Best Crypto Exchange UAE | Top 5 Cryptocurrency Exchanges

An Introduction to Crypto Exchanges in UAE

Since the recent boom of cryptocurrency exchanges in the Middle East and North Africa (MENA) region, much talk about the United Arab Emirates gradually becoming a hotspot for crypto assets. With the soaring popularity of cryptocurrencies in the region, there has never been a bigger need for local crypto exchanges. Luckily, many world’s largest cryptocurrency exchange companies have fulfilled this need by establishing numerous crypto exchanges in the UAE and MENA region.
The UAE has many contenders fighting for that elusive top spot regarding the best crypto exchange. Below, we look at the best crypto exchanges in UAE as of 2022.

Best Cryptocurrency Exchanges in UAE 2022

Why Do We Need Crypto Exchanges?

Online cryptocurrency exchanges work similarly to brokers, enabling users to buy and sell cryptos like Bitcoin, Litecoin, Tether, and Ethereum, amongst many others. While there are many different types of crypto exchanges in the market, the best ones make it immensely easy for common individuals from all walks of life to buy crypto and sell other assets with low fees and the highest security standards.

All online crypto exchanges allow users to buy and sell cryptocurrencies, helping them trade one crypto for the other or buy cryptocurrency using fiat currencies. However, since the market for cryptos is huge, different cryptocurrency exchanges compete to offer customers the most value. For instance, some crypto exchanges offer zero-fee transactions, while others entice customers with innovative reward programs. Ultimately, the goal for every crypto exchange in UAE is to get as many customers to use the exchange service as possible.

5 Best Crypto Exchanges in UAE

Big crypto exchanges worldwide are setting up offices in the UAE, and if reports are to be believed, the total crypto trading volumes have grown by over 500% in recent years.

With pro-crypto laws being laid down and licenses being passed regularly, the United Arab Emirates is on its way to becoming a global crypto hub. However, with so many best crypto trading platforms in Dubai, how do you decide upon the best one?

Below are the five top crypto exchanges in the UAE and MENA region.

BitOasis – Best Overall Cryptocurrency Trading Platform

Exciting Features of BitOasis

BitOasis is the first exchange in the list of best cryptocurrency exchanges in the United Arab Emirates and is considered the best overall crypto trading platform. Established in 2015, BitOasis has been a pioneer in the cryptocurrency space and is often recognized as the first cryptocurrency exchange in the MENA region. This crypto exchange has been helping countless satisfied users easily trade their crypto assets. The advanced platform offers a highly competitive fee structure where advanced traders pay an average trading fee of about 0.5% against AED (United Arab Emirates Dirham). This world’s largest cryptocurrency exchange platform is a good bet for UAE residents as it allows users to buy Bitcoin using AED in huge trading volume.

BitOasis Pros and Cons

Supported Cryptocurrencies 

The exchange supports over 40 cryptocurrencies; some are Bitcoin (BTC), XRP (XRP), Ethereum (ETH), Tether (USDT), Litecoin (LTC), Bitcoin Cash (BCH), EOS (EOS), Uniswap (UNI), USD Coin (USDC), Dogecoin (DOGE), Solana (SOL), Cardano (ADA), etc.

Supported Countries

The exchange is available in any country not facing any international sanctions by the UN, UAE, FATF, or OFAC, such as the residents of Cuba, North Korea, Syria, Iran, etc. The platform is available in UAE, Kuwait, Saudi Arabia, Bahrain, Qatar, Oman, Egypt, Lebanon, Morocco, Jordan, etc.

Sign Up Now

CoinMENA – Best Upcoming Crypto Exchange in the UAE

Exciting Features of CoinMENA

CoinMENA is a relatively new entry into the crypto trading space in UAE. Headquartered in Bahrain and regulated by the Central Bank of Bahrain, CoinMENA offers one of the simplest, safest, and fastest methods to trade crypto assets. The cryptocurrency exchange features a highly competitive fee structure that offers volume-based trading fees. One of the best parts about CoinMENA is that it doesn’t charge any fee for bank and crypto deposits. CoinMENA charges a fixed fee of 3.5% for card deposits, which is low compared to the industry average of more than 5%. Withdrawal fees can vary depending on the type of currencies being transacted.

CoinMENA Pros and Cons

Supported Cryptocurrencies 

The platform supports over 20 cryptocurrencies, they are Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH), Uniswap (UNI), USD Coin (USDC), Tether (USDT), etc.

Supported Countries

Like BitOasis, the exchange is available in any country not facing any international sanctions by the UN, FATF, OFAC, or Kingdom of Bahrain, such as the residents of Cuba, North Korea, Syria, Iran, etc. The platform is available in Bahrain, UAE, Saudi Arabia, Kuwait, Oman, Qatar, etc.

Sign Up Now

Binance – Best for High Liquidity and Trading Volumes

Exciting Features of Binance

Binance is no stranger in the crypto trading space, a massive cryptocurrency exchange that allows you to place trades in over 500 cryptocurrencies across 180 countries worldwide. Binance review mentions that Binance is the world’s largest exchange in registered users and trading volumes, and this renowned cryptocurrency exchange trades over USD 10 billion daily. In the UAE, it offers one of the lowest trading fees while offering top-notch security to its users. At Binance, spot trading fees start as low as 0.1%, and the crypto exchange does not charge any deposit fees, thus making it a very good option for cash-strapped individuals in the United Arab Emirates.

Binance Pros and Cons

Supported Cryptocurrencies

Binance supports over 500 cryptocurrencies, including old and new ones in the market. While it would be too cumbersome to mention all of the cryptos supported by Binance, some popular exchanges supported by the platform are Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Tether (USDT), Bitcoin Cash (BCH), Litecoin (LTC), USD Coin (USDC), Dogecoin (DOGE), etc.

Supported Countries

Likewise, Binance is available in any country without international sanctions by the UN, FATF, or OFAC. The platform is available in over 180 countries; some are UAE, Saudi Arabia, Qatar, Oman, Jordan, Lebanon, USA, France, Germany, Spain, etc.

Sign Up Now

Coinbase – Best Cryptocurrency Exchange for Beginners

Exciting Features of Coinbase

As per Coinbase review, it is one of the best crypto exchanges for novice investors in the UAE. However, it offers numerous advanced trading tools for experienced investors. It is available in more than 100 countries worldwide and supports over 100 cryptocurrencies.

Coinbase Pros and Cons

Supported Cryptocurrencies

Coinbase currently supports over 100 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Tether (USDT), Bitcoin Cash (BCH), Litecoin (LTC), USD Coin (USDC), Dogecoin (DOGE), Solana (SOL), etc.

Supported Countries 

Coinbase is available in any country not facing any international sanctions by the UN, FATF, OFAC, EU, or HM Treasury’s Financial Sanctions, such as the residents of Cuba, North Korea, Syria, Iran, Sudan, etc. The platform is available in UAE, Bahrain, Kuwait, Jordan, Oman, Turkey, USA, UK, Spain, Germany, etc.

Sign Up Now

Kraken

Exciting Features of Kraken Crypto Exchange UAE

Kraken is one of the best crypto exchange platforms that provide many features to users; according to Kraken review, from offering the best safety advanced features to funding options, Kraken takes care of all the expectations and needs of the advanced traders. The fee structure of the platform is also simple. The platform charges 0.9% fees on stablecoins and 1.5% on other cryptos or FX pairs. The payment card and digital wallet processing fee is fixed at 3.75% plus 0.25 USD/EUR. The fees for online banking or ACH are fixed at 0.5%. Moreover, the crypto exchange platform provides many funding options, staking opportunities, margin trading, indices, futures, OTC, Account Management, Cryptowatch, Liquidity, and 24/7 customer care services.

Kraken Pros and Cons: The best UAE Crypto Exchange

Supported Cryptocurrencies and Crypto Assets

The crypto exchange platform currently supports more than 100 cryptocurrencies. Here are the best cryptocurrencies that many traders opt for Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Litecoin (LTC), USD Coin (USDC), Cardano (ADA), Solana (SOL), etc.

Supported Countries

There are many countries where Kraken provides support. It provides services across Africa, Asia, Europe, North America, Oceania, and South America. Some supported countries are UAE, USA, UK, Bahrain, Saudi Arabia, etc.

Sign Up Now

How to Trade Cryptocurrency in UAE using Crypto assets?

Open an account: Traders need to visit the platform’s official website like Coinbase, and click on the “Register” button that you can find in the top right corner of the website. Once they click the register button, they will be redirected to the registration page. They need to enter all the required details like name, address, and other necessary information. They can also open a demo account after filling all the necessary criteria.

Verify ID: Once you have filled in all the required information, you will receive an email you used to register on the portal asking you to confirm your email. You can click the verify ID link to confirm using the email account. Once done, your trading account will be verified and activated.

Deposit Funds: After verifying the account, you can start accessing the payment page to make deposits. You must enter your financial information to add funds to the account. Ensure that you check if the platform charges any deposit fees you need to pay. For example, some platforms charge a 0.5% deposit fee you must pay while making deposits. After choosing the payment method, you can proceed to add funds through a Uquid debit card or credit card, bank transfer, or any other deposit method.

Find a Crypto Market: After adding funds to the account, you can visit the platform’s dashboard-like Coinbase, to find your suitable crypto market. Make sure that you understand the market’s volatility before trading. Check all the crypto details and research all the risks involved to mitigate them.

How to Select the Best UAE Crypto Exchange for You?

You can select the best cryptocurrency exchange platform by understanding certain criteria and following efficient checking. When choosing a platform, reviewing the fee structure, deposit and withdrawal charges, bonus, security, advanced trading features, and user experience is important. Moreover, you need to review whether the cryptocurrency exchanges website adheres to the rules and regulations that the government imposes. You can choose the best platform that accepts trading activities by considering these factors and verifying their authenticity.

Does the Cryptocurrency Exchange Support Dirhams?

Many cryptocurrency exchange websites in the UAE accept Dirhams as fiat currency. You can add dirhams into your cash app or account using the best third-party wallet’s debit card or credit card service. Check the minimum deposit and certain fees charged by the platform to add Dirhams to your account. Make sure you go through the terms and conditions page to find the digital currencies the cryptocurrency exchange websites support to trade in the same currency.

Fee Structure of Cryptocurrency Exchanges

Trading in cryptocurrency can be expensive as different cryptocurrency exchanges have different fee structures. Many casinos like Binance and Coinbase charge low fees and have a good fee structure that benefits traders and the companies. Make sure that you understand the fee charged by cryptocurrency exchange websites. The fee structure includes a deposit fee, withdrawal fee, bank transfer fee, transaction fee, service fee, convenience fee, etc. Make sure you carefully look at the fee structure before choosing any platform to place trades.

Deposits and Withdrawal Charges

When you want to trade on different funds, you need to understand the deposit and withdrawal charges that exchanges in Dubai and the Middle East have. Many cryptocurrency exchange websites will accept different deposit and withdrawal methods, so the charges differ on every website. Some cryptocurrency exchange websites also support different crypto deposits you can use when accessing crypto wallets. Moreover, these cryptocurrency exchange websites accept credit cards, debit cards, bank transfers, e-wallets, and other third-party providers to give you access to different payment methods. You must remember to choose the cryptocurrency exchange website that charges fewer deposit fees and takes fewer commissions or no commission to enjoy profits.

Security

The trading websites are known for the security and regulation they offer. They have a valid SSL and 2-factor authorizations to provide safety to the user’s bank account, wallet account, and personal account. The cryptocurrency exchange websites don’t store users’ personal and financial data, ensuring utmost safety and security. These cryptocurrency exchange websites also ensure to deploy advanced tools and technologies to protect the users’ accounts, adhering to the market standards.

Advanced Trading Features

There are many advanced features that these cryptocurrency exchange websites provide. You can enjoy trading features like crypto trading robots to place automatic trades, copy trading to earn more, short selling and leveraging educational resources, and a mobile app. Moreover, you can also review the liquidity levels to sell positions and lower your costs to trade.

User Experience

One of the important aspects of these trading websites in Dubai or the Middle East region is providing the best user experience to the traders. You can easily navigate through the cryptocurrency exchanges website, exploring all the details thoroughly without facing any hassles. Moreover, you can easily perform a bank transfer using the mobile app or desktop version of the cryptocurrency exchanges website. The page load time of these cryptocurrency exchange websites is also fantastic, allowing you to perform cryptocurrency transactions quickly and buy Bitcoin or other cryptos within minutes.

Customer Support

The cryptocurrency exchange websites provide excellent customer support options like 24/7 live chat, email, and over-the-phone support. If you have any queries regarding the service the cryptocurrency exchanges in Dubai provide, you can contact customer support. The customer service representative will contact you shortly and address all your queries instantly. You can resolve all your concerns immediately by addressing issues related to asset classes, cold storage, payment methods, fees, withdrawal, deposit-related queries, bank transfer, minimum deposit, and other concerns.

Is Crypto Exchange Licensed?

Yes, all the cryptocurrency exchanges are provided with a valid license from FCA, AISC, and other regulatory bodies. You can check the licenses by visiting their terms and conditions page. You can go through a public license and review the license, ensure its authenticity, and check the regulation you need to know. The regulatory bodies regulate the cryptocurrency exchanges that accept digital currencies and perform online transactions. To buy Bitcoin, you can access the portals in Dubai with a good trading volume and deposit funds into your margin accounts using the best payment method.

Our Verdict

According to the reviews of the best crypto platforms in Dubai and the Middle East, many websites currently provide impeccable services to UAE traders. From low fees to real-time market volatility statistics, these websites do wonders when providing services to retail investor accounts. The trading platform UAE sites also provide effective investment advice and consumer protection tools to UAE traders. The platforms in UAE offer traders with valid licenses from the FCA, ASIC, and other regulatory bodies to provide trading services. Traders can also access the cash app to make deposits and withdrawals and review the trading volume they supply.

Moreover, the secure crypto trading platform accepts many payment methods to add fiat money and make the minimum investment to start trading volume. They accept credit cards, debit cards, direct bank transfers, etc. Traders can contact the customer support team with queries or concerns.

FAQs

Are Crypto Exchanges Legal in UAE?

Besides a few crypto trading platforms, majoring of the cryptocurrency trading platforms are regulated and legal in UAE. The best crypto trading platform UAE provides the right kind of trading services like trading CFDs, estimating the right trading costs, and allowing traders to trade digital currencies.

Which crypto exchange is best in the UAE?

Many trading websites provide the best services in the UAE. The top crypto trading platform UAE provides sophisticated trading tools, user-friendly mobile trading apps, copy trading tools, and good trading commissions and allows users to start trading in a good trading volume. You can use these best trading crypto exchanges to start trading CFDs in good trading volume and trade cryptocurrencies at your convenience. The world’s largest cryptocurrency exchange also provides advanced crypto exchange services like Bitcoin exchange, buy crypto, excellent crypto asset brokerage opportunities, etc. The best UAE crypto exchange platforms charge only 0.5% fees on the payments that help traders save money on placing simple exchange requests. BitOasis and Binance are the best cryptocurrencies in the UAE.

Are the best crypto trading platforms regulated?

Yes, all the top crypto exchange platforms are regulated and controlled by the governing bodies. You might face restrictions on trading tokens on a Bitcoin exchange platform as the security laws are quite strict. However, the laws are changing, and governments are revisiting the laws of the Bitcoin exchanges as technological developments occur in the market.

Can I trade cryptos in the UAE?

Yes, you can trade cryptos in the UAE’s best exchanges and the Bitcoin exchange platforms in Dubai and the Middle East. To trade on the best exchange platform, you must create a trading account with the Bitcoin exchanges. Once you have created an account on the best exchange platforms, you can deposit as per your feasibility and start trading. Make sure that you avoid exchanges that charge high trading fees. Read the terms and conditions thoroughly before opening a trading account and buying cryptos like Bitcoin, Ethereum, or other cryptocurrencies.

Does Coinbase work in the UAE?

No, Coinbase currently doesn’t support selling and buying Bitcoin or other cryptos in the UAE. However, as the platform grows, it will soon obtain a valid license to allow UAE traders to buy and sell Bitcoin using Bitcoin wallets or ATMs.

Which crypto app works in the UAE? 

The BitOasis app works the best in the UAE, where traders can access and buy Bitcoin, Ethereum, and other cryptocurrencies. Moreover, they can use the app to sell Bitcoin, Ethereum, and other cryptocurrencies at good rates. It only charges 0.5% fees on making transactions to buy Bitcoin or sell them. Also, it supports more than 40 cryptocurrencies and allows traders to use the mobile wallet or the Bitcoin ATM to make transactions.

Which exchange supports the most crypto?

Binance is the best platform that supports more than 500 cryptocurrencies. This user-friendly platform is known for its low conversion rates, good service, advanced tools, and low withdrawal fees that traders can make the best use of to start trading in the United Arab Emirates.

Where Can I Find a Bitcoin ATM in the UAE? 

There are not many Bitcoin ATMs that traders can find to withdraw or deposit digital assets in Abu Dhabi, Dubai, and other places in the Middle East. A Bitcoin teller is located on the 14th road of Baniyas Square at the Coinsfera Bitcoinshop that provides this conversion service. There is also one Bitcoin ATM at Market Square Abu Dhabi, The Galleria Mall ADGM, and other places in the United Arab Emirates.

Which is the cheapest crypto trading platform in UAE?

Binance is the best and cheapest crypto trading platform for all UAE citizens in the United Arab Emirates. This platform charges low fees, and you don’t have to pay any additional fees for choosing the payment methods to make a deposit. Also, this platform has a valid license to provide the best service to professionals. You can visit the official trading platform of the cryptocurrency exchanges, register, generate private keys for security purposes, read the regulation documents, and start depositing money for trading purposes.

How Do I Cash Out Bitcoin in the UAE?

You can withdraw Bitcoin by transferring the amount in your account to a crypto wallet. This transaction occurs with the support of a third-party broker who charges certain fees to make the transaction possible. The UAE traders can explore many payment methods to withdraw Bitcoin into their accounts. To en-cash your payment, you must link your account with an exchange wallet that supports withdrawals in fiat currency. BitOasis is also one of the best secure websites where you can make such transactions.

What is a crypto exchange and Bitcoin trading platform?

Crypto exchange and Bitcoin trading platforms allow traders to buy and sell digital assets in a secure environment. Most of the best crypto trading platforms in Dubai hold a valid license to provide exchange services with a regulatory body that regulates the platforms. Also, some trading platforms have cold storage facilities that allow traders to store the deposited and converted coins with great safety and security.