IQ Option: Great Place to Buy Bitcoin in UAE as a Beginner
You can buy Bitcoin here with an UAE debit or credit card at a spread fee of 3.6%. You can also transfer money directly from your UAE bank account for free and pay and trading fee of 1.5% to buy Bitcoin. This is way more expensive compared to the 0.5% charged by eToro.
IQ Option is a great platform for traders looking to invest in cryptos on a feature-rich and easy-to-use platform.The trading experience on their proprietary web, desktop, and mobile platforms is smooth. It is an easy to learn and navigate platform suitable for beginning traders.
Saxo Bank: Best Broker To Buy Bitcoin as ETF’s and ETN’s
Saxo Bank is the best online broker to buy cryptos in United Arab Emirates as ETF’s or ETN’s at a fixed fee of 0.10%. Users will be able to trade on the award winning platform SaxoTraderGO which offers 9 leveraged Crypto FX pairs and over than 60 exchange traded products. The minimum deposit is $2.000, what is above industry average
Ways To Buy Bitcoin in UAE
The crypto technology is developing lightning fast and so are ways how to buy Bitcoin in the UAE. This section reveals different payment methods users can use to buy Bitcoin.
Buy Bitcoin With Cash or Cash Deposit
UAE citizens can easily buy Bitcoin for cash by using a Bitcoin ATM. Once you insert cash into the machine and use it to buy Bitcoin, the purchase will be directly stored in your e-wallet. Buying Bitcoin for cash comes at an extra cost of 6-12%, but gets you the cryptocurrency quick, easy and fully discrete.
Buy Bitcoin With Credit or Debit Card
Credit and debit cards are the fastest and easiest ways to buy Bitcoin in UAE when used with eToro. In terms of pricing, eToro charges 0.5% on all credit and debit card deposits in AED and a spread fee of 0.75% on all cryptocurrency trades. The minimum required purchase amount is $10.
Buy Bitcoin With Paypal
To buy Bitcoin with a UAE Paypal account you need to open an account, link it with preferred payment options, click on the “crypto” button at the top and choose the amount of Sell Tether in Dubai you want to purchase. Paypall allows you to buy Bitcoin for as low as $1 at a purchase fee of 0.5%
Buy Bitcoin Through P2P exchanges
Buying Bitcoin through P2P exchanges is fast and simple. After you set up an account, users request to buy/sell Bitcoin. They check the listings and select the trade partners with whom they wish to transact. P2P exchanges don’t come with the anonymity that other exchanges provide. The advantage of P2P is that users search for the best deal.