Easiest and cheapest ways to buy crypto in The United Arab Emirates
No matter where they live, people always seek the easiest and cheapest way to buy bitcoin. Buying crypto in Canada is a bit harder than in some other countries so we have compiled a list of exchanges where Canadians can buy bitcoin.
👛 Ease of Use – Easy 👛 Fees – Low 👛 Verification – 1 Day 👛 Reputation – Trusted 👛 Supported fiat – CAD
Coinsmart is one of the most popular Canadian crypto exchange alternatives. It was founded in 2018 by Justin Hartzman and Jeremy Koven. Considering that it’s a relatively new exchange, Coinsmart has managed to come a long way and build a reputation through its strong customer support and wide range of custom tools.
Coinsmart is highly regarded because of its fast verification process, simple and user-friendly interface, bank-grade security, and plenty of funding through fiat currency options. Advanced traders can also find the platform useful since the platform offers some cutting-edge tools for them as well.
⚡️ Deposit fees: 0 – 6 % ⚡️ Withdrawal fees: 1% ($15 Minimum) ⚡️ Trading fees: 0.20% for a single trade and 0.40% for double trade ⚡️ Payment Methods: Interac E-transfer, Bank draft, SEPA, Wire transfer, Credit card, Debit card, Simplex, and Crypto assets ⚡️ Supported fiat: CAD
Beginner-friendly Strong customer support Includes a referral program Supported by Canadian Bank
USA citizens can’t use the platform A limited list of supported cryptos
👛 Ease of Use – Easy 👛 Fees – Average 👛 Verification – 1 Day 👛 Reputation – Trusted 👛 Supported fiat – EUR, USD, and 50+ more
Coinbase is one of the well-known, established, and trusted cryptocurrency exchanges. It was founded back in 2012, with its headquarters in San Francisco.
Coinbase offers its services in over 100 different countries around the world and has more than 60 million registered users. It offers its users more than 100 cryptocurrencies to choose from. Additionally, well above 400 trading pairs are offered on the Coinbase exchange. Furthermore, there is also a mobile app that is supported on Android as well as IOS.
⚡️ Deposit fees: Credit/Debit Card: 3.99%SEPA: €0U.S Bank Transfer: 1.49% (the US $0.15 min.)Coinbase USD wallet: 1.49%ACH Transfer USD: $0 Wire Transfer USD: $10 ⚡️ Withdrawal fees: SEPA: €0.15U.S Bank Transfer: 1.49% (US $0.15 min.) Coinbase USD wallet: 1.49%Wire Transfer USD: $25 ⚡️ Trading fees: Fees vary ⚡️ Payment Methods: Bank Account, Debit Card, Credit Card, Wire Transfer, SEPA Transfer, ⚡️ Supported fiat: USD, EUR, GBP, AUD, CAD, CNY & 50+ more
An easy way for new users to purchase Bitcoin More than 100 cryptocurrencies to choose from A regulated and trustworthy company High liquidity and purchasing limits
👛 Ease of Use – Medium 👛 Fees – Low 👛 Verification – 1 Day 👛 Reputation – Trusted 👛 Supported fiat – USD, EUR, GBP, AUD, RUB
Launched in July 2017, Binance quickly became the world’s largest centralized crypto exchange, with more than $15 billion in daily trading volume. It has over 30 million users all over the world. Binance offers an impressive number of cryptocurrencies that you can buy, sell, and trade with low trading fees.
Binance is considered one of the safest cryptocurrency exchanges on the market. Binance provides 2FA and both cold storage and multi-sig wallets. It supports spot trading, futures, P2P trading, margin trading, earn (locked and fixed savings, DeFi staking, and yield farming), mining and staking pools. It has over 350+ cryptocurrencies available for trade and 1300+ trading pairs.
⚡️ Deposit fees: Free ⚡️ Withdrawal fees: Vary from crypto to crypto ⚡️ Trading fees: 0.1% ⚡️ Payment Methods: Debit Card, Credit Card, SWIFT, Bank Transfer (SEPA), and more ⚡️ Supported fiat: USD, EUR, GBP, AUD, RUB, and 15+ more
Low fees High liquidity Excellent mobile app Well-established and trusted
👛 Ease of Use – Easy 👛 Fees – Average 👛 Verification – 2-3 Days 👛 Reputation – Trusted 👛 Supported fiat – USD, EUR, GBP, JPY, CAD
As a pioneering cryptocurrency exchange, Kraken has been at the forefront of the crypto revolution since 2011. Its platform is a gateway to a vast array of over 220 digital assets, including market leaders like Bitcoin, Ethereum, and emerging players like Cardano. Security is a hallmark of Kraken, making it a trusted choice for traders worldwide.
Its global presence is commendable, serving users in a multitude of countries, with a few exceptions like Cuba and North Korea. In terms of flexibility, Kraken shines, offering users a wide spectrum of payment options and facilitating transactions in a variety of fiat currencies. Moreover, advanced traders can tap into specialized features to enhance their trading experience.
⚡️ Deposit fees: EUR SEPA Deposit (Free) – EEA countries only USD Bank Wire Deposit ($5 USD) – US onlyEUR Bank Wire Deposit (€10) – outside the US only USD Bank Wire Deposit ($10 USD) – outside US onlyJPY Bank deposit (Free, ¥5,000 deposit minimum) – Japan-only USD, Wire Deposit (Free) ⚡️ Withdrawal fees: Cryptocurrency: Fees vary, SEPA Withdrawal (€0.09) – EEA countries only USD Bank Wire Withdrawal ($5 USD) – US only USD Bank Wire Withdrawal ($60 USD) – outside US onlyEUR Bank Wire Withdrawal (€60) – outside US onlyJPY Bank withdrawal (¥20) – Japan onlyCAD EFT Withdrawal ($10 CAD) ⚡️ Trading fees: Maker: 0.16% Taker: 0.28% ⚡️ Payment Methods: Fedwire, Bank Transfer (SEPA), SWIFT, Wire Transfer, Etana Custody, Silvergate Exchange Network (SEN), FPS, CHAPS, and BACS, PayID, Osko ⚡️ Supported fiat: USD, EUR, GBP, JPY, CAD
Advanced trading and staking features It has been active on the crypto market for a very long time It has a good reputation Advanced trading and staking services
Fees are fairly high No derivates or futures trading
Registration is a simple process, the interface is clean, and the site has been operating for over 7 years.
⚡️ Deposit fees: Interac e-Transfer: free Flexepin voucher: 1.5% Credit Card: 12% Direct debit: free Cash: free ⚡️ Withdrawal fees: Varies from coin to coin ⚡️ Trading fees: None ⚡️ Payment Methods: Cash (via mail or in-person in Ottawa), Interac e-Transfer, Bill Payment via online banking, Direct debit from a bank account, Flexepin voucher, Credit Card, Debit Card ⚡️ Supported fiat: CAD
Trusted and popular in Canada Various payment methods Quick registration process
Only CAD as a fiat currency Not a good user interface
Best Bitcoin Wallets in The United Arab Emirates
It is never a good idea to keep your coins on an exchange as that exposes you to numerous risks (exchange hacks, fund freezes by the exchange or some government regulatory body, etc). That is why you should use one of the wallets we list below to store your digital assets.
But, which bitcoin wallet is available in this country?
The safest option is a hardware wallet like Nano X but ZenGo is also a good choice, especially for newcomers.
👛 Ease of Use – Easy 👛 Fees – High 👛 Verification – 1 Day 👛 Reputation – Trusted 👛 Supported fiat – USD, EUR, GBP, CAD, AUD
Coinmama is one of the oldest centralized cryptocurrency exchanges on the market. It was founded in Israel in 2013. Today, Coinmama’s head office is in Dublin, Ireland. Using this crypto exchange, you can easily and quickly buy and sell 10 different cryptocurrencies.
Coinmama is a cryptocurrency exchange that allows users to buy and sell a small selection of digital assets using various payment methods, including credit cards, bank account transfers, and payment apps. It is known for its easy-to-use platform and fast verification process, but it has high fees and a limited selection of cryptocurrencies. It also does not offer a wallet service and has mediocre educational content. Coinmama may be a good fit for those who want to make occasional small crypto purchases, but it may not be suitable for long-term use due to its high fees and limited features.
⚡️ Deposit fees: 0 – 5 % ⚡️ Withdrawal fees: None ⚡️ Trading fees: 2.9 – 3.9 % ⚡️ Payment Methods: Bank Transfer (SEPA), SWIFT, Fedwire, Bank cards, Open Banking, Google Pay, Apple Pay, Skrill ⚡️ Supported fiat: USD, EUR, GBP, CAD, AUD
150+ countries supported Mobile App (iOS and Android) Various payment methods Quick verification process
Fees above the industry average Only 10 cryptocurrencies No wallet or trading options, just purchases or sells
👛 Ease of Use – Easy 👛 Fees – Low 👛 Verification – 1 Day 👛 Reputation – Trusted 👛 Supported fiat – USD, EUR, GBP, and more
LocalBitcoins is one of the oldest P2P online marketplaces where you can buy and sell Bitcoin. It is considered the largest peer-to-peer crypto platform. LocalBitcoins is based in Helsinki, Finland.
LocalBitcoins was founded by Jeremiah Kangas in 2012. It operates in more than 240 countries worldwide. The platform is a peer-to-peer network that connects sellers with buyers in the local area. Users post ads on the platform in which they state payment methods and exchange rates for purchasing or selling Bitcoins. Then, other users reply to these ads in order to make a transaction. LocalBitcoins has a great reputation in the crypto market and it pays a lot of attention to regulations and security of the platform.
👛 Ease of Use – Easy 👛 Fees – Low 👛 Verification – 1 day 👛 Reputation – Trusted 👛 Supported fiat – USD, EUR, GBP, AUD, CAD + 20 more
KuCoin, with its roots in Hong Kong since 2017, has emerged as a leading figure in the cryptocurrency exchange arena. Offering a diverse range of over 600 cryptocurrencies, it ensures that traders have a plethora of options, from well-known coins like Bitcoin to emerging tokens. Their self-developed trading platform is a blend of sophistication and simplicity, tailored to meet the needs of both novice and experienced traders.
A standout feature of KuCoin is its profit-sharing system, where they reward KuCoin Shares (KCS) holders by redistributing 50% of the platform’s trading fees. This initiative showcases their dedication to fostering a loyal user base.
On the fiat front, KuCoin supports an impressive 50 currencies, making fiat-to-crypto transitions effortless. With the inclusion of advanced trading features and a presence in a vast 200+ countries, notably in regions like Asia, the UK, US, and Canada, KuCoin’s global footprint is undeniable.
⚡️ Deposit fees: Free ⚡️ Withdrawal fees: 0 – 16$ (average) ⚡️ Trading fees: 0 – 0.1 % ⚡️ Payment Methods: Debit and Credit card, Apple and Google Pay ⚡️ Supported fiat: USD, EUR, GBP, AUD, CAD + 20 more
Easy to use and beginner-friendly A lot of (advanced) crypto services and features Competitive fees
It is not regulated No fiat trading pairs Not bank deposits
Frequently asked questions about buying Bitcoin in Canada
Is it legal to buy Bitcoin in Canada❓
Because Bitcoin is perfectly legal in Canada, anyone can purchase it. The government even has an official page devoted to digital currencies. It states that Canadians may use cryptocurrencies to buy services or goods at retailers that accept them.
What banks allow you to buy Bitcoin in Canada❓
Toronto Dominion (TD) allows crypto purchases using credit and debits cards, Interac e-Transfers, and wire transfers but on a case-by-case basis. They may or may not allow your purchase to complete. If you’re looking for a Canadian bank that allows crypto purchases, the National Bank of Canada is the top choice.
Can CRA track Bitcoin❓
Well, yes and no. The CRA can certainly link you with wallet addresses. As soon as you verify your account with the Canadian crypto exchange, you will be associated with everything that goes in and out of that account.
Is Bitcoin taxed in Canada❓
In Canada, the industry is continuing to grow. As of 2021, 14 percent of Canadians own or have owned cryptocurrency, according to an online Ipsos poll of more than 2,100 respondents released in October. Like any investment, you aren’t taxed if you simply acquire or hold cryptocurrency.
Is there Bitcoin ATM in Canada❓
On October 29, 2013, a Robocoin machine opened in the Waves coffee shop in downtown Vancouver, Canada. This machine is understood to be the world’s first publicly available Bitcoin ATM.
Do Canadian banks sell Bitcoin❓
Each of Canada’s major financial institutions will allow members to purchase Bitcoin. What varies from one branch network to the next is the means of purchase. Credit card purchases, in particular, are highly limited.
Can Canadians use Coinbase❓
Yes, Canadians can use Coinbase.
What is the best site to buy Bitcoin in Canada❓
We listed the best exchanges in this article and CoinSmart, Coinbase, and Binance are the most popular sites.
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As the Head of Content at Captainaltcoin, I bring years of experience in the crypto industry. With a strong belief in the potential of the web3 market since 2017, I'm passionate about sharing valuable insights and knowledge.
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