Best Crypto Exchange in UAE and Dubai 2023

Choosing the best crypto exchange in UAE isn’t easy! There are 155 exchanges companies available to UAE traders offering different fees, liquidity levels, staking options and overall trading experiences making it unclear for users to choose the right option. That said, it is key to understand your knowledge level and investment goals in order to sign up with an exchange that will match your expectations. 

In this guide we go over some of the best choices for UAE traders. We have analysed and compared 155 popular exchanges to buy cryptocurrency in UAE and weighted their overall performance in 8 different categories to help you make an informed decision.

Top 5 Crypto Exchanges In UAE

1. eToro – Top Crypto Exchange in UAE for Beginners
2. OKX – Great Exchange for Low fees and AED Deposits
3. Huobi – Best for Advanced Traders, Safety and Margin Trading
4. Binance – Best For Availability of Coins and Liquidity
5. ByBit – Best Crypto Trading Platform in UAE for Mobile

	Exchange	Overall Score	General info	Fees (Maker/Taker)	Spot Volume (BTC)
#1	eToro	4.9	Best overall exchange	1%/1%	$2,739,612
#2	OKX	4.8	Best for Low Fees	0.10%/0.02%	$89,000
#3	Huobi	4.8	Best for security	0.04%/0.05%	$36,500
#4	Binance	4.7	Best for available assets	0.08% /0.1%	$806,899,070
#5	ByBit	4.6	Best for mobile	0.1% /0.1%	$53,964,331

Below is a detailed break down and comparison of all the exchanges we included in our list of the best cryptocurrency exchanges in UAE and Dubai.

eToro – Best UAE Crypto Exchange For Beginners

eToro is the best crypto exchanges in UAE for beginners, because they offers simple trading features, an intuitive trading dashboard and excellent social copy trading features. With 25million users, this exchange has the worlds largest social trading community, which makes it even more interesting for beginners and casual traders.

eToro’s singly offered trading platform (Web Trader) is available on multiple devices (web, mobile) and allows users access to 27 basic cryptocurrencies including:

• Bitcoin
• Ethereum
• Bitcoin Cash
• Ripple
• Lite Coin

All of these coins are available as “real cryptos” or as CFDs and can be traded with up to 5:1 leverage ratio an all account types. eToro does not charge any commissions on crypto trades, instead, traders pay a 1% flat fee an all crypto buy and sell orders. Although eToro charges monthly inactivity fees ($10 after one year of inactivity) and withdrawal fees ($5), the overall trading costs are industry average.

eToro is regulated by 4 tier-one regulators, including the SEC, FCA, CySEC, and ASIC, which makes this broker safe for trading cryptocurrencies.

Read the full eToro UAE review

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OKX – Best Low Fees Cryptocurrency Trading Platform

Established in 2014, OKX is the world’s biggest derivatives exchange (by users and trading volume) that offers crypto spot, futures, options, and derivatives trading. It also has a built-in NFT Marketplace with access to the biggest brands including CryptoPunks, Otherdeed for Otherside, and ENS. With fees ranging from 0.1% (taker fee) and 0.08% (maker fee), OKX is among the cheapest crypto exchanges in the UAE.

OKX allows users to trade on over 600 digital assets, over 200 BTC pairs and dozens of crypto-related financial instruments including:

• Crypto spot markets
• Crypto derivatives
• Crypto options and futures
• Crypto perpetuals
• Crypto swaps
• DEX & Margin trading
• NFTs

All cryptocurrencies can be traded with up to 10:1 leverage across all accounts with no additional verification. With a slippage score of 500 and deep liquidity (110,000.000 spot volume/BTC) OKX ensures fast and reliable order fulfillment across all offered coins.

OKX offers two proprietary platforms and an easy to use mobile app:

• Simple Trading Platform: offers simple and intuitive buy, sell, and conversion options and is better suited for beginners
• Active Trading Platform: offers access to advanced trading features (market limit and stop orders, conditional orders and customisable market charts), and advanced trading strategies (margin trading, automated trading, bot trading)
• OKX Mobile app: mirrors the trading experience of the desktop version

With innovative trading features and support for different trading strategies, OKX is among the top rated platforms for crypto trading in UAE at all levels.

Read the full OKX Review

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Huobi – Best Trading Platform for Safety and Security

Despite being one of the largest crypto exchanges by volume (115,000.00 spot volume/BTC), Huboi also is among the safest platforms to trade with (has not previously been hacked). They use an advanced distributing system architecture that secures over 98% of user’s assets on multi-signature cold storage wallets making them inaccessible for hackers.

Huobi allows users to trade on over 1063 financial instruments in the form of regular cryptocurrencies, crypto futures, options and derivatives. Huboi Earn, allows users to participate in high yield saving opportunities including crypto staking, yield farming and crypto lending with up to 50% APY.

With a base trading fee of 0,20% on most crypto assets, Huobi is among the cheapest crypto exchanges in the industry. Fees can be further reduced by up to 65% by holding the exchange’s native tokens (HT). Users can trade with up to 200:1 maximum leverage.

With multiple order types (market, limit and stop limit orders), support for advanced trading styles (automated trading, margin trading, bot implementation) and professional grade charting tools (chart index, market charts and order book), Huboi is an exchange to be considered by advanced traders.

Read the full Huobi review

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Binance – Best For Availability of Assets

With a spot trading volume of 490,000.00 (for BTC), Binance is the world’s largest and most commonly used crypto exchange. Users have access to over 600 different cryptocurrencies and other financial instruments including crypto futures, options, derivatives and NFTs, all with up to 125x leverage. Their deep liquidity ensures users fast and reliable trade execution even on high volume trades and across all cryptocurrencies.

The Binance P2P platform in combination with the Binance Earn allow users access to passive income options through:

• Crypto staking
• Liquidity farming
• Crypto mining
• High-yield crypto savings accounts
• Automated market makers (AMMs)

The trading platform is available on multiple devices (web, desktop and mobile version) and offers casual to advanced, order types (stop, limit, stop-limit market and trailing orders) different trading views and a great selection of trading tools (moving averages, real time charting).

Binance trading fees rage from 0.08 – 0.10% maker/taker and can be further reduced by holding BNB tokens or by taking part in the Binance VIP Program. They don’t charge any deposit or withdrawal fees, which makes Binance overall trading costs among the lowest in the industry.

Although Binance has received in-principle approval to operate in the Abu Dhabi Global Market (ADGM) from the Financial Services Regulator Authority (FSRA) of Abu Dhabi, it still remains an unregulated exchange.

Read the full Binance UAE review

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ByBit – Best Mobile Crypto Trading Platform in UAE

Established in 2018, ByBit is a crypto derivatives exchange that allows users to trade with up to 100:1 leverage on a wide range of different trading pairs (BTC/USDT, BTC/USD, XRP/USD). With a intuitively designed mobile app, access to various different order types (market, limit, stop loss and advanced order types) and fast trade execution (100,000 transactions/second) it is an interesting choice for mobile traders at all levels.

The ByBit app is intuitively designed, very responsive and offers the same trading tools, charts, and conditional orders as the desktop version.

ByBit users have access to a variety of passive income options with high APYs including:

• Crypto staking
• Liquidity mining
• Dual asset farming
• DeFi mining

Their platforms supports 50 cryptocurrencies, 20+ fiat currencies, NFTs and ICOs. Users can start out with a free demo account filled with $100,000 in virtual money to test their trading strategy or familiarise with the platform.

With a 0.075% taker fee on all traders, a 0.06% net platform trading fee and 0.02% funding fee, ByBit is among the cheapest exchanges in the industry to trade cryptocurrency with.

Read the full ByBit review

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How To Pick The Right Cryptocurrency Exchange in UAE?

Some of the best exchanges to buy cryptocurrencies in UAE are eToro, OKX, Huobi, Binance and Bybit.

We have compared 154 exchanges in 8 different categories to help you make an informed decision. Below is a detailed comparison of the best crypto trading platforms in UAE across all the categories tested:

*Safety Risks For UAE Citizens

A trustworthy cryptocurrency exchange for UAE citizens is government-regulated and has a trading licence. Larger exchanges have a banking history.

How Is Cryptocurrency Trading Regulated in UAE

The legislation of cryptocurrency trading in UAE is split between three main financial authorities, which are overseen by the Central Bank of UAE:

1. Financial Services Regulatory Authority (ADGM)
2. Securities and Commodities Authority (SCA)
3. Dubai Financial Services Agency (DFSA)

In order for an crypto exchange to be legally operating in the UAE, it needs to have a valid licence from either of the listed regulatory authorities.

Tips For Beginners

If you are just starting out with crypto trading, there are a few things to consider before signing up with with a crypto exchange.

Start Investing in Stable Coins

The crypto market is highly volatile and a few mistakes can hurt your finances. Make sure you start trading with alt-coins (Bitcoin, Ethereum, Ripple) which have proven to be more stable and receptive for beginners mistakes.

Use a Free Demo Account to Get Started

Always start with a trading platform that offers a free demo account. This allows you to get a feel for the platform, the trading dashboard and to test your trading strategy before investing real money.

Make Use Of Copy Trading

Picking the right cryptocurrencies and the right trades is crucial to your financial success. Copy trading enables you to copy portfolios and trades from seasoned investors based on their past performance, instead of picking them on your own.

Avoid Leveraged Positions

All fo the recommended exchanges offer trading with leverage to a different extend. As promising as it sounds to trade with borrowed money, its is a double-edged sword and nothing that unexperienced traders should make use of.

Conclusion

This analysis of 154 exchanges available in UAE and their comparison across 8 categories, should be considered as a guide for you to choose the best crypto exchange in UAE. Keep in mind to do your own research and to consider your preferences before signing up. Remember that you can always start with a demo account to practice and see if the broker is a good fit before opening a live account.

Braden Chase

Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.

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