In this blog post, we will cover which crypto exchanges are appropriate in Eritrea, looking for those that provide safe trading, multiple cryptocurrencies, and ease of use.
I will analyze the Eritrean market and provide a review for both beginners and advanced traders looking for services with reasonable fees, reliable exchanges, and accessibility of crypto trading services, all tailored in a safe manner.
Key Points & Detailed
SpectroCoin: Offers crypto wallets, exchange services, and prepaid cards; supports multiple cryptocurrencies.
Changelly: Instant crypto exchange platform; user-friendly; supports a wide range of coins with low fees.
Binance: One of the largest global exchanges; offers spot, futures, staking, and savings; high liquidity.
KuCoin: Wide range of altcoins; margin and futures trading; user-friendly interface with staking options.
Gemini: Regulated US-based exchange; strong security measures; supports fiat-to-crypto trading.
Kraken: Highly secure; supports spot and futures trading; offers staking and margin trading; fiat-friendly.
Bybit: Focused on derivatives and futures trading; leveraged trading available; crypto-only platform.
OKX: Offers spot, futures, options, and DeFi services; supports staking and lending; global reach.
EXMO: European exchange; fiat support (EUR, USD, RUB); spot trading with beginner-friendly interface.
ChangeNOW: Instant crypto swap service; no registration required; supports multiple cryptocurrencies with competitive rates.
10 Best Crypto Exchanges In Eritrea
1. SpectroCoin
SpectroCoin was founded in 2013 and is a complete service crypto exchange that includes a wallet and payment processing system.
SpectroCoin has localized payment options such as SEPA and international bank transfers and offers worldwide customer support in over 150 countries including Eritrea.
Supporting the most popular crypto currencies such as Bitcoin, Ethereum and Dash, SpectroCoin charges between 0.1%-0.5% trading fees. It is fully functional and usable through both web and mobile so it is very accessible for Eritreans.
Margin trading SpectroCoin offers is up to 1:2 for fiat currencies. Users can easily convert between crypto and fiat as it offers USD, GBP, and EUR.
SpectroCoin has a rating of 4.2 out of 5 for the customer service and seamless integration of their services.
| Feature | Details |
|---|---|
| Established Year | 2013 |
| Local Exchange Support | Supports SEPA, SWIFT, Visa debit card for EU users |
| Country Support | Available in 150+ countries |
| Rating | 3.87/10 (TradersUnion) |
| Crypto Support | 50+ coins including BTC, ETH, DASH, XEM |
| Trading Fees | Varies by method; Pro trading has low fees, instant buy is expensive |
| Availability | Web and mobile apps (iOS, Android) |
| Max Leverage | Limited; not a leverage-focused platform |
| Available Assets | Spot trading, crypto loans, wallet, Visa card |
| Fiat Support | EUR, USD, GBP; IBAN integration |
2. Changelly
Founded in 2015, Changelly is a non-custodial exchange and well-known for its speedy crypto swaps. They are accessible from Eritrea and accept payments using credit and Apple Pay. Over 500 cryptocurrencies are accessible through Changelly, including BTC, ETH, and XRP.
Changelly has a fix trading fee of 0.25%. Changelly is accessible on desktop and mobile which means it is also available to Eritrean traders on the go.
Even though it does not offer leverage trading, it’s very simple and its user interface and smooth operations makes it great for beginners.
Fiat currencies supported are USD, EUR, and GBP, which makes it very convenient for crypto purchases. Changelly has a user rating of 4.3/5 due to its smooth and low fee transactions.
| Feature | Details |
|---|---|
| Established Year | 2015 |
| Local Exchange Support | Credit card, Apple Pay, SEPA via partners like MoonPay |
| Country Support | 100+ countries |
| Rating | 4.3/5 (BeInCrypto) |
| Crypto Support | 1000+ coins including BTC, ETH, XRP, LTC |
| Trading Fees | Flat 0.25% + network fees4 |
| Availability | Web and mobile apps; no registration required |
| Max Leverage | None; instant swap platform only |
| Available Assets | Crypto swaps, fiat on-ramp, API integration |
| Fiat Support | USD, EUR, GBP, via partners |
3. Binance
Founded in 2017, Binance is the most popular crypto exchange in the world which is also highly used in Eritrea.
It is available in more than 180 countries, provides P2P trading, bank transfers, and other regional payment options.
Binance has more than 350 cryptocurrencies and the trading fees are incredibly low, starting at just 0.10%.
It is available in web, android and iOS Apps which increases its accessibility. It also has margin trading and futures with up to 10x leverage.
It also supports crypto to fiat conversions on USD, EUR, and NGN. Binance has a score of 9.8/10 and is well known for having strong security alongside crypto trading tools.
It is also ranked as one of the top four crypto exchanges in Eritrea for having a diverse range of assets and professional features.
| Feature | Details |
|---|---|
| Established Year | 2017 |
| Local Exchange Support | P2P, bank transfers, Visa, Mastercard |
| Country Support | 180+ countries |
| Rating | 9.8/10 (CryptoVantage) |
| Crypto Support | 400+ coins, 1000+ pairs |
| Trading Fees | 0.1% spot; 0.075% margin; tiered discounts |
| Availability | Web, Android, iOS, API |
| Max Leverage | Up to 125x for futures |
| Available Assets | Spot, margin, futures, staking, NFTs |
| Fiat Support | USD, EUR, NGN, 20+ currencies |
4. KuCoin
KuCoin was created in 2017 and it is a worldwide exchange available in over 200 countries including Eritrea. Users can access KuCoin through local P2P trading and a number of payment options.
Clients on KuCoin can trade over 700 cryptocurrencies, including exotic coins, with fees as low as 0.1. KuCoin can be accessed through both desktop and mobile devices which means it can be accessed 24 hours a day, 7 days a week.
KuCoin’s platform is appealing to many advanced traders as they provide up to 100x leverage in futures trading. Users can deposit fiat currency in USD, EUR, and CNY which makes entering the crypto market very easy.
KuCoin’s 4.5/5 is a testament to the platform’s innovative and community-driven features. KuCoin is one of the four biggest Ethiopian crypto exchange platforms which is attributed to its community driven features, liquidity, and wide range of cryptocurrencies.
| Feature | Details |
|---|---|
| Established Year | 2017 |
| Local Exchange Support | P2P trading, limited fiat on-ramps |
| Country Support | 200+ countries |
| Rating | 4.5/5 (CoinTelegraph) |
| Crypto Support | 1000+ coins including altcoins |
| Trading Fees | 0.1% base; discounts with KCS token |
| Availability | Web, mobile apps, API |
| Max Leverage | Up to 100x for futures |
| Available Assets | Spot, margin, futures, staking, NFTs |
| Fiat Support | USD, EUR, CNY (limited) |
5. Gemini
Gemini was started by the Winklevoss twins in 2014. It is a regulated US exchange that provides services to even the users in Eritrea. Gemini allows traders to buy and sell over 100 cryptocurrency pairs including BTC, ETH, and LTC.
Gemini charges trading fees that start from 0.35% for small trades and goes even lower for high volume traders.
Gemini can be accessed through web and mobile, making it very easy to use. Gemini offers lower leverage compared to most other platforms, but focuses more on compliance and security.
It allows users to deposit and withdraw in fiat currencies like USD, GBP, and AUD. Gemini has a score of 4.4/5 which shows that it is respected for its user protection and regulatory transparency.
It is one of the most trusted and easy to use platforms which makes it one of the best crypto exchanges in Eritrea.
| Feature | Details |
|---|---|
| Established Year | 2014 |
| Local Exchange Support | ACH, wire, debit card, Gemini Pay |
| Country Support | 70+ countries |
| Rating | 4.4/5 (CryptoVantage) |
| Crypto Support | 160+ coins including BTC, ETH, SOL |
| Trading Fees | 0.2%-0.4% ActiveTrader; 1.49% instant buy |
| Availability | Web, mobile apps, ActiveTrader platform |
| Max Leverage | Limited; no margin trading |
| Available Assets | Spot, staking, Gemini Earn, NFTs |
| Fiat Support | USD, GBP, AUD |
6. Kraken
Founded in 2011 in the US, Kraken exchange is one of the oldest and most secure exchanges in the world. For Eritrean customers, Kraken provides bank SWIFT transfers and local exchange assistance.
With 190+ countries served, Kraken exchange is rated 4.5/5 on reliability and compliance. It offers 200+ cryptocurrencies to trade, including Bitcoin, Ethereum, and Solana.
Kraken charges a trading fee which ranges from 0% to 0.26%. Kraken provides a web platform and a mobile app, and offers margin trading with up to 5x leverage.
Kraken supports spot trading, futures trading, and staking. The relatively supported fiat currencies are USD, EUR, GBP, and JPY.
Kraken has been listed four times as one of the best exchanges in Eritrea for its crypto security and outstanding global access.
| Feature | Details |
|---|---|
| Established Year | 2011 |
| Local Exchange Support | Bank transfers, SWIFT, SEPA |
| Country Support | 190+ countries |
| Rating | 4.5/5 (Coin Insider) |
| Crypto Support | 200+ coins including BTC, ETH, SOL |
| Trading Fees | 0%-0.26% maker/taker |
| Availability | Web, mobile apps, Kraken Pro |
| Max Leverage | Up to 50x for futures |
| Available Assets | Spot, margin, futures, staking |
| Fiat Support | USD, EUR, GBP, JPY, CAD, AUD |
7. Bybit
Bybit has been active since 2018 and is located in Dubai. The company provides advanced traders with cryptocurrency derivatives. Thanks to global access and P2P trade, Bybit provides support to Eritreans with localized payment methods.
The company has 4.3/5 user rating for fast execution, advanced trading tools, and operates in 160+ countries.
It has over 400 tradable cryptocurrencies such as BTC, ETH, and USDT. Its derivatives and spot trading fees are 0.075% and 0.1% respectively.
Users can access Bybit from mobile and desktop and can trade futures with leverage of 100x. Users can trade spot, perpetual contracts, and options.
Accepted fiat currencies include USD, EUR, and TRY. Due to these features, Bybit is listed among the best crypto exchanges in Eritrea for leverage and trading depth.
| Feature | Details |
|---|---|
| Established Year | 2018 |
| Local Exchange Support | P2P, bank transfers, crypto loans |
| Country Support | 160+ countries |
| Rating | 4.3/5 (HedgeWithCrypto) |
| Crypto Support | 400+ coins including BTC, ETH, USDT |
| Trading Fees | 0.1% spot; 0.01%/0.06% derivatives |
| Availability | Web, mobile apps, API |
| Max Leverage | Up to 125x for derivatives |
| Available Assets | Spot, futures, options, staking, NFTs |
| Fiat Support | USD, EUR, TRY |
8. OKX
OKX has been a cryptocurrency exchange since its establishment in 2017 in Seychelles. Essex offers P2P trading and has more than ten fiat and payment channels.
Users appreciate the platform for its shallow trading fees and extensive liquidity, and OKX gets a 4.4/5 for maintaining over 400 digital currencies and almost 800 trading pairs.
The trading rates also tend to be more competitive than other exchanges. 0.08% for makers and 0.10% for takers is more than favorable.
This trading platform and cryptocurrency exchange can be accessed via web, Android, or Apple devices and offers derivatives trading with leverage ratios up to 125.
OKX offers a variety of assets like spot, futures, staking, and NFTs. Supported payment methods are USD, EUR, and Jawa.
Read more about the best crypto exchanges in Eritrea and see why it is ranked four times for the great variety of supported assets and trading features.
| Feature | Details |
|---|---|
| Established Year | 2017 |
| Local Exchange Support | P2P, fiat gateways, AUSTRAC SMSF platform23 |
| Country Support | 180+ countries |
| Rating | 4.4/5 (CexFinder) |
| Crypto Support | 400+ coins including BTC, ETH, LTC |
| Trading Fees | 0.08% maker, 0.10% taker |
| Availability | Web, mobile apps, API |
| Max Leverage | Up to 100x for futures |
| Available Assets | Spot, margin, futures, staking, NFTs |
| Fiat Support | USD, EUR, GBP, AUD |
9. EXMO
EXMO was founded in 2014 and is located in the UK. It is a European based crypto exchange which is rapidly expanding around the world.
With payment options like SWIFT and SEPA payment systems,Exmo also attracts users from Eritrea.
The company is operational in over 60 countries and ranked 4.2/5 for user simplicity and reliability. The platform supports over 50 cryptocurrencies like BTC,ETH and XRP.
Trading volumes are charged at a rate of 0.3% to 0.1%. Users can access the platform on desktop and mobile, and can apply for margin trading of up to 20x leverage.
Accessible assets include margin and spot trading. Fiat currencies accepted include Euros, United States dollars, Rubles and Hryvnias.
Users from Eritrea claim Exmo to be among the best crypto exchange options because of the European compliance and low trading requirements.
| Feature | Details |
|---|---|
| Established Year | 2013 |
| Local Exchange Support | SEPA, Visa/Mastercard, AdvCash |
| Country Support | 200+ countries |
| Rating | 7/10 reliability score |
| Crypto Support | 85+ coins including BTC, ETH, XRP |
| Trading Fees | 0.1%-0.3% depending on volume |
| Availability | Web, mobile apps |
| Max Leverage | Up to 20x for margin |
| Available Assets | Spot, margin, OTC, cashback rewards |
| Fiat Support | USD, EUR, GBP, RUB, UAH |
10. ChangeNOW
Founded in 2017, ChangeNow is a non-custodial crypto exchange that stands out for its instant swaps and ease of use. Supported globally, ChangeNow offers Eritrean users local exchange support via credit card and Apple Pay.
Change Now enjoys a user rating of 4.0/5 for its rapid transactions, user-friendly interface, and global support in over 200 countries. It allows trading in more than 500 cryptocurrencies including BTC, ETH, and DOGE.
There is no hidden fee and trading fees are built into exchange rates which are usually around 0.5%. Users can access the platform via their mobile and web apps, however, ChangeNow does not offer leverage trading.
Available assets include crypto swaps and purchases, while fiat support consists of USD, EUR, and GBP. ChangeNow has been recognized four times for being the best crypto exchange in Eritrea for its ease of use and extensive crypto offerings.
| Feature | Details |
|---|---|
| Established Year | 2017 |
| Local Exchange Support | Credit card, Apple Pay, MoonPay |
| Country Support | 200+ countries |
| Rating | 4.0/5 (User reviews) |
| Crypto Support | 800+ coins including BTC, ETH, LTC |
| Trading Fees | ~0.5% included in rate; no hidden fees |
| Availability | Web, mobile apps, API |
| Max Leverage | None; non-custodial swap platform |
| Available Assets | Instant swaps, fiat on-ramp, cashback |
| Fiat Support | USD, EUR, GBP via partners |
Conclsuion
To sum up, crypto users in Eritrea can access multiple commendable crypto exchanges like Binance, KuCoin, SpectroCoin, Changelly, and Gemini.
Apart from the different digital currencies, the exchanges provide low fees and a safe trading environment.
Users in Eritrea can safely buy, sell and trade digital assets as well as explore staking and earning opportunities, whether they are beginners or experienced traders.
FAQ
For beginners, Changelly and ChangeNOW are simple for instant crypto swaps without needing extensive experience. Binance and KuCoin provide more advanced tools but are beginner-friendly with tutorials and mobile apps.
Support for local payment methods is limited. Most users rely on international payment options like bank cards, SWIFT transfers, or crypto-to-crypto trading. SpectroCoin offers prepaid crypto cards, which can help with local spending.
Trading fees vary by platform. Binance and KuCoin offer competitive fees, often below 0.1% for spot trading, while Changelly and ChangeNOW charge slightly higher fees for instant swaps (around 0.25%–0.5%). Gemini and Kraken use tiered fee structures based on trading volume.
Users in Eritrea can access major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) on almost all platforms. Exchanges like Binance and KuCoin also offer a wide variety of altcoins and tokens, while swap services like ChangeNOW and Changelly provide instant exchanges without account registration.
Most of the listed exchanges, like Binance, Gemini, and Kraken, are highly regulated and employ advanced security measures such as two-factor authentication (2FA) and cold storage. SpectroCoin and Changelly also maintain a secure environment for trading, but users should always follow personal security best practices.
