6 Best Crypto Exchanges UAE – Compare Low Fee Platforms 2022

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Investors in the UAE can easily buy and sell crypto from an online exchange. The key challenge is knowing which crypto exchange is the right fit for you.

In this guide, we compare the best crypto exchanges in the UAE for 2022 in terms of security, markets, fees, payments, and more.

The Best Crypto Exchanges UAE for 2022

Below you will find a list of the best crypto exchanges in the UAE for 2022.

  • eToro – Overall Best Crypto Exchange UAE for 2022
  • Crypto.com – Top Crypto Exchange with User-Friendly Mobile App
  • Binance – Low Commission Crypto Exchange for Trading
  • Kraken – Bitcoin Exchange With Margin Accounts
  • Coinmama – Simple Exchange to Buy Crypto With a Credit Card
  • BitOasis – UAE-Based Crypto Exchange With AED-Based Pairs

We review each of the above UAE crypto exchanges in the following section.

The Top Bitcoin Exchanges in UAE Reviewed

It is difficult to know which crypto exchange is suitable for your requirements until you do a little bit of research. For instance, you will need to evaluate what crypto markets the exchange supports and how much it charges in fees and commission.

You also need to assess what payment methods are accepted and whether a reasonable level of customer support is offered. In the reviews below, we cover these key metrics in great detail with the view of helping you choose the best crypto exchange in the UAE.

1. eToro – Overall Best Crypto Exchange UAE for 2022

eToro – which was launched in 2007 and is now used by over 25 million people, is the overall best crypto exchange in the UAE. The platform is home to 60+ leading cryptocurrencies – which include everything from Bitcoin and Ethereum to AAVE, Shiba Inu, and Decentraland.

You can open an account with this exchange in a matter of minutes simply by providing some personal information. You can then deposit funds instantly with an e-wallet like Paypal or a debit/credit card issued by Visa or MasterCard. You can also transfer funds from your bank account but this will take longer than the aforementioned. 

All of the cryptocurrency markets supported by eToro can be traded from just $10. This will suit inexperienced investors or perhaps those on a budget. Fees are very competitive at this exchange too. For instance, you can deposit funds in AED and the transaction will cost you just 0.5% across all supported markets. Trading commissions cost just 1% above the market spread.

 

Withdrawals are competitive too at just $5 – regardless of how much you cash out. In addition to digital currencies, you can also invest in stocks here. Thousands of stocks and ETFs are supported – all of which can be purchased at 0% commission. Moreover, residents in the UAE can also use eToro to trade commodities like oil, natural gas, and gold.

Forex and indices are also on offer. When it comes to core investment tools, eToro offers a copy trading tool that allows you to follow and automatically mirror the positions of an experienced trader. This tool can be accessed without paying any additional fees and the minimum investment is just $200.

A mobile trading app for iOS and Android can also be downloaded for free onto your smartphone and this will connect to your main eToro account. If you wish to get some practice in before you start buying and selling cryptocurrencies, eToro also offers a free demo account that comes packed with $100k in paper funds. Finally, eToro is regulated by CySEC, ASIC, and the FCA.

Number of Cryptos 60+
Debit Card Fee 0.5%
Fee to Buy Bitcoin Spread + 1%
Minimum Deposit $50

What We Like:

  • Dozens of cryptocurrencies to trade
  • Buy Bitcoin and other cryptos with low fees
  • Minimum deposit is only $50
  • Regulated by numerous top-tier entities
  • Accepts credit/debit cards and PayPal deposits
  • User-friendly trading app
  • Very low fees

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

2. Crypto.com – Best Crypto Trading Platform UAE with User-Friendly Mobile App

crypto.com logoCrypto.com isn’t just an exchange – it’s an entire cryptocurrency ecosystem. The platform offers everything from crypto debit cards and loans to interest accounts and an NFT marketplace. You can also use the Crypto.com platform to buy digital currencies instantly with a debit or credit card.

For this, you will first need to open an account and download the Crypto.com app. Then, you will pay a debit/credit card fee of 2.99% and your chosen digital tokens will then be added to your portfolio. You can also deposit funds via a standard bank wire.

If you wish to use the Crypto.com exchange to trade digital currency pairs – such as BTC/USD or DOGE/USD, you will only pay a commission of 0.40%. This means that entering a buy order worth $1,000 would cost you just $4. As such, if you’re looking for top crypto exchanges in the UAE for low fees, this provider is well worth considering.

crypto.com review

If you decide to buy digital currency here and HODl your investment in the long run, Crypto.com offers industry-leading security tools. You can also deposit your tokens into a crypto savings account that generates interest. This feature is available on dozens of coins and you can choose from a 1-month, 3-month, or flexible term.

The highest rates are offered on 3-month accounts and when you stake CRO tokens. You might also decide to use Crypto.com for its popular wallet – which allows you to retain control of your private keys. Alternatively, if you’re thinking about buying some non-fungible tokens, the Crypto.com NFT marketplace allows you to invest without paying any commission.

Number of Cryptos 250+
Debit Card Fee 2.99%
Fee to Buy Bitcoin Up to 0.40% commission
Minimum Deposit $20

What We Like:

  • Over 250+ crypto coins supported
  • Accepts debit/credit cards and bank transfers
  • Great reputation
  • Offers crypto interest accounts and lending services
  • Competitive fees

Cryptoassets are a highly volatile unregulated investment product.

3. Binance – Best Crypto App UAE for Experienced Traders

binance logoBinance is perhaps the best Bitcoin exchange in the UAE and Dubai for low commissions. The platform charges just 0.10% per slide when you buy and sell crypto here and spreads are very competitive. If you trade larger volumes each month, your commission will be reduced. This is also the case when you hold BNB tokens.

Binance is also the world’s largest exchange for registered users and trading volume. You will often find that this exchange facilitates over $10 billion per day in volume, so naturally – liquidity levels here are significant. You can deposit crypto into your Binance for free or elect for a debit/credit card.

binance review

Binance uses a third-party payment processor for debit/credit card payments that are executed from the UAE, so fees will vary depending on the provider. Binance is also great for short-term traders and even automated bots. You will have access to plenty of charting tools and dozens of technical indicators are offered.

You can even access leveraged markets – which includes spot trading, futures, and options. In total, Binance is now home to over 600 digital currencies, so this exchange is also a good option if you wish to build a diversified portfolio. The main drawback with Binance is that its regulatory status remains unclear – even though it has been operational since 2017.

Number of Cryptos 600+
Debit Card Fee Depends on the selected payment processor
Fee to Buy Bitcoin Up to 0.10% commission
Minimum Deposit Depends on the chosen payment method

What We Like:

  • Huge selection of markets
  • Trading fees of just 0.10% per slide
  • Supports debit/credit cards
  • Numerous wallet options
  • Advanced trading tools

Cryptoassets are a highly volatile unregulated investment product.

4. Kraken – Bitcoin Exchange With Margin Accounts

Kraken offers both a standard client interface and an advanced platform that comes packed with tools and features that will appeal to seasoned investors. Moreover, if you are looking to trade digital currencies with leverage, Kraken is arguably the best crypto exchange in the UAE for this purpose.

First and foremost, you can buy a selection of crypto assets here with leverage of 1:5. This will subsequently amplify the value of your investment by a factor of five times. You can also trade crypto derivatives on margin here via futures with much higher levels of leverage on offer. Take note, funding fees are charged for as long as you keep a leveraged position open.

On the other hand, you can also use Kraken to invest in crypto in the UAE with fiat money. After making a deposit into your account via a bank wire, you can then buy crypto at just 0.26% per slide. Just like Crypto.com and Binance, Kraken offers lower fees when you trade higher amounts throughout the month.

What we also like about Kraken is that the exchange has a great reputation. The platform was first launched in 2011 and you will benefit from a wide range of internal security tools. This includes keeping 95% of all client digital funds in cold storage. Finally, you can also trade crypto here via the Kraken app for iOS and Android.

Number of Cryptos 65+
Debit Card Fee Not available in the UAE
Fee to Buy Bitcoin Up to 0.26% per slide
Minimum Deposit No minimum stated

Pros

  • Offers margin of 1:5 on spot markets
  • Leverage of 50x on futures trading
  • First founded in 2011
  • 65+ coins supported
  • Suitable for both beginners and experienced investors

Cons

  • Leveraged products are high risk
  • Does not offer a native wallet

Cryptoassets are a highly volatile unregulated investment product. 

5. Coinmama – Simple Exchange to Buy Bitcoin and Ethereum With a Credit Card

coinmama review

Coinmama is home to a simple crypto exchange that enables you to buy digital currencies with a…



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