Cryptocurrency trading is a popular activity in the United Arab Emirates. The typical definition of crypto trading is “speculating on crypto price movements” with a CFD trading account. It refers to buying and selling coins with a cryptocurrency exchange or app. Trading CFDs is a good strategy for advanced UAE traders.
Popular crypto exchanges offer secure trading platforms and crypto trading apps. They let traders buy and sell coins like Bitcoin on a mobile device. UAE traders receive access to industry-leading crypto apps. These offer many payment methods, including bank transfers and credit/debit card transactions. This article discusses the best apps for cryptocurrency trading in the UAE.
List Of The Best Apps For Cryptocurrency Trading:
- eToro – Best overall broker
- Gemini – Top exchange in the UAE
- Coinbase – Valuable portfolio and an excellent reputation
- Robinhood – Top zero-fee U.S. broker
|RANK||BROKER||GENERAL||PLATFORM SCORE||BEST FOR||WEBSITE|
|#1||eToro||Excellent social trading features||4,9/5||Best overall broker||Official website|
|#2||Gemini||Beginner-friendly services and a secure app||0,0/5||Top exchange in the UAE||Official website|
|#3||Coinbase||Top-tier licenses||2,6/5||Valuable portfolio and excellent reputation||Official website|
|#4||Robinhood||Simple fee structure||3,9/5||Top zero-fee U.S. broker||Official website|
Best Apps For Cryptocurrency Trading In Overview:
1. eToro – Best overall broker
Min Deposit: $50
Assets available: 4.8
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.
2. Gemini – Top exchange in the UAE
3. Coinbase – Valuable portfolio and an excellent reputation
4. Robinhood – Top zero-fee U.S. broker
How We Chose The Apps For Cryptocurrency Trading
We chose the best apps for crypto trading in the UAE based on many criteria. These include fees, platforms, and safety. We focus on offering help to both beginner and advanced UAE traders. Our purpose is to help all traders make intelligent choices with their funds. This focus is why we share both advantages and disadvantages of leading trading apps.
Fees: A transparent fee structure contributes to your crypto trading success. Some UAE trading platforms have a simple fee structure; others don’t. Check our crypto trading reviews for more information about UAE trading apps and fees.
Account: Crypto trading apps offer different account tiers. Some have an initial deposit requirement; others don’t. Our in-depth crypto platform reviews provide details about UAE account tiers and funding options.
Deposit and withdrawal: Funding a crypto account needs to be simple. Depositing and withdrawing assets takes longer with some apps than with others. Some UAE crypto apps don’t have a minimum deposit. Read our crypto trading platform reviews to learn more about the policies available with UAE crypto trading apps.
Product and market: UAE crypto trading apps provide different portfolios and market coverage. We recommend you choose an app with a comprehensive crypto portfolio. Check our in-depth crypto trading reviews to read more about asset availability, crypto exchanges, and UAE crypto apps.
Trading platform: A crypto trading app with a simple design adds to a good trading experience. Choose an app with an intuitive interface and a versatile portfolio. The UAE crypto trading apps in our reviews are secure. Crypto trading might be challenging for new UAE traders to learn. Read our in-depth reviews for more information on UAE crypto trading services.
Customer support: Quality customer support is essential for your online crypto trading success. Trustworthy apps offer live chat, email, and phone support.
Safety: A secure crypto trading app has top-tier licenses. It follows strict rules and implements industry-leading safety protocols. Our in-depth reviews discuss safety and crypto trading apps in the United Arab Emirates.
How To Crypto Trade In The UAE
The leading platforms for crypto trade in the UAE are eToro, Gemini, Coinbase, Robinhood, SoFi, and Cash App. eToro is a popular online broker with professional social trading services and apps. Gemini is a good choice for professional UAE traders who want access to an advanced trading app. We recommend Coinbase for active and advanced UAE traders.
Cryptocurrency trading is a top choice for UAE traders. We recommend you use the eToro app to crypto trade in the United Arab Emirates. It is secure and offers access to valuable social trading tools. If you want to crypto trade with eToro, you have to follow four simple steps:
- Sign up with eToro: UAE traders have to sign up with eToro. Access this broker’s main website and click on the sign-up form. Submit the requested information to create a new eToro account.
- Submit a valid ID: The next step is to submit a valid I.D. eToro is a safe broker and follows the Know Your Customer rules. UAE traders must pass account verification before trading crypto coins. A valid I.D., like a driver’s license or passport, is necessary.
- Deposit funds: After passing account verification, you must make your first deposit. UAE traders choose from standard payment methods, including bank transfers and credit card funding.
- Start crypto trading: When your funds show in your account, eToro lets you use the app to invest in crypto. Select the asset you want to crypto trade and search for its symbol. Click on the coin’s ticker and start buying or selling cryptocurrency.
Where To Crypto Trade In UAE?
United Arab Emirates investors use secure crypto trading apps to invest in cryptocurrencies. The crypto trading apps we recommend are listed below.
Crypto Trading With eToro
eToro is a top social trading broker with a secure crypto trading app for crypto trading. It is an excellent choice for traders who want to invest in cryptos from a mobile device. eToro offers a versatile portfolio with forex currency pairs and cryptocurrencies. The main assets available with eToro are Bitcoin, Ethereum, and Litecoin.
This broker offers access to virtual trading services. A demo account is valuable for traders at all levels. It allows you to test different crypto trading strategies with live market data and prices. eToro’s virtual trading account is a valuable tool if you want to learn more about crypto trading strategies.
UAE traders use eToro’s app because of the competitive fees. eToro has an average spread for withdrawing cryptos of 1.90%. It doesn’t charge hidden commission fees. eToro is a trustworthy broker with impressive research and social trading tools. eToro highlights well-performing traders and lets UAE investors copy their positions. It has many funding options, a fantastic support team, and a digital wallet.
Pros: Commission-free crypto trading, access to many popular cryptos and fiat currency, access to trading CFDs and margin and futures trading, licenses from the FCA, valuable mobile app and trading platform, available in many countries, demo trading account
Cons: Expensive fees, it has a high spread, it lacks smaller cryptos and stocks
Crypto Trading With Gemini
Gemini is a top UAE crypto exchange to crypto trade in the UAE. It offers beginner-friendly services and a secure app. Gemini has different learning tools and user-friendly services. It is a trustworthy cryptocurrency exchange that has never been subject to a major hack. It offers insurance and industry-leading safety measures.
Gemini is a top choice for institutional and advanced UAE traders. It stands out because of its premium tools and custody services. Gemini is a centralized crypto exchange, follows strict rules, and has top-tier licenses. It offers fiat-to-crypto, crypto-to-crypto pairs, and crypto trading services. It has a stablecoin, the Gemini dollars (USDT), which provides attractive incentives to Gemini account holders.
Pros: Access to many Bitcoin trading apps to sell Bitcoin and other cryptos, low fees for daily auctions, low fees for liquidities, including fiat currency and digital assets
Cons: Its professional platforms are challenging for beginners, it has limited customer service
Crypto Trading With Coinbase
Coinbase is a leading cryptocurrency exchange with secure crypto trading services in the UAE. It has a valuable portfolio and an excellent reputation. Coinbase has top-tier licenses and follows strict UAE trading rules. It offers many crypto assets, including Bitcoin, Bitcoin Cash, and Ethereum.
This global crypto exchange has professional services and platforms. It offers a valuable crypto trading app with helpful learning tools. We recommend it for UAE traders at all levels. Coinbase is a secure UAE crypto exchange with useful online trading platforms and apps.
Pros: Secure trading platform and wallet to crypto trade in the UAE, access to many cryptocurrencies, including Bitcoin (BTC) and Litecoin (LTC), beginner-friendly design on all its crypto platforms, access to professional trading tools with Coinbase Pro, access to a versatile UAE crypto exchange app
Cons: High trading fees (higher than with most crypto trading platforms), lack of control of private keys when you keep your coins in your Coinbase account
Crypto Trading With Robinhood
Robinhood is a top zero-fee U.S. broker with a valuable crypto trading app and Cash Management services. It has a simple fee structure with no inactivity trading fees or minimum deposits. Robinhood has top-tier licenses from the USSEC, FCA, and FSC. It is a good choice for professional UAE traders.
This online broker has an industry-leading crypto trading app. Long-term crypto traders in the UAE use Robinhood services because of their professional tools. Its crypto trading app is valuable and offers fast access to crypto trading tools.
Pros: Versatile portfolio with crypto coins, stocks, fiat currency, and ETFs, commission-free app, access to cryptocurrency exchange services, no minimum deposit requirement, regulated by top-tier providers
Cons: Limited digital coins, no debit or credit card payment method, no e-wallets deposits
Crypto Trading With SoFi
The SoFi app is an excellent way to crypto trade in the UAE. It is a US-based fintech startup with top-tier licenses from the SEC and FINRA. SoFi invest offers discount brokerage services with a competitive fee structure for UAE traders.
SoFi is an exciting app, and it functions as a financial ecosystem. Account-holders buy and sell five crypto coins. Traders access loans, saving accounts, and stock trading. The SoFi app is fully digital and offers fast transactions. We recommend it for active and professional UAE traders.
Pros: Access to free stocks and ETFs, knowledgeable customer support, discount brokerage services, fast and fully digital account opening
Cons: Limited asset portfolio, limited payment methods, basic research tools
Crypto Trading With Cash App
Cash App is another great way for crypto trading in the United Arab Emirates. It is a beginner-friendly trading app with a basic design. It offers different research tools and reliable functionality. Cash App provides a cash management account with a competitive fee structure.
Cash App offers access to many crypto assets. It has 1,000 stocks, ETFs, and crypto coins like Bitcoin. It encourages its users to refer friends with attractive rewards. Cash App has an account minimum of $1. We recommend it for inexperienced UAE traders.
Pros: Competitive fee structure, low-cost crypto trading and account minimum, beginner-friendly app, automated investment
Cons: Limited ETFs and Stocks, Standard research tools, Below-average customer support
How To Crypto Trade Using eToro?
Our top choice for crypto trading in the UAE is eToro. eToro is a trustworthy online broker with social trading and crypto trading services. It has a versatile portfolio and a multi-asset trading platform for UAE traders. Here is a step-by-step guide on crypto trading in the UAE with the eToro exchange.
Step 1: Open An Account
The first step for traders in the United Arab Emirates is to open an account with eToro. You’ll find a straightforward sign-up form on their main website. You’ll have to include your full name, date of birth, address, contact information, and source of funds.
Step 2: Perform Account Verification
Next, you need to verify your account. The crypto trading limit before verifying an eToro account is $2,000. Traders in the UAE have to upload a copy of their I.D. and proof of residence. This broker follows strict KYC rules from the UAE. Account verification is necessary for all UAE residents.
Step 3: Fund Your Account
eToro offers many funding methods. Choose a funding method that suits your needs and experience. After you fund your account, the next step is to crypto trade.
Step 4: Crypto Trade With eToro
eToro lets you trade cryptocurrencies when your funds show in your wallet. Digital coins have different tickers. Clicking on one symbol will start your first “buy.” Select the assets you’d like to buy and click “Submit.”
What Is Cryptocurrency Trading App?
A crypto trading app lets you crypto trade on the go. It offers the ability to buy and sell crypto coins at competitive prices. A crypto trading app helps you never miss a trading opportunity. It provides many tools, including trading ideas and research investments.
If you want to crypto trade, you need a valuable trading app to support your trading style. Online brokers offer reliable apps for UAE traders at all levels. Our in-depth platform reviews provide details on crypto trading and crypto apps in the UAE.
Why Should You Consider Crypto Trading?
Trading crypto coins in the United Arab Emirates is rewarding. It is a cost-efficient investment strategy with the potential for high returns. Crypto trading digital assets are attractive. But we don’t recommend it for new UAE traders. Read our in-depth crypto exchange reviews for more information on crypto trading in the UAE.
How Much Does Crypto Trading Cost?
Cryptocurrency trading costs vary based on the app you choose. For example, the minimum balance required to crypto trade stocks in the U.S. is $25,000. Professionals say crypto trading has the potential of generating impressive profits in time. But you should keep in mind that crypto coins are speculative assets. Check our in-depth crypto platform reviews for more information on cryptocurrencies and costs.
How To Crypto Trade Using PayPal?
PayPal is available to all traders who want to crypto trade in the UAE. It is a leading payment method on most crypto trading apps. If you’re going to sign up with PayPal, their official website offers a straightforward form. If you have a PayPal account, click the crypto button on the website or app. There you’ll get access to a comprehensive portfolio.
UAE PayPal users need to use a debit card transaction or bank transfers to fund their accounts. The spending limit is between $1 and $100,000. PayPal charges many crypto trading fees.
How To Crypto Trade Using BTC?
Bitcoin (BTC) is another popular payment method in the UAE. Traders use BTC cryptos on most crypto trading apps as a payment method. It is best to store your funds in a crypto wallet like Bitcoin Cash wallets. Our in-depth reviews offer more details about online wallets and safety.
Cryptocurrency Trading Safely In UAE
eToro is our top recommendation for traders in the UAE who want to crypto trade safely. It offers trustworthy platforms and apps for traders at all levels. eToro offers different payment methods and instant transactions. Crypto trading is inherently risky. We recommend crypto trading with a broker that follows strict rules.
The Risks Of Crypto Trading
Crypto trading in the UAE remains risky. Cryptos are speculative assets and have high risks. Start with a minimum crypto trade to avoid losing all your money. Digital coins are secure, but these might be challenging for beginners. If you invest in cryptos at a high price and the coins crash, you risk losing all your investments. We recommend you use secure crypto exchanges in the UAE.
Crypto trading in the UAE is a top investment method. It is attractive and secure, having the potential for significant rewards. Traders have to use sucre apps and UAE crypto exchanges for crypto trading. We recommend it for skilled and active traders.
Are There Any Safety Risks For Citizens In The UAE?
Cryptocurrency trading has many risks. Crypto trading in the United Arab Emirates is legal. We recommend you use an app with top-tier licenses. Trustworthy licenses for crypto platforms are the ASIC, FCA, and CySEC. The crypto trading apps in our review follow strict rules.
Is A Digital Wallet Necessary To Crypto Trade?
Yes. All UAE traders need a crypto wallet to store their funds and coins. We don’t recommend keeping your coins in the platform’s wallet. Read our in-depth crypto platform reviews for more details on crypto trading safety.
How Much Money Do I Need To Start Crypto Trading?
The answer to this question depends on the app you choose. Buying cryptos on eToro comes with a minimum deposit requirement of $50. The exact investment varies based on an app’s limitations. Check our in-depth UAE platform reviews for more information on cryptos and minimum investments.
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. 76% 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 does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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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