In this post, I will focus on the most prominent crypto exchanges in Saudi Arabia, considering both beginner and professional traders.
As the interest in digital assets and cryptocurrencies increases in the region, finding an exchange that provides secure transactions, low fees, and an easy-t-navigate interface is important. So, let’s review the best platforms that can be accessed by users from Saudi Arabia.
Key Points & Best Crypto Exchanges In Saudi Arabia List
| Platform Name | Key Point |
|---|---|
| OKX | Known for advanced trading tools and a wide range of crypto assets. |
| BitOasis | Focused on serving the MENA region with strong compliance standards. |
| Kraken | Offers high security and fiat support, popular with institutional traders. |
| Binance | Largest exchange by volume, with diverse features including staking and futures. |
| BingX | Social trading platform with copy trading and AI tools. |
| Bitget | Offers robust futures trading and integrated AI trading strategies. |
| KuCoin | Offers a vast selection of altcoins and user-friendly margin trading. |
| Rain | Bahrain-based, regulated exchange for the Middle East with fiat-crypto services. |
| BitStamp | One of the oldest exchanges, known for reliability and regulatory compliance. |
| CoinMENA | Licensed in Bahrain, focused on secure crypto access for GCC countries. |
10 Best Crypto Exchanges In Saudi Arabia
1.OKX
Founded in 2017, OKX has established itself as a cryptocurrency exchange for its advanced trading capabilities and selection of 300 cryptocurrencies. Saudi users can navigate the website in English or Arabic which increases accessibility.
OKX’s competitive trading fees start at 0.08% for makers and 0.10% for takers, offering additional discounts for high-volume traders and OKB token holders.
The platform is not country-specific, but it remains widely utilized in the region. OKX’s offerings of spot, futures, and DeFi services provide great versatility suited for more experienced Saudi traders and investors.
| Feature | Description |
|---|---|
| Crypto Support | Over 300 cryptocurrencies, including Bitcoin, Ethereum, and others. |
| Trading Fees | Maker fees start at 0.08%, Taker fees at 0.10%. Discounts available for volume. |
| Country Support | Available in over 100 countries, including Saudi Arabia. |
| Found Date | 2017 |
| Language Support | Arabic, English, and other major languages. |
2.BitOasis
BitOasis, established in 2015 and based in Dubai, is one of the largest cryptocurrency exchanges in the MENA region. The exchange has a wide selection of more than 60 supported cryptocurrencies, including Bitcoin, Ethereum, and XRP, and offers trading pairs with fiat currencies such as the Saudi Riyal (SAR) and UAE Dirham (AED).
For BitOasis, trading fees are between 0.10% to 0.18%, while deposits using credit/debit cards from Saudi Arabia incurs a 3.675% fee. Dtradind services can be accessed in several languages, such as Arabic and English, serving a wide-ranging audience.
With BitOasis, newbies can sign up for the Lite platform, while advanced traders can use the Pro platform that contains detailed charting tools and multiple order types. It operates under Virtual Asset Regulatory Authority (VARA) licenses of Dubai and Central Bank of Bahrain, providing credibility and safety of funds for its customers.
| Feature | Description |
|---|---|
| Crypto Support | Over 60 cryptocurrencies, including Bitcoin, Ethereum, and Ripple. |
| Trading Fees | Fees range from 0.10% to 0.18% depending on volume. |
| Country Support | Available primarily in the MENA region, including Saudi Arabia. |
| Found Date | 2015 |
| Language Support | Arabic, English. |
3.Kraken
In 2013, Kraken began operating out of the United States, San Francisco to be precise, as a cryptocurrency exchange. Currently it boasts of over 350 cryptocurrencies like Bitcoin, Ethereum, and Solana, with fiat currency support like the USD, EUR, and AED .
As with many other exchanges, Kraken also employs a fee structure with Maker and Taker fees. The base Maker fee is 0.00%, while with high trading volume, one can earn up to 0.16%.
Kraken is accessible in 190 countries, Saudi Arabia being one of them. Apart from the previously stated services, it also offers its users multi-layered security alongside advanced trading features, including margin and futures trading.
| Feature | Description |
|---|---|
| Crypto Support | Over 350 cryptocurrencies, including Bitcoin, Ethereum, and Solana. |
| Trading Fees | Maker fees from 0.00% to 0.16%, Taker fees from 0.10% to 0.26%. |
| Country Support | Available in over 190 countries, including Saudi Arabia. |
| Found Date | 2011 |
| Language Support | English, French, Turkish, and others. |
4.Binance
As of October 2023, Binance is the largest cryptocurrency exchange in the world by trading volume, supporting over 350 cryptocurrencies, including Bitcoin, Ethereum, and BNB. Binance was founded in 2017 by Changpeng Zhao. Accessible to Saudi users, Binance supports the Arabic language on its platform and customer service.
Also, Saudi users can trade in Saudi Riyals (SAR) without paying any maker fees on the Peer-to-Peer (P2P) platform.
Although direct deposits and withdrawals in SAR are restricted, standard trading fees on Binance’s platform are 0.10% per transaction, with discounts for high-volume traders or BNB token holders. Binance’s diverse array of services, including spot, margin, futures, and staking, support novice and expert traders alike in Saudi Arabia.
| Feature | Description |
|---|---|
| Crypto Support | Over 350 cryptocurrencies, including Bitcoin, Ethereum, and BNB. |
| Trading Fees | Standard fee of 0.10%, with discounts using BNB. |
| Country Support | Available globally, including Saudi Arabia. |
| Found Date | 2017 |
| Language Support | Arabic, English, and many other languages. |
5.BingX
Based in Singapore, BingX is a global cryptocurrency exchange established in 2018. The platform offers over 1,000 digital assets, such as Bitcoin, Ethereum, and BNB. Its accessibility features include support for the Arabic language which is beneficial for Saudi users.
BingX offers spot trading at a 0.1% flat rate for both makers and takers, while trading fees for futures are even lower, starting at 0.02% for makers and 0.05% for takers. The exchange is available to users in Saudi Arabia and over 100 countries.
Other advanced fuctions offered by BingX include copy trading, grid trading, and up to 125x leverage on crypto futures. The platform is safeguarded by multiple regulations, including those of AUSTRAC, FinCEN, and FINTRAC. These reinforces the security and compliance trust users can have in BingX. Customers can also receive support in Arabic, English, and French 24/7 and in 17 other languages.
| Feature | Description |
|---|---|
| Crypto Support | Offers 1,000+ digital assets, including Bitcoin, Ethereum, and others. |
| Trading Fees | 0.1% for spot trading; 0.02% (maker) and 0.05% (taker) for futures. |
| Country Support | Available in over 100 countries, including Saudi Arabia. |
| Found Date | 2018 |
| Language Support | English, Arabic, and others. |
6.Bitget
Bitget is one of the world’s fastest growing global cryptocurrency exchange platforms with over 45 million users in 150 countries, including Saudi Arabia. Established in 2018, this platform offers trading in more than 800 cryptocurrencies with an array of services including spot, futures, margin, and copy trading.
The trading fees are also reasonable with spot trading at 0.1% and futures trading at 0.02% for makers and 0.06% for takers. Bitget has also integrated Arabic language support, making it accessible to Saudi users. The exchange is regulated in multiple jurisdictions including Poland, Lithuania, and Italy.
Other security measures include a Protection Fund of over $410 million, two-factor authentication, and cold storage of assets. The easy to use interface and competitive features of Bitget makes it appealing to traders of all experience levels in Saudi Arabia.
| Feature | Description |
|---|---|
| Crypto Support | Supports 800+ cryptocurrencies, including Bitcoin and Ethereum. |
| Trading Fees | Spot trading fees at 0.1%, futures trading at 0.02% (maker) and 0.06% (taker). |
| Country Support | Available in 150+ countries, including Saudi Arabia. |
| Found Date | 2018 |
| Language Support | English, Arabic, and others. |
7.KuCoin
KuCoin, established in Seychelles in 2017, stands as one of the world’s leading cryptocurrency exchanges, boasting over 30 million users in over 200 countries, Saudi Arabia included. The exchange provides access to over 850 cryptocurrencies, among them Bitcoin, Ethereum, and Solana.
KuCoin offers a full spectrum of trading options, including spot, margin and futures trading, staking, and copy trading. KuCoin’s trading fee is relatively lower than the competitors, with spot trading fees capped at 0.1% for both makers and takers, while a 20% discount is applied when using the native token KCS.
The exchange offers customer support in 16 languages which improves access for Arabian users. KuCoin’s strong focus on security includes multi-factor authentication, encryption, and a special trading password.
| Feature | Description |
|---|---|
| Crypto Support | Over 500 cryptocurrencies, including Bitcoin, Ethereum, and many altcoins. |
| Trading Fees | Maker fees start at 0.10%, Taker fees at 0.10%. |
| Country Support | Available globally, including Saudi Arabia. |
| Found Date | 2017 |
| Language Support | Arabic, English, and many other languages. |
8.Rain
Established in 2017, Rain is a licensed cryptocurrency exchange regulated by the Central Bank of Bahrain. It is located in Bahrain and offers more than 70 digital currencies, including Bitcoin, Ethereum, and Litecoin, as well as fiat currencies like Saudi Riyal(SAR), USD, and AED.
Rain provides an intuitive platform tailored to serve Saudi users and offers Arabic language support. Trading fees are straightforward with a spread of 1% to 2.5%. Deposits are free, while withdrawals in SAR are subject to a flat fee of 50 SAR.
To protect the funds, Rain stores 98% of assets in cold storage and offers 24/7 customer support in both Arabic and English. Its Sharia-compliant policies alongside simple SAR withdrawals make Rain a preferred exchange for people in Saudi Arabia.
| Feature | Description |
|---|---|
| Crypto Support | Supports over 70 cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. |
| Trading Fees | Trading fees range from 1% to 2.5%. |
| Country Support | Available in Saudi Arabia, Bahrain, UAE, and other GCC countries. |
| Found Date | 2017 |
| Language Support | Arabic and English. |
9.BitStamp
Established in 2011, Bitstamp is one of the first global cryptocurrency exchanges based in Luxembourg. It also offers trading in over 80 cryptocurrencies, such as Bitcoin, Ethereum, and XRP, as well as cryptocurrencies like the USD, EUR, and GBP.
Bitstamp users under $10,000 trading volume are charged 0.3% maker and 0.4% taker fees, while 0% trading fees are incurred for the first $1,000 in trading volume over a monthly period.
Saudi araibia is the only country among the over 100 regions bitstamp serves, including the USA and UK, that does not have access to bitstamp’s services.
Phone and email support are available, however, support in Arabic is non-existent. With 95% asset storage in cold storage and audits from a global Big Four accounting firm, Bitstamp stands out for charge-free cold storage and monthly audited asset security.
Preferred due to strong regional security, cold storage, and ease of use, Bitstamp dominates supported market regions.
| Feature | Description |
|---|---|
| Crypto Support | Supports over 80 cryptocurrencies, including Bitcoin, Ethereum, and XRP. |
| Trading Fees | Maker fees at 0.30%, Taker fees at 0.40%, with discounts for high volumes. |
| Country Support | Available in over 100 countries, but not in Saudi Arabia. |
| Found Date | 2011 |
| Language Support | English, French, German, and others. |
10.CoinMENA
Founded in 2021, Dina Sam’an, Talal Tabbaa, and Yazan Barghuthi set up CoinMENA, a cryptocurrency exchange, in Bahrain. It covers Saudi Arabia and other Gulf countries. The platform is licensed by the Central Bank of Bahrain and Dubai’s Virtual Assets Regulatory Authority.
CoinMENA enables users to trade more than 50 cryptocurrencies, one of which is Bitcoin, Ethereum, XRP, and USDT, as well as gold and silver. Users can use SAR, AED, BHD, and USD as payment methods. Fees are low and transparent.
Customers can withdraw and deposit funds via bank transfer and card. Saudi Arabian and regional clients have access to customer support in Arabic and English.
The exchange is Sharia-compliant and partners with major industry players, Ripple and Bitpanda. The intuitive design alongside the flexible regulations make CoinMENA a favorable platform for trading in Saudi Arabia.
| Feature | Description |
|---|---|
| Crypto Support | Offers 50+ cryptocurrencies, including Bitcoin, Ethereum, and XRP. |
| Trading Fees | Transparent fees, with no trading fees for the first $1,000 in volume. |
| Country Support | Available in Saudi Arabia and other GCC countries. |
| Found Date | 2021 |
| Language Support | Arabic and English. |
Conclusion
When choosing the best crypto exchange in Saudi Arabia, factors like security, fees, and user experience are key. Exchanges like OKX, Binance, and Rain offer strong features tailored for Saudi users, with Arabic language support and competitive fees.
Ultimately, your choice depends on your trading preferences, with each platform offering unique benefits for different needs.
