8 Best Crypto Exchanges In Panama

Here’s something you may not realize: the cryptocurrency exchange you choose matters. Your choice will impact how profitable your trades are, how easily you can buy and sell coins, and whether you can use it in Panama at all.

Fortunately, I've been investing in crypto for more than 9 years, and I frequently update my list of the top platforms below. So if you’re looking for a safe and secure crypto exchange that’s easy to use, supports the Panamanian balboa, and is compatible with the biggest financial institutions in Panama, you’ve come to the right place.

Here are my top picks for the best crypto exchanges Panama has to offer.

1. Capital – Best Overall

Zero Fees

Trading fees: 0% Supports: 100+ coins Customer support: Excellent Trusted by millions.

★★★★★ Rated 4.9/5

Capital allows users to trade crypto alongside stocks, commodities, forex, market indices, ETFs and more—all without any trading fees. It supports 100+ cryptocurrencies, and users can trade with 2x leverage on crypto (up to 500x leverage on other assets).

Capital charges a tight spread ranging from 0.1% – 0.3% (depending on the asset), making the overall cost of using the platform (0% trading commissions + 0.1% – 0.3% spreads) very low. It has a fully functional desktop platform, a well-rated mobile app (4.7/5 on Android and iOS), and an excellent demo account where you can practice trading with real assets in real time.

Capital is licensed by the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) in the UK, which means it’s a safe, secure platform. Every user receives a dedicated account manager they can reach by email or phone anytime, which is part of the reason Capital’s customer support team receives such positive reviews.

Deposits and withdrawals are always free with Capital, and you’ll never pay trading commissions regardless of whether you place spot orders or limit orders. Capital is ISO 27001 certified for meeting robust information security standards, making it an extremely safe platform to trade with.

The biggest drawback of Capital is that it can take several days to have your account verified since their verifications team is overwhelmed with signups right now. If you sign up using my referral link, though, you can skip the waitlist and start trading immediately.

I’ve personally used Capital for more than 4 years, and based on my experiences and those of millions of other users, I can’t recommend it highly enough. 

Features

• Zero trading commissions
• Tight spreads (0.1% – 0.3%) 
• Supports 100+ cryptocurrencies
• Allows up to 500x leverage (2x leverage on crypto)
• Fully functional demo account for paper trading
• Free deposits and withdrawals via debit/credit cards, bank transfer, POLi, PayPal, Apple Pay, etc.
• Dedicated account manager you can reach at any time
• Excellent desktop trading platform
• Well-rated mobile app (4.7/5 on both Apple and Google)
• Licensed by the Australian Securities and Investments Commission (ASIC)
• ISO 27001-certified for meeting extremely high information security standards

Cost

• Trading fees: 0%
• Spreads: 0.1% – 0.3%
• Deposits & Withdrawals: Free

Signup Bonus

Skip the waitlist and have your account approved immediately by using my referral link below.

Best For

Investors looking for the best overall crypto trading experience with no trading commissions.

2. Kraken – Extremely Narrow Spreads

Best Overall

Fees: 0.16% Security: Best in class Customer Support: Excellent Top-notch security + lowest fees.

★★★★★ Rated 4.9/5

Based in the United States, Kraken is a highly transparent exchange with a longstanding history of reliability. As one of the largest crypto exchanges in the world, Kraken outperforms smaller exchanges for a number of reasons.

For starters, Kraken's fees are far lower than most other exchanges, with most users paying 0.16% per transaction (fees decrease down to 0% if you trade high volumes). Kraken's spreads are also absurdly low, typically around $0.10 per Bitcoin, which is 0.0003%. Compare that with other exchanges—which routinely charge up to 2% in trading commissions plus an additional 2% or more in spreads—and it's easy to see why Kraken is such a popular exchange.

Kraken also has better customer support than most other exchanges, and is one of the only exchanges out there that still offers telephone support (available in English, French and Spanish). It supports 100+ cryptocurrencies and has a world-class trading platform and mobile app that's powerful yet easy to use.

If that wasn't enough, Kraken's trading platform is professional and robust, offering features like NFT trading, staking and support for a wide range of fiat currencies including USD, EUR, and more.

Overall, Kraken is an excellent fit for many crypto investors because it has lower fees, better support and a better trading platform overall. If you're looking to start trading crypto, we strongly recommend Kraken.

Features

• Extremely low trading commissions (0.16%)
• Extremely low spreads (0.0003%)
• Trade 100+ cryptocurrencies
• Stake 100+ cryptocurrencies
• Simple, intuitive user interface
• Kraken Crypto Watch allows you to keep track of the crypto market
• NFT trading inside the Kraken app
• 24/7 customer support via phone, email and live chat
• Plenty of free educational resources available to users
• 95% cold storage policy

Cost

• Trading Fees: 0.16% (spot trades cost 0.26%)
• Spreads: 0.0003%
• Fiat Deposit Fee: 0%
• Fiat Withdrawal Fee: $0 – $5 USD

Best For

Cryptocurrency investors looking to trade with extremely low fees.

3. Bybit

Bybit is a crypto exchange with a wide range of trading tools, and it is one of the few exchanges that offers access to crypto derivatives, such as futures. Its trading fees start at 0.1%, and withdrawal fees vary depending on the cryptocurrency.

Bybit supports 15 of the largest cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. Additionally, it stores 100% of your funds in cold storage, and reviews each withdrawal request to prevent unauthorized transactions. 

As a new Bybit user you’ll receive a $40 bonus after funding your account. You also have the option to place up to 100x leverage on your crypto trades.

Features

• Advanced trading options
• Supports 15 cryptocurrencies
• 100x leverage on crypto
• Access to charts and data
• Demo account and test-net environment
• Educational resources
• 24/7 multilingual customer support available 
• Instant account verification

Cost

• Account Opening: Free
• Trading Fees: From 0.1% to 1.0%
• Withdrawal Fees: Depends on the currency
• Derivatives Fees: From 0.01% to 0.06%
• Maker’s Rebate: 0.025%
• Taker’s Fees: 0.075%

Signup Bonus

None

Best For

Knowledgeable investors looking for crypto trading, top-level security and derivatives.

4. KuCoin

KuCoin is a cryptocurrency exchange that began operations in Hong Kong in 2017 and bills itself as “The People’s Exchange.” Its objective was to offer a simple and secure platform for crypto investors, and it has been a success: in just four years it has attracted over 8 million users.

Besides buying and selling crypto, KuCoin supports four market order types as well as margins, futures, and P2P trading. KuCoin Trading Bots are one of its biggest features, allowing users to invest on autopilot using dollar-cost averaging.

New KuCoin users will receive a $10 sign-up bonus, and if you’re willing to freeze your crypto for a short period you can earn up to 10% in interest. KuCoin takes security seriously, with features like multi-factor authentication, encryption, and an additional trading password.

Features

• Users can also get trading fee discounts based on their KuCoin Token (KCS) balance.
• Margin Trading
• Crypto Staking, earn up to 10% interests
• KuCoin Trading Bots, invest on autopilot using dollar–cost averaging
• Supports 600+ cryptocurrencies
• Supports market, limit, stop-limit, and stop-market order types

Cost

• Trading Fees: From 0.0125% to 0.1%
• Makers Fees: From 0.0125% to 0.1%
• Takers Fees: From 0.0125% to 0.1%
• Deposit Fees: Free
• Withdrawal Fees: Depends on the coin (For BTC: 0.0005 BTC)

Signup Bonus

$10 signup bonus

Best For

Investors looking for a very secure platform, different market tools, and trading bots.

5. Kraken

Founded in 2011, Kraken supports 87+ cryptocurrency assets and various order types (including stop loss and stop-limit orders). As a US-based exchange, Kraken has to meet extremely demanding security protocols, making it a highly secure exchange.

Intermediate and Pro users can trade futures contracts and use up to 5x leverage on 30+ cryptocurrencies. It keeps 95% of its crypto holdings offline in cold storage and has a Global Settings Lock (GSL) and Master Key system that blocks unauthorized changes to your account, even if your password and 2FA are compromised.

Kraken's fees range from 0.16% for makers to 0.26% for takers and decrease if you've traded more than $50,000 in the previous 30 days. It provides price data for digital assets to the Bloomberg Terminal and is accessible in more than 175 countries, making it one of the most international crypto exchanges worldwide.

Kraken offers a staking platform on 17 assets (including the US dollar). However, at a maximum APY of 23%, it pays lower interest than some other staking providers (e.g., just 0.25% APY on Bitcoin).

Features

• Supports 87+ cryptocurrencies
• 95% cold storage policy
• Well-rated mobile app (4.7/5 on iOS, 4.2/5 on Android)
• 24/7 live chat and email support
• Cryptowatch and custom alerts make tracking the entire market easy
• 24/7 customer support via phone, live chat, and email
• Deposit methods include bank transfers (PayID), wire transfers, OSKO, Apple Pay, Google Pay, SWIFT, SEPA, and cryptocurrency

Cost

• Maker fees: 0.16%
• Taker fees: 0.26%
• Crypto credit card purchases: 3.75% + €0.25
• ACH crypto purchases: 1.5%

Best For

Cryptocurrency investors looking for crypto exchanges with a wide array of supported altcoins and stablecoins.

7. Coinbase

Coinbase is an American cryptocurrency exchange that was originally founded in 2012. It’s based in San Francisco and it’s one of the oldest cryptocurrency exchanges in the world. It’s also the second-largest crypto exchange in the world, the first being Binance.

Coinbase was designed to be one of the easiest places to buy, sell, and trade cryptocurrency, and it serves retail investors, businesses, and institutions alike. The sign-up process is quick, and after you create your account, you will gain access to your personal online wallet.

Originally, Coinbase only supported Bitcoin, but it now supports over 100 of the biggest cryptocurrencies like Bitcoin, Bitcoin Cash, Cardano, Ethereum, and Litecoin. As a new user, you will receive a $10 bonus, and trading fees range from $0.99 to $2.99 for trades below $200 and from 1.49% to 3.99% for trades over $200.

Features

• Supports 100+ cryptocurrencies
• Coinbase Pro, access to research tools and graphs
• Coinbase Earn, earn crypto for free by watching tutorials
• Manage your crypto from your phone with the Coinbase Wallet app
• Secure platform, Biometric auth, 2FA and access to Secure Enclave
• User-friendly for both beginners and advanced traders
• Earn rewards by staking certain coins

Cost

• Account Opening: Free
• Purchase Fees (Below $200): Flat fee, from $0.99 to $2.99 per transaction.
• Purchase Fees (Over $200): 1.49% (US banks), 3.99% (Debit Card and PayPal)
• Credit Transaction: 2% 
• Bank Account:1.49%
• Wire Transfers: From $10 to $25
• ACH Transfer: Free

Signup Bonus

$10 signup bonus

Best For

New investors looking for an easy-to-use platform or for veteran investors looking for advanced research tools.

8. Bit2Me

Bit2Me is a highly regulated crypto exchange based in Alicante, Spain. Bit2Me is part of a very select group of crypto exchanges: it offers FDIC insurance for up to €250,000, through its partnership with the largest banks in Spain, like ING Direct, Abanca, Caja Popular, and Bankinter.

Bit2Me supports over 70 of the largest cryptocurrencies, including Bitcoin, Bitcoin Cash, Dash, Ethereum, and Litecoin. It allows fiat-to-crypto purchases so it’s ideal for new investors looking to buy their first crypto, and assets are kept offline in cold storage, for added security. 

As a new Bit2Me user, you'll receive a €5 bonus after your first purchase, and with its referral program, you can earn up to $1,000 by inviting friends and family.

Features

• Bit2Me Card
• Supports 70 cryptocurrencies
• Compliance with IBAN payment protocols
• Supports fiat-to-crypto trades
• Educational programs for new investors
• Insured and your assets are stored in cold storage
• ATMs available across Europe
• API Integration and real-time alerts

Cost

• Trading Fees: 0.95%
• Debit/Credit Card Deposit: From 1.99% to 4.99%
• Maker’s Fees: From 0.16% to 0.0% (based on volume)
• Taker’s Fees: From 0.26% to 0.1% (based on volume)
• Bank Wire Deposit: Free
• TIKEBIT Deposit: Free
• SEPA Account Withdrawal: Free

Signup Bonus

€5 signup bonus

Best For

Investors looking to invest in their first crypto and looking for a secure platform.

What To Look For In A Great Panamanian Crypto Exchange

I consider many different factors in my search for the best Panamanian crypto exchange. Here are just a few of the more prominent ones:

• Supported coins: The best Panamanian crypto exchanges support a wide variety of coins—at least 20 or 30—including all the major coins like Bitcoin, Ethereum, and Dogecoin. Platforms that add new coins regularly tend to be more customer-focused overall, making this a strong indicator of a forward-thinking exchange.
• User interface: Choosing a platform with an easy-to-use trading interface is important, especially for beginners. If you're a seasoned crypto investor, you'll also want to look out for exchanges that offer more advanced features like advanced order types and transaction exports for tax purposes.
• Fees: All crypto exchanges charge fees (both in the form of trading commissions and bid-ask spreads), and they can vary by a wide margin. I've specifically chosen low-fee platforms here to help you maximize your profits.
• Regulation: It's much safer to trade with a well-regulated exchange than an unregulated one, especially when markets aren't moving in your favor. Depositors' insurance is another safeguard offered by some exchanges, which keeps your assets safe even if the platform itself faces liquidity issues.
• Deposit & withdrawal options: The exchange you choose should offer a variety of payment methods (bank transfers, debit/credit cards, PayPal, etc.) to ensure you can easily transfer funds in and out of your account. The more options you have, the better.
• Security: Look for an exchange that strictly enforces multiple layers of security, such as two-factor authentication and at least 95% cold storage. Additional security measures like daily offsite backups, third-party security audits, and email confirmations on transactions make your account even more secure.
• Customer support: The best crypto exchanges pride themselves on having well-trained, responsive support teams who can help users through any problems that come up. I pay particular attention to the channels each exchange offers support through, response times, the thoroughness and helpfulness of their responses, and user feedback on the customer support they've received.

In Summary

Choosing the best cryptocurrency exchange in Panama isn’t easy, given all the options out there and the different features each of them offers. As an avid crypto investor myself, I diligently keep up with the movements of the top exchanges in Panama, and have made my selections below based on years of research and personal experience.

Capital is the favorite among knowledgeable Panamanian crypto investors, both for its high level of security and for its ease of use. Capital's fees are also extremely low, so if you’re looking for a secure, cost-effective way to buy and sell crypto in Panama, I can’t recommend Capital highly enough.

Best Crypto Exchange Panama FAQs

Which Panamanian crypto exchange has the lowest fees?

The Panamanian crypto exchange with the lowest fees is Capital or Kraken, depending on the specific crypto assets you're trading. In most cases, Capital will be the cheapest option.

What’s the best crypto wallet in Panama?

The best crypto wallet is the Ledger Nano S hardware wallet. It is the best way to keep your private keys secure and, more importantly, offline. All Ledger wallets are certified by the French National Agency of Security and are among the safest and most cost-efficient wallets out there, and they support 1,200+ crypto assets, coins, and tokens.

What’s the best altcoin exchange in Panama?

The best altcoin exchange in Panama is one of Capital, Kraken, or Bybit. All of them support a wide variety of cryptocurrencies and regularly add more of the altcoins Panamanian investors are looking for.

What is the safest crypto wallet in Panama?

The Ledger Nano S is the safest wallet available today. All Ledger wallets far exceed industry standards for security: they use tamper-resistant Certified Secure Element (SE) with Common Criteria (CC) EAL5+ chips on their nanodevices, which means your private key stays on the secure chip. It also has a proprietary operating system called Blockchain Open Ledger Operating System (BOLOS) that's successfully undergone audits from the French National Agency of Security, many other government agencies, as well as regular audits from independent security organizations. 

What’s the safest crypto exchange in Panama?

The safest cryptocurrency exchange in Panama is Capital. They strictly enforce bank-level security protocols, run on servers in secure locations around the world, and undergo frequent financial and security audits to ensure all of their users’ assets are completely safe. They also have some of the lowest fees of any platform in Panama and are known for being a reputable, trustworthy exchange.

How Can I Sell Bitcoin In Panama?

There are several different ways to sell Bitcoin in Panama, though the easiest is to sell it directly from the crypto wallet or exchange that you’re holding it on. Remember to be cautious whenever you transfer coins between wallets, since blockchain transactions are irreversible.

What crypto exchange is best for beginners in Panama?

The best crypto exchange for beginners in Panama is Capital, followed by Kraken. Both are ideal for beginners because they verify accounts instantly, have easy-to-use trading platforms, and provide great customer support in case you need any help along the way.

Is cryptocurrency legal in Panama?

Yes, cryptocurrency is legal in Panama, and you can buy, sell and use crypto without breaking the law. However, cryptocurrency is not currently considered legal tender in Panama, which means the Panamanian government and Panamanian businesses are not legally obligated to accept it as payment for goods and services.

What’s the best crypto app in Panama?

The best crypto app in Panama is Capital. Its mobile app is very easy to use, has a nice, modern interface, and has very good ratings and reviews on both the Apple App Store and the Google Play Store. If you live in a country like Papua New Guinea or Palestine instead, you’ll have to double-check to ensure you can get the Capital app in your local app store.

What is the best crypto exchange for day trading in Panama?

The best crypto exchange for day trading in Panama is Capital, since it has low trading fees, tight spreads, and its prices update multiple times per second, giving day traders an upper hand over the rest of the market.

Can the Panamanian government track cryptocurrency?

Yes. Just like in places such as Mexico, Chile, Jamaica and the Dominican Republic, Panamanian tax authorities can track cryptocurrency trades and transactions—and not only when your digital assets interact with real-world institutions like banks. Some exchanges in Panama are required by law to provide the government with information about their users’ transactions, including purchase price, purchase date, sale value, and all associated KYC data. If your tax returns don’t match the data the government receives from these exchanges, you may receive a fine.