Platforms to invest in cryptocurrencies UAE 2022
          

Platforms to invest in cryptocurrencies UAE 2022

Leading reputable cryptocurrency platforms

There are many reasons to enter the world of digital currencies. Either because you want to invest in a promising asset or because you need a wallet for your payments. In any case, it is important to know the cryptocurrency platforms with good reputation in order to choose the most favorable one.

Below you will find information on some of the most important ones currently available. We hope this will help you find the right offer for you.

Which cryptocurrency platform should I choose?

Competition between numerous cryptocurrency platforms can make it difficult to decide which platform to use. Therefore, we have compiled information about each of them below.

Binance

The best platform for cryptocurrency exchange. Binance is probably the largest digital currency trading platform in the world. It has been operating since 2017 and is registered in the Cayman Islands. Its founder, Changpeng Zao, is a programmer who previously developed software for high-frequency trading. He is the creator of Binance Coin (BNB) Token in 2017 and Binance Smart Chain in 2020, the latter of which works through a staked authority test that combines a prediction test and an authority test. In 2021, Binance Coin was the cryptocurrency with the third largest capitalization in the cryptocurrency market:

  • It has cryptocurrencies to trade like Binance, Shiba Inu, Solana, Ethereum, Polkadot, Bitcoin and others.
  • They use big data systems and artificial intelligence technologies to prevent attacks, as well as partnerships with e-security companies.
  • Offers Trust Wallet, which can be downloaded from digital stores App Store, Google Play, Android, macOS, Windows Mobile, Linux deb and Linux rpm.
  • Your commission is 0.9% for every transaction, be it buying or selling cryptocurrency.
  • You have enabled payment by debit, credit, bank transfer and individual (P2P).
  • Has a mobile application that allows you to carry out transactions of sale and purchase, and its own authentication system.

Bitfinex

It was founded in 2012 in the Virgin Islands by iFinex Inc. It is based in Hong Kong and initially only engaged in P2P margin lending for Bitcoin. It is an advanced service that has been in the market for some time. It offers a suitable exchange space for experienced traders. It also offers hedging and lending. In addition, it trades derivative contracts that offer more room for speculation:

  • It accepts as payment fiat currencies such as dollars, euros, British pounds, Japanese yen and the renminbi. It also allows you to make payments with cryptocurrencies.
  • Contains the Exchange Wallets, Margin Wallets and Funding wallets available for fund exchanges, long, short and leveraged trades, and to provide funding margins.
  • In its portfolio of operations it has Bitcoin, Ethereum, Tether, Polkadot, Luna, Ripple, Solana, Tron or Litecoin.
  • Offers an application for smartphones that can be downloaded from Google Playstore and from the AppStore. It allows you to carry out buying and selling operations with agility.
  • It requires a charge of around 0.0750%, 0.0200%, 0.100% according to the type of operations carried out.
  • It has a two-step or 2FA authentication system, a universal second factor, and advanced API key permissions.

Bitmex

In this case, it is a platform for trading digital currencies and derivatives. It is a company owned by HDR Global Trading Limited, which is registered in the Seychelles. Arthur Hayes founded it in 2014 together with Samuel Reed and Ben Delo. In 2016, the business portfolio was expanded to include perpetual futures, a popular derivatives product. It can also handle complex APIs and offers an industry-leading level of security:

  • Your charge is a fee of 0.05% on all your products and the Maker Rebate of 0.01% on all your contracts.
  • You have a hot wallet that is not in the hands of either party and deep cold storage is employed for most funds.
  • They use a complex method that protects the virtual wallet, and that maintains a continuous surveillance of its system.
  • Trading with Bitcoin, Ethereum, Onda, Dogecoin and Cardano, among others, is enabled.
  • To operate from a mobile phone, you have to download its application available for iOS in the Apple Applications store or from Google Play for Android.
  • They only accept payments and withdrawals in Bitcoin.

Bitpanda

It is a company that was founded in 2014 in Vienna, Austria. It started with an affordable investment service, but over time they have developed a range of simple and easy to use financial products. It now has 600 team members and over 3 million users. It has a PSD2 service provider license, advanced security and offers a great user experience. It enables the trading of more than 100 digital assets and automates regular investments with savings plans:

  • Accept credit and debit cards, along with bank transfers, or virtual wallets.
  • Charge 0.05% maker / taker commissions. If the volumes are large, the amount is less.
  • It has in its service the possibility of trading with Polkadot, Cardano, Chainlink, Ethereum, Bitcoin, and Avalancher.
  • Works with AML5 services, under strict security, protection and code encryption certificates.
  • Offers a credit guarded in offline wallets.

Bittrex

This service operates as a digital asset business in accordance with the business plan submitted to the Authority under the Digital Assets Act 2018. It provides a venue for buying, selling and storing cryptocurrencies. It is based in Liechtenstein and Bermuda. It runs on the most advanced Bittrex technology provided by Bittrex Global. It has its own trading engine with scalable features that ensures real-time order execution:

  • It is possible to make payments with international credit cards such as Visa or MasterCard.
  • Offers the Bittrex Global application that works for Android and iOS, special for mobile devices.
  • Contributes to a hosted web wallet for crypto asset exchange that keeps wallets cold, hot and manages the transfer of funds securely.
  • Its platform trades with Tether, Jasmy, Ethereum and Bitcoin, among others.
  • It has an SSL encryption system, and with two-step authentication procedures.
  • Rates range from 0.05% to 0.75% depending on the volume of the operation. Each transaction is calculated based on the amount traded, the purchase price and the rate.

Coinbase

It is probably one of the most popular platforms. It is the largest service in the world and the platform of choice for those entering the e-currency market. It has more than 68 million verified users and is present in more than 100 countries. The company has a complete structure with more than 2,100 employees. It offers a secure way to participate in the digital asset market:

  • Works under U.S. regulation. Securities and Exchange Commission. It also offers the creation of vaults or vaults that provide additional money protection.
  • Includes a mobile application that is downloaded for free from Androd or iOS.
  • It offers secure access to its platform to carry out purchase and sale transactions and also works as a digital wallet.
  • You can pay with internationally valid credit cards, virtual wallets or bank transfer.
  • Its service has XRP, Litecoin, Ethereum, Bitcoin and Bitcoin cash, which are some of its 16 cryptocurrencies.
  • Your fee is 1.49% for the purchase of cryptocurrencies and 1% for the sale.

Coinmama

It is a financial platform that allows the purchase of digital currencies with total security. Since 2013 it offers a growing, customer-centric and powerful service. It allows individuals and companies to buy bitcoin and other altcoins in more than 188 countries. It has more than 3,000,000 users. The company is headquartered in Dublin, Ireland. It offers a strategic platform that focuses on making transactions easy for users. This is complemented by a very competitive rate in the market:

  • It has the cryptocurrencies Bitcoin, Uniswap, Dogecoin, Bitcoin Cash, Cardano, Ethereum, Ripple, Litecoin, Tezos, and Chainlink.
  • Coinmama's market rate is based on XBX + 2%. Added to this is 3.90% in purchase operations and 0.9% in sales operations.
  • Maintains a good reputation for security thanks to its advanced encryption and constant fraud prevention activity.
  • You do not have a wallet, you only send the coins to a specified address. The logs can be followed to find out the address to which they are being sent or to confirm a payment.
  • You can operate with credit, debit or bank transfer cards.

HitBTC

It is a cryptocurrency exchange that has been operating since 2013. It offers a refund system, state-of-the-art technology in its search engines, advanced APIs and more than 500 instruments available to users. It has a reliable, efficient and very resilient structure. It offers good data security, a price widget and metrics on system performance and availability, including real-time trading:

  • It works through its mobile application, with advanced features.
  • For its services, it collects a percentage that varies with the cryptocurrency traded, which can range from 0.021% to 0.057%.
  • Regarding the means of payment, it works exclusively with cryptocurrencies.
  • It can be traded with Bitcoin, XMR, Ethereum, Litecoin, Ripple, Bitcoin Cash, Dash and Zcash.
  • It has advanced encryption, with 2 verification steps and offline storage.

Kraken

This is one of the most important sites for cryptocurrency trading. It offers a very efficient service, low interest rates and efficient, complete and accessible financing alternatives. It has been in continuous operation since 2011. It was founded by Jesse Powell. It has explanatory guides, videos and podcasts for beginners in cryptocurrency trading. It also works with investment banks, investment funds and independent trading companies:

  • The cost of its service is 0.9% for operations with any currency and 1.5% for any pair of cryptocurrencies or currencies.
  • Cryptocurrencies are kept in what is called a cold wallet, which is specially protected.
  • Offers advanced options such as secure coin storage, 24-hour security, information monitoring and control, along with testing your own system to prevent unwanted penetration.
  • Its application is available for Android in Google Play and for iOS in the App Store. It allows the purchase, sale and exchange in an agile and secure way.
  • Its portfolio includes Bitcoin, Ethereum, Solana, Ripple and others that make up about 50 digital currencies.
  • You have enabled payment with debit and credit cards Visa and Mastercard.

Kucoin

This platform was founded to facilitate bitcoin trading for beginners. It was founded in 2017 and has become one of the most popular cryptocurrency exchanges. It has more than 8 million registered users in 207 countries and regions around the world. The company operates in the Seychelles and is working to create multilingual communities so that all types of users can access and trade seamlessly 24 hours a day:

  • Supports only cryptocurrencies and purchases through P2P in external services, as a means of payment.
  • Apply commission charges depending on the currency, or the type of operation.
  • Includes an encryption system, an insurance policy and a high security P2P interface.
  • Does not offer a wallet service with digital currencies.
  • It can be traded with Bitcoin, Ethereum, Litecoin, Ripple and KCS which is the native token of Kucoin.

Localbitcoins

It is a Bitcoin trading website with options for users to create listings and set a payment method along with an exchange rate. It also has a chat room for negotiations and offers escrow protection. It focuses on person-to-person exchanges, with a fast, efficient and tailored process. It is based in Finland and reports to the financial control authorities in that country:

  • It has an effective system that protects the data of its users and the money stored on the platform.
  • Users who create ads must pay 1% with the operation completed. Incoming transactions to other Bitcoins wallets have a minimum amount.
  • Provides a virtual wallet that is available for free.
  • You can pay by credit or debit card or by bank transfer.
  • Works only with the purchase, sale and exchange of Bitcoins.

Poloniex

Poloniex is one of the largest cryptocurrency exchanges in the world and was founded in 2014 by Tristan D'Agosta. According to records, the company was previously based in the United States in Wilmington, Delaware, but is now headquartered in Boston, Massachusetts. At the time of writing, the exchange has 107 currency pairs and a daily trading volume of more than $13 million. Initially, the exchange focused on the U.S. market, but its overall popularity and high trading volume have attracted altcoin traders from around the world. Poloniex, or Polo, has long been the best-known altcoin exchange. It offers a large number of cryptocurrency pairs, allowing experienced traders to build a large portfolio of their choice in no time:

  • Simple and accessible interface, despite the absence of a Russian version of the site.
  • High rotation of operations, more than 140 directions of change. Low system fees for transactions: 0 to 0.25% ("manufacturer" commission: 0% to 0.15%, "receiver" commission, 0.1% to 0.25%).
  • High level of security, two-factor authentication, three-step verification (voluntary).
  • Practical analytical and technical tools.
  • In short, Poloniex is an exchange that provides optimal conditions for trading cryptocurrencies, and not only experienced trading participants, but also beginners can prove themselves here.

Paxful

Paxful is a leading international cryptocurrency exchange and bitcoin trading platform. Our goal is to ensure financial freedom and social justice around the world.

Paxful connects more than 300 financial networks and offers unique advantages to sellers and buyers. Through this platform, millions of people around the world can transact without having to rely on traditional banking services.

The company was founded in 2015. The company's headquarters are in New York. The company also has offices in Estonia, Hong Kong, the Philippines and Johannesburg. Paxful currently employs around 500 people worldwide, and this number is constantly growing:

  • The Comodo system protects data by encrypting it with 256-bit SSL.
  • Buying or selling cryptocurrencies through an escrow account ensures transparent transactions and minimizes the risk of fraud.
  • Two-factor authentication - Protect assets with complex passwords and 2FA.
  • Each user is assigned a rating, so traders can choose the most reliable counterparty.
  • All disputes between bidders are resolved by moderators.

What should you look out for at trade fairs?

Regardless of the platform you choose to store your cryptocurrencies, it is important that you consider the most important factors. You don't have to settle for information provided by only one. You need to retrieve data from a list of possible services.

One of the most important details is undoubtedly the fees and commissions charged by the service. They are usually based on a certain amount or on the type of operations performed.

You should also check which payment methods you have activated, whether you work with available credit cards or with virtual wallet services operating in your country. And it is also important to know the cryptocurrency wallet it offers. That is, which digital currencies can be traded on a particular platform.

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