Best crypto exchange in the UAE: The top 7 picks
The United Arab Emirates (UAE) has become a global hub where innovation and prosperity collide. Due to this, the country has a dynamic financial ecosystem where crypto investors can also thrive. If you're looking to invest in crypto and searching for the best crypto exchange UAE option, this article might help.
Here, you can find the top seven cryptocurrency exchanges in UAE based on their trading features and ease of use. So, let's delve in!
Which is the best crypto exchange UAE option?
Here are the seven best crypto exchanges in the UAE.
The most popular crypto exchange UAE option is Binance. It's the largest cryptocurrency exchange in the world in terms of its trading volume, markets, and liquidity. The platform offers more than 350 digital coins and supports various fiat currencies, including AED. Furthermore, this option is secure for UAE investors as it is licenced by Dubai’s Virtual Assets Regulatory Authority (VARA).
The best thing about the Binance exchange is that the trading fee on the platform is minimal. The transaction fee on the platform could be as low as 0.10%. Besides, you can earn rewards based on a certain percentage if you have idle cryptocurrencies.
Coinbase is among the leading crypto exchanges renowned for its security and user-friendly interface. The exchange has a global footprint as it is licenced by various regulators, including the FCA and FDIC. It can also serve Emirati users as it seeks approval from Dubai’s Virtual Assets Regulatory Authority (VARA) and Abu Dhabi Global Market (ADGM).
Coinbase introduces a wide range of virtual assets and fiat currencies you can easily buy. The trading fee on the platform varies between 0.05% and 0.6%. Plus, it has a cryptocurrency staking option, allowing you to gain crypto profits.
Another crypto exchange UAE option on the list is eToro. It's a platform that presents diverse investment options, including digital assets. You can buy and sell more than 75 coins, including all the popular ones like BTC, ETH, and XRP. The platform is famous for offering a beginner-friendly procedure for buying and trading cryptocurrency.
The eToro broker is an economical platform that charges only 1% as a transaction fee. Its users are also well-protected as it follows several investor protection measures. Also, eToro has a social trading service that allows novice traders to gain experience by following the trades of other traders.
CoinMENA is yet another option for the best crypto exchange in the UAE. The platform is specifically designed for digital asset investors in MENA (the Middle East and North Africa), hence the name "CoinMENA.” It is based in Bahrain and is authorised by the Central Bank of Bahrain. It is one of the most trusted exchanges in the region that has also secured a licence from VARA.
Moreover, the CoinMENA exchange is Shariah-compliant, so Muslim investors may find it the ideal forum for buying and selling cryptocurrency. It also has an amount-based fee structure. This means if you are trading more volume of crypto, you will have to pay less.
BitOasis crypto exchange in UAE is also a viable option for trading cryptocurrencies. The platform is based in Dubai and caters to investors across the Middle East. It currently deals in more than 60 virtual assets you can purchase with AED and other fiat currencies. It has a seamless procedure for opening an account and registering on the platform.
BitOasis acquired the Operational MVP Licence in March 2022, but VARA revoked it in July 2023. Currently, it is working out the terms to renew the authorisation from VARA. The platform is hopeful to meet the requested conditions from Dubai's financial regulator.
Crypto.com is also a well-known cryptocurrency exchange globally, and Emirati investors may acquire its services. The platform was established in 2016 in Hong Kong and later shifted its operations to Singapore. It is currently catering to clients in more than 90 countries. What makes Crypto.com a unique option is its ecosystem of related services that include crypto interests, Visa cards, Crypto.com Pay, and an NFT marketplace.
The exchange charges around 2.99% for debit and credit card transactions. Meanwhile, for other trades through the exchange, you will have to pay a fee of around 0.40%. Aside from that, it gives you more than 250 options of virtual currencies, and you can begin trading for as low as $20.
OKX can be another trusted and secured crypto exchange UAE option. More than 300 coins are listed, with all the basic trading options like spot, futures, swap, margin, and others. It is one of the cheapest exchanges that allow you to trade cryptocurrencies at the lowest fee of 0.08%.
Moreover, the [OKX]https://www.okx.com/) exchange also comes with an NFT marketplace. It also has an OKX wallet where you can securely keep your coins. You can also join the OKX Earn program to generate passive income from your coins.
The UAE's crypto landscape offers a diverse array of exchanges catering to every trader's needs. From user-friendly interfaces to top-notch security features, these top seven picks stand as prime choices for confidently navigating the world of cryptocurrencies. Embrace the digital revolution and embark on your crypto journey with the best exchange for your trading goals.
Author: Wasay Ali
Wasay Ali is a versatile professional writer with global experience and a background in mechanical engineering and social science. He is adept at crafting news and informational content for the crypto space and has experience writing for other niches. He is a professional SEO content writer who has worked with several digital marketing agencies and clients in the US, UK, Pakistan, and Europe. He is a dedicated volunteer and enjoys reading, writing, poetry, and going to the gym. He is an INFJ-A personality type dedicated to positively impacting the world. Wasay has a passion for writing as it allows him to express his creativity, share his knowledge, and connect with people worldwide.