Best Crypto Exchanges in Bahrain

Believe me, I was as surprised as you are now when I first heard of the country Bahrain. However, the good thing is that I never allowed my surprise to stop my research and findings. Hopefully, I pray you don’t as well. Chuckles. In this post, we will walk you through the thriving and most recognised Exchanges in operation in the beautiful city of Bahrain.

About Bahrain

Bahrain is one of the “not-so” popular Middle Eastern countries, located around the Persian Gulf. As expected, it is an island country positioned east of Saudi Arabia and west of Qatar. Its low popularity, however, does not deter Bahrain from being one of the advocates of Blockchain technology around the globe. Here is why.

Bahrain’s Cryptocurrency Initiative

Bahrain’s cryptocurrency initiative is carefully planned long term, with the country’s blockchain ecosystem fully supported by solid crypto regulations, licensed providers, proven payment infrastructures, blockchain partnerships, and Proper Positioning/Growth. Bahrain looks to dominate the entire Mediterranean Gulf in the race for the most recognised blockchain experts.

Ranking the 8 Best Crypto Exchanges in Bahrain

Crypto exchanges are platforms that allow crypto traders and investors to perform certain crypto-related tasks like buying, selling, swapping and staking. These exchanges differ from place to place, with some exceptions. In this post, we will look at the best-ranked exchange platforms you need to know if you are a regional crypto trader or investor. I bet you’ve never heard of or taken notice of anything like what we are going to be exposing in this post. There is a whole lot packed for you; don’t skip this section.

Rain

In terms of ranking, Rain as an exchange platform sits top of the list for so many reasons. One of the many reasons is that it was solely built for Bahrainians — Rain is Homegrown. Furthermore, Rain is licensed by the governing financial body operating in Bahrain, the Central Bank of Bahrain (CBB). Regional traders in Bahrain can enjoy low trading charges and transaction fees, lightning-fast BHD deposits/withdrawals.

It is worth noting that Bahrain is fully Sharia law and regulations compliant. The exchange platform has a 24/7 customer support, an easy-to-navigate UI interface and supports a wide range of digital assets.

CoinMENA

This exchange platform is similar to Rain in many ways, especially within the context of the Bahrain ecosystem. CoinMENA is also licensed by the Central Bank of Bahrain (CBB). CoinMENA supports a wide variety of digital assets and is generally accepted across the neighboring Islamic nations as being Sharia-compliant.

Binance Bahrain

Binance Bahrain is a fully registered and regulated crypto exchange currently operational in Bahrain. It is licensed by the CBB, operates at a very low transaction fee, has the largest liquidity pool, and lastly, it offers a full product package (spot trading, futures trading, staking, P2P, Binance Pay, etc).

As a regional trader or investor, your one-time search for an exchange platform with deep liquidity, a 400+ digital asset holding platform with advanced trading features at moderate fees within the shores of Bahrain has to undoubtedly be Bahrain Binance.

BitOasis

BitOasis happens to be one of the newest crypto exchanges licensed by the Central Bank of Bahrain (CBB). Despite being bed to the system, BitOasis is backed by several other top holding platforms like CoinDCX and other platforms. The platform has over 60+ assets under its hold. The BitOasis exchange focuses on fiat currencies and broader Crypto access because of its competitive nature.

OKX

Although not Bahrain-based or licensed by the CBB, OKX still stands as one of the best exchange platforms used by Bahrain crypto traders, as it is licensed under Dubai’s VARA, which makes it open to traders from countries within the Mediterranean Gulf.

OKX allows for certain derivatives, staking, and support for over 350 coins and 500 trading pairs, as well as taking the DeFi integration to a new height via OKX Wallet.

Kraken

Just like OKX, Kraken is not CBB licensed or Bahrain grown and nurtured like the first few exchanges discussed. Kraken is fully backed by the active participation it gathers from neighboring nations within the Mediterranean Gulf, and the license it has in Abu Dhabi. Kraken is popularly known to foster industry-grade security, margin/futures trading, staking, and, of course, is in active support of Fiat.

eToro

eToro is a global multi-asset platform with investments in crypto and stocks. It is not fully licensed by the CBB, but it is available to Bahraini users via ADGM licensing. It supports over 3,000–4,500 asset types, demo account setups, copy-trading, and fiat deposits.

Bybit

Bybit might be so popular in other regions, but not so in Bahrain. It is not licensed by the CBB, but crypto traders and investors can still access it via the UAE. Transaction fees on Bybit are pretty low.

Conclusion

Global platforms like Kraken, OKX, Crypto.com, eToro, etc, all serve Bahrain Crypto residents through their UAE licensing, while other home-grown exchanges like Bahrain Binance, Rain, and CoinMENA are licensed within. However, all the platforms discussed offer a bunch of services with massive digital assets within their coverage and so many other advanced features.

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