Top 7 Best Crypto Exchanges to Buy Bitcoin in Cuba for 2024

By:

James Knight

James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.

Updated:  Jun 4, 2024

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Trade your favourite markets with our top-rated broker, AvaTrade.

4.3/5

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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To create this list our expert panel performs a series of tests to identify the strengths and weaknesses of the best cryptocurrency exchanges. The tests include creating an account, placing trades, and transferring money to a secure crypto wallet.

We then research the specific needs of Cuban users, such as which payment methods are available, which currencies you can deposit, and the trading fees for buying Bitcoin in Cuba, and surveyed those users to find out what they think about each service.

Each expert assigns a score, which is combined with the results of the further research to create a final ranking in order to answer the question: what are the best crypto exchanges in Cuba for Cuban users? 

Learn more about our panel and how we rate and review platforms. Or read on to find out what is the best Cuba crypto exchange.

What is the best crypto exchange Cuba in 2024?

Our expert rankings reveal that Kraken is the best cryptocurrency exchange in Cuba.

The list below shows the three best Cuba crypto exchanges that excelled in our tests, by combining low transaction fees, high security, and ease of use.

Most popular

1

Min Deposit

–

Best offer

User Score

9.6

Offers maximum flexibility for crypto trading strategies.

Responsive customer support through various channels, including live chat, email, and a comprehensive help center.

Wide range of trading options, including spot trading, margin trading, and futures contracts.

Start Trading more info

Payment Methods:

Bank Transfer, Debit Card, Credit Card, Wire Transfer, Visa, Mastercard, American Express, Apple Pay, Google Pay, Discover, Bank Transfer: SEPA

Full Regulations:

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

2

Min Deposit

–

Best offer

User Score

9.5

0% deposit fees, 0% withdrawal fees, 0% trading commissions

Set up automated trades and up to 50 limit orders with ease

Buy and sell 90+ cryptos and utility tokens, precious metals and national currencies with as little as $1

Start Trading more info

Payment Methods:

Bank Transfer, Wire Transfer, Cryptocurrencies, Apple Pay, Google Pay

Full Regulations:

FCA

Terms Apply. Cryptoassets are highly volatile. Your capital is at risk.

3

Min Deposit

–

Best offer

User Score

9.4

Trade top Cryptos such as Bitcoin

Litecoin and Ethereum plus more

Zero commissions and no bank fees on transactions

Start Trading more info

Payment Methods:

Bank Transfer, Debit Card, PayPal, neteller, Credit Card, Wire Transfer, WebMoney, Visa, Mastercard, American Express, MoneyBookers, Rapid Transfer, Discover, Bank Transfer: SEPA, Bank Transfer: FPS, skrill

Full Regulations:

ASIC, FSA, FSCA, MiFID

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Top 7 best Cuba based crypto exchanges & apps, reviewed

1. Kraken: Best for simple, global cryptocurrency trading from your phone

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0.10% – 0.26% (volume dependent)

Fees

$…

Minimum deposit

90

No. assets

Yes

Demo/virtual account

Pros & Cons

Cheap/ free deposits in EUR and cheap deposits for the USA Margin trading and Futures supported Transparency – it was the first exchange to carry out proof of reserves Low fees in comparison to other exchanges

Catered towards professional traders with large trading volumes Slow account verification in comparison to other brokers

Overview

We love Kraken because it’s a beginner-friendly crypto trading platform, one that’s designed to make it quick and convenient to buy and sell crypto on the go. The Kraken mobile app provides access to over 200 cryptocurrencies making it one of the most diverse platforms around. 

With an intuitive interface and many advanced features, the Kraken crypto app is suitable for those just starting, or experienced traders wanting to enhance their trading experience. The Kraken mobile app caters to different trading styles and preferences with spot, margin, and futures all available. 

Kraken’s mobile app also supports up to 5:1 leverage allowing you to amplify your position and potentially increase your returns. With such a wide selection of tokens available and a solid range of features and tools, the Kraken app is one of the top cryptocurrency trading platforms while on the go. 

The fees: Kraken charges a fee of between 0-0.26% on every crypto trade. There are no costs to set up an account and no flat trading fees.

Highlights

Features	Kraken summary
No. of tradable assets	200+
Min. Deposit	£10
ID verification required	Yes
Free demo account	Yes
Supported assets	Cryptocurrencies, NFTs
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	FSA, AUSTRAC, FCA, MiFID II, FinCEN, FINTRAC
View more >	Kraken >

Visit Kraken Kraken Review

2. Uphold. Best for building long term wealth

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$0.99

Fees

$…

Minimum deposit

300

No. assets

Yes

Demo/virtual account

Pros & Cons

Wide range of cryptocurrencies available Zero deposit and withdrawal fees Crypto wallets to store your coins Low minimum deposits and fast account set up

Spreads can be high for some cryptocurrencies Services vary depending on region Customer support is limited

Overview

We love Uphold because it’s a regulated and transparent digital asset platform. Uphold is an excellent platform for discovering important new tokens early, making it ideal for investors looking to get in on the ground floor of emerging cryptocurrencies. 

Uphold offers a broad selection of coins, with over 250 tokens available catering to both seasoned and novice crypto traders. The platform regularly adds new assets allowing users to invest in promising projects before they gain mainstream attention. 

Uphold isn’t just a platform for investing early. One of the main advantages of using Uphold is its transparent and competitive fee structure. The platform does not charge for deposits or withdrawals, and trading fees are clearly stated. You can also trade between different asset classes including fiat currencies. 

The fees: Crypto spreads start from 0.9% and are usually lower than 1.3% for BTC and ETH. Other cryptocurrency spreads are higher. Average spreads on fiat currency are 0.2%. There is a $0.99 fee for transactions under $100 made with the Uphold card.

Highlights

Features	summary
No. of tradable assets	250+
Min. Deposit	$1
ID verification required	Yes
Free demo account	Yes
Supported assets	Cryptocurrencies, Commodities, Currencies
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	FSA, FinCEN
View more >	>

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Terms Apply. Cryptoassets are highly volatile. Your capital is at risk.

3. AvaTrade. Best regulated broker for secure trading

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From 0.13%

Fees

$…

Minimum deposit

500

No. assets

Yes

Demo/virtual account

Pros & Cons

Trade 1000+ CFDs with competitive spreads Regulated by Tier 1 financial bodies across the world Consistently highly rated trading platform on web and mobile Offers social trading through its proprietary AvaSocial platform

Spreads are competitive without being industry-leading Some assets are only available to trade through the MetaTrader software

Overview

We love AvaTrade because it is a reliable CFD broker, that gives users access to a wide range of markets. As a CFD broker, AvaTrade lets you speculate on the price movements of various crypto markets without owning the underlying assets. AvaTrade is a multi asset brokerage firm and includes CFDs on many of the biggest cryptos including Bitcoin, Ethereum, Dogecoin, and more. 

AvaTrade is also highly regarded for its strong regulatory framework and commitment to security. AvaTrade is regulated in multiple jurisdictions, including Europe, Australia, Japan, South Africa, and the British Virgin Islands, which means it must adhere to stringent regulatory standards across the world. 

AvaTrade isn’t just well regulated, it also employs advanced security measures to protect client funds and personal information, including segregated accounts and robust encryption technology. 

The fees: There is no commission on any trading. AvaTrade makes money from the Bid/Ask spread instead. Crypto spreads start from 0.13%. Positions left overnight are charged a swap fee that varies depending on size. An inactivity fee of £/€/$50 per month is applicable if you don’t log in to your account for three consecutive months.

Highlights

Features	AvaTrade summary
No. of tradable assets	1250+
Min. Deposit	$100
ID verification required	Yes
Free demo account	Yes
Supported assets	Stocks, Stock CFDs, ETF CFDs, Forex CFDs, Crypto CFDs, Commodity CFDs, Index CFDs
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	FSCA, FSA, ASIC, CBI, MiFID, CySEC, BVIFSC, FRSA
View more >	AvaTrade >

Visit AvaTrade AvaTrade Review

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

4. KuCoin. Best social trading altcoin exchange

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…

Fees

$…

Minimum deposit

1

No. assets

No

Demo/virtual account

Pros & Cons

Anonymous trading with up to 2 BTC withdrawals/24 hours Wide variety of cryptocurrencies No deposit fees

Low trading volumes not suitable for big traders Doesn’t support U.S. customers You might experience delays and lags during high-traffic times.

Overview

We love KuCoin because it’s a great place for beginners to trade more than 700 altcoins. Kucoin offers a vast range of cryptocurrencies including all the big names like Bitcoin and Ethereum, together with hundreds of altcoins and newly released tokens. 

The exchange gives you multiple ways to trade and invest in crypto, including spot trading, futures trading, margin trading, and staking. This choice allows you to choose the method that best suits your trading strategies and risk tolerance. 

Kucoin is a top platform for both beginners and experienced traders. Its intuitive interface is easy to get to grips with and its advanced trading features mean even high volume traders can make use of it. Kucoin also offers an earn feature, where you can generate passive income through staking and lending, making it one of the best all round crypto exchanges. 

The fees: Trading fees are charged on a sliding scale. Fees are 0.1% on trading volumes below 50 BTC in a 30 day period. Discounts are available if you pay fees in KCS or store more than 1000 KCS in your account.

Highlights

Features	KuCoin summary
No. of tradable assets
Min. Deposit
ID verification required	No
Free demo account	No
Supported assets
Mobile trading app	No
Web trading platform	No
Regulatory bodies
View more >	KuCoin >

Visit KuCoin KuCoin Review

5. Bybit: Best crypto exchange for derivatives & margin trading

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0.1000%

Fees

$…

Minimum deposit

300

No. assets

Yes

Demo/virtual account

Pros & Cons

A large range of cryptocurrencies available to trade Widely regarded as one of the safest crypto exchanges Perpetual and futures contracts available Lots of aditional tools and features

Not available in all regions Some aspects are not beginner friendly

Overview

We love Bybit because it offers a range of advanced trading tools and competitive rates on crypto derivatives. It’s a rapidly growing crypto exchange, perfect for experienced traders looking for leveraged trading opportunities.

Boasting a wide range of crypto products, from buying and selling to staking and borrowing, Bybit is at the forefront of the next generation of crypto services, shaking up the traditional financial system and offering different ways to put your crypto to good use.

Bybit is primarily designed for more advanced traders, with integrated charts from TradingView that allow for extensive technical analysis across 100+ indicators. It’s highly secure, too, with regulatory approval in Europe and the Middle East, and it offers a comprehensive service to users around the world (except the US).

The fees: Fees are charged through a maker and taker system, so that there are cheaper fees to those who provide liquidity. ByBit’s fees start from 0.020% for makers and 0.055% for takers, which are highly competitive and match them up to any of the big players in the exchange game.

Highlights

Features	Bybit summary
No. of tradable assets	1,300 +
Min. Deposit	$10
ID verification required	Yes
Free demo account	Yes
Supported assets	Cryptocurrencies, NFTs
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	ACRA, AUSTRAC, FCA
View more >	Bybit >

Visit Bybit Bybit Review

6. FP Markets. Best for low spread & 0-pip trading

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…

Fees

$…

Minimum deposit

60

No. assets

No

Demo/virtual account

Pros & Cons

Trade 10,000+ CFDs across multiple asset classes Highly regulated and reliable platform Copy and social trading features

Not available in the US, Japan & New Zealand IRESS platform is expensive

Overview

We love FP Markets because it uses cutting-edge technology to ensure all crypto trades are executed at lightning fast speed. It’s an award-winning broker and offers 11 CFDs on digital assets, including Bitcoin, Ethereum, and Dogecoin. All of its crypto CFDs are traded against the USD. 

FP Markets has zero restrictions and allows all trading styles, including scalping and running expert advisors. It integrates with the popular MetaTrader 4 platform and has its own technology-driven charting package. For beginners, FP Markets offers a free copy trading service where you can mirror profitable users’ trades directly in your own account. 

The fees:  FP Market makes its money from the Bid/Ask spread and charges zero commissions for any crypto CFD trades. Its spreads are variable however the average for BTC/USD is 10.1089.

Highlights

Features	summary
No. of tradable assets
Min. Deposit
ID verification required	No
Free demo account	No
Supported assets
Mobile trading app	No
Web trading platform	No
Regulatory bodies
View more >	>

Visit Review

CFDs are derivatives and can be risky; losses can exceed your initial payment and you must be able to meet all margin calls as soon as they are made. When trading CFDs you do not own or have any rights to the CFDs underlying assets.

7. Nexo. Best for earning interest & rewards

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…

Fees

$…

Minimum deposit

…

No. assets

No

Demo/virtual account

Pros & Cons

Offers excellent rates of interest on crypto and fiat savings Nexo debit card makes it easy to access and spend your funds Access crypto loans and collateral Equipped with top quality security infrastructure and insured

No anonymous option, your identity must be verified to place buy and sell orders Margins calls if the value of your collateral drops between a certain level

Overview

We love Nexo because you earn rewards every time you make a purchase. You can trade 60+ cryptocurrencies and earn rewards of up to 0.5% on every transaction, then store your coins on Nexo to build your wealth through passive interest payments.

You can trade on the go from a mobile app and Nexo is designed for simplicity. Every trade is locked in at the rate you see on your screen, so you won’t suffer from price slippage, and it has the added bonus that any crypto held in your account automatically starts to earn interest. 

The fees: Nexo charges a 2% spread on buy and sell transactions. There are no fees for storing coins in your Nexo account. Depending on your loyalty tier, you receive a fixed number of free withdrawals, and any additional withdrawals will be charged a network fee. 

Highlights

Features	Nexo summary
No. of tradable assets
Min. Deposit
ID verification required	No
Free demo account	No
Supported assets
Mobile trading app	No
Web trading platform	No
Regulatory bodies
View more >	Nexo >

Visit Nexo Nexo Review

What do I need to buy Bitcoin in Cuba?

As long as you have a phone or an internet connection you can invest in Bitcoins in Cuba. However, to make your experience as quick and seamless as possible, these are the things you need to get started.

• A crypto exchange account. Choose a crypto exchange and set up an account in advance. Then you’re primed to invest in Bitcoin when the price reaches a level you’re happy with.
• A way to pay. Many people in Cuba buy Bitcoin with a bank account or card payment. You can also buy crypto with PayPal or another e-wallet. Make sure you have the details of the account you want to use, whether that’s your credit card, PayPal, or a different service.
• Copy of your photo ID. You usually have to provide ID when you’re buying Bitcoin in Cuba. Cuban crypto brokers ask for ID verification in order to comply with KYC (Know Your Customer) regulations, which are in place to prevent fraud. 
• A personal crypto wallet (optional). Once you’ve purchased your Bitcoin, you can choose to either leave it on the exchange or move it to a personal crypto wallet for extra security. To save time, set up a wallet on a popular wallet like MetaMask in advance.

It is possible to buy cryptocurrency in Cuba without providing ID through a P2P exchange, but these are a bit less secure and more challenging to use, so we suggest only experienced crypto investors go down this path. Most people, on most exchanges, need to provide some form of ID.

How to buy crypto on the best Bitcoin broker in Cuba

Follow this short guide to learn how to buy Bitcoin in Cuba. This method is simple, and is the same process whether you want to buy and sell Bitcoin, or whether you prefer to trade crypto instead. 

What is the best Bitcoin wallet in Cuba?

Wallets are private and unregulated, so they are available everywhere, to everyone, rather than being restricted according to where you live. MetaMask and Trust Wallet are a couple of the best crypto wallets and they are available all over the world. 

However, there’s a trend towards crypto services operating as all-in-one platforms, where you can use one account that acts as both your exchange and wallet. The best option for most beginners is to sign up for a service like Binance or OKX, where you can buy crypto on the exchange and then store it on the same platform.

How to choose the best Cuba crypto app

Choosing where to buy Bitcoin in Cuba is important, and the right Cuban crypto platform can save you a lot of time, stress, and money. Things like the exchange fees, storage facilities, and range of altcoins available should all impact your choice.

Here’s some advice on how to find the best way to buy crypto in Cuba.

1. How much does the exchange charge to trade?

There can be a big difference in the trading fees charged by each Cuba based crypto exchange. While all exchanges generally offer low cost cryptocurrency trading, what they charge may vary widely. Taking the time to compare them can save you money. Below is a summary of the different types of fees crypto exchanges in Cuba charge.

Trading fees are usually charged as a percentage of the trade. The best crypto exchange in Cuba with low fees will charge 1% or less of the trade amount. Some services charge a lot higher. Here’s a look at the specific trading fees each of the top Cuban crypto trading platforms charge.

You may also have to pay deposit and withdrawal fees. You rarely have to pay for depositing fiat currency via a bank account or credit or debit card, but you may be charged a flat withdrawal fee. There’s often a significant charge for withdrawals made in digital currency.

2. How does the exchange store customer funds?

Crypto exchanges are available widely, but the important question is whether they are regulated in Cuba. The Central Bank of Cuba (BCC) is the financial body that decides whether crypto exchanges in Cuba have a license to operate, and decides what type of crypto assets are permitted in Cuba.

It’s the regulation that provides protection in the event that something happens to the exchange and you lose the money you hold on there. Crypto regulation varies around the world, and in many cases crypto platforms are based outside of Cuba and licensed to operate internationally by their local regulator. Here are the top Cuban crypto exchanges and the financial bodies that regulate them around the world.

In addition to the regulation, you want to pick a reputable exchange that stores its customers’ funds safely. The best Bitcoin exchanges in Cuba should store your funds in segregated accounts and, ideally, in cold storage (offline). Choosing a Cuba crypto exchange that has been audited by a reputable accountancy firm can give you extra peace of mind.

3. Is the platform easy to use?

A good user experience means more than being able to navigate around the website with ease. Think about how you plan to trade: are you going to trade from your phone? How are you going to manage your crypto portfolio? Are you after particular analysis tools, charts, or software integrations?

For new users, the focus should be on educational tools, like a demo account, trading tutorials, and walkthrough guides. Here’s a comparison of the resources available from each top Cuban exchange.

For more advanced crypto investors, your focus might be on the additional trading tools on offer. These tools can be things like adjustable charts that you can use to track specific technical indicators or identify patterns, or it might be more analysis based, making it easier to assess the state of the crypto market as a whole.

Armed with that information you can start to narrow down your shortlist by considering if the exchange suits you. For instance, if you plan to do a lot of trading on the go, then you should focus on the platform that offers the best crypto app in Cuba.

4. What is the account verification process?

When you create an account, you’ll often be asked to supply some personal details and a form of ID to verify your identity. It’s normally a prerequisite for any crypto exchange to be regulated in Cuba.

It’s a good idea to check what the verification process is before you sign up. That way, you can have the relevant documents to hand to create a seamless sign up process. Or, if you want to avoid supplying personal details, you can filter out the crypto exchanges in Cuba that demand verification in order to use them.

5. How many cryptocurrencies are available?

You can buy Bitcoin in Cuba through any cryptocurrency exchange, but beyond that the number of available coins can vary. If you want to trade altcoins, look for a Cuba crypto exchange that offers a large number of coins and ‘crosses’, where you can swap from one crypto to another. 

6. Which currencies can you deposit?

For most people, a crypto exchange in Cuba is a means to transfer local fiat currencies into cryptocurrency. However, lots of crypto exchanges in Cuba only accept US dollar deposits, which can be an issue if that is not your primary currency.

If you don’t have access to US Dollars, then it might be best to choose a large exchange like Binance or a local exchange that’s specifically designed for crypto traders in Cuba. 

7. Which payment methods are accepted?

Decide how you want to pay for your crypto. If you want to fund an account with the best Cuba crypto exchange using bank transfers or debit card payments, then most Cuban crypto exchanges accept deposits from bank accounts and you don’t need to worry.

A cryptocurrency exchange in Cuba is less likely to accept alternative payment methods, like PayPal and other e-wallet services. The larger ones, such as Binance, do accept a wide variety of payment methods, but it’s still a good idea to check whether you can pay how you want before signing up.

8. Does it offer additional features, like staking or lending?

Think about what you might want to use the exchange for and use that to influence your decision. Do you want to store or stake your coins? Lend them to earn interest, or borrow crypto yourself?

You can buy crypto in Cuba through any Cuba based crypto exchange that’s regulated, but not all platforms offer all these services. You may be happy to juggle multiple logins and use different exchanges, but it’s normally easier to use one service, at least to start with.

9. What’s the customer service like?

One final point to consider is how the exchange deals with its customers and how well it responds to any queries you may have. One way to judge this is by assessing how easy it is to contact them. An extensive help centre or FAQ section is useful, but you should also consider whether there’s a live chat feature or another convenient way to speak to customer support, such as WhatsApp or Telegram.

Another way to judge how well an exchange treats its customers is to read what those customers have to say about them. There are many third-party review platforms where regular users can rate the service. Use their feedback to help you judge whether a Cuban crypto exchange is for you.

What type of Cuban crypto exchanges are there?

Most crypto investors use a centralised, global exchange, like Binance or Coinbase. But cryptocurrency exchanges in Cuba come in different forms. Here is a breakdown of the most common types:

• Centralised. In a centralised exchange, there is an authority – in this case a company – that operates the service. You create an account and deposit money, and the funds are held by the entity in the middle. When you make trades, they go through the central authority. The biggest crypto exchange, Binance, is an example of this type of platform.
• Decentralised. On decentralised exchanges there is no central authority. Instead, buyers and sellers deal with each other directly, and the crypto trading platforms are just the mechanism for connecting them. You can’t create an account, the crypto is sent from one wallet to another when a transaction takes place
• Peer-to-peer (P2P). A peer-to-peer exchange operates like a decentralised exchange, but there’s still a central body that acts as the intermediary. Each side in a transaction makes the payment, and the central body releases the funds as soon as both sides have sent money.

Can I buy traditional financial assets on a crypto exchange in Cuba?

On some platforms you can, but a better option is to sign up for a dedicated service that offers the specific assets you want to trade. The best trading platforms in Cuba allow you to buy and sell stocks, while the best forex brokers in Cuba is best for currency trading. The best forex brokers in Cuba offer a mixture of all these assets.

Which crypto exchange in Cuba has the best user reviews?

We surveyed our Cuban users to find out which crypto exchange provided the best service to everyday people, just like you. Below we’ve summarised their findings, with each exchange ranked out of five.

To summarise

To invest in cryptocurrency in Cuba, whether that’s Bitcoin, Ethereum, or something else, you need to sign up to a crypto exchange or app. Preferably one that’s regulated in Cuba by the Central Bank of Cuba (BCC), so that your funds are protected online.

This guide explains how to buy cryptocurrency in Cuba using a top crypto exchange in a simple, straightforward way. You can invest in Bitcoin as a means to find a long term store of value or short term speculation. Consider which approach you want to take when choosing the best app to purchase Bitcoin in Cuba, then choose a low-cost, intuitive platform to start your crypto journey.

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