Best Crypto Exchanges in Madagascar (2025)

What’s the easiest way to buy Bitcoin or trade other cryptocurrencies in Madagascar? With cryptocurrency adoption growing worldwide and Africa leading in peer-to-peer crypto transactions, Madagascar is slowly becoming part of the digital revolution. 

Finding the best crypto exchanges in Madagascar in 2025 is now important for traders, investors, and everyday users looking to access global financial opportunities, hedge against inflation, or send money across borders.

Read Also: Best Crypto Exchanges in Ethiopia (2025)

In this article, we’ll explore secure and user-friendly platforms tailored for the Malagasy market, highlight key features like local payment options and low fees, and guide you on how to start trading cryptocurrencies effortlessly.

Key Takeaways 

• Madagascar does not have specific regulations for crypto exchanges, but trading is allowed.
• Platforms like UEEx provide user-friendly features, making it simple to create an account, deposit funds, and start trading.
• Choosing the right exchange involves considering factors like security, fees, supported currencies, and payment methods.
• Cryptocurrencies like Bitcoin and stablecoins offer an alternative to protect against inflation in Madagascar.

Crypto Exchange	Best For	Available Assets	Trading Fee	Supported Cryptocurrencies	Unique Features	Security Features	Fiat Support	Max Leverage
UEEx	Overall Best	Over 200 crypto pairs and 87 stocks	Margin fee: 0.10%, Spot trading 0.09%, Futures trading 0.05%	BTC, ETH, SOL, and more	UE Coin Miner app Access to US and Hong Kong stocks	Two-factor authentication (2FA), cold storage, KYC/AML procedures	Supports fiat via credit cards, debit cards, Visa, Apple Pay	Up to 200x leverage
Gityer Exchange	Institutional services	Major Cryptos	Not specified	BTC, ETH, DOGE etc	Partnership with Madagascar’s Ministry of Commerce for “Tier 1” cryptocurrency custody and advanced services	Institutional-grade security measures	Supports Malagasy Ariary (MGA)	N/A
Coinbase	User-friendly interface	Over 200+ cryptocurrencies	Varies, but typically: Taker 0.60%, Maker: 0.40%	BTC, ETH, LTC, and more	Educational resources, staking rewards	Two-factor authentication, insurance coverage for digital assets	Supports fiat via bank transfers and credit/debit cards	Up to 20x
IG Markets	Reliability and comprehensive market offerings	17,000+	Charged through spreads; $15 minimum fee for share trading	Crypto CFDs	Seamless MT4 integration, advanced charting tools, educational resources, and market analysis	Regulated by FSCA, MAS, FMA, ASIC, FCA, BaFin, FINMA, DFSA, BMA, CFTC, NFA	Supports fiat for stock and forex trading	Varies depending on asset
Gate.io	Altcoin diversity	1,800+	0.1% Maker/Taker; discounts for GT holder	Extensive altcoins & DeFi tokens	NFT marketplace, cloud mining	Cold wallets, 2FA, audit compliance	50+ currencies	100x
Bitstamp	Reliability	70+	Maker fee: 0.30%, Taker fee: 0.40%, Withdrawal fees varies	BTC, ETH, SOL etc	Focus on institutional-grade services and reliability	2FA, Cold storage, multi-signature wallets	USD, EUR, GBP, CHF	N/A

1. UEEx – Overall Best

(Source: UEEx)

UEEx offers you a comprehensive cryptocurrency trading experience, catering to everyone from beginners to seasoned professionals. 

You gain access to diverse cryptocurrency markets, including spot trading (buying and selling crypto directly), margin trading (borrowing funds to amplify your trades), and derivatives like futures and options (for speculating on future price movements).

You’ll find UEEx provides a powerful trading interface equipped with charting tools, various order types, and real-time market data, empowering you to analyze market trends and execute your trades effectively.

UEEx focuses on advanced trading features designed to give you a competitive edge. You can use advanced order types like limit orders and stop-loss orders. For example, a stop-loss order automatically sells your cryptocurrency if the price drops to a specific level, protecting you from significant losses. Real-time market data and charting indicators further equip you to make well-informed trading decisions.

Apart from these core features, UEEx offers several key advantages. You can take advantage of copy trading, allowing you to automatically replicate the trades of successful investors. This can be particularly useful if you’re new to trading or want to learn from experienced professionals. 

UEEx also prioritizes your privacy with unlimited receiving addresses, giving you greater control over your transaction history. Anonymity functions further enhance your privacy while trading.

UEEx prioritizes the security of your funds. They implement robust security protocols, including cold storage (keeping a significant portion of crypto offline and away from potential online threats) and two-factor authentication (2FA) to strengthen your account security.

Finally, UEEx provides you with valuable educational resources and readily available customer support to assist you with any questions or issues you might encounter.

Pros

• You have access to spot trading, margin trading, and derivatives, offering you flexibility in your trading strategies. This means you are not limited to simply buying and selling crypto.
• You gain access to charting tools, order types, and market data to aid your trading analysis and execution. These tools can improve your ability to analyze the market.
• UEEx offers high leverage for margin trading, allowing you to potentially amplify your profits. However, this also magnifies potential losses.
• They implement security measures like cold storage and 2FA to protect your funds. This gives you greater peace of mind regarding the safety of your assets.
• UEEx generally offers competitive trading fees, which can be beneficial for active traders. Lower fees mean more of your profits remain with you.

Cons

• The platform and advanced trading features can be complex for new traders. You might need time to learn about the platform and its features.

Fee Structure

(Source: UEEx.com)

• UEEx charges a spot trading fee of 0.09% and a margin trading fee ranging from 0.10% to 0.08%. 
• Deposits and withdrawals in fiat currencies are generally free, though users should be aware of potential bank charges or third-party fees.
• Withdrawal fees depend on the asset. For instance, USDT-TRC20 costs 1 USDT. All charges are transparently outlined on the exchange.
• The platform offers crypto loans with a daily fee of 0.0599% and stock trading with a fee of 1.50%.

2. Gityer Exchange – Institutional Services

(Source: Gityer)

Gityer positions itself as a platform focused on institutional investors and providing secure custody solutions within Madagascar. They aim to bridge the gap between traditional finance and the emerging digital asset market within the region. 

Unlike typical retail-focused exchanges, Gityer emphasizes secure storage of digital assets and working with regulated financial institutions. This suggests that they primarily handle large transactions and offer services like secure vaults for holding cryptocurrencies. 

Gityer has also partnered with the Ministry of Commerce and Consumption in Madagascar, indicating a focus on regulatory compliance within the local market. This is a significant factor, as it shows that they are working within the established legal framework.

They aim to provide a reliable solution for institutions and potentially high-net-worth individuals who require secure storage and management of large cryptocurrency holdings. Because of this focus, information available to the public is limited, as their target audience is not the average retail trader. 

Pros

• Their core focus is on providing secure custody solutions, which is important for institutional investors managing large amounts of cryptocurrency. This gives you peace of mind regarding the safety of your assets.
• They cater specifically to institutional investors, offering services tailored to their needs, which is a unique offering in the Malagasy market. This means you have access to specialized services if you are an institution.
• Being based in Madagascar, they understand the local market and regulatory environment. This is valuable for businesses operating within the country.
• They are positioned to capitalize on the growing adoption of cryptocurrencies in Madagascar and the surrounding region.

Cons

• They probably do not offer advanced trading features like margin trading or futures, making them unsuitable for active traders.
• Their fee structure is not publicly available, making it difficult to assess the cost of their services.
• Given their focus on custody, their selection of supported cryptocurrencies might be limited to major assets like Bitcoin and Ethereum.
• Their services are likely not designed for small individual investors, focusing instead on larger institutional clients.

Fee Structure

• Publicly available information about their services and fees is limited, as they primarily target institutional clients. This makes it difficult for individual traders to assess their suitability.

3. Coinbase – User-friendly Interface

(Source: Coinbase)

Coinbase, a globally trusted cryptocurrency exchange established in 2012 and based in the United States, offers significant advantages to you as a citizen of Madagascar. 

Known for its secure platform and user-friendly design, Coinbase simplifies the process of buying, selling, and storing digital assets like Bitcoin, Ethereum, and many others, making it an excellent starting point if you’re new to crypto.

You’ll find Coinbase provides helpful educational tools and resources that empower you to make informed decisions. If you’re a Malagasy trader, Coinbase gives you access to a wide range of cryptocurrencies and advanced trading features within a secure trading environment thanks to their regulatory compliance and strong security measures.

Perhaps most importantly, Coinbase empowers you to overcome challenges often associated with limited or inaccessible traditional banking systems. 

You can send and receive funds across borders using crypto, connecting you to the global economy with ease, whether you’re using it for investment or remittances.

Pros

• You’ll find Coinbase’s platform intuitive and easy to navigate, regardless of your experience level.
• As a publicly traded company, Coinbase adheres to strict regulatory standards, giving you peace of mind.
• You can trade over 200 different cryptocurrencies, providing you with diverse investment opportunities.
• Coinbase empowers experienced traders like you with advanced trading options and secure wallet storage.
• Coinbase provides specialized services for institutional clients, offering deep liquidity and high-throughput APIs.

Cons

• You might find Coinbase’s transaction fees higher than the industry average, which could impact your profits, especially if you trade frequently.
• You’ll discover that Coinbase offers fewer staking opportunities compared to some competitors.
• Coinbase holds your private keys, meaning they have control over your crypto assets, which some users might find concerning.
• You should be aware that the company is currently under investigation by the SEC, which could be a factor in your decision.

Fees

(Source: Coinbase)

• Instant Purchases: Credit/debit card fees of 3.99%.
• Standard Transactions: 1.49%-2.99%, depending on the payment method.
• Spreads: Approximately 0.50%, varying with market conditions.
• Advanced Trading: Fees as low as 0.40% (maker) and 0.60% (taker), with discounts based on trading volume.

4. IG Markets – Reliability and Comprehensive Market Offering

(Source: IG Markets’s website) 

IG Markets is a well-established online trading platform offering access to a wide range of financial markets, including cryptocurrencies. 

Unlike some dedicated crypto exchanges, IG Markets primarily focuses on Contracts for Differences (CFDs). This means you don’t directly buy or sell the underlying cryptocurrency. Instead, you trade on the price movements of these assets. 

However, it’s important to understand that CFD trading involves leverage, which can amplify both profits and losses. IG Markets provides you with various trading tools, charting capabilities, and educational resources to help you make informed trading decisions.

They also offer access to other markets like forex, stocks, and indices, making it a versatile platform if you’re interested in diversifying your investments.

One key aspect of IG Markets is its regulatory oversight. They are regulated by several reputable financial authorities, which adds a layer of security and trust. This regulation requires them to adhere to strict standards regarding client fund protection and operational practices. 

This is important for you as a trader because it means your funds are held in segregated accounts, separate from the company’s operating funds. This protects your money in case of insolvency. 

You can access their platform through various devices, including desktop computers, mobile apps, and tablets. They offer different account types to cater to different trading styles and experience levels. 

Pros

• IG Markets is regulated by multiple financial authorities, offering you a secure trading environment. This regulatory oversight provides you with confidence and protection.
• You gain access to various markets beyond cryptocurrencies, including forex, stocks, and indices, allowing you to diversify your portfolio. This means you have more options for your trading activities.
• You have access to sophisticated charting tools, technical indicators, and analytical resources to aid your trading decisions. These tools can help you analyze market trends.
• IG Markets offers educational materials, webinars, and tutorials to help you improve your trading knowledge and skills. This is helpful for both beginner and experienced traders.
• You can access the platform through various devices, offering you flexibility and convenience. You can trade on the go or from your desktop.

Cons

• CFD trading involves leverage, which can magnify both profits and losses. You must understand the risks associated with leverage before trading.
• You do not own the underlying cryptocurrency when trading CFDs. This means you won’t have the benefits of holding actual crypto assets, like participating in staking or governance.
• IG Markets profits from spreads (the difference between the buy and sell price) and may charge overnight funding fees for holding positions open overnight. These costs can affect your profitability.
• The platform and CFD trading can be complex for novice traders. You need to invest time in understanding how CFDs work.
• While they offer popular cryptocurrencies, their selection might not be as extensive as dedicated crypto exchanges.

Fee Structure

(Source: IG Markets)

• IG Markets charges fees through spreads, which are competitive but vary depending on the asset. 
• There are no account, deposit, or withdrawal fees. However, an inactivity fee of $12 per month applies after two years of inactivity. 

5. Gate.io – Altcoin Diversity

(Source: Gate.io)

Gate.io has carved a niche for itself as a feature-rich cryptocurrency exchange catering to a broad spectrum of users, from beginners to seasoned traders. They provide access to a wide variety of cryptocurrencies, spot trading, margin trading, futures contracts, and other advanced financial instruments. 

This means you can buy and sell cryptocurrencies directly (spot trading), borrow funds to magnify your trading power (margin trading), or speculate on future price movements using contracts (futures). 

Gate.io boasts a user-friendly interface with various charting tools, order types, and market data to assist you in making informed trading decisions. They strive to deliver a comprehensive trading experience for those interested in exploring diverse crypto investment strategies.

A key aspect of Gate.io is its emphasis on catering to different experience levels. They offer a user-friendly interface suitable for beginners, along with advanced features like margin trading, staking, and lending options for more experienced users. This allows you to grow your knowledge and comfort level as you progress on your crypto journey. 

Also, Gate.io places a strong focus on security. They implement security measures like cold storage (keeping a significant portion of crypto offline) and two-factor authentication (2FA) to safeguard your assets. 

They also provide educational resources and customer support to address any questions or concerns you might have. 

Pros

• Gate.io offers a vast selection of cryptocurrencies, catering to a wide range of investment preferences. This gives you a broad choice when building your crypto portfolio.
• You have access to spot trading, margin trading, futures contracts, and other financial instruments, allowing you to tailor your trading strategy to your risk tolerance and goals.
• The platform is designed to be user-friendly, even for beginners. This makes it easier to navigate and execute trades, especially if you’re new to cryptocurrency exchanges.
• Gate.io offers features like margin trading, staking, and lending, which can be beneficial for experienced traders seeking to maximize their returns.
• Gate.io generally offers competitive trading fees, which can be advantageous for active traders. Lower fees mean you keep more of your profits.

Cons

• Gate.io’s regulatory landscape might be less clear compared to some established exchanges. This is a factor to consider if you prioritize a highly regulated environment.
• While the interface is user-friendly, some advanced features like margin trading or staking can be complex for beginners. It’s important to learn about them before using them.
• Depending on your location, fiat currency deposit and withdrawal options might be limited. This can be a factor if you plan on frequently converting between crypto and fiat.
• Gate.io occasionally offers promotional events that involve locking up their native token (GT) for a period. This can limit your ability to trade or withdraw funds during the lockup period.

Fee Structure

(Source: Gate.io) 

• Deposit is free for cryptocurrency deposits; third-party fiat deposits incur a fee of 1-5%.
• Withdrawal fees vary depending on the cryptocurrency (e.g., Bitcoin withdrawal fee is approximately $1.65).

6. Bitstamp – Reliability

(Source: Bitstamp’s Website)

Bitstamp, a reliable and secure cryptocurrency exchange, stands out for its user-friendly platform, strong fiat support, and robust security measures. 

What truly sets Bitstamp apart is its pioneering status as one of the first regulated cryptocurrency exchanges worldwide. 

Founded in 2011, it has solidified its reputation as a secure and dependable platform, particularly attractive to institutional investors who prioritize regulatory compliance, strong security, and transparency.

You’ll find Bitstamp particularly appealing if you’re a Polish trader, given its European roots and focus. Bitstamp offers bank-grade security and seamless fiat-to-crypto trading, supporting multiple fiat currencies for your convenience. This makes it a top choice if you value trustworthiness and ease of use in the crypto space.

If you’re a retail trader or an institutional investor, Bitstamp provides a trustworthy environment for all your cryptocurrency transactions.

Pros

• Reputable and well-known exchange
• Easy to use
• Good customer support

Cons

• Fewer advanced tools
• Limited coins

Fee Structure

(Source: Bitstamp) 

• Trading fees start at 0.50% for volumes below $10,000 and decrease to 0.05% for higher volumes.
• Deposit is free for most cryptocurrency deposits and SEPA bank transfers; 5% for card payments.
• Withdrawal fees cost €3 for SEPA withdrawals, 0.1% for international wire transfers, and varying fees for crypto withdrawals (e.g., 0.0005 BTC for Bitcoin).

Cryptocurrency is no longer the future; it’s the present

Why Use a Crypto Exchange in Madagascar?

Cryptocurrency exchanges play an important role in helping you buy, sell, and trade digital currencies. If you’re in Madagascar, there are several reasons why using a crypto exchange can be beneficial. Here are five reasons to consider:

1. Access to Global Financial Opportunities

Using a crypto exchange allows you to access global financial markets directly. If you’re in Madagascar, you may face challenges with traditional banking systems, like limited access to international currencies or services. 

Crypto exchanges bridge this gap by allowing you to buy popular cryptocurrencies like Bitcoin, Ethereum, or stablecoins such as USDT.

With platforms like UEEx or Coinbase, you can convert Malagasy Ariary into Bitcoin, which can be used for global transactions without the need for foreign exchange approvals.

2. Fast and Affordable Cross-Border Transactions

Crypto exchanges make it easy for you to send and receive money across borders quickly and at lower costs compared to traditional remittance services. 

For instance, if you want to send money to a friend or family member in another country, cryptocurrency provides a faster and cheaper alternative.

Instead of relying on expensive services like Western Union, you could use a crypto exchange to buy Bitcoin and transfer it to someone in another country within minutes.

3. Support for Local Payment Methods

Some crypto exchanges operating in Madagascar support local payment options, making it easy for you to deposit or withdraw funds. 

These options might include mobile money services like Orange Money or Airtel Money, which are widely used in Madagascar.

A local exchange allows you to trade cryptocurrency using payment methods you’re already familiar with, such as mobile airtime top-ups or local bank transfers.

4. Investment and Wealth-Building Opportunities

If you’re looking to grow your wealth, cryptocurrencies offer an alternative investment option. 

You can invest in digital assets that have the potential to grow in value over time by using a crypto exchange. While there are risks involved, you also have the chance to diversify your financial portfolio.

You can use exchanges like UEEx to invest in a variety of cryptocurrencies, from Bitcoin to newer tokens that may offer high returns.

5. Hedge Against Inflation and Economic Instability

In Madagascar, like in many other countries, inflation can erode the value of your savings over time. 

Cryptocurrencies like Bitcoin and stablecoins offer a way to protect your wealth. Using a crypto exchange, you can store your money in digital assets that aren’t directly affected by local economic instability.

For instance, instead of keeping all your savings in Malagasy Ariary, you could convert some into USDT (a stablecoin pegged to the US dollar) through platforms like UEEx.

Factors to Consider When Choosing a Crypto Exchange in Madagascar

Selecting the right cryptocurrency exchange is important for a secure and efficient trading experience. If you’re in Madagascar, here are five key factors to consider, using UEEx as an example:

1. Regulatory Compliance

Ensure the exchange operates legally within Madagascar and complies with international standards. UEEx is fully compliant with all relevant laws and regulations in Madagascar, prioritizing the security of your assets and personal information. 

2. Security Measures

Exchange	Insurance	Cold Storage %	Regulatory Status	Security Features
UEEx	Yes	93%	Licensed in the US and Canada	Multi-factor authentication, Access control with IP, and wallet whitelisting
Gityler Exchange	Yes	92%	Partnered with the Malagasy Ministry of Commerce	Multi-sig wallets, encryption protocols, and regular compliance audits
Coinbase	Yes	95%	Registered as a Money Services Business (MSB) with FinCEN in the US	Two-factor authentication (2FA), biometric logins, insurance for digital assets
IG Markets	Yes	90%	FCA regulated	Bank-grade security, encrypted transactions, and regulated by the Financial Conduct Authority (FCA)
Gate.io	Partial	89%	Limited EU presence	Multi-layer security, DDoS protection, cloud risk control, and 2FA
Bitstamp	Yes	98%	MiFID MTF license	Multi-sig wallets, Cloudflare protection, and compliance with global regulations

The safety of your funds should be a top priority. Look for exchanges that implement robust security protocols. UEEx employs industry-leading security measures, including advanced encryption and the separation of hot and cold wallets, to protect your assets. 

3. Range of Tradable Assets

Consider the variety of assets available for trading. UEEx offers over 200 active crypto pairs and more than 90 stocks, allowing you to diversify your investment portfolio. 

4. User Experience and Tools

A user-friendly interface and advanced trading tools can enhance your trading experience. UEEx provides features like copy trading, trading bots, and demo accounts, catering to both beginners and experienced traders. 

5. Fee Structure

Exchange	Trading Fees		Max Leverage
	Maker	Taker
UEEx	0.09%	0.09%	200x
Gityler Exchange	N/A	N/A	N/A
Gityler Exchange	N/A	N/A	N/A
Coinbase	Varies, but typically: Maker: 0.40%	Varies, but typically: Taker 0.60%	Up to 20x
IG Markets	Varies (based on spreads)	Varies (based on spreads)	200x (for CFDs)
Gate.io	Varies (based on trading volume and account type)	Varies (based on trading volume and account type)	Up to 125x
BitStamp	0.30%	0.40%	N/A

Transparent and competitive fees are essential to maximize your returns. UEEx boasts some of the lowest fees in Madagascar, with zero deposit fees and competitive rates for various trading activities.

Getting Started with UEEx in Madagascar

Starting your crypto journey with UEEx is straightforward. Here’s a step-by-step guide to help you create an account, deposit funds, and begin trading cryptocurrency in Madagascar.

1. Open an Account

Visit the official UEEx website and click “Sign Up” at the top-right corner of the homepage. Enter your email address or phone number (make sure to include your country code) and set a strong password.

If you have an invitation code, you can enter it during registration to earn a commission. Once your details are submitted, you’ll receive a verification code via email or phone. Enter this code to confirm your registration, and your account will be ready.

2. Deposit Funds

After creating your account, you can deposit funds to start trading. Go to the “Asset Management” section on UEEx. Choose whether you want to deposit cryptocurrency or fiat.

Under the “Recharge” option, select the currency or asset you want to deposit. Follow the instructions provided to complete the deposit process. The time it takes for your funds to appear will depend on the method you use (e.g., cryptocurrency network confirmations or fiat payment processing).

3. Buy Cryptocurrency

Once your account is funded, navigate to the “Trade” section on UEEx. Select the cryptocurrency you want to buy and choose an order type, such as a market or limit order.

Enter the amount of cryptocurrency you want to buy or the amount of fiat currency you want to spend. Carefully review your order details before clicking “Buy” to complete the transaction.

4. Transfer to a Wallet

To enhance the security of your cryptocurrency, consider transferring your funds to a personal wallet that you control. You can use a hardware wallet, like Ledger or Trezor, for long-term storage or a software wallet, like MetaMask or Trust Wallet, for convenience.

This step ensures you have full ownership and control of your digital assets outside of the exchange.

Are Crypto Exchanges Legal in Madagascar 

Madagascar has not enacted specific laws or regulations governing cryptocurrency exchanges. While operating or using crypto exchanges isn’t explicitly illegal, there is no formal legal framework to oversee such activities. 

Despite the absence of dedicated regulations, the Malagasy government has shown interest in the cryptocurrency sector. Also, the Ministry of Commerce partnered with Gityer Exchange to provide “Tier 1” cryptocurrency custody and advanced services. This collaboration indicates a move towards integrating digital assets into the country’s financial ecosystem. 

However, the lack of clear regulatory guidelines means that protections for consumers and investors are limited.

Conclusion 

Choosing the best crypto exchange in Madagascar in 2025 depends on your specific needs. Whether you prefer local exchanges for easy access to Malagasy Ariary or global platforms like UEEx and Coinbase for advanced features, there are plenty of options available. Consider factors like fees, security, payment methods, and user experience before making a decision.

Read Also: History of Top Cryptocurrency Exchanges

Remember to prioritize platforms that offer strong security measures and align with your trading goals. Once you’ve chosen the right exchange, you’ll be better equipped to trade cryptocurrencies confidently and securely in Madagascar.

FAQs About the Best Crypto Exchanges in Madagascar (2025)