 support, which matters in Uzbekistan, where people care about security.

Product-wise, UzNEX isn’t trying to be everything. It keeps the menu tight: Spot and Futures, staking, and an NFT marketplace. On the homepage, it surfaces live markets and volumes (BTC/ETH/USDT and others) to show there’s real activity, not just a logo and an empty order book.

UzNEX lists integrations/partners that prioritize compliance over marketing, including Sumsub and Chainalysis, plus payment and local fintech logos like Mastercard and Octobank on the site. It also promotes the UzNEX card, which allows users to spend crypto on real-life purchases. 

Pros

• Positioned as a locally licensed exchange operating under the NAPP framework, which can reduce regulatory surprise for Uzbekistan users.
• Signals a serious risk-control posture with listed compliance/security partners and multi-signature wallet messaging.
• Local ecosystem products (including NFT-related offerings) are tied to the brand’s domestic footprint.

Cons

• Liquidity can be thinner than the biggest global venues, which can widen spreads on size.
• Product depth may be narrower than global exchanges (fewer trading modes, fewer niche listings).
• If you’re an advanced futures trader chasing deep perpetual markets, global derivatives venues may still be more suitable.

How to Choose a Crypto Exchange in Uzbekistan

In Uzbekistan, picking an exchange isn’t about which brand is loudest globally. In our checks, the right choice is the platform that works end-to-end for Uzbekistan: signup → KYC → funding → trading → withdrawal, without forcing you into dead ends.

Step 1: Confirm it’s allowed for Uzbekistan users

Uzbekistan runs crypto through a licensing system led by the National Agency of Perspective Projects (NAPP), which publishes and licenses local service providers.

Also, the trading rules explicitly prohibit buying/selling and swapping crypto outside service providers (unless a law says otherwise). If an app lets you sign up but isn’t operating within that framework, you’re taking extra risk on access, support, and continuity.

Step 2: Stress-test onboarding and KYC before depositing

This is where “works in Uzbekistan” becomes real. When we test, we look for:

• Can you select Uzbekistan during signup and get an SMS code without endless retries?
• Does KYC accept your documents cleanly (common friction: blurry edges, name spelling differences, selfie/liveness failures)?
• Do you get stuck in a “reviewing” loop after submission?

If an exchange fails here, stop. Don’t try to brute-force it with repeated uploads for two days.

Step 3: Choose the funding method that clears

Most readers in Uzbekistan end up using one of two paths:

• Card deposit (fast when it works, but declines and extra checks are common), or
• P2P (often works, but pricing and merchant quality vary)

In practice, the clean method is often UZS → USDT → trade, because USDT is the bridge that gives you the best liquidity and the most usable pairs once funded. If card funding fails, move to a cautious P2P flow with strong merchant filters and proof checks.

Step 4: Judge the exchange on the fees you actually pay

We don’t judge fees by marketing pages. We judge them by the “all-in” cost:

• Use the advanced trading screen with maker/taker pricing for BTC/USDT, not a one-click buy button that bakes in a spread.
• Check withdrawal fees and limits before you buy. Some platforms feel cheap until you try to move funds out.
• Keep receipts/exports. Even with Uzbekistan’s crypto-friendly tax treatment in parts of the framework, you still want clean records for bank questions and source-of-funds checks.

Bottom line: the best exchange in Uzbekistan is the one that clears the three friction tests: KYC, funding, cash-out, and lets you trade on a real order book without paying a hidden markup.

Crypto & Bitcoin Regulation in Uzbekistan

Crypto is legal in Uzbekistan, but it’s tightly boxed in by a licensing model. The key rule is that residents are expected to deal only through locally licensed crypto-asset service providers, supervised by the National Agency of Perspective Projects (NAPP).

What this means day to day is simple: Uzbekistan’s framework is built around licensed domestic entities (exchanges, custodians/depositories, mining pools, and “crypto stores”), with licensing granted for an unlimited period and published in the regulator’s electronic register. 

Recent reporting from local news outlets like UZ Daily describes a controlled testing regime scheduled to begin January 1, 2026, where stablecoins may be used for payments inside a supervised sandbox run jointly with the Central Bank of Uzbekistan and NAPP. This is generally framed as a pilot environment, not an unrestricted “crypto becomes money” switch.

How Does Soliq Tax Crypto?

Uzbekistan’s crypto tax rule is unusually simple on paper. The State Tax Committee (Soliq) states that crypto-asset turnover is not taxed, and income from those operations is excluded from the taxable base for taxes and other mandatory payments, including for non-residents.

Tax rules for individuals

• No capital gains tax on profits from buying/selling or swapping crypto, as long as the activity falls under “crypto-assets turnover” in the country’s framework.
• In practice, you’ll still face KYC and source-of-funds checks at licensed platforms, and those platforms are required to retain transaction and identification data for years, which affects how “private” your activity feels even if it’s tax-exempt.

Tax rules for businesses

• The same exemption applies to operations tied to crypto-asset turnover, but Uzbekistan pairs it with a controlled licensing approach.
• Service providers don’t get a free pass on costs: legal entities operating in the crypto sector pay state fees and other charges linked to licensing and operation (separate from income tax). 

If you’re a resident trading crypto in Uzbekistan, the headline is 0% taxation on crypto turnover and related income under the current framework. The tradeoff is compliance intensity: licensing, data retention, and bank-style checks are baked into the system.

Cryptocurrency Adoption in Uzbekistan

Crypto adoption in Uzbekistan is no longer a tiny “early adopter” crowd. It’s a real retail market now, but one shaped by a license-first setup where most activity clusters around USDT (as the practical bridge asset) and the handful of platforms and rails that actually work for onboarding and funding.

According to Statista Market Insights, these are the current statistics regarding cryptocurrency in Uzbekistan:

• Crypto users (2026): ~1.56 million
• Population penetration (2026): ~4.32%
• Total crypto revenue (2026): ~US$60.3 million

How to Buy Bitcoin (BTC) in Uzbekistan

Buying Bitcoin in Uzbekistan is less about “what’s the best app” and more about what actually works for UZS onboarding, funding, and cash-out. Here’s a quick guide to help you buy BTC:

1. Pick a platform available in Uzbekistan: Start with an exchange where you can select Uzbekistan during signup and complete verification without getting stuck. If onboarding is blocked or funding methods don’t show, switch immediately; don’t waste a day fighting the app.
2. Complete identity verification (KYC): Expect the standard flow: ID upload + selfie/liveness. The most common failure points we see are blurry ID photos, name mismatches from transliteration, and selfie loops.
3. Fund your account: Most Uzbek users end up funding through card deposit (fast, but more declines and higher fees), or P2P (often works, but pricing and merchant quality vary).
4. Buy Bitcoin: Avoid the default “instant buy” screen if you care about price. Go to the trading interface and use a BTC/USDT market order if you want it now, or a limit order if you want a better entry price.

If you’re not trading actively, we transfer BTC to a hardware wallet like Ledger or Trezor, so you control the keys. The rule is simple: exchange for trading, wallet for storage.

Final Thoughts

The best crypto exchange in Uzbekistan in 2026 is the one that clears three real-world tests before you commit serious money: KYC passes first try, your funding method actually shows up and settles, and you can withdraw without delays or surprise limits. 

Before you deposit, run a 10-minute stress test: complete verification, check which funding rails actually appear on your account, place a small limit order (not instant buy), then withdraw a tiny amount to confirm fees and speed. 

If any step throws a region warning, missing payment methods, or slow support, switch platforms immediately and keep your main balance on the venue that proved it can handle cash-out when you need it.