Ethereum is the second most popular cryptocurrency, and it completely changed the crypto world by introducing its smart contract technology. However, it is essential to know how to be safe when buying currency before committing to it, which is why we created this handy guide on how to buy ETH in the UAE.
You can legally buy ETH in the UAE, but you need to find a reliable broker or crypto exchange. On the following list, you are going to find our top best crypto exchanges for buying ETH in the UAE. Keep reading to find out.
- 1 Best Exchanges to Buy Ethereum (ETH) in the UAE
- 2 Using eToro in the UAE
- 3 How to Buy Ethereum (ETH) Using eToro
- 4 eToro Pros
- 5 eToro Cons
- 6 Using Alvexo in the UAE
- 7 How to Buy Ethereum (ETH) Using Alvexo
- 8 Alvexo Pros
- 9 Alvexo Cons
- 10 Using Libertex in the UAE
- 11 How to Buy Ethereum (ETH) Using Libertex
- 12 Libertex Pros
- 13 Libertex Cons
- 14 Using Binance in the UAE
- 15 How to Buy Ethereum (ETH) Using Binance
- 16 Binance Pros
- 17 Binance Cons
- 18 Conclusion
Best Exchanges to Buy Ethereum (ETH) in the UAE
The following platforms were chosen due to their great variety of cryptocurrencies and strong security protocols. Moreover, they are extremely popular among UAE users who wish to trade fast and safely.
Using eToro in the UAE
If you’ve been wondering which is the best place to buy ETH in the UAE, the answer is eToro. It has fantastic features such as no commission trades, a demo version, and an incredibly intuitive interface. Therefore, it is the best trading platform for all types of traders.
How to Buy Ethereum (ETH) Using eToro
In order to buy ETH using eToro, you need to make sure to follow these simple steps. However, this platform is super easy to use, so you aren’t going to have any problems when buying any cryptocurrency.
Step 1 - Create and Verify the Account
The first step to buying ETH with eToro is to create an account. You can do this by going to its website and filling out the registration form with your personal data. After you submit your data, you are going to receive a call from an account manager who is going to ask you to provide a legal document and a selfie to verify your account.
Step 2 - Fund the Account
Then, you need to choose a payment method to fund your account. You can use several payment options, but we recommend you think this through and only invest the money you can afford to lose.
Step 3 - Buy ETH
Finally, the last step is to go to eToro’s live trading section and search for ETH. It may show you all sorts of statistics about its current market behavior for you to analyze whether it is a good investment or not. Still, you must click on it and select how much you want to buy.
- It features a low minimum deposit
- This platform is super beginner-friendly
- It has a mobile app
- Some of its tools are outdated
- The verification process is a bit slow
Using Alvexo in the UAE
Alvexo has several hundreds of thousands of users, and its popularity is due to the great variety of crypto assets it features. You can use this platform to trade cryptocurrencies, forex, stocks, and many more assets. It is sure to deliver a fantastic experience and train new traders to become high-performers in no time.
How to Buy Ethereum (ETH) Using Alvexo
Buying ETH with Alvexo is pretty easy, as you only need to follow these three simple steps. Moreover, its user-friendly interface and fast transactions may give you one of your best trading experiences.
Step 1 - Sign-up and Verify the Account
The first thing you need to do is complete the sign-up process. Once you submit all your data, you must go to your profile and fill out all the empty fields to finish the KYC verification process. Moreover, you must also send your ID and proof of address.
Step 2 - Deposit Funds
Now you can go to the “deposit funds” area and select how much you want to deposit. The minimum deposit may change depending on your type of account, but keep in mind the lowest you can go is $500.
Step 3 - Start Trading
Once your deposit is confirmed, you can start trading on the platform. Now you must go to the live trading section and select ETH. Then, you need to choose how much you want to buy and execute the transaction.
- It lacks commission fees
- Many trading features are available
- It is constantly being updated
- The minimum deposit is pretty high
- It features an inactivity fee
Using Libertex in the UAE
It doesn’t matter if you’re a new or an experienced trader. If you want to buy cryptocurrencies, the chances are that you want to find the best possible deals. In that case, you can’t miss the great options Libertex has for you.
Libertex features incredibly low spreads and fees, which is fantastic for crypto traders who want to buy ETH at the best possible price.
How to Buy Ethereum (ETH) Using Libertex
If you’re interested in buying ETH with Libertex, the best thing you can do is follow these simple steps to make the process much faster and easier.
Step 1 - Sign-up
The first step is to sign-up for the platform. You can do this by going to Libertex’s website and searching for its registration survey, which may ask you to provide your email, full name, and phone number. Moreover, you also need to verify your information, which may take a bit longer as all data needs to be manually verified.
Step 2 - Fund the Account
Then, you need to choose your preferred payment method to fund your account with the money you’re going to use to buy ETH once you begin trading.
Step 3 - Buy ETH
Finally, once your transaction is executed, you must search through all the assets available on the platform until you find ETH. Then, you can click on it and choose how much you want to buy.
- Several payment methods are available
- Its platform is super user-friendly
- You can test your strategies in its demo version
- Its customer support is pretty slow and limited
- New traders may face a slight learning curve
Using Binance in the UAE
Binance is probably the most popular exchange platform in the world, as it has more than 100,000,000 users, which makes it one of the most dynamic platforms out there.
It features hundreds of crypto assets for its users to trade with, including ETH, making it one of the best platforms to buy ETH in the UAE.
How to Buy Ethereum (ETH) Using Binance
If Binance caught your attention and you want to buy ETH with it, please make sure to properly understand the following steps.
Step 1 - Create an Account
Creating an account on Binance is extremely easy. However, you need to make sure all the information you provide is correct, as all of it is going to be manually verified before allowing you to trade on the platform. You may be asked to provide your name, location, email address, and ID.
Step 2 - Buy ETH
Then, you can go to the “Buy Crypto” area, where you may find all the available options, including ETH. Once you find it, you can select how much you want to buy and execute the transaction.
Step 3 - Store It
Finally, once you confirm your purchase, you need to link a secure digital wallet to your account and transfer your ETH. Otherwise, your coins might be vulnerable to being stolen.
- It has an intuitive interface
- The fees are pretty low
- Its customer service is fantastic
- The verification of the account can be slow
- It isn't available for American users
Now you know everything you need to know to buy ETH in UAE. Therefore, all that’s left to do is start trading with one of the previously mentioned platforms. Become the next top-performing trader today!
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