There are a number of different crypto trading platforms available, and they all have different features and fees. You may choose to sign up with one exchange and then use that same account to trade on other platforms. However, it is important to check the security of each exchange and the methods of payment. For example, some exchanges may require verification of your identity and address, to make sure you are who you say you are.
Although Kuwaiti legislation is still fairly strict, the number of top exchanges and brokers serving Kuwaiti clients is increasing. It is important to choose a safe and reliable crypto trading platform in Kuwait, with the lowest fees and most regulatory oversight. For example, Binance is considered the top crypto exchange in Kuwait. Binance offers over 600 crypto-assets and various derivatives markets.
Another popular crypto exchange in Kuwait is Paybis, a UK-based exchange with full customer support. It supports over 30 cryptocurrencies and 47 FIAT currencies. Though not directly regulated in Kuwait, Paybis is registered with FinCEN and offers a free card purchase after which you must pay 2.49% of the value of your purchase. In addition to offering a variety of payment methods, Paybis also supports bank transfer transactions.
The best crypto trading platform in Kuwait is one with low fees and a low trading commission. It also has a range of investment options and great research tools. XTB is another good choice if you are looking for a low commission forex CFD or commission-free stocks. Another great option is TradeStation Global, which offers great customer support and low stock and ETF fees.
In addition to this, some cryptocurrency exchanges in Kuwait are required by law to provide information to the government. The KYC data they require is an important part of the transaction process, and if the tax returns do not match the KYC information, you could face a fine. To protect your money, look for a regulated exchange in Kuwait.
BitOasis was launched in 2015 and is a popular cryptocurrency exchange in the MENA region https://thehula.com/content/pages/choosing-a-cryptocurrency-broker-with-easy-to-use-platform.html. It offers more than 40 cryptocurrencies and accepts deposits in various currencies, including AED and SAR. Besides this, it offers a 24-hour customer support service. However, it is limited to users of Kuwait and the MENA region.