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Buy Bitcoin In Dubai

With cryptocurrency getting more mainstream media attention in Dubai, people are clamoring to get a piece of the action to buy Bitcoin in Dubai, United Arab Emirates. Today, there are hundreds of cryptoassets on the market, with more cropping up every day. However, Bitcoin is the first blockchain backed cryptocurrency and remains the most popular and most adopted. If you know where to look you can find a reputable Bitcoin seller in every corner of the United Arab Emirates (UAE).

Over the last few years, the digital currency has trended upwards hitting record highs and making headlines. Bitcoin and related blockchain technologies are already beginning to be used by people, businesses, and governments around the world. If you missed out on the initial Bitcoin craze, you can still hold onto them for the long term. The adoption of Bitcoin is still in its infancy, so there will be more opportunities for growth.

The blockchain has great potential to disrupt a multitude of industries including banking, government, industrial and business sectors. While we may not know which cryptocurrency will eventually become the new “dollar”, we do know that Bitcoin is the first mover in the blockchain era of technology. This means that as long as people hold Bitcoin, it will have inherent value since it will be used as a mean to exchange between currencies.

Obtaining Bitcoin in the United Arab Emirates can be challenging for beginners who want to try their luck in the cryptocurrency market. If you are based in the Gulf region, and particularly in the beautiful city of Dubai, we are going to take you through how you can acquire some Bitcoins in your wallet and build your portfolio. But let’s start with a brief look at what Bitcoin is and the mother technology that is behind its inception.

Bitcoin And The Blockchain In A Nutshell

Bitcoin is a decentralized digital currency built on the Blockchain invented by Satoshi Nakamoto. No one knows who the inventor is or if it was created by a group of developers; as it stands the identity of Satoshi remains a mystery. In order to process transactions efficiently without involving an intermediary, Bitcoin utilizes the Blockchain technology. Think of the Blockchain as a network of nodes and computers that work together to ensure each transaction is cryptographically secure.

There are many reasons to love Bitcoin. It can be used as a store of value and serve as a powerful hedge against the dollar. At the same time, Bitcoin is seamless, transparent and easily transferable between Fiat currency and Gold. For many pundits, Bitcoin is a unique gimmick, while technologists consider it a more effective way to securely hold and transfer money. Early adopters know that Bitcoin is a borderless currency that has real potential to disrupt global economics.

Late last year, we saw Dubai make headlines when a residential real estate was sold in digital currency, notably Bitcoin. Yes, it happened in September when Aston Plaza started offering off-plan studio as well as one and two bedroom units for around 30 – 70 Bitcoins, a time when the digital currency was worth around $4,900 (Dh18,000). This showed the world that indeed Bitcoin can be used as a payment option – not just a digital asset.

“The adoption of this technology will reflect on the quality of life in the UAE and will enhance happiness levels for citizens” – Sheikh Mohammed bin Rashid Al Maktoum

Bitcoin Expansion Across The Middle East:

User anonymity – While each transaction can be easily traced from one address to another, the identity of users remains private and discrete. Personal purchases from a wallet cannot be associated with your details unless you wish to publish your transactions publicly.

No third-party influence – Unlike fiat currency which is widely controlled by central banks and governments across the globe, Bitcoin is unique because third parties do not directly influence it. It operates purely on peer-to-peer transactions, guaranteeing more freedom and control for people across the planet.

Low transaction fees – Standard bank transfers involve fees. Cross-border payments attract higher costs because of intermediaries. By utilizing Bitcoin and the blockchain, transaction costs are inherently low.

Faster payments – Bitcoin payments are seamless to complete. Unlike the traditional bank wire transfer which could take days or weeks to process, Bitcoin transactions are handled on the more efficient blockchain network, which has no wait periods for authorization requirements.

No paperwork – With Bitcoin transactions, forget about sending proof of address, showing your passport or ID card or going into a bank. You just need your own wallet, and an address to send Bitcoins to.

Appreciating value – Apart from being used as a digital currency, Bitcoin can also be used as a store of value, which makes it viable as an investment.

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Where You Can Buy Bitcoin In Dubai

Now that you have an idea of what Bitcoin is, let’s get back to our main agenda – how you can acquire this cryptocurrency while in Dubai, UAE and the greater Middle East. There are many options, but we will take you through the most accessible routes. There are three main exchanges you can use to purchase Bitcoin in the Middle East. These are:

Regal Assets (read more) – Precious metals firm specializing in cryptoassets

LocalBitcoins (read more) – Buy and sell Bitcoin with local merchants

BitOasis (read more) – Tested cryptocurrency exchange

More Options

Note: Remember that each of these exchanges has their Pros and Cons, which we will look at, so weigh your options depending on your needs.

Buying Bitcoin Through Regal Assets

Regal Assets is a prominent precious metals custodian and dealer that is well known among investors for its customer service and state of the art security. Investors can invest in Alternative Assets like cryptocurrency & precious metals which are stored in ultra-secure offshore vaults located in a crypto-friendly jurisdiction. Regal is insured by the Lloyd’s of London.

Regal Assets is the world’s first government licensed and insured cryptoasset investment company in Dubai and the surrounding Saudi Arabian peninsula.

Within Regal Assets, they have two main programs for investing in Alternative Assets. The Regal IRA gives investors access to invest in precious metals such as Gold, Silver, Platinum and Palladium in large quantities along with cryptoassets. Regal Cryptos is available for international investors to safely invest in alternative assets with cash such as Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Ripple (XRP), Ethereum (ETH), Ethereum Classic (ETC), Stellar Lumens (XLM) and privacy cryptoassets Monero (XMR), Zcash (ZEC) and Dash.

Currently, they are the only company in the world to offer an Alternative Assets IRA with both precious metals and cryptocurrency (Regal IRA). Together these combine to make the company a great resource for those who want a balanced portfolio and diversification within their Alternative Investment.

Since this platform offers a unique way to purchase Bitcoin, it boasts many benefits for investors. One of the most striking things about Regal Assets is the cold storage and offline wallet that they offer. When you purchase Bitcoin and other cryptocurrencies, your private keys are stored in a cold wallet securely located away from any natural disaster, emergency or government confiscation.

The company is responsible for safe keeping including transportation and vault security. Regal works directly with the government of Dubai and the Dubai Multi Commodities Centre (DMCC).

Investment Programs

The Regal IRA program is the world’s first Alternative Assets IRA that gives investors the power to invest in both hard assets (precious metals) and digital assets (cryptocurrencies).

The Regal Cryptos grants international investors the ability to make cash investments in the cryptocurrency of their choosing (minimum $5,000) and store the private keys within secure vaults.

How To Make An Investment With Regal Assets:

Investing in Bitcoin with the company is simple.

Step 1: Create an account. Visit the company’s official website and sign up, ensuring that you fill out all of your details correctly. There are three steps in the account creation: (1) Account holder information, (2) Birth information, and (3) Source of funds.

Step 2: Once you are given access, fill out the provided form, and your account will be reviewed and set up within 24 hours.

Step 3: The next step is to fund your account, which is a simple process.

Step 4: Once complete, the job is on the company’s side to process and deliver your investment. They will load your account and proceed to put the funds in cold storage for the utmost security.

Step 5: At any time, feel free to call your personal company representative for updates on your account.

Summary: Remember to always do your due diligence as an investor, however, it seems that Regal Assets has developed a virtually flawless platform for long-term Bitcoin investments. Regal Cryptos is available for international investors to safely invest in alternative assets with cash such as Bitcoin (BTC), Ripple (XRP), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Stellar Lumens (XLM), and privacy cryptoassets, Monero (XMR), Zcash (ZEC) and Dash among others. Through the Regal IRA, investors have the power to invest in cryptoassets and precious metals including Gold, Silver, Platinum and Palladium.

Get Started Now Learn More

If you would like to visit the company in person while in Dubai, here is their company information:

Regal Assets Company Information:

Address: Almas Tower, Suite 36-F Jumeirah Lake Towers Dubai, United Arab Emirates

Phone: 001-833-863-2020

International Investors: www.regalcryptos.com

Home: www.regalassets.com

Years in Business: 9 Years

Regal Assets is a proud member of the BBB and BCA and holds the highest rating a company can obtain from the BBB and BCA. Regal Assets has been a featured member of the BCA due to their high level of customer service. With a 5 star out of 5-star customer service review and over 711 reviews, Regal Assets has earned a preferred membership status with TrustLink. Inc. Magazine has ranked Regal Assets No. 20 in the United States for financial services landing Regal Assets on the Inc. Magazine 500 List, an exclusive ranking of the nation’s fastest-growing private companies. As an industry leader, Regal Assets has attracted the support and business of prominent figures and celebrities including Alan Thicke, Dennis Miller, Laura Ingraham, Jerry Doyle, Lars Larson, and Alan Colmes. Regal Assets has been featured in Smart Money, Forbes, Market Watch, Reuters, The Street, And the Hollywood Reporter.

Disclosure: The owners of this website may be paid for sales or leads generated from recommendations or links to various investment opportunities. We strongly recommend seeking the advice of your financial adviser before making any investment.

“Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative. But I am not familiar with the specific product to assert whether it is the best potential setup. And we need a long time to establish confidence.” – Nassim Taleb, New York Times Best Selling Author

Navigation

Bitcoin In Dubai

Buying Bitcoin Through Regal Assets

Buying Bitcoins Using LocalBitcoins

Buying Bitcoins Using BitOasis

Buying Bitcoins Using LocalBitcoins

LocalBitcoins is a person-to-person Bitcoin trading platform with over 1,000,000+ active users in which local buyers and sellers can meet up and exchange Bitcoin (P2P). They serve 248 countries worldwide. Not only can you purchase Bitcoin in the UAE on LocalBitcoins, but also the rest of the Middle East including Bahrain, Cyprus, Egypt, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, Turkey, and Yemen.

CEO:Nicholas Kangas

Headquarters:Helsinki, Finland

Founders:Nicholas Kangas, Jeremias Kangas

Founded:2012

Customer service:

Contact Support

LocalBitcoins serves as a marketplace where you can buy Bitcoin from local sellers and have the ability to haggle for a favorable price. The platform is unique in that it has a reputation and feedback system for buyers and sellers along with an escrow and conflict resolution service. The platform is simple to use and fun to navigate. It is easy for a registered trader in just about any city or country around the world to locate and find a nearby Bitcoin merchant.

Registering, buying and selling Bitcoin on LocalBitcoins is completely free and getting verified is fast and only requires (1) E-mail, (2) Phone number or (3) Identity verification. Every Bitcoin seller has a rating, so when it comes to performing a transaction your choices are flexible and can be instant. There are hundreds of options for payment including cash, credit card, cashier’s check, gift card, postal mail, MoneyGram, PayPal, Western Union, Venmo, Square Cash, Walmart 2 Walmart, QIWI, Payoneer, Payza, Xoom, MobilePay, Chase QuickPay, Google Wallet, WebMoney, Vanilla and various cryptocurrencies. Users who create advertisements are charged a 1% fee for every completed trade.

Each account can be secured with Two-Factor Authentication (2FA) which can be enabled within the Google Authenticator app or with a paper code. Getting in touch with customer support is easily accessible and response times are fast.

The best aspect of the marketplace is that every user has their own web wallet.

How To Get Started On LocalBitcoins:

Step 1: Sign up on the site and use a secure password. The website shows Bitcoin sellers within your city or region regardless of whether or not you have an account. It is recommended that you list yourself to enjoy the escrow services that the platform offers.

Step 2: Once you have signed in, go ahead and search for local Bitcoin sellers in the ‘Buy’ section. You will likely see many offers with different payment options. Now, your job is just to hit Buy, ensuring that the user you select has a favorable rating (preferably more than 90%), for a swift trade.

LocalBitcoins Sellers in UAE

Step 3: When you click Buy*, you will go to a page with details about the terms of trade (created by the seller), information on trade limits, payment methods, and some fields, where you need to enter either the number of Bitcoins you wish to purchase or the amount of money in AED. There’s also a chat section where you can add more information. When you complete filling these fields, hit, “Send trade request.’

*Alternatively, you can directly message the seller to schedule a time and place to meet up.

Step 4: The Bitcoin seller will now receive a notification of your request, and the number of Bitcoins you intend to buy will credit from their account to LocalBitcoin’s escrow service. They will also respond on the chat section, asking you to send the payment. Don’t worry about anything – go ahead and make the payment. Once you finish, click on the confirmation on the bottom right of the page.

Step 5: Once the seller confirms payment, the Bitcoins will release and reflect in your account. LocalBitcoins saves the chats for some time should you return with a complaint about the transaction.

You now have Bitcoin in your possession or within your web wallet.

Conclusion: LocalBitcoins is an excellent option for those who want to perform a same-day trade with a local seller in Dubai or anywhere in the world. Not only does LocalBitcoins have an easily navigable site, but also their user management system makes it easy to vet and review other buyers & sellers. Overall, LocalBitcoins has no fees and is an effective platform for purchasing Bitcoin from nearby merchants using just about any payment method out there. If you want to learn more about LocalBitcoins feel free to read our full review here.

“At its core, bitcoin is a smart currency, designed by very forward-thinking engineers. It eliminates the need for banks, gets rid of credit card fees, currency exchange fees, money transfer fees, and reduces the need for lawyers in transitions… all good things.” – Peter Diamandis, CEO of the X PRIZE Foundation

Navigation

Bitcoin In Dubai

Buying Bitcoin Through Regal Assets

Buying Bitcoins Using LocalBitcoins

Buying Bitcoins Using BitOasis

BitOasis is a bitcoin consumer wallet and instant exchange focused on cash-based emerging markets in the Middle East & North Africa. The multi-signature BitOasis Wallet (available on Android and iOS) also provides the highest level of security. It is the first platform to offer cryptocurrency buying, selling and trading services in the Middle East serving the entire Gulf region including the United Arab Emirates (UAE), Bahrain, Oman, Kuwait, and Saudi Arabia.

CEO:Ola Doudin

Headquarters:Dubai, UAE

Founders:Ola Doudin, Daniel Robenek

Founded:2015

Customer service:

Frequently Asked Questions

Another attractive alternative to LocalBitcoins if you are in the Dubai region is BitOasis. Albeit it does not feature nearby merchants, BitOasis is an excellent trading exchange for instantly buying, selling and trading Bitcoin and other cryptocurrencies once registered and verified on the platform.

With BitOasis one can easily get started with buying Bitcoin in UAE Dirham (AED). When you sign up to BitOasis, you will instantly gain access to your BitOasis wallet, which allows you to buy and sell Bitcoin securely. All other digital assets can be stored on the Trading Platform only. Local and international deposits have a minimum amount of 300 AED. All other questions can be answered from within the Frequently Asked Questions (FAQ) page.

Not only does BitOasis have a clean and relaxed interface, but also their iOS and Android apps help to make the exchange a fun and accessible experience. On BitOasis, you can buy, sell and trade Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash ABC (BCH), Bitcoin Cash SV (BSV), Ripple (XMR), Litecoin (LTC), ZCash (ZEC), Monero (XMR), Ethereum Classic (ETC), and Stellar (XLM). The BitOasis wallet helps to make the process of purchasing and holding cryptocurrency as enjoyable as possible.

BitOasis is a great option for quickly and efficiently purchasing BTC on the go. If you are in the Middle East and/or North Africa we recommend getting started with BitOasis as it is the premier bitcoin asset exchange in the region, and will continue to grow for the foreseeable future. The withdrawal feature is available for BitOasis traders in the United Arab Emirates (UAE), Saudi Arabia, Kuwait, and Bahrain only. Those located in Dubai will find BitOasis easily accessible to meet their needs.

How To Get Started On BitOasis:

Step 1: Sign up on the platform, and ensure you use a secure password.

Step 2: In order to proceed with the purchase, you will have to create a voucher so that you can exchange it for the number of bitcoins you want. To do this, you will need to make a payment via credit card or bank transfer. The credit card takes less time and is the most recommended method. Bank transfer is cheaper but will for some time before confirmation.

Step 3: Click on the Buy Bitcoin tab found on the left side of the page, input the amount (voucher amount) as well as the payment method, in this case, credit card, and then hit Next. The charges will be around 6%, so you will pay a processing fee of 300 AED for Bitcoins worth 500 AED. Check that the transaction details displayed on the voucher correctly reflect the number of Bitcoins you want to buy.

Step 4: Confirm the payments by clicking “Proceed With Payment,” and you will redirect to the platform’s payment gateway, where you will need to fill in your credit card details. Click on the “Pay Now” tab and wait for verification of the transaction. This could take anywhere from a few minutes to 15 minutes, depending on the number of requests.

Step 5: Done! After some time, you will see the Bitcoins in your BitOasis wallet.

Conclusion: Overall, the BitOasis interface is user-friendly and makes it simple for new visitors to navigate and purchase cryptocurrency quickly. The BitOasis Wallet works seamlessly with the exchange and is also available on the iOS app store, so you can check your funds anywhere you go.

“Every informed person needs to know about Bitcoin because it might be one of the world’s most important developments.” — Leon Luow, Nobel Peace Prize nominee

Other Options For Buying Bitcoins In Dubai And The United Arab Emirates

Regal Assets, LocalBitcoins and BitOasis are not the only exchanges where you can buy Bitcoins in Dubai and the rest of the UAE – they are just the most popular in the region. If you want to explore other options, you can also go on Paxful, Coinmama, and/or CEX.IO. If you are international, Coinbase is a great option too.

Purchasing Bitcoin in Dubai becomes easier with the use of various exchanges, including those that we have covered. And as with any other investment, make sure you secure yours by keeping all your information within a cold storage wallet. If you want to purchase Gold and other precious metals in addition to Bitcoin the Regal IRA is an excellent option.

Conclusion

For those in the UAE looking for a trusted Bitcoin seller in Dubai, you will want to do your proper research before making a purchase decision. Hopefully, this guide has offered a way for you to learn about your options and how you can invest in cryptocurrency while in Dubai, UAE.

If you go for LocalBitcoins (view site), be careful when dealing with sellers and only go for reputable ones. If you decide to go with BitOasis(view site), make sure that you use due diligence to verify your identity and set up your account. Lastly, if you want to store a high-volume of cryptocurrency with maximum security, seriously consider investing with Regal Assets (view site).

Our Top Recommendation

9.9REGAL ASSETS9.9/10

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How To Buy Bitcoin In Dubai

A Guide To Buying Bitcoins In Dubai, United Arab Emirates

Contents [hide]

The City Of Dubai

Bitcoin In Dubai

Bitcoin And The Blockchain In A Nutshell

Where You Can Buy Bitcoin In Dubai

Buying Bitcoin Through Regal Assets

Buying Bitcoins Using LocalBitcoins

Buying Bitcoins Using BitOasis

Other Options For Buying Bitcoins In Dubai And The United Arab Emirates

Conclusion

Our Top Recommendation

Free Port

Gold & Oil Trade

Modern Day Dubai

Bitcoin Expansion Across The Middle East:

Investment Programs

How To Make An Investment With Regal Assets:

Navigation

How To Get Started On LocalBitcoins:

LocalBitcoins Sellers in UAE

Navigation

How To Get Started On BitOasis:

Regal Assets

The City Of Dubai

Now known as the largest and most populous city in all of the United Arab Emirates, the beautiful city of Dubai begets its humble roots as a simple pearl-fishing village. Over the years Dubai has established itself as an international port city for free trade.

Free Port

Dubai is not only a global city and business hub of the Middle East but also a major global transport hub for passengers and cargo. Established as a free port in 1901 by Maktoum bin Hasher Al Maktoum, Dubai enforced no taxation on imports or exports.

In the 1980s, Dubai fashioned itself into a free-trade oasis at the prompting of Sheik Mohammed bin Rashid al-Maktoum.

Gold & Oil Trade

Dubai Gold Souk

Dubai has been at the center of gold trade since the 1960s. Whether exported or imported, the vast majority of Dubai’s gold trade has occurred internationally off the coast of India.

In 1966, 4 million ounces of gold was shipped from London to Dubai which was a world record at the time. Dubai has been and will continue to be a major gold and precious metals exporter across the globe.

Despite its humble roots, the discovery of oil deposits off the coast of Dubai in 1966 accelerated the development and economic growth of the city. Today, only 5% of the emirate’s revenue is from oil.

Modern Day Dubai

If you are traveling to Dubai, you may want to visit its rich collection of skyscrapers and man-made structures. Many residents choose to live in Dubai for its unique selection of real estate, whether they are renting an apartment in the Emirate Towers or booking a room at the expensive Burj al Arab.

The Burj al Arab is the world’s only “7-star” hotel, which features a Skyview bar, an underwater restaurant, and an outdoor tennis court.

Opening in 2010, the Burj Khalifa, constructed by more than 30 contracting companies around the world, is the world’s tallest building.

The Palm Islands are the largest artificial islands in the world Dubai and home to the Palm Jumeirah.

The city is home to the Dubai Miracle Garden which has over 150 million flowers arranged in colorful arches and patterns.

Located in downtown Dubai, the Dubai Mall is the second-largest mall in the world by total land area.

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How To Buy Bitcoin With Gift Card

The Ultimate Guide To Buying Bitcoins With Used And New Gift Cards

Contents [hide]

The Gift Card Era

Peer-to-Peer Exchanges vs. Normal Exchanges

Choosing a P2P platform

Choosing The Best Offers

Go Forth And Begin Your Trading Experience!

Our Top Recommendation

Paxful

Localbitcoins

So which is better?

You’re Almost There!

The Vice-Versa

Paxful

Ever since its creation in 2009, bitcoin has evolved so much. There are now more things you can buy with bitcoin, and there are so many more ways to buy bitcoins in the USA.

The Gift Card Era

One of the more popular payment methods that have sprung up throughout the years is gift cards. Nowadays, you can buy any gift card at your local store and trade it in for bitcoins at your favorite exchange. These gift cards include popular ones such as Amazon and iTunes gift cards to the lesser known ones like Subway gift cards. On platforms like Paxful and Localbitcoins, you can find almost ANY gift card to trade bitcoins for.

Peer-to-peer platforms such as Paxful and Localbitcoins are ideal for gift card trading as platforms like these can connect you with people that will give you great deals. These exchanges offer anonymous ways to buy and sell bitcoin with numerous deposit methods. We firmly believe that peer-to-peer platforms are the way of the future as they take away the government aspect of it, allowing bitcoin to be used for its original purpose: to enable peer-to-peer transactions.

Peer-to-Peer Exchanges vs. Normal Exchanges

There are two types of exchanges: the peer-to-peer and normal. On normal exchanges, you use an order book to match buy and sell orders between people. In the case of normal exchanges, neither the buyer nor the seller has any idea who they’re trading with, providing all users a level of anonymity and privacy protection. Normal exchanges are the most commonly used method of exchanging your local currency into bitcoin. An example of a normal exchange is Coinbase (probably the biggest and arguably most well-known exchange in the world).

Compared to the privacy and anonymity that normal exchanges may have, peer-to-peer exchanges require a bit more interaction between buyers and sellers. The information that you might have to exchange can be a bitcoin wallet address, forum usernames, location, IP addresses, and can even involve a face-to-face meeting. Peer-to-peer exchanges are kind of like your local marketplace. You’re connected to people that are selling you products you want.

For example, you’re looking to buy bitcoin from someone who lives in your area. It would be very troublesome for you to hope to randomly stumble across that person on a normal exchange because the chances of that happening are meager. Instead of that method, you can initiate a peer-to-peer transaction with that person, and it should make your purchase A LOT easier.

While Coinbase may be one of the biggest normal exchanges in the world, its counterparts, Paxful and LocalBitcoins, are the biggest peer-to-peer platforms in the world. No type of exchange is better than the other, but the preference of the user is what matters the most when it comes to choosing the type of exchange. In this case: buying bitcoins with gift cards, peer-to-peer platforms are the ONLY way to go.

Choosing a P2P platform

The first step to buying bitcoins with gift cards is making an account on either Paxful or Localbitcoins. Creating an account on either of these is extremely easy. We’re going to give you the pros and cons of each platform and let you decide which one suits you the most.

Paxful

CEO:Ray Youssef

Headquarters:New York, NY

Founders:Ray Youssef, Artur Schaback

Founded:2015

Customer service:

+1 (865) 272-9385

Paxful, over the recent years, has grown to be one of the biggest platforms in the world and they continue to grow. This can be attributed to the attention to detail they have in regards to user experience. Paxful offers over 350 payment methods, allowing their users to buy and sell bitcoin easily. The customer service that they have is a dedicated team, running 24/7 to settle disputes and to help newbies out if they’re not sure how the site works (they also have a wide range of knowledge-based articles that have in-depth tutorials of how the site works).

As with any other peer-to-peer platform, Paxful struggles with filtering the scammers out of their platform. There are always going to be bad apples on peer-to-peer platforms, and they can never get rid of ALL of them, so we have to trust them when they say “we’re trying.”

Localbitcoins

CEO:Nicholas Kangas

Headquarters:Helsinki, Finland

Founders:Nicholas Kangas, Jeremias Kangas

Founded:2012

Customer service:

Contact Support

Localbitcoins is one of the older peer-to-peer platforms, so it has more experience in a long time that it’s been around. They pride themselves on having every payment method imaginable and providing anonymous options for people who want to keep to themselves. When everything in your trade goes smoothly (or you are dealing with an honest and decent trade partner), Localbitcoins is a fast way to buy bitcoin.

The problems of Localbitcoins arise when everything DOESN’T goes smoothly. Localbitcoins, like Paxful, is also susceptible to scammers (as all peer-to-peer platforms are). Their customer service also isn’t the best when you have a problem that you need to be fixed.

So which is better?

In our opinion, Paxful is the way to go if you want to trade gift cards for bitcoins. Paxful SPECIALIZES in gift cards (most of their top sellers deal with different kinds of gift cards – ranging from iTunes and Amazon gift cards to even CVS gift cards). The difference between the two peer-to-peer platforms is that Paxful has a better customer support system. That is the key factor that Paxful has over Localbitcoins. If you have an issue on Paxful, the longest you’ll be waiting is a couple of days. With Localbitcoins on the other hand, people (including myself) have complained about both a laggy site and an unhelpful customer support team.

Some people may have different opinions, but whoever is reading this should know that the key to choosing a platform is preference. Choose whatever makes you feel more comfortable.

Choosing The Best Offers

Selecting the proper offer is one of the easiest parts of trading gift cards for bitcoins, but it’s also one of the riskiest. There are two parts to choosing the best offer: (1) being able to filter the scammers out and (2) selecting the best deals concerning pricing.

The trick to minimizing risks depends on the platform you decide to trade on. The risks are something that every trader should be aware of. These risks include the code being ripped from your gift card and sellers being unresponsive. These can cause an incredible hassle on your trading experience, especially if you’re new to cryptocurrency trading. Each platform has different tips and tricks when it comes to minimizing these risks. These tips and tricks can usually be found on the support pages of each platform (Localbitcoins guides / Paxful knowledge base).

For the actual deals themselves, you will ideally want to look for an offer where you can get more bitcoins with your currency. Along with that, you’ll want to look for a seller that is responsive so that they’ll be able to release the bitcoins at once.

You’re Almost There!

After you find an offer that best suits your needs, you’ll need to comply with all the requirements of the seller. Usually, that’ll mean giving up your gift card code and giving more information that’ll make the seller feel more comfortable.

After you have given the seller all the requirements and followed all of his or her instructions, wait for him or her to release the bitcoins from escrow (both Paxful and Localbitcoins use an escrow system that protects buyers). Once they’re released, the bitcoin network will need to confirm the transactions (which may take some time depending on how busy the network is), and you should have your bitcoin soon!

The Vice-Versa

The process of buying bitcoin with gift cards can easily be reverse-engineered. Selling your bitcoins for gift cards is just as easy as the other way around. Giving clear offer terms and instructions are good ways to make your selling experience more comfortable and more efficient.

Obviously, the process of selling bitcoins would be different for each platform so be sure to explore each platform carefully and see which process fits you more.

For example, if you’re a gamer, and you’re looking to get discounted gift cards to top up your account ( Gamestop gift cards, Steam gift cards, PlayStation Network gift cards, etc.), buying them with bitcoins might be the way for as the deals you can find on peer-to-peer platforms might be a cheaper alternative than buying it from gaming shops.

Go Forth And Begin Your Trading Experience!

Trading your bitcoins for gift cards is extremely easy, and it can be highly profitable if you’re careful about minimizing risks. A peer-to-peer platform is highly recommended for these trades, and although there are a bunch to choose from, Paxful and Localbitcoins are probably your best bets.

Now that you’re locked and loaded to trade, we wish you nothing but the best of luck on your journey. Welcome to the roller-coaster!

Our Top Recommendation

9.5PAXFUL9.5/10

#how to buy bitcoin with gift card

0 notes

smartbitcoin-blog · 5 years

Text

How To Buy Bitcoin In Dubai

A Guide To Buying Bitcoins In Dubai, United Arab Emirates

Contents [hide]

The City Of Dubai

Bitcoin In Dubai

Bitcoin And The Blockchain In A Nutshell

Where You Can Buy Bitcoin In Dubai

Buying Bitcoin Through Regal Assets

Buying Bitcoins Using LocalBitcoins

Buying Bitcoins Using BitOasis

Other Options For Buying Bitcoins In Dubai And The United Arab Emirates

Conclusion

Our Top Recommendation

Free Port

Gold & Oil Trade

Modern Day Dubai

Bitcoin Expansion Across The Middle East:

Investment Programs

How To Make An Investment With Regal Assets:

Navigation

How To Get Started On LocalBitcoins:

LocalBitcoins Sellers in UAE

Navigation

How To Get Started On BitOasis:

Regal Assets

The City Of Dubai

Free Port

In the 1980s, Dubai fashioned itself into a free-trade oasis at the prompting of Sheik Mohammed bin Rashid al-Maktoum.

Gold & Oil Trade

Dubai Gold Souk

Dubai has been at the center of gold trade since the 1960s. Whether exported or imported, the vast majority of Dubai’s gold trade has occurred internationally off the coast of India.

Modern Day Dubai

The Burj al Arab is the world’s only “7-star” hotel, which features a Skyview bar, an underwater restaurant, and an outdoor tennis court.

Opening in 2010, the Burj Khalifa, constructed by more than 30 contracting companies around the world, is the world’s tallest building.

The Palm Islands are the largest artificial islands in the world Dubai and home to the Palm Jumeirah.

The city is home to the Dubai Miracle Garden which has over 150 million flowers arranged in colorful arches and patterns.

Located in downtown Dubai, the Dubai Mall is the second-largest mall in the world by total land area.

#how to buy bitcoin in dubai

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smartbitcoin-blog · 5 years

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Regal Assets (read more) – Precious metals firm specializing in cryptoassets

LocalBitcoins (read more) – Buy and sell Bitcoin with local merchants

BitOasis (read more) – Tested cryptocurrency exchange

More Options

Note: Remember that each of these exchanges has their Pros and Cons, which we will look at, so weigh your options depending on your needs.

Buying Bitcoin Through Regal Assets

Regal Assets is the world’s first government licensed and insured cryptoasset investment company in Dubai and the surrounding Saudi Arabian peninsula.

The company is responsible for safe keeping including transportation and vault security. Regal works directly with the government of Dubai and the Dubai Multi Commodities Centre (DMCC).

Investment Programs

The Regal IRA program is the world’s first Alternative Assets IRA that gives investors the power to invest in both hard assets (precious metals) and digital assets (cryptocurrencies).

The Regal Cryptos grants international investors the ability to make cash investments in the cryptocurrency of their choosing (minimum $5,000) and store the private keys within secure vaults.

How To Make An Investment With Regal Assets:

Investing in Bitcoin with the company is simple.

Step 2: Once you are given access, fill out the provided form, and your account will be reviewed and set up within 24 hours.

Step 3: The next step is to fund your account, which is a simple process.

Step 4: Once complete, the job is on the company’s side to process and deliver your investment. They will load your account and proceed to put the funds in cold storage for the utmost security.

Step 5: At any time, feel free to call your personal company representative for updates on your account.

#How To Buy Bitcoin In Dubai

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