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. 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 24crypto.de: Justin Varghese. Who lives in Dubai or is temporarily resident, has no problems to trade cryptocurrencies from here. Because the free trade zone naturally allows trading and dealing with Bitcoin & co. One even hears again and again all kinds of interesting news from Dubai, which concerns cryptocurrencies.
Bitcoin trader uae9 Exchanges to Buy Bitcoin & Crypto in Dubai ()
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. Market holidays may change these hours. You can manage them any time by clicking on the notification icon. This section is about Living in UAE and essential information you cannot live without.
How to increase your loan eligibility in the UAE. Will bitcoin stage a blockbuster comeback? Image Credit: Gulf News archive. What is a fiat currency? Fiat money is a government-issued currency that isn't backed by a commodity or any underlying asset.
It is a currency established as money by government regulation that does not have any intrinsic value. What this means is Fiat money does not have use value, and has value only because a government maintains its value, or because parties engaging in exchange agree on its value.
Fiat money gives central banks greater control over the economy because they can control how much money is printed. Most modern paper currencies, such as the US dollar, are fiat currencies. Bitcoin is up about per cent in and the Bloomberg Galaxy Crypto Index has doubled in value amid a slew of firms looking to deepen their offering of cryptocurrency services.
Image Credit: Reuters. What is a CFD and how they work? A contract for differences CFD is a financial contract that pays the differences in the settlement price between the open and closing trades. CFDs essentially allow investors to trade the direction of securities over the very short-term. A CFD essentially enables you to trade a contract based on prices in the underlying market. CFDs are leveraged products, meaning you can put down a small initial deposit and still gain the exposure of a much larger position.
This can magnify your profits, though it can have the same effect on your losses. What is a long or short trade? A long trade is initiated by purchasing with the expectation to sell at a higher price in the future and realize a profit. On the other hand, a short trade is initiated by selling, before buying, with the intent to repurchase the stock at a lower price and realise a profit. Technical analysis focuses on the price movement of a cryptocurrency and its historical patterns, while fundamental analysis looks at the external factors and macroeconomic data that impact the digital asset.
Whichever method you choose, it is important to remain up to date with any news that could impact the market, as cryptocurrencies are especially sensitive to market sentiment.
Instead, wait for it to settle and purchase after the sell-off point Image Credit: Shutterstock. Please visit Rain for its exact pricing terms. It supports Bitcoin, Ethereum, Litecoin, Zcash and many other coins. It also offers unique features like copy trading. We may receive compensation when you use eToro.
Please visit eToro for its exact pricing terms. Coinmama allows customers in almost every country to buy bitcoin. They charge a 4. Want to buy using Coinmama? This step-by-step guide will show you how to use Coinmama. We may receive compensation when you use Coinmama. Please visit Coinmama for its exact pricing terms. Founded mid, Kraken is the one of the world's largest cryptocurrency exchanges, and the largest in Europe based on daily average trading volume.
It is available in almost all countries. LocalBitcoins is an escrow service which also helps to match bitcoin buyers and sellers. Users may advertise trades for whichever payment method they prefer. Buying bitcoins via an in-person meeting, secured and facilitated by LocalBitcoins, may be one of the fastest and most private ways to buy bitcoins in any country, including the United States , Europe besides Germany , UK , Singapore, Canada , Australia and many more.
We may receive compensation when you use LocalBitcoins. Please visit LocalBitcoins for its exact pricing terms. BitOasis is a Bitcoin platform serving the Middle East. UAE clients may also deposit funds via exchange houses. You can use our Bitcoin ATM map to buy bitcoins with cash.
Bitcoin ATMs can be a quick and easy way to buy bitcoins and they're also private. 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.
If you want to buy Bitcoin, you need a way to store your investment. Storing your coins on an exchange wallet is risky because centralized exchanges are subject to hackers and theft. Using a cold storage hardware wallet like the Ledger Nano S or the Trezor is the best way to keep your investment safe. After you buy a wallet, choose one of the exchanges above that best suits your needs in terms of limits, fees, and privacy.
This showed the world that indeed bitcoin can be used as a payment option — not just a digital asset. There are many options, but we will take you through the most accessible routes. There are four main exchanges you can use to purchase bitcoin in the Middle East.
Note: Remember that each of these exchanges has its Pros and Cons , which we will look at, so weigh your options depending on your needs. Since the platform offers a unique way to purchase bitcoin, it boasts many benefits for investors. One of the most striking things about Regal Assets is the cold storage and offline wallet that they offer. When you purchase bitcoin and other cryptocurrencies, your private keys are stored in a cold wallet securely located away from any natural disaster, emergency or government confiscation.
The company is responsible for safekeeping including transportation and vault security. There are three steps in the account creation: 1 Account holder information, 2 Birth information, and 3 Source of funds. Step 2: Once you are given access, fill out the provided form, and your account will be reviewed and set up within 24 hours. They will load your account and proceed to put the funds in cold storage for the utmost security. Step 5: At any time, feel free to call your personal company representative for updates on your account.
International Investors: www. Home: www. Regal Assets has been a featured member of the BCA due to their high level of customer service. With a 5 star out of 5-star customer service review and over reviews, Regal Assets has earned a preferred membership status with TrustLink.
Magazine has ranked Regal Assets No. Disclosure: The owners of this website may be paid for sales or leads generated from recommendations or links to various investment opportunities. We strongly recommend seeking the advice of your financial adviser before making any investment.
But I am not familiar with the specific product to assert whether it is the best potential setup. And we need a long time to establish confidence. They serve countries worldwide. LocalBitcoins serves as a marketplace where you can buy bitcoin from local sellers and have the ability to haggle for a favorable price.
The platform is simple to use and fun to navigate. It is easy for a registered trader in just about any city or country around the world to locate and find a nearby bitcoin merchant. Registering, buying and selling bitcoin on LocalBitcoins is completely free and getting verified is fast and only requires 1 E-mail, 2 Phone number or 3 Identity verification.
Every bitcoin seller has a rating, so when it comes to performing a transaction your choices are flexible and can be instant. 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.