Compare your Top 3 Bitcoin Exchanges
Choose Provider 1:
Choose Provider 2:
Choose Provider 3:
Provider
Pro and Contra
Has been hacked?
Fees
Security
Trading
US Friendly!
88 88
Pro
  • Low fees
  • Excellent liquidity in both USD and EUR markets
  • Margin and futures trading supported
  • Only exchange platform selected to support investigation into Mt. Gox's stolen Bitcoins
Contra
  • Sometimes has uptime problems when market gets hot.
  • Verifications take time.
  • Unlike many other Bitcoin exchange platforms, it does not work as crypto wallet.
  • Although it is not solely a Bitcoin exchange for US, Kraken has a lot of restrictions for a wide range of countries, specially for credit card purchases.
Has been hacked? No Fees
Deposit Fees:
10 USD for FedWire (Silvergate) 5 USD for FedWire (Synapse) 10 USD for SWIFT (Silvergate Bank) 3 USD for SWIFT (Bank Frick) 3 EUR for SWIFT (Bank Frick) 1.25 CAD + 0.25% of the transaction for In-person cash or debit (Canada Post) 1.5% of the transaction for Interac e-Transfer 3 CAD for SWIFT (Bank Frick) 21 GBP for CHAPS (ClearJunction) 3 GBP for SWIFT (Bank Frick) 0.75 CHF for SIC (Bank Frick) 0.75 CHF for SWIFT (Bank Frick)
Withdrawal Fees:
Yes
Trading Fees:
0.00%-0.26%
Security Excellent Trading
Futures? Yes
Derivatives? Yes
Margin Trading? up to 5x
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Anonymous, No KYC
80 80
Pro
  • 2FA ensures security
  • High leverage (up to 100x Cryptocurrencies, up to 1000x Forex)
  • No KYC required
Contra
  • Not widely known yet
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
0.001%-0.05%
Security Good Trading
Futures? No
Derivatives? Yes
Margin Trading? up to 1000x
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All in One
80 80
Pro
  • Very low fees
  • A myriad of coins to exchange with
  • No lags experienced with website
Contra
  • Customer support lacks phone
  • Has been hacked one time (but compensated their users)
  • Different domains for US and the rest of the world
Has been hacked? Yes (on 7. May 19) Fees
Deposit Fees:
No
Withdrawal Fees:
Yes
Trading Fees:
0.012% - 0.10%
Security Ok Trading
Futures? Yes
Derivatives? Yes
Margin Trading? up to 20x
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90 90
Pro
  • Fast account creation
  • Real-time auditing
  • High leverage
Contra
  • Only Bitcoin and Ethereum trading
  • Not user-friendly
  • Website design is confusing
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
Depends
Trading Fees:
-0.01%-0.05%
Security Excellent Trading
Futures? Yes
Derivatives? Yes
Margin Trading? up to 100x
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High Volume
76 76
Pro
  • High liquidity
  • Low fees
  • Full package of order types, margin trading and lending market
  • Hack has been solved professionally and innovative, paid back all the losses from the hack (!)
Contra
  • Not a transparent company
  • Has been hacked multiple times
  • Controversial connection to Tether
Has been hacked? Yes Fees
Deposit Fees:
No (only for FIAT)
Withdrawal Fees:
Yes
Trading Fees:
0.10%-0.20%
Security Ok Trading
Futures? Yes
Derivatives? Yes
Margin Trading? up to 10x
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80 80
Pro
  • “Real” Decentralized Exchange
  • Anonymous
  • Account creation is fast and very easy (not required to complete KYC/AML)
  • Accepts Fiat payments
Contra
  • In Business only since 2016
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
Yes
Security Excellent Trading
Futures? None
Derivatives? No
Margin Trading? None
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80 80
Pro
  • Easy account creation
  • No minimum deposit
  • Awesome interactive website
Contra
  • Unregulated
  • Some negative reviews
Has been hacked? Yes (2016, but only email system) Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
No
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? up to 500x
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80 80
Pro
  • using Meta Trader 5
  • lot of different coins are supported
  • leverage up to 20x
Contra
  • very new exchange with no real track record
  • only crypto deposits are available
  • can be confusing for newbies
Has been hacked? No Fees
Deposit Fees:
Free
Withdrawal Fees:
Miner fee
Trading Fees:
0,2%
Security High Trading
Futures? No
Derivatives? Yes
Margin Trading? up to 20x
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Great for Credit Card
82 82
Pro
  • A lot of different payment method
  • Strict security standards
  • Trustpilot reviews
Contra
  • Verification needeed for full access
  • Some US states are not supported
Has been hacked? No Fees
Deposit Fees:
Yes (for Credit Card Payments)
Withdrawal Fees:
Yes
Trading Fees:
N/A
Security Trading
Futures? No
Derivatives? No
Margin Trading? No
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86 86
Pro
  • No fees
  • No KYC or registration
  • Quick execution
  • Advance Cash is supported to cash out crypto
Contra
  • Higher cryptocurrency prices
  • Too less information in the FAQ section
  • No fiat payment option
  • Limited number of supported coins
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
0%
Security Good Trading
Futures? No
Derivatives? No
Margin Trading? No
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Anonymous P2P
90 90
Pro
  • Many coins and payment methods supported
  • Multi-blockchain P2P exchange
  • Transparency about company background
Contra
  • Reliability of service is depending on the sellers on the platform
  • Too many options to choose from can paralyze users
  • High crypto prices
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
Yes
Trading Fees:
1.00%
Security Medium Trading
Futures? No
Derivatives? No
Margin Trading? No
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88 88
Pro
  • Low fees
  • Futures trading options
  • Leverage up to 100x
Contra
  • Lack of real user experience online
  • No social media activity (Twitter suspended)
  • Users from the US are excluded
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
0.005%-0.060%
Security Good Trading
Futures? Yes
Derivatives? Yes
Margin Trading? up to 100x
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84 84
Pro
  • Safe and decentralized trading
  • Arbitrators
  • 2-out-of-3 multisig security in trades
  • Wide selection of FIAT and Crypto Currencies
Contra
  • They need more aggressive advertising
  • More active development
  • They need to team up with other companies
  • High fees
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
Yes
Trading Fees:
0.001% - 0.009%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
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Great for EUR/USD
82 82
Pro
  • Has not been hacked
  • Great to buy Bitcoin / Ethereum with FIAT
  • Easy to use exchange interface
Contra
  • No trading platform
  • KYC needed
Has been hacked? No Fees
Deposit Fees:
No (for min. deposits)
Withdrawal Fees:
Yes
Trading Fees:
0.05%-0.15%
Security Excellent Trading
Futures? No
Derivatives? Yes
Margin Trading? No
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Easy to use
76 76
Pro
  • High liquidity
  • Integrated debit and credit cards
  • Newbie friendly
Contra
  • Major violations of users privacy
  • High Trading Fees for < $50k Trading / Month
  • Segwit still not supported ( = high TX fees )
Has been hacked? No Fees
Deposit Fees:
Yes
Withdrawal Fees:
Yes
Trading Fees:
0.50%-0.05%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
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Pro
  • N/A
Contra
  • N/A
Has been hacked? No Fees
Deposit Fees:
TBD
Withdrawal Fees:
TBD
Trading Fees:
N/A
Security N/A Trading
Futures? None
Derivatives? N/A
Margin Trading? None
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86 86
Pro
  • no trading commissions
  • rewards system after open trades
  • offers to trade forex and gold too beyond crypto
Contra
  • no real online presence of the company
  • US users are not accepted
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
0.00%
Security Good Trading
Futures? No
Derivatives? Yes
Margin Trading? up to 50x
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Lots of Altcoins
80 80
Pro
  • User-friendly Interface
  • Security -Yobi codes (deposit codes)
  • Free Coins
Contra
  • Many Negative reviews
  • Very high withdrawal fees ( > 0.001 BTC)
Has been hacked? No Fees
Deposit Fees:
Yes
Withdrawal Fees:
Yes
Trading Fees:
0.2%
Security Excellent Trading
Futures?
Derivatives? No
Margin Trading? No
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80 80
Pro
  • Good reputation
  • High volume and liquidity
  • Connections in the industry grant it additional legitimacy
  • Easy to use and quick
Contra
  • High Trading Fees if you are trading lower volumes
  • More negative comments in the recent past
Has been hacked? Yes, in January 2015 Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
0.5%-0.10%
Security Very Good Trading
Futures? No
Derivatives? No
Margin Trading? No
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80 80
Pro
  • Verified merchants offer platform users services
  • Fast turnaround of deposits and withdrawals
  • High flexibility
  • Fully escrowed delivery
Contra
  • No mobile app
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
0.1% USD, 5 USDT, 0.0005 BTC
Trading Fees:
0.008%-0.150%
Security Good Trading
Futures? N/A
Derivatives? N/A
Margin Trading? up to 100x
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72 72
Pro
  • 140+ currencies available
  • Accepts Credit Cards
  • 2FA Security
  • No verification for crypto to crypto
Contra
  • High transaction fee of 0.5%
  • Negative comments from the community
  • Still a lot to prove (a fairly new company)
Has been hacked? No Fees
Deposit Fees:
None
Withdrawal Fees:
None
Trading Fees:
0.50%
Security Good Trading
Futures? No
Derivatives? No
Margin Trading? No
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80 80
Pro
  • Easy to use website
  • Great features
Contra
  • Verification process is long
  • Focused on Argentinean market
Has been hacked? No Fees
Deposit Fees:
Yes
Withdrawal Fees:
$20
Trading Fees:
0.50%-1.00%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
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82 82
Pro
  • low commissions
  • No KYC needed for crypto only deposits / withdrawals
  • good resources on trading and cryptocurrency
  • UK phone hotline
Contra
  • no information on the company background
  • US users are restricted
  • only cryptocurrency deposits are accepted
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
0.00%
Security Good Trading
Futures? No
Derivatives? No
Margin Trading? up-to 50x
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Best Support
60 60
Pro
  • Superb liquidity, often the best in the world
  • Many advanced trading options
  • Low fees
Contra
  • Sometimes foreign traders have problems with verification
  • Chinese Exchange (PBoC)
Has been hacked? No Fees
Deposit Fees:
In most cases no
Withdrawal Fees:
Yes
Trading Fees:
0.00%-0.10%
Security Excellent Trading
Futures? Yes
Derivatives? No
Margin Trading? up to 3x
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90 90
Pro
  • Almost all countries are accepted (including some parts of the US)
  • Highest buying limit
  • Good Support
Contra
  • 3% fee
  • Some scam claims
Has been hacked? No Fees
Deposit Fees:
5% credit card fee
Withdrawal Fees:
5% credit card fee
Trading Fees:
5.90%
Security Good Trading
Futures? No
Derivatives? No
Margin Trading? No
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80 80
Pro
  • 2FA
  • Low Fees
  • A wide range of coins
Contra
  • No Fiat Payments
  • Leverage not available yet
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
0.025%-0.075%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? up-to 50x
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Fast Support!
78 78
Pro
  • Competitive fees
  • Good security
  • Accepts many different FIAT currencies
Contra
  • Website could use some improvements
  • Doesn't keep the pace with competition
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
Yes, 1% + 5 USD
Trading Fees:
0.00%-0.20%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
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82 82
Pro
  • margin trading available in less-known altcoins too
  • option to reduce trading fees
  • native token
Contra
  • not available for US users
  • site is not completely localized for English
  • KYC is needed for withdrawal
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
0,04%
Security Good Trading
Futures? No
Derivatives? Yes
Margin Trading? up to 10x
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60 60
Pro
  • Easy account creation
  • Futures and Options available
  • Phone support
Contra
  • Beta phase
  • Platform design needs to be “optimized”
  • Does not support any Fiat deposit/withdrawals
Has been hacked? No Fees
Deposit Fees:
None
Withdrawal Fees:
None
Trading Fees:
-0.02%-0.03%
Security Excellent Trading
Futures? Yes
Derivatives? No
Margin Trading? up-to 10x
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82 82
Pro
  • Trade gift cards for BTC instantly
  • A wide variety of payment methods and currencies accepted, at least in theory
  • Easy to join and get going
Contra
  • Mixed reviews
  • Slow customer support
  • High commissions charged (by the seller) for buying Bitcoin with uncommon methods or in non-mainstream currencies
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
Yes
Trading Fees:
0.00%-1.00% (with gift cards up to 5%)
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
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66 66
Pro
  • Federally regulated
  • Available in all 50 states of USA
  • Good liquidity and competitive fees
  • Keeps BTC in cold storage, backed by audited reserve minimum
Contra
  • No mobile apps
  • No margin trading and short selling
  • No ACH transfers
Has been hacked? No Fees
Deposit Fees:
Yes
Withdrawal Fees:
Yes
Trading Fees:
0.20%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
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52 52
Pro
  • Support for numerous altcoins
  • Fast deposits and withdrawals
  • Competitive fees
Contra
  • Weak liquidity for some of the coins
  • No mobile apps
Has been hacked? No Fees
Deposit Fees:
Yes
Withdrawal Fees:
Yes
Trading Fees:
0.02%-0.18%
Security Good Trading
Futures? No
Derivatives? No
Margin Trading? No
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90 90
Pro
  • Founders have clear track record in crypto trading
  • New features: Initial Futures Offerings
  • Physically Delivered Bitcoin futures
Contra
  • Might not be suitable for newbies
  • New company
  • No fiat support
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
0.03%
Trading Fees:
0,03%
Security High Trading
Futures? Yes
Derivatives? Yes
Margin Trading? up to 20x
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40 40
Pro
  • Demo Mode
  • Lot of small cap altcoins
  • API
Contra
  • Hard Verification
  • Many user complaints
  • Fees are high
Has been hacked? No Fees
Deposit Fees:
Yes
Withdrawal Fees:
Trading Fees:
0.10%-0.20%
Security Good Trading
Futures? No
Derivatives? No
Margin Trading? up-to 5x
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Has Legal Problems
30 30
Pro
  • Available futures and derivates trading
  • High leverage
  • Many advanced features
  • Good liquidity
Contra
  • Has legal problems
  • Not for beginners
  • Trading Engine Problems often
  • High Withdrawal Fees
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
-0.05%-0.25%
Security Good Trading
Futures? Yes
Derivatives? Yes
Margin Trading? up to 100x
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Best Bitcoin Exchange for Uganda

Withdraw money free of charge in Uganda “Pearl of Africa” – the beautiful nickname of Uganda, which Winston Churchill gave the country at that time not without reason. The country is considered as the insider tip to experience the unadulterated Africa. All impressions of Africa are combined in Uganda. Cloud forests, jungles, mountains, large water areas and savannahs run through the country and give it its unique beauty.

Safari tours through the national parks and special chimpanzee or even gorilla trekking tours await the tourist. In the following report you will find the most important information about the Ugandan currency, different means of payment and the possibilities to get cash in Uganda. In addition, there are hints on how to avoid the expensive foreign exchange fees of the house banks when withdrawing money in Uganda, and how to withdraw cash in the respective local currency free of charge worldwide. Also relevant for every traveller are the most important security aspects that have to be considered when travelling to Uganda when dealing with means of payment.

Uganda Shilling (UGX) – the national currency

Overview Banknotes Uganda SchillingThe official national currency and means of payment in Uganda is the Uganda Schilling, which is divided into 100 cents. Uganda Shilling is available in coins and banknotes as shown in the table below:

  • Coins: 50, 100, 200, 500 Uganda Shilling
  • Notes: 1000, 2000, 5000, 10,000, 20,000, 50,000 Uganda Shilling

In Uganda there is no declaration obligation for the import and export of foreign exchange.

Currency exchange in Uganda

The Uganda Shilling is difficult to obtain from German banks, which is why an exchange only makes sense locally. In Uganda, Euros or US dollars are exchanged into the local currency without any problems, whereby the US dollar is also accepted as a direct means of payment. Please note that the issue date of the US dollar notes is not older than 2006.

An exchange in Uganda Shilling is only possible in bigger cities or at the airport, so that one should have stocked up with sufficient cash in the travel fund before travelling to the more rural regions. As a rule, exchange offices offer a better exchange rate than banks. It is therefore worth comparing the exchange rates beforehand.

Cashing traveller’s cheques in Uganda

Traveler’s checks denominated in US dollars can be cashed at banks. Please note, however, that some banks charge up to 10% of the traveller’s cheque value as a fee. In any case, you should ask for an exchange receipt. This is sometimes necessary if you want to exchange money back on departure.

Cashless payment in Uganda

Cashless payment is not yet a matter of course everywhere in Uganda. The credit card is the only and in rare cases cashless means of payment accepted. In a few larger hotels and some airlines in Kampala, payment by credit card is possible. When using the credit card as a means of payment, however, there are also fees for the use of the card abroad, which are between 1 and 4% of the respective invoice amount. In many cases it is therefore cheaper to pay bills in cash.

In order to save the fee for the assignment abroad, there is the conventional payment method of cash payment. In this case, the cash card is used for the purpose of withdrawing money from suitable cash machines. Cash payment does not imply any directly visible fees, but withdrawing money for cash payment is also subject to a fee for EC cards and standard credit cards. One exception is the so-called travel credit card, a worthwhile alternative with which it is possible to withdraw money in local currency free of charge. Read more about this in the following sections.

Withdraw money in Uganda by EC card

Withdrawing money in Uganda with an EC card is only possible in a few banks. The EC card must bear the Maestro logo. With the new V-Pay cards it is generally not possible to withdraw money in Uganda. In the bigger cities of Uganda, there are some ATMs of the Barclays Bank at which one can also withdraw money in the local currency with the EC card. Every day, between 250,000 and 700,000 Uganda shillings are possible per withdrawal, depending on the ATM.

For each withdrawal by EC card in Uganda, the house bank charges a fee of between 5 and 10 euros. The house bank responsible for the use of the EC card at a non-bank or foreign ATM charges this so-called foreign exchange fee. During a trip through Uganda, these fees for foreign assignments can quickly add up to the sum of the withdrawals. For this reason, it saves costs to carry a credit card as an additional means of payment in addition to the EC card. A credit card increases the flexibility of the holidaymaker when withdrawing money in Uganda. If the decision is made in favour of a free travel credit card, the fees that are also charged for standard credit cards will also be waived.

Withdraw money in Uganda by credit card

Visa and Mastercard are the most common means of payment in Uganda. You can use them to withdraw money from suitable ATMs in Uganda without any problems. Mainly in the bigger cities of Uganda there are enough possibilities to buy cash in local currency. Especially when travelling in the surrounding area, it is advisable, because there often the cash payment is the only possibility to pay the bills. The maximum withdrawal amount per day varies from ATM to ATM and ranges between 250,000 and 700,000 Uganda shillings.

Similar to the EC card, the credit card institute charges a foreign assignment fee for common credit cards, which is between 1 and 4% of the amount withdrawn and depends on the credit card contract concluded. The exact amount of the foreign assignment fee can be obtained directly from the credit card institute or read in the General Terms and Conditions. If you want to avoid these fees, you should make use of the services of some online or direct banks. There you will receive a free, so-called travel credit card with which you can withdraw money free of charge in Uganda.

In traveller circles, these credit cards enjoy an increasing popularity, as they are available without annual provision costs and one saves money on every trip abroad. Even if the name “travel credit card” does not reveal it at first glance, there are no charges for third-party use of the credit card when withdrawing money from other banks in Germany. One of these credit cards is therefore not only a cost-saving means of payment for the trip to Uganda, but is also listed as an intelligent long-term solution for everyday use.

The banks that offer such credit cards can be found in the following list. On the website of the bank you can find the application form, which is filled out online and has to be printed out afterwards. The banks offer various ways to identify the account, which is implied free of charge in the contract, and the credit card. The quickest and easiest method is the Post-Ident procedure, for which only a valid identity card or passport is required. This can be done quickly and conveniently together with sending the printed application to a post office. No costs are incurred.

However, a maximum processing time of two weeks must be expected before the card is sent. If you decide on one of these travel credit cards before travelling to Uganda, you should make sure that you apply in good time so that you can take advantage of this card from the first day of your journey in Uganda and save unnecessary costs for each withdrawal procedure, which are normally incurred with all common cards abroad.

Safety when withdrawing money in Uganda

In some parts of Uganda, especially in the border area of Southern Sudan, there are isolated attacks of rebellious locals, these regions should only be visited accompanied by an experienced travel guide. Otherwise, Uganda does not have an above-average crime rate.

When withdrawing money in Uganda, it is important to follow the usual travel precautions in Ireland: The PIN should always be entered in a concealed manner at the ATM, and the separate storage of PIN and card should also be a matter of course. In addition, you should check the card input device for possible tampering before entering the card. The illegal copying of credit cards by manipulation of the machine is on the rise worldwide and poses a not inconsiderable threat to the security of means of payment in Uganda as well. If there is the slightest suspicion of manipulation, it is worth the effort to go to another machine and safely withdraw money there.

In the event of loss or theft, the card blocking emergency call should be contacted immediately. The number can be reached via the following link. By calling, the affected card is blocked immediately and major financial losses can be prevented. The prerequisite is that the number of the blocking emergency call is always carried separately from the card. With this little but helpful information on security and a combination of suitable means of payment in your luggage, you are well prepared for a holiday or business trip to Uganda.