How to Buy Bitcoin and Crypto in United Arab Emirates
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The United Arab Emirates (UAE) has a growing cryptocurrency market, and it is possible to buy Bitcoin and other cryptocurrencies in the country. Here are the steps to buy Bitcoin and other cryptocurrencies in the UAE:
Choose a cryptocurrency exchange: There are several reputable cryptocurrency exchanges operating in the UAE, including BitOasis, Kraken, and Binance. Choose an exchange that is available in the UAE and offers the cryptocurrencies you want to buy.
Register an account: Once you have chosen an exchange, register an account by providing your personal details, including your name, email address, and phone number. You may need to provide additional identification documents to verify your account.
Fund your account: You can fund your account by transferring money from your bank account or using a credit/debit card. Some exchanges may also offer other payment options such as PayPal or Skrill.
Buy Bitcoin or other cryptocurrencies: Once your account is funded, you can buy Bitcoin or other cryptocurrencies by placing an order on the exchange. You can choose to buy at the current market price or set a limit order at a specific price.
Store your cryptocurrency: After buying Bitcoin or other cryptocurrencies, you will need to store them in a digital wallet. Most exchanges offer digital wallets, or you can use a hardware wallet for added security.
Please note that cryptocurrency regulations in the UAE are still developing, and the government has issued warnings about the risks of investing in cryptocurrencies. It is important to do your own research, understand the risks involved, and invest only what you can afford to lose.
Buy Bitcoin and Crypto through Coinbase
- Coinbase is a convenient and cheap way to buy Ethereum and the platform is open to 200+ countries). Coinbase will sell you CRO for a variable fee that depends on your payment method (credit cards have a higher fee than wire transfers), order size and market volatility. Here’s how you buy Ethereum on Coinbase: Open a Coinbase account Add your payment method (Credit card or bank account) Go to “Buy/Sell” and select the amount of Ethereum you desire Click “Buy Cronos”
Buy Bitcoin and Crypto through Crypto.com
- Crypto.com is a cryptocurrency exchange company based in Singapore. As of May 2022, the company reportedly had 50 million customers and 4,000 employees. The exchange issues a token, Cronos.The company was initially founded in Hong Kong by Bobby Bao, Gary Or, Kris Marszalek, and Rafael Melo in 2016 as “Monaco”. In 2018, the company was renamed as
Buy Bitcoin and Crypto through MEXC
- Founded in 2018, MEXC Global is known as the exchange of high performance and mega transaction matching technology. The team at MEXC Global are some of the first movers and pioneers of financial and blockchain technology. Currently, MEXC Global caters to 10 M+ users in more than 170 countries around the world and we have just started.
Buy Bitcoin and Crypto through Kucoin
- Kucoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges and already has over 8 million registered users from 700+ countries and regions. According to Alexa traffic ranking, KuCoin’s monthly unique ranking is in the top 5 globally. Known as the “People’s Exchange”, KuCoin operates in Seychelles, providing users with multi-language and 24/7 customer service. Meanwhile, KuCoin has established local communities all over the world in South Korea, Japan, Spain, Italy, Vietnam, Turkey, Russia, India, and other regions, providing users with the most local services. Currently, 1 out of every 4 crypto holders in the world is with KuCoin.
Buy Bitcoin and Crypto through Bitfinex
- Bitfinex is a cryptocurrency exchange owned and operated by iFinex Inc registered in the British Virgin Islands.Their customers’ money has been stolen or lost in several incidents, and they have been unable to secure normal banking relationships.Bitfinex was founded in December 2012 as a peer-to-peer Bitcoin exchange, offering digital asset trading services to users around the world. Bitfinex initially started as a P2P margin lending platform for Bitcoin and later added support for more cryptocurrencies.