Choosing the best crypto exchange in UAE isn't easy! There are 155 exchanges companies available to UAE traders offering different fees, liquidity levels, staking options and overall trading experiences making it unclear for users to choose the right option. That said, it is key to understand your knowledge level and investment goals in order to sign up with an exchange that will match your expectations.
In this guide we go over some of the best choices for UAE traders. We have analysed and compared 155 popular exchanges to buy cryptocurrency in UAE and weighted their overall performance in 8 different categories to help you make an informed decision.
Best For Beginners
Lowest Fees Exchange
Best For Safety & Security
Top 5 Crypto Exchanges In UAE
- eToro – Top Crypto Exchange in UAE for Beginners
- OKX – Great Exchange for Low fees and AED Deposits
- Huobi – Best for Advanced Traders, Safety and Margin Trading
- Binance – Best For Availability of Coins, Liquidity, NFTs and Passive Earning (staking & saving)
- ByBit – Best Crypto Trading Platform in UAE for Mobile
|Exchange||Overall Score||General info||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|
The Winning Choices Reviewed
Below is a detailed break down and comparison of all the exchanges we included in our list of the best cryptocurrency exchanges in UAE and Dubai.
1. eToro – Best UAE Crypto Exchange For Beginners
Established in 2007, eToro is an online brokers and crypto exchange offering simple trading features (easy buy/sell options, search bars, filter systems, watch lists, and risk management tools), an intuitive trading dashboard and excellent social copy trading features. With 25million users, this exchange also has the worlds largest social trading community, which makes it an interesting choice for beginners and casual traders.
eToro's singly offered trading platform (Web Trader) is available on multiple devices (web, mobile) and allows users access to 27 basic cryptocurrencies including:
- Bitcoin Cash
- Lite Coin
All of these coins are available as “real cryptos” or as CFDs and can be traded with up to 5:1 leverage ratio an all account types. eToro does not charge any commissions on crypto trades, instead traders pay a 1% flat fee an all crypto buy and sell orders. Although eToro charges monthly inactivity fees ($10 after one year of inactivity) and withdrawal fees ($5), the overall trading costs are industry average.
eToro is regulated by 4 tier-one regulators, including the SEC, FCA, CySEC, and ASIC, which makes this broker safe for trading cryptocurrencies.
- 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
2. OKX – Best Low Fees Cryptocurrency Trading Platform
Established in 2014, OKX is the worlds biggest derivatives exchange (by users and trading volume) that offers crypto spot, futures, options and derivatives trading. It also has a built-in NFT Marketplace with access to the biggest brads including CryptoPunks, Otherdeed for Otherside and ENS. With fees ranging from 0.1% (taker fee) and 0.08% (maker fee) OKX is among the cheapest crypto exchanges in the UAE.
OKX allows users to trade on over 600 digital assets, over 200 BTC pairs and dozens of crypto-related financial instruments including:
- Crypto spot markets
- Crypto derivatives
- Crypto options and futures
- Crypto perpetuals
- Crypto swaps
- DEX & Margin trading
All cryptocurrencies can be traded with up to 10:1 leverage across all accounts with no additional verification. With a slippage score of 500 and deep liquidity (110,000.000 spot volume/BTC) OKX ensures fast and reliable order fulfilment across all offered coins.
OKX offers two proprietary platforms and an easy to use mobile app:
- 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 Mobile app: mirrors the trading experience of the desktop version
With innovative trading features and support for different trading strategies, OKX is among the top rated platforms for crypto trading in UAE at all levels.
- 600+ available digital assets
- Industry lowest trading fees (0.08-0.10% maker/taker fee)
- Deep liquidity levels
- Passive income options (staking, and liquidity farming, high yield crypto saving)
- Integrated NFT trading platform
- Beginner to advanced trading features
Read the full OKX Review
03. Huobi – Best Trading Platform for Safety and Security
Despite being one of the largest crypto exchanges by volume (115,000.00 spot volume/BTC), Huboi also is among the safest platforms to trade with (has not previously been hacked). They use an advanced distributing system architecture which secures over 98% of users assets on multi-signature cold storage wallets making them inaccessible for hackers.
Huobi allows users to trade on over 1063 financial instruments in the form of regular cryptocurrencies, crypto futures, options and derivatives. Huboi Earn, allows users to participate in high yield saving opportunities including crypto staking, yield farming and crypto lending with up to 50% APY.
With a base trading fee of 0,20% on most crypto assets, Huobi is among the cheapest crypto exchanges in the industry. Fees can be further reduced by up to 65% by holding the exchange’s native tokens (HT). Users can trade with up to 200:1 maximum leverage.
With multiple order types (market, limit and stop limit orders), support for advanced trading styles (automated trading, margin trading, bot implementation) and professional grade charting tools (chart index, market charts and order book), Huboi is an exchange to be considered by advanced traders.
- High standard security features (fingerprint Touch ID login, two-factor authentication, 20K BTC security reserve fund)
- Access to 450 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
Read the full Huobi review
04. Binance – Best For Availability of Assets
With a spot trading volume of 490,000.00 (for BTC), Binance is the world’s largest and most commonly used crypto exchange. Users have access to over 600 different cryptocurrencies and other financial instruments including crypto futures, options, derivatives and NFTs, all with up to 125x leverage. Their deep liquidity ensures users fast and reliable trade execution even on high volume trades and across all cryptocurrencies.
The Binance P2P platform in combination with the Binance Earn allow users access to passive income options through:
- Crypto staking
- Liquidity farming
- Crypto mining
- High-yield crypto savings accounts
- Automated market makers (AMMs)
The trading platform is available on multiple devices (web, desktop and mobile version) and offers casual to advanced, order types (stop, limit, stop-limit market and trailing orders) different trading views and a great selection of trading tools (moving averages, real time charting).
Binance trading fees rage from 0.08 – 0.10% maker/taker and can be further reduced by holding BNB tokens or by taking part in the Binance VIP Program. They don't charge any deposit or withdrawal fees, which makes Binance overall trading costs among the lowest in the industry.
Although Binance has received in-principle approval to operate in the Abu Dhabi Global Market (ADGM) from the Financial Services Regulator Authority (FSRA) of Abu Dhabi, it is still remains an unregulated exchange.
- Great availability of assets (1629 tradable cryptos)
- Deepest liquidity in the industry
- Very 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)
Read the full Binance UAE review
05. ByBit – Best Mobile Crypto Trading Platform in UAE
Established in 2018, ByBit is a crypto derivatives exchange that allows users to trade with up to 100:1 leverage on a wide range of different trading pairs (BTC/USDT, BTC/USD, XRP/USD). With a intuitively designed mobile app, access to various different order types (market, limit, stop loss and advanced order types) and fast trade execution (100,000 transactions/second) it is an interesting choice for mobile traders at all levels.
The ByBit app is intuitively designed, very responsive and offers the same trading tools, charts, and conditional orders as the desktop version.
ByBit users have access to a variety of passive income options with high APYs including:
- Crypto staking
- Liquidity mining
- Dual asset farming
- DeFi mining
Their platforms supports 50 cryptocurrencies, 20+ fiat currencies, NFTs and ICOs. Users can start out with a free demo account filled with $100,000 in virtual money to test their trading strategy or familiarise with the platform.
With a 0.075% taker fee on all traders, a 0.06% net platform trading fee and 0.02% funding fee, ByBit is among the cheapest exchanges in the industry to trade cryptocurrency with.
- Over 30 different payment methods accepted
- Excellent customer support
- Up to 1:100 maximum leverage
- Low trading fees
- Access to NFTs, ICOs
Read the full ByBit review
How To Pick The Right Cryptocurrency Exchange in UAE?
Some of the best exchanges to buy cryptocurrencies in UAE are eToro, OKX, Huobi, Binance and Bybit.
We have compared 154 exchanges in 8 different categories to help you make an informed decision. Below is a detailed comparison of the best crypto trading platforms in UAE across all the categories tested:
*Safety Risks For UAE Citizens
A trustworthy cryptocurrency exchange for UAE citizens is government-regulated and has a trading licence. Larger exchanges have a banking history.
How Is Cryptocurrency Trading Regulated in UAE
The legislation of cryptocurrency trading in UAE is split between three main financial authorities, which are overseen by the Central Bank of UAE:
- Financial Services Regulatory Authority (ADGM)
- Securities and Commodities Authority (SCA)
- Dubai Financial Services Agency (DFSA)
In order for an crypto exchange to be legally operating in the UAE, it needs to have a valid licence from either of the listed regulatory authorities.
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.
This analysis of 154 exchanges available in UAE and their comparison across 8 categories, should be considered as a guide for you to choose the best crypto exchange in UAE. Keep in mind to do your own research and to consider your preferences before signing up. Remember that you can always start with a demo account to practice and see if the broker is a good fit before opening a live account.
What Is A Centralized Cryptocurrency Exchange?
A centralized exchange is run by a private company and requires users to register based on the KYC (Know Your Client) rules.
What Is A Decentralized Cryptocurrency Exchange?
A decentralized exchange does not have a central point of control and is not obliged to follow rules of any regulatory body, meaning there are higher safety risks associated with using them.
How To Buy Cryptocurrency Through an Exchange?
To buy cryptocurrency through an exchange you will need to open an account with them, verify it through KYC, deposit funds into the account and use their platform to 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 your identity.
How To Cash Out Cryptocurrency In UAE?
If you want to cash out crypto in UAE, you’ll have to use an exchange that supports withdrawals in your fiat currency. You can either use a Uquid debit card, a Bitcoin ATM or LocalBitcoins and other P2P exchanges that help you cash out cryptocurrencies.
Is Cryptocurrency Trading in Compliance to the Sharia Law?
Trading cryptos is “halal” and in compliance with the sharia law if the underlaying tokes in halal.
Which Is The Lowest Fees Crypto Platform in UAE?
The platform with the lowest fees in UAE is OKX.
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.
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.75% 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. Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.
- 1 Top 5 Crypto Exchanges In UAE
- 1.1 The Winning Choices Reviewed
- 1.2 How To Pick The Right Cryptocurrency Exchange in UAE?
- 1.3 How Is Cryptocurrency Trading Regulated in UAE
- 1.4 Tips For Beginners
- 2 Conclusion