Best Crypto Exchanges in Uzbekistan

Top Crypto Trading Platforms in Uzbekistan

As cryptocurrency gains momentum in Uzbekistan, choosing platforms regulated by the National Agency of Perspective Projects (NAPP) is essential for compliance. To help investors pick a secure option, we reviewed and ranked the top exchanges based on UZS deposit support, trading costs and features. Here are the top five platforms in Uzbekistan.

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1. Kraken

Kraken is the leading crypto exchange offering comprehensive services for individual and institutional investors in Uzbekistan. The platform supports over 310 cryptocurrencies for spot trading, margin trading with up to 5x leverage, and 100+ futures contracts. It takes security seriously, employing cold storage solutions, regular proof-of-reserve audits and 2FA.

For institutional clients, Kraken provides specialized services, including an OTC desk for large-volume trades, custodial solutions, and staking options for 28 digital assets. The platform also offers the Kraken Pro interface, featuring advanced charting tools and customizable order types, catering to professional traders seeking a robust trading environment.

• Fees: Maker fees start at 0.16%, and taker fees start at 0.26%.
• Supported Assets: Over 310 cryptocurrencies.
• Regulation & Licensing: Operates in compliance with Uzbekistan's National Agency of Perspective Projects (NAPP) regulations.
• UZS Deposit Methods: Bank transfers, Apple Pay, Google Pay and credit or debit cards.

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2. OKX

OKX is a top platform offering over 350 cryptocurrencies for spot trading, futures contracts, and options trading with up to 100x leverage. The exchange integrates with TradingView, allowing traders to execute trades directly from advanced charting interfaces. Its popular for its transparent Proof of Reserves program, maintaining a 1:1 reserve ratio of all customer assets.

For those interested in decentralized finance (DeFi) services, OKX offers a DeFi aggregator, liquidity pools, yield farming, and crypto staking opportunities. The platform's Web3 ecosystem includes a marketplace for non-fungible tokens (NFTs) and access to various decentralized applications and the exchange’s native wallet, OKX Wallet.

• Fees: Maker fees start at 0.08%, and taker fees start at 0.1%.
• Supported Assets: Over 350 cryptocurrencies.
• Regulation & Licensing: Regulated globally and accepint UZS deposits.
• UZS Deposit Methods: Credit or debit card, peer-to-peer (P2P) trading, and crypto deposits.

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3. Binance

Binance, the world's largest crypto exchange, serves over 240 million registered customers across Uzbekistan and 100 other countries. It offers access to over 350 cryptocurrencies for spot, margin, and futures trading with 50x leverage. The platform features advanced trading tools, including copy trading, trading bots, DCA investing, a demo account and options trading.

It also supports a DeFi ecosystem powered by the Binance Chain, which features an NFT marketplace, in-built Web3 wallet (Binance Wallet) and native token (BNB) for seamless interaction with DApps. Binance's commitment to security is evident through its Secure Asset Fund for Users (SAFU) and regular audits, ensuring the protection of user assets.

• Fees: Maker and taker fees start at 0.1%.
• Supported Assets: Over 350 cryptocurrencies.
• Regulation & Licensing: Operates in compliance with NAPP regulations.
• UZS Deposit Methods: Credit cards or cryptocurrency deposits.

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4. Gate.io

Gate.io has a vast selection of over 3,100 digital assets that provide comprehensive trading options, including spot, margin, and futures markets, with leverage options up to 100x available. There are advanced investment tools such as strategy bots, including spot grid, futures grid, and martingale strategies, allowing users to automate their trading activities.

Beyond trading, it offers financial products like Simple Earn for earning interest on idle funds, auto-investment plans for systematic investing, and crypto loans enabling users to borrow against their crypto holdings.. For those interested in copy trading, Gate.io facilitates both spot and futures copy trading, allowing users to replicate the strategies of successful traders. 

• Fees: Maker fees start at 0.2%, and taker fees start at 0.25%.
• Supported Assets: Over 3,100 cryptocurrencies.
• Regulation & Licensing: Not regulated in Uzbekistan but still accessible form the country.
• UZS Deposit Methods: Peer-to-peer (P2P) trading and cryptocurrency deposits.

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5. Bitget

Bitget has earned its reputation as a leading platform for copy trading. The exchange supports over 800 cryptocurrencies across spot and futures tradings. The standout feature is its comprehensive copy trading system, allowing users to replicate strategies from top-performing traders while monitoring their portfolio performance in real-time.

Beyond copy trading, Bitget offers tools like trading bots, enabling users to automate their trading strategies, and Bitget Earn, a service designed for passive income generation through staking, savings, and lending options. The platform also emphasizes secure trading with top-tier security protocols and maintains a user-friendly app for mobile trading.

• Fees: Spot trading fees are 0.1% for both makers and takers.
• Supported Assets: Over 800 cryptocurrencies.
• Regulation & Licensing: Operates under international compliance standards.
• UZS Deposits: Credit or debit cards.

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Is Crypto Regulated in Uzbekistan?

Uzbekistan has established a comprehensive regulatory framework for cryptocurrencies, overseen by the National Agency of Perspective Projects (NAPP). This agency licenses and supervises crypto-asset service providers (CASPs), including exchanges, mining pools, and depositories. 

Since January 1, 2023, residents have been permitted to conduct crypto transactions exclusively through licensed domestic CASPs, which include crypto exchanges, stores, depositories, and mining pools. These entities must be legally registered and licensed within the country. 

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How is Crypto Taxed in Uzbekistan?

Uzbekistan has implemented a detailed tax framework for cryptocurrency activities, reflecting its proactive approach to regulating the digital asset sector. Profits generated from crypto transactions, including trading and mining, are classified as taxable income and subject to a flat tax rate of 20%. 

The regulations also require individuals and businesses engaged in cryptocurrency activities to report their earnings to the State Tax Committee. To ensure compliance, licensed platforms must adhere to strict record-keeping and reporting standards, which include submitting transaction data.

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How to Buy Bitcoin in Uzbekistan

Investors in Uzbekistan can purchase Bitcoin through platforms licensed by the National Agency of Perspective Projects (NAPP), ensuring compliance with the country’s regulatory framework. Below is a short guide to buying BTC in Uzbekistan:

1. Select Exchange: Begin by choosing a licensed crypto exchange that supports transactions in Uzbekistan. 
2. Create an Account: Visit the exchange’s website or download its app to sign up. Complete the registration process by providing your details and undergoing the mandatory Know Your Customer (KYC) verification.
3. Fund Your Account: Once verified, access the deposit section of the platform. Select your preferred payment method and specify the amount in the accepted currency. Confirm the deposit to fund your account.
4. Buy Bitcoin (BTC): After funding, go to the trading or buy/sell section of the exchange. Look for the BTC trading pair with your selected currency, such as BTC/USDT. Enter the amount of Bitcoin you wish to buy and confirm the purchase.
5. Secure Your Bitcoin: Consider using a hardware wallet or a trusted software wallet to maintain full control of your private keys and reduce the risk of potential exchange vulnerabilities.

By following these steps, investors in Uzbekistan can safely buy Bitcoin while adhering to the country's crypto regulations.

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Bottom Line

Uzbekistan is emerging as a key market for crypto adoption, supported by the regulatory framework of the National Agency of Perspective Projects (NAPP). Leading exchanges such as Kraken, Binance, OKX, Gate.io, and Bitget enable Uzbek users to trade a diverse range of cryptocurrencies while adhering to local regulations.

These platforms offer valuable features like advanced trading tools, copy trading, secure custodial solutions, staking programs, and seamless deposit options for Uzbekistani Som (UZS).