This list features cryptocurrency exchanges available to citizens of the Russian Federation. These platforms have not announced any blocking of Russian accounts. We update the list daily.
Comparison of the Best Crypto Exchanges for Russia
The exchange ranking shown in the table is based on two key metrics: Holder.io's expert assessment and user reviews on Trustpilot. It will help you choose a reliable trading platform by weighing its reputation, features, and user experience. The exchanges are sorted by their 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 restrictions on Russian users, driven by international sanctions and the geopolitical situation. In October 2022, the European Union approved its eighth sanctions package, completely banning the provision of cryptocurrency services to Russians.
Earlier, in April of that same year, the restrictions applied to accounts holding assets above 10,000 euros, but the 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 launched 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 Russian users.
These exchanges include:
- Bybit – Founded in 2018 and registered in the British Virgin Islands. According to CoinGecko, Bybit ranks second by daily trading volume.
- KuCoin – Operating since 2017 and registered in the Seychelles. According to CoinGecko, KuCoin is among the leading exchanges by trading volume.
- OKX – Founded in 2017 and registered in the Seychelles. According to CoinGecko, OKX ranks third by daily trading volume.
- HTX (formerly Huobi) – Founded in 2013 and registered in the Seychelles. In 2023, the company rebranded, changing its name to HTX.
- BitMEX – Founded in 2014 and registered in the Seychelles. The exchange is known for its derivatives products and high liquidity.
These restrictions stem from international sanctions aimed at Russia's financial isolation. Cryptocurrency exchanges operating in jurisdictions that uphold the sanctions are required to comply with these measures in order 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. That said, it's worth noting that the rules and laws surrounding cryptocurrency can change frequently, so it's always wise to check the current status and make sure your chosen exchange operates legally in Russia before using it.
