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- 1. Compare 7 best crypto exchanges in Mali to buy crypto 2023
- 2. What is the best crypto exchange Mali?
- 3. The 7 best crypto trading apps in Mali, reviewed
- 4. How to choose the best Mali crypto exchange
- 5. What type of Malian crypto exchanges are there?
- 6. How to buy Bitcoin & crypto in Mali
- 7. What is the best crypto wallet in Mali?
- 8. FAQs
Compare 7 best crypto exchanges in Mali to buy crypto 2023
To create this list our expert panel performs a series of tests to identify the strengths and weaknesses of the 50+ 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 Malian users, such as which payment methods are available, which currencies you can deposit, and the trading fees in Mali.
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 Mali for Malian users?
Learn more about our panel and how we rate and review platforms. Or read on to find out what is the best Mali crypto exchange.
What is the best crypto exchange Mali?
Our expert rankings reveal that Exness is the best cryptocurrency exchange in Mali.
The list below shows the three best Mali crypto exchanges that excelled in our tests, by combining low transaction fees, high security, and ease of use.
The 7 best crypto trading apps in Mali, reviewed
1. Exness. Best for tight spreads and a pro-style trading experience.
Pros & Cons
We love Exness because it offers tight spread trading and a bespoke trading experience. Exness offers 35+ cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.
Exness offers a great range of pro-style trading tools and a variety of account types to suit all experience levels. Beginners can take advantage of a free demo account or micro-lots for low minimum trades, while more experienced traders can use the Exness terminal or plug it into the MetaTrader software and trade from there.
The fees: Standard accounts aren’t charged a commission but are charged through the spread. Spreads start from 7 pips on cryptocurrencies but may be considerably higher. Overnight fees apply on some assets (exc. swap-free accounts).
2. Binance. Best crypto platform for trading altcoins
Pros & Cons
We love Binance because it’s the largest crypto platform in the world. More than 30 million people use Binance to trade 350+ cryptocurrencies. Binance also offers a range of other services, such as staking, crypto loans, and derivatives markets such as futures and options.
The Binance app is designed to appeal to everyone, regardless of your experience. The ‘Lite’ version slims everything down to the basics, while the regular app is one of the most advanced crypto trading platforms out there.
The fees: There are no fees for trading Bitcoin. All other cryptocurrency spot trades come with a 0.1% fee. If you own Binance coin (BNB), you receive a 25% discount on all trading fees. Binance does not charge deposit fees but withdrawal fees are variable depending on the crypto.
3. Bitstamp. Best for professionals & trading with APIs
Pros & Cons
We love Bitstamp because it has a proud reputation for top performance over more than decade. Bitstamp offers trading on 75+ cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, while staking is available on Ethereum and Algorand.
Bitstamp was one of the first crypto platforms to set up shop in 2011 and has built up trust since. It’s designed with institutional traders in mind, so it prides itself on near 100% uptime. It stores 95% of assets in cold storage and offers a sliding scale of fees so that high volume traders get the best rates.
The fees: There are no trading fees if you trade less than $1,000 in a rolling 30-day period. Above that, fees start from 0.4% and decline the higher your trading volume is. There is a 15% charge for staking. Withdrawals are charged a flat €3 fee.
4. Skilling. Best app for mobile trading
Pros & Cons
We love Skilling because it’s a beginner-friendly platform that makes commodity trading accessible to everyone. You can trade 55 cryptocurrencies on Skilling and the system is very portable, so you can access it from the app or on your desktop.
One of Skilling’s best features is its compatibility with TradingView, so you can chart trading ideas and then send them directly to your trading account. It also boasts plenty of other user-friendly software to make it easy to trade from your phone or your browser, including its proprietary Skilling Trader and the cTrader platform for professionals.
The fees: Skilling charges a maker and taker fee on all cryptocurrency trades of 0.1% for each.
5. OKX. Best for futures and margin trading
Pros & Cons
We love OKX because it’s an adaptable and flexible exchange, with an app that’s available in three different versions depending on how you trade. Choose from the beginner-friendly Lite version, Web3 option for NFT traders, or the Pro version for a plethora of trading tools.
From an app or desktop you can trade 350+ crypto coins on one of the world’s top crypto exchanges. You can fund your account easily, through a variety of simple payment methods, and a sliding scale of fees that means you can access discounts by holding the OKB token or trading high volumes.
The fees: Regular users pay a 0.1% fee on spot crypto trades. OKB crypto holders are entitled to a discount, up to 0.02% off for holding more than 2,000 coins. High volume traders are also entitled to a discount, with the cheapest fees available for traders with a 30 day trading volume above $10,000,000,000.
6. Coinbase. Best secure trading platform for all types of trader
Pros & Cons
We love Coinbase because it’s the leading public crypto platform. Coinbase offers more than 170 cryptocurrencies to trade, a secure wallet to store your coins in, and automatic staking rewards on 10+ cryptos through Coinbase Earn.
A public company brings transparency and renown, so you can trust that any money on Coinbase is safe and you’re sharing the platform with over 100 million other users. There is insurance on all cash balances up to $250,000 and the majority of assets are stored offline in cold storage.
The fees: Trading fees start from 0.6% but reduce the higher your trading volume. Bank transfer deposits and withdrawals are free, other payment methods may be charged. There is no fee for wallet-to-wallet crypto transactions but you will have to pay blockchain fees. Coinbase charges a 25% fee for its staking services.
7. Nexo. Best for earning interest & rewards
Pros & Cons
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.
How to choose the best Mali crypto exchange
With so many options out there, you should take care over picking the right Malian crypto platform for you. Things like the exchange fees, storage facilities, and range of coins available should all impact your choice.
To help you make the right decision, here are some questions to ask yourself as you research each cryptocurrency exchange.
1. How much does the exchange charge to trade?
There can be a big difference in the trading fees charged by each Mali 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.
Trading fees are usually charged as a percentage of the trade. The best crypto exchange in Mali with low fees will charge 1% or less of the trade amount. Some services charge a lot higher.
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 Mali. 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.
You want to pick a reputable exchange that stores its customers’ funds safely. The best Bitcoin exchanges in Mali should store your funds in segregated accounts and, ideally, in cold storage (offline). Choosing a Mali 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?
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 Mali.
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 Mali.
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 Mali that demand verification in order to use them.
5. How many cryptocurrencies are available?
You can buy Bitcoin in Mali through any cryptocurrency exchange, but beyond that the number of available coins can vary. If you want to trade altcoins, look for a Mali 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 Mali is a means to transfer local fiat currencies into cryptocurrency. However, lots of crypto exchanges in Mali 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 Mali.
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 Mali crypto exchange using bank transfers or debit card payments, then most Malian crypto exchanges accept deposits from bank accounts and you don’t need to worry.
A cryptocurrency exchange in Mali 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 Mali through any Mali 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.
What type of Malian crypto exchanges are there?
Most crypto investors use a centralised, global exchange, like Binance or Coinbase. But cryptocurrency exchanges in Mali 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.
How to buy Bitcoin & crypto in Mali
Follow this short guide to learn how to buy Bitcoin in Mali. 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.
Step 1. Sign up to Exness
We recommend Exness as the best crypto exchange in Mali for Malian users.
Step 2. Create an account
You need to supply some personal contact details, such as your name and email address, in order to set up an account. Many Malian crypto exchanges require a form of photo ID as verification before you can use your account to buy cryptocurrency in Mali.
Step 3. Deposit funds in your chosen currency
Go to the bank or deposit section of your crypto trading platform account. Here, you can enter the amount you wish to deposit, choose your preferred payment method, such as a bank account, credit or debit cards, and transfer the money you want to use to buy crypto onto the exchange.
Step 4. Search your favourite crypto
You purchase Bitcoin and other cryptocurrencies by first typing the coin name or symbol into the search box. For example, to buy Bitcoin online, search for the symbol, BTC. Then you enter the details of the trade.
Step 5. Buy cryptocurrency in Mali
Finally, to buy Bitcoin or any other crypto asset, hit the ‘buy’ or ‘trade’ button. Fill in how much cryptocurrency you want to buy, and execute the trade.
Step 6. Transfer your cryptocurrency to a crypto wallet (optional)
Your crypto assets will show up in your exchange wallet once the trade goes through. You can leave them there, or you can move them to a dedicated crypto wallet.
With a wallet, you have more control over your money, but it’s a bit more inconvenient if you plan on trading regularly. You can learn more about how to find the best Bitcoin wallet in Mali below.
What is the best crypto wallet in Mali?
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, so that 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 Bitstamp , where you can buy crypto on the exchange and then store it on the same platform.
Exness is the best crypto exchange in Mali. It offers low fees, top tier security, and a large range of crypto coins to choose from.
We recommend Exness as the best crypto exchange in Mali for beginners. It has a user-friendly interface, low costs, and lots of helpful educational material that explains how to buy and sell Bitcoin.
Exness is the best crypto exchange in Mali with low fees. It offers a great user experience at a competitive price and won’t bite you with any unexpected hidden fees.
Our experts rate Exness as the safest Mali crypto exchange. It offers secure and transparent storage of customer funds to give you peace of mind when you buy Bitcoin in Mali.
Yes, buying Bitcoin is legal in Mali. You can safely buy and sell cryptocurrency using a Malian crypto exchange. However, many cryptocurrency exchanges aren’t regulated in Mali, as the legislation has yet to catch up with the reality of the crypto market.
In addition, there can be limitations on how you fund your purchase. Some banks, for instance, restrict spending on crypto purchases or deposits to Malian crypto exchanges.
Crypto exchanges in Mali will prevent you from creating an account and buying and selling tokens if you try to access it from a jurisdiction which has limited access to digital assets by law.
Yes, you can buy crypto in Mali, although there may be some restrictions on how you can do so.
The most common way is to sign up for a Mali based crypto exchange and deposit some money, then you can buy Bitcoin and other cryptocurrencies at your leisure.
MetaMask is the best Malian crypto wallet. Many crypto investors use MetaMask, as it’s free and easy to set up. You can add it as a browser extension and manage your coins from there.
More of the best crypto exchanges by country
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