How To Buy Bitcoin in Morocco?

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.

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
How To Buy Bitcoin in Morocco?

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 +
Regulated & high liquidity
How To Buy Bitcoin in Morocco?

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 +
Established & high liquidity
Localbitcoins

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 +

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
ZenGo
Mobile
Visit Now
Bottom Line
ZenGo is 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
Exodus
Desktop
Visit Now
Bottom Line
Electrum is 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
Cons
Not completely open source
Ledger Nano X
Ledger Nano X
Hardware
Visit Now
Bottom Line
Ledger Nano X is 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:

Regulated & high liquidity
How To Buy Bitcoin in Morocco?

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 +
Established & high liquidity
How To Buy Bitcoin in Morocco?

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 +
Established & high liquidity
paxful

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 +
Regulated & high liquidity
How To Buy Bitcoin in Morocco?

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 +

Frequently asked questions about buying Bitcoin in Morocco

intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

Petar Jovanović
Petar Jovanović

As the Head of Content at Captainaltcoin, I bring years of experience in the crypto industry. With a strong belief in the potential of the web3 market since 2017, I'm passionate about sharing valuable insights and knowledge. Feel free to connect with me on LinkedIn and let's discuss the exciting world of cryptocurrencies and decentralized technologies!

We will be happy to hear your thoughts

Leave a reply

CaptainAltcoin
Logo