Top Crypto Exchanges in the UAE: A Complete Guide
Key Highlights:
- The leading cryptocurrency exchanges in the UAE include Binance, Bybit, OKX, BitOasis, Rain, Bitget, MEXC, and Crypto.com.
- When selecting a crypto exchange in the UAE, it is important to evaluate factors like trading fees, regulatory approvals, payment options, available cryptocurrencies, ease of use, and security features.
- Buying cryptocurrency in Dubai is possible through centralized exchanges such as Binance, decentralized platforms like Uniswap, or peer-to-peer (P2P) exchanges like Paxful.
Best UAE Crypto Exchange Overview
Binance FZE is considered the premier cryptocurrency exchange in the UAE, offering a secure and user-friendly experience for trading digital assets. A reliable exchange should provide a diverse selection of cryptocurrencies, competitive transaction fees, and seamless AED payment integrations. Additionally, strong security protocols must be in place to safeguard users’ funds and personal data.
Below is a review of the top 8 cryptocurrency exchanges in Dubai, evaluated based on key aspects such as available coins, trading fees, compliance with regulations, ease of use, payment methods, and security standards.
Top-Rated Crypto Exchanges in UAE: Our Recommendations
- Binance – Best overall crypto exchange in the UAE
- Bybit – Top platform for crypto derivatives trading in the UAE
- OKX – Most secure cryptocurrency exchange in Dubai
- BitOasis – Leading licensed exchange in the Middle East
- Rain – Affordable, low-fee crypto exchange in Dubai
- Bitget – Best platform for crypto copy trading in the UAE
- MEXC – No-KYC cryptocurrency exchange available in the UAE
- Crypto.com – Top choice for Bitcoin and crypto trading in Dubai
This list provides insights into the most reliable and feature-rich cryptocurrency trading platforms in the UAE, ensuring users can make informed decisions when entering the crypto market.
Best UAE Crypto Trading Apps and Platforms Reviewed
1. Binance
Binance: A Leading Crypto and Bitcoin Exchange in the UAE
Binance stands as a premier cryptocurrency and Bitcoin exchange platform in the UAE. Its Dubai-based entity, Binance FZE, has secured a Virtual Asset Service Provider (VASP) license from the Virtual Assets Regulatory Authority (VARA) of Dubai. With this regulatory approval, Binance can broaden its service offerings for both retail and institutional investors in the UAE, including spot trading, lending, borrowing, and staking.
The exchange boasts substantial liquidity, recording a daily BTC trading volume of over $76 billion. Binance grants users access to a vast selection of digital assets, supporting more than 400 cryptocurrencies and offering over 1,500 trading pairs. Its fee structure remains highly competitive, with trading fees ranging from 0.1% to 0.024% for takers and between 0.1% and 0.012% for makers, determined by a user’s 30-day trading volume.
For UAE customers, Binance provides multiple payment options for AED deposits, including Visa, MasterCard, bank transfers, and ADVCash, enabling seamless fiat-to-crypto transactions. Additionally, Binance features its proprietary payment solution, Binance Pay, which comes with a prepaid Visa debit card for convenient spending on goods and services.
Pros:
✅ Supports over 400 cryptocurrencies, offering diverse trading choices
✅ Competitive trading fees starting at 0.1%
✅ Licensed by Dubai’s VARA and holds an FSP
✅ Various payment methods, including bank transfers, cards, and Binance Pay
✅ Advanced security features such as 2FA, whitelisting, and Proof of Reserves
Cons:
❌ Limited customer support with slow response times
❌ Full access requires identity verification (KYC)
2. Bybit
Bybit: A Leading Cryptocurrency Exchange in the UAE
Bybit is rapidly emerging as one of the top cryptocurrency exchanges in the UAE. Since its establishment in 2018, it has seen impressive growth, now serving over 50 million users worldwide. Recently, Bybit achieved a significant milestone by securing Provisional (Non-Operational) Approval for a Virtual Asset Service Provider (VASP) license from Dubai’s VARA. This approval allows the exchange to offer access to an extensive selection of 1,699 cryptocurrencies and 275 crypto derivatives. It also supports spot trading and 100x perpetual futures markets.
The exchange is known for its competitive trading fees. Spot trading fees range from 0.02% to 0.1% for both makers and takers, while fees for derivatives range from 0.01% to 0.055% for makers, and 0% to 0.02% for takers. Additionally, a funding fee of 0.02% applies. Bybit accommodates a variety of payment methods, including credit and debit cards, PayPal, and cryptocurrencies. Furthermore, the platform enables users to purchase crypto using AED.
Bybit’s platform is designed to be user-friendly and comes with a range of features, such as fixed and flexible staking options, high-yield savings accounts, copy trading, and liquidity mining. The exchange also offers automated wealth management services, a prepaid crypto debit card, and an integrated NFT marketplace.
Advantages of Bybit:
- Access to 1,699 cryptocurrencies and 275 derivatives markets
- Competitive fees with spot trading at 0.1% and derivatives between 0.02% – 0.055%
- UAE-friendly, allowing AED payments via cards and PayPal
- A user-friendly platform with staking, copy trading, and savings options
- Strong security measures, including 1:1 Proof of Reserves and two-factor authentication
Drawbacks of Bybit:
- Provisional license status, meaning it is not yet fully operational in Dubai
- Limited options for direct AED fiat withdrawals
3. OKX
OKX stands out as one of the leading crypto exchanges in the UAE, catering to all trader levels. Fully licensed by Dubai’s Virtual Assets Regulatory Authority (VARA), it’s a reliable platform for engaging in cryptocurrency trading. With over 280 cryptocurrencies available, including well-known options like Bitcoin, Ethereum, and Tether, OKX provides a wide range of trading opportunities. It also supports more than 480 trading pairs, such as BTC/AED and ETH/AED, allowing for convenient trading in AED.
The platform’s trading fees are competitive, starting at just 0.10% for both makers and takers. Users can enjoy fee discounts based on trading volumes or by holding OKX’s native token, OKB. In the UAE, OKX makes it easy to deposit and withdraw AED directly through local bank accounts.
OKX is user-friendly for beginners and also offers advanced trading features for experienced users, including 100x leverage trading, margin trading, an NFT marketplace, and a Web3 ecosystem. The platform also prioritizes security with top-tier protection for funds, such as Proof of Reserves (PoR), multi-factor authentication, and offline storage.
Pros:
- Licensed by VARA, ensuring compliance with Dubai’s regulatory standards.
- Supports over 280 cryptocurrencies and more than 480 trading pairs.
- Easy AED deposits and withdrawals via local bank accounts.
- Low trading fees, with rates starting at 0.08% for makers and 0.1% for takers.
- Robust security, including multi-factor authentication and cold storage.
Cons:
- Limited detailed customer support for specific trading inquiries.
- Trading fee discounts are available only to holders of OKB tokens.
4. BitOasis
BitOasis stands as one of the leading cryptocurrency exchanges in the UAE. Established in 2015 and headquartered in Dubai, the platform offers a wide range of over 80 cryptocurrencies, including well-known digital currencies such as Bitcoin, Ethereum, Ripple, and Cardano. Specifically tailored to meet the needs of residents in the UAE, it has gained the trust of users for buying, selling, and securely holding their crypto assets.
The exchange holds a license from the Virtual Assets Regulatory Authority (VARA) in Dubai, ensuring that it complies with all local regulations. Additionally, it is authorized by the Central Bank of Bahrain to operate as a broker-dealer.
When it comes to payments, BitOasis offers a variety of convenient methods. Users can deposit funds through credit or debit cards, which incur a 3.99% fee. The platform also supports wire transfers from local banks, with no fees charged by BitOasis itself, although certain banks may impose their own charges. UAE-based users enjoy a unique service called Easy Funding, which allows them to link their bank accounts for quick deposits without any associated fees. Furthermore, Apple Pay is an available option for instant deposits starting at AED 100.
BitOasis provides a seamless experience on both mobile and desktop platforms, making it accessible to traders of all levels. Security is a top priority, with robust measures in place to safeguard users’ funds and personal information. Additionally, the exchange offers a wealth of educational resources and guides to assist beginners in navigating the world of cryptocurrency trading.
Advantages
- Licensed by VARA and the Central Bank of Bahrain
- Easy Funding for UAE users with local bank accounts
- Multiple payment options including Apple Pay and wire transfers
- Intuitive interface for both mobile and desktop users
Disadvantages
- 3.99% fee for card-based payments
- Limited cryptocurrency selection compared to larger exchanges
5. Rain
Rain stands as one of the leading cryptocurrency trading platforms in the UAE, celebrated for its user-friendly interface and robust security features. Fully licensed by the Abu Dhabi Global Market (ADGM), it operates in full compliance with the region’s rigorous regulatory standards. Rain offers trading options for more than 70 cryptocurrencies, including well-known digital assets such as BTC, ETH, USDT, and SOL.
In terms of fees, Rain adopts a straightforward and transparent approach. Instead of typical trading fees, it incorporates a margin ranging from 1% to 2.5% in the displayed prices. Depositing AED into your Rain account is free, and local bank withdrawals in AED also come without any charges. For users of the advanced platform, Rain applies a 0.10% fee for makers and a 0.25% fee for takers on all transactions.
Depositing AED is made easy through local bank transfers, with Visa and MasterCard credit or debit cards also supported. Rain ensures the safety of your assets by using state-of-the-art features like cold storage and multi-factor authentication. Furthermore, the platform provides a convenient mobile app for both iOS and Android users.
Advantages:
- Fully licensed by ADGM, adhering to strict regulatory guidelines
- No charges for AED deposits and withdrawals to UAE-based banks
- A variety of payment methods, including bank transfers and credit cards
- Sharia-compliant options for users interested in ethical investments
Disadvantages:
- Fewer cryptocurrencies available than some global exchanges
- High fees may apply to credit card transactions due to bank-imposed charges
6. Bitget
Bitget: A Leading Bitcoin Exchange in the UAE
Bitget stands out as one of the top Bitcoin exchanges in the UAE, providing a comprehensive range of advanced trading features. With support for more than 1200 cryptocurrencies, Bitget offers a wide selection for users. Whether you’re interested in popular cryptocurrencies like Bitcoin and Ethereum or wish to explore lesser-known tokens, Bitget has a variety of options to choose from.
The platform also stands out by offering zero fees on buying and selling crypto via its Peer-to-Peer (P2P) platform. Moreover, Bitget supports a range of fiat gateways, including UAE Dirhams, making it a convenient option for users in the region. For Arabic-speaking traders, the platform is highly accessible, offering complete Arabic language support on both its mobile app and website.
While Bitget is currently in the process of obtaining full licensing in the UAE, the company is actively working to meet regulatory requirements and plans to open a regional office. Known for its innovative features, Bitget offers copy trading, which allows new traders to replicate the strategies of seasoned investors. The platform also provides advanced futures trading options with leverage of up to 125x.
An additional highlight of Bitget is its Bitget Wallet, a versatile crypto wallet designed to handle swaps, NFTs, and decentralized apps (DApps). This feature makes it easier for users to manage their digital assets while exploring the Web3 ecosystem.
Pros:
- Over 1200 cryptocurrencies available, offering a wide range of trading options
- Zero fees for P2P crypto transactions
- Full Arabic language support for UAE and MENA region users
- Copy trading feature designed for beginners
- Advanced futures trading with leverage options
Cons:
- Currently not fully licensed in the UAE
- No local customer support offices in the region
7. MEXC
MEXC: The Most Affordable Crypto Trading Platform in the UAE
MEXC stands out as the most cost-effective cryptocurrency trading platform in the UAE, providing a robust set of features and advantages for traders. Since its inception in 2018, the platform has expanded rapidly, now serving millions of users worldwide, including a significant number in Dubai and across the UAE. With an impressive array of over 2,500 cryptocurrencies and more than 2,900 trading pairs, MEXC offers a diverse range of options for crypto enthusiasts.
A standout feature of MEXC is its remarkably low trading fees. The platform charges just 0.05% for spot trading, applicable to both makers and takers. For futures trading, MEXC offers an even more affordable structure with a mere 0.01% fee for makers and only 0.04% for takers. While deposits are free, standard blockchain network fees apply when transferring funds. These incredibly low fees make MEXC one of the most affordable platforms for cryptocurrency trading in the UAE.
MEXC also supports a wide range of payment methods, making it a convenient choice for traders in the UAE. Users can fund their accounts via bank transfers, credit or debit cards, or third-party payment services using the P2P system. Additionally, the platform provides Over-The-Counter (OTC) services. For those looking for advanced trading options, MEXC offers leverage for both spot and futures trading, as well as copy trading, where users can replicate the strategies of top traders. Demo accounts are also available for practice. The platform’s simple and intuitive interface, coupled with a mobile app, ensures ease of use. Traders can also engage in crypto trading without KYC verification and can withdraw up to 10 BTC per day.
Advantages of MEXC:
- Access to over 2,500 cryptocurrencies and 2,900 trading pairs.
- Extremely low fees for crypto trading.
- Multiple deposit options, including bank transfers and cards.
- An easy-to-navigate interface and feature-packed mobile app.
- Advanced tools such as copy trading and demo accounts for practice.
Drawbacks of MEXC:
- The platform’s licensing status in the UAE is not clearly defined.
- Limited customer support options for urgent matters.
- OTC services may have wider spreads compared to regular trading.
8. Crypto.com
Crypto.com: A Leading Crypto Exchange in the UAE with Full Licensing
Crypto.com is a licensed and highly regarded crypto exchange platform in the UAE, fully authorized by the Virtual Assets Regulatory Authority (VARA) in Dubai. This official licensing allows Crypto.com to offer a wide array of services, including the ability to buy, sell, and trade cryptocurrencies, as well as to engage in lending and borrowing of digital assets.
The platform is also renowned for its spot trading features, perfect for users looking to trade cryptocurrencies directly. Additionally, Crypto.com provides advanced tools such as trading bots and sub-accounts, offering users greater flexibility to manage multiple portfolios and automate their trading activities.
A key benefit for UAE users is the introduction of the AED Fiat Wallet, enabling users to deposit and withdraw UAE Dirhams (AED) directly within their accounts. This is a significant advantage for local traders, offering seamless and swift transactions without the need to convert to other currencies. Moreover, deposits made from UAE bank accounts come with zero transaction fees.
Pros:
- Fully licensed by Dubai’s VARA, ensuring regulatory compliance in the UAE
- Allows AED deposits and withdrawals at no cost
- Supports trading of over 350 cryptocurrencies
- Equipped with trading bots and advanced trading tools
- Strong security protocols, including robust encryption and user protection
Cons:
- Transaction fees can be high for smaller amounts
- Users may experience delays in withdrawing certain assets
Best Crypto Exchanges in Dubai: A Detailed Comparison
Exchange | Supported Coins | Trading Fees | UAE Regulation
- Binance | 400+ | 0.1% maker/taker | Yes (Licensed by VARA)
- Bybit | 1,699+ | 0.1% maker/taker | Provisional VARA license
- OKX | 280+ | 0.08% maker and 0.1% taker | Yes (Licensed by VARA)
- BitOasis | 80+ | 3.99% for card payments, wire transfers free | Yes (Licensed by VARA & Bahrain CBB)
- Rain | 70+ | Free, 0.10%-0.25% (advanced portal) | Yes (Licensed by ADGM)
- Bitget | 1,200+ | 0.1% maker/taker | No
- MEXC | 2,500+ | 0.05% maker/taker | No
- Crypto.com | 350+ | 0.25% maker and 0.5% taker | Yes (Licensed by VARA)
How to Choose the Right Crypto Exchange in the UAE
Trading Fees
When you buy or sell cryptocurrencies, trading fees are the charges associated with each transaction, withdrawal, or deposit. Lower fees mean you can keep more of your profits. Some platforms also offer discounts for high-volume traders. It’s crucial to find an exchange with transparent fees to avoid unnecessary costs.
Available Cryptocurrencies
Different exchanges offer different sets of coins. While many support popular options like Bitcoin, Ethereum, and Binance Coin, others may list rare or emerging cryptocurrencies. If you’re looking to trade specific tokens, make sure to verify the exchange’s coin offerings before you register.
User Interface & Experience
A user-friendly interface is essential for both beginners and experienced traders. A clean, simple platform helps you navigate through your transactions effortlessly, while a complicated system could lead to mistakes and frustration. Look for exchanges with intuitive designs that work well on both mobile and desktop.
Security
Security should be your top priority. Strong measures like two-factor authentication, encryption, and cold storage wallets help protect your assets. Always research an exchange’s security features and check user feedback to ensure your funds are safe.
Payment Methods
Convenient payment methods are key to hassle-free trading. Most platforms in the UAE accept bank transfers, debit/credit cards, and some even e-wallets. Opt for an exchange that supports your preferred payment methods and offers quick processing times. Also, ensure that it supports AED to avoid additional currency conversion fees.
Regulatory Compliance
Regulations help ensure the safety of your funds and the transparency of the exchange. Look for exchanges that are licensed by authorities like the Dubai Multi Commodities Centre (DMCC) or Abu Dhabi Global Market (ADGM) to ensure they comply with UAE laws.
Types of Crypto Exchanges in the UAE
Decentralized Exchanges (DEXs)
DEXs offer peer-to-peer trading without a central authority. These exchanges operate on blockchain technology, providing privacy and control over your assets. Platforms like Uniswap allow users to trade tokens directly, without registration. However, they often don’t support traditional currencies like AED, and they may be less intuitive for beginners.
Centralized Exchanges (CEXs)
CEXs are the most common crypto exchanges in the UAE. These platforms serve as intermediaries for trading cryptocurrencies, supporting a range of fiat currencies like AED. Popular exchanges like Binance and Bybit offer fast transactions and a wide array of digital assets. However, you must trust the platform to safeguard your funds. While CEXs have strong security measures, the risk of hacks remains a concern.
Peer-to-Peer (P2P) Exchanges
P2P exchanges facilitate direct trades between individuals. Platforms like Binance P2P and Paxful offer escrow services to ensure both parties fulfill their terms before completing a transaction. This method allows users to trade in AED and often provides better flexibility in payment methods. While slower than CEXs, P2P exchanges give you more control and privacy.
A Step-by-Step Guide to Buying Bitcoin and Other Cryptocurrencies in the UAE
1. Select a Reputable Exchange
Start by choosing a reputable exchange, such as Binance, Bybit, or BitOasis. Verify that the platform is registered in the UAE, accepts AED, and has strong security protocols. Review user experiences to ensure reliability.
2. Set Up Your Account and Complete KYC
Register for an account on the exchange, providing basic personal details like your name, email, and phone number. Most platforms require you to complete a Know Your Customer (KYC) process by submitting ID documents such as your Emirates ID or passport.
3. Deposit Funds
Once your account is set up, fund it through bank transfer, credit card, or an e-wallet service. Choose the deposit method that is most convenient for you.
4. Buy Your Crypto
With your account funded, search for the cryptocurrency you wish to buy, such as Bitcoin or Ethereum. Select the amount you want to purchase, review the transaction details, and confirm your order. Many exchanges allow you to set a limit order to buy at a specific price.
5. Withdraw Your Funds
For security, consider withdrawing your cryptocurrency to a personal wallet. This provides additional control over your assets. You can use a hardware wallet or mobile wallet for safekeeping.
Cryptocurrency Regulations in the UAE
The UAE has established clear regulations for cryptocurrency trading, ensuring a safe environment for investors. Crypto businesses must obtain a license from the Securities and Commodities Authority (SCA), which oversees trading, buying, and selling activities.
Additionally, the Virtual Assets Regulatory Authority (VARA) governs crypto companies operating in Dubai. While individuals don’t pay taxes on crypto earnings, businesses exceeding AED 375,000 in annual revenue are subject to a 9% corporate tax, effective from 2023. Cryptocurrency mining is also subject to VAT.
Conclusion
The best crypto exchanges in the UAE include Binance, Bybit, OKX, BitOasis, Rain, Bitget, MEXC, and Crypto.com. Each platform stands out for its competitive fees, diverse cryptocurrency options, and robust security measures. When selecting an exchange, consider factors like regulatory compliance, supported cryptocurrencies, and the exchange’s security features to ensure a smooth and secure trading experience in Dubai.
FAQs
Is crypto exchange legal in UAE?
Yes, crypto trading is legal in the UAE. The government has implemented regulations to ensure safe and transparent crypto transactions.
What are the best Bitcoin wallets in the UAE?
Popular wallets include Phantom Wallet (for software) and Trezor Safe 5 (for hardware), which offer strong security features for Bitcoin storage.
Which bank is most crypto-friendly in the UAE?
Emirates NBD and Abu Dhabi Commercial Bank (ADCB) are known for being crypto-friendly.
Is UAE a crypto-friendly country?
Yes, the UAE is widely considered one of the most crypto-friendly countries, with government support for the industry and regulations that foster a secure environment for crypto businesses.
Which crypto exchange is best in Dubai?
Binance and Bybit are top exchanges in Dubai, offering extensive crypto selections, user-friendly platforms, and high security.
Which banks allow you to buy Bitcoin in UAE?
Emirates NBD allows its customers to buy Bitcoin in the UAE, offering a relatively crypto-friendly approach.
Is it legal to cash out crypto in Dubai?
Yes, cashing out cryptocurrency in Dubai is legal. You can convert crypto to fiat currency through licensed exchanges and withdraw to your bank account.