Home Best crypto exchange Best UAE Cryptocurrency Exchange 2021| Award Winning Crypto Exchange Dubai

Best UAE Cryptocurrency Exchange 2021| Award Winning Crypto Exchange Dubai

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The best UAE cryptocurrency exchange are eToro, Coinbase, Cash App, Binance, Kraken, CEX IO, and Bittrex. eToro is the best UAE crypto exchange because of the straightforward process of buying and selling cryptocurrencies. Cash App is a top choice for beginners, as it offers a user-friendly interface and transparent fee structure.  

Each cryptocurrency exchange has strengths and weaknesses. This article discusses the best crypto exchanges in the UAE. 

Best UAE Crypto Exchange and Apps

  • eToro – best overall exchange for crypto trading
  • Coinbase – great trading platform and fees
  • Cash App – best exchange for beginner investors
  • Binance – offers the most cryptocurrencies
  • Kraken – best exchange for experienced investors 
  • CEX IO – best choice for UAE traders at all levels
  • Bittrex – best account security for UAE residents
RANKBROKERGENERALBEST FORFEESWEBSITE
#1eToroBest Overall OfferBest overall crypto exchange0.75% spreadOfficial website
#2CoinbaseBest fees and trading toolsGreat trading platform and fees0.50% spread for buy/sell and up to 0.50% for Coinbase ProOfficial website
#3Cash AppBest for beginnersBest Exchange For Beginners1.5% to 2.3%Official website
#4BinanceBest for altcoinsBest Altcoin Portfolio0.1% spot trading fee; 0.5% instant buy/sell feeOfficial website
#5KrakenBest for experienced investorsBest Cryptocurrency Exchange For Professionals0% – 0.26%Official website
#6CEX IOBest choice for UAE tradersBest Exchange for UAE users0.10-0.25% maker fees; 0-0.16% taker transaction fee (2.99% deposit)Official website
#7BittrexBest transaction feesBest Transactions fees0-0.35% maker/taker feesOfficial website

Best Crypto Exchange UAE and Dubai In Overview:

01. eToro: Best Crypto Trading App UAE 

etoro-exchange-login

eToro has the best crypto trading app UAE additional to offering brokerage and exchange services at the same time. It is a safe online broker regulated by top-tier financial regulators with a great cryptocurrency portfolio. eToro is best known for commission-free trades, features-rich trading platform, and advanced social copy trading features. This lets users copy trades and whole portfolios from the best traders.

Related:
How to Buy Bitcoin in UAE, Best Bitcoin Trading Platform


02. Coinbase: Great Overall Offer For UAE Residents 

coinbase-cryptocurrency-exchange

Coinbase is a popular cryptocurrency exchange in the UAE. It has a versatile portfolio with access to a transparent fee policy. It offers Coinbase Pro for professionals with access to a lower fee structure and many charts and indicators. 

Coinbase provides access to a beginner-friendly exchange. It has custodial wallets to help traders secure their investments. Coinbase Pro is a free version of the exchange with a cheaper fee structure for more experienced traders. 


03. Cash App: Best App to Buy Cryptocurrencies in UAE for Beginners 

cash-app-exchange

Cash App has an excellent platform for new traders. It provides access to the flexible solution to withdraw funds to main crypto wallets. Cash App remains a peer-to-peer money transfer system and functions similar to a bank account. 

Cash App offers access to many assets, including stocks, ETFs, and Bitcoin. Its beginner-friendly mobile app recommends it as the best cryptocurrency exchange for beginner UAE investors. 


04. Binance: Best Portfolio With Many Digital Coins 

Binance-crypto-exchange

Binance is one of the most popular cryptocurrency exchanges on the globe. It offers access to many currencies, besides the most popular coins. Binance has over 100 different trading pairs, including fiat-crypto pairs. 

We recommend Binance to traders who want to invest in less popular altcoins. It has more than 50 distinct cryptocurrencies. Binance offers access to both professional and beginner-friendly tools. It is an excellent choice for UAE traders at all levels.


05. Kraken: Best Cryptocurrency Exchange For Professionals 

kraken-exchange-logo

Kraken is a well-established cryptocurrency exchange with industry-leading technology. It is a top choice for professional UAE traders, as it offers margin and futures trading. Kraken provides access to many coins, including Ethereum, Bitcoin, Litecoin, and Ripple. 

This exchange has proprietary futures trading platforms. It has a versatile portfolio with a transparent fee structure. Professionals receive rewards and many educational resources.  


06. CEX IO: Best Cryptocurrency Exchange For UAE traders At All Levels 

cex-io-exchange-logo

CEX IO is a global crypto exchange available in more than 99% of countries worldwide. It offers access to more than 80 crypto assets, including Bitcoin.  

This exchange is a top choice for traders at all levels, as it has both beginner-friendly and professional features. Advanced traders have access to spot trading features and margin trading accounts. All traders receive staking rewards and access to a reliable mobile app. 


07. Bittrex: Best Account Security For UAE Residents 

bittrex-logo

Bittrex offers the best account security technology for UAE residents. It has two-factor authentication and a multi-stage wallet approach. This feature ensures all funds are secure in cold storage. Bittrex has the best transaction fees. 

This exchange offers many useful features. It has Instant Buy & Sell to exchange Bitcoin and other assets with one click. Bittrex is available on iOS and Android devices. 


How Did We Select The Best Crypto Exchange In UAE and Dubai?

At Business24, we focus on helping smart investors make the best decisions with their money. We understand that the word “best” is subjective, which is why we ensure we share both strengths and weaknesses of cryptocurrency exchanges. We use 105 criteria to review exchanges and cryptocurrencies to help you make an informed decision.

We review cryptocurrency exchanges with real accounts and money. The main criteria for selection include safety, payment methods, available markets, fee structure, ease of use, and customer support.

Costs: A transparent fee structure contributes to a great trading experience. Some crypto platforms have simple fee structures, others do not. Read our in-depth reviews for details on fee structures for each crypto exchange.

Account: Each crypto exchange has different account types. Some cryptocurrency exchanges request a minimum deposit fee. Others won’t request a minimum deposit for opening new accounts. Check what account options an exchange offers in our in-depth reviews.  

Withdrawal and deposit: Withdrawing and depositing funds needs to be a straightforward process. Depositing funds takes longer with some exchanges than with others. Learn about the policies at each cryptocurrency exchange in our reviews. 

Market and products: Each exchange has its own market and digital coin coverage. Read about markets and cryptocurrencies available in the UAE in our in-depth reviews. 

Trading platforms: A user-friendly platform contributes to a good trading experience. Select an exchange with a simple-to-understand platform. The exchanges in our review have reliable platforms which might be challenging for inexperienced traders. Verify our in-depth reviews to discover which platform is best for you.

Customer support: Customer support is fundamental to your cryptocurrency success. The best cryptocurrency exchanges offer live chat, email, and phone support. 

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. Read about trading risks for UAE citizens in our in-depth reviews.

What Is A Crypto Exchange?

A cryptocurrency exchange is an online marketplace for buying, selling, and trading cryptocurrency. It works like an online brokerage firm. A crypto exchange lets users deposit fiat currencies and use those funds to buy cryptocurrency. Exchanges can let users earn interest on cryptocurrency held within the exchange account.

How To Choose An Exchange?

We recommend choosing a cryptocurrency exchange based on the following criteria: security, fees, available assets, support, trading platform, UX and customer support.

Cryptocurrency exchanges come in centralized and decentralized formats. A centralized exchange follows financial regulations from governmental authorities. A decentralized exchange has no regulation, no central organizing body, and exists on distributed nodes owned by users. It offers access to transparent transactions and reliable direct peer-to-peer exchanges.

How To Buy Crypto in UAE Using Debit/Credit Cards and PayPal 

Debit Cards 

The most convenient and secure method for buying cryptocurrency is using a debit card. All brokerage firms reviewed in this article accept Visa and MasterCard. Each broker follows a transparent fee structure, but eToro has the most competitive offers. It allows traders to buy cryptocurrency with a debit card at a 0.5% fee. 

Credit Cards 

Another way to buy cryptocurrency in the UAE is by credit card. It is safe and convenient for beginner traders. However, the card issuers charge an advance fee on cryptocurrency purchases of up to 5%. 

PayPal 

PayPal is a top choice for buying cryptocurrency in the UAE. The best brokerage firm to use PayPal funding with is eToro. It provides an excellent fee structure and instant transfers at a 0.5% fee. 

Crypto-to-Crypto 

Another approach for investing in cryptocurrency is with tokens. These tokens let you buy digital assets in the UAE. For example, if you have Bitcoin but want to buy Ethereum, this exchange is possible in a couple of minutes. You have to deposit the funds into a cryptocurrency exchange. 

How Much Does It Cost To Buy Cryptocurrency Using a Crypto Exchange

The exchange you opt for sets the commission fees for cryptocurrency trading. Each exchange has different fees and commissions. There are two types of fees:

Deposit Fees 

A standard fee for trading cryptocurrency is the deposit fee. Usually, online brokers charge up to 5% for debit or credit card deposits. eToro has an excellent fee structure with low commissions for Visa and MasterCard. 

Trading Fees 

Exchanges have extra trading fees for purchasing cryptocurrency in the UAE. Coinbase charges a standard trading fee of 1.49%, while eToro has a 0.75% spread to buy Bitcoin. 

BROKERDeposit Fees Trading fee
eToroFree0.75% spread
Coinbase– SEPA (EUR): €0.15 EUR
– ACH: Free
– Wire (USD): $10 USD
– 0.50% per trade,
– 3.99% for credit card purchases,
– 1.49% for wallet or bank account purchases
Cash App– Standard deposits are free
– Instant Deposits are subject to a 1.5% fee
1.5% to 2.3%
BinanceFree when depositing crypto – 0.1% fee for trading on the platform
– 0.5% fee for Instant Buy/Sell
Kraken– Debit/credit cards 3.75% + €0.25
– ACH transfer 1.7% + $0.10,
– Wire transfer Free to $10 deposit
0% – 0.26%
CEX IOFree0.10-0.25% maker fee
0-0.16% taker fee (2.99% deposit)
BittrexFree0-0.35% maker/taker fees

How To Sell Cryptocurrency Through a Exchange? 

The selling process for cryptocurrency in the UAE is fast and user-friendly. To sell cryptocurrency using eToro, you’ll access your portfolio and click on the Sell button. 

The best strategy to make money from cryptocurrency investments is with capital gains. Capital gains investing is similar to day trading where you sell your crypto tokens for a higher price than you initially paid. Read our in-depth reviews to discover more about buying and selling cryptocurrencies in the UAE. 

How to Start Trading With eToro Exchange?

eToro is the most popular crypto exchange in UAE because of zero hidden fees, copy trading tools, demo account and a beginner friendly platform. These are the steps to buy cryptocurrency with eToro.

STEP 1: Open up the eToro Official Website

Find the link to the eToro crypto section under this link here: https://www.etoro.com/crypto/

STEP 2: Click on the “Get Started” Button

UAE-crypto-exchange-preview

STEP 3: Verify Your Trading Account

To buy cryptocurrency using eToro you need to open a trading accountverify your account and make a deposit. This will enable you to buy, hold and sell cryptocurrencies using through this exchange.

eToro-exchange-account-opening

STEP 4: Buy Cryptocurrency

You can buy, hold and sell fractions of each cryptocurrency. To own a crypto coin you don’t need to buy the whole coin.

buy-cryptocurrency-with-etoro-exchange

FAQ

We review the best UAE and Dubai cryptocurrency exchanges across 105 data points. We use real accounts and transactions for an accurate assessment. Read about our system in our Methodology section.

What Is A Centralized Cryptocurrency Exchange? 

A centralized exchange is a private company that offers platforms to trade cryptocurrencies. These exchanges will request registration and identification, known as the Know Your Client rule. Some of the most popular centralized exchanges are Coinbase, Binance, and Kraken.

What Is A Decentralized Cryptocurrency Exchange?

 A decentralized exchange does not have a central point of control. It resembles a server, but it has each computer within the server spread out across the world. If one computer malfunctions, it does not affect the network. However, decentralized exchanges aren’t obliged to follow any rules of any regulatory body. If you opt for a decentralized exchange, you should consider the risks associated with it. Read our in-depth reviews to learn more about cryptocurrency exchanges and safety.

How To Buy Cryptocurrency Through an Exchange?

Centralized exchanges let users deposit government-backed currencies (fiat money) from a bank account or credit/debit card. These centralized exchanges then provide tools for swapping that currency into the cryptocurrency you choose. The exchange either directly stores the cryptocurrency or transfers it to a wallet you specify.

How To Open A Cryptocurrency Exchange Account?

Cryptocurrency exchanges have you set up an online account and submit proof of identity. This verification process includes checking your identity with a third-party application or submitting a picture of your ID.

Summary 

eToro is the best overall crypto exchange because of their zero commission fees, advanced copy trading tools and a user friendly platform. Coinbase is the second best exchange based on their overall low fees and coins available. Cash App is a good crypto exchange for new investors, as all its services are beginner-friendly. Binance offers access to many digital coins, while Bittrex has the best account security. 

Related: how to buy cryptocurrency in UAE, best cryptocurrency to invest in 2021


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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