This guide helps users to find the best crypto exchange in UAE for investing and trading with digital currencies. Cryptocurrency trading platforms often lack security, transparency and liquidity. Furthermore, the growing number of reliable and scam exchanges in the United Arab Emirates makes choosing the ideal option for individual needs challenging.
For investors to select the ideal service, they need to be aware of nontransparent (scam) providers and understand the unique features of platforms, keeping in mind that they are not protected in case of the exchange’s bankruptcy. To help investors make an informed decision, considering different investment goals, we have reviewed and compared essential information to choose the ideal cryptocurrency exchange in UAE.
This guide evaluates, compares and reviews 174 exchanges available in UAE to help users find the ideal platform for their needs. The highest-rated exchanges in UAE are listed below, followed by in-depth reviews, comparisons and FAQs.
Top 5 Crypto Exchanges In UAE
- eToro – Best Beginners Exchange in UAE
- OKX – Highest Liquidity Exchange
- Binance – Best Availability of Coins Crypto Exchange
- Huobi – Most Secure Exchange
- ByBit – Best Crypto Trading Platform Exchange
The best cryptocurrency exchanges in UAE and Dubai are reviewed below including a list of key features.
eToro is the best crypto exchange in UAE for beginners. They offer low trading fees of 1% on all crypto orders. The eToro trading platform has a variety of trading tools for beginners. It is accessible on multiple devices including web and mobile apps and supports 27 cryptocurrencies.
eToro 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 traders from experienced traders.
With 25million users world wide eToro is a reputable exchange. It is also considered safe because it is re regulated by 4 tier-one regulators, including the SEC, FCA, CySEC, and ASIC.
eToro customer support is available 24-7 through email, phone and live chat.
- Integrated e-wallet (Hot wallet)
- Excellent copy and social trading features (Copy Trader, CopyPortfolio)
- Easy buy and sell options
- Free Demo account with $100,000 in virtual money
- Low minimum deposit ($200)
- Average trading fees (0% Commission, 0,75% spread)
Read the full eToro UAE review
OKX is the world’s biggest derivatives exchange (by users and trading volume), established in 2014. With an average spot trading volume of $1,789,789,248/day it’s liquidity is high. They offer access to a variety of crypto products including crypto spot, futures, options, and derivatives trading. Their trading platform has a built-in NFT Marketplace with access to the biggest brands including CryptoPunks, Otherdeed for Otherside, and ENS. OKX charges low trading fees from 0.1% (taker fee) and 0.08% (maker fee). It is among the cheapest crypto exchanges in the UAE.
OKX’s crypto trading platform has 3 versions:
- Simple Trading Platform: offers simple and intuitive buy, sell, and conversion options and is better suited for beginners
- Active Trading Platform: offers access to advanced trading features (market limit and stop orders, conditional orders and customisable market charts), and advanced trading strategies (margin trading, automated trading, bot trading)
- OKX crypto app: mirrors the trading experience of the desktop version
OKX offers access to a variety of crypto markets including 365 crypto assets and 675 crypto pairs. All cryptocurrencies can be traded with up to 10:1 leverage. With a slippage score of 500, OKX trade execution is reliable.
OKX available assets compared with other exchanges from our list
OKX has an extensive education section for beginner and advanced traders. It is accessible under the “Learn” section and features trading courses, webinars, articles ands videos.
- 600+ available digital assets
- Low trading fees (0.08-0.10% maker/taker fee)
- Deep liquidity levels ($1,789,789,248/day)
- Passive income options (staking, and liquidity farming, high yield crypto saving)
- Integrated NFT trading platform
- Beginner to advanced trading features
- Proof of Reserves (1:1)
Read the full OKX Review
Binance is the world’s largest crypto exchange with a daily trading volume of $22,371,084,011 (BTC). Users have access to over 600 different cryptocurrency instruments including crypto spot, futures, options, derivatives and NFTs. Their platform supports a wide range of fiat currencies including EUR, USD, GBP, AUD, HKD, and INR. The platform’s deep liquidity ensures fast and reliable trade execution.
Binance trading platform is available as a web, desktop and mobile app. It offers a variety of order types including stop, limit, stop-limit market and trailing orders. Users can access beginners and advanced trading tools such as moving averages, margin trading and real time charting.
Binance offers access to a free crypto card (Visa Debit Card).
Binance trading fees rage from 0.08 – 0.10% maker/taker. Trading fees can be further reduced by holding BNB tokens (or by taking part in the Binance VIP Program). Bitcoin trading is available at zero-fees (no network fees and no maker/taker fees). Binance doesn’t charge deposit or withdrawal fees, which make their overall trading costs among the lowest in the industry.
Binance fee structure compared with other crypto exchanges on our list
|Maker Fee (Spot)||0,08%||0,04%||0,08%||0,02%||0,10%|
|Taker Fee (Spot)||0,10%||0,05%||0,08%||0,07%||0,10%|
|Maker Fee (Derivatives)||0,02%||0,02%||0,02%||0,02%||-0,03%|
|Taker Fee (Derivatives)||0,05%||0,04%||0,05%||0,07%||0,08%|
|Account Funding Fee||✓||✓||✓||✓||✓|
Binance Earn program offers access to passive earning including:
- Crypto staking
- Liquidity farming
- Crypto mining
- High-yield crypto savings accounts
- Automated market makers (AMMs)
- Great availability of assets (1629 tradable cryptos)
- Deep liquidity ($22,371,084,011 /Day)
- Competitive trading fees (0.08-0.10% maker/taker fee)
- Multiple passive income options (staking, savings, and liquidity farming)
- Integrated NFT trading platform (Anatomy Ape, Crypto Punks, Opensea)
- Intuitive mobile trading app (iOS and Android)
- Access to a Visa Crypto Debit Card
- Proof of reserves (1:1)
Read the full Binance UAE review
Huobi is a global cryptocurrency exchange based in Seychelles. They have high security standards including multi-signature cold storage (98% of client assets), a Security Reserve Fund (20,000 BTC total value), two-Factor Authentication (2FA) and an anti-phishing code confirmation. Huobi offers access to 446 cryptocurrencies. They also offers other crypto products such as crypto futures, options, derivatives loans and yield products.
Huobi security and safety rankings compared with other exchanges on our list
|Proof of Funds||✓||✓||✓||✓||✓|
Charting tools available on Huobi’s crypto trading platform are chart index, market charts and order book. Users can make use of multiple order types such as market, limit and stop limit orders. Trading styles available to users are: automated trading, margin trading and bot implementation. The platform is accessible through web and mobile (Android & iOS)
Huboi users can participate in high yield saving opportunities (up to 50% APY) including crypto staking, yield farming and crypto lending.
Huboi charges a base trading fee of 0,20% on most crypto assets. Fees can be further reduced (by up to 65%) by holding HT tokens.
- High standard security features (fingerprint Touch ID login, two-factor authentication, 20K BTC security reserve fund)
- Access to 446 different cryptos
- Up to 50% APY with Huboi Earn (staking, lending, yield farming, DeFi mining, and the Polkadot Slot Auction)
- 200:1 maximum leverage
- Casual to advanced trading features
- Proof Of Reserver (1:1)
Read the full Huobi review
ByBit is a crypto derivatives exchange based in Dubai (United Arab Emirates). They support 400+ crypto coins. Users have also access to other crypto markets including spot, options, futures, margin, P2P and NFTs. Trading pairs available on ByBit include BTC/USDT, BTC/USD and XRP/USD.
ByBit trading platform supports a variety of order types such as market, limit, stop loss, conditional orders and instant buy options. The platform is available as a web and mobile app (Android and iOS). Users have access to copy trading and automated trading (through bot integration). With 100,000 transactions/second trade execution on the platform is fast.
Passive income options offered by ByBit are listed below:
- Crypto staking
- Liquidity mining
- Dual asset farming
- DeFi mining
Bybit charges 0.01%/0.06% maker/taker fee. They additionaly charge a 0.06% net platform trading fee and 0.02% funding fee.
Deposits on ByBit are available through bank transfer, credit/debit card, cryptocurrency and Paypal. Withdrawals are only available through cryptocurrencies.
- Over 30 different payment methods accepted
- Excellent customer support
- Up to 1:100 maximum leverage
- Low trading fees
- Access to NFTs, ICOs
- Proof of Reserves (1:1)
Read the full ByBit review
How To Choose The Ideal Cryptocurrency Exchange and Platform in UAE?
Criteria for finding an exchange with the best crypto trading platform in UAE are listed below.
- Reputation. Choosing a reputable exchange increases traders safety and helps avoiding scams. Exchanges reputation needs to be checked considering the following criteria: regulatory compliance (licenses), security, number of users, positive users feedback and non-hacked history record.
- Transparent Proof of Reserves. Transparent proof of reserves reduce the risk of loss due to exchanges insolvency or fraud. Exchanges with transparent proof of reserves should be preferred. The most common proof of reserve ratio is 1:1.
- Liquidity. Exchanges with higher liquidity should be preferred. They have faster trade execution, greater market depth and lover pricing which increases chances for profitable trading.
- Fees. Two types of fees need to be considered: trading fees (maker/taker fees, flat fees and volume based fees) and non trading fees (deposit & withdrawal fees, conversion fees). Exchanges with an overall lover fee structure should be preferred.
- Crypto Trading Instruments. Exchanges with a wider range of crypto trading instruments should be preferred. The following instruments should be considered: spot trading, margin trading, futures trading, options trading, swap trading and crypto CFDs
- Range of Crypto Products. Exchanges with a wider range of crypto products should be preferred. These increase diversification, flexibility and overall chances for profit. The most common products are cryptocurrencies, NFTs, ICOs, ETFs, derivatives, DeFi products and staking (lending) products.
Some of the best exchanges to buy cryptocurrencies in UAE are eToro, OKX, Binance, Huobi and Bybit.
Top UAE Exchanges Compared
Key features of the top rated exchanges for UAE traders and investors are compared in the table below.
|Fees (Maker/Taker)||1%/1%||0.10%/0.02%||0.08% /0.1%||0.04%/0.05%||0.1% /0.1%|
|Liquidity/Spot Volume (BTC)||$2,739,612||$89,000||$806,899,070||$36,500||$53,964,331|
|Number Of Cryptocurrencies||30+||400+||600+||400+||100+|
|Available Crypto Markets||Spot trading||Spot, derivatives,|
options & futures,
perpetuals & swaps, NFTs
options & futures,
perpetuals & swaps, NFTs, P2P
options & futures,
perpetuals & swaps, NFTs, P2P
|Spot trading, perpetuals & futures|
|Other Crypto Products||Margin trading||Staking, Margin trading, Liquidity Mining, Bot trading, Automated trading, NFTs||Staking, Margin trading, Liquidity Mining, Saving, NFTs||Staking, Margin trading, Liquidity Mining, NFTs||Staking, Cloud mining|
|Proof of Reserves||N/A||1:1||1:1||1:1||1:1|
|Licences||FCA, CySec, ASIC||MFSA||N/A||FSA, GFSC||N/A|
Popularity Of Crypto Trading Platforms in UAE
Number of business24-7 users from the UAE that selected these exchanges in the last year are compared in the table below.
|Exchanges||Popularity (number of UAE users)|
How Are Cryptocurrencies Regulated in UAE
Cryptocurrency regulation in UAE has two legislation areas and regulation bodies. The Securities and Commodities Authority (SCA) is authorised to adopt a unified legal framework overseeing the crypto market of UAE on the government level. The Dubai Virtual Asset Regulatory Authority (VARA) regulates digital assets exclusively in the financial free-zone area of Dubai.
Crypto exchanges and platforms classified as Virtual Asset Service Providers (VASP) must secure a license from either the SCA (the primary licensing body on the government level) or the Dubai Virtual Asset Regulatory Authority (VARA) (on the economic free zone level) to legally offer cryptocurrency services in the UAE.
Is Cryptocurrency Trading and Investing Legal in UAE?
Yes, investing and trading with cryptocurrencies in UAE is regulated by the Securities and Commodities Authority (SCA) and, therefore, is legal. The SCA’s Decision No. 23 of 2020 concerning Crypto Assets Activities Regulation (CAAR) regulates the offering, issuing, listing and trading with cryptocurrencies in UAE at the government level. Citizens of the United Arab Emirates are allowed to trade, hold, exchange and invest in cryptocurrencies.
Tips For Beginners
If you are just starting out with crypto trading, there are a few things to consider before signing up with with a crypto exchange.
Start Investing in Stable Coins
The crypto market is highly volatile and a few mistakes can hurt your finances. Make sure you start trading with alt-coins (Bitcoin, Ethereum, Ripple) which have proven to be more stable and receptive for beginners mistakes.
Use a Free Demo Account to Get Started
Always start with a trading platform that offers a free demo account. This allows you to get a feel for the platform, the trading dashboard and to test your trading strategy before investing real money.
Make Use Of Copy Trading
Picking the right cryptocurrencies and the right trades is crucial to your financial success. Copy trading enables you to copy portfolios and trades from seasoned investors based on their past performance, instead of picking them on your own.
Avoid Leveraged Positions
All fo the recommended exchanges offer trading with leverage to a different extend. As promising as it sounds to trade with borrowed money, its is a double-edged sword and nothing that unexperienced traders should make use of.
Watch a short recap of the highest rated choices in the video below.
Trading with cryptocurrency is an excellent investment to make financial gains and grow wealth. However, with the growing number of exchanges in the UAE, potential traders need to gather, compare and evaluate essential data to choose the ideal service for their needs.
In this guide, we have worked hard for our readers to keep them safe and informed by comparing, evaluating and reviewing the services of different exchanges. We have previously removed scams and unreliable offers lacking security features to help them make and informed decision. Our analysis results in a list of the best crypto exchanges in UAE, which is summed up in the table below.
|Exchange||Overall Score||Best For||Fees (Maker/Taker)||Spot Volume (BTC)|
|#1||eToro||4.9||Best overall exchange||1%/1%||$2,739,612|
|#2||OKX||4.8||Best for Low Fees||0.10%/0.02%||$89,000|
|#3||Huobi||4.8||Best for security||0.04%/0.05%||$36,500|
|#4||Binance||4.7||Best for available assets||0.08% /0.1%||$806,899,070|
|#5||ByBit||4.6||Best for mobile||0.1% /0.1%||$53,964,331|
Keep in mind to do your own research and to consider your preferences before making a final decision.
What Is A Centralized Cryptocurrency Exchange?
Centralized exchanges are run by private companies and require users to register based on the KYC (Know Your Client) rules.
What Is A Decentralized Cryptocurrency Exchange?
Decentralized exchange does not have a central point of control and are not obliged to follow rules of regulatory bodies.
How To Buy Cryptocurrency Through an Exchange?
To buy cryptocurrency through an exchange users need to open an account, verify it through KYC, deposit funds and open a buy trade.
How To Open A Cryptocurrency Exchange Account?
The most common way to open a cryptocurrency exchange account is by applying online, filling out the required forms and submitting the KYC required documentation to prove identity.
How To Cash Out Cryptocurrency In UAE?
To cash out crypto in UAE, users have to use an exchange that supports withdrawals in their fiat currency. A Uquid debit card, a Bitcoin ATM, LocalBitcoins and other P2P exchanges can be used.
Is Cryptocurrency Trading in Compliance to the Sharia Law?
Trading cryptos is “halal” and in compliance with the sharia law if the underlaying tokes is halal.
Which Is The Lowest Fees Crypto Platform in UAE?
The platform with the lowest fees in UAE is OKX.
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. 74% 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.