For Kuwaiti traders, the best exchange is the one you rarely have to think about, it should handle Kuwaiti Dinar (KWD) deposits and global compliance in the background so you can focus entirely on the market.
We spent weeks stress-testing 50+ platforms to find the few that actually deliver on that promise. Instead of relying on global reputation alone, we specifically tested local payment gateways, verified native Arabic support, and filtered for top-tier licenses from bodies like the FCA and FinCEN. Because a privacy-focused trader needs different tools than a beginner buying their first Bitcoin, we mapped our top recommendations, from Bybit to Blofin, to the specific strategy they serve best.
| Exchange | Ranking | Taker/Maker | Available Crypto | Accepts Fiat | Payment Methods | KYC |
|---|---|---|---|---|---|---|
Bybit | 4.6 Read Review | 0.1% / 0.1% | 519 | Yes | +2 | Yes |
Kraken | 4.2 Read Review | 0.4% / 0.25% | 532 | Yes | +3 | Yes |
Bitget | 4.7 Read Review | 0.1% / 0.1% | 657 | Yes | +2 | Yes |
MEXC | 4.6 Read Review | 0.01% / 0% | 1767 | Yes | +3 | No |
OKX | 4.6 Read Review | 0.1% / 0.08% | 296 | Yes | +6 | YES |
Blofin | 3.8 Read Review | 0.6% / 0.6% | 412 | No | +8 | No |
Bybit is one of the largest exchanges with over 75 million users worldwide, popular for its advanced desktop platform with deep liquidity across a wide range of spot and derivatives markets. The exchange stands out for its Arabic support and Shariah-compliant accounts that are perfect for Muslim investors.
Kraken is a US-based exchange established in 2011 that is renowned for its institutional-grade security, beginner-friendly interface, and robust regulatory compliance. With over 13 million users globally, Kraken was voted Best Crypto exchange by Forbes, making it perfect for beginners & first time investors.
Bitget is a Singaporean exchange that is popular for its derivatives trading and robust security. With over 550 derivatives markets covering crypto, stocks, and ETFs, it is the perfect platform for advanced traders looking to trade a variety of assets, with API support for algorithmic and high-frequency trading.
MEXC is a trading-focused exchange that is popular for offering the lowest trading fees in the industry, alongside one of the largest coin selections in the industry. Its advanced trading platform and low trading fees make it ideal for fee-conscious traders looking to minimize fees and maximize profit.
OKX is a leading exchange that has one of the highest daily trading volumes in the industry. It is also home to one of the largest P2P marketplaces, with hundreds of verified merchants supporting a wide range of fiat currencies and payment methods, making it ideal for Kuwaiti users looking to quickly and easily fund their accounts.
Blofin is a leading no-KYC platform that is popular for its derivatives trading and robust security. It offers the same trading tools and instruments as leading exchanges, without the requirement of KYC verification. This makes it perfect for privacy-focused users and the strict regulatory landscape in Kuwait.
Kuwait has some of the strictest positions on crypto in the whole Gulf region. The Central Bank of Kuwait (CBK) and Capital Markets Authority (CMA) issued a complete ban on most crypto-related activities. The ban prevents the use of crypto for payments, mining crypto, treating crypto as an investment, and prohibits issuing licenses for Virtual Asset Service Providers.
The crackdown on crypto was primarily due to Kuwait’s framework for anti-money laundering and counter-terrorism financing, but also to stop crypto mining from draining electricity and causing power outages across the country.
Kuwait does not impose any personal Income Tax or Capital Gains Tax, meaning any profits generated from investing or trading crypto are completely tax free. Individuals have a tax-free environment in Kuwait given the fact the government does not recognize or regulate crypto activity.
Despite the complete ban on crypto activity, international exchanges still offer a wide range of crypto products to Kuwaiti users. These platforms offer trading products including spot trading, derivatives trading, options, and more. Most leading exchanges also offer staking or “Earn” products that let users generate passive income by staking or locking up tokens.
| Payment Method | Transaction Fee | Processing Time | Supported Exchanges |
| Bank Transfer (via P2P trading) | Free | Up to 15mins | Bybit, Bitget, OKX |
| Bank Card | Up to 4% | Instant | Bybit, Bitget, MEXC, Paybis |
| Apple/Google Pay | Up to 4% | Instant | Bybit, Bitget, MEXC |
| Digital Wallets (via P2P trading) | Free | Up to 15mins | Bybit, Bitget, OKX |
| Third-Party Payment Providers | Vary by payment method | Instant | Bybit, Blofin |
When choosing an exchange in Kuwait, given the lack of local regulation, security should be your number one priority. We suggest looking for features such as:
P2P trading is technically banned under Kuwait’s blanket crypto ban, however most international exchanges offer comprehensive P2P marketplaces with support for a range of KWD payment methods. Given the limited on-ramping options for Kuwaiti users, P2P trading has become a popular way for users to buy and sell crypto for KWD.
| Fee Type | Description | Typical Range / Notes |
| Spot Trading Fees | Maker/taker fees for placing spot orders | 0.1%-0.2% for both maker/taker (can be lower with VIP discounts or holding exchange tokens) |
| Margin Trading Fees | Maker/taker fees for placing spot margin orders | 0.1%-0.2% for both maker/taker (will also incur interest charges) |
| Futures Trading Fees | Maker/taker fees for placing spot margin orders | 0.02-0.03% for maker & 0.05-0.06% for taker orders (will also incur funding rate fees) |
| Interest Charges | Interest incurred when borrowing assets for spot margin trading | 0.0005-0.005% per hour (varies greatly by platform & asset) |
| Funding Fees | Fees incurred when futures trading, which keep derivative prices in line with spot prices | 0.001-0.01% every 8hrs (varies by platform & asset) |
| Buy Crypto Fees | Applies to Quick Buy and Quick Sell KWD transactions | Up to 5% for card transactions, or free via P2P trades |
| Crypto Deposit/Withdrawal Fees | Fee for depositing or withdrawing crypto, typically to cover network fees | $1-10 depending on the network used & network congestion |
Shennon Hewa is a crypto trader and crypto journalist based in London. Active in the crypto space since 2017, he specializes in scalping, derivatives day trading, and swing trading. At FXEmpire, he has reviewed dozens of crypto exchanges and has extensive knowledge of platform strengths and weaknesses.
At FXEmpire, we strive to provide unbiased, thorough, and accurate exchange reviews by industry experts to help our users make smarter financial decisions.