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. Dec 07, · BitOasis, founded in and based in Dubai, is one of the largest cryptocurrency exchanges in the Middle East, particularly for trading Bitcoin, among other cryptocurrencies it Author: Justin Varghese. Bitcoin Automated Trading. Buy and sell Bitcoin with the Automated Bitcoin Trader. Bitcoin Trader delivers signals based on trading indicators. Trade Bitcoin, .
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They will also respond to the chat section, asking you to send the payment. 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. The Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. Atomic wallet is a multicurrency mobile wallet with a beautiful interface and easy to use features. Electrum is a Bitcoin-only wallet that has been around since It's easy to use, but has advanced features. Habibi Coin was supposed to be a "real-estate backed" cryptocurrency. Unfortunately for its investors, most of whom belonged to the Muslim Entrepreneur Network facebook group, Habibi Coin was just a scam to get investors into fake real-estate deals that enriched Mirza who never bought any real estate.
If you want to acquire Bitcoin as quickly and efficiently as possible, buying it directly from an exchange or peer is your best option. More tech-savvy individuals may opt to mine their Bitcoin instead, but mining requires expensive hardware, lots of electricity, and a ton of time.
Large operations in countries with cheap electricity are responsible for the majority of Bitcoin mining. These operations can turn a profit at scale, under the right conditions. But unfortunately, Bitcoin mining is not profitable for the average Joe, thanks to the price of electricity and the increasing Bitcoin block difficulty. However, electricity costs in the UAE aren't high by any stretch of the imagination.
Coming in at 0. Still, electricity in the UAE is pricier than China, home to many of the largest mining farms. If you're expecting to turn a profit, think again. At least, this the case for the casual investor. Aston Plaza and Residences in Dubai were offering the first residences in their tower for Bitcoin purchase only. If you wanted to pay in Cash, you had to wait.
However, all of these units have been sold. Besides Aston, There are few known developers stating publicly that they accept Bitcoin, there have been reports that many developers are open to accepting Bitcoin when offered by a prospective customer. You can get Bitcoin debit cards in Dubai by using Pursa.
Local Bitcoins is another option. Here, you can buy and sell Bitcoin for a wide range of payment methods, from gift cards to bank transfers. Local Bitcoins is a peer-to-peer P2P exchange, where you buy and sell with another individual. This does introduce a degree of risk, though by ensuring that you conduct all business on the platform, make use of its escrow services, and only trade with users who have a good reputation, you'll minimize any potential problems.
Disclaimer: Buy Bitcoin Worldwide is not offering, promoting, or encouraging the purchase, sale, or trade of any security or commodity. Buy Bitcoin Worldwide is for educational purposes only. Every visitor to Buy Bitcoin Worldwide should consult a professional financial advisor before engaging in such practices.
Here are a few UAE-based and international cryptocurrency exchanges that accept accounts from UAE nationals and residents, and a brief overview about each of them, and what to keep in mind about each:. BitOasis, founded in and based in Dubai, is one of the largest cryptocurrency exchanges in the Middle East, particularly for trading Bitcoin, among other cryptocurrencies it avails the option to trade.
BitOasis allows transactions in USD and AED as well as the use of local credit cards, while also providing an option for users to store cryptocurrencies on its platform through online web wallets. Keep in mind that the exchange requires a minimum deposit of Dh that can be accepted via bank transfer or cash deposit.
UAE clients may also deposit funds via exchange houses. While the platform is considered among the most popular means to buy Bitcoins in the countries it services, some of the other perks include multi-signature security measures, which requires more than one signature to transfer funds — enhancing security.
Moreover, while there are no registration fees, but users will be charged a 0. Among the newer cryptocurrency exchanges, Palmex — established in — is also based in Dubai. While the website claims site claims comparatively better security standards and minimal trading fees, the firm does not accept fiat currency for deposit, so you must open an account with Bitcoin or other accepted cryptocurrencies. When a market charges Taker and Maker fees, they differentiate whether you're increasing the size of the order book or decreasing the size of the order book.
When you create an order that is immediately matched with already existing orders, you're a Taker because you take liquidity from the market. When you add an order that doesn't match existing offers, you add liquidity to the market and are charged a Maker fee.
While a trade order gets the Maker fee if the trade order is not matched immediately against an order already on the order book, which adds liquidity, a trade order gets the Taker fee if the trade order is matched immediately against an order already on the order book, which removes liquidity.
Simply put, a maker fee is when you create an order on the order book this could be a buy or a sell and someone else completes it, therefore you pay no fees and get the amount paid.
The one that completed your order pays the fee. The other way around, if you sell into an order already posted, you pay the fee, and they do not. Binance has a trading fee structure that is based upon day trading volume or hour Binance Coin holdings. Trading fees range from 0. Additionally, both Maker and Taker can receive a 25 per cent discount by using Binance Coin instead.
Binance facilitates the deposit and withdrawal of funds in crypto and fiat money. The trading fees average at 0.
Kraken is the one of the world's largest cryptocurrency exchanges, and the largest in Europe based on daily average trading volume. Founded mid, it is available in almost all countries. While the platform charges a comparatively lower 0. Among surveyors and matter researchers, it is highly-rated for security and data protection. However, it requires ID verification, so it is not considered to be private. The user interface is considered to be much more complex for newbie Bitcoin traders.
Anyone wishing to trade futures contracts will also need to undergo a KYC verification. After opening an account with a suitable platform, one then buys Bitcoins and adds it to one of the wallets mentioned initially.
You can use Bitcoin ATMs to buy bitcoins with cash. Bitcoin ATMs can be a quick and easy way to buy bitcoins and they're also private. However, that convenience and privacy, comes with a price; most ATMs have fees of 5 per cent to 10 per cent. From there, you'll be able to withdraw your funds. There are two ways to trade Bitcoin: Buy the cryptocurrency itself in the hope of selling it on at a profit, or speculate on its value without ever owning the token. The latter is how CFDs work.
To trade, when simply put, one first finds a suitable opportunity or price of Bitcoin to trade, takes a position — which generally means to determine whether or not the price will rise or fall, and lastly all that is left is to monitor your trade and take a call whether to buy or sell. Increase your exposure to Bitcoin with leverage using borrowed funds to increase one's trading position and go long or short on the price — all without the expense of an exchange account.
Having a trading plan is crucial to success for any trader but even more so for Bitcoin traders because the market can see high amounts of volatility, given that volatility makes the market extremely attractive, but difficult to trade. This is why your trading plan should include ways to manage risk, by outlining your goals and a methodology for entering and exiting trades — known as a trading strategy.