Bitcoin is a dominant digital currency also known as “Cryptocurrency”. Globally, the cryptocurrency market is growing day by day and is even expected to replace regular financial systems in the future. Dubai is appearing as one of the top markets for cryptocurrency trading. As Dubai UAE is becoming a leader in the development of a crypto-friendly environment so many want to invest in it (But unfortunately they don’t have much knowledge about how to buy it). If you’re one of them & searching for how to Buy Bitcoin in Dubai, UAE then you’ve come to the right place. Well, I will explain in this article how you can buy Bitcoin and other cryptocurrencies easily. I may get compensation when you click on any referral link and create your account on another cryptocurrency website. Surely this will encourage me to write more :).
Let’s start with basic questions which may be new users and expats thinking before purchasing Bitcoin in Dubai. These questions will help to clear all doubts and you can buy bitcoin in the UAE easily.
Can I buy Bitcoin in the UAE?
Yes! You can buy easily through online cryptocurrency exchanges in the UAE.
Is cryptocurrency legal in Dubai, UAE?
Yes! It is completely legal to buy cryptocurrency in the UAE. According to the new law the "Virtual Assets Law" you can buy & sell Cryptocurrency in UAE.
Is Bitcoin allowed in Dubai?
Yes, UAE citizens can Buy Bitcoin in Dubai.
Is crypto taxable in the UAE?
No! There’s no tax on cryptocurrency in the UAE.
Do I need a license to trade crypto in the UAE?
No, You don’t need any license to trade crypto/Bitcoin in UAE until you are an individual Buyer and Seller.
Is there a Bitcoin ATM in the UAE?
Yes! There are many Bitcoin ATMs available in Dubai, UAE.
Can I use a Credit/Debit Card to buy Bitcoin?
Buying Bitcoin with Debit card is good idea but if you Buy Bitcoin with Credit card then the bank will charge extra so avoid Credit card to purchase Bitcoin/Crypto in UAE.
Hopefully, all the above FAQs and their answers are good to go to buy Bitcoin in Dubai, UAE.
Top Websites to Buy Bitcoin in UAE
Here’s the list of the top 05 websites where you can buy cryptocurrency in Dubai, UAE.
- Binance Exchange
- BitOasis
- CoinMENA
- Rain
- CoinBase
- AMANA
1- Binance Exchange
The Binance Exchange is top cryptocurrency exchange established in 2017 in Hong Kong. It features a powerful emphasis on altcoin trading. Binance Exchange offers crypto-to-crypto trading in 600+ cryptocurrencies & virtual tokens such as Bitcoin (BTC), Litecoin (LTC), Ether (ETH), Dogecoin (DOGE), and its own token which is Binance Coin (BNB).
KEY Features of Binance Exchange
- It is an online exchange where customers can trade in various cryptocurrencies. It supports the most traded cryptocurrencies.
- It provides a crypto wallet for dealers to store their electronic reserves.
- Binance also has supporting services for its users to gain interest or transact using cryptocurrencies. It also presents programs for miners and helps merchants make investment findings.
- Binance has its own blockchain-based token which is known as BNB (Binance Coin)
Account Creation & Registration Process for Binance
Creating a Binance Exchange account required only an Email/Phone number and a Strong Password.
- A Valid Email Address e.g john@example.com
After completing the registration process if you want to trade in Binance Exchange then they will ask for these documents to verify your identity.
- Emirates ID Card
- Bank Statement (Proof of income)
Most Importantly How to Buy Bitcoin on Binance Exchange? So here's the procedure.
- Debit/Credit Card (Please note bank will charge an extra fee if you Buy Bitcoin/Crypto using Credit Card) .
- Deposit USD through Bank Transfer to Binance Account.
- Minimum $50 required to buy cryptocurrency in Coinbase.
2- BitOasis
BitOasis is one of the largest cryptocurrency trading platforms in MENA (the Middle East & North Africa) region launched in 2015. This cryptocurrency medium offers 15+ digital assets to trade, buy or sell in Dirham, UAE. The BitOasis website is concentrated on customers living in the Middle East. The enterprise allows traders from 87 different countries to drive deposits with fiat currency. The countries include the UAE, Saudi Arabia, Kuwait, Bahrain, Oman, Egypt, Jordan, and Morocco.
BitOasis has been a successful crypto exchange in the UAE market since its launch and is presently operating from Dubai Silicon Oasis. Traders can make transactions from a UAE bank account but at negligibly higher transaction fees than others.
Account Creation & Registration Process for BitOasis
Creating an account in BitOasis is an easy process.
Requirements
- You must be 18 years old
- You must be a resident of the UAE
- You must have Emirates ID or a valid passport
- A registered phone number is required to receive SMS
so here's the answer to that question in your mind How to Buy Bitcoin in BitOasis Exchange?
- Firstly, you need to verify your identity.
- It supports all banks in the UAE except Arab Bank.
- You can use Debit and Credit cards to buy Bitcoin in BitOasis.
- Minimum 100 AED required to buy cryptocurrency in BitOasis.
3- CoinMENA
CoinMENA was established in 2019 in Bahrain, and the CoinMENA team has continuously been seeking to introduce limited trading to new countries. The Bahrain-headquartered cryptocurrency website has newly become the first onshore medium to introduce limited trading for MENA region citizens to set the value at which they want to buy and sell cryptocurrency. The CoinMENA is the first lowest fee crypto exchange enterprise.
Account Creation & Registration Process for CoinMENA
Account creation is easy in CoinMENA, make sure you have:
- A Valid email
- Strong password
- A Registered Phone number
So looking for How to Buy Bitcoin in CoinMENA? here's the process.
- Firstly you need to verify your account and identity.
- You Can Buy & Sell using bank transfers, credit, or debit cards.
- Minimum $10 required to buy cryptocurrency in CoinMENA.
4- RAIN
RAIN is a cryptocurrency exchange located in Bahrain that serves several countries in the Middle East. RAIN opened its doors for trade in early 2019, after earning a Crypto-Asset Module license from CBB (Central Bank of Bahrain). RAIN supports numerous currencies, including the U.S. dollar. Its trustworthy reputation and extended exchange offerings make it worth thinking about if you’re looking for a cryptocurrency exchange aimed at Middle Eastern customers. UAE citizens can create an account and can Buy/Sell Cryptocurrency.
Account Creation & Registration Process for RAIN
Rain Account creation process is easy, you can create an account within a few clicks. You must have:
- A Valid email
- A Strong password
- A Registered Phone number
Now come to the point: How to buy bitcoin on RAIN Crypto Exchange?
- Firstly, you need to verify your account and identity.
- Bank transfers for a larger amount.
- Debit or Credit Cards(VISA, MASTER card).
- Minimum 1 AED required to buy cryptocurrency in RAIN.
5- Coinbase
Coinbase is the best crypto exchange and the most acceptable in the world with over 56M verified active users. It was established in 2012 by Brian Armstrong & Fred Ehrsam in San Francisco, California. This exchange was rebranded in the year 2016 as GDAX (the Global Digital Asset Exchange). Coinbase allows you to buy, sell, and trade-in in prevalent cryptocurrencies such as Bitcoin. Coinbase is a globally acknowledged exchange, that enables all crypto with fiat currencies in 32+ countries, and is also identified as one of the most beneficial public companies in the United States. It carries over $20 billion in assets and over $50 billion in crypto that has been exchanged using its forum.
Unfortunately, UAE citizens can buy Bitcoin/cryptocurrency from the exchange but can't sell. But there's a good thing, it allows you to transfer your Bitcoin/Cryptocurrency to Binance, BitOasis, and other allowed exchanges in the MENA.
Account Creation & Registration Process for Coinbase
Coinbase account creation is an easy process you just need:
- Your legal name
- A Valid email
- Strong password
So, How to buy bitcoin in Coinbase Crypto Exchange?
- Debit or Credit Cards(VISA, MASTER)
- Minimum $50 required to buy cryptocurrency in Coinbase
AMANA
An all-in-one trading tool that enables you to invest in and trade stocks on the domestic (UAE), KSA and MENA and international stock markets as well as digital currencies like Bitcoin and Ethereum.
Utilize the Amana app to begin trading. You can open an account with little effort and with a small deposit to gain a feel for trading.
Account Creation & Registration Process for amana.app
amana.app registration is an easy you just need:
- Your legal name
- A Valid email
- Strong password
- Mobile number
- Proof of residence
- Bank statement
So, How to buy bitcoin in amana.app?
- Debit or Credit Cards(VISA, MASTER)
- Minimum $250 required to open up a account
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