Bitex UAE is a Dubai-based secure, professional trading platform facilitating the buying and selling of digital currencies including Bitcoin, Ethereum, Litecoin, and Ripple. Established in August , Bitex UAE addresses a growing demand in the UAE for a secure cryptocurrency wallet and trading platform, with a view to growing into the Middle East market. Bitcoin & Cryptocurrency Trading in Dubai Although the UAE government has warned against investing in Bitcoin, many in Dubai are investing regardless. Dubai does not consider Bitcoin legal tender, but there aren't restrictions on buying or selling either. Based on LocalBitcoins volume and Google Trends data, Bitcoin looks alive and well in Dubai. Dec 07, · • Bitcoin trading, unlike some other assets, are open 24 hours a day, 7 days a week except for Saturday from 2am to 12pm (UAE time). Market holidays may change these crypmoney.de: Justin Varghese.
Bitcoin trader uae19 Exchanges To Buy Bitcoin In Dubai, United Arab Emirates ()
Trading fees range from 0. Additionally, both Maker and Taker can receive a 25 per cent discount by using Binance Coin instead. Binance facilitates the deposit and withdrawal of funds in crypto and fiat money. The trading fees average at 0. Kraken is the one of the world's largest cryptocurrency exchanges, and the largest in Europe based on daily average trading volume. Founded mid, it is available in almost all countries.
While the platform charges a comparatively lower 0. Among surveyors and matter researchers, it is highly-rated for security and data protection. However, it requires ID verification, so it is not considered to be private. The user interface is considered to be much more complex for newbie Bitcoin traders.
Anyone wishing to trade futures contracts will also need to undergo a KYC verification. After opening an account with a suitable platform, one then buys Bitcoins and adds it to one of the wallets mentioned initially.
You can use Bitcoin ATMs to buy bitcoins with cash. Bitcoin ATMs can be a quick and easy way to buy bitcoins and they're also private. However, that convenience and privacy, comes with a price; most ATMs have fees of 5 per cent to 10 per cent. From there, you'll be able to withdraw your funds. There are two ways to trade Bitcoin: Buy the cryptocurrency itself in the hope of selling it on at a profit, or speculate on its value without ever owning the token.
The latter is how CFDs work. To trade, when simply put, one first finds a suitable opportunity or price of Bitcoin to trade, takes a position — which generally means to determine whether or not the price will rise or fall, and lastly all that is left is to monitor your trade and take a call whether to buy or sell. Increase your exposure to Bitcoin with leverage using borrowed funds to increase one's trading position and go long or short on the price — all without the expense of an exchange account.
Having a trading plan is crucial to success for any trader but even more so for Bitcoin traders because the market can see high amounts of volatility, given that volatility makes the market extremely attractive, but difficult to trade. This is why your trading plan should include ways to manage risk, by outlining your goals and a methodology for entering and exiting trades — known as a trading strategy.
Some tips, from analysts at UK-based brokerage IG Group, for creating a trading plan is to set out what you want to achieve from your trading, broken down into short and long-term goals. What is risk-reward ratio? The risk-reward ratio measures how much your potential reward is, for every dirham you risk. It is measured in a straightforward mathematical calculation: where the price at the start of the trade is subtracted from the price at the end of the time period of the trade, with the subtracted amount divided by the starting price.
While choosing which markets you want to trade Bitcoin, your trading plan should also include the way you will analyse the Bitcoin market: either through technical or fundamental analysis. A deal ticket, commonly known as a trading ticket, is a record of all the terms, conditions, and basic information of a trade agreement.
You can also define your close conditions: set a stop to close your position when the market moves against you by a certain amount, or a limit for when it moves in your favour. Stops and limits are central to good risk management. To close your position, you simply place the reverse of your original trade.
Your Money. Saving and Investment. Browse articles by category. Back to page. At least, this the case for the casual investor. Aston Plaza and Residences in Dubai were offering the first residences in their tower for Bitcoin purchase only.
If you wanted to pay in Cash, you had to wait. However, all of these units have been sold. 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. You can get Bitcoin debit cards in Dubai by using Pursa. Local Bitcoins is another option. Here, you can buy and sell Bitcoin for a wide range of payment methods, from gift cards to bank transfers.
Local Bitcoins is a peer-to-peer P2P exchange, where you buy and sell with another individual. This does introduce a degree of risk, though by ensuring that you conduct all business on the platform, make use of its escrow services, and only trade with users who have a good reputation, you'll minimize any potential problems.
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Buy Bitcoin Worldwide does not promote, facilitate or engage in futures, options contracts or any other form of derivatives trading. Buy Bitcoin Worldwide does not offer legal advice. 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.
Buy Bitcoin Worldwide receives compensation with respect to its referrals for out-bound crypto exchanges and crypto wallet websites. Rain Popular. Ease of Use. Coinmama Popular. Kraken Buy Bitcoin Read Review Founded mid, Kraken is the one of the world's largest cryptocurrency exchanges, and the largest in Europe based on daily average trading volume.
LocalBitcoins Popular. BitOasis Popular. Chapter 3 Best Bitcoin Wallets for Dubai. Temporary Wallet Atomic Wallet Best for storing crypto for short period of time Learn More Atomic wallet is a multicurrency mobile wallet with a beautiful interface and easy to use features. Best for Desktop Electrum Simple yet powerful desktop wallet Learn More Electrum is a Bitcoin-only wallet that has been around since Each account can be secured with Two-Factor Authentication 2FA which can be enabled within the Google Authenticator app or with a paper code.
Getting in touch with customer support is easily accessible and response times are fast. Step 1: Sign up on the site and use a secure password. The website shows bitcoin sellers within your city or region regardless of whether or not you have an account. It is recommended that you list yourself to enjoy the escrow services that the platform offers.
You will likely see many offers with different payment options. They will also respond to the chat section, asking you to send the payment. Once you finish, click on the confirmation on the bottom right of the page.
Step 5: Once the seller confirms payment, the bitcoins will release and reflect in your account. LocalBitcoins saves the chats for some time should you return with a complaint about the transaction.
You now have bitcoin in your possession or within your web wallet. Overall, LocalBitcoins has no fees and is an effective platform for purchasing bitcoin from nearby merchants using just about any payment method out there. It eliminates the need for banks, gets rid of credit card fees, currency exchange fees, money transfer fees, and reduces the need for lawyers in transitions… all good things. BitOasis is an excellent trading exchange for instantly buying, selling and trading bitcoin and other cryptocurrencies once registered and verified on the platform.
Not only does BitOasis have a clean and relaxed interface, but also their iOS and Android apps help to make the exchange fun and accessible. The BitOasis wallet helps to make the process of purchasing and holding cryptocurrency as enjoyable as possible. BitOasis is a great option for quickly and efficiently purchasing BTC on the go. Those located in Dubai will find BitOasis easily accessible to meet their needs. Step 1: Sign up on the platform , and verify your account.
Step 2: In order to make a purchase, you will have to create a voucher so that you can exchange it for the number of bitcoins you want. To do this, you will need to make a payment via credit card or bank transfer. The credit card takes less time and is the most recommended method. Bank transfer is cheaper but will require some time before confirmation. Check that the transaction details displayed on the voucher correctly reflect the number of bitcoins you want to buy.
This could take anywhere from a few minutes to 15 minutes, depending on the number of requests. Step 5: Done! After some time, you will see the bitcoins in your BitOasis wallet. The BitOasis Wallet works seamlessly with the exchange and is also available on both the iOS and Android app store, so you can check your funds anywhere you go.
Bitex UAE is a Dubai-based secure, professional trading platform facilitating the buying and selling of digital currencies including Bitcoin, Ethereum, Litecoin, and Ripple. The company launches with an experienced team of developers, legal advisors, and support staff. The Bitex UAE exchange platform is developed using the latest technologies and has followed the best development practices to reduce the risk of fraud.
Bitex UAE uses numerous measures like 2FA, email verification, IP blocking, mobile verification and also manually verify unusual account activity and transactions in order to provide a secure experience. All the identity documents submitted to Bitex UAE remain securely stored in a remote database with the highest standards of encryption in order to maintain user privacy. Bitex UAE offers a great entry point for people who want to trade digital currencies.
You can flawlessly manage and maintain your digital assets on our secure platform with ease. Your one-stop-shop for secure, simplified and seamless digital asset trading. To get started on the platform, first of all, you need to create an account by filling the required details.
It only takes 2 minutes. The next step is to verify your account:. Step 2 : Submit a residence proof such as Utility Bill or Bank statement with address matching your profile.
Once you upload these documents, our team will review your profile and approve it within hours if everything looks right. If not, we will contact you via email to ask for additional documents. A verified account will lift all deposit limits and you are free to deposit any amount you like. In order to start buying, selling and trading on Bitex UAE, you need to make your first deposit. Once the balance is updated, you can then start trading.
Conclusion : Bitex UAE is a great platform for buying and selling bitcoin on a digital wallet exchange backed by the highest security protocols. Purchasing bitcoin in Dubai becomes easier with the use of various exchanges, including those that we have covered. And as with any other investment, make sure you secure yours by keeping all your information within a cold storage wallet.
If you want to invest in gold and other precious metals in addition to bitcoin, Regal Assets is an excellent broker. Those located in the United Arab Emirates who are looking for a trusted bitcoin seller in the city of Dubai will want to do thorough research before making a transaction.
Hopefully, this guide has offered a way for you to learn about your options and how you can invest in cryptocurrency while living in Dubai, UAE. If you go with LocalBitcoins be cautious when dealing with new sellers and only go with reputable ones. If you decide to go with BitOasis , make sure that you verify your account and download the mobile app which doubles as a wallet.
Bitex UAE is another high-quality exchange and mobile bitcoin wallet which is growing fast. Bitcoin can be purchased anywhere. A transaction can only occur where there is an Internet connection. The legality of whether you are able to own, buy and sell Bitcoins varies country by country.
BitOasis is one of the few Digital Asset exchanges in the Middle East committed to adopting the internationally accepted principles of compliance and adhering to the prospective local as well as international laws and regulations which govern the industry. If you want to legally sell Bitcoin, you must first obtain an official commercial trade license sanctioned by the city of Dubai, UAE for the legal exchange of goods, commodities, and services see here.
LocalBitcoins is a peer-to-peer bitcoin exchange platform where verified users can purchase bitcoin for cash from nearby merchants or start a merchant account if they want to sell bitcoin to users in the local area for cash through bank transfer, Western Union or similar payment method. It has since been removed. Read more here. Bitcoin gives you the power to be your own bank. With the blockchain, money is now completely disconnected information content and production costs are nearly zero.
This innovation has pioneered Bitcoin to become the first store of value of its kind which works seamlessly as a form of digital money or gold.