Top Crypto Trading Platforms in UAE

Below you can find a detailed overview of the Best Five Crypto Exchanges in the UAE. Our methodology to rank these platforms is based on a variety of key factors such as the supported features, fee schedule, regulatory compliance, user experience, customer support options, and much more.

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1. Rain - Best Overall Crypto Exchange in the UAE

Rain is the most secure and trusted Crypto exchange in the UAE. The platform is based in Bahrain but offers its services to most Middle Eastern countries including the United Arab Emirates. It is an Abu Dhabi Global Market licensed exchange that is also regulated by the Central Bank of Bahrain (CBB). Rain is the only exchange globally that offers 0% on both deposit and trading fees.

• Fees: There are no deposit or trading fees on Rain, withdrawals are $15 per transaction.
• Supported Cryptos: 100+ Cryptocurrencies.
• Regulation & Licensing: Licensed by the ADGM and regulated by the CBB.
• Customer Support Options: 24/7 support via live chat, email, phone & social media.
• AED Deposit Methods: Bank Transfer, Debit Card, Credit Card, Fawri, Easy Deposit & Fawri+.

2. OKX - Best Alternative Crypto Exchange

OKX is a global Crypto exchange that is based in Seychelles but is available to use in the UAE. It is a feature-rich platform that offers multiple order types including margin, futures, spot, and options trading. In addition, OKX has an NFT marketplace, Crypto staking, lending & borrowing, plus much more. It also provides complete transparency in its holdings by providing proof of reserves showing users' funds are held 1:1.

• Fees: Deposits & withdrawals are free. 0% maker fees & 0.2% taker fees with variable spreads depending on the token.
• Supported Cryptos: 300+ Cryptocurrencies.
• Regulation & Licensing: Regulated by the Dubai Virtual Assets Regulatory Authority (VARA).
• Customer Support Options: 24/7 support via live chat, email & social media.
• AED Deposit Methods: Bank Transfer, Debit Card, Credit Card, Skrill, Wise, FasterPay, Neteller, Zen, ADIB & Revolut.

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3. Uphold - Best High-Security Crypto Exchange

Uphold is widely regarded to be the most secure trading platform in the world and is supported in over 150 countries including the UAE. It is the only exchange globally that provides regularly audited proof of reserves and is considered the most transparent and trustworthy platform available. Uphold offers staking and a Crypto card that allows you to spend hundreds of tokens.

• Fees: Free withdrawals and deposits on all methods except card deposits, which are subject to a 2.49% fee. Crypto trading fees vary between 0.8% - 1.2%.
• Supported Cryptos: 250+ Cryptocurrencies.
• Regulation & Licensing: Regulated by the FinCEN and licensed to operate in the UAE.
• Customer Support Options: 24/7 support via live chat, email, phone, and social media.
• AED Deposit Methods: Credit/Debit Card, Google Pay & Apple Pay.

4. Bybit - Best Non-KYC Crypto Exchange

Bybit is the most popular derivatives trading platform globally and offers up to 100x leverage on futures contracts. It has over 10 million users in 180+ countries and does not require KYC (identity verification) to buy or sell tokens. It offers the most features out of all the exchanges on this list including 7 trading types, 8 staking options, an NFT marketplace, and lending and borrowing services.

• Fees: Deposits and withdrawals are free. The spot trading fee is 0.1% and the maker/taker rebate is 0.01%/0.06%.
• Supported Cryptos: 400+ Cryptocurrencies.
• Regulation & Licensing: Not regulated in any country (hence no KYC) but can legally operate in the UAE.
• Customer Support Options: 24/7 support via live chat, email, and social media.
• AED Deposit Methods: Bank Transfer, Debit Card, Credit Card & Google Pay.

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5. Binance - Best Global Crypto Exchange

Binance is the largest Crypto exchange in the world with an impressive 120+ million users in over 100 countries including the UAE. The platform offers a variety of features including spot & derivatives trading, Crypto staking, lending & borrowing services, an NFT marketplace, a P2P marketplace, a Crypto card, leveraged tokens, and much more.

• Fees: Deposits are free and withdrawals are subject to a small fee. The spot trading fee is 0.1% and the maker/rebate is 0.02%/0.07%.
• Supported Cryptos: 350+ Cryptocurrencies.
• Regulation & Licensing: Licensed with the Abu Dhabi Global Market (ADGM).
• Customer Support Options: 24/7 support via live chat, email, and social media.
• AED Deposit Methods: Apple Pay, Debit Card, Credit Card & Google Pay.

Is Crypto Investing Legal in the UAE?

Crypto investing in the United Arab Emirates (UAE) is considered legal. The UAE government has taken steps to regulate and legitimize the crypto industry, such as the creation of the Abu Dhabi Global Market (ADGM) Digital Asset framework. However, it's important to note that crypto regulations can vary by emirate, so it's recommended to check the specific laws in your area before investing.

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Is Dubai Investing in Crypto?

Dubai has shown an interest in investing in cryptocurrency and blockchain technology. The government has been actively exploring the use of blockchain for various industries, such as real estate, finance, and energy, with initiatives such as the Dubai Blockchain Strategy and the Dubai Global Blockchain Council.

Additionally, the Dubai International Financial Centre (DIFC), an independent free-zone in Dubai, has established a regulatory framework for cryptocurrencies and has attracted several crypto and blockchain companies to set up in the DIFC. These initiatives indicate that Dubai is open to investing in and exploring the potential benefits of cryptocurrency and blockchain technology.

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Bottom Line

Cryptocurrency trading has become increasingly popular in the United Arab Emirates over the past few years with more people looking for ways to diversify their portfolios or take advantage of the significant price changes in digital assets such as Bitcoin and Ethereum. The United Arab Emirates is one of the most crypto-friendly countries in the world due to its open stance towards digital assets.

When trading Crypto, the best way to do so is by going through the Rain exchange. It is the most secure and trusted platform for Emirati investors and the only one to offer absolutely zero fees to invest in digital assets.