Best Crypto Exchanges in Angola

Best Cryptocurrency Exchanges in Angola

After thoroughly assessing the 12 exchanges available in Angola, we have identified the top platforms that align with Capital Markets Commission (CMC) regulations. Our evaluation focused on transaction fees, ease of use, supported cryptocurrencies, and the ability to deposit in Angolan kwanza (AOA). Below is a comparison of the five leading platforms for Angolan investors.

‍

1. Bybit

Bybit is the best exchange in Angola, offering free AOA deposits and a multilingual interface accessible in Portuguese and 22 other languages. It has over 40 million users globally that trade over $25 billion a day. The exchange supports 1,300 digital assets and multiple trading options, including spot, futures, and options trading, with leverage of up to 100x for derivatives. 

There are additional services designed to enhance the user experience. These include staking opportunities, a lending and borrowing feature, trading bots, TradeGPT, a crypto card, and an NFT marketplace for digital collectibles. Moreover, Bybit supports copy trading, where users can mirror the strategies of top traders to maximize their returns. 

• Fees: Maker fee of 0.02% and taker fee of 0.055% for futures; 0.1% for spot trading.
• Supported Assets: Over 1,400 digital assets.
• Regulation & Licensing: Licensed in various jurisdictions; available in Angola.
• AOA Deposit Methods: Credit cards, debit cards, and Google Pay.

‍

2. Kraken

Kraken is favored by professional traders in Angola for its high-security standards. The platform offers a comprehensive range of services, including spot trading, margin trading with up to 5x leverage, and futures trading. Kraken Pro provides a powerful interface equipped with advanced charting tools, customizable order types, and deep liquidity. 

Additionally, Kraken's NFT marketplace offers zero gas fees, making it an attractive option for those interested in digital collectibles. It features industry-leading measures such as two-factor authentication, global settings lock, and cold storage of funds. The exchange supports staking for over 18 assets, with annual percentage yields (APYs) reaching up to 21%, allowing users to earn rewards while holding their crypto. 

• Fees: Maker fee of 0.16% and taker fee of 0.26% for spot trading.
• Supported Assets: Over 280 digital assets.
• Regulation & Licensing: Regulated by top financial authorities and available in Angola.
• AOA Deposit Methods: Credit Card, Google Pay or Apple Pay.

‍

3. Gate.io

Gate.io is recommended for Angolan users looking to trade a vast selection of cryptocurrencies. With over 2,100 digital assets available, it offers one of the most diverse portfolios in the crypto market. The platform supports spot, futures, and margin trading with leverage options up to 100x supported. It is also known for its user-friendly interface that can be used in 26 languages.

In addition to its extensive range of assets, Gate.io provides several innovative features, including staking, lending, and a startup platform for new token listings. The exchange also emphasizes security with features like two-factor authentication (2FA), withdrawal whitelist, and cold storage of funds. 

• Fees: Maker fee of 0.2% and taker fee of 0.2% for spot trading.
• Supported Assets: Over 2,100 digital assets.
• Regulation & Licensing: Operates under global standards and available to Angolan users.
• AOA Deposit Methods: Bank transfers and credit or debit cards.

‍

4. KuCoin

KuCoin has generous staking rewards and supports over 700 digital assets. It offers a variety of earning opportunities, including flexible savings accounts that compound daily, on-chain staking, and specialized high-yield products like Shark Fin and Dual Investment. KuCoin Earn allows users to invest in crypto with the help of professional asset managers, ensuring stable returns. 

The platform also features a robust trading interface, margin trading, leveraged tokens, and a unique token launch platform called Spotlight, which helps users discover new promising cryptocurrencies. KuCoin’s security measures are industry-leading, with strong encryption, secure asset storage, and PoR (Proof of Reserves) to ensure transparency and trust.

• Fees: Maker fee of 0.1% and taker fee of 0.1% for spot trading.
• Supported Assets: Over 700 digital assets.
• Regulation & Licensing: Licensed in multiple jurisdictions and accessible in Angola.
• AOA Deposit Methods: Bank transfers and credit cards.

‍

5. OKX

OKX is known for its robust Web3 integration. The platform provides access to DeFi through its Web3 marketplace, allowing users to engage in staking, liquidity mining, and yield farming directly from their wallets. The exchange also supports quick crypto conversions with zero trading fees, deep liquidity for custom trading strategies, and a variety of infrastructure products.

The user-friendly interface is complemented by powerful tools such as ultra-low latency API connectivity, advanced order types, and high-speed transactions. Its educational resources provide guidance to users from their first trade to engaging with complex Web3 applications. OKX also offers institutional-grade trading solutions, including an OTC liquidity network.

• Fees: Maker fee of 0.08% and taker fee of 0.1% for spot trading.
• Supported Assets: Over 350 digital assets.
• Regulation & Licensing: Compliant with global regulations; available in Angola.
• AOA Deposit Methods: Credit cards.

‍

Is Crypto Regulated in Angola?

In Angola, cryptocurrency is regulated under a newly established legal framework initiated by President Joao Lourenço, that classifies it as a financial asset rather than legal tender. The regulation, passed by the Angolan government, is designed to ensure that trading on cryptocurrency exchanges is conducted within a secure and monitored environment. 

Previously, the use of cryptocurrencies was largely unregulated, with authorities issuing warnings about their risks. However, the new law now mandates that crypto exchanges operating in Angola must be licensed and comply with the Capital Markets Commission (CMC) financial standards, including measures against money laundering and terrorist financing. 

As the regulatory environment continues to develop, Angola's financial authorities will likely play an increasingly active role in overseeing and refining these regulations to safeguard investors and maintain market stability.

‍

How is Crypto Taxed in Angola?

Cryptocurrencies are classified as intangible assets in Angola, similar to stocks or intellectual property. As outlined by the Angolan Tax Administration (CIAT), profits from cryptocurrency transactions are subject to income tax, generally at a rate of 15%, while capital gains may be taxed at 10%. 

Taxpayers must report all cryptocurrency transactions on their annual tax returns and keep accurate records of these activities. Although specific regulations for cryptocurrency taxation are still developing, the Angolan government applies existing tax laws to digital assets, aiming to balance revenue generation with support for innovation in the sector.

‍

How to Buy Bitcoin in Angola

Angolan investors who are new to cryptocurrency, purchasing Bitcoin through a reliable digital asset exchange is a key starting point. Here’s a straightforward guide to help you get started:

1. Create an Account: Begin by choosing an exchange that supports users in Angola. Sign up for an account and complete the verification process, which usually requires a valid photo ID and additional documents such as a selfie or proof of address.
2. Deposit Angolan Kwanza (AOA): Go to the deposit section of your account, select AOA as your deposit currency, and enter the amount you wish to transfer. Deposits can typically be made via bank transfer, mobile payment services, or credit card.
3. Choose Bitcoin: In the platform's trading section, search for Bitcoin (BTC). Look for the AOA/BTC trading pair to see the current market rate. You can place different types of orders, such as market or limit orders, depending on your trading preferences.
4. Execute the Trade: When you're ready, click 'buy' or 'trade' to purchase Bitcoin. Review all order details carefully, including the price and any associated fees, before finalizing the trade.

This guide offers a clear approach for users in Angola to start trading Bitcoin, from account setup to making your first purchase.

‍

Bottom Line

In conclusion, Angola's new crypto regulations bring needed oversight to the market, with the Capital Markets Commission (CMC) ensuring secure operations. Top exchanges like Bybit, Kraken, Gate.io, KuCoin, and OKX provide Angolan investors with robust trading options and features, supporting the growth of digital assets in the country. As regulations evolve, these platforms will be key to the continued adoption of digital assets in Angola.