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Best Altcoin Crypto Exchanges in UAE (2023)

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This guide helps users to find the best altcoin crypto exchanges in UAE. Altcoins are a popular investment among UAE citizens with the potential for high potential returns while requiring low investments. The growing number of reliable and unreliable exchanges in the UAE makes selecting the ideal provider difficult.

To select the ideal service, investors need to be aware of nontransparent providers and understand the platforms’ unique features, keeping in mind that they are unprotected in case of the exchange’s bankruptcy. To help investors make an informed decision, we have compared and evaluated key data to choose the ideal altcoin cryptocurrency exchange in UAE.

This guide compares reviews and ranks available exchanges in UAE to help users find the ideal platform for their needs. The highest-ranked altcoin exchanges in UAE are listed below, followed by detailed reviews, comparisons, and FAQs.

Best Altcoin Cryptocurrency Exchanges in UAE

  1. Binance – Best Altcoin Exchange Overall
  2. OKX – Lowest Fees Exchange
  3. Huobi – Ideal Exchange For Security
  4. Bybit – Best Altcoin Exchange For Mobile
  5. eToro – Top Altcoin Platforms for Beginners

Top 5 Altcoin Exchanges in UAE Reviewed

The highest rated altcoin exchanges in UAE are reviewed below.

Binance – Best Altcoin Exchange Overall


Rating: 4,8/5

Min Deposit:

Fees: 4.8

Assets available: 5.0

Total Fees:

Binance is the largest cryptocurrency exchange by trading volume (liquidity). Users can buy, trade, and hold over 350 different altcoins. The platform is with trading fees of 0,10% (maker/taker) per trade, among the cheapest in the industry.

The Binance platform allows free Altcoin deposits and free instant swaps. Their Launchpad lets users get updated on the latest cryptocurrency, blockchain, and Web3 projects to stay up-to-date regarding the latest altcoin releases.

Binance is licensed by the Virtual Assets Regulatory Authority (VARA). With over 30 million customers globally and positive user reviews on Trustpilot, Binance is a reputable and trustworthy Altcoin exchange.

Binance’s customer support is available through email and live chat.

Binance key features are listed below.

  • VARA-regulated in the UAE
  • Over 350 tradable altcoins
  • Up to 20x leverage available
  • Binance Launchpad announces new promising altcoin releases
  • Trusted by over 30 million users globally

OKX – Lowest Fees Exchange

OKX logo

Rating: 4,9/5

Min Deposit:

Fees: 4.9

Assets available: 4.9

Total Fees:

OKX is a global altcoin and derivatives exchange founded in 2017. Trading fees on their platform start at 0,08%/0,1% maker/taker. OKX supports 324 altcoins and 520 crypto/fiat pairs. Users can trade with up to 1:10 leverage on their altcoin trades.

OKX allows users to buy and invest in altcoins through Visa, MasterCard, and over 425 other payment methods. Users can also buy and sell altcoins on the exchange’s spot and futures markets or its peer-to-peer (P2P) trading feature.

The OKX platform allows users to earn passive income on their altcoin holdings by participating in crypto staking, lending, and liquidity mining. Users can invest in newly released altcoins through OKX’s Jumpstart feature.

OKX has over 50 million global users. Their customer support is available through email and live chat 24/7.

OKX’s key features are listed below.   

  • Access to 324 altcoins and 520 trading pairs 
  • Max. leverage of 10:1
  • Opportunity to buy altcoins with Visa, MasterCard, and over 425 other payment methods
  • Discover the latest high-quality altcoin projects with OKX Jumpstart
  • More than 50 million global customers

Huobi – The Most Ideal Exchange For Security


Rating: 4,8/5

Min Deposit:

Fees: 4.8

Assets available: 4.7

Total Fees:

Huobi is an altcoin exchange based in Seychelles. Their platform has various safety features, including two-factor authentication, safe listed withdrawal addresses, and a team of cyber security experts that constantly monitor the safety of the digital currency trading platform.

Hubi allows users to trade on over 613 altcoins and 726 trading pairs. The platform charges low trading fees of 0,20% (maker/taker). It also allows users to trade with up to 1:100 leverage on altcoins.

Huobi supports over 90 international and local payment methods, including PayPal, NETELLER, 7-eleven, and Western Union. Users also have the option to trade altcoins through Huobi’s spot and futures market and their peer-to-peer (P2P) trading feature.

Huobi is not regulated and has over 10 million users globally. Their customer service is available by email and live chat in multiple languages.

Huobi’s key features are listed below.  

  • Access to over 613 altcoins and 726 trading pairs
  • Max. leverage of 1:100
  • Support for over 90 international and local payment methods 
  • Variety of crypto 2.0 products, including OTC desk, P2P Marketplace, and Huobi Earn
  • Over 10 million users globally

ByBit – Best Altcoin Exchange For Mobile

Bybit logo

Rating: 4,6/5

Min Deposit:

Fees: 4.6

Assets available: 4.8

Total Fees:

ByBit is an altcoin exchange founded in 2018. It allows users to trade on over 100 altcoin tokens and 300 spot trading pairs. ByBit’s trading fees are competitive, starting at 0,10% maker/taker. Additionally, users can trade with up to 100:1 leverage.

ByBit’s spot and derivative altcoin markets support Visa and MasterCard payments. Its P2P Marketplace allows users to trade altcoins with up to 300 different payment methods.

Crypto 2.0 features available on the ByBit trading platform are listed below.

  • Instant Convert feature
  • Integrated trading bot
  • ByBits Launchpad (early access to new tokens)
  • ByVotes (vote for your favorite listings)
  • ByStarter (invest in Web 3.0 crypto products)

ByBit has a community of over 10 million active users but is not regulated.

ByBit’s customer support is available in multiple languages through email and live chat.

ByBit’s key features are listed below

  • Support for over 100 altcoins and 300 spot trading pairs
  • Max. leverage of 1:100
  • Low trading fees, starting from 0,10% maker/taker
  • Over 300 supported local and international payment methods
  • Active community with over 10 million members

eToro – Top Altcoin Platform for Beginners

eToro logo

Rating: 4,9/5

Min Deposit: $100

Fees: 4.8

Assets available: 4.8

Total Fees:

Open account Read review

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

eToro is an Israel-based investment company founded in 2007. Their trading platform is user-friendly thanks to its intuitive design, simple order types, and variety of educational materials. It is well known for its social copy trading feature that allows users to copy trades from experienced traders. eToro users can trade 27 altcoins overall.

eToro charges a trading fee of 1% on all altcoin trades. Beginners can trade with up to 1:30 leverage, while professional traders can access 1:222 leverage. The minimum deposit requirement at eToro to open a trading account is $50.

eToro’s supported deposit and withdrawal options include bank wire transfers, E-wallets like Neteller, Skrill, and PayPal, credit and debit cards like Visa and MasterCard, local payment options, and cryptocurrencies.

eToro has over 30 million users across the globe. It is regulated by multiple tier-one regulators, including CySEC, ASIC, and FSA. eToro customer support is available 24/7 through both email and live chat.

eToro’s key features are listed below.

  • Support for over 3,000 financial assets and 120 altcoins
  • Max. leverage of 1:30 for beginners and 1:222 for professional traders
  • Low trading fees (1% per crypto transaction)
  • Low minimum deposit requirement ($50) 
  • Wide range of available payment methods (credit/debit cards, bank wire transfers, E-wallets, and cryptocurrencies.
  • Over 30 million users globally
Open account

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

How To Choose The Ideal Exchange For Trading With Altcoins in UAE

Criteria for choosing an altcoin exchange with the optimal trading platform in UAE are listed below.

  • Number Of Supported Altcoins
  • Reputation (number of licenses, security features, number of users, and feedback across review sites)
  • Transparent Proof of Reserves ( a common proof of reserve ratio is 1:1)
  • High Trading Volume/Liquidity
  • Competitive Fees (Low trading, deposit & withdrawal and currency conversion fees). 
  • Diversity of Crypto Products (staking, mining, liquidity mining, lending, high-yield saving, and NFT trading)

Top Altcoin Exchanges Compared

Key features of the top rated altcoin exchanges in UAE are compared in the table below. 

Trading platformBinanceOKXHuboiBybiteToro
Spot Altcoins390+340+130+200+70+
Altcoin Derivatives190+200+60+100+
Trading Fees0.075%0.08%-0.1%0.16%-026%0.1%1%
Trading Volume (in BTC)1.6M525k20k345kN/A
Security ratingAAABBBAAAADDD
Proof of Reserves %29%58%76%69%N/A
Other Crypto ServicesSavings, Stakking, Loans, Pay, Mining, WalletSavings, Loans, Copy Trading, Trading Bots, WalletStakkingSavings, Loans, Mining, Copy Trading, Trading BotsWallet
Trading PlatformsWeb, Desktop, MobileWeb, MobileWeb, MobileWeb, Mobile, MT4Web, Mobile
Customer ServiceLive Chat, Ticket SystemLive Chat, Ticket SystemLive Chat, Email, Extensive FAQLive Chat, Ticket SystemLive Chat, Ticket System

What Are Altcoins?

Altcoins or alternative coins are all cryptocurrencies, digital tokens, and assets that aren’t Bitcoin.

What Is The Difference Between Altcoin Exchanges And Altcoin Brokers?

Cryptocurrency exchanges and brokers both allow trading with altcoins. The main differences between listed and explained below. 

Altcoin Exchanges

Altcoin exchanges allow traders and investors to buy, sell, and exchange altcoins for other altcoins, Bitcoin, or fiat currencies. In other words, exchanges only allow trading with cryptocurrencies. Users’ orders are matched with counterparty orders through the exchange, which acts as a middleman and collects a trading fee (maker/taker).

Altcoin Brokers

Altcoin brokers are third-party companies facilitating trades between traders, investors, and cryptocurrency markets. Users trade with the brokerage firm instead of with other traders. Brokers allow users to trade with other assets besides cryptocurrencies.

Brokers don’t offer custodial services, meaning they don’t provide ownership of the offered cryptocurrencies. Users usually trade cryptocurrency CFDs, derivatives, or perpetuals instead.

Types Of Altcoin Exchanges in UAE Compared

There are two categories of altcoin exchanges available in UAE: centralized (CEXs) and decentralized exchanges (DEXs). 

Centralized Exchanges (CEXs)

Centralized exchanges are exchanges where trade execution and users assets are controlled by a central entity (company). These platforms typically offer higher trading volume and reliable trade execution, but offer less privacy and greater exposure to hacking incidents.

Decentralized Exchanges (DEXs)

Decentralized exchanges on the other hand allows users to trade directly between each (peer-to-peer) without a central authority. Their are peer-to-peer model allows greater security, as users have full control over their funds. However, compared to centralized exchanges, DEXs expose its users to slippage (lower trading volume) and slower trade execution.  

What Are The Advantages Of Trading Altcoins Compared to Bitcoin

Advantages of trading altcoins are listed below.

  • Market Volatility – Altcoins are more volatile than Bitcoin, exposing traders to greater risk and the potential to generate financial gains. 
  • Greater ROI – While Bitcoin is considered stable and less volatile, Altcoins regularly offer a lower entry cost (including cents and less than cents) and the potential for bigger gains. 
  • Support for Crypto Enthusiastic Projects – Most altcoin projects are launched to solve certain blockchain-related problems, compared to Bitcoin, a mainstream cryptocurrency.
  • Investment Diversification – Altcoins are regularly used for portfolio diversification to reduce exposure to Bitcoin. 
  • Access to Crypto 2.0 Products  – Altcoins allow access to crypto 2.0 products, including staking, lending, liquidity mining, airdrops, and high-yield savings


Trading and investing in Altcoins is a great way to achieve high potential returns or add risk exposure to the investment portfolio. The growing number of exchanges in the UAE that offer Altcoins makes it difficult for potential traders to choose the ideal service for their needs.

This guide does the hard work for users to keep them safe and informed by comparing, evaluating, and reviewing the services of different exchanges. Unreliable providers were filtered out to help users make informed decisions. Our analysis results in a list of the best Altcoin crypto exchanges in UAE, which is summed up in the table below.

Leveraged and speculative product. Not suitable for all investors. You should consider whether you can afford to take the high risk of losing your money. Capital is at risk.

ExchangeOverall ScoreBest ForFees (Maker/Taker)Spot Volume (BTC)
#1Binance 4.9Best overall exchange1%/1%$2,739,612
#2OKX4.8Best for Low Fees0.10%/0.02%$89,000
#3Huobi4.8Best for security0.04%/0.05%$36,500
#4ByBit4.7Best for mobile0.08% /0.1%$806,899,070
#5eToro4.6Best for beginners0.1% /0.1%$53,964,331


It is legal to trade with altcoins in UAE?

Yes, investing and trading with altcoins in UAE is regulated by the Securities and Commodities Authority (SCA) and, therefore, is legal. Citizens of the United Arab Emirates are allowed to trade, hold, exchange and invest in altcoins.

How are altcoin exchanges regulated in the UAE?

There are two primary regulatory bodies in UAE regulating altcoins: the Securities and Commodities Authority (SCA) is overseeing the altcoin market of UAE on the government level and the Dubai Virtual Asset Regulatory Authority (VARA) adopts further regulation exclusively in the financial free-zone area of Dubai.

What is the safest way to store altcoins in UAE?

The safest way to store altcoins is on third party wallets in offline (cold) storage. Altcoins are stored the same way as other cryptocurrencies (Bitcoin)

Are AltcoinTrading Fees Higher Compared to Bitcoin Trading fees?

Trading fees for altcoins generally do not differ from trading fees for Bitcoin.

Are altcoins recommended for beginners?

Investing and trading with altcoins caries significant risk of losing money because of the fast price movement and market volatility. Altcoins are therefore not recommended for beginners.


eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money

This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.


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