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: Venezuela's turbulent economic conditions have led many residents to turn to cryptocurrencies as a viable alternative for financial stability. This emerging trend shows the importance of reliable exchanges for local traders. While the regulatory environment remains fluid, several platforms have established themselves as trustworthy options for Venezuelans. 

For local traders who are beginning their journey into crypto investments, we have compiled a guide to the top 5 digital currency trading platforms in Venezuela:

  1. Bybit - Best Crypto Exchange in Venezuela
  2. MEXC - Great for Trading High Leverage
  3. Gate.io - Diverse Selection of Cryptocurrency
  4. OKX - Top Choice for Institutional Investors
  5. KuCoin - Good Altcoin Trading Platform
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

We evaluated 12 cryptocurrency platforms operating in Venezuela to find the best options for local traders. Our review focused on security measures, user experience, fee structures, supported digital currencies, VES deposit methods, trading features, and overall reliability. The comparison table below offers detailed insights into the top 5 exchanges for Venezuelan traders and investors:

Trading Fees
Deposit Methods
Key Features
Maker Fees 0.02% and Taker Fees 0.055%
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 is the leading cryptocurrency exchange in Venezuela, offering a Spanish interface for local investors. It services over 28 million users in 160 countries and has a daily trading volume of over 15 billion, making it one of the largest investment platforms globally. Users can access more than 1,100 digital currencies to trade on spot, futures and options markets with up to 100x leverage on 180 derivatives contracts. 

It facilitates easy Venezuelan Bolívar (VES) deposits through Banesco and bank transfers. In addition to trading, Bybit provides staking, lending and borrowing services, an NFT marketplace, copy trading, a crypto card, a demo account and a trading bot. This adaptability suits various investment strategies. Its fee model is competitive, with a maker fee of 0.02% and a taker fee of 0.055% for futures and 0.1% for spot markets.

  • Fees: Maker fee at 0.02% and taker fee at 0.055% and 0.1% for spot trading.
  • Supported Cryptocurrencies: Over 1,100 digital assets.
  • Regulation & Licensing: Adheres to international regulatory standards, including those in Venezuela.
  • VES Deposit Methods: Bank transfers, electronic payments, Mercantil, Pago Movil, and Banesco.
Bybit Venezuela


MEXC is a derivatives trading platform supporting over 800 crypto assets and to buy and trade on spot and futures markets with leverage options reaching up to 200x. This aspect is especially appealing to traders with a high level of expertise. There is over $3 billion in daily trading volume across both order books. It has obtained licensing in Estonia and is based in Seychelles but complies with Venezuelan regulations. 

Aside from trading, there are demo accounts, which allow users to practise strategies without risking capital, copy trading services, crypto loans that allow you to lend and borrow assets, a Launchpad feature and more. As a global exchange, it has live customer support in several languages and a multilingual interface available in Spanish, making it accessible to Venezuelan investors.

  • Fees: Maker fees from 0.02% to 0.06% and taker fees between 0.06% and 0.08%.
  • Supported Assets: More than 800 cryptocurrencies.
  • Regulation & Licensing: Holds an Estonian license and is available in Venezuela.
  • VES Deposit Methods: Bank transfers, debit, and credit cards.
MEXC Venezuela

3. Gate.io

Gate.io is a cryptocurrency exchange that is known for having the most diverse selection of digital assets worldwide. It has an extensive collection of 1,700 cryptocurrencies to buy, sell and trade on spot and derivatives markets with 100x leverage. While it does not fall under the direct regulation of Venezuelan authorities, it remains accessible and highly relevant to investors in the country, providing a Spanish user interface.

The platform reaches a significant daily trading volume that often exceeds $7 billion and a global user base of more than 14 million. Unique features include copy trading, staking services, crypto loans, a crypto debit card, an NFT marketplace, trading bots, OTC desk, token and airdrop launch platform and slot auctions. The earn products are especially rewarding with Simple Earn APY reaching up to 499%.

  • Fees: 0.1% for maker orders and 0.2% for taker orders.
  • Supported Assets: Over 1,700 digital currencies.
  • Regulation & Licensing: Based in Seychelles but is available to investors in Venezuela.
  • VES Deposit Methods: Bank transfers, debit cards and credit cards.

4. OKX

OKX is a Hong Kong-based digital asset exchange with a diverse portfolio of over 300 crypto assets like Bitcoin, Ethereum, Solana, and popular stablecoins such as USDT and USDC. It has grown into a comprehensive financial hub for global investors with accessibility in over 180 countries, including Venezuela and has a Spanish interface. There are several local payment methods for depositing VES also supported, simplifying the deposit process.

A distinguishing feature of OKX is its dynamic DeFi ecosystem, fueled by the OKT Chain and native token, OKB Coin which powers the blockchain. This aspect of OKX facilitates high-yield investments, drawing traders in search of substantial returns. The exchange further enhances its attractiveness with an active NFT marketplace, on-chain staking, crypto wallet and efficient DeFi portfolio management tools.

  • Fees: 0.1% charge for spot trading and a maker/taker rebate of 0.02%/0.07%.
  • Supported Cryptocurrencies: 300 cryptocurrencies.
  • Regulation & Licensing: Adheres to international regulatory standards and is available in Venezuela.
  • VES Deposit Methods: Bank transfers and credit cards.

5. KuCoin

KuCoin is known for its expansive global presence and extensive altcoin offerings with meme coins, Metaverse coins, Layer 2s, GameFi tokens and dog coins supported. With a daily trading volume regularly exceeding $1.3 billion and a user base of 30 million across 200 countries, KuCoin is a major force in the crypto world. It offers an impressive range of over 700 cryptocurrencies, making it a comprehensive platform for emerging assets.

It 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, native chain called KCC Chain, Wonderland NFT marketplace and the innovative Halo Wallet. Committed to customer service, KuCoin provides 24/7 support in several languages, including English and Spanish.

  • Fees: 0.1% charge for spot trading and 0.02%/0.06% maker/taker fees for derivatives.
  • Supported Cryptocurrencies: Over 700 cryptocurrencies.
  • Regulation & Licensing: While not directly regulated in the country, it is accessible to Venezuelan investors.
  • VES Deposit Methods: Bank transfers, digital wallets, and debit or credit cards.

Is Crypto Regulated in Venezuela?

Yes, cryptocurrency is regulated in Venezuela, and it is legal to buy, own, and trade crypto assets. Over the past few years, the country has made significant strides in establishing a legal framework to regulate crypto activities. A pivotal moment came in December 2017 with the introduction of the Petro, Venezuela's own national cryptocurrency. 

Despite various legal difficulties, the Venezuelan government has consistently worked to develop a regulatory landscape for digital assets. A noteworthy advancement occurred in early 2019 with the creation of the National Superintendence of Cryptocurrencies (SUNACRIP). This institution plays a crucial role in supervising the creation, issuance, and operation of cryptocurrencies within Venezuela. 

Furthermore, the legal provisions for bitcoin mining established in September 2020, which mandate that miners must register and operate under the National Mining Pool (NMP), reflect Venezuela's commitment to integrating crypto into its regulatory and economic frameworks. This regulatory effort confirms that it is indeed legal to buy and own crypto assets in Venezuela.

How is Crypto Taxed in Venezuela?

‍Yes, cryptocurrency transactions in Venezuela are taxed. The National Integrated Service for the Administration of Customs Duties and Taxes (SENIAT) manages this under the amended Law on Financial Transactions Tax, effective from March 27, 2022. This law levies a 3.0% tax on payments in foreign currency or cryptocurrency through Venezuelan banks or directly to designated "special taxpayers" when not using foreign banks. 

Transactions involving government-issued cryptocurrencies, such as El Petro, are tax-exempt. The tax rates vary from 2% to 20%, depending on the transaction type and whether Venezuelan banks are involved. SENIAT also offers specific exemptions to ease the tax burden on transactions like securities trades, foreign exchange, and payments made with debit or credit cards in local currency, effective until February 25, 2023.

Bottom Line

In conclusion, navigating the world of cryptocurrencies in Venezuela requires understanding the top platforms available, as well as the regulatory landscape. Despite economic challenges, a number of trusted exchanges have emerged. For those starting their crypto journey, Bybit, MEXC, Gate.io, OKX, and KuCoin offer robust features, security, and accessibility that cater specifically to the needs of Venezuelan users.

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