How to Buy Bitcoin in UAE – Beginners’ Guide for 2022

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The UAE is looking to become a global cryptocurrency and blockchain hub. As such, buying digital assets like Bitcoin has never been easier.

In this guide, we explain how to buy Bitcoin in the UAE in less than five minutes with a debit or credit card.

How to Buy Bitcoin in UAE – Quick Guide

If you’re looking to buy Bitcoin in the UAE right now – the investment process at eToro can be completed in a matter of minutes. 

Here’s how:

  • Step 1: Open an eToro accountYou will first need to register with eToro by entering some personal information. After choosing a username and password, you will need to upload a copy of your ID.
  • 💳 Step 2: Deposit Funds – Next, you will need to deposit at least $50 with a debit/credit card, bank transfer, or an e-wallet. Residents in the UAE will pay a deposit fee of just 0.5% across all supported payment methods.
  • 🔎 Step 3: Search for Bitcoin – Start typing in ‘Bitcoin’ into the search box and click on ‘Trade’.
  • 🛒 Step 4: Buy Bitcoin in UAE  – You will now need to enter the amount of money that you wish to invest in Bitcoin – from $10. Click ‘Open Trade’ to place your order. The BTC tokens will then be added to your eToro portfolio.

Cryptoassets are a highly volatile unregulated investment product. 

A more detailed explanation of how to buy Bitcoin in the UAE can be found below.

Where to Buy Bitcoin in UAE

Many of the best crypto exchanges in this market accept residents from the UAE – which is good news. You will, however, need to do a bit of research when deciding on where to buy bitcoin in the UAE.

For instance, you should ensure that your chosen payment method is supported and what fees and commissions will be charged.

If you’re looking for a low-cost and safe exchange that supports plenty of deposit types – consider the platforms reviewed below.

1. eToro – Best Place to Buy Bitcoin in UAE  

You won’t find a better online broker than eToro when it comes to choosing a place to buy Bitcoin in the UAE. The broker is very easy to use and it takes just a couple of minutes to register a verified account. Residents of the UAE are required to deposit just $50 to get started.

Moreover, all supported payment methods are charged a deposit fee of just 0.5%. This is the case across bank transfers, e-wallets, and even debit/credit cards. Once you have added some funds to your eToro account, you can then buy Bitcoin at the click of a button. The minimum investment required is just $10 per trade. 

When it comes to trading commissions, eToro charges just 1% above the spread. If you want to buy cryptocurrencies in addition to just Bitcoin, then eToro has you covered. In total, you will find 60 leading digital currencies – including but not limited to Ethereum, XRP, BNB, Cardano, Litecoin, Shiba Inu, and Dogecoin.

etoro review

We also like that you can invest in a professionally managed portfolio of crypto assets. There are several options available and your chosen portfolio will be rebalanced and reweighted on your behalf. You can even elect to follow other eToro investors via the copy trading feature. As the name implies, you will automatically copy the trades of your chosen investor.

In addition to cryptocurrencies, eToro also offers thousands of commission-free stocks and ETFs. This includes markets in the US, UK, Europe, Asia, and more. eToro also allows you to trade leveraged CFDs across indices, hard metals, energies, agricultural products, forex, and more.

eToro also offers one of the best trading apps in the UAE and thus – you can buy Bitcoin while on the move. The eToro app also enables you to set up mobile alerts – which means that you will receive a real-time notification when a specific price movement is triggered. Finally, eToro is regulated by the FCA, ASIC, and CySEC.

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

What we like

  • Fully regulated Bitcoin broker
  • Low Bitcoin trading fees
  • 60+ cryptocurrencies listed
  • Supports social and copy trading tools
  • Instantly buy Bitcoin with a debit/credit card or e-wallet
  • Great mobile app
  • Also supports thousands of stocks and ETFs

Cryptoassets are a highly volatile unregulated investment product. 

2. Crypto.com – User-Friendly App to Buy Bitcoin in UAE

crypto.com logoCrypto.com is home to a huge digital asset ecosystem that covers a wide range of services. If you’re simply looking to buy Bitcoin in the UAE on your smartphone – then the Crypto.com app is well worth considering. It only takes a few minutes to get set up and once you are verified – you can instantly deposit funds.

You can achieve this by using a Visa or MasterCard – which will be processed in real-time at a fee of 2.99%. The Crypto.com app also supports bank transfers but this can take a few business days to arrive in your account. In addition to Bitcoin, this popular trading app also supports 250 other digital currencies.

crypto.com review

As such, Crypto.com is a great option if you’re thinking about buying a few different tokens for your portfolio. We also like the Crypto.com app for its crypto interest accounts – which allow you to generate an attractive APY on your investments. Interest rates will depend on the coin and whether you wish to open a flexible account or lock your tokens away for 1 or 3 months.

If depositing Bitcoin, for example, you can earn an APY of up to 6% on a 3-month term and also when you stake CRO tokens. Either way, you should find the Crypto.com app very user-friendly – so you won’t need to have any prior experience to buy Bitcoin. Finally, Crypto.com also offers a prepaid debit card that enables you to spend Bitcoin anywhere that Visa is accepted.

Number of Cryptos Fee to Buy Bitcoin Debit Card Fee Minimum Deposit
250 0.4% standard commission 2.99% $20

What we like

  • Very low 0.4% maker/taker fee
  • Secure crypto wallet app
  • Bitcoin interest accounts
  • Over 250 cryptocurrencies to trade
  • Excellent educational resources

Cryptoassets are a highly volatile unregulated investment product. 

3. Binance – Low-Fee Exchange to Trade Bitcoin in UAE   

binance logoBinance offers some of the lowest trading fees in the crypto exchange arena alongside significant levels of volume and liquidity. Put simply, by opening an account with this platform, you can buy Bitcoin at a commission of just 0.10% – or less if you trade larger volumes

You can trade Bitcoin here against USDT, Ethereum, and a wide range of other digital currencies. With that said, if you are looking to buy Bitcoin in the UAE for the first time and need to deposit fiat money to pay for your purchase – Binance also supports debit/credit cards. This will, however, be processed by a third-party payment company.    

As such, debit/credit card fees can vary. Nonetheless, this will, at the very least, allow you to buy Bitcoin instantly and conveniently. Another thing that we like about Binance is that it offers the largest asset library in this space – with no less than 600 cryptocurrencies supported. This translates into over 1,000 tradable markets. 

Binance is also great if you wish to access complex trading tools and instruments. For example, Binance not only offers Bitcoin futures and options, but you can also trade cryptocurrencies via leveraged spot markets. Binance also offers crypto savings accounts and staking tools, alongside technical indicators and high-level charting features.    

Number of Cryptos Fee to Buy Bitcoin Debit Card Fee Minimum Deposit
600+ 0.1% standard commission Depends on the payment processor  Varies depending on the payment type 

What we like

  • Standard commission of just 0.10%
  • Huge collection of cryptos
  • Offers NFTs & staking
  • No account management fees
  • Simple account opening process

Cryptoassets are a highly volatile unregulated investment product.

Should I Buy Bitcoin?

If this is your first time buying a digital currency like Bitcoin, you should know that this marketplace can be ultra-volatile. Moreover, investments are often made on a speculative basis with a focus purely on short-term price action.

On the other hand, Bitcoin is also one of the best-performing asset classes in recent years, so the upside potential of this digital currency can be huge.

If you’re still not sure whether Bitcoin is right for you, then consider starting off with small amounts. At eToro, for example, you only need to risk $10 to gain exposure to Bitcoin and other cryptocurrencies.

This will allow you to dip your feet into the market without taking on too much risk. Then, as you begin to learn more about the fundamentals of Bitcoin, you might consider increasing your stakes.

Don’t forget, Bitcoin operates in a multi-trillion dollar industry, and thus – you can cash out your tokens at any time. As such, your money is never locked away.

Cryptoassets are a highly volatile unregulated investment product. 

Benefits of Buying Bitcoin

If you’re looking for reasons to buy Bitcoin in the UAE because you are still sceptical about this digital asset, then read on.

In the sections below, we cover five core benefits of adding this cryptocurrency to your portfolio today.

5-Year Returns of Nearly 3,000%

Bitcoin has performed extremely well in recent years. Over the prior five years, for instance, this digital currency has increased in value by nearly 3,000%.

This means that had you invested just $500 in 2017, today, your money would be worth $15,000. In comparison, the S&P 500 has increased by just 90% over the same timeframe.

Even high growth stocks like Tesla have underperformed when compared to Bitcoin – with the electric car maker increasing by 1,500% over the prior five years.

2022 Offers a Discounted Entry Price

To date, 2022 hasn’t been…



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