how to buy bitcoin in dubai

And if you’re a new user, you can earn up to 30% APY in the first 3 days. Dubai is promising to become one of the leading global communities in cryptocurrency and blockchain. Already, there is a significant amount of crypto companies and start-ups that are operating within the Free Trade Zone DMCC in Dubai. The expectation expenses and benefits: loans offered to workers is that this situation will change, seeing the recent progress of cryptocurrency regulation in Dubai. But for now, according to CoinATMRadar, there are no Bitcoin ATMs in Dubai. While there is acceptance of Bitcoin and cryptocurrency companies in general, this does not seem to translate for Bitcoin ATMs in Dubai.

How to Buy Bitcoin in Dubai, UAE

Regulated cryptocurrency exchanges are the best way to buy Bitcoin in UAE safely, and there are enough reasons for asserting so. Yes, it is legal to buy Bitcoin and other digital currencies in the United Arab Emirates (UAE). According to recent regulatory developments, the UAE government has established the Dubai Multi Commodities Centre (DMCC) to regulate any trading activities related to digital currencies.

Bitcoin Market Data

how to buy bitcoin in dubai

Like other apps and platforms on our list, Crypto Desk also offers different tools to trading crypto. Visit the official website to learn more about the platform and its services. The international cryptocurrency exchanges are welcoming Dubai-based investors and blockchain enthusiasts to buy and sell cryptocurrencies.

Cryptocurrencies are here to stay – How to buy Bitcoin in the UAE

EToro cater to all levels of investors, from the smaller day-to-day traders to the big institutional capital, EToro can help you. Although quite well known, Changelly is one of the smaller exchanges on this list. Changelly has a much wider range of assets available for purchase compared to the rest of this list, they offer their clients over 170 different crypto assets. Furthermore, they have expanded heavily since their small beginnings, now with over 80 employees and 3 offices. Created in Hong Kong in 2012, Bitfinex has been around for a long time.

  1. However, the entire situation in the country is showcasing a pro-crypto attitude, even if Bitcoin ATMs are nowhere to be found.
  2. Coinmama, founded in 2013, has proven itself to be a real bastion of cryptocurrency and especially Bitcoin, fostering a significant amount of interest in the technology.
  3. You can circumvent most of the fees by simply buying through CEX.IO’s trading interface, as it has lower fees to incentivize day traders.
  4. Bitcoin serves as a store of value and is therefore often referred to as digital gold.

How many Bitcoin ATMs are there in Dubai?

You can participate in new projects, earn rewards, and engage in the creation and collection of non-fungible tokens (NFTs). Overall, Bybit emerges as a comprehensive platform catering to various aspects of the crypto market. If retail shopping isn’t your thing, why not treat yourself to a delicious meal or a cup of coffee at one of your favorite restaurants?

Since its foundation in 2013, it has grown to serve over 2 million customers across 188 countries and today has over 40 employees. Coinmama is a really simple exchange, which makes a perfect platform for safe, secure and quick transactions. Facilitating user-friendly transactions, Binance offers a diverse range of payment options. You can effortlessly buy crypto on Binance through credit or debit cards, international or local bank transfers, e-wallets like PayPal and Advcash, or engage with peer-to-peer merchants. Online broker platforms like xCoins offer a straightforward and secure way to buy Bitcoins using various payment forms, including credit cards, bank transfers, and more. XCoins manages user funds and ensures compliance with KYC/AML regulations, making it an efficient option for customers seeking to buy Bitcoins with cash money in the UAE.

There are many UAE crypto traders and plenty of crypto investment options in the UAE. This exchange provides seamless services that allow you to trade various cryptocurrencies with just a few clicks. There are no real physical bitcoins; this isn’t cash you can hold and touch.

The new anti-money laundering and counter-terrorism guidance is for financial institutions when dealing with virtual assets, such as cryptocurrencies and NFTs. EToro has numerous features that secure it a peg above its competitors, offering their users competitively low fees, for example not charging a penny for sending or receiving crypto to/from their platform. This means that you can withdraw and deposit all you like without any loss in coins, apart from miner fees ofcourse. Paxful is different to the rest of the items on this list as it isn’t a cryptocurrency exchange. Paxful is a peer-to-peer based finance platform, allowing parties to engage in trade between Bitcoin and other currencies directly.

Depending on the exchange you’re using, you may have to first swap your Dirham for another currency, like the US dollar, before you are able to invest in Bitcoin. This will incur an additional fee, so make sure you account for this when making a decision about which exchange to use. In the Middle East, particularly in Dubai, there has been considerable demand for Bitcoin. If you live in Dubai, you have access to a variety of Bitcoin exchanges. You can find the current price of 1 bitcoin on BitOasis’ webpage at any time.

There is a popular saying in the crypto world, “Not your keys, not your coins”. This refers to those keeping your coins on crypto exchanges that don’t show your private keys and such. It is best avoided storing them on exchanges as they are at risks of hacking and the coins are not completely in your possession. Bitex is a much newer exchange compared to some of the other exchanges on this list, only being founded in 2018. The exchange is quite basic, with some general trading features and functions, this makes it good for novices getting into cryptocurrency as you won’t have to see any over-complicated UIs and such.

Dubai has 5 trusted exchanges available for you to sign up for, with the most popular being Rain and Kraken, which account for a combined 10,010,000 active users. Felix Kuester works as an analyst and content manager for Captainaltcoin and specializes in chart analysis and blockchain technology. The physicist has couple of years of professional experience as project manager and technological consultant. Felix has for many years been enthusiastic not only about the technological dimension of crypto currencies, but also about the socio-economic vision behind them.

Since then, efforts have been made to introduce comprehensive regulations at both federal and emirate levels, signaling a positive approach to integrating crypto assets into the UAE’s economy. Moreover, Kraken distinguishes itself with responsive customer service, offering 24-hour live phone and chat support to assist you with your inquiries and concerns. The Anything-to-Anything feature allows you to exchange any asset for another seamlessly within the Uphold platform. This includes the transitioning from Bitcoin to XRP, GBP to Silver, or even converting assets like Tesla to Platinum. This straightforward and distinctive trading approach will enable you to engage with various asset classes easily.

If you use Bitcoin in the UAE for salary or trading purposes, you pay no income tax thanks to the UAE’s very relaxed tax laws. The inclusion of leveraged trading further enhances the MEXC’s flexibility, enabling you to amplify your market exposure. Additionally, the staking program allows you to earn rewards by participating in the network’s operations. Besides Aston, There are few known developers stating publicly that they accept Bitcoin, there have been reports that many developers are open to accepting Bitcoin when offered by a prospective customer. The best way to find the most up-to-date price of Bitcoin is to check out our Bitcoin price page. Some will require you to complete identity verification, though for many this is as simple as confirming a phone number.

Working with Changelly is a pleasure, thanks to their professional and courteous approach. We take a comprehensive security approach to ensure your crypto investments and identity are safe. We provide quick crypto purchases to more than 2.6 million users every month. Apple Pay and Google Pay are the quickest ways to buy BTC with a credit or a debit card from your iOS or Android device. Any such advice should be sought independently of visiting Buy Bitcoin Worldwide. Only a legal professional can offer legal advice and Buy Bitcoin Worldwide offers no such advice with respect to the contents of its website.

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