The list includes cryptocurrency exchanges available to citizens of the Russian Federation. These platforms have not announced any blocking of Russian accounts. The list is updated daily.
Comparison of the Best Crypto Exchanges for Russia
The rating of cryptocurrency exchanges presented in the table is based on two key indicators: expert evaluation by Holder.io and user reviews on Trustpilot. It will help you choose a reliable platform for trading, considering its reputation, functionality, and user experience. The exchanges are sorted by Holder.io rating.
| Exchange | Holder.io Rating | Trustpilot Rating |
|---|---|---|
| Bybit | 5.0 | 4.3 out of 5 |
| KuCoin | 5.0 | 2.0 out of 5 |
| OKX | 5.0 | 3.9 out of 5 |
| MEXC | 4.5 | 4.3 out of 5 |
| Bitget | 4.5 | 4.1 out of 5 |
| Gate.io | 4.5 | 3.7 out of 5 |
| BingX | 4.5 | 4.5 out of 5 |
| HTX | 4.5 | 3.5 out of 5 |
| Bitstamp | 4.5 | 3.8 out of 5 |
| CoinDCX | 4.5 | 4.2 out of 5 |
| Backpack Exchange | 4.5 | No data |
| Luno | 4.5 | 4.0 out of 5 |
Why Crypto Exchanges Restrict Registration from Russia
In recent years, cryptocurrency exchanges have imposed sanctions against Russian users due to international sanctions and geopolitical situations. In October 2022, the European Union approved the eighth package of sanctions, completely banning the provision of cryptocurrency services to Russians.
Earlier, in April of the same year, restrictions applied to accounts with assets exceeding 10,000 euros, but new measures extended to all amounts.
Following this, major exchanges registered in EU jurisdictions stopped serving Russian clients. For example, EXMO sold its Russian business and opened a separate division, EXMO.me, to operate in Russia, Belarus, and Kazakhstan.
However, exchanges registered in other regions, such as the Seychelles or Hong Kong, continued to work with Russians.
Such exchanges include:
- Bybit – Founded in 2018, registered in the British Virgin Islands. According to CoinGecko, Bybit ranks second in daily trading volume.
- KuCoin – Operating since 2017, registered in the Seychelles. According to CoinGecko, KuCoin is among the leading exchanges by trading volume.
- OKX – Founded in 2017, registered in the Seychelles. According to CoinGecko, OKX ranks third in daily trading volume.
- HTX (formerly Huobi) – Founded in 2013, registered in the Seychelles. In 2023, the company rebranded, changing its name to HTX.
- BitMEX – Founded in 2014, registered in the Seychelles. The exchange is known for its derivative products and high liquidity.
The restrictions are related to international sanctions aimed at financially isolating Russia. Cryptocurrency exchanges operating in jurisdictions supporting the sanctions are obliged to comply with these measures to avoid legal consequences.
Which Cryptocurrency Exchanges Work with Users from Russia?
Some cryptocurrency exchanges that work with Russian users include Binance, Bitfinex, Bitstamp, CEX.IO, EXMO, and Livecoin. However, it is worth noting that the rules and laws regarding cryptocurrencies can change frequently, so it is always useful to check the current status and ensure that the exchange you choose operates legally in Russia before using it.