Best Crypto Exchanges in Kazakhstan

Best Crypto Exchanges in Kazakhstan

Summary: Cryptocurrency adoption in Kazakhstan is growing rapidly, supported by a clear regulatory landscape defined by the 2023 Law on Digital Assets. This legislation mandates that all crypto exchanges operate under official licenses, with oversight from the Astana Financial Services Authority (AFSA).

Here is a curated list of the five best platforms that allow Kazakhstani Tenge (KZT) deposits:

  1. Bybit - Best Crypto Exchange in Kazakhstan
  2. Binance - World’s Largest Crypto Exchange
  3. Gate.io - Trade 3,800+ Cryptocurrencies
  4. Bitget - Popular Copy Trading Platform
  5. KuCoin - High Staking Rewards (500% APY)

Top Crypto Trading Platforms in Kazakhstan

​Kazakhstan's crypto sector is experiencing significant growth, backed by a comprehensive regulatory framework implemented by the Astana Financial Services Authority (AFSA). This environment has attracted both global and local exchanges, providing Kazakhstani investors with secure investment methods. Below is a comparison table of the 5 best platforms operating in Kazakhstan.

Exchange
Cryptocurrencies
Trading Fees
KZT Deposit Methods
Key Features
Bybit
1,850+
0.1%
Bank Transfer, Cards, Samsung Pay, Apple Pay, Google Pay
Spot, Futures, Copy Trading, TradeGPT, Staking, Lending
Binance
350+
0.1%
Bank Transfer, Credit/Debit Cards
Launchpad, Earn, Staking, Margin, Futures, 1:1 Reserves
Gate.io
3,800+
0.2%
Credit/Debit Cards, Apple Pay, Google Pay
Copy Trading, ETF Trading, Futures, 125x Leverage, Staking
Bitget
800+
0.1%
Credit/Debit Cards
Copy Trading, Futures, Margin, Automated Bots, Staking
KuCoin
900+
0.1%
Credit Cards
KuCoin Earn, Bots, Futures, Margin, GemSPACE, Demo Trading

1. Bybit

Bybit is the top choice for crypto trading in Kazakhstan as the platform can be used in Kazakh and facilitates KZT deposits from Halyk Bank, Kaspi Bank, Jusan Bank and Freedom Bank. Founded in 2018, it serves 68+ million users in 160 countries globally and boasts a daily trading volume exceeding $30 billion. 

Its popularity stems from the platform’s extensive offerings, such as spot, futures, perpetual contracts, and options trading. Bybit has useful tools, such as the copy trading feature, allowing users to mirror trades from experienced traders, and TradeGPT, which provides AI-driven market insights and predictions.

Additionally, Bybit Earn offers attractive options for passive income, including staking, lending and borrowing, yield farming, and flexible savings accounts. The exchange also regularly updates its proof-of-reserves, providing complete transparency by showing that all funds are backed 1:1.

Platform Highlights:

  • Fees: Spot trading fees start from 0.1%.
  • Supported Assets: Over 1,850 cryptocurrencies.
  • Regulation & Licensing: Authorised by the Astana Financial Services Authority (AFSA) under license number AFSA-G-LA-2023-0004.
  • KZT Deposit Methods: Bank transfers, credit cards, debit cards, Samsung Pay, Apple Pay and Google Pay.
Bybit.

2. Binance

Binance is the largest cryptocurrency exchange in the world, serving a user base of over 269 million investors across more than 180 countries. Established in 2017, it quickly ascended in popularity, supports 40 languages, including Kazakh, and accepts KZT deposits through local payment methods.

Investors can access diverse trading opportunities, including spot, futures, margin and options markets. Binance Earn provides multiple ways for passive income, allowing users to stake tokens, participate in flexible savings accounts, lend and borrow assets, and benefit from high-yield crypto products. 

Additionally, Binance's Launchpad offers early access to emerging cryptocurrencies. Security and transparency are taken seriously at Binance, highlighted by their advanced proof-of-reserves system, which provides regular audits and real-time verification of asset holdings. 

Platform Highlights:

  • Fees: Spot trading fees start at 0.1%, with additional discounts available through BNB token payments.
  • Supported Assets: Over 350 cryptocurrencies.
  • Regulation & Licensing: Fully licensed and regulated by the Astana Financial Services Authority (AFSA).
  • KZT Deposit Methods: Bank transfers, debit cards and credit cards.
Binance.

3. Gate.io

Gate.io is a popular choice among Kazakh traders, renowned for its massive selection of more than 3,800 cryptocurrencies. The exchange is highly appreciated for offering a comprehensive trading suite, including spot, margin, ETF trading, and leveraged futures contracts with up to 125x leverage.

One standout feature is the copy trading function, allowing less experienced Kazakh investors to follow proven traders seamlessly. Additionally, it offers extensive earning opportunities through "Simple Earn," providing users easy access to passive income via crypto staking and yield generation. 

The platform also actively supports new crypto projects through its "Pilot" program, giving users first-mover advantages on trending blockchain investments. Security at Gate.io is robust, incorporating advanced asset protections, cold storage systems, and multi-factor authentication to safeguard investor funds.

Platform Highlights:

  • Fees: Spot trading fees start from 0.2%.
  • Supported Assets: Over 3,800 cryptocurrencies.
  • Regulation & Licensing: Compliant with global regulatory standards; actively working towards licensing with the AFSA.
  • KZT Deposit Methods: Debit cards, credit cards, Apple Pay and Google Pay.
Gate.io.

4. Bitget

‍Bitget is a leading cryptocurrency exchange in Kazakhstan, renowned for its powerful copy trading capabilities and diverse trading products. Founded in 2018, it has attracted over 100 million users globally and has become particularly popular among Kazakh traders who prefer social trading strategies. 

With a daily trading volume surpassing $27 billion, Bitget offers deep liquidity for spot, futures, and margin markets. Its intuitive copy trading system boasts over 200,000 elite traders. This system lets beginners mirror the strategies of experienced investors, providing a simple way to engage with crypto markets. 

Traders also benefit from automated bot strategies, offering convenient trade execution solutions. Security remains central, protected by a substantial $546 million Protection Fund. The exchange guarantees full transparency with proof-of-reserves audits, maintaining at least a 1:1 ratio of customer funds.

Platform Highlights:

  • Fees: Spot trading fees start from 0.1%.
  • Supported Assets: Over 800 cryptocurrencies.
  • Regulation & Licensing: Not licensed by AFSA but remains accessible to local investors.
  • KZT Deposit Methods: Credit cards and debit cards.
Bitget.

5. ‍KuCoin

KuCoin is a top crypto exchange in Kazakhstan, favored for its generous staking rewards, diverse trading products, and user-friendly interface. Since launching in 2017, it has expanded globally, attracting over 40 million investors across 200 countries, with daily trading volumes exceeding $10 billion. 

Kazakh users appreciate KuCoin’s expansive asset library, featuring over 900 cryptocurrencies available for spot, margin, futures, and leveraged token trading. Its most popular feature, KuCoin Earn, offers staking opportunities with exceptionally high annual yields, reaching up to 500% APY. 

KuCoin further enhances user profitability through automated trading bots, simplifying market engagement, and GemSPACE, a launchpad introducing promising new tokens. Its derivatives platform supports advanced futures trading, delivering leverage options suited for experienced investors.

Platform Highlights:

  • Fees: Spot trading fees start from 0.1%.
  • Supported Assets: Over 900 cryptocurrencies.
  • Regulation & Licensing: Not regulated in Kazakhstan.
  • KZT Deposit Methods: Credit cards only.
KuCoin.

Is Crypto Regulated in Kazakhstan?

Kazakhstan introduced its core crypto regulation through the "Law on Digital Assets" in April 2023, requiring licenses for crypto mining and exchanges. The law separates digital assets into "secured," backed by tangible property, and "unsecured," such as Bitcoin.

Unsecured assets face general restrictions but can operate legally within the Astana International Financial Centre (AIFC). The Astana Financial Services Authority (AFSA) manages licensing and compliance, enforcing anti-money laundering (AML) and know-your-customer (KYC) standards.

Despite these regulations, about 90% of crypto activity remains outside official oversight. To address this gap, lawmakers like Azat Peruashev propose establishing a national crypto bank supervised by the National Bank, enabling legal digital asset trading. Meanwhile, the AIFC remains the sole regulated environment for crypto exchanges, hosting licensed entities like Binance and Bybit. 

How is Crypto Taxed in Kazakhstan?

Kazakhstan has established clear taxation guidelines for crypto-related activities, overseen by the State Revenue Committee. Although cryptocurrencies aren't officially recognized as legal tender, they are widely used in business and investments, prompting the development of specific tax regulations.

Corporate entities involved in cryptocurrency trading must pay corporate income tax at a rate of 20%. For individuals, income gained from trading digital assets is subject to personal income tax at a flat rate of 10%, based on the positive difference between the purchase and sale prices.

Cryptocurrency transactions are exempt from Value-Added Tax (VAT). Cryptocurrency mining activities are also taxed at the corporate rate of 20%. However, miners must sell at least half of their mined crypto through licensed exchanges within the Astana International Financial Centre (AIFC) starting from 2024, with this threshold rising to 75% in 2025.

Cryptocurrency Adoption in Kazakhstan

Kazakhstan's cryptocurrency market continues to expand, driven by affordable energy supplies that attract mining operations and increasing public interest in blockchain technologies. 

By mid-2025, Kazakhstan’s crypto sector is projected to generate revenues of approximately $101.4 million, with around 923,770 active users, translating to 4.6% of the country’s population

Cryptocurrency Adoption in Kazakhstan.

How to Buy Bitcoin in Kazakhstan

Investors in Kazakhstan interested in purchasing Bitcoin should select crypto exchanges that comply with the Astana Financial Services Authority (AFSA) regulations. Here is a step-by-step guide to safely acquiring Bitcoin in Kazakhstan:

  1. Select a Licensed Exchange: Choose a reliable cryptocurrency exchange regulated by the AFSA and authorized to accept Kazakhstani Tenge (KZT) deposits.
  2. Register and Verify: Sign up on your chosen exchange and complete the mandatory identity verification process. You'll typically need to provide official identification, such as a national ID or passport, along with proof of address.
  3. Fund Your Account: Deposit Kazakhstani Tenge into your account using supported methods, such as local bank transfers, debit cards, or approved digital payment services.
  4. Buy Bitcoin: Go to the Bitcoin trading area, specify the amount you'd like to buy, check the current exchange rate and associated fees, and finalize your transaction.

Now you’re ready to begin your Bitcoin journey in Kazakhstan’s expanding crypto market.

Final Thoughts

​Kazakhstan's structured approach to cryptocurrency regulation, exemplified by the 2023 Law on Digital Assets and oversight by the Astana Financial Services Authority (AFSA), has cultivated a secure environment for digital asset activities. 

For investors in Kazakhstan, prioritizing exchanges licensed by the AFSA ensures compliance with local laws and access to reliable trading platforms. Platforms like Bybit, Binance, Gate.io, Bitget and KuCoin, offer robust options for engaging in the crypto market.

Frequently asked questions

Are cryptocurrencies legal tender in Kazakhstan?

Can foreigners trade cryptocurrencies on Kazakh exchanges?

Is crypto mining still profitable in Kazakhstan considering energy taxes?

Are there any licensed local crypto exchanges in Kazakhstan?

Written by 

Antony Bianco

Head of Research

Antony Bianco, co-founder of Datawallet, is a DeFi expert and active member of the Ethereum community who assist in zero-knowledge proof research for layer 2's. With a Master’s in Computer Science, he has made significant contributions to the crypto ecosystem, working with various DAOs on-chain.