If you want to join the crypto investing community, it is highly likely that you need a trustworthy medium to conduct your transaction – a crypto exchange. In Qatar, there are now plenty of options, but a regulated, safe exchange may still be difficult to find.
To help you create your crypto portfolio, we have done our due diligence to find the best trading platforms in Qatar for Bitcoin and other cryptocurrencies. Not all trading platforms allow you to trade these digital assets, so we put together a list of the best trading platforms that provide access to cryptocurrencies – whether you want to trade them in the short term or you want to buy cryptocurrencies and keep them in a crypto wallet.
Best Bitcoin/Crypto Exchange in Qatar: eToro
Best Bitcoin/Crypto Exchange in Qatar – Top 5 Crypto Exchanges List
Here is our curated list of the best crypto exchanges in Qatar:
1. eToro – Overall Best Crypto Exchange in Qatar 2021
2. Kraken – Most Popular Crypto Exchange in Qatar for Active Traders
3. Binance – Great Crypto Exchange in Qatar for Experienced Traders
4. Coinmama – Best Bitcoin Exchange in Qatar
5. OkCoin – Great Bitcoin Exchange in Qatar for Technical Analysis
Best Bitcoin/Crypto Exchanges in Qatar in 2021
There are numerous crypto exchanges in the world. Most of them function nearly all over the globe, but not all of them may be suitable for you. Considering their features, costs, and ease of use, we have selected these top five Bitcoin and crypto exchanges in Qatar. You can sign up right now and start trading crypto or go through the following section to find out more details.
1. eToro – Best Overall Bitcoin/Crypto Exchange in Qatar
eToro is by far one of the most popular trading platforms in the world. If you want to trade Bitcoin and other cryptocurrencies to grow your wealth, this is perhaps the best choice. It is ideal for beginners or individuals who do not have much time to spend on researching. For instance, one of the best features of eToro is known as CopyPortfolios. In this category, you can find well-rounded portfolios from a wide range of industries. CryptoEqual is one such example – and it hit a return of more than 580% in the past 12 months as of this writing.
eToro is a fully regulated broker, so you don’t need to worry about the safety of your funds. It is registered with several regulatory authorities around the world, and you can choose from multiple cryptocurrencies, stocks, bonds, indices, and you can even trade contracts-for-difference (CFDs) if you want to open short positions or earn from short-term trading.
Also, eToro does not charge you any commissions when you trade cryptocurrencies, stocks, ETFs, and more. If you use leverage, though, you will have to cover the overnight fee that starts at 0.01%. Also, deposits are completely free of charge, while withdrawals come with a small fixed fee of $5 regardless of the withdrawn amount. When it comes to depositing or withdrawing your cash, you can choose from e-wallets like Skrill and PayPal, or traditional methods like credit or debit cards, bank transfers, and others.
Also, you need to consider the variable exchange rate when depositing cash in currencies other than USD. As the base currency is in USD, you will need to either deposit USD or cover the exchange rate.
Finally, apart from having an intuitive web platform, eToro also provides you with a mobile app. This means you can keep track of your crypto investments on the go, buy or sell, or monitor the financial markets wherever you are.
| Pros | Cons |
| No commissions or deposit fees | Need to cover the exchange rate when depositing QR |
| One of the most trusted trading platforms in the world | The first deposit must be at least $1,000 |
| You can buy crypto with only $25 | |
| Fully regulated and safe | |
| You can copy ready-made portfolios or master traders | |
| Multiple other assets are available on the platform, including stocks | |
67% of all retail investor accounts lose money when trading CFDs with this provider.
2. Kraken – Best Crypto Exchange in Qatar for Active Traders
With a crypto offering that contains more than 90 assets, Kraken is one of the best crypto exchanges in Qatar for active traders. In general, the platform provides four types of investment options: crypto-assets like Bitcoin, Ethereum, and many more, margin trading, futures trading, and even OTC (over-the-counter) trading. The OTC services in particular are dedicated to institutional investors or individuals with at least $1 million to invest.
Margin trading means that you can borrow money to invest using your money as collateral. While this allows you to earn more, it is not recommended for beginners as the margin calls can lead to huge losses if the market moves against you. This type of trading is also more expensive, as you need to cover margin fees (both for opening the position and rollover fee). These fees are between 0.01% and 0.02%.
The fee structure is the well-known maker and taker model. A maker is a person who opens a position, while the taker is when you match or close an existing position on the market. The maker or taker fee is charged only when the order gets executed, depending on the available offerings at the time of placing your order. This range may be between 0.0% and 0.26%, depending on your 30-day trading volume in USD.
Kraken also provides you with market alerts in real-time, and you can earn rewards. The reward system is available for staking – or when you block some of your assets for a specific period. However, the exchange does not provide you with a hot wallet, so you may consider opting for a private one. Also, customer experience is not extremely satisfying, so it may not be a good choice for beginners.
| Pros | Cons |
| Numerous crypto assets are available | No wallet available |
| Low account minimum ($10) | |
| Abundant educational section | |
| A reward system is available (for staking) |
Or go to Kraken>
67% of all retail investor accounts lose money when trading CFDs with this provider.
3. Binance – Great Crypto Exchange in Qatar for Experienced Traders
Binance comes with perhaps the largest offering of cryptocurrency available on the market right now. It was initially established in China, then it relocated to Japan. The cryptocurrency exchange provides several security measures, including 2FA (two-factor authentication).
When it comes to fees, Binance is one of the most affordable exchanges in the industry, unlike Coinbase which is amongst the most expensive ones. Binance uses a maker-taker cost structure which is significantly easier to understand.
Binance is easy to use, but the wide array of crypto options may seem quite complex if you don’t have experience with crypto exchanges. Also, the terminology used on the platform may be quite confusing if you are new to trading or investing.
Binance also provides a mobile phone app, although it is quite poorly rated compared to eToro’s mobile app, for instance. For beginners, the exchange provides the Binance Academy, where you can read tutorials and other articles to familiarize yourself with trading.
Overall, Binance is a solid choice, but it may depend on your knowledge and budget. The exchange is more geared towards experienced investors who seek numerous trading options, analytics, charts, and other tools to make better trading decisions. As a beginner, you may have to do your own research and learn more before you manage to use all of its features.
| Pros | Cons |
| Plenty of crypto assets available | The mobile phone app is quite poorly rated |
| Numerous advanced tools for experienced investors | Has high fees for credit card deposits |
| A hot wallet is available | |
| Learning center for beginners |
Or go to Binance>
67% of all retail investor accounts lose money when trading CFDs with this provider.
4. Coinmama – Best Bitcoin Exchange in Qatar
Coinmama is a global Bitcoin exchange that’s also available in Qatar. In addition to this coin, you can purchase many other digital currencies using fiat (physical) currency. You can buy cryptocurrency instantly, and this is sent right to a private wallet of your choice. If you decide to sell cryptocurrency, the money is sent into your bank account. This way, Coinmama does not store any money on its servers, which deters cyberattacks.
There are several digital coins available for trading, including Bitcoin, Doge, Cardano (ADA), and Ethereum. It is highly recommended for beginners who want to buy and sell crypto assets without any hassle – all you need to do is click on “buy now” or “sell” to send your orders.
Unlike other exchanges where you need to deposit your money, Coinmama takes your money from the chosen provider (i.e., credit card, for instance) and sends your crypto to the wallet. This eliminates intermediaries and provides a more secure trading environment since the exchange does not hold any of your capital, whether fiat or crypto assets.
On the other hand, the current offering is only about ten digital assets. It also comes with slightly higher transaction fees compared to budget-friendly alternatives like eToro. Also, it is not ideal for trading as its analysis capabilities are extremely limited. For instance, there are no charts, so you cannot see your performance.
| Pros | Cons |
| Quick, beginner-friendly selling and buying | No mobile phone app |
| You are in complete control over your capital | Trading fees between 2.86% and 3.90% |
| Fees are lowered via a loyalty program depending on your purchase amount | No analysis tools or charts |
Or go to Coinmama>
67% of all retail investor accounts lose money when trading CFDs with this provider.
5. OkCoin– Great Bitcoin Exchange in Qatar for Technical Analysis
Unlike eToro, OkCoin is not a regulated exchange, but it does come with a solid reputation among its users and the crypto community. Some of the security features implemented include cold storage for most cryptocurrencies, SSL security encryption (just like banks), and real-time account monitoring.
OkCoin is built mostly for experienced traders, but beginners may easily learn their way around, too. With a few select digital assets available, the trading platform is web-based and comes with advanced charting tools, analysis features, and multiple technical indicators.
Based on how far you are willing to go with your verification process, OkCoin comes with different account types. The first level allows you to deposit $2,000 per day, but you cannot withdraw any cash; for this, you need to provide your name, birthdate, nationality, government-issued ID number, and address. The next level requires an actual photo of your government-issued ID and proof of address (for instance, a utility bill), and allows you to deposit and withdraw up to $50,000.
OkCoin also has a maker-taker cost structure, but the maker fees are zero. The taker fees depend on several factors, ranging from 0.20% to 0.10% and they decrease based on your trading volume. If you trade futures, you also need to cover a 0.3% fee per open position.
| Pros | Cons |
| Charting and analysis tools available | Not many digital assets are available |
| Advanced trade types, including futures and margin trading | |
| Robust security features like SSL security encryption | |
| Multiple technical indicators |
Or go to OkCoin>
67% of all retail investor accounts lose money when trading CFDs with this provider.
What Is a Crypto Exchange?
If you want to buy crypto, you need to understand what a crypto exchange is and how it works. Also, it’s important to know that a crypto exchange is often not regulated by any authority since cryptocurrencies are relatively new assets. However, choosing a broker like eToro means that you trade Bitcoin and other cryptocurrencies via a regulated medium.
Unlike a stockbroker like eToro, a crypto exchange is a digital marketplace where you can exchange your QR for digital assets like Bitcoin, Ethereum, and others. You can also trade crypto coins between themselves. For instance, you can buy Bitcoin with your existing Ethereum. When you decide to sell your digital assets, you will receive the fiat currency back, based on the market price of the digital asset you decide to sell.
Exchange Bitcoin at Qatar’s Best Crypto Exchange: eToro
How to Pick the Best Crypto Exchange in Qatar for Your Needs
If you are still unsure which crypto exchange in Qatar is best for your needs, check out the following important aspects you should consider before making a decision.
Trading Options
Firstly, not all crypto exchanges offer all the thousands of different digital assets available on the market right now. If you only want to trade Bitcoin, for instance, you will most likely find it on any crypto exchange. However, newer coins like Shiba may not be available everywhere – and the same is true in the case of meme coins or new altcoins.
Also, as discussed above, some crypto exchanges allow you to use advanced orders and trade types, such as trading futures or margin trading. These are recommended for more experienced traders who know how to implement risk management techniques. The crypto world is extremely volatile, especially if you buy and sell newer coins, so your whole investment may be easily wiped out.
Fees
There is no completely free-of-charge crypto exchange – they are still businesses that need a steady revenue stream. However, the fee structure depends on your chosen service provider. Most crypto exchanges use a maker-taker fee model as presented above, along with several other costs for deposits, withdrawals, and other operations.
Make sure you analyze the fee structure before signing up with a crypto exchange. Some brokers like eToro are significantly cheaper than others since it does not charge you any commission when buying and selling cryptocurrency. Others may come with higher costs that could easily bite into your profit. Before signing up, it’s important to ensure that you understand how the crypto exchange really works and when you will be charged.
Regulations
Unlike fiat currencies, cryptocurrency is not backed by the government or any other authorities. For investors, this means that their digital assets are not as protected as keeping the money in a bank or making a traditional investment (in stocks, for instance).
Because of this lack of regulation surrounding cryptocurrencies, it is important to ensure that your chosen service provider is trustworthy and has a good reputation. When buying and holding crypto, it’s best to opt for a private wallet (ideally a cold wallet) to keep your coins.
Trading Tools
Not all exchanges are created equal, so the trading tools you need are an important aspect to consider before signing up with a service provider. Some exchanges are simple marketplaces where you can buy and sell digital coins. Others are geared towards traders and provide them with analysis tools, advanced charting capabilities, and many other features to support data-driven decision-making.
Although this is not very common among crypto exchanges, trading platforms like eToro are more geared towards hassle-free investing for both experienced and beginner traders. One of the best features, in this case, is the CopyPortfolio feature or the social trading tools that allow you to copy a complete portfolio or other traders with maximum ease.
Payment Methods
The payment methods supported by your chosen crypto exchange define how easy you will be able to make deposits or withdraw your capital. Double-check what options you have and what costs are associated with them.
Customer Service
Finally, customer service is a noteworthy aspect, too. It’s best to go for an exchange that provides a 24/7 live chat feature. Email or phone customer support may take a lot longer, especially if the service team is located in another country with a completely different time zone.
Best Crypto Exchange in Qatar: How To Begin (Step-by-step)
Now that you are more prepared to start trading Bitcoin or other cryptocurrencies, all you need to do is open an account. Below, we will walk you through this process and illustrate how you can open your trading account in only a few minutes.
1. Open a Trading Account
Firstly, access your chosen crypto exchange and click to sign up. Based on the service provider you choose, you may need to download proprietary software to start trading. However, eToro is available right in your web browser. Complete the form with the correct information, mentioning your name, email address, and create a secure password.
Click here to open your account with eToro >
2. Upload Your ID
The next step is the KYC process. This may not be compulsory when registering with other exchanges, but the lack of identity verification means a lack of regulation, too. As eToro is a fully regulated broker, you need to upload your ID and proof of address to validate your account. This measure is to keep a safe trading environment and prevent fraud or security breaches. eToro will verify your documents automatically, while others may take a few business days.
3. Deposit Funds
Now that your account is validated, all you need to do is deposit your funds. If this is your first time, you may want to go for the demo account first – which allows you to create a virtual portfolio using real-time market data and $100,000 in virtual money.
4. Search for Crypto Markets
Once you are ready to begin, browse through the crypto offering of your exchange. This depends on which service provider you decide to choose. For eToro, all you need to do is click on “Discover” and search through the numerous cryptocurrencies available.
4. Place a Trade/Purchase
Once you found the right digital assets, all you need to do is place a trade. When clicking on the “trade” button, you can add how much money you want to spend, and it will automatically show the units you will own.
Best Bitcoin/Crypto Exchange in Qatar: Conclusion
All in all, buying Bitcoin or crypto on an exchange in Qatar is not a very difficult process. Indeed, it is riskier than traditional investments, so you should be comfortable with market volatility. When choosing the best exchange for your needs, keep in mind all of the aspects covered above. If you want to become familiar with the crypto trading world first, you can simply open a demo account on eToro and try out its features.
Top Rated Bitcoin/Crypto Exchange: eToro
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