How to buy Bitcoin in UAE
Despite of the phenomenal success of Bitcoin, the options to purchase Bitcoin in UAE and especially Dubai are still limited. US and European markets are supplied well with crypto exchanges and trading platforms, each one offering their customers a diverse range of buying options like multiple payment options or ease of KYC verification. However the cryptocurrency market in Dubai and UAE has only a few trusted exchanges and trading platforms like BitOasis.
Buying and trading Bitcoin on a cryptocurrency trading platform is quick and easy. But before starting with the purchase of Bitcoins or other cryptocurrencies it is advisable to open a personalised crypto wallet. This is needed to store your crypto wealth safely with you and not rely upon the exchanges or third party facilitators. After this, all you need to do is to follow the steps below:
- Open your Account – Open an account with the trading platform like BitOasis. The account also needs to be verified with KYC (personal) details to adhere to legal guidelines and ensure security of the customers.
- Specify how much crypto to buy and send money to trading platform
- Receive crypto – Once your transfer arrives to the trading platform you will receive the crypto to your wallet
The purchased Bitcoins or other cryptocurrencies can be used for trading or as an investment for the future. The high return on Bitcoin investment makes it a lucrative investment opportunity for the investors in Dubai.
We have written a comprehensive guide on the different types of trading platforms available in the UAE, Dubai. Please read this section carefully before opening an account. There are always pros and cons when it comes to different platforms so make sure you understand them.
Also, read the cryptocurrency wallet section as there’s nothing more important than a secure wallet.