FD

What are Cryptocurrencies?

Cryptocurrencies are digital currencies that use decentralized networks based, meaning that they operate independently and not controlled by any person or banks.

You can exchange real currency, like dollars, to purchase the Cryptocurrencies.

Check out: How to Buy Bitcoin in Dubai 

Why Should You Consider Investing in Crypto?

  • 01.

    Diversity of
    investing portfolio

  • 02.

    High
    returns

  • 03.

    Full ownership of
    your money

While it can be very profitable and people can earn a lot of money via cryptocurrency in a very short amount of time, it also comes with significantly high risk that should not be ignored. Forex markets are very volatile, hard to predict and there is a chance that an investor can lose some or all of their capital.

How to buy cryptocurrency in UAE

Cryptocurrency Trading in UAE in completely legal. Buying any digital currency usually involves two steps: Getting a wallet to store your bitcoin and cryptocurrencies, and buying the cryptocurrency from a trusted exchange.

Step 1
Wallet
Step 2
Exchange

01. Getting a wallet to store the cryptocurrency

You need to have a crypto wallet to store the cryptocurrency you buy. Most of the exchanges where you buy the crypto from don’t allow you to store it, and require a wallet address. So having a wallet is a must when buying cryptocurrency.

Find out the most popular bitcoin and cryptocurrency wallets in the UAE.

Check out: How to Buy Bitcoin in Dubai 

Freewallet is a company that has developed a range of digital currency wallets with a built-in exchange for the web, iOS and Android devices capable of holding 100 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Dogecoin, Monero, and Bytecoin in one place.

Blockchain.com is one of the most popular and trusted crypto companies, serving millions of users around the world and providing them with a safe wallet to store their cryptocurrencies.

Blockchain.com is a cryptocurrency blockchain explorer service, as well as a cryptocurrency wallet and a cryptocurrency exchange supporting Bitcoin, Bitcoin Cash, and Ethereum. They also provide Bitcoin data charts, stats, and market information.

02.Finding a trusted exchange to buy a cryptocurrency

An exchange allows you to buy a cryptocurreny in return to either a fiat currencies (USD, EUR, AED,..) or another cryptocurrency. Most of exchanges don’t allow storing the crypto you buy from them on the exchange, and ask you to provide a wallet address.

Find the best and most-trusted excnahges in the UAE

Binance is one of the largest and top exchanges in the world. It is the world largest exchange platform in terms of volume. Founded in 2017 and headquarters in Malta. Binance provides a very wide range of cryptocurrencies

Changelly is an instant crypto exchange, founded in 2015, Changelly offers their users a very fast and simple interface for buying and exchanging a large array of cryptocurrencies. It allows users to buy crypto using bank card.

Founded in 2015 and based in Dubai, BitOasis is the largest digital asset trading exchange, platform, and wallet service in the Middle East & North Africa MENA region.

Bitoasis.net is an exchange and wallet. It offers 10+ Digital Assets and 15+ Trading Pairs.

The BitOasis platform is available to users in the United Arab Emirates (UAE), Saudi Arabia, Bahrain, Kuwait, Oman, Jordan, Egypt and Morocco.

Coinmama is one of the largest online cryptocurrency exchanges that allows users to buy crypto using credit cards.

Launched back in 2013 and was one of the first exchanges. It offers fast and simple transactions to buy crypto

Switchere is an Estonia-based cryptocurrency exchange service with an exchange license from the Estonian authorities. Launched in 2019, the platform enables users to buy crypto, either with bank cards or by exchanging one cryptocurrency with another.

Kraken is one of the largest cryptocurrency exchange platforms in the market. Founded in 2011, it enables users to trade a wide range of coins and tokens. Kraken also offers futures contracts and margin trading.

Bittrex is a large exchange based in the U.S. The company was founded in February 2014. A blockchain platform that provides a real-time trading with high level of security.  Users can buy crypto in exchange for fiat currencies as well as exchange for crypto.

Buy Crypto

*67% of retail investor accounts lose money when trading CFDs with this provider

eToro is one of the world’s leading brokers. A multi-asset platform where users can trade CFDs, currencies, indices, commodities, Stocks and Cryptocurencies.

The eToro Money crypto wallet is an easy-to-use, multi-crypto, secure digital crypto wallet.

eToro crypto wallet has several high-level security features to protect against unauthorized access, including multi-signature facilities, DDoS protection, and standardization protocols.

Still confused about how to buy & store cryptocurrencies? just send us an email on info@thefinancedean.com and we will be very happy to provide you with a completely free help 

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