Where You Can Purchase Cryptocurrency In The Middle East
Investing in cryptocurrencies has taken the whole world by storm. While these currencies have been around for a very long time, it is only recently that people outside of the tech sector have started to take an interest. It’s Time to invest!
What is Cryptocurrency
Cryptocurrency is a digital or virtual asset that uses cryptography for security. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control. Bitcoin, the first and most well-known cryptocurrency, was created in 2009. Cryptocurrencies are often traded on decentralized exchanges and can also be used to purchase goods and services.
The Middle East has been a hotbed for cryptocurrency activity in recent years. Israel and the United Arab Emirates have been at the forefront of crypto adoption, with both countries implementing regulations and launching their own digital currencies. Bahrain is also exploring the possibility of creating its own central bank-issued digital currency.
Cryptocurrency adoption in the Middle East is likely to continue to grow in the coming years, as more countries move towards regulation and launch their own digital currencies.
Why Invest in Cryptocurrency?
If you’re looking to invest in cryptocurrency, there are a few things you should know. For starters, cryptocurrency is a digital or virtual asset that uses cryptography for security. Cryptocurrency is decentralized, meaning it isn’t subject to government or financial institution control. Bitcoin, the first and most well-known cryptocurrency, was created in 2009.
There are a few reasons why you might want to invest in cryptocurrency. Cryptocurrency has the potential to be more secure and efficient than traditional methods of payment and transaction. For example, bitcoins aren’t subject to inflation like traditional currencies. In addition, cryptocurrency can be used to make anonymous purchases, which could be beneficial if you’re concerned about privacy.
The Middle East is an emerging market for cryptocurrency investment. Although the region has been relatively slow to adopt cryptocurrencies, interest is growing. A number of exchanges have been established in countries like the United Arab Emirates and Saudi Arabia. If you’re considering investing in cryptocurrency, the Middle East is an important market to watch.
Types of Cryptocurrencies
Cryptocurrencies are a type of digital asset that uses cryptography to secure its transactions and to control the creation of new units. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control. The most well-known cryptocurrency is Bitcoin, but there are many others, including Ethereum, Litecoin, and Ripple.
Cryptocurrencies are often bought and sold on exchanges, which are online platforms that enable users to buy and sell cryptocurrencies using fiat currencies (like USD) or other cryptocurrencies. Some popular exchanges include Coinbase, Binance, and Kraken.
Cryptocurrencies can also be purchased directly from sellers on sites like LocalBitcoins or Paxful. However, it is important to exercise caution when purchasing cryptocurrencies this way, as there is no guarantee that the seller will deliver the coins as promised.
Additionally, ATMs that allow you to purchase Bitcoin with cash have begun popping up in various locations around the world. However, these tend to be more expensive than other methods of purchasing cryptocurrency.
Where to Buy Bitcoin and Altcoins in the Middle East
Cryptocurrency is still a relatively new phenomenon, and as such, it can be difficult to know where to purchase it. In the Middle East, there are a few different options available for those looking to buy Bitcoin and altcoins.
The main option is to use a cryptocurrency broker. These platforms will generally offer a wider range of coins than peer-to-peer exchanges with low fees. Some popular brokers in the Middle East include RainFinancial, CoinMENA, and BitOASIS.
- RainFinancial:
Rain is licensed by the Central Bank of Bahrain and subject to rigorous cyber-security and banking standards, and they have localized support around the clock and guarantee you will always talk to a human, whether in live chat or email and they have over 60+ coins listed in their platform.
Use this referral link to get 110 AED upon registration.
- CoinMENA:
The headquarter is in the Kingdom of Bahrain, CoinMENA is a Sharia-compliant digital assets exchange that is licensed and regulated by the Central Bank of Bahrain (CBB). Through CoinMENA, you can buy, sell, store, and receive digital assets safely and securely, as well as deposit and withdraw in your local currency.
Use this referral link below to get a bonus of 25 USD upon registration.
- BitOASIS:
Headquartered in the UAE, BitOasis is the largest and most trusted cryptocurrency platform in the MENA region. Established in 2015, BitOasis is a pioneer of the region’s cryptocurrency ecosystem, serving as the go-to platform for first-time cryptocurrency buyers and professional traders alike. BitOasis aims to offer the most secure and regulated infrastructure in cryptocurrency trading for retail and institutional clients across the region.
Use this referral link below to get a bonus of 25 AED upon registration.
Conclusion
If you’re looking to purchase cryptocurrency in the Middle East, there are a few options available to you. You can use an exchange like BitOasis, which is based in the United Arab Emirates, or you can purchase cryptocurrency through a peer-to-peer exchange. LocalBitcoins is a popular option for those looking to buy Bitcoin in the Middle East. You can also find Bitcoin ATMs in some countries in the region.
When purchasing cryptocurrency, always be sure to do your own research and invest responsibly. Cryptocurrency is a volatile market, and prices can fluctuate rapidly. only invest what you can afford to lose, and always keep your personal and investment goals in mind.
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