The best altcoin trading platforms in the United Arab Emirates are eToro, Binance, Coinbase, and Kraken. eToro has the best platform with social trading features. Binance offers the largest altcoin platform by volume. Kraken has the best asset portfolio with access to many digital coins.
Each altcoin trading platform has strengths and weaknesses. This article discusses the best altcoin trading platforms in the UAE.
Best Altcoin Trading Platforms In The UAE
- eToro – offers the best overall altcoin trading platform
- Binance – is a popular crypto exchange worldwide with impressive altcoin platforms for UAE traders
- Coinbase – is a leading cryptocurrency exchange with industry-leading safety protocols
- Kraken – is a cryptop exchange with the best selection of digital assets for UAE traders
|RANK||BROKER||GENERAL||PLATFORM SCORE||BEST FOR||WEBSITE|
|#1||eToro||Feature-rich trading platform||4,9/5||Best overall altcoin trading platform||Official website|
|#2||Binance||Competitive fees||3,1/5||Popular crypto exchange worldwide||Official website|
|#3||Coinbase||Industry-leading safety protocols||2,6/5||Leading cryptocurrency exchange||Official website|
|#4||Kraken||Best fee schedule called Maker-Taker||2,6/5||Best selection of digital assets||Official website|
Top 4 Altcoin Trading Platforms In UAE
1. eToro – Best Overall Altcoin Trading Platform
Min Deposit: $200
Assets available: 4.8
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. eToro AUS Capital Ltd ACN 612 791 803 AFSL 491139. OTC Derivatives are speculative and leveraged. Not suitable for all investors. Capital at risk. See PDS and TMD
eToro is an excellent social trading broker with a professional altcoin platform. It is a secure brokerage form with top-tier licenses. eToro is popular because of its feature-rich trading platform. It offers advanced social trading features and research tools.
eToro offers many cryptocurrency pairs and fiat currency. It has access to the marketplace and the best crypto exchange services. the minimum deposit fee is $200, and the minimum required to trade is $10. eToro has a 0.5% fee for AED deposits on all payment methods. It is a top choice for UAE traders who want access to a professional altcoin trading platform.
2. Binance – Best Exchange With Low Fees And A versatile Altcoin Portfolio
Assets available: 5.0
Binance is a trustworthy global crypto exchange available for UAE traders. It offers reliable platforms and services for altcoin day trading. Binance has competitive fees and offers many digital assets.
Binance has a commission fee that starts at 0.1%. It offers advanced charting and analysis tools for professional UAE traders. Binance has limited learning materials and many premium services, including crypto staking.
3. Coinbase – Best Altcoin Crypto Exchange For Dubai Residents
Assets available: 3.6
Coinbase is a top US-based cryptocurrency exchange with a straightforward platform. It is a good fit for traders at all levels. Coinbase offers 14 different cryptos, including Bitcoin. It has a comprehensive altcoin portfolio for UAE traders.
Coinbase has a standard trading fee of 1.49%. It offers rewards and incentives depending on the coins you store in your wallet. Coinbase is a top cryptocurrency exchange for traders who want the best digital assets trading services.
4. Kraken – Best Selection Of Digital Assets For UAE Traders
Assets available: 4.5
Kraken is one of the popular cryptocurrency exchanges in the UAE with access to 18 different coins. It has a trustworthy web platform but offers no mobile app. Kraken offers the best fee schedule called Maker-Taker.
The Maker-Taker schedule offers incentives for large trading volumes. For example, if you have a monthly average volume over US$50,000, you will have a fee of US$2,60 per US$1,000 in trading volume. Kraken is a top crypto exchange for professional UAE traders.
How We Chose The Best Altcoin Trading Platforms?
At Business24, we commit to helping traders make smart decisions with their money. We know that the word “Best” is subjective, which is why we aim to share both strengths and weaknesses. We use 105 criteria to review altcoin trading platforms in the United Arab Emirates.
We review top altcoin trading platforms and the best crypto exchanges with real accounts and money. The main criteria we use include fees, tools, and safety.
Fees: A transparent fee structure adds to an impressive trading experience. Some altcoin platforms in the UAE have a simple fee structure, others don’t. Verify our in-depth reviews to read more about crypto exchange fees and trading platforms.
Account: Each UAE altcoin crypto trading platform has different account tiers. Some crypto trading platforms request a minimum deposit fee. Others won’t request an initial deposit for new accounts. Some offer retail investor accounts. Others don’t. Check our in-depth reviews to learn more about account tiers and platforms.
Withdrawal and deposit: Funding your account must be simple. Depositing funds takes longer with some brokers than with others. Bank transfers have additional fees for UAE traders. Read about withdrawing and depositing funds options in our in-depth reviews.
Market and products: Each online platform has different assets and market coverage. You should choose an altcoin platform with a versatile portfolio. Check our in-depth reviews to learn more about crypto exchanges, altcoin platforms and markets.
Trading platform: A trading platform with a user-friendly design contributes to an outstanding trading experience. Choose a crypto trading platform with an intuitive interface and design. The platforms in our review are secure, but some might be challenging for beginners. Read our in-depth reviews to discover which crypto trading platform is best for your cryptocurrency trading needs.
Customer support: Customer service is essential for your online trading success. Reliable platforms offer phone support, email, and live chat.
Safety: A trustworthy altcoin platform in the UAE has top-tier licenses. It offers industry-leading safety measures for all accounts. Check our in-depth reviews to read more about online trading, safety, and crypto exchanges.
How To Open A Trading Account With eToro?
eToro is the leading altcoin trading platform in the United Arab Emirates. It has excellent platforms and social trading tools. UAE traders have a minimum trade requirement of $10. The minimum deposit fee at eToro is $200. UAE traders have to follow four simple steps to create an eToro account.
Step 1: Go to eToro’s official website
The first step to creating an account with eToro is to access their main website. Click on this link: https://www.business24-7.ae/etoro-crypto-start.
Step 2: Click on the Get Started button
Next, you have to click on Get Started. This will redirect you to a new pager for opening new UAE accounts.
Step 3: Set up your account and pass verification
UAE traders have to sign up, verify their accounts, and make a first-time deposit. This will let traders use eToro to buy, hold, and sell altcoins.
Related: how to buy Bitcoin, How to buy Ripple, How to buy Ethereum
Step 4: Start trading
After your eToro account is verified, you’ll be able to start trading. eToro accounts are a top choice for buying, holding, and selling crypto assets.
eToro, Binance, Coinbase, and Kraken are the best altcoin trading platforms in UAE. The eToro exchange offers professional platforms and social trading tools. Binance is a secure crypto exchange and has a competitive fee structure for UAE traders. Coinbase is the best crypto exchange for Dubai residents.
Is Online Trading Legal In The UAE?
Online trading in the UAE is legal. Traders select brokers with top-tier licenses from a foreign authority. The FCA, CySEC, and ASIC are top regulators for trading platforms. All platforms in this review are secure and follow strict regulations.
How Do I Know If An Altcoin Trading Platform Is Regulated?
Checking a platform’s regulation is straightforward. You should verify its regulatory status with its legal name and country. Check the information on the appropriate regulator website. Our in-depth reviews discuss which the safest altcoin providers are.
Which Are The Best Altcoins To Trade?
It depends on your trading experience and skills. Popular altcoins include Tether, Ethereum, Binance USD, and Ripple. Read our in-depth reviews to learn more about the best crypto exchanges and altcoins available in the UAE.
Is It Necessary To Have A Crypto Wallet To Trade Altcoins?
Yes. All UAE traders must have a crypto wallet to store their crypto assets. These digital wallets protect funds from unwanted access.
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. 68% 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.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
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.