How to Buy Cryptocurrency in Kazakhstan

Buying cryptocurrency in Kazakhstan

Buying cryptocurrency in Kazakhstan Kazakhstan is one of those countries that has embraced the cryptocurrency market system and made it possible for residents to use digital currencies in their daily lives. Kazakhstan has actually turned into one of the fastest booming cryptocurrency mining industries in the world. With the electricity rates in Kazakhstan being among the cheapest in the world, the country makes for a great place for cryptocurrency mining companies. Thus, Kazakhstan has become home to big companies such as BigBlock Datacenter and other corporations that deal with cryptocurrency mining. Naturally, the adoption of blockchain technologies and cryptocurrencies in this country has been progressing quite rapidly. When it comes to buying and selling cryptocurrencies in Kazakhstan, the best exchanges to look at include eToro, CEX.io, and Coinamama. The residents can easily sign up for these exchanges using Bitcoin wallets and they can purchase and exchange cryptocurrencies without any legal concerns.
As of 20/03/2021

Exchanges Info

These exchanges all accept customers from Kazakhstan. While they broadly offer the same services and you can buy cryptocurrency at all of them, there can be differences in transaction fees, security, verification requirements, deposit methods and features, as shown below

Open a eToro Account

67% of retail CFD accounts lose money. Cryptoassets are unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk. US Residents - eToro USA LLC does not offer CFDs, only real Crypto assets available.

eToro

eToro is a social trading platform that allows you to buy into cryptocurrencies, international stocks and shares and more complex financial assets. It also have an innovative Copy Trader feature where you can choose to follow other successful traders and automatically copy their trades to hopefully share in their success

Pros

Fully regulated financial institution
Trade crypto, stocks and other financial assets
Follow and copy the trades of expert traders

Cons

Fees (spreads) are high
Only USD as base currency

Brand

Coins

Security

Usability

App

Service

Open a Bitfinex Account

Bitfinex

Operating since 2012, Bitfinex has a huge range of coins and trading pairs, a good user interface and low trading fees.

Pros

Very low trading fees
Large range of coins and trading pairs
High liquidity

Cons

Slow account verification
Two major hacks

Brand

Coins

Security

Usability

App

Service

Open a Kucoin Account

Kucoin

Founded in 2017, KuCoin has already managed to establish itself as “The People’s Exchange.” With 200+ cryptocurrencies and more than 400 markets, it has become one of the hubs for cryptocurrency trading.

Pros

Vast selection of altcoins
Ability to stake & earn crypto yields
Robust security features
No forced KYC checks

Cons

No fiat currency deposits
Trading volume is low

Open a Changelly Account

Changelly

Changelly allows you to trade cryptocurrency without registration or verifying the identity through KYC. Being a non-custodial exchange, Changelly doesn’t require you to keep any deposits. The platform also works as a fiat-to-crypto gateway.

Pros