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How To Buy Ethereum in UAE | 2021 Award Winning Crypto Exchanges

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Ethereum is a popular cryptocurrency with a market capitalization of over $232 billion. According to Coinmarketcap it is the second leading cryptocurrency and has the support of international business leader Mark Cuban. If you’re considering investing in Ethereum, this article is for you.  

Best Exchanges to Buy Ethereum in UAE

  • eToro has the best overall offer for UAE residents. 
  • Coinbase has beginner-friendly services. 
  • OKEX has the lowest trading fees for buying Bitcoin in the UAE. 
  • Binance offers asset diversity and premium platforms for traders at all levels. 
RANKBROKERGENERALPLATFORM SCOREBEST FORWEBSITE
#1eToroSuperior social trading experience4.9 / 5Best overall offerOfficial website
#2CoinbaseFor traders at all levels4.4 / 5Best beginner-friendly servicesOfficial website
#3OKEXExcellent of its safety measures4.5 / 5Lowest trading feesOfficial website
#4BinanceBest portfolio with a focus on diversity4.3 / 5Asset diversity and premium platformsOfficial website

Our Top 4 Ethereum Exchanges in Overview: 

01. eToro: The Best Overall Offer For UAE Residents

etoro-login

eToro is the leading social trading brokerage firm with an excellent day trading platform. It offers a proprietary platform, a web platform, and a dedicated social trading space. 

This broker offers premium research tools, including social sentiment and an economic calendar. eToro has some of the best day trading services for experienced investors. 


02. Cionbase: Beginner Friendly Services

Coinbase is the leading US-based cryptocurrency exchange with a beginner-friendly platform. It is popular because of its secure and straightforward website, Coinbase Pro. It offers access to 14 different cryptocurrencies, including Bitcoin, Litecoin, and Ethereum. 

Coinbase has an excellent platform for traders at all levels. The standard fee is 1.49%, and the typical cost for trading Bitcoin by selling another crypto coin in your wallet is 0.50%. 


03. OKEX: The Lowest Trading Fees For Buying Bitcoin In The UAE

OKEx is a popular cryptocurrency exchange with an impressive trading volume. It is a top choice for buying and selling cryptocurrency in the UAE with low costs. 

OKEx has a competitive fee structure, and its commissions start at 0.10% per slide. This exchange has an excellent reputation because of its safety measures. 


04. Binance: Offers Asset Diversity And Premium Platforms For Traders At All Levels

Binance is a leading cryptocurrency exchange with the best platforms and services for Bitcoin day trading. It offers access to hundreds of digital currencies, including Bitcoin. 

Binance has low commission fees of 0.1%. It provides access to advanced charting and analysis tools. Binance is a good fit for professionals, as its learning tools are limited. It has many premium services, including crypto staking. 


Related: Best cryptocurrency exchange UAE, Best Bitcoin Trading Platform

How To Buy Ethereum In UAE And Dubai

Buying Ethereum in UAE is legal, safe and simple, but you need to choose the right broker or cryptocurrency exchange. The most common way to buy Ethereum is to find an exchange, set up a trading account, deposit funds, buy Ethereum and store it in a e-wallet.

Step 1: Choose A Trading Platform or Exchange

Find a trustworthy exchange that matches your level of experience. The most common exchanges to buy Ethereum are eToro, Coinbase, Bitstamp, Binance, and Kraken.

The main criteria to consider is the type of exchange available. A reliable cryptocurrency trading platform offers either a fiat exchange or a cryptocurrency-to-cryptocurrency (C2C) exchange. Fiat exchanges are a top choice for trading Ethereum. Beginner crypto investors choose platforms with fiat exchanges. Experienced investors with a versatile digital portfolio choose C2C exchanges.

Step 2: Set Up An Account

After you decide on a exchance, the next step is to set up an trading account. It is a straightforward process, and you’ll need to submit your name, address, social security number, and a type of identification.

Each crypto trading account requires verification. These requirements mean you’ll have to upload a document to verify your identity. This step takes between one hour and two days, depending on the exchange.

Step 3: Fund Your Account

When your account passes the KYC verification process, you are allowed to deposit currency into your account. The advantage of cryptocurrency exchange platforms is that they don’t have a high minimum investment. Most exchanges have fees per trade.

Step 4: Buy Ethereum

The next step is to start trading Ethereum. After you fund your account, you’ll be able to begin buying Ethereum and other digital coins available on your exchange. Each exchange has a personalized interface suitable for either beginner or experienced traders. Check our in-depth reviews to read more about the best cryptocurrency exchanges with user-friendly interfaces.

Step 5: Withdraw Ethereum Into A Wallet

Buying Ethereum through an exchange lets you withdraw that currency into your bank account or digital wallet. Withdrawing is a straightforward process with different processing timeframes depending on the exchange you choose.

How To Buy Ethereum Using eToro Exchange

One of the top choices for buying Ethereum is eToro. Here is a step-by-step guide using eToro to buy Ethereum in the UAE.

How to buy Ethereum in UAE

Step 1: Create A Brokerage Account With eToro 

The first thing you need to do is open an account with eToro. On its official website, you’ll find the sign-up form requesting: 

  • Your full name 
  • Residential address 
  • Source of Funds 
  • Date of Birth 
  • Contact Information 
Buy Ethereum in UAE with eToro

Once you’ve submitted that information, the next step is to verify your brokerage account. 

Step 2: Verify Your Brokerage Account 

eToro allows investors to trade no more than $2,000 before verifying their accounts. You’ll have to submit an image of your ID and proof of residence. eToro follows strict U.S. regulations, so verifying your account is mandatory. 

Step 3: Fund Your Account 

eToro offers access to many funding options. Choose the funding options that meet your needs. After you fund your account, the next step is to buy Ethereum. 

Step 4: Buy Ethereum 

When the funds appear in your wallet, eToro will allow you to complete your first Ethereum purchase. Ethereum has the ticker symbol ETH and selecting it will begin to set up your trade. Choose the amount of ETH you’d like to purchase and click “Submit.” Your transaction will complete in a matter of minutes. 

Trade Ethereum with eToro

Related: How to buy Bitcoin in UAE, How to buy cryptocurrency in UAE

How To Sell Ethereum? 

Selling Ethereum is a simple process. Go to your crypto wallet and select the amount you want to sell. Keep in mind that cryptocurrency profits are taxable as capital gains. That means you should speak with a tax professional before you sell a substantial amount of crypto assets. 

Should I Buy Ethereum? 

Ethereum is a popular coin with investors at all levels of experience. Before purchasing a volatile investment like Ethereum, you should learn more about cryptocurrency investments. Our in-depth reviews offer insights on cryptocurrency and the best strategies available. 
Related: Best Cryptocurrency to invest


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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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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.

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