Living in the UAE and looking to buy and sell cryptocurrencies? There are a plethora of crypto exchanges able to facilitate this – however, with so many providers, it’s hard to separate the good from the bad.
Reputation, low fees, and listed markets are just some factors to think about when choosing a suitable exchange. In this guide, we review the best crypto exchanges in the UAE and explain how to get started today with your very first trade in under five minutes!
#1 Crypto Exchange UAE – eToro
Best Crypto Exchange in the UAE – Top 4 List
Below you will find a list of the best crypto exchanges in the UAE.
- eToro – Overall Best Crypto Exchange in the UAE
- Coinbase – Best Cryptocurrency Exchange in the UAE for Beginners
- OKEx – Great Low-Fee Crypto Exchange in the Exchange UAE
- Binance – Top Crypto Exchange in the UAE for Asset Diversity
Next, you will find a full review of each of the above UAE crypto exchanges for your consideration.
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.
Best Crypto Exchange in the UAE – Full Reviews
Important criteria for finding a safe place to buy and sell digital currencies include reputation, low fees, market diversity, payment methods, and more. When researching the best crypto exchange in the UAE, you might want to consider the following top-rated platforms.
3 Providers that match your filters
for $100 you get
CFDs are complex instruments and carry a high risk of losing money quickly through leverage. 75% of retail investor accounts lose money when trading CFDs from this provider.
for $100 you get
CFDs are complex instruments that have a high risk of losing money quickly due to leverage. 72.6% of retail investor accounts lose money trading CFDs with this provider.
for $100 you get
CFDs are complex instruments and carry a high risk of possible rapid loss of capital due to their leverage. 71% of retail investor accounts lose capital when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take high risk in losing your capital.
1. eToro – Overall Best Crypto Exchange in the UAE
eToro is the overall best crypto exchange in the UAE for numerous reasons. Securing your funds and assets is extremely important when buying and selling digital currencies – so you will be pleased to know that top-tier financial regulators the FCA, ASIC, and CySEC approve and regulate this platform. As such, it is considered a safe environment for people living in the UAE. Here you can easily access the world of cryptocurrencies – with the minimum investment starting from just $25 (around 92 AED).
This crypto exchange only charges the spread when trading digital currencies. This starts from just 0.75%, which is very competitive in this industry. For newbies, one of the most intimidating things about buying cryptocurrencies is safely securing them. At eToro, you can buy, sell, swap, and store your tokens on the safety of the platform itself. This also means when you want to cash out your investment, you just need to create a sell order – rather than making various transactions between wallets or third-party exchanges.
There is a selection of cryptocurrencies listed at eToro, which includes the likes of Bitcoin, Ethereum, Litecoin, Ripple, and Polkadot. This guide also found newer additions like Shiba Inu, Algorand, Spark, Compound, Aave, and many more. Entirely different markets include stocks, indices, ETFs, commodities, and forex. When creating an account with this provider, it will give you a free demo portfolio with $100,000 – for those who may want to get to know the platform and its features better. Furthermore, if you like the idea of mirroring the trades of a seasoned crypto trader, you can check out the Copy Trading tool.
In this instance, you will view a list of vetted investors called ‘Copied Traders’ and select one based on aspects such as favored asset classes, gains, risk level, and more. Let’s say you invest $1,000 in CopyCat123 and this person allocates 3% of their equity to Ethereum. You will have passively invested $30 in ETH tokens. There is another passive trading tool called CryptoPortfolio, which offers a balanced portfolio of assets based on the market you are interested in. This feature allows you to invest in a basket of digital assets managed by the eToro team – with management tools and risk considerations unique to you.
To enjoy the full benefits of the eToro platform, you will need to complete a KYC process. This must be done before making a withdrawal or depositing an amount over $2,250 (approximately 8,265 AED). For those unaware, this entails uploading some documentation so that the broker can validate your identity. We offer a step-by-step walkthrough of the sign-up procedure at the end of this guide. This top-rated crypto exchange supports deposits via credit or debit cards, bank transfers, and e-wallets and will convert your AED to USD (the currency it operates in) for a conversion fee of 0.5%.
- Invest in cryptocurrencies on a spread-only basis
- Buy thousands of international stocks at 0% commission
- Minimum investment per trade from just $25
- Supports debit/credit cards, e-wallets, and local bank transfers
- Regulated by the FCA, CySEC, and ASIC
- Used by over 20 million people
- Perfect for beginners
- Social and copy trading tools
- Perhaps too basic for technical traders
- No support for MT4 or MT5
Cryptoassets are highly volatile unregulated investment products. 67% of retail investor accounts lose money when trading CFDs with this provider.
2. Coinbase – Best Cryptocurrency Exchange in the UAE for Beginners
If you consider yourself a novice investor and are looking for the best cryptocurrency exchange for beginners – look no further than Coinbase. This platform is super easy to navigate and makes buying digital currencies a stress-free affair for all skill sets. Furthermore, the provider caters to millions of clients worldwide. The minimum investment in this asset class starts from 2.00 units in your currency – in this case, AED.
Listed crypto-assets include Bitcoin, Litecoin, Ethereum, Dash, Polkadot, and more. You will also find markets such as Solana, Dogecoin, Polygon, Chainpay, Yearn Finance, Dai, and many others. Unlike eToro, Coinbase charges a standard commission of 1.49% to buy and sell digital currencies. To put this into perspective, for every $100 you allocate to a trading order, you need to pay $1.49 – which can soon add up. With regards to the safeguarding of your crypto tokens, Coinbase keeps 98% of clients’ funds in cold storage away from the internet.
The exchange also goes one step further by offering an opt-in feature called whitelisting (a safe crypto address list), as well as two-factor authentication for an additional layer of security. Back to fees, if your preferred payment method to invest is a debit card – this exchange stipulates 3.99% of the purchase amount. This is expensive compared to the 0.5% exchange fee charged to deposit at eToro. You may also opt for a UAE bank transfer, which is free but takes longer to clear so will therefore delay how quickly you can access the digital markets.
- One of the most popular cryptocurrency exchanges
- More than 56 million users
- Supports instant debit card purchases
- Dozens of digital currencies to choose from
- Institutional-grade security practices
- Debit card deposits are expensive at 3.99%
- You will pay a standard trading commission of 1.49%
at eToro, the UAE’s #1 Broker
Cryptoassets are highly volatile unregulated investment products. No EU investor protection
3. OKEx – Great Low-Fee Crypto Exchange in the UAE
Another option to buy and sell crypto in the UAE is OKEx. This exchange has more than 20 million clients on its books. Notably, commissions start from 0.10% – both to enter and to exit the market. If you plan on trading large amounts, this will be reduced. Opening an account is fast and takes very little effort, especially if you already hold some digital tokens, as you can make a deposit without the need to complete the KYC process first. The minimum requirement to get started is just $10 (approximately 37 AED).
On the other hand, if you would prefer to deposit with AED via credit or debit card, or UAE bank transfer, you will need to upload the aforementioned documents. At OKEx, there are over 400 supported crypto pairs to buy and sell. This includes tokens with huge trading volumes such as Bitcoin, Ripple, Ethereum, IOTA, NEO, and more. Newer digital markets include Populous, Strike, Baby Dogecoin, OMG, DAI, Decentraland, SushiSwap, and plenty of others. This crypto exchange offers spot trading, options, futures, and other derivatives. This means you have the ability to add leverage and short sell your chosen market.
This crypto exchange provides access to a built-in multi-currency wallet to store your digital assets. This wallet can be accessed via a mobile device and comes with a unique private key, which you are tasked with taking care of yourself. If you would rather not take on the responsibility of securing your tokens and such, you can opt for the custodial web storage option. In this scenario, to avoid presenting a long list of transactions to the blockchain, OKEx uses a ledger of account balances and a centralized order book system – as…
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