Cryptocurrency
How to buy Bitcoin in Dubai
![](https://letizo.com/wp-content/uploads/2023/09/how-to-buy-bitcoin-in-dubai_65103d2652cef.jpeg)
Dubai is a magnificent city to live and work in. But how can someone buy Bitcoin in Dubai? Is it legal to buy Bitcoin in Dubai? Is Dubai crypto-friendly?
Here’s a quick guide with the answers. The great news is that, yes, buying Bitcoin (BTC) in the United Arab Emirates is permitted, and the country is actually one of the most welcoming to cryptocurrency exchanges and investors.
Is Dubai crypto-friendly?
The thriving metropolis of Dubai in the UAE has long been deemed a crypto-friendly city. Some describe the UAE as the most crypto-friendly country.
What’s more, there is zero tax to pay on cryptocurrency trading in the UAE, as well as zero income or capital gains tax. This combination has made the Middle Eastern country massively attractive to cryptocurrency and blockchain companies and the users of these technologies. There are many UAE crypto traders and plenty of crypto investment options in the UAE.
But is it legal to buy Bitcoin in Dubai? Dubai and the UAE have some regulations on cryptocurrencies, including policies to protect investors. Cryptocurrencies are not licensed or recognized as legal tender; however, there are no laws against buying Bitcoin in the UAE or owning or trading Bitcoin or other crypto.
How to buy cryptocurrency in Dubai
Buying Bitcoin in Dubai and anywhere in the UAE is quite straightforward; it starts with choosing a crypto exchange, registering and creating an account, and then adding the funds needed to buy the cryptocurrency of choice.
Bitcoin is available on any exchange, and other leading cryptocurrencies are available on most major exchanges. Investors who plan to hold on to Bitcoin usually want to move their Bitcoin away from an exchange into a Bitcoin wallet or to more secure Bitcoin storage like a hardware wallet. Let’s look at the steps to buying Bitcoin in the United Arab Emirates:
1. Choose an exchange
The first priority when choosing an exchange is security; crypto buyers should always research the exchange and check online reviews, then review the coins, the exchange lists and the fees.
2. Register
Registering with an exchange starts with an email, a password and any other security authentication available. Cryptocurrency exchange users should always make full use of any additional security options. New exchange users will usually need to provide the exchange with an image of a piece of photo ID to complete its Know Your Customer (KYC) checks.
3. Fund and buy
Once an account has been created, funds can be added from fiat accounts. After that, it’s possible to buy BTC with UAE dirhams easily this way or to select another trading pair.
Which crypto exchanges operate in Dubai and the UAE?
The intriguing thing is that there are many leading exchanges that operate in the UAE; investors can pick from the most well-known, the best-reviewed, those thought of as the safest, and those with the highest availability of leading cryptocurrencies.
Some of the crypto exchanges and Bitcoin trading platforms in Dubai and the UAE are eToro, OKX, HTX (formerly Huobi) and Binance. Bitcoin brokers in the UAE, such as Rain, OKX, Uphold, Bybit and Binance, are regulated by the UAE Financial Services Regulatory Authority (FSRA) or the Abu Dhabi Global Market (ADGM).
How to choose Bitcoin wallets in Dubai
Just like Bitcoin trading platforms in Dubai, there are lots of options for Bitcoin wallets in Dubai to store crypto safely. The first step is to choose a Bitcoin wallet suitable for investor plans or behavior.
Online wallets or wallet applications aren’t as safe as hardware wallets, but they can be more suitable for investors planning to move their cryptocurrency holdings or use them on a regular basis. Hot wallets to choose from include Trust Wallet or Electrum.
More valuable Bitcoin holdings or funds left idle for some time are best stored in safer hardware wallets, such as Trezor or Ledger Nano.
Can you buy Bitcoin in Dubai with cash?
It’s possible to buy Bitcoin in Dubai with cash straight from an account or by using a credit card. After an account has been set up with an exchange, the next step is to add fiat money funds to the account and then go on to purchase Bitcoin.
Does Dubai have Bitcoin ATMs?
The UAE is so welcoming to crypto that it is one of the countries to have Bitcoin ATMs, and Dubai’s first Bitcoin ATM was installed at the five-star Rixos Premium Dubai Hotel in 2019. At the kiosk, visitors can insert cash and buy Bitcoin instantly.
![](https://s3.cointelegraph.com/uploads/2023-09/5c6a3818-30f0-41ce-a581-908eabb02bbe.jpg)
Is buying Bitcoin via P2P in Dubai common?
Peer-to-peer (P2P) cryptocurrency exchanges allow users to trade Bitcoin directly with one another, unlike centralized or decentralized exchanges. On a P2P exchange, it’s possible to look at a seller’s list of assets for sale and choose accordingly. Buyers and sellers agree on the price of the cryptocurrency for sale before the sale is made.
P2P exchanges can be more common in countries with greater restrictions on cryptocurrency exchanges; in Dubai, that’s not the case. The major exchanges operating in Dubai often have P2P functionality as well as standard trading options, which provides the best of both worlds. The exchanges offering P2P trading in Dubai include Binance, Paxful, OKX, HTX, Bybit and KuCoin.
Are there crypto-friendly banks in the UAE?
It is interesting to know how banks in Dubai and the UAE view cryptocurrencies and crypto users. The UAE doesn’t fail the crypto entrepreneur, and there are a number of crypto-friendly banks in the UAE that will allow crypto businesses to open and use fiat accounts.
First Abu Dhabi Bank (FAB) has no policies restricting its customers from buying and selling crypto. Although it doesn’t offer crypto trading, it’s possible to link an FAB account with a crypto exchange to fund Bitcoin purchases. FAB also has future plans to leverage Web3 and digital assets for its users.
Exercise caution while dealing with cryptocurrencies
It is fortunate for Dubai residents to have access to a vibrant financial environment that enables them to engage with the world of cryptocurrencies.
However, it is important to remember that the value of Bitcoin and many other cryptocurrencies is extremely volatile and subject to significant price swings in either direction. Therefore, before entering the cryptocurrency market, careful research and knowledge of the risks involved are crucial.
Cryptocurrency
Bitcoin to $500K, Ethereum to $20K? Analyst Forecasts a Major Crypto Surge
![](https://letizo.com/wp-content/uploads/2025/02/bitcoin-to-500k-ethereum-to-20k-analyst-forecasts-amajor-crypto-surge_67a50d2641452.jpeg)
Crypto analyst Michaël van de Poppe has made a bold prediction, forecasting that the price of Bitcoin could reach $500,000, with Ethereum’s soaring past $20,000 in the coming years.
His outlook, supported by macroeconomic trends and growing institutional adoption, suggests that the crypto market is on the cusp of an unprecedented rally.
Overcoming ‘Bear Market PTSD’
Market sentiment is currently quite low following one of the biggest daily sell-offs in crypto history, which saw more than $400 billion wiped off in less than a day. However, while Van de Poppe acknowledges the bearish outlook, he argues that the market is primed for a major bull run.
According to him, a “perfect storm” is brewing, fueled by growing institutional adoption and the U.S. government’s more tolerant stance on crypto. This includes a proposal for a national digital asset stockpile. Additionally, institutions are launching crypto products providing greater market access and banks have been given the leeway to offer custody services following the SEC’s revocation of SAB 121.
Van de Poppe admitted that many investors were skeptical, still haunted by past downturns, a phenomenon he called “bear market PTSD,” which makes it hard for traders to believe in a long-term uptrend. Nonetheless, he argued that Bitcoin and Ethereum’s trajectories should not be judged by past cycles alone, especially given their increasing global adoption and the ongoing influx of institutional capital, including millions spent on crypto by an organization linked to U.S. President Donald Trump.
A shifting macroeconomic landscape could also boost crypto’s explosion. The analyst suggests that China’s economic strategy to deal with Trump’s new tariffs could create the perfect condition for altcoins to thrive.
In his opinion, the Asian giant has two options to counter the U.S.: devalue its currency to continue exporting products into the United States or focus on its own domestic market to become stronger. If it chose the second option, it would mean selling its dollar reserves, buying back the renminbi, and making it solvent.
Such a situation, in Van de Poppe’s opinion, would cause the dollar to lose some of its strength, and a weaker dollar coupled with lower yield bonds often leads to increased capital flow into digital assets.
Exponential Gains
Taking everything into consideration, Van de Poppe outlined two likely possibilities. In the blow-off top scenario, he envisions a rapid bull run, similar to the dot-com boom of the ‘90s, which could see BTC shoot up to anywhere between $300,000 and $500,000 before a sharp correction.
Ethereum would follow suit and could climb past $20,000 with the acceleration of institutional adoption, potentially powered by its new marketing initiative, Etherealize.
The second option would be an extended supercycle, leading to a slower but self-sustaining rally that could drive Bitcoin’s value towards $1 million over the next few years. ETH would also benefit from taking advantage of the expected growth of layer-2 networks and institutional DeFi integration to push to $30,000.
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Cryptocurrency
Dogecoin Whales Make a Huge Move: Is DOGE’s Price Poised for a Rally?
![](https://letizo.com/wp-content/uploads/2025/02/dogecoin-whales-make-a-huge-move-is-doges-price-poised-fora-rally_67a50d321e04a.jpeg)
TL;DR
- Large investors bought 750 million DOGE during the recent dip, potentially setting the stage for a price rebound.
- While some analysts expect a further drop to $0.17, historical trends suggest the possibility of another explosive bull run for Dogecoin in the coming months.
Time for a Reversal?
The cryptocurrency market has suffered substantial losses in the past week, mainly due to the crash witnessed on February 3. Bitcoin (BTC) is down 6% for that timeframe but it was the altcoins that took the major hit.
The OG meme coin, Dogecoin (DOGE), was among the biggest losers, with its price plunging well below $0.30 and tanking by 21% weekly (per CoinGecko’s data).
However, it seems like whales have interpreted the downtrend as a “buy the dip” opportunity and increased their exposure to the asset. X user Ali Martinez revealed that large investors purchased 750 million tokens (worth almost $200 million) during the correction. “This is a strong sign of confidence in the market,” the analyst claimed.
Whale accumulation is often seen as a bullish signal since it could make some traders follow suit and thus trigger a potential price uptrend. The buying spree also leaves fewer assets available on the open market, meaning DOGE’s valuation might head north (assuming demand remains constant or increases).
The whales’ latest actions contrast to those at the beginning of the month. Back then, they offloaded 270 million DOGE in the span of 24 hours, which was shortly after, followed by a price decline.
DOGE Predictions
The meme coin’s market dynamics have caused numerous people to speculate on its next potential move. The X user AMCrypto assumed that DOGE might be headed for a further decline to as low as $0.17 before rallying toward a new all-time high.
Trader Tardigrade and KALEO also chipped in recently. The former forecasted a massive bull run, citing the token’s historical performance:
“In the 2016 pullback, DOGE retraced 59.76%, followed by a +9,221% bull run. In the 2020 pullback, DOGE retraced 56.2%, followed by a +30,693% bull run. When in doubt, check the macro chart.”
KALEO was bullish, too, seeing $0.25 as “a solid entry and practically free compared to where we’ll see it a few months from now.”
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Cryptocurrency
Academic Labs to Be Listed on Bitpanda, Unveils AI-Powered Education Whitepaper 2.0
![](https://letizo.com/wp-content/uploads/2025/02/academic-labs-to-be-listed-on-bitpanda-unveils-ai-powerededucation-whitepaper-2-0_67a50d1a523fe.jpeg)
[PRESS RELEASE – Singapore, Singapore, February 6th, 2025]
Academic Labs, a notable innovator in the education sector, has announced its listing on Bitpanda, one of Europe’s largest cryptocurrency exchanges. This milestone follows the release of Whitepaper 2.0, which details advancements in its EduFi Ecosystem, built on the Solana blockchain. The whitepaper introduces the AAX Chain and the AI-Agent layer, two innovations aiming to transform education by harnessing AI and Web3 technologies. Notably, Academic Labs has demonstrated remarkable potential, with its cryptocurrency volume doubling and rising by 70% even when the market was down, indicating strong prospects for 2025.
Whitepaper 2.0 introduces two innovations: the AAX Chain and the AI-Agent layer. The AAX Chain, built on the Solana blockchain, harnesses its high-speed, low-cost, and scalable infrastructure to optimize educational resources and facilitate seamless knowledge discovery, curation, and sharing. The native AAX Token, following the SPL token standard, serves as the lifeblood of the ecosystem, enabling value exchange, governance, and incentivization.
The AI-Agent layer enhances personalized learning by leveraging the power of advanced machine learning algorithms. By analyzing large amounts of data from the Universal Library of Knowledge and the comprehensive Learner Data Layer, the AI-Agent generates adaptive learning paths, content recommendations, and targeted support, ensuring that each learner receives a tailored educational experience.
Whitepaper 2.0 also highlights the integration of decentralized identity (DID) within the Academic Labs EduFi Ecosystem. Leveraging the Solana blockchain’s capabilities, learners can create and manage their digital identities securely and transparently, empowering them to showcase their achievements and skills across various platforms while maintaining control over their educational data.
Furthermore, the whitepaper explores the incorporation of decentralized science (DeSci) and decentralized finance (DeFi) applications within the ecosystem. By tapping into Solana’s robust DeFi infrastructure, Academic Labs offers learners and educators novel opportunities to engage with tokenized assets, participate in yield farming and staking programs, and access innovative funding models for educational projects and research endeavors.
The tokenomics of the AAX Token, as detailed in the whitepaper, ensure the long-term sustainability and growth of the Academic Labs EduFi Ecosystem. With a carefully designed token allocation and unlocking schedule, the ecosystem is structured to align incentives and foster long-term commitment to the platform’s success.
Prior to Whitepaper 2.0, Academic Labs had already made steady progress in the EduFi space, launching a successful MVP, hosting hackathons and courses at top universities, and empowering various ecosystems with more than 2 million people.
The whitepaper outlines an ambitious timeline for expanding the Academic Labs EduFi Ecosystem. The platform plans to launch a suite of new products powered by AI and gamification functions in the coming months, enhancing user engagement and learning outcomes. Additionally, Academic Labs aims to secure new listing opportunities for the AAX Token across global cryptocurrency exchanges, increasing liquidity and accessibility for users worldwide.
Following the prior listing on Gate.io, on February 7th, Academic Labs will be listed on Bitpanda, one of Europe’s largest cryptocurrency exchanges. This represents a key step in Academic Labs’ efforts to expand its education-focused initiatives through Web3 and AI.
With the introduction of the AAX Chain, AI-Agent layer, and the planned expansion of its product offerings and token listings, Academic Labs aims to develop AI-driven solutions for the education sector. The integration of advanced technologies, along with the platform’s existing ecosystem, supports its ongoing efforts to enhance digital learning experiences.
About Academic Labs:
Platform: https://acad.live
CoinGecko: https://www.coingecko.com/en/coins/academic-labs
Gate: https://www.gate.io/tr/trade/AAX_USDT
Bitpanda: https://www.bitpanda.com/en/bitpanda-spotlight
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