A List of the Best Cryptocurrency Exchanges in Cambodia in 2024
Purchasing Bitcoin in Phnom Penh, Cambodia
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1. You can buy Bitcoin through local cryptocurrency exchanges in Cambodia. There are some well-known exchanges where you can register an account on their websites, complete identity verification, and add funds. Once your account is set up, you can use the local currency to purchase Bitcoin.
2. You can also use peer-to-peer trading platforms that allow you to trade Bitcoin directly with others without going through an exchange. You can find sellers on social media, forums, or dedicated trading platforms and engage in transactions. Before any transaction, ensure thorough communication with the seller for safety and reliability.
3. If you have friends or acquaintances in Phnom Penh, Cambodia, you can also buy Bitcoin through their help. They may know reliable local sellers and can provide guidance. Regardless of the method you choose, safeguard your funds and personal information to avoid risks of fraud and deception.
Recommended global exchange: OKX – Click the button below to register and enjoy fee discounts.
How to Buy Bitcoin in Cambodia?
Register on OKX and verify your account
Navigate to the OKX website, then buy Bitcoin with just one click through OKX Quick Trade as shown in the image below.
Enter the amount you want to purchase and select Bitcoin, then click buy now to proceed to the order confirmation page.
Confirm your order
After confirming the details, click the Buy Bitcoin button to proceed to the order payment page.
Payment of orders
Based on the image above, follow the payment method indicated to pay the seller. Once paid, click I have successfully paid to await the seller's release of coins. For any queries, contact platform customer service.
Top Cryptocurrency Exchanges in Cambodia 2024
1. Bitget
Favored in Cambodia for its no KYC policy, Bitget allows traders to start trading without extensive identity verification. This feature is particularly attractive to those valuing privacy and quick transactions. Bitget focuses on derivative trading, offering a range of futures contracts for cryptocurrencies like Bitcoin and Ethereum and providing leverage options for potentially higher returns. The exchange employs multiple protective measures, including insurance funds to cover losses from system flaws or vulnerabilities. It also offers a mobile app for traders to manage portfolios and execute trades conveniently from anywhere.
Minimum deposit: Initial deposit of 300 Thai Baht.
Supported assets: 500 cryptocurrencies.
Regulation: Not restricted by Cambodian regulatory KYC requirements.
Fees: Trading fees 1%, potentially with negative rates for high monthly trading volumes. Deposit fees range from 1%-4%, depending on the payment method.
2. Bybit
Highly praised in Cambodia, Bybit features a simple and intuitive interface available in multiple languages, including Khmer. Specializing in derivative trading, the platform allows up to 25x leverage trading on over 1000 cryptocurrencies. Bybit offers perpetual and futures contracts that provide traders with flexible trading strategies. In addition to trading services, it offers features like tracking, crypto loans, NFT markets, crypto debit cards, and copy trading. Low trading fees and a seamless withdrawal process make it a comprehensive platform meeting diverse needs in the Cambodian trading community.
Minimum deposit: 20,000 Korean Won (initial deposit).
Supported assets: 1000 cryptocurrencies.
Regulation: Registered in Cambodia.
Fees: Spot trading fee 0.1%, maker fee 0.01%, futures market maker fee 0.06%. Deposits and withdrawals using KHR are entirely free.
3. Binance
Known for its user-friendly interface and rich educational resources, Binance is the top choice for beginners in Cambodia. Supporting over 350 cryptocurrencies, from popular ones like Bitcoin and Ethereum to lesser-known altcoins, Binance Academy provides tutorials and FAQs to help new traders grasp the basics of cryptocurrency trading. For novices, the platform offers spot trading as a direct way to buy and sell cryptocurrencies. It also provides a simulated trading option, allowing beginners to practice trading without risking real funds. With low trading fees and a mobile app for on-the-go trading, Binance helps beginners become confident traders easily.
Minimum deposit: Initial deposit of 200,000 Korean Won.
Supported assets: 350 cryptocurrencies.
Regulation: Registered in Cambodia.
Fees: Spot market 0.1% trading fee, futures market 0.02% maker fee, and 0.06% taker fee. Deposit and withdrawal fees depend on the chosen method.
4. Gate.io
Renowned in Cambodia for its wide selection of cryptocurrencies, Gate.io offers over 1700 different digital assets. This extensive choice allows traders to diversify portfolios and explore various investment opportunities. The platform supports various trading options, including spot trading, futures trading, and margin trading, catering to traders with different levels of experience and risk tolerance. Security is a top priority, with the adoption of leading protocols like SSL encryption and cold storage for digital assets. Gate.io also provides a mobile app with real-time market updates and notifications, enabling traders to stay informed and make timely decisions.
Minimum deposit: Initial deposit of 50,000 Korean Won.
Supported assets: 350 cryptocurrencies.
Regulation: Holds Cambodian Digital Asset Operator License.
Fees: Spot market 0.1% trading fee, futures market 0.02% maker fee, and 0.06% taker fee. Deposit and withdrawal fees vary based on the chosen method.
5. BYDFi
The preferred exchange for buying Bitcoin in Cambodia is BYDFi. Well-known for its focus on digital currency trading, BYDFi offers a simple, secure, and convenient Bitcoin purchasing service. You can buy Bitcoin by registering a BYDFi account, completing identity verification, and choosing a local payment method in Cambodia. With rich trading experience and a good reputation, BYDFi provides a reliable trading environment and quality customer service. Before buying Bitcoin, ensure you understand relevant legal regulations and risk warnings, and invest cautiously.
Tips for buying Bitcoin in Cambodia and ensuring safety:
When purchasing Bitcoin in Cambodia, ensuring the transaction's security is crucial.
1. Use a strong password to protect your Bitcoin wallet, including uppercase and lowercase letters, numbers, and special characters. Avoid using the same password as other websites or platforms.
2. Regularly back up your wallet and store backup files in a secure location, such as offline storage media or encrypted cloud storage.
3. Ensure transactions are conducted only on secure websites and applications, avoiding clicking on suspicious links or downloading unknown software. Lastly, regularly check your Bitcoin wallet and transaction records to ensure no unauthorized activities or transactions.
Safety measures for withdrawing funds in Cambodia:
When withdrawing funds in Cambodia, you have several options to choose from. Funds can be transferred through banks offering international remittance services, allowing recipients to receive funds at any bank in the receiving country. Alternatively, third-party payment platforms such as PayPal, Skrill, and Neteller support multiple currencies with low fees, saving considerable time. Moreover, currency exchange services in Cambodia like Western Union and MoneyGram facilitate transferring funds from Cambodia to various parts of the world within minutes. Lastly, Bitcoin remittances can be used for quick, secure transfers with low fees and without restrictions based on national currencies.
In conclusion, Cambodia offers various methods for fund withdrawal. Regardless of the chosen method, ensure the safety of your funds to avoid scams and fraud.
