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This guide helps to compare and find the best crypto exchanges in UAE for small businesses. Accepting cryptocurrency payments or investing in cryptocurrencies through a business account requires tax documentation, registration, a business bank account to deposit funds, and disclosure from the owners. There are 31 crypto exchanges in UAE offering business accounts with different conditions making it tough for investors to select the ideal option for their needs.
Comparisons of available platforms and their service helps traders choose a provider with high transaction limits, robust security features, support for various fiat currencies, and API integration options.
This guide compares and evaluates available exchanges in UAE to help users find the ideal platform for their needs. The best business crypto exchanges in UAE are listed below, followed by in-depth reviews, comparisons, and FAQs.
Best Business Crypto Accounts in UAE
- Gemini
- Kraken
- BlockFi
- Voyager
- Coinbase
If you want to register a business crypto account, you’ll need to provide extra documentation. Most crypto exchanges want you to upload company documents like proof of registration and a valid tax number. You can also only deposit funds on the crypto exchange from a business bank account. Below we will outline the best business crypto accounts in the UAE.
1. Gemini – Best Easy Onboarding Crypto Business Account
Gemini is a cryptocurrency exchange that offers business owners a trading platform, mobile app, and crypto wallet. Users can take part in crypto staking and earn up to 7% p.a. The business crypto accounts on Gemini have double the limits of personal accounts.
It is easy to onboard as you fill in an application after which a Gemini representative will contact you to set up your account. Gemini’s user interface is beginner-friendly and the trading platform and wallet are secured with military-grade SSL encryption. Overall, Gemini has the perfect crypto business account for companies that want to start with crypto.
2. Kraken – Broadest Range of Available Cryptocurrencies for Business Owners
Kraken offers corporate clients the widest selection of cryptocurrencies. As a business owner, you have access to the Kraken Trade Desk and Kraken Account management. A Kraken representative will help you carry out large trades when needed.
As an institutional client, you can trade over 50 different cryptocurrencies, including altcoins like Gnosis, Kava, and Dogecoin.
3. BlockFi – Best Crypto Business Account for Staking
BlockFi is a decentralized cryptocurrency exchange or DEX. This means you do not trade with a broker, but with other users and businesses. BlockFi focuses on corporate clients and you can buy and borrow funds in US dollars, cryptocurrencies, and stablecoins.
By participating in cryptocurrency staking you can earn up to 8,6% p.a. On your cryptocurrency holdings. This staking means you provide liquidity to the network and get paid for doing so. You can see this as a form of saving, but with higher interest rates.
5. Voyager – Best Crypto Business Account With the Lowest Fees
Nobody likes paying high trading fees. Most cryptocurrency exchanges charge their users fees as part of their business model. Voyager is unique and offers commission-free trading on cryptocurrency. Institutional clients enjoy some benefits, like increased market access, liquidity, Smart Order Routing, and customized custodial services.
6. Coinbase – Best Crypto Business Account for New Investors
Coinbase is one of the biggest cryptocurrency exchanges in the world. It is beginner-friendly and has an easy-to-use trading platform. Coinbase charges fair fees and offers business owners an institutional account. A representative will help you out setting up your account. This account includes a commerce platform that allows you to accept cryptocurrency payments from customers.
How To Select The Ideal Crypto Exchange in UAE With a Business Account?
Criteria to choose the optimal crypto exchange with a business account in UAE are listed below.
- High Transaction Limits
- API Integration Features
- Availability Of Corporate Services (OTC trading, custodial services, account management)
- Robust Security Features (2FA, cold storage for funds, insurance policies, and a track record of handling security breaches)
- High Liquidity/Trading Volume
- High Regulation and Compliance Standards ( KYC, AML and others)
- Wide Range Of Supported Fiat Options
- Competitive Fees
- Responsive Customer Support
Top Crypto Business Accounts Compared
Key features of exchanges with the highest rated crypto business accounts in UAE are compared in the table below.
| Crypto Exchange | Transaction Limits | API Integration Features | Availability Of Corporate Services | Availability of Security Features | Liquidity/Trading Volume | Regulation | Range Of Supported Fiat Options | Fees | Customer Support Options |
|---|---|---|---|---|---|---|---|---|---|
| Gemini | High | Extensive | Yes | Two Factor Authentication (2FA), Whitelisting, Cold Storage | High | NYDFS | USD, AUD, CAD, EUR, GBP, SGD, HKD | Trading fees ranging from 0.03% to 1% based on 30-day trading volume; Transfer fees may apply | Email, FAQ, Guide |
| Kraken | High | Extensive | Yes | 2FA, Email confirmations for withdrawals, Master Key, Global Settings Lock | Very High | FinCEN | USD, EUR, CAD, AUD, GBP, CHF, JPY | 0.00% – 0.26% per trade, depending on volume and whether you’re a maker or taker; Other fees for different services | 24/7 Live Chat, Email, FAQ |
| BlockFi | Moderate | Limited | Yes | 2FA, Whitelisting | Moderate | Registered with the U.S. SEC and FINRA | USD | No trading fees, but spread costs apply; Withdrawal fees may apply | Email, Phone, FAQ |
| Robinhood | Low (compared to other exchanges) | Limited | No | 2FA, Robinhood Instant, FDIC insured | Moderate | Finra, SEC | USD | No trading fees, but spread costs apply; Other fees for premium services | Email, FAQ |
| Voyager | Moderate | Limited | No | 2FA, Secure storage | Moderate | FinCEN | USD | No trading fees, but spread costs apply | Email, FAQ |
| Coinbase | High | Extensive | Yes | 2FA, Secure Storage, Coinbase Vault, Whitelisting | Very High | FinCEN | USD, EUR, GBP, and others | 0.04% – 0.50% per trade, depending on volume and whether you’re a maker or taker; Other fees for different services | Email, Phone, FAQ |
Accepting Crypto Payments as Business Owner
Accepting cryptocurrency payments as a business owner is easier than ever. Nowadays Square and PayPal allow you to accept crypto payments, both for individual and business transactions. Some crypto exchanges also offer these kinds of solutions, like Coinbase with its Commerce platform. You only pay fees when you wish to convert your crypto to fiat.
Pros and Cons of Business Crypto Accounts
Although setting up a business crypto account has many advantages, there are also some disadvantages. You can see from the table below what the pros and cons of business crypto accounts are.
Pros
- Cryptocurrencies are widely accepted
- Cryptocurrencies allow you to accept payments from customers across the globe
Cons
- Cryptocurrencies are very volatile. When a customer pays for something it might not be the same amount when you convert it to fiat money
- The fees are high, especially with altcoins like Ethereum
The Security of Crypto Business Accounts
Security is one of the most important things when dealing with cryptocurrency. Cryptocurrency transactions are irreversible, which means you have to make sure your crypto account is secure. This has both pros and cons. You don’t have to worry about chargebacks when someone has paid you, but you don’t want to get hacked.
We recommend you always use two-factor authentication to protect your crypto business account. It is also advisable to change passwords often. Once you have amassed a large amount of crypto, it is a good idea to store it on an offline hardware wallet. An offline hardware wallet prevents hackers, scammers, and cybercriminals from stealing your cryptocurrency and is considered the safest way to store your crypto.
Conclusion
Interest in Bitcoin payment is increasing among UAE citizens forcing businesses to implement crypto payment options. However, with the various exchanges, business owners must evaluate and compare their platforms and conditions to choose the ideal option for their needs.
In this guide, we have worked hard to help users make informed decisions by comparing and reviewing the services of different providers. Our analysis results in a list of the best crypto business accounts in UAE, wrapped up in the listing below.
| Exchange | Overall Score | Best For | Official website | |
| #1 | Gemini | 4.9 | Easy On-boarding | Official website |
| #2 | Kraken | 4.8 | Availability of cryptos | Official website |
| #3 | BlockFi | 4.8 | Staking | Official website |
| #5 | Voyager | 4.6 | Low fees | Official website |
| #6 | Coinbase | 4.6 | New Investors | Official website |
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Stefan Grasic (Dipl.-Jur) is the owner of Business24-7 and has considerable experience in the financial and investment niche, but also enjoys writing articles for the general readership. Stefan is an active stock, CFD, crypto and general investment researcher, advising blockchain companies such as Blockbird, GoCrypto, Hive Terminal at their start up level. Stefan began trading in 2010 as a college student. Money was tight,…