Home » Buying » How To Buy Bitcoin in Morocco?
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Petar Jovanović October 31, 2023
Finding the best bitcoin wallet in Morocco can be a daunting task, especially with the plethora of options available. Whether you’re looking for the best crypto wallet in Morocco, a bitcoin wallet for Morocco, or simply wondering which bitcoin wallet is available in Morocco, we’ve got you covered. In this article, we’ll explore the top options for securing your digital assets and ensuring that you have access to the best features and security measures available.a
Despite the nationwide ban on cryptocurrencies in Morocco since 2017, the possession of cryptocurrencies has been steadily increasing, with over 3.1% of the total population owning some form of cryptocurrency. In December 2022, Morocco’s central bank announced that it had drafted a crypto law that aims to shield people from the risks associated with cryptocurrency trading. The bill has been written and will be discussed with industry stakeholders, including regulators such as the Moroccan Capital Markets Authority, the Insurance Supervisory Authority, and Social Security.
The draft will offer a definition of crypto adapted to the Moroccan context and aim to protect individuals while not constraining innovation. The Moroccan government has also contacted the central banks of France, Sweden, and Switzerland to research the regulatory situations of these countries, which have previously had experience with digital assets. The bill’s details have not been revealed, but it is expected to be introduced to public discussion soon. The introduction of crypto-based money transactions would mean that the Moroccan central bank would have little control over capital flight as transactions on the blockchain are not bound by geographical borders, which was the original reason behind the crypto-ban.
What you'll learn 👉
Easiest and cheapest ways to buy crypto in Morocco
Getting bitcoins in Morocco is not an easy task as not all popular crypto exchanges are available to Morocco citizens. This is a current list of bitcoin exchanges that allow users from Morocco to buy crypto. They all support buying crypto with credit/debit cards but some of them offer other payment methods as well.
Trusted & high liquidity
BitOasis
👛 Ease of Use – Medium
👛 Fees – High
👛 Verification – 1-2 Days
👛 Reputation – Trusted
👛 Supported fiat – AED (UAE Dirham)
BitOasis is the Middle East & North Africa’s (MENA) largest digital asset trading exchange, platform, and wallet service.
More info +
start trading
Regulated & high liquidity
Kraken
👛 Ease of Use – Easy
👛 Fees – Average
👛 Verification – 2-3 Days
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, JPY, CAD
Kraken stands as a premier cryptocurrency exchange that has been serving the crypto community since 2011. With its platform, users can buy, sell, and trade over 220 different digital assets, including but not limited to Bitcoin, Ethereum, and Cardano. One of Kraken’s most notable features is its unwavering commitment to security, ensuring that users’ assets are protected.
More info +
start trading
Established & high liquidity
LocalBitcoins
👛 Ease of Use – Easy
👛 Fees – Low
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, and more
LocalBitcoins is one of the oldest P2P online marketplaces where you can buy and sell Bitcoin. It is considered the largest peer-to-peer crypto platform. LocalBitcoins is based in Helsinki, Finland.
More info +
start trading
Best Bitcoin Wallets in Morocco
It is never a good idea to keep your coins on an exchange as that exposes you to numerous risks (exchange hacks, fund freezes by the exchange or some government regulatory body, etc). That is why you should use one of the wallets we list below to store your digital assets.
But, which bitcoin wallet is available in this country?
The safest option is a hardware wallet like Nano X but ZenGo is also a good choice, especially for newcomers.
Bottom Line
Pros
Cons
ZenGo
Mobile
Visit Now
Bottom Line
ZenGois an easy iOS/Android Bitcoin & cryptocurrency wallet. Getting started takes less than 20 seconds.
Pros
extremely safe as it uses biometrics for security
you can buy crypto directly from it
has savings and staking account
Cons
No major flaws
Exodus
Desktop
Visit Now
Bottom Line
Electrumis one of the oldest and most popular desktop multi-currency wallets which is compatible with Windows, Mac, and Linux
Pros
One of the oldest wallets in the market
you can buy and stake directly from the wallet
supports all major coins and blockchains
Ledger Nano X
Hardware
Visit Now
Bottom Line
Ledger Nano Xis a leading and most secure cold storage wallet that connects to your device via Bluetooth.
Pros
Safest wallet in the market
competitive price
supports a lot of coins
you can buy directly from the wallet
stake directly from the wallet
Cons
Small display
complicated to setup for newbies
Read also:
- How To Buy Bitcoin in Brazil?
- How To Buy Bitcoin in Ethiopia?
- How To Buy Bitcoin in Mongolia?
- How To Buy Bitcoin in Lebanon?
Regulated & high liquidity
Paybis
👛 Ease of Use – Easy
👛 Trading Fees – Average
👛 Verification – 1 day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, and more
Paybis is a cryptocurrency exchange that offers a safe, secure, stable, and easy to use platform to its users from when it was founded back in 2014.
More info +
start trading
Established & high liquidity
CoinSmart
👛 Ease of Use – Easy
👛 Fees – Low
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – CAD
Coinsmart is one of the most popular Canadian crypto exchange alternatives. It was founded in 2018 by Justin Hartzman and Jeremy Koven. Considering that it’s a relatively new exchange, Coinsmart has managed to come a long way and build a reputation through its strong customer support and wide range of custom tools.
More info +
start trading
Established & high liquidity
Paxful
👛 Ease of Use – Easy
👛 Fees – Average
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, CAD, AUD + more
Founded back in 2015, with its headquarters in New York, United States, a cryptocurrency exchange platform Paxful offers its services to nearly 5 million users around the globe.
More info +
start trading
Regulated & high liquidity
Changelly
👛 Ease of Use – Easy
👛 Fees – Average
👛 Verification – 1 day
👛 Reputation – Trusted
👛 Supported fiat – USD, JPY
Changelly offers a platform to sell, store, and trade cryptocurrencies. As a decentralized exchange (DEX), it empowers users to trade directly from their personal wallets, eliminating the need for any intermediaries. This positions Changelly as a peer-to-peer platform, facilitating direct cryptocurrency trades between users.
More info +
start trading
Frequently asked questions about buying Bitcoin in Morocco
Can I buy Bitcoin in Morocco❓
Yes, you can buy Bitcoin in Morocco on any of the exchanges mentioned in this article.
Does Luno work in Morocco❓
No, Itonly accepts customersfrom Singapore, Nigeria, Indonesia, Malaysia, Zambia, and Uganda.
Can I use Kraken in Morocco❓
Yes, Kraken is available in Morocco.
Can I use Binance in Morocco❓
Yes, you can use Binance, Coinbase, Kraken, and others website in Morocco. In fact, Morocco banks and government are actively looking toward the blockchain and investing in cryptocurrencies, it wouldn’t be surprising if it’s the first country to adopt and create a national cryptocurrency.
Does Morocco use Paypal❓
Yes, PayPal offers its services in Morocco.
Is there Bitcoin ATM in Morocco❓
Cryptocurrency machine is installed at Amoco in Morocco. You can buy BTC for USD here.
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com
