How to buy bitcoin in dubai: How to buy Bitcoin in UAE Dubai Buy BTC with AED with Credit Card

How to buy bitcoin in dubai

Among many order types that serve trade-specific purposes, Bracket Orders can be counted upon to mitigate risk by the highest degree. Margin trading has two sides to it – margin borrowing and margin lending. While margin borrowing allows a trader to borrow upto 3x of their net worth and trade with 4x leverage, margin lending is a great way for HODLERs to lend their cryptocurrency funds and earn interest on it.

Miners can join the OKX Bitcoin mining pool, and anyone can put their BTC into a savings account on OKX to earn an estimated 5% APY. Your coins will be kept safe in secure offline storage with emergency backups and a semi-offline multi-signature mechanism for online storage. Less experienced users aren’t left out, however, as the purchasing and swapping processes are made simple with the Buy Crypto and Convert features, respectively. Once you’ve bought some BTC, you can earn up to 5% APR on it with a Binance savings account. Click the join button and provide any details necessary to create an account. Cryptocurrency markets are quite volatile, which reflects in how the cryptocurrency markets move differently compared to conventional stock markets.

These platforms allow users to buy and sell cryptocurrencies for fiat currencies based on the current price of the virtual asset. Users can also convert their Bitcoins directly into AED, that can then be withdrawn into their bank accounts. However, commission fees may apply when trading cryptocurrencies on these exchanges for national money, so make sure you calculate those costs before cashing out your Bitcoin. When UAE citizens want to purchase Bitcoin or any other cryptocurrency, they will need to open an account with a wallet provider or cryptocurrency exchange platform. The process can take several days of paperwork, but then, once approved, customers are able to purchase BTC using their credit and debit cards or through bank transfers.

The best time to buy Bitcoin will likely be influenced by your strategy and investment goals. Investors who opt for a buy and hold strategy believe that the price of Bitcoin will rise in the long term, so the exact time at which they buy isn’t that important. Depending on your activities, you might want to use more than one type of wallet in combination. If you intend to trade some of your Bitcoin while also holding some for the long term, it could be useful to use both a web wallet and a hardware wallet. If you use the Ledger hardware wallet, you could also download the Ledger Live app to manage your Bitcoin on the move.

Before diversifying their facilities into trading cryptocurrencies, they offered the trading of stocks, ETFs, commodities and more, securing their position as a major, all-round trading platform. 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.

You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money. It is legal to use Bitcoin to buy property in the UAE, and a number of real estate sellers have said that they accept Bitcoin, but not all of them do. Unlike most other countries, in the UAE you don’t need to report any profit you make when you sell Bitcoin, as there is no tax to pay on these profits.

The only valid and recognized currency in the Emirates is the UAE dirham. Someone nicknamed Satoshi Nakamoto created this system 12 years ago, but they couldn’t have ever predicted what BTC could evolve to. This was a ground-breaking alternative to cash and online bank transfers. Credit or debit card payment is one of the effortless ways to buy BTC and other cryptocurrencies in a fast and secure manner. With Changelly, you can use a Visa or a Mastercard credit card issued in your local currency.

What to keep in mind when buying, trading Bitcoin in the UAE

Palmex is a cryptocurrency exchange based in the UAE and the first licensed digital asset exchanges in North Africa and the Middle East. They offer highly advanced trading features and technical features, mainly catering towards traders rather than longer term investors. To ensure that their customers are never left in need, they operate a 24/7 support center where users can get the help they need and quickly. The Middle East has embraced the digital currency explosion and many governments in the Middle East have begun collaborating with financial companies to issue their own cryptocurrencies. In addition, a slew of cryptocurrency exchanges and companies involved in initial currency offerings (ICOs) have begun all over the Middle East, including in the Emirates. Central banks have not opened completely to the idea of digital assets, but they have allowed for the sector to slowly infiltrate the regional economy.

  • The costs of trading Bitcoin in the UAE will depend on the platform and payment method you use.
  • Although Coinmama does not display any of their prices in the AED, they do allow you to purchase in any currency, including AED.
  • The legality of cryptocurrencies, such as Bitcoin and other coins, in the United Arab Emirates (UAE) is an increasingly relevant topic of discussion.
  • One of the advantages of bitcoin exchange over other asset exchanges is that is faster than other bank transfers and it can be sent all over the world.
  • Less experienced users aren’t left out, however, as the purchasing and swapping processes are made simple with the Buy Crypto and Convert features, respectively.

A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchange’s products or services. You will need to have a wallet before you buy BTC from an ATM, and you can use a mobile wallet, an exchange wallet, or a paper wallet. You will have to scan your wallet’s QR code at the machine, and then your coins will be sent to that address once you pay by cash or card. The only way to buy Bitcoin anonymously is, therefore, to use an unregulated platform.


The platform is designed to be easy to use, so it’s very quick and simple to buy Bitcoin or any of the 60+ other cryptocurrencies available. You can make your investment portfolio pretty diverse as eToro is a multi-asset platform that also provides access to stocks, ETFs, and forex. Different platforms will provide different features and charge different fees. The safest platform to use is a regulated and reliable one, like the options listed below. Additionally, we’ll look at reasons to invest in Bitcoin and aspects such as the payment methods, fees, and regulations that UAE investors should be aware of. After completing the signup, traders can deposit AED to their Bitbns FIAT wallet and buy Bitcoin with it.

The Bitcoin blockchain is secured by miners who provide computational power to validate transactions in a system known as Proof of Work. Anyone can become a miner or make transactions on the blockchain as it is completely decentralised, so no one controls it. Again, for traders, Bitcoin is quite an asset because the price volatility creates the difference in price that traders need to buy/sell an asset. However, it is recommended to invest and trade only the amount one can afford to lose.

Almost every crypto exchange out there now supports Ethereum, including the ones we have listed today. Dubai is a country that is welcoming to Bitcoin and blockchain technology. They have even recently launched the Emirates Blockchain Strategy in 2021 and aim to conduct 50% of government transactions on the blockchain. There are also cryptocurrency exchanges that are base in the UAE itself, these are typically much more accommodating for customers based in the UAE.

How to buy bitcoin in dubai

You could use a peer-to-peer (P2P) marketplace such as Paxful, where you can create an account with just an email address and buy BTC from some sellers without completing verification. Bitcoin is one of three cryptocurrencies accepted as payment by the Dubai Financial Services Authority (DFSA) for various trade licences and visas. Similar to Neteller, Skrill is another digital wallet service for fast and simple online payments. To mitigate these risks, you should only buy Bitcoin on reputable and regulated platforms and store it somewhere secure like a hardware wallet.

This can be done by looking at websites, such as CoinMarketCap and CryptoCompare to get an overview of all the major exchanges that are based in the Middle East. Rain is the first cryptocurrency exchange to earn a regulatory license in the Middle East and joins an elite group of exchanges internationally. Rain’s platform allows customers to buy, sell, and store crypto in a secure environment on its website and mobile apps. The company founded in 2017, launched publicly in 2019 with their license from the Central Bank of Bahrain and is now serving customers. P2P exchanges are web platforms operated by a company, like CEXs, but they are often unregulated, don’t necessarily require identity verification, and facilitate trades directly between users, like DEXs. Buyers can choose from a variety of crypto sellers and then send a payment directly to the seller to receive their Bitcoin.

You can buy Bitcoin in Dubai by creating an account and making a purchase on any of the platforms reviewed on this page. We have strict quality control processes and do a great amount of research in order to provide our readers with information you can trust. We always test all the platforms we review thoroughly to help you make well-informed decisions about investing. When you should sell your Bitcoin may be affected by the strategy you choose to employ. If you’re using a long-term buy and hold strategy, for example, it’s less important to time your exit precisely. On the other hand, when engaging in short-term trading strategies, you might get a sell signal from the news or a technical indicator.

Bitcoin ATMs in Dubai and UAE

Rain is licensed by the Central Bank of Bahrain (CBB) as a Crypto-Asset Brokerage and is subject to rigorous cybersecurity, capital reserve, and banking compliance standards. This is a very good indicator for the Bitcoin network, since transactions are somewhat slower in the most popular blockchain network than in other networks, due to its design features and high workload. In order to buy bitcoin, it is not necessary to register on the Itez website.

As soon as the transaction receives 6 confirmations in the blockchain network, your bitcoin wallet balance will be top-up. Cryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Any trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Decentralised exchanges (DEXs) can also be used anonymously as all a user needs is a wallet.

Bitcoin ATMs are an excellent way to buy bitcoin using cash and offer little to no requirements for

KYC. ATMs are commonly located inside of convenience stores, shops, restaurants, malls or airports. The exchange you choose will be interoperable with most devices, desktop and mobile, and will allow you to withdraw to your own personal hardware wallet. The first step is to register with a platform, app or exchange and complete a Know Your Customer (KYC) process. CFDs and other derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage.

Furthermore, they have expanded heavily since their small beginnings, now with over 80 employees and 3 offices. With legislation to support cryptocurrency trading and development, many companies, merchants, and service providers throughout the UAE are now accepting payments with Bitcoin. Here are some of the major businesses that are making it easier than ever to start using Bitcoin in the UAE. While some crypto ATMs may have elevated fees compared to other methods of buying or selling cryptocurrency, there are also crypto ATMs that offer pretty low fees.

There are comprehensive trading tools, as well as a range of derivatives and margin trading for more advanced users. There is also a trading bot, providing a simple way to earn passive profits without monitoring the market. If you have crypto interests beyond Bitcoin, KuCoin is the best place to find new and obscure coins as it supports more than 700 cryptocurrencies. Less experienced users are catered for as well, as they can easily buy Bitcoin with instant card purchases and use the Convert feature to swap between BTC and any of the other 340+ coins.

Bitcoin exchange in Dubai has become very popular since 2017 when the price of bitcoin was quadrupled. trading is a one-stop-shop for all your digital and cryptocurrency needs. You can use cash or a credit card either to buy bitcoin in Dubai or exchange bitcoin easily. One of the advantages of bitcoin exchange over other asset exchanges is that is faster than other bank transfers and it can be sent all over the world.

We want our service to be convenient, and we try to take care of your needs as quickly as possible. In short, the best wallet to buy Bitcoin instantly is Electrum because it’s safe and takes just a minute to create. After six confirmations, the BTC networks will be yours for good; when buying from Itez, this will happen on average within 15 minutes. After converting the currency to BTC, you will see the final result in the “You Get” field and on the “Buy” button.