How to safely buy Bitcoin in (2021)
A guide to buying Bitcoin and cryptocurrencies securely and quickly in the United Arab Emirates (UAE). Review and compare the best Bitcoin exchanges as a resident of the UAE to get started.
How to buy Bitcoin in UAE
Buying Bitcoin in UAE is much easier than many think. It is as simple as picking an exchange, creating an account, depositing money and clicking "buy Bitcoin".
Where to buy Bitcoin
Review and compare the best cryptocurrency exchanges below to find the fastest and most secure way to make your first Bitcoin purchase in Australia. Buy Bitcoin Finder gives order placement preference to exchanges located in Australia, or exchanges that enable the smoothest verification for citizens of Australia.
The Premier Middle Eastern Exchange
Rain is one of the first Bitcoin and cryptocurrency exchanges in the Middle East that earned a regulatory license to legally operate out of UAE, Saudi Arabia and many other countries in the region.
Rain's platform is simple to use and enables its users to buy, sell and trade cryptocurrencies securely through the website or mobile application.
Pros
- The first cryptocurrency exchange in the Middle East
- Regulated and secure
- Low fees and great user experience
Cons
- Could offer more cryptocurrencies
The premier exchange for Bitcoin traders
Binance is arguably the world’s largest Bitcoin and cryptocurrency exchange. They offer the best platform for crypto to crypto trades if you are looking to boost your Bitcoin holdings and stack some satoshi’s.
Buy Bitcoin Finder recommends Binance as the best place to trade Bitcoin against other cryptocurrencies for the lowest fees and the deepest liquidity. Binance also offer a Bitcoin Futures trading platform with up to 125x leverage.
Pros
- The best exchange in the world to trade cryptocurrency
- Binance offers margin trading and perpetual futures
- Easy to use interface for new traders
Cons
- Fees for day traders can get expensive if you do not trade using Binance coin
Bitcoin and Crypto Exchange in the UAE
BitOasis is a Bitcoin exchange based in the Middle East that enables users in the UAE, Saudi Arabia and other countries to buy Bitcoin with a bank transfer or cash deposit.
They are a good local option for users looking to buy Bitcoin on a local exchange.
Pros
- 0.5% fee on all orders
- Good option to buy Bitcoin in the Middle East
- High multi-signature security protocols
Cons
- Not the most reputable exchange worldwide
Invest in Bitcoin with a Debit Card or Credit Card Instantly
Coinmama allows users from any country around the world to buy Bitcoin, Ethereum and Chainlink using their exchange. They are one of the few exchanges that allow Credit Card and Debit Card purchased for Bitcoin and crypto using Visa and Mastercard.
If you are a customer in Europe, you can also buy Bitcoin with a SEPA transfer for a lower fee. Coinmama is an extremely private and secure option to invest in Bitcoin as they will send it to your personal Bitcoin wallet, as opposed to having the Bitcoin or cryptocurrency on a managed and less secure wallet on their platform.
Pros
- Purchase crypto with a Debit Card and Credit Card
- Highest limit to invest in Bitcoin using a Credit Card
- Reliable and trustworthy exchange
Cons
- Relatively high fees when using a Debit Card or Credit Card
Peer to peer (P2P) Bitcoin exchange
Local Bitcoins is a decentralized exchange that acts as an escrow service to facilitate peer to peer buys and sells of Bitcoin by allowing users to list their own Bitcoin advertisements or trades.
Users can choose to meet and pay in person or online, making Local Bitcoins the most private way to buy Bitcoin. Local Bitcoins facilitates transactions in Australia, New Zealand, United Kingdom, United States, South Africa and virtually every other country around the world.
Pros
- The best choice for privacy
- Requires no personal information
- Instant purchases available with cash
Cons
- Users must be careful of scams
- Slightly higher Bitcoin price than exchanges
Trade a range of assets in one platform
eToro is a world renown multi-asset brokerage company that allows users to invest in Bitcoin as well as buy and trade other cryptocurrencies, stocks, ETFs, currencies, indices and commodities.
eToro is a well respected business that is best in class in terms of security and regulation from a global standpoint. eToro is available in most countries around the world including Australia, Canada, United States, United Kingdom, New Zealand and more.
Read our eToro Fees review if you are interested in learning more about pricing.
Pros
- Gold standard in terms of regulation and security
- Simple user interface for new traders
- Social trading allows you to copy trade famous traders
Cons
- It isnt a pure Bitcoin exchange, which results in high fees
Industry Leading Bitcoin Futures Trading Platform
Binance has created an industry leading Futures trading platform that allows users to trade Bitcoin, Ethereum, Chainlink and more against Tether (USDT) with up to 125x leverage. You can open a Binance Bitcoin Futures account anywhere around the world in minutes and gain access to deep liquidity, fast execution and an array of different features.
Click this link for an in depth Binance Futures Review.
Binance have the lowest fees for Bitcoin Futures trading and if you sign up through this link, you will get 10% taken off your trading fees.
Pros
- Very low trading fees at 0.1%
- Deep liquidity on Bitcoin and other cryptos
- Up to 125x leverage for futures trading
Cons
- You can only trade against Tether (USDT)
Crypto Regulation in UAE
As at the time of writing (August 2020) the United Arab Emirates (UAE) does not yet recognize Bitcoin as legal tender, however it is not banned in the UAE either. While financial authorities in the UAE have issued concerns against Bitcoin and cryptocurrencies in Dubai, buying and selling Bitcoin as well as other crypto is pretty easy.
If you are interested in buying Bitcoin in the UAE from a local exchange - BitOasis is one of the most prominent exchanges in the Middle East to buy, sell and trade Bitcoin as well as other cryptocurrencies.
If you want to buy Bitcoin in the UAE with a debit card or credit card, we recommend Coinmama as the easiest and best exchange to get this done.