Crypto this, Bitcoin that. These buzzwords have taken the internet by storm in recent years and for good reason. Crypto is the future of the financial economy. With the right platforms and strategies, there’s no stopping enthusiasts from getting their dirham’s worth.
Cryptocurrency exchange in Dubai particularly, is a great microcosm of the whole global industry. Want to sell Bitcoin in Dubai? Curious about how to best trade your assets? Interested in buying the most trending NFTs? You can do all this with an immediate online community.
But how do you know which platform is the best one to go to? The most basic measure must be having a Dubai crypto exchange license to ensure legitimacy. Other than that, the choice would depend on your familiarity with the industry, along with your priority features.
Today we handpicked five of the best crypto exchanges in Dubai that correspond to each specific need.
eToro
New to crypto exchange in Dubai? eToro might just be the best broker for you. Aside from its beginner-friendly interface, eToro also allows you to replicate the strategies of other traders through its copy trading feature. Nothing beats learning straight from the experts. This is why the same feature allows you to consult with other traders and ask all your worries away. With direct access to experts, eToro is a great place to learn and grasp the crypto industry.
In addition, eToro is regulated by the Abu Dhabi Global Market (ADGM) so crypto traders in Dubai can be sure that their assets are in good hands. However, it is worth noting that eToro only accepts currency in US Dollars so be prepared to pay for a conversion fee from AED to USD.
OKX
Okay, so what if you’re not a newbie but someone who is already familiar with the ins and outs of crypto exchange in Dubai? Then how about a little challenge and forget about the best crypto exchange in Dubai? Go straight for a broker recognized as one of the best internationally! With an established presence in 100 countries worldwide, OKX proves to be a haven for crypto enthusiasts as it serves as a one-stop shop which offers not just trading and staking, but also loans and savings. Best part? OKX also offers in-house access to non-fungible tokens or NFT Marketplace.
With an app available for both web and mobile and with customer service channels open on a 24/7 basis, OKX makes sure there are little to no excuses when it comes to your goal of getting to sell Bitcoin in Dubai. That is, if you keep in mind the 0.2% taker fees and 0% maker fees. Piece of cake right?
Binance
Sure, great service and promising returns do sound nice. But where does security when you want to buy crypto in Dubai come in? Such is a valid question since it’s hard-earned assets we’re talking about. Fortunately, Binance allows you to sleep soundly at night knowing your investments can grow uninterrupted as it has one of the best security features in the industry. And let’s be real, that assurance is something money can’t buy.
Don’t believe us? Well, this is already proven to be true as it is one of the most trusted and recognized platforms on a global scale.
Unfortunately, Binance is not a place for beginners to do crypto exchange in Dubai to lay their cards on the table. This is because instead of offering pre-developed strategies, Binance lets you wander the woods on your own. Daunting and dangerous for newbies, but a source of adrenaline for those who know what they’re doing. Have fun exploring Binance’s flexible and customizable features to know what works best for you. Best part? They don’t charge fees for deposits and/or withdrawals. Talk about having a good deal!
Crypto Desk
Locally based in Dubai, Crypto Desk can give other sites a run for their money with its established presence in the crypto field. So, what makes Crypto Desk special aside from it being homegrown? The answer is over-the-counter (OTC) trading. This feature makes it possible for two users to transact directly, but all are still under the protection of regulatory standards.
Aside from OTC, Crypto Desk also boasts a user-friendly interface along with the absence of transaction fees, making the site suitable for both beginners and masters of the trade. With its continuous success, Crypto Desk is posed to be one of the leading exchange factors.
Bybit
Another expert-level trading platform when looking to sell Bitcoin in Dubai is Bybit. Sure, it has most of the other features that the first four platforms have. But what makes Bybit special, you ask? The answer is peer-to-peer or P2P trading. Bybit allows users to do direct crypto exchange in Dubai. Again, this feature is best for users who are already familiar with the ins and outs of UAE-regulated crypto exchange, as it gives users the freedom to trade with other users directly.
But of course, these services come at a price. Spot trading costs 0.1%, with maker rebates of 0.01%, and taker rebates of 0.06%
In addition, it’s worth mentioning that Bybit is also based in Dubai, giving UAE-based users the advantage of easier and faster customer assistance. Fond of supporting local? This might just be the site for you.
Conclusion
Got an idea yet on which crypto exchange site best fits your needs? Let’s do a quick rundown of the five above-mentioned sites!
eToro is the best choice for beginners as it allows interaction and imitation of expert traders. OKX is best for the intermediate level and for non-fungible tokens or NFT enthusiasts. Binance boasts its top-of-the-line security and charge-free transactions. Crypto Desk? The OTC masters. Lastly, ByBit is for experts looking into trading directly with other crypto enthusiasts.
No matter which site you choose, success in trading will still hugely depend on your strategies. So, it is best to learn all about the industry to make sure your Dubai crypto exchange cash will prosper and not be in vain.
Ready to start your crypto journey? Let’s get down to business.