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How to buy Bitcoin in UAE

Buying Bitcoin in the United Arab Emirates is a little different to buying traditional stocks and investments on normal brokerage platforms. The best way to buy Crypto in the UAE is through a specialist and licensed cryptocurrency exchange.

We recommend eToro UAE as a safe and trusted platform that gives access to resident of Dubai and other countries in the Middle East like Bahrain and Oman. The guide below is a quick summary on how to get started.

  1. Sign up to eToro
  2. Verify your personal information, or company information
  3. Deposit any currency via Bank Transfer, Bank Wire, Debit Card/Credit Card or PayPal
  4. Find Bitcoin in the Stock Search section
  5. Input the amount you want to invest and Buy Bitcoin
Buy Bitcoin in UAE with eToro

Is Bitcoin Legal to buy in United Arab Emirates?

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.

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Bitcoin Exchanges in UAE

The cards below are the two best Bitcoin and crypto exchanges for investors in the UAE. eToro is the go-to platform for retail investors in Dubai, while FTX is geared toward more high-net worths and professional traders.

eToro is a licensed and secure digital brokerage that allows investors in the UAE to buy and sell cryptocurrency, stocks, commodities, CFDs, bonds and much more. They offer the fastest fiat deposits and zero fees on all trades on their platform.

With eToro UAE you can get access to real Bitcoin and Bitcoin related stocks like Microstrategy, Coinbase and Grayscale all in one platform.

Pros

  • Widest variety of assets
  • Zero fees on crypto and stock trading
  • Sleek and easy to use app

Cons

  • Spreads can get wide
Usability
5 Star Buy Bitcoin Rating for Ease of Use
Privacy
4 Star Buy Bitcoin Rating for Privacy
Fees
4 Star Buy Bitcoin Rating for Privacy
Visit eToro UAE

FTX is a platform that provides an array of markets and tools for advanced traders to trade crypto derivatives, perpetual futures contracts, options, volatility contracts and much more.

This platform is the ideal way to get access to crypto markets for advanced traders and sophisticated investors looking for products like OTC.

Pros

  • Great for advanced Bitcoin traders
  • Add up to 20x leverage on trades
  • Best depth for perpetual futures

Cons

  • Difficult for beginners
Usability
5 Star Buy Bitcoin Rating for Ease of Use
Privacy
4 Star Buy Bitcoin Rating for Privacy
Fees
4 Star Buy Bitcoin Rating for Privacy
Visit FTX UAE

Buy Bitcoin OTC in UAE

For high-net worth investors looking to buy large parcels of Bitcoin, Ethereum or other digital assets, FTX is the gold standard in Dubai. Their platform offers live and free quotes via FTX OTC that allow you to get real-time quotes 24/7.

The FTX OTC Desk offers a white-glove service with an elite team of account managers to smoothly onboard you and walk you through the entire process.

FTX Dubai OTC Portal

Best Bitcoin Wallets in Dubai

If you are a new cryptocurrency investor that is not comfortable storing Bitcoin on a Hardware Wallet, you are safe to keep them on your preferred exchange like the ones listed above. Most top-tier exchanges offer hosted wallet services that are all the gold-standard in security and private key protection.

Visit eToro 

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