A Beginners Guide on How To Buy Bitcoin in UAE and Dubai
Unless you’ve been living under a rock, then there’s a good chance you know all about the power of Bitcoin.
Recently, a publication called the Khaleej Times printed countless articles related to the benefits of Bitcoin and Blockchain technology, and more posts are being published every day about how to buy bitcoin in UAE and Dubai.
If you were lucky enough to invest in Bitcoin when it was still new to the financial marketplace, then you may already be a millionaire today.
Of course, even if you didn’t jump straight into the Bitcoin market, that doesn’t necessarily mean that you have missed your chance of earning huge amounts of cash. If you’re prepared to learn, then you could start your journey into Bitcoin today.
What Is The Best Way Buy Bitcoin and Other Cryptocurrencies in Dubai and UAE?
There are a few different options to buy Bitcoin and other cryptocurrencies in UAE and Dubai. You can buy them directly on exchanges or through a licensed broker like IQ Option, eToro, Pepperstone, etc.
As there were a lot of scams and hacker attacks on exchanges recently we suggest buying cryptocurrencies through an authorized dealer who purchases and stores your coins in a safe place. Underneath you will find a list of our personal favorite brokers to buy cryptocurrencies from:
1 Purchase Bitcoin through IQ Option
IQ Options is one of the world’s most trusted gold dealers, recently became the first company accredited by Dubai Multi Commodities Center (DMCC) to trade cryptocurrencies. What makes this way of purchase safe is their insurance protection against theft, hacker attacks and natural disasters for their market value and the additional free cold storage of your coins in the DMCC headquarters (Almas Tower in Dubai).
2 Purchase Bitcoin through eToro
eToro is an established multi-asset brokerage company and award-winning social trading broker based in Israel since 2007.
eToro is an FCA regulated entity when operating in the UK, an Australian entity in Australia, and a Cypriot entity for international customers.
eToro is considered to be a trustworthy platform as it is regulated by an established regulator while being a well-recognized startup. Its main operation is based around CFDs. CFDs are complex instruments that include leverage, so they come with a higher risk.
eToro AUS Capital Pty Ltd, ABN 66 612 791 803 AFSL 491139. CFDs are highly leveraged and risky, and may not be suitable for all investors. You may lose more than your initial investment. Trading CFDs does not result in ownership of the underlying assets. You should obtain your own advice and refer to our FSG and PDS before deciding whether to trade with us.
3 Purchase Bitcoin Through an Exchange
For individuals in Dubai, there has recently been a huge demand for Bitcoin, and the other way to invest in Bitcoin is through an exchange called BitOasis.
BitOasis is a digital currency exchange in the Middle East that allows for the sale and buy Bitcoin in Dubai. You can also use them as a digital wallet. On their web page, you will be able to find the current price of Bitcoin. From there, you’ll need to purchase a voucher from your account, which you can trade for bitcoins.