With the digital currency booming day-by-day, many governments in the Middle East region have begun partnering with financial companies to issue their own cryptocurrencies. In addition, a slew of cryptocurrency exchanges and organizations have sprouted up around the Middle East to buy and sell Bitcoin in Dubai.
With the Securities and Commodities Authority of the UAE beginning to regulate initial coin offerings in the first quarter of 2019, the UAE market has started to take cryptocurrency seriously.
The process to buy and sell Bitcoin in Dubai is simple; however, the online platform or OTC platform you choose is crucial. Due to its popularity, liquidity, and acceptance as a form of payment by an increasing number of merchants, Bitcoin continues to reign supreme in the cryptocurrency market as the finest cryptocurrency.
This leads to the question…
Where Can I Buy and Sell Bitcoin?
The best option to buy and sell Bitcoin in Dubai is an OTC cryptocurrency exchange. Since 2014, crypto OTC trading is satisfying the financial demands of Bitcoin miners. Many investors and financial analysts have benefited from OTC crypto trading.
How does an over-the-counter (OTC) exchange work?
To buy and sell Bitcoin in Dubai, the investors must contact a reliable and safe OTC exchange. You have two options here:
- Buying or selling directly over the counter at their desk.
- Transferring the fiat from any UAE based-bank directly to their bank account.
- Making an online purchase using a credit or a debit card
The emergence of over-the-counter exchange platforms is primarily due to institutional investors’ increased interest in the crypto market.
According to a new study, OTC platforms saw a 2X to 3X increase in trade volume last year, owing to a higher rate of crypto adoption. Higher liquidity is one of the key reasons why investors are flocking to OTC platforms.
Tip: look for the exchange platform offering 24/7 customer support.
What Can I Do to Improve My Privacy When Dealing with Cryptocurrency?
Here are some suggestions to help you improve your privacy when interacting with cryptocurrency:
- The first and most important step in safeguarding your digital cash is to select a secure wallet.
- Your electronic devices must be password-protected
- Make regular backups of your crypto data.
- To buy and sell Bitcoin in Dubai and to store your Bitcoins, you’ll need a highly secure crypto wallet.
- Don’t keep all of your cryptocurrencies in one wallet.
- Enable two-factor authentication.
- To buy and sell Bitcoin in Dubai, don’t use public Wi-Fi, as it is unsafe.
Crypto Desk—The Best Platform to Buy Bitcoin in Dubai
Crypto Desk provides users with a customizable approach to swiftly and securely exchange cryptocurrency. We can accommodate fiat-to-crypto and crypto-to-crypto exchange on practically any coin listed on our website, including AED to USDT, BTC to USDT, Altcoin to BTC or Altcoin to USDT. We have a large liquidity pool, which is very useful in the Altcoin markets (even for alts with a low market cap).
The transactions take place within our secure ecosystem and take only a few minutes to complete. There is no need to use a third party, setup a new wallet, or wait for blockchain transactions. You can trade your crypto to fiat via our UAE cryptocurrency exchange platform at a first-grade secure protocol with full consideration towards your privacy.
We prefer to be simple and quick while following UAE’s crypto regulatory framework and with full consideration towards our customer’s privacy and safety. In fact, Crypto Desk is strict towards KYC process of each and every customer because we believe that is the only way to keep the ecosystem safe from scammers, impersonators, cyber criminals, and most importantly third-party troubles.
So, what are you waiting for? Buy and sell Bitcoin in Dubai with the best exchange rate today.