Buy Bitcoin & Crypto in United Arab Emirates

We may receive advertising compensation when you click certain products. Before jumping into this page, an important disclosure.

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 & Crypto in United Arab Emirates
  • Rain
    • Exchange for Saudi Arabi, Oman, Kuwait, Bahrin, UAE
    • Rain is based in Middle East
    • High buying limits
  • eToro
    • Supports Bitcoin, Ethereum & 15 other coins
    • Start trading fast; high limits
    • Your capital is at risk.

    This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

RainRain 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.

Pros
  • Middle East Exchange based in Bahrain
  • Low fees
  • 24/7 customer support
  • Licensed by Central Bank of Bahrain
Cons
  • Brokerage only - order book coming soon
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Ease of Use
Easy
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Privacy
Low
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Average
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Low
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Trusted
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High
Buy Bitcoin

eToroeToro 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.

This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

We may receive compensation when you use eToro. Please visit eToro for its exact pricing terms.

Pros
  • Offers unique copy trading feature
  • Trusted echange that has been active in traditional finance
  • Interface is clean and easy to use
Cons
  • You cannot deposit cryptocurrency, but you can deposit with other payment methods
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Ease of Use
Easy
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Privacy
Low
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Speed
Average
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Fees
Low
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Reputation
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High
Buy Bitcoin Read Review

CoinmamaCoinmama 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.

Pros
  • Works in almost all countries
  • Highest limits for buying bitcoins with a credit card
  • Reliable and trusted broker
Cons
  • Some of the highest fees among credit/debit card bitcoin brokers
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Ease of Use
Easy
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Privacy
Low
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Speed
Fast
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Fees
Average
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Reputation
Trusted
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Limits
High
Buy Bitcoin Read Review

KrakenKraken 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.

Pros
  • 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
Cons
  • Requires ID verification, so not private
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Ease of Use
Hard
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Privacy
Low
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Speed
Average
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Fees
Low
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Reputation
Trusted
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Limits
High
Buy Bitcoin Read Review

LocalBitcoinsLocalBitcoins 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.

Pros
  • Can be private, fast and easy
  • In-person trades require no personal information
  • Purchases of bitcoin can be made quickly via cash deposit
Cons
  • 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
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Ease of Use
Hard
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Privacy
High
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Speed
Fast
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Fees
Low
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Reputation
Trusted
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Limits
Average
Buy Bitcoin Read Review

BitOasisBitOasis 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.

Pros
  • 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
Cons
  • Above $500 per week limit, not private since identity verification is required
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Ease of Use
Hard
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Privacy
Low
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Speed
Average
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Fees
Low
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Reputation
Trusted
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Limits
High
Buy Bitcoin

Bitcoin ATMsBitcoin 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%.

Pros
  • Our map makes it super easy to find a Bitcoin ATM near you
Cons
  • Bitcoin ATMs often have 5-10% fees per purchase
Buy Bitcoin

Mycelium Local TraderMycelium 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.

Pros
  • Easy and cheap way to buy bitcoins with cash
  • Private way to buy bitcoins, no personal information required beyond cellphone number
Cons
  • Users in sparsely populated areas will have trouble finding sellers
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Ease of Use
Average
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Privacy
High
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Speed
Fast
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Fees
Low
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Reputation
Trusted
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Limits
High
Buy Bitcoin

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Bitcoin & Cryptocurrency Trading in the UAE


The United Arab Emirates doesn't recognize Bitcoin as a legal form of tender, but it's not banned either. While the UAE warns against it, buying and selling Bitcoin is pretty easy there.


A view of Dubai

If you want to buy Bitcoin from an exchange local to the United Arab Emirates, BitOasis is one of the largest exchanges in the Middle East. Based in Dubai, BitOasis supports many of the largest cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.

They're one of the best exchanges to choose if you live in a country they service, thanks to their low fees.

But before you buy Bitcoin or any other cryptocurrency for that matter, it's crucial to have a secure form of storage. Investing in Bitcoin is no joke, nor is securing your investment.

If you live in the United Arab Emirates, go with a trusted hardware wallet like the Ledger Nano S or the Trezor. Cold storage hardware wallets are the best way to protect your coins.


COMPARISON

ledger nano x folded

Ledger Nano X

  • SCREEN:
  • RELEASED: 2019
  • PRICE: $119
ledger nano s illustration

Ledger Nano S

  • SCREEN:
  • RELEASED: 2016
  • PRICE: $59
trezor model T

TREZOR T

  • SCREEN:
  • RELEASED: 2018
  • PRICE: $159
Trezor One

TREZOR One

  • SCREEN:
  • RELEASED: 2013
  • PRICE: $59

Many Bitcoin exchanges offer built-in wallets, but they're centralized and as a consequence, vulnerable to theft.

Once you have your wallet situation squared away, you're good to go. Choose your exchange, verify your identity, add your payment method, and buy Bitcoin.

Again, the easiest ways to buy Bitcoin in the UAE is through the cryptocurrency exchanges outlined above. Just select one based on your requirements and preferences using our guide. Different exchanges have different transaction fees, withdrawal limits, payment modes, and verification processes that need to be kept in mind before users select one.

Another way to buy Bitcoins in the UAE is through Bitcoin teller machines (ATMs). These ATMs allow users to instantly purchase the cryptocurrency using cash, and most of them only require a telephone number for verification, so long as you aren’t buying a lot of Bitcoin. This makes them more private than exchanges. You can locate Bitcoin ATMs in the UAE using our Bitcoin ATM Map.

Unfortunately, there is only one Bitcoin ATM in all of the UAE and its in Dubai at the 5 star Rixos Premium Hotel.



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Top Bitcoin & Cryptocurrency Exchanges in the UAE


the UAE has access to many large Bitcoin and cryptocurrency exchanges.

Have a look at our favorites below:

  • Popular Exchanges to Buy Bitcoin & Crypto in United Arab Emirates
  • Rain
    • Exchange for Saudi Arabi, Oman, Kuwait, Bahrin, UAE
    • Rain is based in Middle East
    • High buying limits
  • eToro
    • Supports Bitcoin, Ethereum & 15 other coins
    • Start trading fast; high limits
    • Your capital is at risk.

    This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.


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Best Bitcoin Wallets for the UAE



There are three main types of Bitcoin wallet and all of them are supported in the UAE:

Best for Security

ledger nano x

Ledger Nano X

Secure storage for any cryptocurrency

Visit Website

The Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. It connects to iOS, Android & desktop computers.

Temporary Wallet

atomic wallet logo

Atomic Wallet

Best for storing crypto for short period of time

Learn More

Atomic wallet is a multicurrency mobile wallet with a beautiful interface and easy to use features.

Best for Desktop

electrum logo

Electrum

Simple yet powerful desktop wallet

Learn More

Electrum is a Bitcoin-only wallet that has been around since 2011. It's easy to use, but has advanced features.


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Exchange Hacks and Crypto Scams in UAE


UAE-based exchanges have so far avoided any major hacks, though there have been a number of Bitcoin-related scams targeting Emirati crypto enthusiasts.

Bar Works

One longtime fraudster - 50 year old Renwick Haddow of the UK - scammed 150 UAE residents and many hundreds more around the world with his company Bar Works. The company offered investors the chance to purchase a desk at one of their locations - former bars and restaurants converted to office spaces - for $25,000. The desk could then be leased back to Bar Works for a promised annual return of 14%.



Bar Works' first location opened in October 2015 at 47 West 39th Street, New York City, looking very much like... a bar.



But rest assured, the company hired unnamed auditors who described Bar Works' business model as "bomb-proof."



Not bomb-proof enough, however, to collapse in the end, as Ponzis tend to do. In April 2017, the company announced that it was experiencing "difficulties with its banking facilities," and the following month investors were told that their monthly payments would be delayed due to "constructive restructuring."

Bar Works' CEO Renwick Haddow - whom the company claimed was just an advisor - was arrested after attempting to enter Morocco with an active Interpol warrant out in his name. He was then extradited to the U.S., where he faces multiple 20 year sentences.

Aziz Com Mirza



Closer to home, a Pakistani-born Canadian man was arrested in October 2019 in Dubai after perpetrating a number of scams such as the International Success Group (ISG) as well as a cryptocurrency called Habibi Coin. Police were alerted after a UAE resident reported losing $150,000 in one of Com Mirza's business endeavors.

Gulf News had previously published a profile of the flashy Aziz Com Mirza - who lived in the half-mile high Burj Khalifa and drives supercars - accusing him of conducting a string of dodgy pyramid schemes and failed real estate projects.

Habibi Coin was marketed as a "Sharia-compliant" cryptocurrency and "the Bitcoin of the Middle East." Hundreds of investors from the Middle East, US, and UK each invested tens of thousands of dollars of their own money into the coin, which is worthless after failing to deliver on any of its promises.


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Bitcoin Mining in UAE


Mining Bitcoin in the United Arab Emirates is not the best idea if you want to acquire Bitcoin - this is especially the case if you're expecting to turn a profit, which is next to impossible.

Bitcoin mining has come a long way from its golden age when nearly anyone could mine profitably. Now, only large mining farms in companies with cheap electricity are left.

The United Arab Emirates isn't incredibly high on the charts in terms of energy costs, but their certainly not low, either.

On average, UAE citizens pay roughly 0.296 Dirham per kWh ($0.08), which is lower than the prices in the United States and Canada.

But countries like China, India, and even Georgia have an edge, where electricity costs are $0.05 or less per kWh.

Even in countries with electricity and the best Bitcoin mining hardware, it's challenging to turn a profit. You'd be lucky to make your money back after the startup cost if you make a profit at all.

If you don't believe me, you can check your project profitability with our Bitcoin mining profitability calculator tool by clicking that link. If you were to use an Antminer S19, you would still lose nearyl $2,000 a year.


This calculation assumes you are using a brand new Antminer S19, one of the most efficient ASICs around in 2020

Bitcoin's block difficulty is continuously increasing, and with the current price of Bitcoin, it doesn't look like Bitcoin mining is profitable for the average person. Although, the Bitcoin halving might change that soon.

Either way, if you're a resident of the United Arab Emirates and you want Bitcoin, leave mining to the pros. Instead, choose one of the exchanges above, and buy it directly from there.


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FAQ


Does Coinbase work in UAE?

Coinbase is not available in the United Arab Emirates.

See above for a list of great exchanges that are open to citizens and residents of the UAE.

Where Can I Find a Bitcoin ATM in the UAE?

Bitcoin ATMs are a convenient way to buy and sell Bitcoin and other cryptocurrencies for cold hard cash. This method usually incurs relatively high (5-10%) fees, but that's the price to be paid for the convenience of getting cash for your Bitcoin in less than half an hour.

Many ATM operators publish live prices for their machines, so you can see the exact rate you'll get before even visiting the ATM.

Some will require you to complete identity verification, though for many this is as simple as confirming a phone number.

Our Bitcoin ATM locator lists just one Bitcoin ATM in the United Arab Emirates, located in the Rixos Premium Hotel in Dubai.



What Is the Price of Bitcoin in the UAE?

The best way to check the price of Bitcoin in the UAE is to go the your exchange of choice and check the price in your local currency that Bitcoin last sold for. The price of an asset is just this - the value of the compensation for which it was most recently exchanged. This price differs across markets, i.e. one exchange may have a slightly lower or higher price depending on varying barriers to entry and liquidity. So, the price that matters most is the one you can actually trade at.

See above for a list of the best Bitcoin exchanges in the UAE.

There are also a range of websites such as CoinMarketCap and Nomics that list the prices of hundreds of digital assets, drawn from a range of exchanges and averaged out.


bitcoin price ticker
Most sites display the Bitcoin price in the form of a historical graph like the one above

Can I Buy Property With Bitcoin in the UAE?

Buying property with Bitcoin in the United Arab Emirates is definitely possible, though not the always the simplest way to go about investing in real estate.

In late 2019, real estate developer Ellington Properties announced that it would accept payment in Bitcoin for all of their listed porperties.

As a tech-driven and customer-focused company, we move with the market trends to meet the customer aspirations, especially in this era of digital financial engagement. Cryptocurrency is becoming an increasingly popular payment method. Enhancing the customer experience through an added payment choice, Bitcoin Suisse will serve as our preferred crypto brokerage provider that will further add to our international property transactions – and in turn, bring more value to Dubai’s economy.

Paula WehbehPaula WehbehHead of Business Strategy, Ellington Properties

Another Dubai-based developer - Knox Group - has sold out of the 400 units it offered to the market with the option of paying with Bitcoin (via the U.S. company BitPay).

Knox Group's Aston Plaza residences.


But while purchasing property with Bitcoin through certain real estate firms may be as straightforward as possible, there are still restrictions to keep in mind.

The UAE still prohibits the use of cryptocurrencies as a method of payment or deposit. This means that you can't exactly buy a house with Bitcoin, you must work with a third-party broker who will convert it to fiat currency before sending it to the seller.

It's not quite yet the decentralized future many have imagined, but it's a step in the right direction.

Can I Get a Bitcoin Debit Card in the UAE?

Bitcoin debit cards are a great way to turn your crypto gains into holidays, gifts, or just groceries. Bitcoin debit cards allow you to spend a range of cryptocurrencies (always Bitcoin, often Ethereum, and sometimes other altcoins) wherever Visa or MasterCard is accepted. You either pre-load a certain amount of Bitcoin onto the card and convert it to fiat currency manually, or this is done at the time of purchase.

Unfortunately, there are not many Bitcoin debit cards available to UAE residents.

Available in the United Arab Emirates?
Bitpay No
Cryptopay No
MCO No
Revolut No
Uquid Available to existing Uquid customers in the UAE
Wirex Account available, but not the debit card

Uquid offers virtual and physical debit cards, both of which can be topped up with Bitcoin and linked to PayPal and other online payment services. Physical cards can be used for ATM withdrawals, while POS transactions are fee-free. Both are valid for three years.

No identity verification is required if you stay under $1000/£1000/€1000 limit over the lifetime of the card. Beyond that, you'll need to provide identity verification and proof of address.

How Do I Cash Out Bitcoin in the UAE?

The easiest way to cash out of Bitcoin in the UAE is to use an exchange that supports withdrawals of your preferred fiat currency. BitOasis allows users located in the United Arab Emirates, Saudi Arabia, Kuwait, and Bahrain to withdraw AED to the bank account reigstered with the exchange.

The abovementioned Bitcoin debit cards allow you to withdraw cash from any ATM. If you're able to get your hands on a Uquid debit card, this may be the easiest way to convert your Bitcoin into cash.

Bitcoin ATMs are another way to exchange your BTC for fiat currency. There is one Bitcoin ATM in the United Arab Emirates, located in Dubai.

Local Bitcoins and other P2P exchanges are another option.


localbitcoins offers

Here, you can buy and sell Bitcoin for a wide range of payment methods, from gift cards to bank transfers. Local Bitcoins is a peer-to-peer (P2P) exchange, where you buy and sell with another individual. This does introduce a degree of risk, though by ensuring that you conduct all business on the platform, make use of its escrow services, and only trade with users who have a good reputation, you'll minimize any potential problems.

As selling Bitcoin for fiat currency is generally considered a taxable event, you'll want to make sure you comply with local regulations regarding taxation of capital gains. Check out our guide to the best cryptocurrency tax software to help you maximize your profits.