9 Best Crypto Exchanges In Grenada (Aug 2022)

June 29, 2022
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Best Crypto Exchanges Canada

Choosing the best cryptocurrency exchange in Grenada 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 Grenada, and have made my selections below based on years of research and personal experience.

Capital is the favorite among knowledgeable Grenadian 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 Grenada, I can’t recommend Capital highly enough.

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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 Grenada 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 East Caribbean dollar, and is compatible with the biggest financial institutions in Grenada, you’ve come to the right place.

Here are my top picks for the best crypto exchanges Grenada 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 stockscommodities, 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’s desktop platform and mobile app are well-designed and easy to use by beginners and advanced traders alike.

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.

Best For

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

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Zero trading fees

2. Pursa

Pursa is different than most crypto exchanges on this list. It is a Cameroon-based peer-to-peer (P2p) cryptocurrency exchange that was founded in 2017 by Mbuh Jude, with the goal to release a fully decentralized trading platform. When you use Pursa you don’t make any deposit to the platform – you actually trade directly with the buyer. 

Using this kind of platform has many benefits compared to regular exchanges; for starters, Pursa doesn’t charge deposit or withdrawal fees – you only pay spreads, which range from 1% – 3%, and there is no registration process. Transactions are completed instantly and anonymously and deposited directly to your wallet.

Pursa is supported in over 200 countries and has an attractive referral program: you can earn up to 20% of all sales your referee makes – with no limits. You can invite as many friends as you want. One major downside is that you can only trade Bitcoin using this platform.

Features

  • Supports (only) Bitcoin
  • No deposit or withdrawal fees
  • No registration needed
  • Instant Bitcoin deposits directly to your wallet
  • Completely anonymous
  • Attractive referral program (earn 20% of your referees’ sales)

Cost

  • Spreads: 1% – 3%

3. Paxful

Paxful is a New York-based cryptocurrency exchange that was first launched in 2015. Founders Ray Youssef and Artur Schaback had in mind an exchange that could bridge the gap and make crypto available for all kinds of investors. As of 2022 Paxful has over 6 million active users all around the world.

Paxful supports over 350 payment methods, making it one of the most accessible exchanges out there, and one of the top exchanges in the Southeast Asia region. Its biggest limitation is that it only supports 3 cryptocurrencies, BTC, ETH and USDT, but it makes up for it with very high liquidity and low fees.

For new investors, Paxful offers a learning platform called Paxful University, where beginners can learn all about crypto. For experienced investors, there’s a news section detailing all the major changes in the crypto market. All trades in Paxful are secured using an Escrow protocol.

Features

  • Supports 3 cryptocurrencies
  • 350+ payment methods supported
  • Paxful University, a learning platform
  • All trades secured with Escrow Protocol
  • Over 6 million users
  • Paxful Wallet, free crypto wallet

Cost

  • Selling Fees: 0.5%
  • Buying Fees: Free
  • Crypto Conversion Fee: 0.5%
  • Deposit Fees (Bank Transfer): 0.5%
  • Deposit Fees (Credit/Debit Cards): 1%
  • Withdrawal Fees (Crypto): Depends on the crypto (0.0004 BTC for Bitcoin) 

Signup Bonus

60% rebates and commissions when you sign up using this link.

Best For

Investors looking for a high-liquidity exchange to trade BTC, ETH, or USDT.

Start trading in the next 6 minutes

Capital is the only fully regulated investing platform that allows users to trade with zero commissions. Join 1+ million thoughtful investors on our #1-rated trading platform of 2022.

Click below to skip the waitlist and open your free account. Offer closes August 17, 2022.
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Offer ends August 17, 2022.

4. Symlix

Symlix is a crypto marketplace where users can trade over 100 of the largest crypto assets, including Ethereum, Bitcoin, Dogecoin and BNB. It works using a very secure escrow system where crypto assets are locked before the transaction is completed – and released only when the crypto assets (or fiat) are received by the seller.

Symlix is completely free for buyers – in fact, only sellers have to pay a fee, and that is the transaction fee for listing their assets. This fee will vary with the cryptocurrency, but it’s well below 1%. Additionally, after you sign up with Symlix you will gain access to a real-time portfolio value tracker to track all your gains in one place.

Symlix supports over 100 payment methods from across the globe, and their customer support is available 24/7 to help you complete your trades. All crypto assets are stored safely in cold storage, and if you want to earn some extra crypto you can become an escrow agent and speed up transactions to earn a commission.

Features

  • Supports 100+ cryptocurrencies
  • Helpful customer support available 24/7
  • 95% of crypto assets are stored securely in cold storage
  • Over 100 payment methods
  • Access to a real-time portfolio crypto value tracker

Cost

  • Spreads: 1%
  • Trading Fees: Free
  • Maker’s Fees: 1%
  • Taker’s Fees: Free

5. SpectroCoin

SpectroCoin was launched in 2013 and is one of the oldest crypto exchanges. It supports 49 of the biggest cryptocurrencies, including Bitcoin (BTC), Polygon (MATIC), and Polkadot (POL). It also supports 14 of the biggest payment methods, including SEPA, Skrill, and Neteller.

SpectroCoin doesn’t charge any fees for maker’s – in fact, makers get paid up to 0.1% for listing their crypto in the market. Taker’s, on the other hand, pay a flat 0.1% fee for every trade. Depositing crypto is completely free, and withdrawing incurs only network fees (0.0005 BTC for Bitcoin). 

SpectroCoin’s supports collateralized loans with competitive APR (8.55% for BTC) and up to 75% LTV. That means you can consider other investments without ever losing your long position on crypto assets. They also released a crypto debit card, which can be topped up with fiat or crypto and is accepted anywhere Visa is.

One of SpectroCoin’s downsides are its strong ties with the BNK token – holding the tokens is a must if you want to access lower trading fees and lower APR on loans. Their fiat deposit/withdrawal fees can also be very high, going up to 5.5% depending on the payment method. 

Features

  • Supports 49 cryptocurrencies
  • SpectroCoin Visa Debit Card
  • Crypto loans using your crypto as collateral (8.55% APR for BTC)
  • Get paid for increasing liquidity in the market
  • Up to 75% LTV on crypto loans
  • Available in Android (3.7/5 rating) and iOS (2.9/5 rating) 

Cost

  • Maker’s Fees: From 0% to -0.1% (based on BNK holdings)
  • Taker’s Fees: 0.1%
  • Deposit Fees (Crypto): Free
  • Withdrawal Fee (Crypto): Depends on the cryptocurrency (0.0005 BTC for Bitcoin)
  • Deposit Fees (Fiat): Up to 5.5% (depending on the method)
  • Withdrawal Fee (Fiat): Up to 5.5% (depending on the method)

Best For

Investors who can take advantage of collateralized loans.

6. CoinField

CoinField is a Canadian cryptocurrency exchange available in 187 countries. CoinField was founded in 2018 and supports 20+ of the most established cryptocurrencies, dozens of trading pairs, and six fiat currencies, including USD, EUR, and CAD.

CoinField has its own native token, the CoinField Coin (CFC). Users can stake their CFC tokens and earn from 5% to 15% APY, depending on the Staking Program you choose. The main difference between the programs is the lock-in period – from 6 months to 24 months -and for the longer programs, assets are hard-locked, and you can’t withdraw early. Staking rewards are paid out daily, and as a bonus, CFC holders get up to 50% in trading fee rebates when using the exchange. 

Additional CoinField features include an OTC trading desk for high-volume traders, a real-time list of up-and-coming, promising altcoins, and an NFT Marketplace (to be released soon). In terms of security, CoinField uses a combination of multi-signature and cold storage wallets stored in geo-diversified servers. They also conduct regular audits by third parties to ensure no vulnerabilities.

Features

  • Supports 20+ cryptocurrencies
  • Access to an NFT Marketplace
  • Multi-signature and cold storage policy
  • Up to 15% APY on CFC deposits
  • Very secure geo-diversified servers
  • Mobile app available on Android (rated 4.3/5) and iOS (rated 4.4)

Cost

  • Maker’s Fees: From 0.15% to 0.0% (based on 30-day trading volume)
  • Taker’s Fees: From 0.25% to 0.02% (based on 30-day trading volume)
  • Deposit Fees Debit Card: 2.95%
  • Withdrawal Fees Interac e-transfer: 2%
  • Deposit Fees (Crypto): Free
  • Withdrawal Fees (Crypto): Depends on the crypto (0.002 BTC for Bitcoin)
Start trading in the next 6 minutes

Capital is the only fully regulated investing platform that allows users to trade with zero commissions. Join 1+ million thoughtful investors on our #1-rated trading platform of 2022.

Click below to skip the waitlist and open your free account. Offer closes August 17, 2022.
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Offer ends August 17, 2022.

7. Okcoin

Launched in 2013, OKCoin is a California-based American exchange with over 100,000 crypto investors across 190+ countries. It supports 70+ crypto assets, including the biggest like Bitcoin and Ethereum, but also altcoins and lesser-known blockchain protocols.

OKCoin doesn’t charge trading fees – instead, it uses a volume-based fee system, where makers are charged 0.1% – 0.0% (based on the last 30-day trading volume) and takers are charged 0.2% – 0.02%, also based on volume. 

OKCoin is available worldwide and supports SEPA payment deposits in Europe and electronic fund transfers (using the ACH network) in the US. Among OKCoin’s best features are its staking platform, where investors can lock in one of the supported cryptos (for a fixed term) and earn up to 17% APY, depending on the asset (10% for BTC).

Fiat deposits using debit cards are on the high side – you can end up paying up 3.99%, so it’s recommended, whenever possible, that you use a different deposit method. OKCoin is licensed in the US and registered with the Financial Crimes Enforcement Network (FinCEN).

Features

  • Supports 70+ cryptocurrencies
  • Quick verification process
  • Set up automatic purchases using dollar-cost averaging
  • Available on Android (4.1/5 rating) and iOS (4/5 rating)
  • OKCoin Earn (Up to 10% APY on BTC deposits)

Cost

  • Trading Fees: Free
  • Spread: 1% – 1.5%
  • Maker’s Fees: From 0.1% to 0.0% (based on trading volume)
  • Taker’s Fees: From 0.2% to 0.02% (based on trading volume)
  • Debit Card Deposit Fees: 3.99%

8. Bity

Founded in 2014, Bity is a Switzerland-based crypto exchange; its primary goal is to make crypto accessible to everybody, with little to no restrictions. To sign up with Bity you don’t have to complete an ID verification, just with your phone number you can start trading.

Bity is regulated by the Swiss Regulatory Authority and is in compliance with Anti-Money Laundering regulations (AML) and is regularly audited by the KPMG. Trading fees start at 3% and through the Bity Dashboard, you can keep track of your history of transactions – all in one place.

As a new Bity user, you will receive a $40 bonus upon completing your first trades. Bity currently supports fiat money-to-crypto for both BTC and ETH. Bity is a great choice if you’re looking to buy your first crypto with fiat money; you can then transfer to exchanges with more coin offerings.

Features

  • Extremely low trading fees 
  • Bity Dashboard, keep track of all your transactions in one place
  • Quick transactions, you can store your IBAN and crypto addresses
  • ID verification not required to trade
  • Create your own API tokens
  • Customer support available through chat
  • Fiat money to Crypto 
  • Crypto to Fiat money
  • AML compliant 

Cost

  • Account Opening: €10
  • Selling Fees: From 3% to 8%
  • Purchasing Fees: From 3% to 8%
  • Deposit Fees: Depends on the currency
  • Bank Wire Withdrawal: Depends on the currency

Signup Bonus

$40 bonus when you sign up using this link.

Best For

Investors looking to invest in Bitcoin (BTC) or Ether (ETH) using fiat money.

9. LocalBitcoins

LocalBitcoins

LocalBitcoins takes a different approach than most of the others on this list: rather than trading with the broader market, you actually buy and sell with individual traders. It’s earned a loyal user base for its overall ease of use, and it’s one of the oldest cryptocurrency marketplaces around today.

The main reason I like LocalBitcoins, though, is for its low barrier to entry. Since you’re trading with other people, not with LocalBitcoins itself, it’s easy to get your account verified and start making trades.

LocalBitcoins users do need to proceed with caution, though; it’s possible to get scammed by other users on the site, especially when selling Bitcoin for cash. One common scam, for example, is a buyer who pays you via PayPal and then files a PayPal dispute once they’ve received your Bitcoin. Other payment methods (eg. INTERAC transfer and bank wires) are much more secure, but still, be careful. If it seems too good to be true on LocalBitcoins, it probably is.

Features

  • Easy to use
  • Very easy to start trading
  • Low transaction fees
  • Deposit Australian dollars via bank transfer, INTERAC, Moneygram, Wise, PayPal, ATM deposit, and more

Fees

  • Trading fees: 0.00006 BTC flat fee per transaction
  • Depositing funds: Free
  • Withdrawing funds: Free

Best For

Investors looking to trade Bitcoin quickly and easily.

Why you should trust me

  • Experienced
    I bought my first cryptocurrency (Bitcoin) in 2013, bought Ethereum in 2017, and have held active accounts with at least 5 exchanges since 2018.
  • Unbiased
    All of my selections are supported by multiple data points, including crypto thought leaders, security experts, and TrustPilot reviews.
  • Deep Research
    My team and I spent more than 20 hours researching exchanges before choosing our top picks, and we update them almost daily as the industry continues to change.
My top pick →

What To Look For In A Great Grenadian Crypto Exchange

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

  • Supported coins: The best Grenadian 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 Grenada 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 Grenada, and have made my selections below based on years of research and personal experience.

Capital is the favorite among knowledgeable Grenadian 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 Grenada, I can’t recommend Capital highly enough.

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Best Crypto Exchange Grenada FAQs

Which Grenadian crypto exchange has the lowest fees?

The Grenadian crypto exchange with the lowest fees is Capital or Pursa, 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 Grenada?

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 Grenada?

The best altcoin exchange in Grenada is one of Capital, Pursa, or Paxful. All of them support a wide variety of cryptocurrencies and regularly add more of the altcoins Grenadian investors are looking for.

What is the safest crypto wallet in Grenada?

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 Grenada?

The safest cryptocurrency exchange in Grenada 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 Grenada and are known for being a reputable, trustworthy exchange.

How Can I Sell Bitcoin In Grenada?

There are several different ways to sell Bitcoin in Grenada, 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 Grenada?

The best crypto exchange for beginners in Grenada is Capital, followed by Pursa. 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 Grenada?

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

What’s the best crypto app in Grenada?

The best crypto app in Grenada 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 Guam or Greenland 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 Grenada?

The best crypto exchange for day trading in Grenada 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 Grenadian government track cryptocurrency?

Yes, Grenadian 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 Grenada 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.

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