Established in August , Bitex UAE is a Dubai-based secure, professional trading platform that facilitates the buying and selling of digital currencies including Bitcoin, Ethereum, Litecoin, and Ripple. Bitex UAE addresses a growing demand in the Middle East and North Africa for a secure cryptocurrency wallet and trading platform. 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. Sep 15, · BitOasis is a digital currency exchange in the Middle East that allows for the sale and buy Bitcoin in Dubai. You can also use them as a digital wallet. On the their web page, you will be able to find the current price of Bitcoin. From there, you’ll need to purchase a voucher from your account, which you can trade for bitcoins.
Bitcoin trading dubai19 Exchanges To Buy Bitcoin In Dubai, United Arab Emirates ()
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.
Users with a wallet address can share their Bitcoin address or QR code to accept funds and must safely store their private keys in a secure location. Each transaction generates a public key which can be viewed on the Bitcoin blockchain using the Block Explorer.
Investors and traders can buy, sell or hold Bitcoin on digital asset exchanges across the world in real-time and easily send them to friends and family if they wish to do so. Be sure to store your hard-earned Bitcoins within a secure hardware wallet such as the Ledger Nano , KeepKey or Trezor for portability and safekeeping.
The price of Bitcoin is the same anywhere you are. Skip to content UAE. Pros Diverse selection of markets Excellent reputation User-friendly interface Great customer support Low fees. The Dubai Silicon Oasis free zone will be the first to implement the technology. This has opened the door to Bitcoin and cryptocurrency investment by Muslims around the world. Note that this declaration should not be presumed to extend to each and every cryptocurrency, as some contain an element of interest earned on loans.
To the best of our knowledge, none of the coins offered by Coinmama fall in this category. Although Dubai and the UAE have clearly embraced blockchain, the legal and tax status of Bitcoin is still somewhat unclear. While Bitcoin is not explicitly legal within the region, regulators will not prosecute those who trade in it.
The Dubai Financial Services Authority has publically warned against the high risk of cryptocurrencies but washed its hands of their regulation. After a few moments, the order will be processed and the payment will be approved. Your wallet then needs to be confirmed. In approximately 10 minutes, you will receive payment to bitcoin at the address you supplied.
After a further 10 minutes or so, this transaction should appear as confirmed within your wallet. Note that during times of especially high traffic, your transaction may take slightly longer to confirm. Dubai is likely to emerge as a regional or even world leader in the implementation of blockchain technology.
However, this should not be taken to imply that all things crypto are permissible. We at Coinmama recommend that our valued clients in Dubai and the UAE conduct their own research into local taxation laws and all other regulations which pertain to cryptocurrency.
On the next step you will be guided to a page where you will need to deposit funds to get your voucher. Once the payment is sent the funds will be visible on your voucher which is the door to buy bitcoin in UAE. Once you click on the Buy Bitcoin Button you will be redirected to the purchase confirmation page which is basically a receipt for your purchase make sure you save a screenshot of it.
First of you will see a pending order sign which will hide after the transaction was successful processed. What makes it different is the last decision to invest your money in cryptocurrencies.
What you should take into consideration before you invest money in bitcoin:. This is a leading exchange that has gained popularity over the years since Online reviews suggest that they are a very reliable source of digital currency.
As you can see above, getting hold of Bitcoin for investment purposes is relatively easy, so long as you know where to go, and you have a bank or credit card to use. Bitcoin could be a great way for you to expand your investment portfolio for your retirement account as well to improve your finances. We have published an article about the Bitcoin IRA investment options here.
Just make sure that before you get into a Bitcoin investment, you understand that you are taking a financial risk. What is Bitcoin and What Is Blockchain? Bitcoin runs through a technology ledger called the Blockchain, and the most important fact any investor can remember is that the supply of Bitcoin is finite.
Bitcoins are developed through a unique process called mining. Transactions are verified by miners that deal with huge mathematical equations on a regular basis. While there is a host of different cryptocurrencies available today, Bitcoin remains the first and most well-known. Some other popular options include Dash, Ripple, Ethereum, and Lite coin.
That wallet is a string of code that allows you to transfer your coins and use them for purchases. It is really hard and techy to explain how mining really works. What is most important to know is that you need a computer with a special and predefined graphics card, a mining software which is downloadable from the web and some patience.
The most recommendable option for beginners is to join some of the already generated mining pools which share the same goals as you do.
Fact is that the more people are in the pool the stronger your computer power will be and more Bitcoins will be mined.