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You'll need a Bitcoin wallet before you buy since some exchanges require one.
Don't have a wallet? Read our guide on the best Bitcoin & cryptocurrency wallets.
- Popular Exchanges to Buy Bitcoin in Dubai
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eToro- Supports Bitcoin, Ethereum & 15 other coins
- Start trading fast; high limits
- Your capital is at risk.
We do not promote, endorse, or earn commissions from the trading of securities of any kind, including CFDs, however, eToro requires that we provide you with the following disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% 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.
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Rain- Exchange for Saudi Arabi, Oman, Kuwait, Bahrin, UAE
- Rain is based in Middle East
- High buying limits
Coinmama Popular Buy Bitcoin Read Review
Coinmama allows customers in almost every country to buy bitcoin. They charge a 4.9%-5.9% (depends on volume) fee on each purchase.
Customers in Europe can also purchase bitcoins with SEPA transfer for a lower fee.
Want to buy using Coinmama? This step-by-step guide will show you how to use Coinmama.
We may receive compensation when you use Coinmama. Please visit Coinmama for its exact pricing terms.
- Works in almost all countries
- Highest limits for buying bitcoins with a credit card
- Reliable and trusted broker
- Some of the highest fees among credit/debit card bitcoin brokers
eToro Popular Buy Bitcoin Read Review
eToro is a trading platform and crypto exchange. It supports Bitcoin, Ethereum, Litecoin, Zcash and many other coins.
Deposits can be made quickly via bank transfer, SEPA, NETELLER, PayPal and more. It also offers unique features like copy trading.
Your capital is at risk. We do not promote, endorse, or earn commissions from the trading of securities of any kind, including CFDs, however, eToro requires that we provide you with the following disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% 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.
We may receive compensation when you use eToro. Please visit eToro for its exact pricing terms.
- Offers unique copy trading feature
- Trusted echange that has been active in traditional finance
- Interface is clean and easy to use
- You cannot deposit cryptocurrency, but you can deposit with other payment methods
Rain Popular Buy Bitcoin
Rain is a crypto exchange focused on serving UAE, Saudi Arabia, Bahrain, Oman and Kuwait. They offer 24/7 support and meet all CCSS requirements as a crypto custodian and is licensed by the Central Bank of Bahrain as a Crypto Asset Brokerage.
This is an ad. We may receive compensation when you use Rain. Please visit Rain for its exact pricing terms.
- Middle East Exchange based in Bahrain
- Low fees
- 24/7 customer support
- Licensed by Central Bank of Bahrain
- Brokerage only - order book coming soon
Kraken Buy Bitcoin Read Review
Founded mid-2011, Kraken is the one of the world's largest cryptocurrency exchanges, and the largest in Europe based on daily average trading volume. It is available in almost all countries. Deposits can be made via bank wire, SEPA, ACH and SWIFT.
- Very low 0.25% taker fee, falling to 0.1% with sufficient trading volume
- Very low maker fee, falling to 0% with sufficient trading volume
- Highly-rated for security and data protection
- Requires ID verification, so not private
LocalBitcoins Popular Buy Bitcoin Read Review
LocalBitcoins is an escrow service which also helps to match bitcoin buyers and sellers. Users may advertise trades for whichever payment method they prefer.
Buying bitcoins via an in-person meeting, secured and facilitated by LocalBitcoins, may be one of the fastest and most private ways to buy bitcoins in any country, including the United States, Europe (besides Germany), UK, Singapore, Canada, Australia and many more.
We may receive compensation when you use LocalBitcoins. Please visit LocalBitcoins for its exact pricing terms.
- Can be private, fast and easy
- In-person trades require no personal information
- Purchases of bitcoin can be made quickly via cash deposit
- Beware of scams; always follow the rules!
- Harder to buy large amounts of bitcoins compared to large exchanges
- Slightly to significantly higher prices than regular exchanges; premium for higher privacy
BitOasis Popular Buy Bitcoin
BitOasis is a Bitcoin platform serving the Middle East. Customers can buy bitcoin via bank transfer or cash deposit in the United Arab Emirates, Saudi Arabia, Oman, Qatar, Kuwait, and Bahrain. UAE clients may also deposit funds via exchange houses.
- One of the best way to buy bitcoins in the countries it services
- Multi-sig security measures
- Low 0.5% flat fee on all orders
- Verification not required for amounts below $500 per week
- Above $500 per week limit, not private since identity verification is required
Bitcoin ATMs Buy Bitcoin
You can use our Bitcoin ATM map to buy bitcoins with cash. Bitcoin ATMs can be a quick and easy way to buy bitcoins and they're also private. That convenience and privacy, however, comes with a price; most ATMs have fees of 5-10%.
- Our map makes it super easy to find a Bitcoin ATM near you
- Bitcoin ATMs often have 5-10% fees per purchase
Mycelium Local Trader Buy Bitcoin
Mycelium Local Trader helps you find local Bitcoin sellers. Once you locate a seller, you meet up in-person and conduct the trade. Mycelium charges absolutely no fees. While Mycelium Local Trader works great in highly-populated areas, users in low population areas will have trouble finding sellers.
- Easy and cheap way to buy bitcoins with cash
- Private way to buy bitcoins, no personal information required beyond cellphone number
- Users in sparsely populated areas will have trouble finding sellers
How to Buy Bitcoin in Dubai
Although the UAE government has warned against investing in Bitcoin, many in Dubai are investing regardless.
Dubai does not consider Bitcoin legal tender, but there aren't restrictions on buying or selling either. Based on LocalBitcoins volume and Google Trends data, Bitcoin looks alive and well in Dubai.
If you want to buy Bitcoin, you need a way to store your investment. Storing your coins on an exchange wallet is risky because centralized exchanges are subject to hackers and theft.
Using a cold storage hardware wallet like the Ledger Nano S or the Trezor is the best way to keep your investment safe.
Next, choose an exchange above that best suits your needs in terms of limits, fees, and privacy. From there, all you have to do is verify your identity, connect your payment method, and buy Bitcoin.
You can deposit your Bitcoin from the exchange to your hardware wallet. There was only one Bitcoin ATM installed in Dubai back in March of 2019, but the authorities removed it just a few days later for non-compliance.
At the time of writing, there aren't any Bitcoin ATMs available for use in Dubai.
Bitcoin Adoption in Dubai
Despite retracing significantly since Bitcoin's major run in late 2017, Bitcoin volume in Dubai on LocalBitcoins seems to be steady.
Dubai is an important economic center of the United Arab Emirates, not to mention its largest city and the focal point of advanced technologies.
Cryptocurrency has been met with friendly legislation when compared to the rest of the UAE. The less developed countries in the surrounding area buy their Bitcoin in Dubai due to hyperinflation in their home countries.
Bitcoin Mining in Dubai
If you want to acquire Bitcoin as quickly and efficiently as possible, buying it directly from an exchange or peer is your best option.
More tech-savvy individuals may opt to mine their Bitcoin instead, but mining requires expensive hardware, lots of electricity, and a ton of time.
Large operations in countries with cheap electricity are responsible for the majority of Bitcoin mining. These operations can turn a profit at scale, under the right conditions.
But unfortunately, Bitcoin mining is not profitable for the average Joe, thanks to the price of electricity and the increasing Bitcoin block difficulty.
However, electricity costs in the UAE aren't high by any stretch of the imagination. Coming in at 0.296 Dirham per kWh ($0.08), the UAE has cheaper electricity than the United States, Canada, and many European nations.
Still, electricity in the UAE is pricier than China, home to many of the largest mining farms. If you're expecting to turn a profit, think again. Mining should only be for fun/as a hobby, not as a fast track to riches. At least, this the case for the casual investor.
