How To Buy Cryptocurrency in Dubai and UAE
Description
To buy cryptocurrency in UAE, you can follow the below steps:
1. Start a trading account
The first thing you need to do is register with a cryptocurrency exchange or broker and open a trading account. Some of the best brokers for buying cryptocurrency in the UAE are eToro, AVAtrade, IQ option and Saxo Bank. You can also open a trading account with cryptocurrency exchanges like Coinbase, Kraken, etc.
2. Deposit money
Once your trading account is verified, the next step is to deposit money into the account. You can either do direct bank transfers or use credit cards, virtual cards or debit cards.
3. Buy cryptocurrency
The money you deposited into the account may take about three days to reflect. When it’s done, you are ready to buy cryptocurrency. You can buy cryptocurrencies depending on your purpose and what the broker or exchange is offering. You can either buy a whole coin or portions of coins.
4. Store cryptocurrency
After buying cryptocurrency, you need to store it safely, protecting it from theft and loss. By storing your cryptocurrency on an e-wallet, which can be hardware-based or web-based, with a private key, you can be assured of keeping your crypto purchase safe.
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