Exchanges available to Syrians.

[Kavelj22]

Since the outbreak of the Syrian revolution in 2011, Western powers began imposing economic and financial sanctions on Syria in order to pressure the regime to hand over power and respond to the demands of the manifestors. Western allies found themselves forced to impose sanctions on Syria, including Arab countries that have common interests with Syria.

One of the most prominent of these sanctions is placing Syria on the list of unsafe countries, and thus its ranking was lowered as an unsafe country, and restrictions were imposed on companies and service platforms to stop providing their services to Syrians inside Syria. One of the most important of these companies is trading platforms, which are divided into several types:
- Platforms that complied with the restrictions and banned Syrians and prevented registration for all users in Syria.
- Platforms that did not pay attention to the matter and continued to benefit from the user base that increases with the continuation of the crisis, until they found themselves forced to stop their services due to the increasing pressure on them, especially the United States and licensing authorities.
- Platforms that still provide their services to Syrians, but with limited capabilities, such as decentralized platforms and some small centralized ones.

I searched a little and found only OKx, which can be considered a reliable platform with a position in the crypto market, which has not stopped providing its services to Syrians. I do not know what are the characteristics of this platform that allow it not to comply with international sanctions, knowing that OKx provides its services in many countries that are banned internationally, such as Iran, in addition to its activity in the United States, unlike most major platforms, some of which have an establishment license from the United States, but they are not allowed to provide services to Americans.

Today, after the regime has changed in Syria and the new regime has gained international acceptance and Syria has begun to regain its global position as a safe independent state (assumingly), and after we have seen major countries whose leaders visit Damascus and Syrian officials conclude cooperation agreements with countries that were the ones that imposed sanctions on them, when will we see trading platforms that allow Syrians to use their services without problems? Does anyone have information about platforms that have begun accepting new account registrations from Syria?

Share your thoughts.

[dkbit98]

Does anyone have information about platforms that have begun accepting new account registrations from Syria?

People from Syria can already use decentralized exchanges like Bisq, HavenoDex, Robosats and other p2p exchange, same as everyone else around the world.
There is no need to wait for approval of state for doing free trades, and I think they can also use centralized quick swap services like eXch for crtypto to crypto trading.

[Darker45]

I also searched a little and found out that Syria is on OKX's list of "Restricted Locations".^[1] I'm afraid the country is also on other centralized exchanges' list of restricted jurisdictions. I'm optimistic, however, that it will eventually be removed following the country's change of leadership. It won't happen overnight, though.

Syrians, however, aren't out of options. There are always non-custodial, KYC-free platforms that allow practically everybody to make exchanges from anywhere.

[1] https://www.okx.com/help/risk-compliance-disclosure

[examplens]

Today, after the regime has changed in Syria and the new regime has gained international acceptance and Syria has begun to regain its global position as a safe independent state (assumingly), and after we have seen major countries whose leaders visit Damascus and Syrian officials conclude cooperation agreements with countries that were the ones that imposed sanctions on them, when will we see trading platforms that allow Syrians to use their services without problems? Does anyone have information about platforms that have begun accepting new account registrations from Syria?

OK, the political reason for restricting Syria from financial flows has been removed, but politics is certainly not the only reason. The big question is what is the state of the financial system in that country and how long will it take for the system to return to normal functioning.
Before the trading platform, it is first necessary for the banking system to function, international payments for ordinary citizens...
In the meantime, dkbit98 has already suggested some solutions that are available to you no matter where you come from. In the end, this is the great advantage of cryptocurrencies

[Strongkored]

Reading in some online media that the new Syrian government is considering legalizing Bitcoin so that their economy can recover soon, so this could be a good signal for exchanges especially CEX to accept Syrians to trade there, but currently big exchanges like Binance even if you check OKX T&C Syria is still in the list of restricted countries but currently Syrians can use DEX.

[hugeblack]

Without removing Syria from the OFAC list^[1], political changes are meaningless, so hopefully the new government will reach agreements to remove Syria from the list. After removing the country from the OFAC list, contact these services, some of them may update their legal data and remove restrictions on Syrians. Otherwise, it is better to use real decentralized platforms or No KYC crypto exchanges.

[1] https://ofac.treasury.gov/sanctions-programs-and-country-information/syria-sanctions

[ABCbits]

Some member have mentioned DEX and CEX without any KYC. But it's limited to exchange between coin and token. If they wish exchange from/to fiat, they'll need to fiat financial service which accept Syria citizen and supported by the DEX or CEX.

[thomasthompsonhui27]

Try using Plutonex, it is a cryptocurrency and token exchange service, and there are very favorable conditions. I think it went well, everything is done conveniently. is not custodial. No deception and holding of funds. A relatively new exchanger. The exchange occurs immediately after receiving coins and the required number of network confirmations.

Share your thoughts.
[/quote]

[hugeblack]

Try using Plutonex, it is a cryptocurrency and token exchange service, and there are very favorable conditions. I think it went well, everything is done conveniently. is not custodial.

It is an unknown platform and has only 10 reviews on trustpilot^[1] which I think is fake, it is better to stay away from it.

It is better to stay away from any unknown platform (even if it accepts your country) and to stick to high liquidity platforms(even if your country is not available) or use DEX/well-known no-KYC CEX.

[1] https://www.trustpilot.com/review/plutonex.io