With a growing number of investors seeking reliable exchanges to trade digital assets, Mongolia’s crypto scene is evolving. Whether you’re a beginner looking for a secure platform or an experienced trader searching for low fees and advanced features, choosing the right exchange is crucial.
In this guide, we explore the best crypto exchanges in Mongolia for 2025, comparing their security, fees and supported assets, among others.
| Exchange | Trading Fees | Best For | Max Leverage | Available Assets | Fiat Support | Security Features | Unique Features |
| UEEX | 0.09% (spot);0.08-0.10% (margin); 0.05% (futures) | Traders looking to diversify their portfolio with crypto and stocks, all in one platform. | 200x | 300+ | USD, EUR, GBP, JPY | 2FA, Cold Storage, Anti-Phishing Code, and wallet whitelisting, Proof of Reserve | UE Coin Miner app, copy trading, access to US and Hong Kong stocks |
| WhiteBit | 0.10% (spot); 0.10-0.035% (futures); 0.0585% (margin) | Traders seeking a secure and globally accessible exchange with competitive trading fees. | 100x | 270+ | USD, EUR, GBP | 2FA, Cold Storage, AML & KYC Compliance | WhiteBit Launchpad, Demo Trading, Earn Programs |
| Kraken | 0-0.40% (spot, margin, futures) | Security-focused traders looking for a regulated platform with advanced features and high-volume liquidity in crypto markets. | 50x | 175+ | USD, EUR, CAD, GBP, JPY, and more | 2FA, Cold Storage, Email and SMS Alerts | Margin Trading, Staking, OTC Trading |
| Nexo | 0.04-0.20% (spot); 0.03-0.06% (futures) | Crypto lending and borrowing | 50x | 50+ | USD, EUR, GBP | 2FA, cold storage, insurance | Earn interest on crypto, crypto-backed loans, instant exchange |
| KuCoin | 0-0.10% (spot); 0-0.06% (futures) | Access to a wide range of altcoins and derivatives | 125x | 700+ | Multiple | 2FA, cold wallet storage, Trading password | KuCoin Earn, lending services, margin and futures trading |
| Bybit | 0.005-0.1% (spot); 0-0.055% (futures) | Derivatives traders seeking high-leverage crypto futures trading with sophisticated risk management tools and institutional-grade infrastructure. | 200x | 10+ (Focuses on Derivatives) | USD, EUR, JPY | Multi-Sig Addresses, 2FA, Cold Storage | Bybit Launchpad, Investment Account |
| Alpaca | 0-0.25% (spot) | API traders and algo traders looking for commission-free stock and crypto trading. | N/A | 20+ | USD | 2FA, SEC & FINRA Regulation | Commission-Free Stock Trading, Paper Trading, API Trading |
Top Exchanges in Mongolia in 2025
1. UEEx – Best Overall
Summary: All-in-one platform ideal for traders looking to diversify their portfolios with stocks and crypto.
With some of the lowest fees in the market, UEEx offers a user-friendly platform with a wide range of features, including up to 200x leverage trading to enhance your cryptocurrency trading experience.
For DEGEN traders in Mongolia, you will find UEEx particularly interesting because it allows them to trade meme coins with full voting rights, giving them the ability to influence the future of their favored projects.
Additionally, UEEx prioritizes privacy by generating a new wallet address for each payment, ensuring discreet and secure transactions. Also, it prioritizes the security of your funds, with 93% of assets held in cold storage.
The platform offers an innovative way to earn its native token, UE Coin, through the UE Coin Miner app directly on your device. UEEx brings everything together in one sleek, user-friendly platform. Low fees, high leverage and serious security.
Pros
- Degen trading with full voting right
- Wide range of assets, including over 300 cryptocurrencies and stocks
- Innovative features, including the UE Coin Miner app
- Some of the lowest fees in the market
Cons
- Limited fiat currency support for withdrawals
- Relatively new exchange
Fees
- Spot Trading: 0.09% maker/taker fee
- Margin Trading: 0.08 – 0.10% maker/taker fee
- Deposit Fees: Free
- Withdrawal Fees: Free for internal crypto transfers; fees vary for external transfers and fiat withdrawals
2. WhiteBit – Best for Global Accessibility
Summary: Best for traders seeking a secure and globally accessible exchange with competitive trading fees.
WhiteBit is a secure and globally accessible crypto exchange, ideal for you if you prioritize safety while benefiting from competitive trading fees. With support for over 270 assets, WhiteBit provides a solid trading experience, offering up to 100x leverage for those looking to maximize their potential gains.
For security-conscious traders in Mongolia, WhiteBit stands out with its industry-leading protection measures, including 2FA, AML & KYC compliance, and cold storage for most funds. The platform has features such as WhiteBit Launchpad for new token investments, demo trading for risk-free practice, and earning programs for passive income opportunities.
WhiteBit’s straightforward interface, combined with its global accessibility and strong security framework, makes it a top choice for you if you’re looking for a reliable and feature-rich exchange.
Pros
- Industry-leading security measures
- Supports 270+ cryptocurrencies and multiple fiat currencies (USD, EUR, GBP)
- Features like WhiteBit Launchpad and earn programs for passive income
- Demo trading for beginners to practice without risk
Cons
- Limited advanced trading features compared to some competitors
- KYC verification required for full access to all features
Fees
- Spot Trading: 0.10% maker/taker fee
- Futures Trading: 0.10 – 0.035% maker/taker fee
- Margin Trading: 0.0585% maker/taker fee
- Deposit Fees: Free
- Withdrawal Fees: Vary based on asset and withdrawal method
3. Kraken – Best for Security & Compliance
Summary: Best for traders looking for a secure platform with advanced features and robust fiat support.
Kraken is the platform that’s been keeping traders’ assets safe since crypto’s early days. For you as a resident of Mongolia, Kraken has your back with up to 50x margin trading and futures options that’ll make your portfolio work harder.
Kraken speaks both crypto and fiat languages fluently, so if you want to move from traditional currencies to crypto and back again, there is no problem. With support for over 175 cryptocurrencies, Kraken offers real-time market data that’ll help you spot opportunities before others.
In addition, Kraken maintains a spotless security record, including proof-of-reserve audits, 95% cold storage, and an active security team.
Pros
- Strong security and transparent platform
- Support for over 175 cryptocurrencies
- Margin and futures trading options
- Fiat deposits and withdrawals supported
- Kraken Pro for lower fees and advanced tools
Cons
- The verification process can be slow
- Limited educational resources for beginners
Fees
- Spot Trading: 0 – 0.40% maker/taker fee (varies based on trading volume)
- Deposit Fees: Free for crypto deposits; fiat deposits vary based on method
- Withdrawal Fees: Vary by cryptocurrency and fiat withdrawal method
4. Nexo – Best for Crypto Lending and Interest Earning
Summary: Best for Botswana investors seeking to earn interest on their crypto assets and access instant liquidity through crypto-backed loans.
Nexo is a leading platform specializing in crypto lending and borrowing. It allows you to earn interest on your crypto holdings and access instant liquidity without selling your assets.
For residents of Mongolia, Nexo also offers you a crypto exchange and a debit card, making it a comprehensive platform for managing your crypto portfolio.
However, it’s important to understand the risks associated with crypto lending and borrowing, including potential liquidation of collateral if loan values fall below certain thresholds.
Pros
- Earn interest on your crypto holdings
- Access instant liquidity through crypto-backed loans
- User-friendly platform with a crypto exchange and debit card
- Competitive interest rates
Cons
- Risks associated with crypto lending and borrowing
- Interest rates may vary based on loan-to-value ratios and loyalty tiers
Fees
- Spot Trading: 0.04 – 0.20% maker/taker fee
- Futures Trading: 0.03 – 0.06% maker fee
5. KuCoin – Best for Altcoin Variety
Summary: Best for users looking for a wide selection of altcoins and advanced trading options at low fees.
KuCoin is a globally recognized crypto exchange known for offering a diverse range of cryptocurrencies and trading features. With over 700 digital assets available, KuCoin is ideal for you in Mongolia if you want access to lesser-known altcoins and innovative products like margin trading, futures, and lending services.
KuCoin stands out with its low trading fees, competitive leverage of up to 100x for derivatives trading, and unique features such as the KuCoin Earn program, which allows you to earn passive income through staking and lending. The platform also prioritizes security with two-factor authentication (2FA), cold wallet storage, and a trading password for added protection.
Pros
- Over 700 cryptocurrencies available, including a wide range of altcoins
- Low trading fees (0.1% maker/taker)
- Advanced trading features (spot, margin, futures, lending)
- Competitive leverage up to 100x for derivatives trading
- KuCoin Earn for passive income opportunities
Cons
- The complex interface may be challenging for beginners
- Limited fiat support
Fees
- Spot Trading: 0 – 0.10% maker/taker fee (discounts available for KCS token holders)
- Futures Trading: 0 – 0.06% maker/taker fee
- Deposit Fees: Free for crypto deposits
- Withdrawal Fees: Vary by cryptocurrency; fiat withdrawal fees depend on the method used
6. Bybit – Best for Futures Trading
Summary: Best for users seeking a platform with advanced derivatives trading, competitive fees, and innovative features.
Imagine you’re executing trades in Mongolia with a matching engine that can handle 100,000 transactions per second. No more frustrating delays when markets are moving fast. That is Bybit, which keeps up with your trading tempo, whether you’re scalping futures or diving into options.
Bybit’s copy trading feature lets you mirror the moves of top traders while you learn the ropes.
Besides the usual spot trading, you have access to a full suite of derivatives, in addition to perpetual contracts with up to 100x leverage, options for sophisticated strategies, and USDT-margined futures for when you want to keep things stable.
Pros
- Advanced trading products (futures, options, copy trading)
- Competitive trading fees
- High-speed trading engine for large volumes
- Strong security features and cold wallet storage
Cons
- Limited fiat deposit and withdrawal options
- Not ideal for beginners due to complex features
Fees
- Spot Trading: 0.005 – 0.10% maker/taker fee
- Futures Trading: 0 – 0.055% maker/taker fee
- Deposit Fees: Free for crypto deposits
- Withdrawal Fees: Vary by cryptocurrency
7. Alpaca – Best for Automated Trading
Summary: Best for algo traders looking for commission-free crypto trading
Alpaca is a top choice for you in Mongolia if you are an algorithmic investor looking for commission-free crypto trading. Designed with developers in mind, Alpaca offers a seamless API for automated trading, making it an attractive option for you if you prefer to execute strategies programmatically.
The platform supports a limited number of cryptocurrencies but provides commission-free access to U.S. markets. Alpaca also features paper trading, allowing you to test your strategies in a risk-free environment before deploying real capital.
Regulated by the SEC and FINRA, Alpaca ensures a secure trading environment, making it a reliable platform for you if you are seeking a blend of traditional and crypto assets with strong automation capabilities.
Pros
- Powerful API for automated trading and algorithmic strategies
- Commission-free crypto trading
- Paper trading feature for risk-free strategy testing
- SEC & FINRA-regulated platform ensures compliance and security
Cons
- Limited cryptocurrency selection (20+ assets)
- No leverage or futures trading available
Fees
- Spot Trading: 0 – 0.25% maker/taker fee
- Deposit Fees: Free
- Withdrawal Fees: Vary based on asset and method
What to Consider When Choosing a Crypto Exchange in Mongolia
Source: Freepik
Selecting the right crypto exchange is essential for a secure and efficient trading experience. Several factors should guide your decision when evaluating different platforms.
Security and Regulation
| Exchange | Insurance | Cold Storage % | Regulatory Status | Security Features |
| UEEx | Yes | 93% | Licensed | 2FA, Cold Storage, Anti-Phishing Code, and wallet whitelisting, Proof of Reserve |
| WhiteBit | Yes | 96% | Licensed and compliant with AML & KYC regulations | 2FA, Cold Storage, AML & KYC Compliance, Anti-Phishing Protection, IP Whitelisting |
| Kraken | Yes | 95%+ | Registered with FinCEN, UK FCA registered | Two-factor authentication, API key restrictions, Email confirmations, PGP encryption |
| Nexo | Yes (BitGo Custody) | Not disclosed | Licensed and regulated in multiple jurisdictions. | Two-factor authentication, Biometric authentication, Cold storage (via BitGo), 256-bit encryption, Real-time fraud monitoring |
| KuCoin | Yes | Not disclosed | Registered with the CIMA (Cayman Islands Monetary Authority) | Two-factor authentication, Advanced encryption, Multi-layered security system. |
| Bybit | Yes | Not-disclosed | Licensed in various jurisdictions | Two-factor authentication, Cold storage, SSL encryption |
| Alpaca | No | Not disclosed | Regulated by the SEC & FINRA | Two-Factor Authentication, API Key Security, Encrypted Data Protection |
Security should be a top priority when choosing a crypto exchange, especially in a developing regulatory environment like Mongolia.
UEEx offers a reliable platform with two-factor authentication (2FA) to prevent unauthorized access and cold wallet storage to protect your funds from hacks.
WhiteBit is compliant with anti-money laundering (AML) and know-your-customer (KYC) regulations. While Mongolia’s crypto regulations are still evolving, choosing an exchange that adheres to global security standards can provide better protection for your assets.
Trading Fees and Costs
| Exchange | Trading Fees |
| UEEX | 0.09% (spot); 0.08-0.10% (margin); 0.05% (futures) |
| WhiteBit | 0.10% (spot); 0.10-0.035% (futures); 0.0585% (margin) |
| Kraken | 0-0.40% (spot, margin, futures) |
| Nexo | 0.04-0.20% (spot); 0.03-0.06% (futures) |
| KuCoin | 0-0.10% (spot); 0-0.06% (futures) |
| Bybit | 0.005-0.1% (spot); 0-0.055% (futures) |
| Alpaca | 0-0.25% (spot) |
UEEx stands out for its low trading fees, with a spot trading fee of just 0.09% and margin trading fees ranging between 0.08% and 0.10%, making it an attractive choice.
WhiteBit maintains a competitive fee structure with a 0.10% fee for spot trading and a tiered futures trading fee that can go as low as 0.035%. Kraken and KuCoin also offer relatively low fees, with Kraken’s spot and margin fees ranging from 0% to 0.40%, while KuCoin keeps its fees between 0% and 0.10% for spot trading.
Bybit provides some of the lowest fees in the derivatives market, with futures trading fees starting from 0%.
Supported Cryptocurrencies and Trading Pairs
A diverse selection of cryptocurrencies and trading pairs allows traders to access a broader market and explore different investment opportunities. UEEx offers an extensive range of over 300 cryptocurrencies, making it a versatile platform. WhiteBit ensures liquidity for a wide variety of trading pairs, while Kraken and KuCoin further expand trading options, with KuCoin supporting an impressive 700+ cryptocurrencies, including many emerging altcoins.
Nexo, while more focused on lending and borrowing, still offers a curated selection of over 50 crypto assets and Bybit primarily caters to derivatives traders, providing access to key digital assets with high leverage options.
Alpaca, though primarily known for its stock trading services, supports over 20 cryptocurrencies, making it a suitable choice for you if you are interested in API-based trading.
Payment Methods and Fiat Support
| Exchange | Fiat Deposit Methods | Fiat Withdrawal Methods | Supported Fiat Currencies |
| UEEx | Bank transfer, Credit/debit card | Bank transfer | EUR, USD, GBP, and others |
| WhiteBit | Bank transfer, Credit/Debit card | Bank transfer, Credit/Debit card, SEPA | USD, EUR, GBP |
| Kraken | Bank transfer, Credit/debit card, Wire transfer, SEPA | Bank transfer, Wire transfer | EUR, USD, GBP, CAD, JPY, AUD, CHF and others |
| Nexo | Bank Transfer, Credit/Debit Card, Instant Bank Transfer | Bank Transfer, Credit/Debit Card (varies by region), Crypto Withdrawals | USD, EUR, GBP, and many others |
| KuCoin | Bank transfer, Credit/Debit Card, Apple Pay, Google Pay, P2P | Bank transfer, Credit/Debit Card, P2P | USD, EUR, GBP, and others |
| Bybit | Credit/debit card, P2P | Credit/debit card, P2P, Crypto withdrawals | USD, EUR, GBP and others |
| Alpaca | Bank transfer, ACH | Bank transfer, ACH | USD |
The ability to deposit and withdraw funds conveniently is another crucial factor when choosing an exchange. UEEx provides fiat support which allows you to deposit and withdraw funds using various payment methods. WhiteBit offers support for major fiat currencies, making it easier for you to transition between crypto and traditional finance.
Kraken provides one of the most extensive fiat support systems, accommodating multiple global currencies and offering bank transfers as well as other payment methods. KuCoin has limited direct fiat support and Nexo caters primarily to crypto lending and borrowing, but it allows fiat transactions. Alpaca, designed for both stock and crypto traders, supports USD as its primary fiat currency.
Leverage and Trading Features
If you are an advanced trader, you may look for exchanges that offer leverage, margin trading, and futures contracts to maximize your trading strategies. Leverage allows you to trade with borrowed funds, increasing potential profits but also adding risk.
UEEx stands out with its high-leverage trading options, offering up to 200x leverage. It also provides features like copy trading and the UE Coin Miner app, allowing you to earn its native token in an innovative way. As a result, UEEx offers the best leverage and trading features.
WhiteBit supports up to 100x leverage, Kraken, known for its security and regulatory compliance, provides up to 5x leverage, making it a safer choice if you are looking for moderate-risk margin trading. KuCoin offers extensive trading options, including futures with up to 100x leverage, staking, lending services, and margin trading.
Bybit, a derivatives-focused exchange, specializes in high-leverage trading with up to 100x leverage and advanced risk management tools.
Getting Started with UEEx in Mongolia
Ready to start trading with UEEx in Mongolia? Here’s a step-by-step guide to get you started on the platform:
1. Open an Account
Go to the official website of UEEx and click on “Sign Up” at the top right-hand corner of the homepage. Enter your email address or phone number with the country code and create a strong, unique password.
You will receive a verification code to confirm your email address or phone number. If you have an invitation code, enter it when opening the account so you’ll receive a commission.
2. Deposit Funds
You can deposit funds to start trading immediately. Go to the “Asset Management” section of the platform. Find the “Recharge” section under your chosen asset and select the crypto or fiat option you want to use.
Follow the on-screen instructions to complete the deposit process. The waiting time for the deposit to clear will depend on the cryptocurrency or fiat currency you used and the necessary block confirmations or deposit processing time.
3. Begin Trading
Now you’re ready to buy your first cryptocurrency! Explore the platform features and start trading. UEEx offers a user-friendly interface suitable for both beginners and experienced traders.
UEEx also offers unique features like the UE Coin Miner app, which allows you to mine UE Coin, the platform’s native token.
Conclusion
The best cryptocurrency exchanges in Mongolia for 2025 are outlined in this guide, which can help you find the best platform to suit your requirements.
Finding the right crypto exchange is crucial for a successful crypto trading journey. Your chosen exchange should meet your trading goals and priorities, whether that’s low fees or a wide variety of crypto assets. It should cater to your individual needs and preferences.
FAQs
1. Is cryptocurrency legal in Mongolia?
Yes. Cryptocurrency trading and exchanges are legal in Mongolia. The country implemented the Law of Mongolia on Virtual Property Service Providers (VPSP law) which came into force on December 17, 2021.
2. What are the trading fees on crypto exchanges in Mongolia?
Trading fees vary by exchange. For example, UEEx charges 0.09% for spot trading and 0.05% for futures. Other exchanges may provide discounts for high-volume traders or those using their native tokens.
3. Are crypto exchanges in Mongolia safe to use?
Reputable exchanges like UEEx, among others, implement strict security measures such as two-factor authentication (2FA), cold storage, and Proof of Reserves. Always use trusted platforms and enable security features to protect your assets.
4. Can I trade cryptocurrencies on my mobile device?
Yes, most major crypto exchanges, including UEEx, offer mobile apps for iOS and Android. These apps allow you to trade, monitor prices, and manage your account conveniently.
5. Which exchange is best for traders in Mongolia?
UEEx is the best overall as it offers some of the lowest trading fees, high-leverage trading and copy trading.
