How to Buy Bitcoins in Dubai: Cryptocurrency exchange Bitbns will now enable UAE-based cryptocurrency traders to use dirhams to buy and sell bitcoins in Dubai on the platform, the company announced.
We understand that you have all been waiting for this time for so long; so we are. Today, Bitbns attempts have come to fruition as the start of Bitcoins trading in Dubai is formally announced.
At the moment, to allow AED deposits and withdrawals, only the USDT P2P method is enabled.
New transactions method will become available shortly, the company said in a statement.
How to Buy Bitcoins in Dubai
However, on the exchange, only KYC-verified clients can withdraw in AED. Those who have not yet been checked can trade and deposit.
There are currently more than 70 cryptocurrencies listed on the exchange. The announcement comes soon after Bitbns announced a partnership with OKEx based in Malta, which was once the world’s biggest turnover cryptocurrency exchange.
The company’s declaration on the move observed that UAE-based clients will now be able to place bracket orders–when they join and leave the industry at the moment of their selection–as well as margin trading, stop-limit orders, margin loans, limit orders, and price alerts.