Best Crypto Exchanges in Lebanon 2024

Finding the best crypto exchanges in Lebanon requires time and energy. Investors are more concerned about returns than comparing features of every exchange, so we’ve done the hard work. Our guide provides reviews that enable investors the convenience of comparing the best Lebanon crypto exchanges.

We also wanted to provide all the information investors need to know about Bitcoin so they can reduce risk. Let’s check out the fees, security and features of exchanges that enable convenient investing.

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

1. Crypto.com – Popular Exchange with a User-friendly App

Crypto.com is definitely one of the best crypto exchanges in Lebanon. More than 50 million users are on this platform, trading over 250 cryptocurrencies. One of the reasons beginners and pro traders prefer this platform is because it caters to both. The platform is simple for beginners to place trades, but experts can incorporate indicators and combine strategies when doing technical analysis. The app is also convenient to use.

Opening an account requires a deposit of 100 USDC. Investors have several deposit options such as debit/credit cards, bank wire and ACH. Crypto.com offers free crypto card purchases for the first month, then charges 2.99% thereafter. Cryptocurrency deposits are free, but the withdrawals carry fees, different for each coin. Trades are charged at 0.4%.

A feature that makes Crypto.com one of the best Lebanon crypto exchanges is staking. Investors wanting to earn interest on their coins can do so by staking them. The platform offers certain stake coins, and investors buy them to lock them in to earn interest. Some coins offer an annual return of 14.5%, and stablecoins provide a 10% return per annum. Investors can also stake CRO, the platform’s coin, but it offers only 4% annually.

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

2. Bitstamp – Crypto Exchange Providing Low Fees

Bitstamp has been around for 11 years and has accumulated a selection of 73 cryptocurrencies. A key feature that separates this platform from many is that it offers support around the clock. This is especially useful for beginner traders who need immediate help to execute trades. Bitstamp’s support is 24/7.

If Lebanese investors opt for SEPA and ACH to fund their accounts, they won’t incur fees. An international wire deposit costs 0.05%, and the minimum trading amount is $10. It’s possible to purchase cryptos with a card, but it carries a 5% fee. ACH withdrawals are free, and wire withdrawals cost 0.1%. If an investor trades up to $10,000 monthly, a trading fee of 0.5% applies. Exceeding that limit decreases the fees to 0.25%.

We were glad to see that Bitstamp is committed to providing security for investor funds by seeking regulations. Bitstamp is regulated by Luxembourg Financial Regulator, the Commission de Surveillance du Secteur Financier.

Staking investors can take advantage of two coins offered on the platform. One of them is Ethereum, which provides a 4.39% return annually. The other coin is Algorand, offering 5% annual interest.

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

3. Coinbase – Popular Exchange Around the World

More than 100 million users are on Coinbase. A big reason for that is Coinbase’s decision to make a platform suitable for beginners and pro traders. For beginners to open a trade, they need to stipulate the amount to buy and the preferred crypto. Pro traders can improve their analysis by incorporating advanced tools on Coinbase Pro, which is free.

Opening an account on Coinbase is simple and requires a minimum deposit of $25. The funding options are bank wires, debit/credit cards, Ideal and SEPA. An ACH deposit is free. Investors are charged $10 for USD wires. A wire USD withdrawal costs $25. Withdrawal methods included are Paypal, Instant Card Cashout and SEPA.

Coinbase charges takers and makers different fees. Takers pay 0.6%, and makers are charged 0.4%. Buying cryptos with Apple Pay is possible. Non-fungible tokens (NFTs) are also available for purchase on this platform. The great news is that Coinbase doesn’t charge fees for NFT purchases for a limited time.

Staking coins is also available on Coinbase. Although, staking returns are lower on this platform than what other Bitcoin exchanges in Lebanon offer. Coinbase offers 5.75% interest for staked coins.

4. Binance – Bitcoin Exchange with 600 Cryptocurrencies

It’s no surprise that Binance is one of the biggest crypto exchanges since it offers 600 cryptocurrencies. This platform is an altcoin investor’s dream, as most of the major coins are available. Then, there’s the platform. Binance has the highest trading volume of crypto exchanges because its platform is suitable for beginner and advanced traders.

Staking investors will also believe that Binance is a dreamland. It offers more than 100 staked coins, and the best part is that some coins offer more than 100% return within 90 days. Several lock-in periods are available, even a flexible option. The only downside with that option is that the returns are significantly lower than longer periods.

The most common methods to fund a Binance account are bank transfers, cards and in-person cash payments. Binance actually offers more than 300 payment methods, but the available ones differ by region. Funding an account via a card incurs a 1.8% fee, which is some of the lowest in this industry. The trading fee is another thing that makes Binance one of the best Bitcoin exchanges in Lebanon. It’s only 0.1%.

Although Binance has addressed regulations in certain countries, it should definitely do it in every country where it’s established. It’s received a license from French authorities to state that it’s a regulated digital asset provider, but let’s have that in Lebanon as well.

5. BitOasis – Leading Exchange in the Middle East

We’ve seen that BitOasis is another of the top Lebanon crypto exchange because it’s specifically developed for the Middle Eastern market. BitOasis enables investors to trade 60 cryptocurrencies and even entices users to join by offering them a sign-up bonus.

Investors who join will receive 75 AED to start trading. Beginner investors can easily place trades on this platform. Just a few simple clicks to open a trade. BitOasis developed the platform for beginners, but advanced traders can take advantage of BitOasis Pro, offering advanced tools.

BitOasis enables investments in DeFi, Metaverse and NFTs. Trading fees vary between takers and makers. Takers pay 0.48%, and maker fees are 0.24%. The minimum amount required to fund an account is 300 AED. Using a credit card will incur 3.99% charges.

This platform enables over-the-counter (OTC) purchases. OTC transactions are perfect for investors with large funds because they receive competitive pricing and no additional fees with BitOasis. The minimum OTC purchase with this platform is $100,000.

6. Kraken – Exchange Offering 24/7 Support

The thing that makes Kraken one of the top crypto exchanges in Lebanon is the support it provides. Users have access to 24/7 support, which provides prompt feedback to traders experiencing issues. Beginner investors will find this platform to be delightful because it contains a broad range of free tutorial videos, podcasts and guides.

Getting started on this platform is simple and requires a minimum of $150. Investors can trade more than 65 cryptocurrencies and can fund their accounts via wire transfer, Etana Custody and Silver Exchange Network. On Kraken Pro, fees are split between takers and makers. Takers pay 0.26%, and makers are charged 0.16%. Investors wishing to use InstantBuy with a credit card will incur a fee of 3.75% + 0.25c.

Kraken offers several great features such as giving investors access to crypto indices. It also offers OTC. Investors wishing for private transactions can take advantage of OTC and need at least $100,000. Staking is also available on Kraken. Investors can earn up to 23% for staking coins on this platform.

7. SpectroCoin – Platform Offering Crypto-Backed Loans

SpectroCoin is a Lebanese Bitcoin exchange that offers a simple platform for beginners. But it has also designed a platform specifically for pro traders to support market-making and high-frequency trading strategies. Investors can trade more than 40 cryptocurrencies.

Funding an account is possible via numerous methods such as bank wire, cards, Skrill, Neteller, Payeer, Faster Payments and many more. The fees vary amongst the different methods, but a minimum of $50 is required via a bank transfer. Cards are charged at 3.99%. Makers aren’t charged a trading fee, but takers are charged only 0.1%.

SpectroCoin offers several great features such as 24/7 support, crypto-backed loans and enabling businesses to accept cryptos as a payment method by providing them a platform. This exchange has been operating for 9 years and has more than 1 million users.

The Best Lebanon Crypto Exchanges Compared

We compared the best Lebanon crypto exchanges to see how they fared against each other.

How to Choose the Best Lebanon Cryptocurrency Exchange

Choosing the best cryptocurrency exchanges involves analyzing several key factors about them. We’ve mentioned them below.

Regulation

Investors must ensure the security of their assets. One of the ways they minimize risk is by investing with an exchange that is regulated. The more financial authorities regulate an exchange, the better. When an exchange is regulated, it shows that it’s determined to provide asset safety or face serious consequences for mismanaging funds.

Tradable Cryptos

The altcoin market’s popularity has grown significantly, and many investors seek exchanges that offer a large range of coins. By offering numerous coins, exchanges enable investors to purchase altcoins easily. A good example is Binance. It offers more than 600 coins, so it’s no wonder that it has the highest trading volume of all exchanges.

Besides fiat/crypto pairings, exchanges should also enable digital asset pairing. That’s vital for investors who are pedantic about saving on trading fees.

Sign-up Offers

Exchanges try several strategies to entice users to open live accounts. One of the ways they do it is by offering sign-up bonuses. A bonus could be a funded account to being trading or discounted fees for a particular period. A Lebanese crypto exchange that offers that is BitOasis. Users get 75 AED to start.

Sign-up offers are great, but investors shouldn’t expect them from all the best crypto exchanges in Lebanon. These types of rewards are more common with exchanges starting out.

Fees

When analyzing the best Lebanese crypto exchanges, investors must scrutinize their fees. That’s essential because it has a direct impact on the bottom line. High fees magnify losses and shrink profits. Although exchanges generate most of their revenue from fees, they shouldn’t be high and hidden.

Investors need to know how much the fees are for deposits, withdrawals, trading, staking and any other fees required for them to receive profits into their bank accounts.

Tools & Features

A platform should cater to beginners and advanced traders. The platform needs to be simple enough that beginners can open quick trade to buy Bitcoin with just a few clicks and advanced enough to enable pros to integrate indicators and several strategies into their technical analysis.

Payment Methods

If an exchange doesn’t offer the preferred payment method of investors, they cannot invest. Exchanges should make it easy to fund accounts by offering various payment methods. Some investors prefer to have various options so they can compare fees and determine the cheapest method to deposit funds.

Customer Service

It’s crucial that exchanges offer great service. And that means providing support 24/7. Nothing irritates traders more than being stuck on a platform and having no one address their issues. They need prompt responses to address their queries so they can carry on trading.

Are Crypto Exchanges Legal in Lebanon?

Crypto exchanges are legal in Lebanon as the law does not prohibit the use, ownership and trading of cryptocurrencies. Although crypto exchanges can operate in Lebanon, cryptocurrencies are not deemed a legal payment method. Retailers and other businesses in Lebanon cannot accept cryptocurrencies as a form of payment, only legal tenders such as fiat currencies.

Crypto Tax in Lebanon

Crypto taxes have not been clearly implemented in Lebanon yet. As things stand, holding or possessing cryptocurrencies isn’t subject to taxes in Lebanon.

Conclusion

Our in-depth guide explored the best crypto exchanges in Lebanon. We analyzed their fees, features, regulations and security, then compared them to each other to make an investor’s decision simple. We also highlighted key factors Lebanese investors must know about Bitcoin and what to look out for when investing through an exchange.

After comparing all the exchanges, we discovered that Crypto.com is the best cryptocurrency exchange in Lebanon. It provides a platform suitable for beginner and advanced traders. Various payment options are available. It also offers margin trading on perpetual futures pairs and staking, allowing you to earn interest on crypto.

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

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