There are crypto exchanges more popular in certain countries and jurisdictions. In Dubai. There are top exchanges as well to use, as it is a major crypto hub.
Dubai, a city in the United Arab Emirates (UAE) is known for its crypto-friendly legislation. Over the years, several top crypto exchanges have sought licenses from the city, and many of them already have such licenses while many others are still coming.
If you’re in Dubai looking for a good crypto exchange to use, there are several options you can use. In this guide, we have picked out only the top five of these options to help you decide more easily which one to use, and here they are.
Crypto Desk
Crypto Desk is a truly indigenous Dubai crypto exchange. It was founded in Dubai, and has its office in the heart of the city. This makes it completely trustworthy for Dubai residents as the exchange has a physical location where it can be found.
The exchange stands out in its services, in that it provides over the counter trading (OTC) services to its customers. OTC trading is an easy way to buy and sell crypto assets in high volumes at the lowest possible fees.
Crypto Desk boasts of a secure platform with many methods for making payments, including Bank Transfer, ATM Deposits, and Cash in Person, which is a payment method first offered by Crypto Desk. You can trade assets such as USDT, Bitcoin, and Ethereum easily.
Binance
Binance is a global crypto exchange, and is known to be the biggest exchange by trading volume. You can use the exchange in Dubai as well as hundreds of other countries and jurisdictions.
After securing an MVP license from the Virtual Assets Regulatory Authority (VARA) last year, Binance recently secured a full Virtual Asset Services Provider (VASP) license from the same agency.
This gives the exchange full permission to operate as a regulated crypto exchange platform in Dubai, which makes it another trusted platform that you can use if you live in the city. Binance is known for its simple design, which makes it usable by anyone.
Bybit
Bybit is another top crypto exchange that you can use in Dubai. It is a well known crypto derivatives trading platform designed with advanced traders in mind. The exchange is highly trusted in Dubai because it has its headquarters in the city even though it wasn’t founded there.
The Bybit platform is known for low fees, and has roughly 1,000 crypto assets listed on it, giving users a variety of assets to deal with when it comes to altcoin investing. You can also use different deposit methods on the exchange.
There are over 10 million Bybit users worldwide, which proves its reliability despite the fact that it’s relatively new.
Crypto.com
This is a crypto trading platform that has a full operational license from VARA, even though the headquarters is in Singapore. The platform is known for its strict compliance with regulations wherever it operates, which has made it secure the confidence of regulators the world over.
Like Binance, this platform has a simple design that makes it easily usable by almost anyone. It also has hundreds of listed assets, so that you can use them to trade, stake or invest, whatever you want.
eToro
eToro is another regulated crypto trading platform in Dubai that you can use to buy and trade crypto assets. The exchange has a good reputation in Europe and many countries in other continents.
What sets eToro apart is the fact that it is also a social trading platform. This is a platform that allows beginner traders to copy the trading strategies of experienced traders and then earn from them while learning to trade better.
Apart from crypto, you can also buy other assets such as bonds, stocks, precious metals, etc on eToro using your fiat currencies.
