In this article, I plan to describe the best crypto exchanges in Uruguay, analyzing the sites with safe trading, a variety of crypto, and an easy-to-use interface.
Every trader, no matter their experience level, should know the exchanges available in Uruguay to ensure their trading is safe and efficient. In this case, we will evaluate the platforms based on features, fees, and services.
How We Choose Best Crypto Exchanges In Uruguay
Regulation & Licensing: For the client protection, compliance, safety, and legal user benefits, we consider only exchanges that are licensed and/or regulated.
Security Measures: We consider exchanges that have 2FA, cold storage, insurance, regular audits and other means to provide protection to the users’ funds.
Supported Cryptocurrencies & Trading Pairs: Exchanges that provide a broader spectrum of coins and pairs for trading, such as BTC, ETH, and other altcoins, as well as stablecoins, are scored higher.
Trading Fees (Maker/Taker): Fees which are clearly defined and low in maker/taker category and also, are discounted for a volume as a trading benefit, are scored higher.
Payment Methods & Fiat Support: Local users will benefit from platforms that allow bank transfers, supported debit/credit cards, and popular payments applications.
User Experience & Interface: We consider user interfaces to be user friendly when platforms are available on smartphones, responsive, and easy to use for both novice and expert traders.
Key Points
| Exchange | Key Features |
|---|---|
| MEXC | Zero maker fees, futures trading, launchpad access |
| OKX | Advanced trading tools, staking, NFT marketplace |
| Kraken | Strong euro liquidity, staking, high security |
| Bitget | Copy trading, futures with leverage, beginner-friendly |
| Uphold | Multi-asset platform (crypto, stocks, metals), transparent fees |
| KuCoin | Margin trading, lending, bot trading |
| Bybit | 100x leverage, copy trading, deep liquidity |
| CEX.IO | Fiat support, regulated in multiple jurisdictions |
| WhiteBIT | European compliance, staking, competitive fees |
| LBank | Altcoin variety, global reach, low fees |
10 Best Crypto Exchanges In Uruguay
1. MEXC
MEXC is one of the Best Crypto Exchanges In Uruguay that in 2018 was launched by John Chen. It has very low maker and taker fees which start from 0.1% and is even cheaper for high-volume trade.
It is one of the very few low cost exchangers for crypto owing to the low trading fees. MEXC has access to spot and futures markets and supports over 1,500 cryptocurrencies.
It has more than 170 countries, including Uruguay, and also supports multiple languages like English, Spanish, and Portuguese.
They have very strong security, a great global reputation, and still low fees which is why MEXC is considered one of the Best Crypto Exchanges In Uruguay.
Pros:
- Allows over 2,800 cryptocurrencies and 3,100+ trading pairs with no trading limits.
- 0% trading fees for makers and low taker fees.
- Offers a simple and sophisticated design for anyone at any skill level.
- 24/7 customer support in multiple languages.
Cons:
- Company is registered in the Seychelles and is still trying to gain regulatory approval.
- Some users report problems with the speed at which they can withdraw money.
- Can only deposit crypto, the to deposit available fiat currencies is quite low.
- Some new users may struggle with the additional features.
2. OKX
OKX was founded in 2017 by Star Xu. It is also one of the Best Crypto Exchanges In Uruguay. It has a competitive fee structure that ranges from an advanced maker fee of 0.08% and a taker fee of 0.1% for futures and spot trading.
OKX also has 350+ cryptocurrencies and advanced staking options. It is available in more than 100 countries, and users from Uruguay are also fully supported.
Interface languages available are English, Spanish, and Chinese, among others. OKX certainly deserves to be highlighted as one of the Best Crypto Exchanges In Uruguay for both novice and expert traders. Its interface is simple, and has a great reputation, which makes it easier for users.
Pros:
- Offers 7,800+ digital assets and 12,000+ trading pairs.
- Has sophisticated features like margin trading and funding for futures.
- Offers a simple and modern design for anyone at any skill level.
- Gives traders with high volume a rebate and has low fees.
Cons:
- Some users may be unable to use the service in their country.
- Magin and futures funding features may overwhelm new users.
- Customer service is quite slow.
- Some would argue that the features advanced for beginners are a bit overwhelming.
3. Kraken
Kraken was founded by Jesse Powell in 2011. A highly transparent platform with strong regulatory compliance, Kraken charges maker fees starting at 0.16% and taker fees at 0.26%.
It supports 200+ cryptocurrencies and stablecoins, catering to diverse traders. Kraken operates globally and is available in Uruguay, where it is equally well-supported in Spanish.
Kraken’s global reputation is bolstered by its top-notch security, including cold wallet reserves and proof-of-reserves visibility.
Kraken is incredibly dependable with advanced trading features, generating Kraken’s global reputation by traders as the Best Crypto Exchange in Uruguay.
Pros:
- Can be paired with over 200 cryptocurrencies and multiple fiat currencies.* Adapts a professional style while preserving and changing all advanced trading functionalities like margin and futures trading.
- Also, provides a secure environment with lots of guarantees.
- Minimal trading costs, particularly on Kraken Pro.
Cons:
- Complicated interfaces earn negative reviews from novices.
- Pro interfaces have come under criticism for unavailability in certain zones.
- Striking restrictions have led to abrupt account terminations for certain users.
- Inconstant in return times of customer support regarding account issues.
4. Bitget
Bitget is one of the Best Crypto Exchange in Uruguay and is highly ranked in most. It was established in 2018 and is owned by Sandra Lou. The platform is popular for its copy-trading functionality.
The fee structure is quite competitive as the maker and taker fee for derivatives trading stand at 0.02% and 0.06% respectively. Bitget is available in 100 countries including Uruguay and has more than 500 cryptocurrency services.
The platform provides assistance in Spanish, English, and many other languages. Along with competitive fee structure, Bitget has robust security and an expanding user base, this has allowed them to excel in the Crypto markets.
It is one of the Best Crypto Exchanges in Uruguay because of its advanced tools like social trading and its extensive crypto offerings.
Pros:
- Offers a very competitive rate for both spot and derivatives trading.
- Offers derivatives trading with a focus on advanced features.
- Holds licenses in the US, Canada, and Australia.
- Provides innovative features such as copy trading.
Cons:
- In certain areas, direct fiat on-ramps are limited.
- Counterparty risk due to centralized custody.
- In the case of problem situations, support is reported to be uneven.
- Advanced features are often criticized for their bewildering nature.
5. Uphold
Uphold is a multi-faceted platform that deserves to be Best Crypto Exchanges In Uruguay. Halsey Minor founded it in 2015. The platform substitutes maker and taker fees for a clear fee model based on spread, which is 0.8% to 1.2% on average.
Uphold is available in more than 180 countries, including Uruguay, and offers customer support in Spanish and other languages.
It is known for supporting over 250 cryptocurrencies, trading in fiat currencies and precious metals, and upholding its reputation for user-friendliness and transparency during operations.
Its multi-asset support and global reputation make it one of the Best Crypto Exchanges In Uruguay. Users, whether novice or professional, can easily operate the platform.
Pros:
- Integrates more than 300 digital assets with different fiat currencies.
- Promotional services available like direct deposits and with secured Visa, Mastercard services debit and prepaid cards.
- Customers are attended to any time of the day and night.
- Has a clean record of law compliance, actively.
Cons:
- Charges for a transaction can be expensive with certain of its rivals.
- Few users have reported a lack of advanced features.
- Certain users have reported a lack of advanced features.
6. KuCoin
KuCoin continues to remain one of the Best Crypto Exchanges In Uruguay. KuCoin was launched in 2017 by Michael Gan.
Since then, it has become popular for having over 700 supported cryptocurrencies. KuCoin has very reasonable trading fees at 0.1% for both maker and taker. Operating in over 200 countries, KuCoin servers Uruguay and provides full customer support in Spanish, English, and several other languages.
KuCoin has become known as the “People’s Exchange” and has gained popularity for its easy to use interface and rewarding features.
KuCoin continues to be named as one of the Best Crypto Exchanges In Uruguay because of its large selection of coins and low fees.
Pros:
- It has a vast selection of over 700 cryptocurrencies with more than 1,200 trading pairs.
- It has a large selection of cryptocurrencies to stake, offers premarket trading, and has institutional-level services.
- It offers both margin trading and opportunities for passive income.
- Their platform is easy for newcomers and seasoned investors alike.
Cons:
- All U.S. traders lose access due to the compliance restrictions.
- It works in a number of countries with no license.
- Customer support response times can vary.
- Some features of the platform may appear to be complicated to untrained users.
7. Bybit
Bybit is another name that comes up among the Best Crypto Exchanges In Uruguay. Founded in 2018 by Ben Zhou, Bybit is recognized for derivatives and futures trading.
It has a 0.01% maker fee and 0.06% taker fee, which is decent for a high-volume trader. In Uruguay, and the rest of the world, Bybit is able to support users in over 160 countries with 400 plus cryptocurrencies and Spanish and global language support functions.
Bybit is known for rapid transactions, user-friendly instruments, and high liquidity. It has very sophisticated instruments for trading which is why it remains among the Best Crypto Exchanges In Uruguay for advanced traders of crypto
Pros:
- Bybit provides deep liquidity for major cryptocurrencies trading pairs with substantial trading volume.
- Bybit provides perpetual futures trading and margin trading for their users.
- Bybit has a simple interface with ample advanced trading features.
- They are among the fastest to add new altcoins and are capable of creating markets for newly emerging tokens.
Cons:
- They suffered a major security breach and have since lost 1.5 billion dollars due to hacking.
- Following this breach, users found their access to their assets restored with significant delays.
- Not all countries have access to the platform and users must confirm the availability for their area.
- Some features of the platform may appear to be complicated to untrained users.
8. CEX.IO
CEX.IO is one of the most highly regarded and respected platforms when it comes to Best Crypto Exchanges In Uruguay. Founded in 2013 by Oleksandr Lutskevych, it offers maker fees starting at 0.15% and taker fees at 0.25%.
CEX.IO includes spot and margin trading with over 200 supported cryptocurrencies. It offers services in over 90 countries, including Uruguay, and many languages including Spanish.
It is well-known for it’s reliability and regulatory compliance and is beginner-friendly and professional.
CEX.IO continues to gain recognition for it’s strong regulations, worldwide reputation, and wide crypto support, CEX.IO is often listed as one of the Best Crypto Exchanges In Uruguay.
Pros:
- Suitable for both new and experienced investors.
- They have extended features for margin trading with advanced reporting.
- Works seamlessly across various devices.
- The platform is simple to enhance user experience.
Cons:
- Offers fewer cryptocurrencies than many competitors.
- Fees for credit card deposits are between 3.5 to 5 percent.
- More advanced features can be difficult for novices to understand.
- Lack of regulation in certain areas.
9. WhiteBIT
Best Crypto Exchanges In Uruguay credits WhiteBIT as one of its exchanges. Founded by Volodymyr Nosov in 2018, the platform charges a transaction fee of 0.1% for both the maker and the taker.
It has more than 350 cryptocurrencies and offers features such as margin trading and staking. Available in more than 150 countries, including Uruguay, WhiteBIT offers Spanish and multilingual support.
It has a strong reputation for providing security with compliances and its emerging users appreciate the low fees, strong features, and ease of design.
Because of this, WhiteBIT has garnered a positive reputation and offers the functions many emerging withdrawal users prefer.
As such, it offers a platform for both experienced and new users making it one of the Best Crypto Exchanges in Uruguay.
Pros:
- A broad assortment of cryptocurrencies and trading pairs are available.
- Advanced trading options such as margin trading are available.
- Beginners will find it intuitive while seasoned traders will find it useful.
- 24/7 customer service is available.
Cons:
- There are no regulations in certain regions.
- Some users report slow withdrawal processing times.
- Some advanced features might be puzzles for some traders.
- There are fewer options for fiat currency deposits than some rival platforms.
10. LBank
LBank is also included in the list of Best Crypto Exchanges In Uruguay. Established in 2015 by Eric He, LBank is known for the wide variety of supported tokens, which is over 500 altcoins.
The maker and taker fee is set to 0.1%, which helps keep the price of trading low. Available in over 180 countries, including Uruguay, LBank is spoken in Spanish and has support for a world language.
LBank has earned a positive reputation for its innovative projects and entrepreneurial ventures for new tokens.
With reliable customer service, strong global presence, and competitive fees, LBank is regarded as one of the Best Crypto Exchanges In Uruguay.
Pros:
- Offers a wide range of cryptocurrencies and trading pairs.
- Provides advanced trading features, including margin trading.
- User-friendly interface suitable for both beginners and experienced traders.
- Provides 24/7 customer support.
Cons:
- Not regulated in all jurisdictions.
- Some users report occasional withdrawal delays.
- Advanced features may be complex for beginners.
- Limited fiat deposit options compared to some competitors.
Are These Exchanges legal in Uruguay?
Uruquay allows the use of cryptocurrency, but the rules and regulations are still being developed. People living in the country are still able to freely buy, sell, and hold digital assets, and the country does not have any significant restrictions on such activities.
Most of the primary exchanges serving clientele from Uruguay have developed KYC and AML protocols as part of industry compliance practices.
While providing access to a plethora of cryptocurrency, fiat on-ramps, and advanced trading features, the public in Uruguay is still able to enjoy a trading safe haven.
Conclsuion
To sum it up, many cryptocurrency exchanges are available in Uruguay, such as MXC, OKX, Kraken, Bitget, Uphold, KuCoin, Bybit, CEX.IO, Whitebit, and LBank.
These exchanges uphold safe trading, provide various cryptocurrencies, have low fees, and easy-to-use trading interfaces for novice and experienced traders alike.
Regulation, supported coins, payment types, and individual trading preferences impact a trader’s choice of exchanges.
FAQ
MEXC, OKX, Kraken, Bitget, Uphold, KuCoin, Bybit, CEX.IO, WhiteBIT, and LBank.
Some platforms support bank transfers and credit/debit cards, but UYU may not be accepted directly.
Uphold, KuCoin, and WhiteBIT offer user-friendly interfaces.
Yes, top exchanges use 2FA, cold storage, and encryption to protect funds.
Yes, exchanges like OKX, Bybit, Bitget, and Kraken offer futures and margin trading.
