How To Buy Bitcoin in Egypt?
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Getting bitcoins in Egypt is not an easy task as not all popular crypto exchanges are available to Egyptian citizens. This is a current list of bitcoin exchanges that allow users from Egypt to buy crypto. They all support buying crypto with credit/debit cards but some of them offer other payment methods as well.
Deposit fees:
N/A
Withdrawal fees:
0.0005 BTC
Trading fees:
0.25% β 0.50%
Payment Methods:
Credit Card, Debit Card
Supported fiat:
AED
Β Debit card deposits for 6 Middle East countries
Β Perfect if you want to trade in AED
Fiat deposits and withdrawals only available for six nations
No live chat or telephone support
Not regulated
eToro
Fees β Low
Verification β 1 Day
Reputation β Trusted
Supported fiat β USD, EUR, GBP + more
eToro is a crypto exchange platform mostly popular for its advanced copy trading feature. Aside from being extremely reliable, eToro is also one of the oldest exchanges in the community; it was launched in 2007 with headquarters in Cyprus.
More info +
Deposit fees:
Free
Withdrawal fees:
$5
Trading fees:
0.75 % β 4.9 % spread depending on the cryptocurrency
Payment Methods:
15+ (Credit Cards, MasterCard, Visa, EWallets, etc.)
Supported fiat:
USD, EUR, GBP, and 20+ more
Β Unique features such as Social Trading and βVirtual Hubβ
Β Simple interface
Β Competitive fees
The minimum trade amount is very low
There arenβt many supported cryptocurrencies
American citizens can only trade cryptos on the platform
Binance
Fees β Low
Verification β 1 Day
Reputation β Trusted
Supported fiat β USD, EUR, GBP, AUD, RUB
Launched in July 2017, Binance quickly became the worldβs largest centralized crypto exchange, with more than $15 billion in daily trading volume. It has over 30 million users all over the world. Binance offers an impressive number of cryptocurrencies that you can buy, sell, and trade with low trading fees.
More info +
Deposit fees:
Free
Withdrawal fees:
Vary from crypto to crypto
Trading fees:
0.1%
Payment Methods:
Debit Card, Credit Card, SWIFT, Bank Transfer (SEPA), and more
Supported fiat:
USD, EUR, GBP, AUD, RUB, and 15+ more
Β Low fees
Β High liquidity
Β Excellent mobile app
Well-established and trusted
Hacked in 2019
Not accessible to U.S. users
Best Bitcoin Wallets in Egypt
It is never a good idea to keep your coins on an exchange as that exposes you to numerous risks (exchange hacks, fund freezes by the exchange or some government regulatory body, etc). That is why you should use one of the wallets we list below to store your digital assets. The safest option is a hardware wallet like Nano X but ZenGo is also a good choice, especially for newcomers.
ZenGoΒ is an easy iOS/Android Bitcoin & cryptocurrency wallet. Getting started takes less than 20 seconds.
extremely safe as it uses biometrics for security
you can buy crypto directly from it
has savings and staking account
No major flaws
ElectrumΒ is one of the oldest and most popular desktop multi-currency wallets which is compatible with Windows, Mac, and Linux
One of the oldest wallets in the market
you can buy and stake directly from the wallet
supports all major coins and blockchains
Not completely open source
Ledger Nano XΒ is a leading and most secure cold storage wallet that connects to your device via Bluetooth.
Safest wallet in the market
competitive price
supports a lot of coins
you can buy directly from the wallet
stake directly from the wallet
Small display
complicated to setup for newbies
Read also:
- How To Buy Bitcoin in Thailand?
- How To Buy Bitcoin in South Africa?
- How To Buy Bitcoin in Sweden
- How To Buy Bitcoin in Germany?
Kraken
Fees β Average
Verification β 2-3 Days
Reputation β Trusted
Supported fiat β USD, EUR, GBP, JPY, CAD
Founded in 2011 in San Francisco, California, Kraken is one of the oldest and largest crypto exchanges in the business. This centralized cryptocurrency exchange allows its users to quickly and securely buy and sell over 90 cryptocurrencies.
More info +
Deposit fees:
EUR SEPA Deposit (Free) β EEA countries only USD Bank Wire Deposit ($5 USD) β US onlyEUR Bank Wire Deposit (β¬10) β outside the US only USD Bank Wire Deposit ($10 USD) β outside US onlyJPY Bank deposit (Free, Β₯5,000 deposit minimum) β Japan-only USD, Wire Deposit (Free)
Withdrawal fees:
Cryptocurrency: Fees vary, SEPA Withdrawal (β¬0.09) β EEA countries only USD Bank Wire Withdrawal ($5 USD) β US only USD Bank Wire Withdrawal ($60 USD) β outside US onlyEUR Bank Wire Withdrawal (β¬60) β outside US onlyJPY Bank withdrawal (Β₯20) β Japan onlyCAD EFT Withdrawal ($10 CAD)
Trading fees:
Maker: 0.16%Taker: 0.28%
Payment Methods:
Fedwire, Bank Transfer (SEPA), SWIFT, Wire Transfer, Etana Custody, Silvergate Exchange Network (SEN), FPS, CHAPS, and BACS, PayID, Osko
Supported fiat:
USD, EUR, GBP, JPY, CAD
Β Available almost worldwide
Β High security
Β Over 90 cryptocurrencies
Various payment methods
Fees slightly above the industry average
No tax support
Deposit fees:
Changelly does not have set fees due to the volatility of cryptocurrencies
Withdrawal fees:
None
Trading fees:
0.25%
Payment Methods:
Debit Card, Credit CardΒ
Supported fiat:
USD, EUR, GBP
Β Wide range of cryptocurrencies
Β Low crypto-to-crypto exchange fees
Β Easy to use
Not regulated in the U.S.
High fiat-to-crypto rates
Limited payment options
Cex.io
Fees β High
Verification β 1 Day
Reputation β Trusted
Supported fiat β USD, EUR, GBP, RUB
Cex.io is one of the crypto exchanges that has been around the longest, since 2013. At first, it started only as a Bitcoin exchange and cloud mining provider, but we can now safely say Cex.io is a g global crypto platform that has over 4 million users. The reputation of the exchange seems to be very high, mainly due to its longevity on the crypto market.
More info +
margin trading, staking as a service, crypto loans, and savings accounts. CEX is authorized as an MSB by FinCEN and has a Level 2 PCI DSS data security clearance. The exchange shows due diligence for storage, processing, and transmission of payment cards data.
Deposit fees:
Β 0 β 3.99 %
Withdrawal fees:
0 β 3 %
Trading fees:
0 β 0.25 %
Payment Methods:
Credit Card, Bank transfer, ACH, Epay, Skrill, SEPA, Faster Payments
Supported fiat:
USD, EUR, GBP, RUB
Β Well-established and highly appreciated
Β It has been around for a very long time
Β Over 4 million users
Advanced trading features
Extensive Verification Process
Lower liquidity when compared to main competitors
Frequently asked questions about buying Bitcoin in Egypt
Yes, Binance is available in Egypt.
Egyptβs Dar al-Ifta, the primary Islamic legislator in Egypt, has issued aΒ religious decree classifying commercial transactions in bitcoin as haramΒ (prohibited under Islamic law).
You can buy Ethereum on Cex.io or BitOasis in Egypt.
Kraken offers our full services to clients living in Egypt.
You can access your Robinhood account inΒ almost all countries, with the exception of Cuba, Iran, North Korea, Syria, and the Crimea region of Ukraine.
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