The cryptocurrency industry is actively developing in Kazakhstan – in 2021, miners from China began to actively stream there, which significantly influenced the progress of the industry. According to a study According to the Cambridge Center for Alternative Finance, Kazakhstan ranks third in global cryptocurrency mining. Authorities have begun to pay more attention to regulating both mining and the cryptocurrency sector as a whole.
In this article, our editors analyzed Kazakhstan's cryptocurrency brokers and compiled a Ranking of platforms that allow you to buy or sell digital assets for the national currency tenge. The safest and most comfortable platforms are currently listed.
Top 10 Cryptocurrency Exchanges in Kazakhstan According to Experts:
- Bybit . A broker for Kazakhstan that supports the purchase of cryptocurrencies via p2p or directly from a card.
- OKX . Cryptocurrency exchange for Kazakhstan with a user-friendly interface and low trading fees.
- Binance . Cryptocurrency exchange for Kazakhstan, offering the ability to deposit and withdraw tenge from a bank card and peer-to-peer.
- MEX . Cryptocurrency exchange for Kazakhstan, offering loyal rates and convenient trading opportunities.
- BingX . Cryptocurrency exchange for Kazakhstan and most other countries with p2p and demo account.
- KuCoin . A broker for Kazakhstan that allows you to buy digital assets on a peer-to-peer marketplace or by purchasing with a card.
- Bitget . Cryptocurrency exchange for Kazakhstan with automated trading using copy trading and bots, demo account.
- cooperative . Global cryptocurrency exchange for Kazakhstan, known until September 2023 as HTX and in operation since 2013.
- Gate.io . _ Cryptocurrency exchange for Kazakhstan with support for many cryptocurrencies and earning tools.
- Coinex . A broker for Kazakhstan that supports the ability to buy with a card, trade on the spot market and the futures market.
Comparison of the best cryptocurrency exchanges for Kazakhstan at the time of writing:
| Exchange name | Link | Tenge deposit/withdrawal options | Mandatory verification | Demo account | Proof of Reserves | Trading Fees |
|---|---|---|---|---|---|---|
| Binance | binance.com | cards, p2p, AdvCash | sim | sim | sim | Spot: up to 0.1%. Futures: up to 0.05%. |
| Bybit | bybit.com | cards, p2p | No | sim | sim | Spot: from 0 to 0.1%. Futures: from 0 to 0.06%. |
| OK | okx.com | cards, p2p | No | sim | sim | Spot: -0.05 to 0.1%. Futures: 0.005 to 0.05%. |
| EXMO | exmo.me | cards, AdvCash | sim | No | No | Spot: up to 0.1% |
| MEX | mexc.com | cards, p2p, AdvCash | No | sim | No | Spot: from 0 to 0.2%. Futures: from 0.014 to 0.06%. |
| cooperative | huobi.com | cards, p2p | No | No | sim | Spot: from 0.0097 to 0.2%. Futures: from 0.005 to 0.05%. |
| KuCoin | kucoin.com | cards, p2p | No | No | sim | Spot: -0.005 to 0.1%. Futures: 0.014 to 0.06%. |
| Gate.io | gate.io | cards, p2p | No | No | sim | Spot: from 0 to 0.2%. Futures: from 0 to 0.05% |
| Bitget | bitget.com | cards, p2p | No | sim | sim | Point: 0%. Futures: up to 0.06% |
| Phemex | phemex.com | cards, p2p | No | sim | sim | Spot: up to 0.1%. Futures: up to 0.06% |
Regulation of Cryptocurrencies and Cryptocurrency Exchanges in Kazakhstan
Most of the legislation in the country deals with mining and exactly how it should be taxed. In general, standard tax rules still apply.
em 2025, foi adotada to her of the Republic of Kazakhstan No. 347-VI “On Amendments and Additions to Certain Legislative Acts of the Republic of Kazakhstan on Regulation of Digital Technologies”. According to it, mining is legalized in Kazakhstan, cryptocurrencies are recognized as property, but they cannot function as a means of payment. Their release and circulation are permitted only in the private legal zone of the Astana MFC.
In April 2022, was proposed increase fees for miners and tie them to the value of the mined currency (for now only Bitcoin is being considered). At the moment, miners in Kazakhstan still pay only a premium + for the electricity consumed. Rate – 1 tenge ($0.0022) per kWh.
Furthermore, in early April 2022, the country it started to consider the question of introducing their own regulated cryptocurrency brokers . Banks and government agencies participate in decision-making. On February 6, 2023, was adopted the Law of the Republic of Kazakhstan “On Digital Assets in the Republic of Kazakhstan”.
In early fall 2023, cryptocurrency exchanges Binance , Bybit , CaspianEx, Biteeu, Upbit, ATAIX, Xignal&MT have an official license to operate in Kazakhstan, issued by the Astana Financial Services Authority (AFSA).
Official and international cryptocurrency exchanges with tenge accounts
As stated above, the state plans to launch a regulated brokerage ; this is really necessary when there is a high demand for crypto asset trading in the country. It is important that the platform complies with the current regulatory requirements.
The pilot project is planned to be launched on the basis of the Astana International Financial Center. To implement the initiative, changes were developed in the Banco Pátrio solution, which provides for the possibility of transactions in favor of participants on cryptocurrency exchanges.
The launch date cannot even be approximated, as there is still a lot of legislative work to be done.
You can also use platforms registered in other countries, but which allow you to usefully top up your account in tenge or withdraw fiat money.
1 Binance
- 24-hour trading volume: $12,640,837,532
- Supported cryptocurrencies: 361
- Opening hours: 24 hours a day
- Web Site: binance.com
In August 2022, Binance it received approval in principle from the Financial Services Regulatory Committee of the Astana International Financial Center to operate a digital asset platform and provide custody services. Now all that remains is to obtain the license.
On Binance, you can replenish your account in tenge through the payment system AdvCash (no commission) and withdraw in the same way, also without commission. You can also buy cryptocurrencies directly from the card using tenge.
Binance is the most popular trading platform worldwide and is considered to be truly safe, easy to use and friendly for both beginners and experienced users. Therefore, it makes sense to consider it for working with crypto assets. In addition to regular spot trading, it offers many other trading and investment features, much like its own mining pool .
2 Bybit
- 24-hour trading volume: $920,573,221 (spot)
- Supported cryptocurrencies: 316
- Opening hours: 24 hours a day
- Web Site: bybit.com
Bybit announced on May 29, 2023 that it received in-principle approval from AFSA to operate in Kazakhstan and on June 7, it received a license. Ben Zhou, co-founder and CEO of the exchange, noted that the platform fully complies with local regulations and also sees huge potential for the development of the cryptocurrency industry in the CIS.
4. Xignal
- 24-hour trading volume: estimated at around $200,000,000
- Supported cryptocurrencies: 4
- Opening hours: weekdays from 01:00 to 10:00
- Web Site: https://xignalex.net/
The broker entered the Kazakh market in August 2021. CEO – Sung-Ho Park. Kazakhstan was chosen by the developers due to the “political and economic stability of the republic”. Client funds are stored in Bitgo and Henesis wallets. The platform is legally registered in Nur-Sultan and has an operating license from the AIFC.
So far, the exchange supports only four major cryptocurrencies. Furthermore, it has a five-day working schedule. This is quite inconvenient and strange, considering that 24-hour trading is one of the important advantages of cryptocurrency over stock markets.
5 Gate.io
- 24-hour trading volume: $781,037,187
- Supported cryptocurrencies: 1516
- Opening hours: 24 hours a day
- Web Site: gate.io
A global cryptocurrency exchange with no strict country restrictions, which also does not necessarily require the user to confirm their identity if they do not intend to work with fiat currency or exceed the established withdrawal limits.
In terms of functionality, the platform is in no way subordinate to its competitors: there is a wide range of trading and investment solutions, copy trading, a p2p platform and much more.
Exchanges with the possibility of purchasing cards for tenge
Below are examples of sites that do not support fiat accounts, but allow you to buy cryptocurrencies directly from a bank card using KZT. After the purchase, the coins are credited almost instantly to the brokerage account and you can start trading.
As exchanges Binance and EXMO mentioned above also offer this solution.
6 Bybit
- 24-hour trading volume: $348,905,162 (spot)
- Supported cryptocurrencies: 180
- Opening hours: 24 hours a day
- Site: bybit.com
The exchange allows you to pay for purchases in KZT using cards or Apple Pay, there are restrictions on the minimum and maximum amount (currently not lower than 4,455 KZT and not higher than 4,454,600 KZT, that is, approximately from 10 to 10,000 dollars). In order to buy cryptocurrency, you need to link a credit or debit card to your account.
7 OKX
- 24-hour trading volume: $2,869,031,266
- Supported cryptocurrencies: 350
- Opening hours: 24 hours a day
- Web Site: okx.com
The purchase of digital assets can be paid in KZT using Visa or Mastercard. There are around 15 major cryptocurrencies available for purchase. During the purchase process, you can choose both the payment method and the payment partner with the most suitable conditions at the moment. Partners include Simplex, Coinify, etc.
8 Cooperatives
- 24-hour trading volume: $1,926,900,663
- Supported cryptocurrencies: 503
- Opening hours: 24 hours a day
- Site: huobi.com
Using cards, you can buy almost 350 different coins and tokens out of the 500+ supported on the HTX exchange. The transaction is available only after identity verification. In addition to cards, other payment methods can be used, it all depends on the options currently offered by partner payment systems. Fees also depend on partners.
9. MEX
- 24-hour trading volume: $1,888,430,525
- Supported cryptocurrencies: 1356
- Opening hours: 24 hours a day
- Web Site: mexc.com
At the MEXC Global cryptocurrency exchange, a purchase method is available for Kazakhstan through the Simplex provider. This means that you can make payments using Visa, Mastercard, and Apple Pay. The price of the cryptocurrency may change while you are completing the transaction, so be sure to review the terms and conditions immediately before paying for the transaction.
10. KuCoin
- 24-hour trading volume: $1,665,750,915
- Supported cryptocurrencies: 637
- Opening hours: 24 hours a day
- Site: kucoin.com
To buy cryptocurrency for tenge on the KuCoin exchange, you can use Mastercard, Visa, and Apple Pay. The limits here are higher than on Bybit. The minimum purchase amount is 20,000 KZT, and the maximum is 8,000,000 KZT. Payment is made when you go to another company's website. Be sure to read the terms and conditions carefully.
11. Bitget
- 24-hour trading volume: $970,570,121
- Supported cryptocurrencies: 462
- Opening hours: 24 hours a day
- Web Site: bitget.com
On the Bitget exchange, residents of Kazakhstan can use tenge to buy through the p2p marketplace or from a card via a fiat gateway. The cryptocurrency exchange is suitable for both beginners, thanks to the presence of a demo account, and for those who want to free up more time, thanks to trading bots and copy trading. The functionality also includes methods of passive income.
12. Phemex
- Supported cryptocurrencies: 222
- Opening hours: 24 hours a day
- Web Site: phemex.com
In addition to the standard purchase routes with Mastercard and Visa, Phemex also offers payment options such as China Union Pay, SEPA, bank transfers, etc. More than 20 currencies are available for purchase. In the process, you can choose the best one from the proposals, if there are several. The purchased cryptocurrency will be immediately credited to your account.
Exchanges p2p
Peer-to-peer exchanges are suitable for purchasing digital currencies, as they work with almost all world currencies, not excluding tenge, and any payment methods.
Examples of good p2p Exchanges:
On such sites, users themselves create ads and indicate convenient methods for receiving/transferring funds. Therefore, the main thing is to find a suitable counterparty. Thus, you can make or arrange payments in any local payment system, bank or even in cash if the counterparty is in the same city.
How else to buy cryptocurrency in Kazakhstan
In addition to cryptocurrency exchanges, other services allow you to work with digital assets in the country.
For example, os exchanges are a universal option. Their advantages include a variety of payment methods, anonymity and high speed.
Also consider Cryptocurrency wallets . For example, the non-custodial Trustee Wallet allows you to purchase major cryptocurrencies for fiat currencies through an integrated exchange.
In major cities (Nur-Sultan, Almaty) there are cryptocurrency ATMs (crypto-ATMs), as per vegetable https://coinatmradar.com/ . This is another way to buy or sell crypto assets anonymously and securely.
Frequently asked questions
Does Kazakhstan have its own cryptocurrency exchanges?
No, our own fully regulated cryptocurrency exchange is in the works.
How is cryptocurrency regulated in Kazakhstan?
The regulation mainly concerns mining – miners are subject to higher electricity tariffs and must pay taxes on profits.
Which exchanges support tenge accounts?
Binance, EXMO, Bybit and others.
Which exchanges allow you to buy cryptocurrencies from a card in KZT?
Many are the same Binance, EXMO, much like Phemex, OKX, Bybit, MEXC, etc.
Is it possible to use p2p Exchanges to buy tenge?
Obviously, this is one of the most flexible and comfortable methods.
How to buy and sell cryptocurrencies on the Kazakhstan exchange?
Most platforms support the ability to trade on the spot market, futures contracts, and on a p2p platform. You can also buy cryptocurrencies for tenge and cards almost everywhere.
How to choose a cryptocurrency exchange for Kazakhstan?
One of the important factors is the support of suitable payment and withdrawal methods in local currency. And of course, the platform must be secure and time-tested.
What other ways are there to work with cryptocurrencies in Kazakhstan?
Exchanges, crypto ATMs, crypto wallets. You can also trade on decentralized exchanges.
Conclusion
There are many suitable cryptocurrency exchanges for Kazakhstan; all that remains is to choose the most suitable one. When choosing a trading platform, you need to consider factors such as its reputation, security, whether it blocks accounts for political reasons, which crypto assets are listed, and what additional useful features are provided. Consider this issue carefully, as there are many platforms, but none of them is ideal. It is better to spend a little more time choosing and preparing than to have problems later.