Investing in cryptos is gaining popularity across the world due to their high liquidity and security benefits.
So, when it comes to crypto exchange in Dubai, there are no exceptions for Dubai, and UAE traders as well.
However, finding the best and most reliable crypto exchanges can be a bit challenging in this complex trading environment.Â
Therefore, we have identified the top crypto exchanges in Dubai in 2024 in terms of compliance with VARA, ADGM, and FSRA, the primary regulators for crypto in Dubai.
All of them offer support for AED deposits, transparent fees and crypto selection, and a safe and regulated environment for trading.
What Are the Pros of Using Crypto Exchanges?
The crypto exchange industry is brimming with excellent opportunities to make money and take part in the progressive economic ecosystem. Below we will discuss some essential pros of using Crypto Exchanges for trading-
- Protection against Inflation – Unlike traditional currencies, crypto exchange offers excellent protection against market value inflation.Â
- Self-governed and maintained – They are also easily governed and maintained by developers and miners.
- Cost-effective mode of transactions.
- Decentralized currency
- Easy and cost-effective mode of transaction
- Highly safe and private currency exchange.
- Smooth closure process for every currency exchange.
- Easily transferable funds via digital wallets.
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List of Best 10 Crypto Exchanges in Dubai in 2024
If you are searching for a reliable crypto exchange, read our following list of 10 top crypto exchanges in Dubai (UAE) in 2024-
OKX
OKX is one of the most famous crypto exchanges in Dubai and UAE. It is a top-notch exchange for both newbies and experienced traders. OKX provides a wide selection range with more than 300 cryptocurrencies already included in the exchange. In addition, the exchange also supports various advanced trading features such as options, spot and futures trading, DeFi services and high liquidity. The robust security and user-friendly interface are another plus point of OKX Exchange.
Bybit
Bybit is another popular crypto exchange that comes in our list of 10 top crypto exchanges in Dubai and UAE. Bybit was founded in 2018 and soon earned a significant position in the crypto exchange world for its user-friendly interface and advanced trading features. Also, the exchange platform serves more than 40 million users. Additionally, the platform offers a wide range of educational resources and tools for users, including both seasoned and novice traders.Â
Binance
Not to mention, Binance is a significant name among the 10 top crypto exchanges in Dubai (UAE) that also have a strong presence in the global crypto exchange market. It is considered one of the largest global players in the crypto exchange. The Dubai Virtual Assets Regulatory Authority, or VARA, has already licensed Binance and is taking strategic steps to expand its presence in Dubai and the UAE.Â
MEXC
MEXC is the best option for you if you are searching for a low-fee cryptocurrency exchange in Dubai and the UAE. It has robust trading features including margin trading, spot trading and future contracts with low trading fees and high liquidity. MEXC has more than $1.73 billion trading volume with a strong user base. The platform has a user-friendly application for both iOS and Android. And no charges are required for spot trading.
eToro
eToro is another well-established crypto trading platform that has a strong presence in the Dubai Virtual Assets and crypto exchange market. The platform or exchange platform is well-known for its wide range of tools, advanced and secure trading environment and a huge community of 30+ million users. The biggest advantage of using eToro is that the platform offers multiple asset exchanges including cryptocurrencies, exchange-traded funds, stocks, indices, forex and more.
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CoinMena
CoinMena is becoming a popular name in the MENA region (Middle East and North Africa). It offers trading in a number of cryptocurrencies including Ethereum and Bitcoin for both new and expert traders. The platform is licensed by the Central Bank of Bahrain. It has a user-centric approach and wants to offer a high-quality trading experience. Its primary aim is to provide more personalized services with 24/7 support via phone, WhatsApp and e-mail.
Uphold
In terms of versatility, Uphold is one of the top crypto exchanges in Dubai. The platform integrates digital and traditional assets such as Fiat currencies, precious metals and 250+ cryptocurrencies allowing users to hold, convert and trade assets in one interface. Its versatile features include a transparent fee structure, real-time trading and multi-currency trading support. The platform operates in multiple jurisdictions like the UAE, USA and UK and focuses on robust security measurements. Trading fee per transaction is 3.99% on Uphold.
HTX
HTX, formerly Houbi is one of the top crypto exchanges in Dubai. It has a robust infrastructure, supports 650+ cryptocurrencies and offers a wide range of trading services including margin trading, spot trading and future contracts. The high-performance matching engine and cutting-edge trading tools of HTX ensure an easy trading experience. Frequent security audits, fund cold storage, SSL encryption, two-factor authentication and other such measurements offer security.
Kraken
Kraken is the most trusted and reputed crypto exchange worldwide in Dubai (UAE). When you are emphasising security, Kraken is the best option. It offers robust security measurements, various trading tools, and digital assets, including several Fiat currencies like EUR, USD, and JPY and more than 230 cryptocurrencies. The minimum trade requirement on this platform is 0.0001 BTC, or $1. It allows off-chain and on-chain staking and also supports trading through mobile applications.
Bitget
Bitget operates in countries such as UAE, USA, Korea and Japan. It is considered one of the top crypto exchanges in Dubai for user safety. High leverage option is the key feature of this platform allowing 125x leverage on specific contracts or derivatives. It also has strong security management protocols and cold storage for funds or assets. Both experienced and new traders can access 500+ cryptocurrencies on the platform. The minimum investment on the platform is $15 and trading fees for both makers and takers are 0.1%.
Conclusion
The growing market of digital assets and cryptocurrencies and their increased integration/application across various industries make it an ideal choice to invest in these digital currencies. Today, many traders in Dubai have incorporated crypto into their trading portfolios.
But finding the right exchange platform to begin the journey with crypto has always been tricky, especially for newbies. Above, we have discussed 10 top crypto exchanges in Dubai, UAE, that offer strong compliance with VARA, FSRA, and ADGM to help you find reliable exchange platforms to begin your crypto trading in Dubai.
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