How To Buy Bitcoin in Dubai | Easy Steps How To Buy Crypto in UAE and Dubai.
Bitcoin (BTC) is the leading cryptocurrency on the market, with a market cap of $1.1 trillion. It has been available in the UAE since 2014, and its popularity increases daily. The Securities and Commodities Authority (SCA) monitors Bitcoin’s activity and regulation in the UAE. Buying, selling and holding Bitcoin in the UAE is legal.
This article discusses how to buy Bitcoin in UAE step by step through a regulated crypto exchange or broker.
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Where to Buy Bitcoin in UAE
#1. eToro — Best Overall Broker To Buy Bitcoin In UAE
#2 AVAtrade — Best Broker to Buy Bitcoin as CFD’s
#3 IQ Option - Great Place to Buy Bitcoin in UAE as a Beginner
#4 Saxo Bank - Best Broker To Buy Bitcoin as ETF’s and ETN’s
To buy Bitcoin in UAE you need to have a verified trading account with one of the crypto exchanges (Binance, Coinbase, Kraken) or a crypto brokerage account at one of the brokers offering cryptocurrency trading.
Ways To Buy Bitcoin in UAE
The crypto technology is developing lightning fast and so are ways how to buy Bitcoin in the UAE. This section reveals different payment methods users can use to buy Bitcoin.
01. Buy Bitcoin With Cash or Cash Deposit
UAE citizens can easily buy Bitcoin for cash by using a Bitcoin ATM. Once you insert cash into the machine and use it to buy Bitcoin, the purchase will be directly stored in your e-wallet. Buying Bitcoin for cash comes at an extra cost of 6–12%, but gets you the cryptocurrency quick, easy and fully discrete.
02. Buy Bitcoin With Credit or Debit Card
Credit and debit cards are the fastest and easiest ways to buy Bitcoin in UAE when used with eToro. In terms of pricing, eToro charges 0.5% on all credit and debit card deposits in AED and a spread fee of 0.75% on all cryptocurrency trades. The minimum required purchase amount is $10.
03. Buy Bitcoin With Paypal
To buy Bitcoin with a UAE Paypal account you need to open an account, link it with preferred payment options, click on the “crypto” button at the top and choose the amount of Bitcoin you want to purchase. Paypall allows you to buy Bitcoin for as low as $1 at a purchase fee of 0.5%
04. Buy Bitcoin Through P2P exchanges
Buying Bitcoin through P2P exchanges is fast and simple. After you set up an account, users request to buy/sell Bitcoin. They check the listings and select the trade partners with whom they wish to transact. P2P exchanges don’t come with the anonymity that other exchanges provide. The advantage of P2P is that users search for the best deal.
Buy Crypto In UAE
You can buy cryptocurrency in UAE the same way you buy Bitcoin. You need to open a trading account with a broker or crypto exchange, deposit money using a debit or credit card, choose the right cryptocurrency and store it on a e-wallet.
The best broker to buy cryptocurrency in UAE is eToro and the best exchange is Coinbase.
