Page Summary
This guide helps compare and find the best DeFi trading platforms in UAE. The growing interest in trading and investing through DeFi exchanges makes it essential to find a crypto exchange with a transparent and safe platform. There are 33 decentralised crypto exchanges in UAE with different trading conditions, making it challenging for investors to select the ideal option for their needs.
Volatility, lack of control, and limited investor protection in the cryptocurrency market require potential investors to understand the pros, cons and key features of trading platforms, considering the risk of investment loss in case of exchange bankruptcy.
To help users make an informed decision, essential data to choose the best DeFi trading platform in UAE are summarised as a list of top choices, in-depth reviews, comparisons and FAQ.
Best DeFi Trading Platforms In UAE
- eToro – Best For Beginners
- Binance – Top For Passive Income Generation
- Coinbase – Great For Wide Range Of Tokens
Top DeFi Exchanges In UAE Reviewed
DeFi cryptocurrency exchanges with the highest rated trading platforms in UAE are reviewed below.
1. eToro – Best Platform For Altcoin Trading In The UAE
Min Deposit: $50
Fees: 4.8
Assets available: 4.8
Total Fees:
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. eToro AUS Capital Limited AFSL 491139. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. OTC Derivatives are speculative and leveraged. Not suitable for all investors. See PDS and TMD. Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
eToro is the leading social trading platform with a transparent fee policy. It offers access to intuitive platforms and a proprietary eToro wallet. eToro users receive access to popular coins, including Bitcoin and Ripple. It has many account tiers, including retail investor accounts.
eToro is a trustworthy platform for altcoin trading. It offers access to 16 different coins and excellent brokerage services. Social trading with digital coins at eToro is like social trading with forex. Traders search for an investor’s portfolio and copy it to their portfolio on a percentage basis. We recommend eToro for traders at all levels who want access to a secure platform.
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. eToro AUS Capital Limited AFSL 491139. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. OTC Derivatives are speculative and leveraged. Not suitable for all investors. See PDS and TMD. Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
2. Binance – Best DeFi Platform For Small-Cap Pairs
Binance is a reliable and trustworthy crypto exchange worldwide. It offers excellent services for UAE traders. Binance offers 100+ different trading pairs, including fiat currency and fiat-to-crypto pairs. This platform is a top choice for small-cap pairs. Binance offers many digital coins, including Bitcoin and Ripple.
Binance is a good UAE crypto exchange for advanced traders. Binance account holders receive access to instant buy features with a debit card. This cryptocurrency exchange offers excellent customer service with knowledgeable answers. Binance has limited learning materials and research features.
3. Coinbase – Best Portfolio With Access To Popular Coins For UAE Traders
Coinbase is the best crypto exchange with an attractive portfolio. It has a competitive fee structure and access to popular cryptos. Coinbase has a straightforward main platform and a professional service, Coinbase Pro.
This crypto exchange offers custodial wallets. These allow Coinbase account holders to secure their coins. The Pro platform is free and provides professional services. Coinbase offers many investment solutions for traders at all levels. It has 80+ digital assets, including Litecoin and Bitcoin. We recommend it for professional UAE traders.
How To Choose a Crypto Exchange With The Ideal DeFi Trading Platform?
Criteria to find a crypto exchange with the ideal DeFi trading platform in UAE are listed below.
- Fees: A transparent fee structure contributes to a great online crypto trading experience. Some DeFi trading platforms have a simple fee structure, others don’t. Check our in-depth reviews to learn more about fee structures and platforms.
- Account: Each trading platform offers distinct account tiers. Some DeFi trading platforms have a minimum deposit fee. Others won’t request an initial deposit for opening new accounts. Some offer retail investor accounts. Others don’t. Read our in-depth reviews to learn more about accounts and DeFi platforms.
- Withdrawal and deposit: The funding process must be transparent and straightforward. Depositing funds takes longer with some providers than with others. Withdrawing funds comes with additional fees. Read about deposit and withdrawal policies in our in-depth reviews.
- Market and products: Each DeFi trading platform has its own market and asset coverage. We recommend you choose a platform with a versatile portfolio. Verify our in-depth reviews to discover more information about DeFi markets and assets.
- Trading platforms: A reliable crypto trading platform has an intuitive interface. Choose a DeFi platform with an easy-to-learn design. The platforms in our review are secure, but some might be challenging for beginners. Check our in-depth reviews to discover which platform is best for your trading experience.
- Customer support: Support is vital for beginner cryptocurrency success. Centralized platforms offer live chat, email, and phone support. We recommend centralized platforms for beginners, as they need to receive support. Decentralized platforms do not offer customer service. Professional traders get lower fees at decentralized providers even though there is no support.
- Safety: A trustworthy centralized platform has top-tier licenses. It offers excellent safety measures for all its accounts. Decentralized platforms don’t follow the rules of any regulatory body. Read our in-depth reviews to learn more about crypto exchanges and safety.
Top DeFi Crypto Exchanges in UAE Compared
Key features of DeFi exchanges with the highest rated trading platforms in UAE are compared in the table below.
| Broker | Number of Available Cryptocurrencies | Trading Fees | Proof of Reserves Ratio | Liquidity | Other Crypto Products | Trading Platforms | Customer Service | Regulators |
|---|---|---|---|---|---|---|---|---|
| eToro | 79 | Spread-based fees from 0.75% to 2.90% | N/A | Low | CryptoPortfolio, social trading, staking | eToro Platform, Mobile App | 24/5 Live Chat, Ticket System | FCA, CySEC, ASIC |
| Binance | 350+ | 0.1% maker/taker spot trading fee | 1:1 | Very High | Futures, options, margin trading, staking, lending, Binance Smart Chain | Binance Platform, Mobile App | 24/7 Live Chat, Ticket System | FCA (UK) |
| Coinbase | 250+ | 0.60%/0.40% maker/taker | 1:1 | Very High | Staking, Coinbase Earn (educational content) | Coinbase Platform, Mobile App | Email Support, Limited Live Phone Support for account compromise | FinCEN in USA, FCA e-money regulations in UK |
How To Open A Trading Account With eToro?
eToro is the best crypto trading platform for UAE traders. It has excellent social trading services and platforms. UAE traders have a minimum trade requirement of $10. The minimum deposit fee at eToro is $200. To sign up with eToro, you have to follow four simple steps.
Step 1: Go to eToro’s main website
The first step you need to take to create an account is to access the eToro official website.
Step 2: Click on the Get Started button
Next, you’ll have to click on Get Started. This will redirect you to a dedicated page for creating new accounts.
Step 3: Set up your account and pass account verification
To buy digital assets with eToro, you have to sign up, verify your account, and make an initial deposit. This process will allow you to use your eToro account to buy, hold, and sell cryptos.
Step 4: Buy digital coins
eToro accounts are a top choice for buying, holding, and selling fractions of digital coins. For example, you don’t have to buy a full BTC coin to own BTC. This applies to all crypto assets available at eToro.
Conclusion
Trading on decentralised exchanges in UAE gained popularity among crypto investors as it offers lower fees, trading directly from crypto wallets and access to a broader range of tokens. However, with the variety of choices, it can be overwhelming for potential traders to choose the ideal service for their needs.
This guide works hard to keep users safe and informed by evaluating, reviewing and comparing platforms of different exchanges. The Business24-7 team of experts previously removed scams and unreliable offers lacking security features to guarantee informed decision-making. The assessment results in a list of the best DeFi trading platforms in UAE, wrapped up in the table below.
| RANK | BROKER | PLATFORM SCORE | BEST FOR | WEBSITE |
|---|---|---|---|---|
| #1 | eToro | 4,9/5 | Trading platform | Official website |
| #2 | Binance | 3,1/5 | Small-cap pairs | Official website |
| #3 | Coinbase | 2,6/5 | Portfolio selection | Official website |
Based on the findings from our review and comparison, we consider eToro as the top DeFi platform based on its easy to use trading features, intuitive design and low trading fees.
FAQ
What Is DeFi?
DeFi is the acronym for “decentralized finance.” It refers to financial applications used in crypto and blockchains to disrupt financial intermediaries. DeFi uses the blockchain to enable complex financial transactions.
Which Are The Best DeFi Cryptocurrencies For Trading?
The best DeFi crypto coins to trade are OX, DAI, Uniswap, and Chainlink.
Do I Need A Crypto Wallet To Trade With DeFi?
Yes. All DeFi protocols need a DeFi wallet to store your funds. Crypto wallets offer a secure and intuitive interface for storing your DeFi purchases. Read our in-depth reviews to learn more about crypto trading and wallets.
Is There A DeFi Trading Bot?
Traders are allowed to use trading bots with DeFi. There are no restrictions on this.
Disclaimer
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.
Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.