Can I Buy Bitcoin in UAE?
On Dec 09, 2020
Bitcoin (BTC), the highest currency by market cap, broke records in a row in 2020. Through Coinsfera, you can buy Bitcoin in UAE with cash very so smoothly.
Bitcoin is accepted and used in the UAE as well as in other countries. During the Covid-19 pandemic, the increasing popularity of cryptocurrencies has motivated crypto enthusiasts even more. Now, individuals are looking for the easiest way to buy Bitcoin in these times when the leading cryptocurrency is gaining great value and popularity.
While leading cryptocurrency tried to pass through the $ 20,000 record, it experienced a short decline, according to analysts. If you’re asking, “how can I buy Bitcoin in the UAE” during this period, the answer is simple. You can buy Bitcoin through Coinsfera. The process is very straightforward. Whether you are a UAE citizen or a short-term visitor, you can buy BTC in Dubai quickly and securely through Coinsfera.
How Can I Buy Bitcoin in UAE?
The United Arab Emirates, sometimes called the Emirates, is a sovereign state in Western Asia, located at the eastern end of the Arabian Peninsula. Dubai, where tourism is most vibrant, is the most popular city in the United Arab Emirates. There are several ways to buy bitcoins in Dubai, the most popular city in the UAE. The expansion of the use of bitcoin and blockchain technology in different areas over time has revealed new initiatives in this direction in the country. In the country, the number of crypto money exchanges, OTCs, and ATM points is increasing day by day. Traders only have to do is to find the most suitable method of purchase.
- Online Crypto Exchanges – One way to buy BTC is by using online cryptocurrency exchanges. Exchanges are designed to support cryptocurrency trading. Before buying, users go through an identification process called KYC (Know Your Customer). The KYC verification procedure requires recipient information (proof of identity, proof of address, etc.). Once the verification process is complete, the Bitcoin is transferred to the user’s crypto wallet. But these exchanges can have scam problems. You should carefully consider which exchange you prefer.
- ATMs – Another alternative way to buy Bitcoin in the UAE is via ATM. However, high transaction fees and technical obstacles prevent ATMs from being widely used.
How Can I Buy Bitcoins With Cash in Dubai?
There is a convenient way to buy large amounts of bitcoin in the UAE with cash payment. Being able to buy Bitcoin with cash is the most convenient way for buyers. Coinsfera, operating as an OTC in Dubai since 2015, allows residents and visitors of the United Arab Emirates to instantly exchange bitcoins for cash. The Bitcoinshop offers not only cash but also a credit card payment option too. It supports over 500 cryptocurrencies besides Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH). With Coinsfera, it is so secure to buy bitcoin in the UAE, even if you are not an expert in the world of cryptocurrencies.
If you are in the UAE, you can visit Baniyas Square-14th Rd – Dubai where Coinsfera is located.
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Disclaimer: All information provided in the content is for informational purposes only and should not perceive as investment, financial, or trading advice. Any investment decision you make should be a personal choice based on financial knowledge, experience, and market research.