Bitcoin process

How to buy Bitcoin in the UAE? 

Cryptocurrencies are the trends of modern societies, and people worldwide are tempted to invest in them. The UAE is no exception. However, the crucial step to how to buy Bitcoin in the UAE is to know how cryptocurrencies work and how they are bought/sold. In this guideline, we will teach you how to find a crypto exchange in the UAE.

How to buy Bitcoin in the United Arab Emirates?

The United Arab Emirates and mainly Dubai is a crypto-friendly hub since it houses some wealthiest investors worldwide and boasts no crypto-taxation. Dubai, a city in the UAE, has policies wherein investors are being cared for and listened to. The situation has brought many opportunities both for investors and crypto lovers and, of course, many questions. 

Above all, The United Arab Emirates has a well-established pro-crypto regulatory framework. Cryptos are legal there, which means that it is the only country for this group of investors to live in with legal certainty, no income taxes, and no reporting requirements.

Therefore, you’d better pay attention to various criteria before investing in cryptocurrencies in a new place like the United States of Emirates. You may want to consider that the UAE’s focus on cryptocurrency has led to the country being well-placed to capitalize on the sector’s massive growth. According to Gemini’s 2022 Global State of Crypto report, total venture capital investment in crypto and blockchain start-ups in the UAE has surpassed $30bn, while one-third of the money was coming in the last quarter of 2021 alone. 

The main question may cross your mind regarding all this information: how to buy Bitcoin in the UAE. The question can have a wide range of answers, considering many cryptocurrency exchanges in and out of the gulf country. The same is true for other cryptocurrencies if you buy crypto in the UAE. However, the first and most crucial step is to find a crypto exchange in the UAE.

Cryptocurrency exchanges are online platforms that let you buy and sell cryptocurrencies from all over the world. They can be international or local. For example, you are also allowed local options if you live in Dubai and want to buy crypto in Dubai. In other words, there is no push to use a cryptocurrency exchange in Dubai.

However, using a local cryptocurrency exchange has some advantages. For example, you can’t use an international business far from you if you want to buy Bitcoin in Dubai with cash. You have to use a cryptocurrency exchange in Dubai in this situation.

You can use an international cryptocurrency exchange. Today, most exchanges from all over the world support the Bitcoin AED pair. They let you change Bitcoin to AED, Ethereum to AED (ETH to AED), USDT to AED, or any other pair you wish. The same rule applies when you want to sell Bitcoin in Dubai. But you must use a cryptocurrency exchange in Dubai if you want to sell Bitcoin in Dubai and receive cash instead. 

Still, it could be a question of how to buy Bitcoin in the UAE. You’ll figure that using a local exchange is wiser if you want to buy or sell cryptocurrency in Dubai. Finding a crypto exchange in the UAE is a simple way today. You only need to search on Google and find a long list.

Now you may wonder how I can find the best currency exchange near me. We want to introduce a famous UAE cryptocurrency exchange and an excellent tool for buying crypto in the UAE to you. This UAE crypto exchange is called Crypto Desk.

Why is Crypto Desk the best crypto exchange in the UAE?

While looking for a fit crypto exchange platform, it is essential to consider the number of digital assets it supports as well as its ability to trade fiat currencies. You also should pay attention to how easy it is to use, how much its transaction fees are, and finally, its security features and the ability to trade margin.

Having all these features in mind will bring a name to you: Crypto Desk, a well-known cryptocurrency exchange in Dubai that lets its users buy crypto in Dubai or buy crypto in the UAE the easiest way. This exchange was developed in 2015 and has been smoothly giving service to its users since then.

Crypto Desk is the fast and secure answer to how to buy Bitcoin in the UAE. It supports more than 500 cryptocurrencies and offers a reasonable exchange rate. A crypto exchange needs to support a wide range of cryptocurrencies. With Crypto Desk, you can access nearly any cryptocurrency you wish and buy crypto in the UAE without any concerns.

Aside from the features we referred to above, Crypto Desk has other advantages for its users. One of these advantages is supporting cash. These combined features have established Crypto Desk as a popular crypto exchange in the UAE.

Crypto Desk is the most popular Over-the-Counter or OTC platform in the UAE. It lets its users buy crypto in Dubai in cash, which is a beneficial feature, especially for beginners. Remember all the features you should consider while choosing a Crypto exchange in the UAE? Yes, Crypto Desk has all those six vital criteria, including supporting various digital assets, the ability to trade fiat currencies, ease of use, zero transaction fees, security, and the ability to trade margin. Crypto Desk’s trump card is its locality while being international. Locality brings trust and availability to any investor. At the same time, internationality assures every investor that they will not lag behind anything happening in the global crypto market.

Still, if you don’t know how to buy Bitcoin in the UAE and need an OTC platform, then Crypto Desk is for you.

Crypto Desk is not only an excellent option to buy crypto in Dubai but also a good option to sell Bitcoin in Dubai. The reason is what we just explained about buying crypto in cash. Since Crypto Desk is an OTC platform, you can use it to sell Bitcoin in Dubai and receive cash.

The last but not least significant advantage of Crypto Desk is its outstanding customer support. The customer support team at Crypto Desk tries to fix all problems within 24 hours. Inquiries in Crypto Desk are usually responded to in only a few minutes, which is excellent compared to other cryptocurrency exchanges in which fixing problems takes 3 to 5 days.

You may be told on different occasions to “go ahead and nail it; the crypto market is there waiting for you.” But believe me, it doesn’t mean jumping into any random exchange someone recommended. Don’t even take my words for granted when there is the chance to go and check the Crypto Desk OTC out by yourself while having your money in your pocket. Then you can see and decide if the Crypto Desk is the OTC you can trust or not. Let your eyes, heart, and of course, your brain make a choice, not any other one.

We have repeatedly noted that if you need to learn how to buy Bitcoin in the UAE, the first step is to find a cryptocurrency exchange. Options like using OTC platforms are only available if using a local exchange. It’s much better if you choose a crypto exchange in the UAE.

Steps to Sell BTC in Dubai from Crypto Desk

We explained here general but vital explanations for learning to Buy crypto in the UAE (or how to sell). Now we can start with more practical steps. The first fundamental instruction we will cover is how to sell Bitcoin in Dubai from Crypto Desk. We have already assured you that nothing will be complicated using Crypto Desk. So, don’t worry, it will be a piece of cake.  

To sell Bitcoin in Dubai from Crypto Desk, you need to follow the below steps:

  • Needs Emirates ID or passport
  • We share the wallet address with you
  • You can transfer the crypto to our wallet address
  • Collect the cash or transfer and get the amount credited to your bank account
  • We share the wallet address with you

The first step is transferring your bitcoins (or any other cryptocurrency you want to sell) to Crypto Desk’s address. Crypto Desk provides you with the corresponding wallet address, and you send your cryptocurrencies to that address.

  • Needs Emirates ID or passport

The essential condition to solve the mystery of how to buy Bitcoin in the UAE is to have identification documents. Nearly all cryptocurrency exchanges require some registration. The registration process may differ in cryptocurrency exchanges based on their rules and regulations. Buying and selling crypto on Crypto Desk requires an Emirates ID or passport. Yeah, it should be the first step, but I considered it a reminder here since, generally, wherever you want to do business, you should have your documents.

  • You can transfer the crypto to our wallet address

Transferring crypto is as easy as making an online purchase. Whether you have crypto in another exchange’s account or your wallet, you have a “send” or “transfer” option. You only need to select this option, determine the amount you want to send, enter the recipient’s address, and click on send (or transfer).

Sending your cryptocurrencies may take a few seconds to a few minutes. The time depends on the cryptocurrency you send and the number of transactions it processes per second.

  • Collect the cash or transfer and get the amount credited to your bank account

Now your cryptocurrencies are transferred to Crypto Desk’s address. You can decide whether to receive cash or transfer the amount to your bank account at this step. Crypto Desk will act as you wish.

Steps to Buy BTC in Dubai from Crypto Desk

Looking forward to know how to buy Bitcoin in the UAE? Do you want to buy crypto in Dubai but need to know how to do so? Do you want to buy crypto in the UAE but need to know what the best crypto exchange in the UAE  is? You are still wondering, where can I buy Bitcoin in Dubai? Are you still looking for the best cryptocurrency exchange in Dubai? These concerns are all logical but don’t be worried. We assure you that you won’t regret choosing Crypto Desk.

Benefits of Getting Bitcoin in the UAE

Cryptocurrencies are digital money not limited to a particular region or country. They are developed to be used and accessed by all people from all over the world. However, different countries have now begun regulating cryptocurrencies based on their national rules and regulations.

It’s undeniable that using cryptocurrencies in some countries is easier and more pleasant than in other countries. The UAE is one of those countries that has proved hospitable towards cryptocurrencies. Buying Bitcoin in Dubai has some significant advantages, including:

  • First crypto OTC exchange with a 0% fee in the world
  • Tax-free transactions
  • https://cryptodesk.ae/First crypto OTC exchange with a 0% fee in the world  

The UAE was the first country to host the first crypto OTC exchange with a 0% fee. OTC platforms usually take a percentage of the trade’s value as their fee, returning for the services they give. You can find OTC platforms like Crypto Desk in the UAE  with a 0% fee. Using Crypto Desk, change 1 Bitcoin to AED or convert cash to Bitcoin with a 0% fee. If you need to learn how to buy Bitcoin in Dubai with cash or convert crypto to currency, go to the previous parts.

  • Best price from Cryptodesk.ae Best price from Cryptodesk.ae

To find the best Bitcoin price in AED, you only need to check the market page of different exchanges. Just search the phrase where can I buy Bitcoin in Dubai or how to buy bitcoin in the UAE, and you will find several famous cryptocurrency exchanges.
Bitcoin price is around $20K at the time of writing. By the way, Bitcoin prices in the UAE may vary slightly in different cryptocurrency exchanges. This variance is due to various supply and demand levels in other exchanges. However, we again insist that the conflict is slight.

  • Tax-free transactions

Another benefit of buying Bitcoin in the UAE  is that cryptocurrency change in Dubai is tax-free. You don’t need to pay tax on the cryptocurrencies you buy or on their transactions. Therefore, change 1 BTC to AED on cryptocurrency exchanges or OTC platforms, and don’t be worried about paying taxes. I have already told you that the UAE is a pro-crypto country, haven’t I? 

We confidently claim Crypto Desk offers the best trading rate in Dubai and the UAE. You can check the validity of this proof by visiting the website at cryptodesk.ae. You’ll find the best Bitcoin price in the UAE  at Crypto Desk.

All these scenarios aren’t just about Bitcoin, however. The same is true for all cryptocurrencies. For example, you can trust Crypto Desk if you want to buy USDT in Dubai or other cryptocurrencies.


Steps to Buy BTC in Dubai, Choosing Crypto Desk

If you have decided, stay with us in the following parts to learn how to buy Bitcoin in the UAE using Crypto Desk.

  • Need Emirates ID or passport
  • Share your wallet address with us
  • We transfer the crypto to your wallet address in real-time
  • Needs Emirates ID or passport

Like selling Bitcoin, buying Bitcoin from Crypto Desk requires an Emirates ID or passport. Therefore, the first step is to give your Emirates ID or passport information to the exchange.

  • Share your wallet address with us

It would help if you had a cryptocurrency wallet to buy crypto in the UAE  or any other country. At this step, you, as the buyer, should give your wallet address to the exchange. Your wallet must support the cryptocurrency you want to buy. Some wallets are multi-coin, while others only help one or a limited number of cryptocurrencies. Choosing your wallet based on the cryptocurrency you want to buy would be best.

Go to your wallet and select the cryptocurrency you want to buy. You will see a “receive” option. Click on it, and you will get the required address. Then give that address to the exchange so it can send your cryptos. 

Keep in mind that Crypto Desk doesn’t accept third-party payment methods, which means Crypto Desk won’t give service to any user with another person’s ID proof. Any user can receive services only and only with their ID proof. Now you know how to buy Bitcoin in the UAE.

 

  • We transfer the crypto to your wallet address in real-time

Crypto Desk will instantly send your cryptocurrencies to your wallet. By the way, as we previously mentioned, this may take a few minutes. Every crypto transaction must be recorded on the blockchain, and the time it takes depends on that blockchain. For example, a Bitcoin transaction may take 10 to 60 minutes.

What are the top cryptocurrencies to buy?

Although Bitcoin is the first and most popular cryptocurrency at the moment, it is not the only one, and there is a list of them. But the fact is that the list is changing every day since, as of now, there are over 5,000 cryptocurrencies listed on Coinmarketcap, and probably twice as many that you’ll never know about. So, one day, FTX could crash and make other same-level cryptocurrencies look better, and another day, Elon Musk can do a new thing in his new Twitter and make the Dogecoin rocket. Until then, there are some stable cryptos that you should keep an eye on.  There are thousands of cryptocurrencies today, making it overwhelming when you’re first getting started in the world of crypto. It can also change your question of how to buy Bitcoin in the UAE with what other digital coins you can buy in the UAE aside from Bitcoin. Some of them are popular, and some of them are less known. We will refer to and briefly explain some popular cryptocurrencies in the following parts.

  • BTC
  • XRP
  • SOL
  • AVAX
  • Doge
  • MATIC
  • SHIB
  • LINK
  • BNB
  • BTC

BTC is the trading sign of Bitcoin and is available on all cryptocurrency exchanges due to its high popularity. Since Bitcoin operated in 2009, it has remained the world’s first-largest cryptocurrency by market cap.

  • XRP

XRP is the native token of Ripple. It is a well-known blockchain to facilitate international payments. It differs from other cryptocurrencies because it doesn’t aim to replace banks or third parties. It believes banks and intermediaries are necessary, but their functions must improve. XRP is the sixth-largest cryptocurrency by market cap at the time of writing. 

  • SOL

SOL is the trading sign of Solana. SOL is the tenth-largest cryptocurrency by market cap at the time of writing. Solana is also a popular blockchain with the ability to support smart contracts. For this reason, Solana is considered a fierce rival to Ethereum and is called the Ethereum killer.

  • AVAX

AVAX is the native token of the Avalanche blockchain. Avalanche is a first-layer blockchain like Solana, supporting smart contracts. Like many other counterparts, it has come to offer a higher level of scalability; therefore, it’s a rival to Ethereum. Avalanche has proved successful in its 4-year-old lifetime. Its native token (AVAX) is now the sixteenth-largest cryptocurrency by market cap.

You may still search the article to learn more about how to buy bitcoin in the UAE. You are on the right page. Go ahead to have much more information about that.  

  • Doge

DOGE is the trading sign of Dogecoin, the controversial popular famous meme coin. Dogecoin became very popular, and it was also very controversial in 2021. Some people attributed its popularity to Elon Musk’s support and believed it didn’t deserve the position it had. Despite all controversies, Dogecoin is now here and hasn’t still failed. It is the eighth-largest cryptocurrency by market cap at the time of writing.

  • MATIC

MATIC is the native token of Polygon. Polygon is an Ethereum scaling platform. It tries to motivate people to use Ethereum as the world’s first smart-contract-supporting blockchain. At the same time, it solves Ethereum’s scalability problems that deterred this blockchain’s public adoption. Polygon has always been famous, and its token was among the top 20 cryptocurrencies. MATIC is the eleventh-largest cryptocurrency by market cap at the time of writing.

  • SHIB

The SHIB token belongs to Shiba Inu, another popular but controversial meme coin. Shiba Inu was released after Dogecoin’s success, and some people believed it misused the hype surrounding meme coins. Some even considered Shiba Inu a scam and thought it would fail soon.

However, Shiba Inu is still here, too, and its token (SHIB) is the thirteenth-largest cryptocurrency by market cap. Shiba Inu’s price is around 0.000012 at the time of writing. If you wonder how to buy a Shiba Inu coin, we should tell you that the process is like what we explained about Bitcoin. 

  • LINK

Before Chainlink, the need for a decentralized oracle was felt. Chain Link filled the gap and, for this reason, became popular. Chain Link is a decentralized oracle that transfers off-chain data to blockchains in a decentralized manner. LINK is the native token of Chain Link. LINK is the twenty-second-largest cryptocurrency by market cap.

  • BNB

BNB is the cryptocurrency developed by the famous exchange Binance. BNB is the fourth-largest cryptocurrency by market cap. Aside from being a store of value, BNB has other functionalities within the Binance ecosystem. For example, using BNB to pay fees gives you a discount on the fee amount.

What is an OTC platform?

OTC stands for Over-the-Counter. In the previous parts in which we explained how to buy Bitcoin in the UAE, we briefly discussed what OTC is and how it works. In this part, we will go over it in more detail.

  • What is OTC, and how does it work?
  • What is the best OTC platform in Dubai?

What is OTC, and how does it work?

OTC is a platform that enables trading cryptocurrencies outside a regular cryptocurrency exchange. It allows a kind of direct trade between the buyer and the seller. OTC is an ideal choice for those users who want to buy Bitcoin in Dubai with cash.

By the way, all our examples were limited to Bitcoin, which may lead to the misunderstanding that only Bitcoin customers can use OTC platforms. That’s not correct. To clarify this misunderstanding, let’s use another example, USDT.

You have two options if you buy USDT in Dubai with cash. You can either use a cryptocurrency exchange or use an OTC platform. In the first situation, you must have an account in exchange. Besides, you can’t convert your cash to USDT directly.

Therefore, if you’re a beginner and aren’t familiar with cryptocurrency exchanges, or your money is in cash, you’d better use an OTC platform. You can buy USDT in Dubai with cash using an OTC platform. 

History of Crypto Desk

Crypto Desk is a UAE-based cryptocurrency exchange and OTC platform developed in 2015, making it now one of the oldest OTC platforms. Platforms like Crypto Desk have an outstanding share in the success of cryptocurrencies in the UAE  and Dubai. 

At the time of writing, Crypto Desk supports more than 500 cryptocurrencies. It has a high level of liquidity and offers the best trading rates. Crypto Desk is also an OTC platform and supports OTC trading. With this option, you can convert your fiat money to cryptocurrencies directly.

We again note that this isn’t just limited to Bitcoin. You can buy Ether with cash, USDT in Dubai, and many more examples, which we can’t refer to in this guideline. So, if you were wondering how to buy Bitcoin in the UAE or where you can buy Bitcoin in Dubai, you probably know the answer now.

 

  • What is the best OTC platform in Dubai?

We previously noted and will again say that Crypto Desk is the best OTC platform in Dubai. One significant advantage of Crypto Desk is its 0% fee. Few OTC platforms exist in the world that give service to their users with a 0% fee. Crypto Desk is one of the scarce ones doing so.

If we want to continue the example of USDT above, you only need to go to the Crypto Desk OTC and give your order. They will help you buy USDT in Dubai with cash most easily and cheaply.

Where is a crypto ATM located in Dubai?

Previously, we said that Crypto Desk offers a Bitcoin ATM to answer the question of where I can buy Bitcoin in Dubai. You can find Crypto Desk’s Bitcoin ATM at Boulevard Plaza, Burj Khalifa, Dubai, the United Arab Emirates.

Can you buy Bitcoin with cash?

Yes, of course. OTC platforms and crypto ATMs have been developed for this purpose. These platforms let you convert cash to crypto in a few minutes without going to online cryptocurrency exchanges. For learning how to buy Bitcoin with cash, refer to the previous parts of this article and read how to buy Bitcoin in the UAE. 

Which industries in Dubai accept Bitcoin?

You can easily spend your cryptocurrencies, especially your Bitcoins, all around Dubai, from hotels and restaurants to join a club and enjoy Virtual Reality rooms. It is not delimited to this when several industries in Dubai have also begun accepting cryptocurrencies. Major global economies and their companies, from telecom to travel, are becoming strong adopters of Bitcoin and alt-coins. Real estates, business setup industries, and car rentals are three examples, to name a few. 

  • Real estate
  • Business setup industry
  • Car rentals
  • Real estate

We proudly inform you that several real estates in the UAE  now accept cryptocurrencies. A very well-known example is Emaar properties. Emaar Properties is a famous multinational real estate development company in the UAE  that accepts cryptocurrencies.

  • Business setup industry

Business setup industries also accept cryptocurrencies. This seems logical since cryptocurrencies are the future of the world. New businesses have no way other than to accept cryptocurrencies if they want to succeed and gain mass adoption. 

  • Car rentals

Car rentals are other famous industries accepting cryptocurrencies. Renting a car is possible using cryptocurrencies today, which is a real blessing. 

 

FAQs

How to buy Bitcoin online in the UAE?

To buy Bitcoin online, you need to go to a cryptocurrency exchange. Refer to how to buy Bitcoin in the UAE in this guideline. 

Which exchange provides the best price for Bitcoin?

Crypto Desk is a famous cryptocurrency exchange and OTC platform in the UAE  with the most appropriate exchange rate. OTC trading with Crypto Desk has a 0% fee.

Is cryptocurrency legal in the UAE?

Cryptocurrencies aren’t fully regulated in the UAE  yet, but they aren’t illegal. This means buying, selling, and trading cryptocurrencies is entirely free.

How does cryptocurrency work in the UAE?

Easy-peasy. The first step for investors would be to open a trading account with a crypto exchange, then deposit money into their account, open a trade and store the purchased Bitcoins.

Do I need a license to trade crypto in the UAE?

Anybody needs to meet all the paperwork and approval requirements to trade in the country, as we explain here in this article, under the Steps to Buy BTC in Dubai, Choosing Crypto Desk

Can I withdraw crypto in the UAE?

Yes, why not? Did you do something bad? (HUHUHU) It is simple to deposit and withdraw funds in both cryptocurrency and fiat currency, especially if you use an OTC.

Which is the best crypto exchange or OTC in Dubai?

Crypto Desk, the well-known exchange and OTC platform, is considered the best crypto exchange in Dubai, with a wide range of cryptocurrencies and high liquidity. Refer to how to buy Bitcoin in the UAE in this guideline. 

Recent Posts