🇮🇶
Local MarketIQDRestricted
Crypto in Iraq
Iraq sees growing crypto adoption as an alternative to dinar instability.
500K+Users
~1%Adoption
$100M+ anualP2P Vol.
Top 35 GlobalRank
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🇮🇶Restricted
Iraq
Middle East · IQD
RestrictedLegal Status
500K+Users
~1%Adoption
Binance P2PTop Exchange
0%Max Tax
1Crypto Spots
Highlight
Iraq has 500K+ crypto users seeking stability amid dinar devaluation.
Regulation Timeline
2019
Central bank bans local exchanges.
2022
Massive P2P adoption growth.
2024
Regulation debate.
Regulatory Framework
Iraq has no crypto regulation. The central bank has banned local exchanges but P2P adoption grows significantly.
Available Exchanges
B
Binance P2PMain P2P platform in Iraq.
P
PaxfulP2P marketplace used in Iraq.
O
OKXGlobal exchange with Iraqi users.
How to Buy Crypto
1
Binance P2P > sign up.
2
Verify account.
3
Buy via IQD transfer.
4
Store in wallet.
Crypto Taxes
No specific tax regulation
Flat rate0%
Deductible
N/A.
Deadline
N/A
No specific tax framework exists.
Tax Estimator
$
Enter your gain
Type
No specific tax regulation
Deadline
N/A
Crypto Spots
📍
Baghdad Crypto GroupHub
BagdadCrypto group in Baghdad.
Crypto Communities
Iraq Crypto
TelegramIraqi crypto community with +10K members.
Comparison: Middle East
| Country | Users | Adoption | P2P Vol. | Status | Exchange |
|---|---|---|---|---|---|
| 🇮🇶 IraqYou | 500K+ | ~1% | $100M+ anual | Restricted | Binance P2P |
| 🇦🇪 United Arab Emirates | 4M+ | ~40% | $10B+ anual | Regulated | Bybit |
| 🇸🇦 Saudi Arabia | 4M+ | ~11% | $500M+ anual | Regulated | Binance |
| 🇮🇱 Israel | 3M+ | ~33% | $1B+ anual | Regulated | Binance |
| 🇧🇭 Bahrain | 100K+ | ~6% | $80M+ anual | Regulated | Rain |
| 🇰🇼 Kuwait | 150K+ | ~4% | $120M+ anual | Regulated | Binance |
| 🇶🇦 Qatar | 200K+ | ~7% | $150M+ anual | Restricted | Binance |
| 🇯🇴 Jordan | 150K+ | ~1% | $60M+ anual | Regulated | Binance |
| 🇴🇲 Oman | 100K+ | ~2% | $40M+ anual | Regulated | Binance |
Crypto Curiosities
✨Fact #1
Iraq has 500K+ active crypto users despite the ban on local exchanges.
Related Crypto News
Frequently Asked Questions
Is crypto legal in Iraq?
Local exchanges are banned but holding is not penalized.
Crypto taxes?
No specific tax framework.
How do Iraqis buy crypto?
Via Binance P2P using IQD bank transfers.
Why crypto in Iraq?
Dinar instability and need for international remittances.
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