Bitoasis is dedicated to serving UAE citizens. BitOasis is both a broker and an exchange for cryptocurrency. It is compatible with Litecoin, Ethereum, Bitcoin Cash, Ripple, and Bitcoin. BitOasis offers traders of all skill levels useful tools. For traders who make purchases using AED, there are minimal fees. Users are able to deposit funds using fiat currency from six different countries. 

• It is committed to the UAE trading community.
• Trading in AED is economic as compared to US dollars.
• Withdrawing funds from Bitoasis is simple.

CoinMENA is a fully licensed cryptocurrency exchange. Despite being a new player in the industry, it holds great ambitions in the Gulf region of expanding their business fast by adding new coins to their portfolio, new features, and new countries. It has all the latest trading features, demo account options, and educational material. It has a copy trading feature, an advanced trading app, and easy account opening. 

• It is the only regulated exchange that has a license from Central Bank of Bahrain.
• It has a bilingual customer support.

Binance holds the position of the most widely-used cryptocurrency exchange in the world, including the UAE. The reason for its popularity is basically due its impeccable services and its brilliant customer support. The platform offers various strategies to the professional traders to reap maximum returns from their investments. 

There are almost all major assets included in Binance. Additionally, the Binance UI is largely appreciated by traders, making it ideal for pro traders and crypto investors seeking more complex trading tools.

• To verify an account, a selfie photo and some basic account information are needed.
• A 0.5% fee is charged for buy/sell transactions on Binance.
• Traders can begin their trade with 1 AED.

The Abu Dhabi Global Market’s (ADGM) In-Principle Approval has been granted to eToro. The platform does not currently have a physical presence in the UAE. However, the global operational model, it can still provide seamless service to customers there. For first time traders, before beginning the registration and trading processes, it is critical to understand that there are certain charges applied for trading cryptocurrencies. The exchange is regulated by Australian Securities and Investments Commission (ASIC). 

• It allows a maximum leverage of 1:30. ‍
• A 1% fee is charged for buy/sell transactions on eToro.
• Traders can begin their trade with 183 AED.

The platform is registered in the British Virgin Islands and consistently ranks among the largest exchanges when it comes to the volume of trading in 24-hour contracts (the only consistently larger exchange is Binance). Numerous order types, including market, limit, stop loss, conditional orders, and instant buy options, are supported by the ByBit trading platform. The platform is accessible via a web browser and mobile apps for iOS and Android. Users can trade automatically and through copy trades (by integrating bots).

• It has a maximum leverage of 1:100. ‍
• ‍A 0.02% fee is charged for buy/sell transactions on eToro.
• Traders can begin their trade with 1 AED.

Uphold is a multi-asset digital trading platform that was developed online to facilitate cryptocurrency trading. In the UAE, it has obtained a FinCEN license, which makes it one of the top crypto exchanges in the country. Uphold is a worldwide financial services platform that functions as a multi-asset digital money platform. With embedded payments, the platform allows users to trade directly between asset classes and strives to bring about a world where financial services are accessible to all.

• It works with UAE credit and debit cards, Apple Pay, and Google Pay.
• It has a responsive customer support team.

OKX is a trading platform where users can trade 343 spot cryptocurrencies. Leveraged trading, margin borrowing, savings and staking plans, and loans backed by cryptocurrencies are all available on the platform. Through OKX, users can mine cryptocurrency by participating in the OKExChain mining pool. Technical analysis tools such as indicators and dynamic charting are available on the trading platform, which can be customized. Market and limit orders can be placed by traders, and OKX offers comprehensive details regarding open positions. The OKX API allows users to link trading bots.

• The platform has impressive customer support.
• It’s application offers interesting features.
• The traders can trade $500 without uploading KYC.

Kraken is a trustworthy cryptocurrency marketplace for buying and selling cryptocurrencies. Individual and institutional investors find Kraken to be a very good option. It provides safe cryptocurrency depositing services along with a competitive fee schedule. It is among the most established Bitcoin exchanges. It allows the trading of more than fifty different coins at reasonable exchange rates. Kraken offers spot trading and cryptocurrency futures. Expert cryptocurrency enthusiasts utilize Kraken Pro’s advanced margin and futures functionalities. 

• The site allows spot trading and cryptocurrency futures in the United Arab Emirates.
• Its elite active trading platforms and services are appropriate for novice traders.
• It allows margin trading for investors who have a high tolerance for risk.

Coinmama offers a user-friendly platform. For traders purchasing and selling cryptocurrencies, it facilitates speedy transactions. The platform’s user interface is simple and provides accurate cost insights. The pricing packages offered by each available currency are available to account holders. 

• The services offered by the platform are suitable for beginners.
• The bank transfers are seamless with Coinmama.

Conclusion

The best cryptocurrency exchange for your needs will depend on how much cryptocurrency you plan to trade and how you want to trade it. Talking about fees, there are platforms that differentiate between maker and taker fees, so the way your transaction is described will determine the fee you have to pay. By placing new orders, “makers” increase the liquidity of an exchange, while “takers” decrease it by fulfilling already-placed orders. In general, taker fees are higher than maker fees. A withdrawal fee might apply if you take your cryptocurrency out of an exchange. 

Regarding funding and trading, all cryptocurrency exchanges operate in a fundamentally similar manner. Users of cryptocurrency exchanges register for an account, go through identity verification, fund it with fiat money or another cryptocurrency, and then start trading and withdrawing.