How to Buy Cryptocurrency in United Arab Emirates

Buying cryptocurrency in United Arab Emirates

Buying cryptocurrency in United Arab Emirates The United Arab Emirates has been considered one of the most progressive crypto countries worldwide. A government-owned licensing company, Kiklabb, even lets its clients pay the Dubai Financial Services Authority for their trade license or their visa fees with digital assets. As part of its business plan for 2021, the Dubai Services Authority announced to work on establishing a regulatory framework for cryptocurrencies. What�s more, the United Arab Emirates and Saudi Arabia are allegedly teaming up to work on a joint central bank digital currency study initiative, which has been dubbed �Project Aber�. Blockchain technology was also recognized by the United Arab Emirates� government very early on. Most of the United Arab Emirates� population seems to have acknowledged their government�s initiatives in blockchain technology. Regarding cryptocurrency, it is speculated that a big part of the population (especially investors), have to a degree, invested in or are involved in different cryptocurrencies.
As of 20/03/2021

Exchanges Info

These exchanges all accept customers from United Arab Emirates. While they broadly offer the same services and you can buy cryptocurrency at all of them, there can be differences in transaction fees, security, verification requirements, deposit methods and features, as shown below

Open a eToro Account

eToro AUS Capital Ltd ACN 612 791 803 AFSL 491139. OTC Derivatives are speculative and leveraged. Not suitable for all investors. Capital at risk. See PDS and TMD

eToro

eToro is a social trading platform that allows you to buy into cryptocurrencies, international stocks and shares and more complex financial assets. It also has an innovative Copy Trader feature where you can choose to follow other successful traders and automatically copy their trades to hopefully share in their success

Pros

Fully regulated financial institution
Trade crypto, stocks and other financial assets
Follow and copy the trades of expert traders

Cons

Fees (spreads) are high
Only USD as base currency

Brand

Coins

Security

Usability

App

Service

Open a Bybit Account

Bybit

Based in Singapore and registered in the British Virgin Islands, Bybit is a P2P cryptocurrency exchange offering perpetual futures products with 100:1 leverage. Bybit can process 100k transaction per second which is a great feature for leveraged trading.

Pros