Digital currencies have come a long way since the inception of Bitcoin back in 2009. In the Middle East and North Africa (MENA) region, the United Arab Emirates (UAE) has been the leader in taking the initiative and encouraging the development and growth of new technologies in the financial technology (Fintech) and blockchain sectors.
At BitOasis, we are proud to be the first and leading digital currency exchange in the MENA region. With us, it has never been easier and more secure to enter the world of blockchain.
If you are a user who wants to buy Bitcoin in UAE, BitOasis is your trusted platform. Operating in the region since 2015 and headquartered in the UAE, our platform allows UAE residents and citizens to buy, sell and trade Bitcoin, along with 12 other cryptocurrencies safely and securely.
Below are the three simple steps you need to follow in order to buy Bitcoin.
1. Sign Up on BitOasis
- The first thing you need to do is sign up on our platform. Simply provide your email address, your name as well as a password.
- Next, you will be asked to provide your phone number to complete the registration. The phone number is what you will use to confirm your logins, transactions and account changes, so please ensure you provide us with a valid mobile number.
- Congratulations, you now have a BitOasis account
2. Verify Your Account
After successfully creating your account, you will need to proceed with verifying your account in order to start buying, selling and trading Bitcoin. The verification process is necessary for compliance and local/international regulatory purposes.
- Visit the verification page to start the process. to begin the process. You will be introduced to three different levels of verification that you can choose from based on your requirements; Tier 1, Tier 2 and Tier 3. Each tier has a different set of documentation and information required from you, as well as a different weekly UAE Dirham (AED) deposit and withdrawal limit.
- Select the verification Tier you would like to proceed with based on your requirements. You will be shown a list of documents that we require from your side in order to proceed with verifying your account.
Verifications are usually processed immediately for Tier 1 and take 24-48 hours for Tier 2 and 3.
3. Deposit AED and Buy Bitcoin
Once your account is verified, you are now eligible to buy, sell and trade Bitcoin. In order to perform a transaction, you first need to deposit AED into your account.
- Depositing AED to your BitOasis account has never been easier, simply visit the AED deposit page and follow the steps to deposit the desired amount through your Credit/Debit card
- Once the transaction is successful, you will be able to see the deposited AED amount on your Dashboard
Now that you have AED in your account, you can buy Bitcoin along with the many other currencies we support. Two options are always available for you whenever you want:
Buying Bitcoin Through BitOasis Core
BitOasis Core is the easiest and most convenient way to buy and sell Bitcoin (BTC) or any other digital asset we support. In order to buy Bitcoin through BitOasis Core, please follow the below steps:
- Visit the BitOasis Core Page
- Select the digital asset pair you want to transact in
- After that, enter the desired amount in AED or in Bitcoin
- Hit the Buy Button!
Buying Bitcoin Through BitOasis Pro
BitOasis Pro is designed for users who want to trade Bitcoin. Users on the Pro platform can enjoy advanced trading features like trading charts in addition to more types of orders, such as market orders, limit orders, stop orders and stop limit orders. In order to trade Bitcoin through BitOasis Pro, please follow the below steps:
BitOasis Pro is designed for users who want to enjoy advanced trading features like trading charts in addition to more types of orders. We will talk about the quickest way to buy in this article.
- Go to the BitOasis Pro page
- Select the trading pair you want to transact in through the drop-down menu on the top left
- Select “Market Order” as the type of order
- After that, enter the amount of Bitcoin you want to buy
- Hit the buy button!
For more information on BitOasis PRO, including the different order types and how to place a trade, please visit our BitOasis PRO guide.