Again, for traders, Bitcoin is quite an asset because the price volatility creates the difference in price that traders need to buy/sell an asset. However, it is recommended to invest and trade only the amount one can afford to lose.
Where to buy Bitcoin in UAE?
To begin with, let us first state that cryptocurrency has no legal issues in UAE, whatsoever. In fact, UAE is one of the most receptive nations in terms of adoption for blockchain technology and cryptocurrencies.
Bitbns is the best cryptocurrency exchange to Buy USDT in Dubai. The exchange extended the reach of its services to UAE after dominating the cryptocurrency market in India in terms of trading volume. In 2019, Bitbns was ranked 1st among Indian cryptocurrency exchanges in terms of transparency.
The kind of trading experience a trader can expect on Bitbns is far ahead of its competitors’ due to the exchange’s innovative approach at building new solutions apt for the prevailing market conditions and governance in the region. In the upcoming sections, we will learn how to buy Bitcoin in Dubai and other parts of UAE:
Buying Bitcoin in UAE
In this section, you will learn how to buy Bitcoin in UAE, which starts with signing up on Bitbns by following some easy steps:
Step 1: Signing Up to Buy Bitcoin
The signup process on Bitbns is as easy as it can get. A trader in UAE can simply use the Signup link, fill all the required information and click ‘Register’ to complete the signup process. The signup is followed by a Know Your Customer (KYC) process, which the user can choose to skip for the moment. However, for withdrawals, KYC has to be completed.
Step 2: Depositing AED to Buy Bitcoin
After completing the signup, traders can deposit AED to their Bitbns FIAT wallet and buy Bitcoin with it. At present, UAE traders can deposit AED using USDT P2P method, which allows them to buy USDT with AED, and then with USDT they can purchase the following cryptocurrencies – Bitcoin (BTC), Bitcoin Cash (BCH), BitTorrent Token (BTT), Cardano (ADA), EOS (EOS), Ethereum (ETH), Litecoin (LTC), Neo (NEO), Ripple (XRP), Skycoin (SKY), Stellar (XLM), and Tron (TRX).
Step 3: Buying Bitcoin and other cryptocurrencies in UAE
Once you have USDT in your Bitbns cryptocurrency wallet, you can buy from among the list of available cryptocurrencies. Cryptocurrencies can be purchased using different order types available on Bitbns, some of which are: