The financial landscape has been completely transformed by cryptocurrency and the United Arab Emirates (UAE) is not only adapting to this new digital era but is also leading the pathway of crypto exchanges for the world to learn. In 2024, the UAE’s cryptocurrency sector has hugely expanded and several exchanges are meeting the wide range of demands of the traders. This article will examine the top ten cryptocurrency exchanges that are the most popular in the UAE crypto exchange.
2024 Top 10 Crypto Exchanges in UAE
Binance
Binance | |
Owner | Changpeng Zhao (also known as CZ) |
Founded In | July 2017 |
Pros | Traders can easily buy or sell their assets |
Cons | Customer Support, Security Concerns |
Binance is not something novel in the world of cryptocurrency. it lets you trade in over 500 cryptocurrencies across 180 countries globally. It has an exchange trade of over $10 billion every day. Binance information reveals that Binance has the largest exchanges in registered users and volumes of trade. It has the lowest fee for trading as the spot trading fee starts from 0.1%. the exchange of cryptocurrency does not require any fee of deposit which makes it the best choice for individuals with cash in the United Arab Emirates.
MEXC Global
MEXC Global | |
Owner | Jeffrey Huang |
Founded In | 2018 |
Pros | Wide Range of Assets, Staking and DeFi Opportunities |
Cons | Security Concerns |
MEXC Global can be seen as the leading cryptocurrency platform for trading. it has almost 10 million users worldwide. It supports a large number of Crypto Exchanges, with tokens of more than 1700 and also more than 2600 trading pairs. It operates on a centralized exchange and provides a user-friendly trading space that helps in exchanging various cryptocurrencies. In MEXC users can participate in spot trading making buying and selling easy. Furthermore, there is leveraged trading that increases its flexibility, also, its program of staking helps users earn rewards when they participate in the operations of the network. It has 0% trading fees for its users.
Plus500
Plus500 | |
Owner | Owned by Plus500 Ltd |
Founded In | 2008 |
Pros | Regulated Broker, Risk Management Tools |
Cons | Security Concerns |
Plus500 is known for being a trustworthy and reliable broker of the cryptocurrency market. It has a technologically advanced platform that has access to more than 2800 instruments like CFDs on forex, commodities, cryptocurrencies, and stocks. It has zero commission and makes money through Bid/Ask spread. and tight spreads which start from 0.01% or 0.9 pips and change depending on the instrument in use. Furthermore, there is a fee for overnight funding but it depends on the size of the trade and make sure to stop orders that add 10% of minimum to the spread. All this is based on the comparison of more than 60 brokers and top platforms.
AvaTrade
AvaTrade | |
Owner | Owned by Ava Trade Ltd |
Founded In | 2006 |
Pros | Regulated Broker, Educational Resources: |
Cons | Limited Cryptocurrency Selection |
AvaTrade has a very innovative platform of software for anyone who is a professional trader. AvaTrade came into existence in 2006 and is mostly used in Europe, Japan, Australia, UAE, and SA. It is a CFD broker where one can trade for more than 800 markets like stocks, forex, commodities, ETFs, bonds, and crypto. It is linked with trading software like Meta Trader 4 and 5. It has a mobile application that won an award. Its stock spread is from 0.13 and its forex spread starts at 0.7 pips.
Skilling
Skilling | |
Owner | Owned by Skilling Ltd |
Founded In | 2016 |
Pros | Regulated Broker, User-Friendly Platform |
Cons | Limited Cryptocurrency Selection, Limited Research Tools |
Skilling is an easy-access platform for trading for beginners. Skilling can trade almost 55 cryptocurrencies and the system is very easy to use on mobile applications and desktops. One of the most appreciated features is its TradingView compatibility, in which one can utilize the ideas of trading and send them directly to the trading account. It increases the accessibility of many other trading platforms which makes it feasible for trade from phone and browser. Skilling has a fee for the maker and taker on all cryptocurrency trading activities of 0.15.
Admirals
Admirals | |
Owner | Operated by Admiral Markets Group |
Founded In | 2001 |
Pros | Regulated Broker, Wide Range of Tradable Assets |
Cons | Limited Cryptocurrency Selection, Spreads and Fees |
In admirals, users can invest as low as €1in more than 8000 assets. The commission for all traders is free but they have to pay through their spreads. The spreads start from 0 pips on well-known assets but may differ and possibly be higher for other instruments. The investment stocking has a 0.1% volume fee. Admirals are the best platform for investment with thousands of stocks, leading pairs of forexes, and hundreds of ETFs.
Bitstamp
Bitstamp | |
Owner | Owned by Bitstamp Ltd |
Founded In | 2011 |
Pros | Longevity and Reputation, High Liquidity |
Cons | Limited Payment Options |
Bitstamp is well known for maintaining leading performance for more than a decade. It offers trading for more than 75 cryptocurrencies like BTC, ETH, and LTC but staking is available on ETH and Algorand. It came into existence in 2011, it is designed for institutional traders and has an uptime of 100%. It can store up to 95% of assets in its cold storage and very low fees so that traders with high volumes can get the best rates. In Bitstamp there are no fees for trading if the trade is less than $1000 for one month but above that will be 0.4%, along with 15% charges for stacking.
OKX – Best Customer Asset
OKX – Best Customer Support | |
Owner | OKX is owned by OK Group |
Founded In | 2017 |
Pros | Multilingual Support, High Liquidity |
Cons | Limited Payment Options |
OKX is known for being the best exchange of crypto exchanges trading as it offers web3 services to its users globally. it is suitable for both old and new users. It has a very low fee for trading which starts at 0.1% with lots of discounts. OKX provides more than 40 decentralized networks and an innovative portfolio of Web3 for proper tracking of all transactions. If traders want to build an OKX wallet they need to incorporate SDKs and APIs to build it. It also allows users to create their NFTs over 11 networks with no cost on the platform of OKX NFT which is a luxurious platform with all the needed tools and instruments.
Coinbase
Coinbase | |
Owner | Brian Armstrong and Fred Ehrsam |
Founded In | 2012 |
Pros | Regulated and Secure, Mobile App |
Cons | Higher Fees |
Coinbase is known for being the best exchange of cryptocurrency for novel users in the United Arab Emirates. But it also offers many innovative tools for trading for experienced traders. Coinbase is available in more than 100 countries and can support more than 100 cryptocurrencies. It is globally known for being safe and secure with ample of liquidity options and trading limits. The option for mobile wallet is only for Android and Apple users.
Kraken
Kraken | |
Owner | Owned by Payward |
Founded In | 2011 |
Pros | Security, Wide Range of Cryptocurrencies |
Cons | Complex Interface, Fees |
Kraken is known as the leading exchange of crypto trading in the United Arab Emirates. It provides the best features for safety and options for funding. The fee structure of Kraken is very simple, it charges only a 0.9% fee on stablecoins and 1.5% on other cryptocurrencies or FX pairs. The processing fee for digital wallet and card payments is fixed at 3.75% and more than 0.25 USD/EUR. The online banking fee or ACH is fixed at 0.5%. Furthermore, they have 24/7 customer services, staking opportunities, OTC, margin trading, and more. They also accept debit card and credit card payments.