Summary: The best way to buy Bitcoin and Cryptocurrencies in the United Arab Emirates is through a Central Bank of UAE and DFSA regulated exchange.
We recommend a platform like eToro because they are licensed in the UAE and Abu Dhabi and offer over 65 cryptocurrencies for citizens of the United Arab Emirates.
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What is the best Crypto Exchange in UAE?
The best crypto trading platform available in the UAE is the eToro exchange. eToro is a multi-asset brokerage platform that provides investment options in cryptocurrencies, stocks, commodities, currencies, ETFs and indices. In addition to buying and selling crypto they also offer staking on three cryptos, Ethereum, Tron & Cardano.
eToro has over 2200 digital assets to invest in including 70 cryptocurrencies, 2260 stocks, 50 fiat currency pairs, 15 indices, 270 ETFs and 32 commodities. It is the most secure cryptocurrency exchange in the UAE and has never been subjected to a cyber attack or hacking incident.
How to Buy Bitcoin & Crypto in the UAE
If you're looking to buy Bitcoin and other cryptocurrencies in the UAE, you have come to the right place. You cannot use AED on the platform but when the funds arrive to your eToro account, it will automatically convert to USD from AED.
In this method we will show investors how to buy crypto via debit/credit card but you can also deposit via bank transfer, PayPal, Skrill and more. Follow the below steps to buy crypto in the United Arab Emirates.
- Sign up to the eToro platform and verify your identity
- Select 'Deposit Funds' on the left-hand side of your screen
- Fill in your Credit/Debit card details and the amount you want to invest
Once your funds have arrived in your eToro account, search for Bitcoin. BTC) or any cryptocurrency you wish to buy. Input the amount of USD you want to spend and click ‘Open Trade’
Is the UAE (Unites Arab Emirates) Crypto friendly?
Yes - Dubai has been one of the most progressive countries in the world when it has come to regulating Bitcoin and the digital asset market more broadly. The Emirate of Dubai has even set up a Dubai Virtual Assets Regulatory Authority to strictly oversee security and transparency for investors in the UAE.
eToro is legal and available to use in the UAE, it does not have a local office in UAE and isn't yet regulated by DFSA or ADGM. However, eToro is regulated by top tier international financial regulators like Cyprus Securities & Exchange Commission and Financial Conduct Authority (FCA), it is considered safe for UAE users.
Buying Crypto fees in the United Arab Emirates
When purchasing Bitcoin or any cryptos from a cryptocurrency exchange, it's important to remember the fees that are involved. Most centralised exchanges will charge typically two fees, the deposit and trading fee.
eToro does not charge UAE investors any fees to deposit funds on the exchange. Users will only need to pay the trading fee which is 1% anytime you sell or buy cryptocurrencies, the fee will be included in the quote price you receive.
Bitcoin Live Price and Chart in AED
Below you will find the Live Price and Chart for Bitcoin (BTC) in AED.