Cryptocurrency adoption is rapidly growing in Morocco. A 2021 survey found that 13% of Moroccans own or use cryptocurrency, indicating strong demand for digital assets and crypto trading platforms. To help crypto enthusiasts, we have reviewed the 5 best crypto exchanges in Morroco based on fees, coins supported, security, ease of use and other key factors.
Summary of 5 Best Crypto Exchanges in Morocco
Experts recommend opting for exchanges regulated in Morocco when purchasing and trading Bitcoin, stablecoins, altcoins, and other cryptocurrencies to ensure full compliance with local laws. By depositing Moroccan dirham (MAD) via local bank transfers or credit cards, individuals can legally invest in and profit from the growing crypto market.
For beginners starting their crypto investing journey in Morocco, we have assessed the top 5 platforms commonly used in the region:
- Capital – Best Overall Crypto Exchange in Morocco
- Kraken – Most Secure Exchange
- KuCoin – Widest Variety of Altcoins
- Huobi Global – Best for Active Traders
- Quidax – Top Native African Exchange
Capital Overview
Rated as the best overall crypto exchange available to Moroccan investors, Capital is known for its robust security protocols, low fees, and easy-to-use platform. Traders can buy, sell and exchange over 100 cryptocurrencies with a 0% commission charge.
Key Features
- Zero trading commissions and tight spreads as low as 0.1%
- 100+ supported cryptocurrencies, including Bitcoin, Ethereum, and Litecoin
- Secure platform regulated in Australia and the UK
- Intuitive web and mobile trading platforms rated 4.7/5
- Free deposits and withdrawals via all major payment methods
- Dedicated account manager provided for personalized support
Why We Like It
Capital offers the full package for Moroccan crypto traders seeking a regulated platform with excellent security, low costs, and a smooth user experience tailored for beginners and veterans alike.
Key Metrics
- $0 trading fees
- 100+ cryptocurrencies supported
- 4.7/5 app rating on Android and iOS
- Regulated in Australia and UK
- Processes 100+ million transactions per month
Kraken Overview
As a top international exchange known for its stringent security protocols and low fees, Kraken is trusted by institutions and individual investors globally. Traders can access over 100 cryptocurrencies with fees as low as 0.16% per transaction.
Key Features
- Low 0.16% trading fee plus tight spreads
- 100+ supported cryptocurrencies with new assets added frequently
- Best-in-class security features like 95% cold storage
- Phone, email and chat support available 24/7
- Easy to use platform with staking and futures trading options
Why We Like It
Kraken offers ultra-low trading fees paired with institutional-grade security measures, making it a top choice for Moroccan crypto traders prioritizing protection of assets.
Key Metrics
- 0.16% trading fee (down to 0% for high volume traders)
- Consistently high 9/10 Trustpilot rating
- USD, EUR, CAD, JPY, GBP and MAD funding options
- 95% assets held in air-gapped cold storage
- Processes over $170 billion in trades every month
KuCoin Overview
Known as “The People’s Exchange,” KuCoin is a popular platform supporting 600+ altcoins at competitive rates. Traders can access niche cryptocurrencies, automated investing bots, and other helpful resources.
Key Features
- 600+ altcoins available
- Low 0.1% trading fee with added discounts
- Margin, futures and P2P trading offered
- Easy-to-use platform with handy mobile app
- Pool-X provides crypto staking and lending
Why We Like It
KuCoin grants access to emerging altcoins and blockchain projects not yet available on tier-1 exchanges, making it ideal for investors seeking diversified assets.
Key Metrics
- 0.1% trading fee (down to 0.025% for high volume)
- 600+ altcoins supported
- $20 billion+ monthly trading volume
- 8 million+ registered users
- 4.2/5 rating on Trustpilot
Huobi Global Overview
Huobi Global serves as one of the largest exchanges internationally, now with a growing presence in the African market. Active traders benefit from low maker/taker fees scaling down to 0.18% combined with margin, derivatives and other advanced features.
Key Features
- Competitive fee structure from 0.18%
- 400+ coin options
- Multi-faceted web and mobile platforms
- Options for staking, lending and structured products
- Active community and coin-listing polling
Why We Like It
Huobi stands out by offering reduced fees and premier trading tools for high volume investors seeking to maximize profits.
Key Metrics
- 0.18% combined fee for top tier traders
- $170 billion+ in crypto assets
- 400+ supported cryptocurrencies
- Regulated entity under Seychelles FSA
- Active Telegram group with 270k+ members
Quidax Overview
As Africa’s first crypto exchange listed on CoinMarketCap, Quidax leads the way for blockchain innovation on the continent. Investors across Africa can easily deposit local currency, trade 20+ coins, and access a growing suite of products targeted to regional users.
Key Features
- 20+ coins available for African traders
- NGN and other local currency support
- Beginner friendly mobile app interface
- Low 1% instant buy fee via debit/credit
- Developing payment processing and remittance services
Why We Like It
Quidax makes crypto investing easy and accessible for users across Africa seeking a trustworthy exchange founded by Africans for Africans.
Key Metrics
- Over $4 billion transactions processed
- 20+ cryptocurrencies supported
- NGN, XAF, ZAR deposits offered
- iOS and Android app rated 4.5/5
- 250k+ downloads across Africa
How to Purchase Cryptocurrencies in Morocco
For beginners looking to buy and trade digital currencies within Morocco, follow this straightforward process to make secure, legal transactions:
- Select a trusted exchange like those recommended here, regulated under local authorities
- Sign up & verify ID by submitting KYC documents to prove identity
- Deposit MAD funds via local bank transfer or credit card
- Purchase cryptos such as BTC, ETH, stablecoins at the quoted exchange rate
- Withdraw to secure wallet by transferring assets to a software/hardware wallet you control
Legality and Regulation of Cryptocurrencies in Morocco
Is Crypto Legal in Morocco?
Yes, cryptocurrency is completely legal to buy and sell under Moroccan regulations. The government has adopted a progressive stance to support ethical, innovative blockchain companies with the potential to grow the digital economy. Users must comply with KYC procedures and pay appropriate taxes.
How is Crypto Taxed in Morocco?
Gains from buying and selling cryptocurrencies are subject to income tax rates in Morocco, with exact percentages varying based on total annual income. Consulting an accountant to file taxes properly is advisable, as penalties can be incurred for inaccurate reporting or fraud.
Conclusion
In summary, Moroccan crypto investors are encouraged to select regulated, secure exchanges like Capital and Kraken to safely buy, sell and trade digital currencies – leveraging zero to low transaction fees while avoiding common beginner pitfalls. Please research thoroughly and invest wisely.
For our picks on the top exchanges in other regions, see our recommendations for the Best Crypto Exchanges in the UAE, Best Crypto Exchanges in Nigeria, and the Best Crypto Exchanges in Mexico.
Though regulations and available coins may vary by country, the platforms covered offer leading security, fees and coin selection for their respective markets. As always, do your own research to determine the optimal exchange for your specific needs and crypto investing style.
