Although OKX could confuse those without trading experience due to its bustling interface, the minimal fees for trading and the treasure trove of automation tools make OKX worthy of checking out for just about anyone. Hedge With Crypto aims to publish information that is factual and accurate as of the date of publication. For specific information about a cryptocurrency exchange or trading platform please visit that provider’s website. This information is general in nature and is for education purposes only.

Fees

However, withdrawals to a local or international bank account will incur a 50 Saudi riyal fee, and a small spread fee is charged on all transactions. EToro is regarded as one of the best copy trading platforms in the world. The company lets users speculate on cryptocurrency and traditional financial markets like stocks or forex, making it extremely versatile and ideal for people looking to invest in a mixed bag of asset classes. With its versatility and user-friendly interface, eToro is a great one-stop portal to the financial market. Bybit is a popular Binance alternative that resonates with investors thanks to its impressive feature set and trading fees that are on par with Binance in the spot market.

Investor Flows Reveal Cautious Market Positioning

“I strongly believe that decentralised currencies will displace the current money supply,” he said in a past interview with CNBC. He believes that this idea will be easy to implement in the UAE, as the UAE does not suffer from capital controls and provides financial services for all, making it a top place for financial services. It has a competitive fee structure and simple-to-understand services. Read our in-depth reviews to learn more about the services available at Coinbase.

Coinbase: Bridging Global Accessibility

Known for its liquidity and diverse trading options, Huobi supports a wide range of cryptocurrencies and trading pairs. In 2024, Binance reported a monthly trading volume of over $100 billion globally, with a significant portion attributed to its Middle Eastern operations. Its zero-fee trading options on Bitcoin and high liquidity make it a top choice for institutional and retail investors in Dubai. Crypto assets can be highly volatile unregulated investment products and like any type of investment can increase or decrease in value.

Our conclusion when choosing the best Crypto and Bitcoin Exchange Platforms in UAE Ranked by AGR Technology

With an impressive selection of 435 unique cryptocurrencies, advanced trading bots, and many derivatives trading pairs, Bybit is a great option for anyone looking for an all-in-one trading platform other than Binance. For traders and investors in the United Arab Emirates, finding the best exchange is crucial. We’ve tested some of the most popular platforms to offer our selection of the best crypto exchanges in the UAE. Following the announcement that leading cryptocurrency exchange Binance will list Aster (ASTER) on its platform, the token’s price has surged.

This means that it creates a system where all kinds of transactions are available, regardless of whether they involve fiat money, cryptocurrencies, or the transfer of money through the Binance wallet. In 2020, the Abu Dhabi Global Market’s Financial Services Regulatory Authority (FSRA) released guidance on the regulation of digital securities. This was followed in 2022 by the Guidance on the Regulation of Virtual Asset Activities. Furthermore, in early 2022, Dubai established the Virtual Assets Law and the Virtual Assets Regulatory Authority (VARA) to oversee virtual assets regulation in the Emirate. Binance has average customer support, as it is Binance cryptocurrency exchange difficult to reach one of their team members.

• For this story, The New York Times said it reviewed correspondence and interviewed 75 people, including some in former President Joe Biden’s administration and people who served during Trump’s first administration.
• Binance is a top choice for UAE residents because of its great overall offer, great staking rewards and secure storage solutions and security.
• Accessibility to fiat-crypto gateways, low taxation, and an affluent population have further contributed to the city’s burgeoning crypto market.
• The platform provides access to the spot and derivatives markets with up to 125x leverage, but that’s not all.

Alessio Rigoli launched AGR Technology in 2013 with the intention of focusing on YouTube and blogging on technology issues such as Android, Cyber Security, Blockchain, and EdTech. Since then, the business has grown to cover services such as website creation, hosting, software development, and digital marketing. AGR Technology assists companies in a range of industries by providing innovative and high-quality technology solutions to help them thrive. Consider the user interface and overall user experience offered by the exchange, including ease of use, customer service, and educational resources. The DFSA and the SCA provide these licenses after rigorous assessments.

Established in 2011, Bitstamp is one of the oldest exchanges in the industry. Based in Luxembourg, it is popular among European traders who prioritize security and fiat-crypto access. In addition, the platform offers bilingual support to users for easy trading and supports more than 70 cryptocurrencies. In 2024, Rain expanded its operations in Dubai by introducing AED-based trading pairs and localized banking partnerships. Its monthly trading volume in the UAE has grown by 50%, reflecting its growing acceptance among Dubai’s crypto enthusiasts.

As eToro offers stocks, forex, and cryptocurrency, the platform is subject to different regulations from most institutions on our list. Thankfully, eToro has attained in-principle approval to operate as a securities, derivatives, and crypto broker within Abu Dhabi by the Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM). Coinbase is the most user-friendly, with a simple interface and easy fiat deposits, ideal for first-time investors. MEXC appeals to experienced traders with over 3,000 tokens listed and high-leverage futures.

While traditional UAE banks are cautiously approaching cryptocurrencies, some institutions like Emirates NBD and Abu Dhabi Commercial Bank are becoming more crypto-friendly. They are exploring blockchain technologies and allowing indirect crypto investments through third-party platforms. However, direct cryptocurrency transactions may still face restrictions, so investors should verify current bank policies. On a cryptocurrency exchange, trading pairs reflect the two cryptocurrencies that can be exchanged against each other.

Rain is another major app for beginners and experienced crypto users. It provides the comfort of buying and selling cryptocurrencies online. Many investors in the UAE trust Rain Exchange because of its valid license. This crypto trading platform manages digital assets through a Cold Storage System. Dubai’s cryptocurrency ecosystem continues to evolve, driven by global and local exchanges that cater to a diverse range of traders.

• With its forward-thinking policies and blockchain-friendly regulations, the city has attracted some of the most renowned cryptocurrency exchanges.
• XPL has since recovered and is valued at $0.895 at time of writing, a 31% decrease during the last 24 hours.
• Following the announcement that leading cryptocurrency exchange Binance will list Aster (ASTER) on its platform, the token’s price has surged.
• Kraken and Coinbase are great for security and simplicity, OKX and KuCoin offer liquidity and token variety, Crypto.com provides multi-asset investing, and Bitstamp remains a European stalwart.
• According to its official whitepaper, the protocol offers zero-fee transfers of Tether (USDT), the largest stablecoin by market cap, and is built around the principle that stablecoins deserve premium infrastructure.
• Furthermore, neither Alexon Capital Ltd nor its affiliates provide any tax, accounting, or legal advice.

How to Open a Trading Account with Binance from the UAE

Consider the variety of cryptocurrencies and other digital assets available for trading on the platform. This high level of oversight boosts investor confidence and attracts international traders. Step into the world of Crypto with Binance – the world’s largest and most innovative Cryptocurrency exchange. With an incredible 120+ million users across 100+ countries, including the UAE, Binance is the go-to platform for Crypto traders and enthusiasts. Furthermore, neither Alexon Capital Ltd nor its affiliates provide any tax, accounting, or legal advice. Accordingly, they are not necessarily comprehensive, and their accuracy cannot be assured.

For example, people looking to buy or sell using leverage may like a crypto margin platform, while those wishing to speculate on the price of assets should consider a futures exchange. The exchange boasts an intuitive interface that is easy to navigate, which will appeal to investors and traders needing a streamlined way into the crypto space. Additionally, Uphold offers staking with up to 16% APY on 30 assets and the ability to set up reoccurring buys to make executing the popular Dollar-Cost-Averaging (DCA) strategy easier. Unfortunately, Uphold does not let users set AED as a default account currency, meaning that you’ll need to do a conversion in your head to understand the value of your holdings in your local currency. Additionally, although you can deposit AED using a bank transfer or credit/debit card, the funds will be converted to USD after they’re deposited, which could result in currency conversion charges. EToro differs from most platforms we’ve discussed as it’s not solely an exchange but a multi-asset class broker.