Best Crypto Exchanges in Morocco

Top Crypto Trading Platforms in Morocco

To assist Moroccan traders, we evaluated the 11 digital asset platforms accessible in the country. Our analysis focused on regulatory compliance with Bank Al-Maghrib, deposit options for Moroccan dirhams (MAD), available cryptocurrencies, trading fees, and features. Below is a comprehensive comparison table of the top five crypto exchanges in Morocco.

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1. Bybit

Bybit is the most suitable crypto exchange for Moroccan investors as it accepts MAD deposits through several payment methods, and the platform can be used in Arabic. It offers access to over 1,500 digital assets for spot trading and more than 400 derivatives contracts with leverage options up to 100x. Serving over 55 million customers, it has over $20 billion in daily trading volume.

Bybit's suite of features includes copy trading, AI-driven market analysis through TradeGPT, and customizable trading bots for both spot and futures markets. Additional services include staking options, crypto loans, a demo account, NFT trading, a crypto card, and a Shariah-compliant account, offering Moroccan traders a comprehensive platform for diverse investment opportunities.

• Fees: Maker fee of 0.02% and taker fee of 0.055%; spot trading fees set at 0.1%.
• Supported Assets: Over 1,500 cryptocurrencies.
• Regulation & Licensing: Regulated by CySEC across Europe; accessible in Morocco.
• MAD Deposit Methods: Bank transfers, credit cards, debit cards, Google Pay and Apple Pay.

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2. Binance

Binance is a leading global cryptocurrency exchange offering Moroccan users access to 350 digital assets for spot trading, margin trading with leverage, and futures contracts. Institutional clients benefit from advanced features such as OTC trading, high-frequency trading support, Auto-Invest program and access to Binance's Launchpad for participating in new token offerings. 

Security is a paramount focus, employing multi-tier and multi-cluster system architecture, alongside SAFU (Secure Asset Fund for Users) to protect user funds. The platform also offers a Web3 wallet, allowing seamless interaction with dApps and the BNB blockchain ecosystem. For those interested in NFTs, Binance provides a dedicated marketplace to explore and trade NFTs. 

• Fees: Spot trading fees start at 0.1%.
• Supported Assets: Over 350 cryptocurrencies.
• Regulation & Licensing: Regulated across Europe and available in Morocco.
• MAD Deposit Methods: Credit cards and debit cards.

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3. Gate.io

Gate.io gives Moroccan investors access to over 2,900 digital assets, including a wide range of altcoins, meme coins and AI tokens. The platform supports spot and futures trading, margin trading with 100x leverage, and staking services. It accepts MAD deposits through bank transfers, credit cards, debit cards, and P2P trading, accommodating multiple payment options.

It provides advanced trading tools, such as quantitative trading strategies and the Strategy Bot, which automates trading strategies for spot grid, futures grid, and martingale trading models, enabling users to optimize their trades with minimal effort. The copy trading option also allows users to replicate successful trades from experienced investors, making it easier for beginners to participate.

• Fees: 0.1% for maker orders and 0.2% for taker orders.
• Supported Assets: More than 2,900 digital currencies.
• Regulation & Licensing: Holds an Estonian license; accessible in Morocco.
• MAD Deposit Methods: P2P Trading, credit cards and debit cards.

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4. Kraken

Kraken supports a wide range of 290 cryptocurrencies for spot trading, margin trading with up to 5x leverage, and over 100 futures contracts. It provides a user-friendly interface through its web platform and Kraken Pro, designed for advanced traders seeking comprehensive tools and analytics. Additionally, it offers staking services with up to 28% APY and a dedicated NFT marketplace.

Security and transparency are central to Kraken's operations. The platform conducts regular Proof-of-Reserves audits, enabling users to verify that their balances are fully backed by real assets. Kraken employs industry-leading security measures, including advanced cold storage solutions and robust information security protocols, to protect user funds and data.

• Fees: 0.16% for makers and 0.26% for takers, with discounts for high-volume traders.
• Supported Assets: Over 290 spot markets and more than 100 margin markets.
• Regulation & Licensing: Fully compliant with international regulatory standards.‍
• MAD Deposit Methods: Apple Pay, Google Pay, and debit or credit cards.

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5. MEXC

MEXC is a global crypto exchange, serving over 10 million users across Morocco and 170 other countries. The platform offers access to over 2,700 cryptocurrencies available for spot and derivatives trading. It is popular for its high-leverage trading options, providing up to 200x leverage on various futures contracts, appealing to traders seeking amplified exposure

Its daily trading volume underscores its significant market presence, with reported 24-hour volumes reaching approximately $5.16 billion. The platform supports a diverse range of trading pairs, offering users flexibility in their trading strategies. MEXC also provides features such as staking, a Launchpool for new token offerings, and copy trading.

• Fees: Maker fees from 0.02% to 0.06% and taker fees between 0.06% and 0.08%.
• Supported Assets: Over 2,700 cryptocurrencies.
• Regulation & Licensing: Registered in Seychelles and holds an Estonian MTR license; accessible to Moroccan users.
• MAD Deposit Methods: Debit or credit cards.

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Is Crypto Regulated in Morocco?

Morocco is actively developing a legal framework to regulate cryptocurrencies, marking a significant shift from its 2017 ban on digital assets. The central bank, Bank Al-Maghrib (BAM), has prepared a draft law aimed at overseeing crypto activities, which is currently in the adoption process. 

In formulating this legislation, BAM has engaged with international stakeholders, including the International Monetary Fund (IMF) and the World Bank, to ensure alignment with global standards. Beyond regulatory measures, BAM is exploring the potential of a central bank digital currency (CBDC) to enhance financial inclusion.

Despite the existing ban, cryptocurrency usage has persisted underground in Morocco, highlighting the necessity for clear regulatory guidelines. The forthcoming legal framework aims to provide clarity and oversight, fostering a secure environment for digital asset transactions.

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How Is Crypto Taxed in Morocco?

In Morocco, the taxation of cryptocurrency transactions is currently undefined due to the absence of specific regulations. The General Directorate of Taxes has not issued explicit guidelines on how digital assets should be treated for tax purposes. 

Consequently, there is ambiguity regarding applying taxes such as capital gains or income tax on cryptocurrency-related activities. This lack of clarity poses challenges for individuals and businesses involved in crypto, as they must navigate an uncertain tax landscape. 

As Morocco progresses toward formalizing its cryptocurrency regulations, it is anticipated that comprehensive tax policies will be established to provide clear guidance on the fiscal responsibilities associated with digital assets.

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How to Buy Bitcoin in Morocco

Acquiring Bitcoin is becoming increasingly accessible as interest in cryptocurrency grows. While local regulations are still evolving, international platforms offer simple processes for purchasing BTC. Here's a short guide to assist you:

1. Choose Exchange: Select a cryptocurrency platform that accepts Moroccan users and offers MAD deposits.
2. Register Account: Provide your personal information, such as name, email, and password. Complete the Know Your Customer (KYC) process by submitting valid identification and proof of residence.
3. Deposit Funds: Navigate to the deposit section of the platform. Choose your preferred payment method, enter the amount of MAD you wish to deposit and follow the provided instructions.
4. Locate Bitcoin (BTC): Once your account is funded, go to the trading section and search for Bitcoin (BTC). Select the MAD/BTC trading pair to view the current exchange rate.
5. Execute Purchase: Decide on the amount of Bitcoin you want to acquire or the amount of MAD you intend to spend. Review the transaction details, including any fees, and confirm the purchase.

Users should consider transferring their Bitcoin to a personal wallet after the transaction. This practice provides greater control over your assets and reduces reliance on the exchange's security protocols.

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Bottom Line

Morocco’s crypto market is gaining momentum as traders increasingly embrace digital assets, with the potential for regulatory clarity under the guidance of Bank Al-Maghrib. Leading exchanges such as Bybit, Binance, Kraken, Gate.io, and MEXC provide Moroccan users with access to secure platforms.

These platforms offer a range of innovative services, including high-leverage trading options, advanced tools for market analysis, robust security measures, support for Moroccan dirham (MAD) deposits, and attractive staking and earning programs.