How to Buy Cryptocurrency in Tunisia

Buying cryptocurrency in Tunisia

Buying cryptocurrency in TunisiaA report saying Tunisia had issued an E-dinar started circulating in November 2019. However, the country’s central bank, the Central Bank of Tunisia, rejected such claims, stating that the bank hadn’t engaged in any relationship with a foreign or national provider for the purpose of creating a digital currency. When it comes to Bitcoins and Altcoins, they are not government-issued or bank-issued, so they don’t fall under their control. There is a lack of regulation regarding cryptocurrencies, making them a very controversial subject, but this fact doesn’t make them illegal. Until an appropriate regulatory framework is implemented, uncertainty might scare off future investors. However, the Central Bank of Tunisia did confirm that it was considering the possibility of issuing its very own central bank digital currency (CBDC). The bank also added that it was researching all existing alternatives and considering the benefits and risks that come with using these technologies.
As of 20/03/2021

Exchanges Info

These exchanges all accept customers from Tunisia. 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

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
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OKEx

OKEx is the second-largest cryptocurrency exchange in the world by volume. It posts over $2 billion in trades daily and has over 400 trading pairs.

Pros
  • Good range of coins
  • DEX trading
  • No hacking history
Cons
  • Not available in US
  • KYC required
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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

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
  • Non-custodial exchange
  • Great way to switch altcoins
  • Doesn’t require extensive KYC
  • 2FA security and high exchange limit
Cons
  • A high transaction fee of 0.5%
  • Unclear owners
  • Sometimes their service is quite slow
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Kraken

Kraken has a good reputation for security and protection of your funds and operates across the USA (except NY), Canada, the EU and Japan

Pros
  • It can be used to trade against fiat options
  • Robust security measures
  • Free SEPA deposits in Europe
Cons
  • Not a very beginner-friendly interface.
  • No card deposit options
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