Best Crypto Exchange Dubai 2022

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The best crypto exchange for Dubai traders are Coinbase, Binance, Kraken, Cex.io, Gemini, and Bittrex. Coinbase offers the best experience for Bitcoin traders with a user-friendly platform. Binance is the leading Dubai exchange with low fees and asset diversity. Bittrex is the leading cryptocurrency exchange with the best account security.

Each cryptocurrency exchange has its strengths and weaknesses. This article discusses the best cryptocurrency exchanges for Dubai citizens.

Top 6 Cryptocurrency Exchanges Dubai:

1. Coinbase is the best Bitcoin-oriented exchange for Dubai residents.
2. Binance is the leading Dubai exchange with low fees.
3. Kraken is the best exchange for futures and margin trading.
4. Cex.io offers the best cryptocurrency selection for Dubai citizens.
5. Gemini offers the best experience for Bitcoin and Ethereum traders.
6. Bittrex offers the best account security

RANKBROKERGENERALBEST FORFEESWEBSITE
#1CoinbaseBest fees and trading toolsGreat trading platform and fees0.50% spread for buy/sell and up to 0.50% for Coinbase ProOfficial website
#2BinanceBest for altcoinsBest Altcoin Portfolio0.1% spot trading fee; 0.5% instant buy/sell feeOfficial website
#3KrakenBest for experienced investorsBest Cryptocurrency Exchange For Professionals0% – 0.26%Official
website
#4CEX IOBest choice for Dubai tradersBest Exchange for Dubai users0.10-0.25% maker fees; 0-0.16% taker transaction fee (2.99% deposit)Official website
#5GeminiExchange for both professional and inexperienced tradersBest experience for Bitcoin and Ethereum traders1.49%Official website
#6BittrexBest transaction feesBest account security0-0.35% maker/taker feesOfficial website


Top 6 Cryptocurrency Exchanges In Overview:

01. Coinbase: Best Bitcoin-Oriented Exchange For Dubai Residents

coinbase-Dubai-logo

Coinbase is the leading US-based cryptocurrency exchange with a beginner-friendly platform. It is a top choice for traders at all levels as it offers an excellent website and trading platform. Coinbase supports 14 different cryptocurrencies, including Bitcoin and Ethereum.
The standard trading fee at Coinbase is 1.49%. If you swap between Bitcoin and other cryptocurrencies in your wallet, the average cost is 0.50%. Coinbase is a top choice for traders who want the best Bitcoin trading services.


02. Binance: Best Dubai Cryptocurrency Exchange With Low Fees

binance-best-crypto-exchange-Dubai

Binance is a top cryptocurrency exchange with reliable platforms and services for Bitcoin day trading. It offers competitive fees and access to hundreds of digital currencies.
The commission fees at Binance start at 0.1%. It offers access to advanced charting and analysis tools for professional traders. Binance has limited learning tools and many premium services, including crypto staking.

Related: Best UAE Cryptocurrency Exchange, Best Cryptocurrency Exchanges In Saudi Arabia, Best Cryptocurrency Exchanges In Qatar


03. Kraken: Best Exchange For Futures And Margin Trading

kraken-crypto-exchange

Kraken is a top cryptocurrency exchange in Dubai with access to 18 different cryptocurrencies, including Bitcoin and Ripple. It has a secure web platform but has no mobile app. Kraken has the best fee schedule called Maker-Taker.
The Maker-Taker schedule incentivizes larger trading volumes through discounts. For example, a monthly average volume over US$50,000 will have a fee of US$2,60 per US$1,000 in trading volume.


04. Cex.io: Best Cryptocurrency Selection For Dubai Citizens

cex-io-logo

Cex.io is a global cryptocurrency exchange supporting traders in more than 99% of countries worldwide. It offers access to 80+ crypto assets, including Bitcoin.
This exchange has a Maker-Taker fee schedule based on your 30-day trading volume. Its Maker fees range from 0-.016%, and its Taker fees vary from 0.1-0.25%. Cex.io offers many useful trading features, including staking rewards and crypto-backed loans.


05. Gemini: Best Experience For Bitcoin And Ethereum Traders

gemini-exchange-logo

Gemini offers secure platforms for trading cryptocurrencies. It lets users buy, store, and sell many cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin.
Gemini is a licensed digital asset exchange for both professional and inexperienced traders. It is the highest priced cryptocurrency exchange available today, with fees of 1.49%.


06. Bittrex: Best Account Security

bittrex-logo

Bittrex has the best account security, with access to 100 tradeable cryptocurrencies. It offers industry-leading coins, including Bitcoin, Litecoin, and Ethereum. Bittrex is a web-based trading platform with no mobile or desktop platforms.
This exchange has a straightforward pricing structure with a flat fee of 0.25% on all trades. This flat fee is great for low-volume traders.


Other Dubai Exchanges We Consider

There are many Dubai cryptocurrency exchanges available. Besides our top choices listed above, we consider the following Dubai exchanges as a good fit for most traders:

Bitstamp – this exchange offers up to 20 cryptocurrencies with excellent services for advanced traders. Its fees start at 0.5%, but you’ll need at least $50 to trade.

Abra – this is a mobile crypto exchange with more than 100 cryptocurrencies, including Dogecoin, Ethereum, and Bitcoin. It offers custodial storage services and loans. 

SoFi – this is more of an online brokerage than an exchange, but it offers three major crypto assets: Bitcoin, Ethereum, and Litecoin. It is an investment app with a 1.25% markup on all crypto transactions.

BlockFi – this is a crypto platform with commission-free trading, crypto-backed loans, and institutional trading. It has a limited cryptocurrency selection.

eToro – this brokerage firm offers a highly secure crypto exchange. It supports traders in 140 countries, and it has a minimum deposit fee of $50.

Webull – this online broker requires $1 to start trading cryptocurrency. It has a limited investment selection with access to Bitcoin, Ethereum, and Litecoin.

Robinhood – this online broker offers a commission-free structure for low-cost investments. It has an excellent investment app with access to Bitcoin, Bitcoin Cash, Ethereum, and Dogecoin. Robinhood is available to US residents only.

How We Choose The Best Cryptocurrency Exchanges For Dubai Citizens?

We select the best cryptocurrency exchanges for Dubai citizens after in-depth research. We use 105 criteria, including:We select the best cryptocurrency exchanges for Dubai citizens after in-depth research. We use 105 criteria, including:

Costs: A trustworthy exchange has a transparent fee structure. Some exchanges have higher fees than others. Check our in-depth reviews to read more about the “all-in-costs” of each cryptocurrency exchange.

Account: Cryptocurrency exchanges have different account tiers. Some offer a single account type, others have several account tiers. Read about account types in our in-depth reviews.

Withdrawal and deposit: Withdrawing and depositing funds should be simple. Cryptocurrency exchanges differ based on small deposit fees, high deposit fees, and no deposit fees. Verify which exchange has the best withdrawal and depositing process for your needs in our in-depth reviews.

Market and products: Cryptocurrency portfolios differ from provider to provider. Users need to find an exchange that offers trading with the desired cryptocurrency coin or asset. Read more about it in our in-depth reviews.

Trading platforms: An excellent crypto trading experience depends on the trading platform. We recommend choosing an exchange with a user-friendly platform. The exchanges mentioned in this article are secure and offer beginner-friendly services.

Security: Account security is a key aspect of our research. We select the best cryptocurrency exchanges based on their trading licenses and banking history. Read about trading risks for Dubai citizens in our in-depth reviews. 

Different Types Of Exchanges

Before you choose a cryptocurrency exchange, it is important to understand the types of exchanges available.

Centralized Exchanges
Centralized exchanges are the most common. These include Coinbase, Binance, Kraken, and Gemeni. These exchanges are private companies that offer crypto trading platforms. They require registration and identification based on the Know Your Customer rule. 
Centralized exchanges are platforms that enable the buying and selling of cryptocurrency. They act as trusted intermediaries in trades and often function as custodians by storing and protecting your funds.

Decentralized Exchanges
Decentralized exchanges function similarly to Bitcoin. A decentralized exchange doesn’t have a central point of control. It is similar to a network, except that each computer within the network is spread out across the world. So, if one of these computers turns off, it doesn’t interfere with the network. 
Decentralized exchanges are not subject to the rules of any regulatory body. This means that traders trading on a decentralized exchange don’t have to declare their identification. 

Final Verdict

Coinbase, Binance, Kraken, Cex.io, Gemeni, and Bittrex are the best cryptocurrency exchanges for Dubai residents. Coinbase is our top choice as the best Bitcoin-oriented exchange for Dubai traders. Binance is a good fit for traders looking for the lowest fees in the industry. Kraken is the best exchange for futures and margin trading. 

FAQ

We review cryptocurrency exchanges with real accounts and money. Our findings depend on 105 criteria, including account security and asset availability.

How Does A Cryptocurrency Exchange Work?

A cryptocurrency exchange is an online marketplace where users buy, sell, and trade cryptocurrency. It works similar to an online broker because users are allowed to deposit fiat currencies and use those funds to buy digital coins. Users might choose to trade their cryptocurrency for other cryptocurrencies. 

How To Choose A Cryptocurrency Exchange?

There are many aspects to consider when choosing a cryptocurrency exchange. It is important to check fees, asset diversity, and account security. Read our in-depth reviews to learn more about how to choose a cryptocurrency exchange in Dubai.

How Do You Buy Cryptocurrency?

Most centralized exchanges let you deposit funds with your bank account, credit card, or debit card. These funds are exchanged for a digital coin. Most exchanges offer a straightforward Buy Now type of transaction, but others provide access to advanced order types, including limit and stop orders. 

How Do You Open A Cryptocurrency Exchange Account?

Most exchanges have you create an online account and submit proof of identity. This may include answering personal questions, verifying your identity with a third-party app, or offering a picture of your ID. When your account is approved, you will have to deposit funds and start buying cryptocurrency. 


Methodology 

The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.

Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.

Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

Business24-7 maintains high editorial standards and provides the best advice and recommendations. The products and companies that we review may compensate us when you click on the links on this website. Click below to find out more about our review process and methodology.

Disclosure

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.

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Stefan Grasic (Dipl.-Jur) is the World Wide Director of research for Buisness24-7 and has considerable experience in the financial and investment niche, but also enjoys writing articles for the general readership. Stefan is an active Crypto, Forex and general investment researcher advising blockchain companies at their start up level. He keeps fit by mountain biking, surfing, skiing and lots of other adrenaline sports.

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