Best Crypto Exchanges in Venezuela

Best Crypto Exchanges in Venezuela

Find out which platforms rank as the best crypto exchanges in Venezuela for a safe and comprehensive crypto trading experience.

Summary: For those looking to invest in Bitcoin and cryptocurrencies in Venezuela, it's crucial to select platforms that comply with the standards set by the Venezuelan government's regulatory framework. These compliant exchanges enable users to deposit Venezuelan Bolívares (VES) via local bank transfers, digital payment methods, and credit or debit cards.

We have thoroughly reviewed and pinpointed the top 5 exchanges available to Venezuelan residents. These platforms stand out as the most reliable options for investors in the country, ensuring a secure and informed entry into the cryptocurrency market.

  1. Bybit - Best Crypto Exchange in Venezuela
  2. MEXC - Best Alternative for Leverage Trading
  3. Gate.io - Best Exchange in Venezuela for Altcoins
  4. OKX - Top Choice for Institutional Investors
  5. KuCoin - Good Overall Alternative
Best Crypto Exchange in Venezuela
5.0 out of 5.0 by Datawallet.
Bybit stands out as the best platform for Venezuela due to its comprehensive range of over 1,000 digital currencies, competitive fees, and adherence to international regulatory standards.
Available Markets
1,000+ Cryptocurrencies (Spot, Futures & Options).
Trading Fees
Free Deposits & 0.01% Trading Fees.
Venezuelan Bolivars (VES) Deposit Methods
Bank Transfer, Credit Card, Debit Card, PayPal and more.

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Best Cryptocurrency Exchanges in Venezuela

Following a comprehensive evaluation of over 15 cryptocurrency exchanges, we've pinpointed the leading platforms for Venezuelan investors. Our criteria for selection were centered around crucial aspects such as adherence to Venezuelan regulatory standards, a diverse range of digital assets, intuitive user interfaces, multiple options for depositing Venezuelan Bolívares, competitive trading fees, and additional pivotal factors.

Trading Fees
Deposit Methods
Key Features
Maker Fees 0.01% and Taker Fees 0.06%
Bank Transfer, Debit Card, Credit Card & E-Wallets
Staking, Options, Futures, Lending & More
Maker Fees 0.02% and Taker Fees 0.06%
Bank Transfer & Debit or Credit Card
200X Leverage, Staking, Options & More
0.08% Trading Fee and 0.1% Spread
Bank Transfer & Debit or Credit Card
Widest Altcoin Variety, Futures, Options & More
0.1% Trading Fees & 0.1% Spread
Bank Transfer & Debit or Credit Card
Options, Futures, OKX Wallet, DeFi Support & More
0.1% Trading Fees & 0.1% Spread
Bank Transfers, Debit Cards & Google Pay
Futures, Staking, Proof-of-Reserves & More

1. Bybit

Bybit has established itself as a leading cryptocurrency exchange in Venezuela, offering an essential service for local investors. This platform is particularly appealing for a broad range of users, from beginners to experienced traders, because of its intuitive design. With access to more than 1,000 digital currencies, Bybit is a standout choice in the crypto space. It guarantees secure transactions via its dependable and compliant platform, facilitating easy Venezuelan Bolívar (VES) deposits.

Bybit distinguishes itself with a vast selection of cryptocurrencies, staking options, and futures contracts, providing up to 100x leverage and demonstrating high liquidity. This adaptability suits various investment strategies. Its fee model is competitive, with a maker fee of 0.01% and a taker fee of 0.06%, and a global community exceeding 20 million users underlines its trustworthiness and efficiency in the cryptocurrency domain.

  • Fees: Maker fee at 0.01% and taker fee at 0.06%.
  • Supported Cryptocurrencies: Offers over 1,000 digital assets.
  • Regulation & Licensing: Adheres to international regulatory standards, confirming its operational excellence in Venezuela.
  • VES Deposit Methods: Includes bank transfers, electronic payments, and credit/debit cards, among other local methods.
Bybit Venezuela


MEXC has secured its position as the second-best option for Venezuelan cryptocurrency enthusiasts, featuring an expansive portfolio of more than 300 crypto assets and offering high-leverage futures trading, with leverage reaching up to 200x. This aspect is especially appealing to traders with a high level of expertise. With licensing in Estonia and a base in Seychelles, MEXC complies with stringent regulatory standards, ensuring a safe trading environment.

In Venezuela, MEXC caters to varied trading needs through services like spot and margin trading, staking, and Initial Exchange Offerings (IEOs). Its capacity to handle over $2 billion in daily trading volume demonstrates a strong commitment to market flexibility and user security. MEXC's extensive trading options, appealing fee structure, and focus on improving the user experience reinforce its position as a preferred platform for traders.

  • Fees: Provides competitive maker fees from 0.020% to 0.060% and taker fees between 0.060% and 0.080%.
  • Supported Assets: Features a broad array of over 300 cryptocurrencies, encompassing major assets and a variety of altcoins.
  • Regulation & Licensing: Holds an Estonian license and is headquartered in Seychelles, guaranteeing a comprehensive regulatory framework for users.
  • VES Deposit Methods: Offers several deposit methods, including bank transfers, debit, and credit cards.
MEXC Venezuela

3. Gate.io

Gate.io positions itself as the third-best cryptocurrency exchange for Venezuelan users, especially appealing to those interested in a wide range of altcoins. While it does not fall under the direct regulation of Venezuelan authorities, it remains accessible and highly relevant to investors in the country. The exchange is celebrated for its extensive selection of over 1,700 cryptocurrencies, meeting the needs of traders looking for variety in their digital asset portfolios.

With a significant daily trading volume that often exceeds $5 billion and a global user base of more than 14 million, Gate.io's worldwide appeal is bolstered by features such as automated trading bots and a dedicated section for startups, offering distinctive market opportunities. This includes exclusive trading events and competitions aimed at engaging traders.

  • Fees: Gate.io offers competitive trading fees, starting at 0.1% for maker orders and 0.2% for taker orders.
  • Supported Assets: Boasts a vast array of over 1,700 digital assets.
  • Regulation & Licensing: Based in Seychelles, Gate.io operates without direct Venezuelan regulation but is available to investors in Venezuela.
  • VES Deposit Methods: Supports a range of deposit methods, including bank transfers, debit cards, credit cards, and others.

4. OKX

OKX secures its spot as the fourth-ranking platform for cryptocurrency trading in Venezuela, showcasing a diverse portfolio of over 300 crypto assets. This includes leading cryptocurrencies like Bitcoin, Ethereum, Solana, and others, along with popular stablecoins such as USDT and USDC. It has grown into a comprehensive financial hub for investors, providing significant liquidity and a wide array of top-tier crypto assets.

A distinguishing feature of OKX is its dynamic DeFi ecosystem, fueled by the OKT Chain, which delivers functionalities comparable to those found on Binance's BNB Chain. This aspect of OKX facilitates high-yield DeFi investments, drawing traders in search of substantial returns. Beyond its extensive DeFi offerings, OKX caters to various trading needs with options for spot, margin, futures, and options trading. The exchange further enhances its attractiveness with an active NFT marketplace and efficient DeFi portfolio management tools.

  • Fees: OKX maintains competitive fees, with a 0.08% charge for spot trading.
  • Supported Cryptocurrencies: Features a comprehensive range of over 300 cryptocurrencies, including key stablecoins.
  • Regulation & Licensing: Adheres to international regulatory standards, providing a secure trading environment for Venezuelan users.
  • VES Deposit Methods: Enables a variety of deposit methods, including bank transfers and credit card options.

5. KuCoin

Rounding out our top five for Venezuelan crypto investors is KuCoin, known for its expansive global presence and extensive offerings. With a daily trading volume regularly exceeding $5 billion and a user base across over 200 countries, KuCoin is a major force in the cryptocurrency sphere. It offers an impressive array of over 700 cryptocurrencies, making it a comprehensive platform for well-established and emerging digital assets.

KuCoin emphasizes security, implementing advanced features like Proof of Reserves (PoR) to ensure a secure trading environment. Its allure is further enhanced by a wide range of trading features and the innovative Halo Wallet. Committed to customer service, KuCoin provides 24/7 support and has built a global community of 29 million users, establishing it as a trusted choice for Venezuelan traders.

  • Fees: KuCoin offers competitive fees, with a 0.1% charge for spot trading and 0.02%/0.06% maker/taker fees for derivatives.
  • Supported Cryptocurrencies: Hosts over 700 cryptocurrencies, including staking options for more than 100.
  • Regulation & Licensing: While not directly regulated in Venezuela, KuCoin is widely accessible to Venezuelan investors.
  • VES Deposit Methods: Supports various deposit methods, including bank transfers, digital wallets, and debit/credit card transactions.

Is Crypto Regulated in Venezuela?

Yes, it is legal to buy and own crypto assets in Venezuela. The country has progressively established a legal framework for cryptocurrencies, starting with the launch of its own national cryptocurrency, the petro, in December 2017. Despite facing legal challenges, the government has continued to advance its cryptocurrency regulations. The establishment of the National Superintendence of Cryptocurrencies ("SUNACRIP") in early 2019 marked a significant step towards creating a comprehensive regulatory environment for the creation, issuance, and operation of cryptoassets. 

Additionally, the legalization of bitcoin mining in September 2020, requiring miners to register and operate within the National Mining Pool ("NMP"), demonstrates Venezuela's commitment to integrating cryptocurrencies within its legal and economic systems, affirming the legality of buying and owning crypto assets in the country.

Is Crypto Taxed in Venezuala?

In Venezuela, the taxation of cryptocurrency transactions is overseen by the country's tax authority, SENIAT, under the amended Law on Financial Transactions Tax effective from 27 March 2022. This regulation imposes a 3.0% tax on payments made in foreign currency or cryptocurrency through Venezuelan banks or directly to designated "special taxpayers" without using foreign banks. Transactions with government-issued cryptocurrencies, like El Petro, are exempt from this tax. 

The tax rates can vary between 2% and 20%, depending on the transaction's nature and whether it involves Venezuelan banks. SENIAT also recognizes specific exemptions to reduce the tax burden on transactions such as securities trades, foreign exchange transactions, and payments with debit or credit cards in local currency, applicable until 25 February 2023.

Bottom Line

In conclusion, our comprehensive evaluation of cryptocurrency exchanges in Venezuela has highlighted the top platforms that are not only compliant with Venezuelan regulatory standards but also offer a diverse range of digital assets, user-friendly interfaces, and secure methods for depositing Venezuelan Bolívares. Bybit, MEXC, Gate.io, OKX, and KuCoin stand out as the most reliable choices for Venezuelan investors, ensuring a secure and informed entry into the cryptocurrency market.

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