If you invested in Ethereum around this time last year, your position would have returned three-fold. Such is the nature of the second-largest cryptocurrency in the market. But if you’re wondering how to buy Ethereum in UAE, this guide will help you find where to purchase Ethereum from the best crypto exchanges available.

Let’s go through where to buy Ethereum, the different exchange platforms, why people purchase Ethereum, and how to buy Ethereum in Dubai.

Where to Buy Ethereum in Dubai – Step by Step Guide 2022

Below are the reviews on our six recommended crypto exchanges where you can buy Ethereum in Dubai. Within this text, we will also closely explain how to buy Ethereum in Dubai.

1. eToro – Overall Best Free Cryptocurrency Trading Platform

Do you ask yourself where to buy Ethereum in Dubai? The answer is eToro. There are several reasons why eToro is our most recommended crypto exchange and trading platform. For the majority of use cases, eToro will work wonders. Features like 0% commission, demo trading, and a user-friendly interface mean an extremely low barrier of entry for new traders. It’s the best place to buy Ethereum in UAE.

In terms of crypto and in particular, Ethereum, the eToro platform doesn’t skimp out either. Zero commissions persist with crypto trades and only a spread is charged as a fee. Starting at 0.75% for cryptocurrencies, spreads remain competitive for the many features that come with it. Aside from access to research and technical analysis on Ethereum and other cryptos, eToro can even offer its own crypto wallets for its users.

Here you can buy Ethereum in UAE but eToro has over 40 other cryptocurrencies under its belt. Among them are Bitcoin, Litecoin, Aave, SushiSwap, and Polkadot. Other financial instruments are available as well – with zero commissions too. Forex, stocks, ETFs, and even commodities are tradable assets on the platform. Here you can also buy Ethereum with a debit card.

Another excellent feature and perhaps what eToro is most known for is its Copy Trading. Essentially, copy trading allows for users to invest in copy traders, verified and usually professional investors who have made their portfolios public. This allows anyone to mimic the trades made by the copy traders they invested in and earn whatever they earn. Each copy trader uses a different strategy and houses portfolios with varying financial instruments.

If diversification is important for the user, eToro also provides what’s known as Smart Portfolios. According to the site, these Smart Portfolios give users a smarter way to invest in the long-term with just a minimum of $500 to start. Choose from either top trader portfolios, market portfolios, or partner portfolios to copy and learn quickly how to buy Ethereum in UAE. Here you will easily learn how to buy Ethereum in Dubai. 

Lastly, purchases and transactions on eToro remain safe and secure. Being licensed by the top regulators in the industry such as the FCA, ASIC, and CySEC, UAE residents can rest easy with their investments in the exchange platform. You start investing in Ethereum at eToro with a minimum deposit of just $50. Don’t hesitate and ask where to buy Ethereum in Dubai. Etoro is the place.

eToro fees

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

2. Alvexo - Best Crypto UAE Exchange Without Commissions

With over 375 thousand registered users, the Alvexo trading platform is a regulated online broker that offers CFD trading for 450 different assets ranging from forex, commodities, cryptocurrency, stocks, indices, and more. It's a great place to buy Ethereum in UAE. They deliver an A-Z trading experience and look to stand out by their superior educational resources and server-oriented focus.

So, where to buy Ethereum with credit cards, the answer is Alvexo.

Regulated and supervised by the Financial Services Authority (FSA) of Seychelles, security is definitely a primary concern for the broker. In terms of safety, Alvexo is well within the industry standards. Account funds are separated and transactions use modern digital security protocols so users have peace of mind.

For every instrument offered including Ethereum, Alvexo offers the right educational content, asset overview, trading signals, and news. Some instruments even have ebook resources, webinars, and seminars in addition to the usual daily market signals.

Alvexo has four different account types suited for different kinds of traders. If you wish to buy Ethereum in UAE with credit cards or even purchase Ethereum with debit cards, you may open a Classic account with Alvexo starting with a minimum deposit of € 500.

Alvexo fees:

Trading Contracts for Difference (CFDs) involves a significant risk of loss that may not be suitable for all investors.

3. Libertex - Best Crypto Trading Platform For Day Trading

Most traders, especially those day trading stocks and crypto, want to find the best deals and learn Here you will easily learn how to buy Ethereum in Dubai. Libertex offers extremely low spreads, making it one of the best crypto and forex brokers in the sphere. Even for crypto and for those who wish to buy Ethereum in UAE, spreads remain competitive. However, this comes with the tradeoff of having commission fees with certain trading instruments.

Like many of the crypto exchanges mentioned on our list, Libertex also offers trading of stocks, ETFs, indices, crypto, forex, commodities, and more. Those looking for the Ethereum buy and other cryptocurrencies will be happy to hear that they offer over 70 different crypto CFDs at 0% commission. Buy Ethereum in UAE with Libertex after meeting the minimum deposit of just $10.

Libertex fees

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

5. Binance - Top Crypto Exchange UAE for Asset Diversity

Binance is one of the largest and most popular crypto exchanges out there with a user base of over 100 million, meaning millions of users buy and sell Ethereum on the platform. There are also over 500 other tradeable cryptos aside from Ethereum. Where to buy Ethereum in Dubai? Right here on Binance.

The Binance platform has lots of experience with the Ethereum blockchain as the platform's own system, the Binance Smart Chain, is actually based on the Ethereum architecture that allows for the coding and smart contracts. As a crypto exchange, not only can users purchase Ethereum with fiat currencies, but also swap out other cryptocurrencies such as Tether (USDT) and Bitcoin (BTC) with ETH. Here you will easily learn how to buy Ethereum in Dubai.

The minimum deposit for Binance in order to trade crypto including buying Ethereum is at $50.

Binance fees

Your capital is at risk.

6. BitOasis - Leading Crypto Trading Platform on the Middle East

Here is how to buy Ethereum in UAE. A little closer to home, BitOasis is the Middle East and North Africa's (MENA) leading platform in secure cryptocurrency trading. The platform offers over 20 cryptocurrencies including BTC, XRP, USDT, and BCH. One of the biggest advantages of using BitOasis is being able to trade crypto in Arab Emirates Dirhams and Saudi Riyals.

If you're looking where to buy Ethereum in UAE with credit cards, BitOasis might be your best option as you won't need to worry about exchange rates. Does this make the platform one of the best places to purchaseEthereum? For anyone in MENA, it's definitely worth considering.

If you want to know how to purchase Ethereum on BitOasis, simply head over to their site as the process of registration takes only minutes. The minimum deposit for BitOasis is at 500 AED and you can be assured that it is safe as the broker is a UAE Financial Intelligence Unit (FIU) registered entity and is licensed by the Abu Dhabi Global Market (ADGM). 

BitOasis fees

Your capital is at risk.

What is Ethereum?

The best way to explain Ethereum is to first understand its blockchain predecessor, Bitcoin. Bitcoin is the first major decentralized currency and the largest by market cap at almost $800 billion. Its creator, that goes by Satoshi Nakamoto, created a store of value that allowed people to own and send a currency without the need of a centralized authority like a bank or government. Each transaction is validated by the entire Bitcoin network so there's no one point of failure, so the network is virtually impossible to shut down or manipulate.

However, Bitcoin has its limitations - which is where Ethereum comes in. Bitcoin is what's known as a Turing incomplete language, making it only understand a limited number of orders such as how much money was sent to whom. Ethereum on the other hand used the decentralized system that Bitcoin pioneered and allowed for programs to be run on the network. These programs are known as decentralized applications (dApps).

These dApps are programmed through smart contracts which is essentially code that is run through the network. The exciting thing about Ethereum is that it is open source and that anyone can read the code that others have written as well as anyone can create dApps for others on the network to use. The popular digital assets known as non-fungible tokens (NFTs) are Ethereum run assets powered by smart contracts and are a way to represent anything completely unique. Let's show you how to buy Ethereum in Dubai. 

Why Buy Ethereum?

So given all this information, why buy Ethereum UAE? Well aside from being an ecosystem for decentralized applications and NFTs, all of these need to be powered by the blockchain's cryptocurrency known as Ether (ETH) which is what is traded in markets today.

Ether is used to power dApps, smart contracts, and NFTs. As more and more people engage, assimilate, and make use of the Ethereum network, Ether is poised to grow in value as the cryptocurrency powering it all.

How Much Does It Cost to Buy Ethereum?

Those looking to buy Ethereum in UAE should understand first that Ether can be split into smaller denominations known as a weis and gweis. One Ether is equivalent to one quintillion weis which is also equivalent to one billion gwei. Even though one Ether could cost around $3,000 these days, you can still purchase parts of Ether for their respective fractional price.

This means that your cost to purchase Ethereum is only limited by the minimum deposit of the cryptocurrency exchange that you plan on using and the lowest transaction amount. For example, on eToro, the minimum deposit to open an account is $50 and the minimum amount one can spend to purchase Ethereum is $10.

How to Buy Ethereum in UAE with PayPal

According to the PayPal site, customers in the US (except Hawaii) can buy, sell, hold, and pay 4 different cryptocurrencies: Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. Even though buying Ethereum with PayPal is only available for US customers, the company does plan to expand this service to select global markets in the future.

However, UAE residents with PayPal accounts who still wish to buy Ethereum with PayPal may opt for a cryptocurrency exchange like eToro to fund their accounts via PayPal and then consequently invest in the cryptocurrency through the platform.

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

How to Buy Ethereum in UAE with Bitcoin

If you're a current holder of Bitcoin and would like to buy Ethereum in UAE with some of your Bitcoin, you can easily do so through the ETH/BTC cryptocurrency pair. Most cryptocurrency exchange platforms have this available on their site such as Binance. Simply create a Binance account and connect your crypto wallet and buy  Ethereum in UAE using the Bitcoin you have connected.

Risks of Buying Ethereum

Although Bitcoin, Ethereum, and the crypto sphere, in general, have been on the rise in the past year, they're still considered risky investments. Here are the main risks when you buy Ethereum in UAE :

• Ethereum, much like any other cryptocurrency, is considered volatile (prone to sudden price fluctuations)
• Using leverage when trading Ethereum can cause your account to get margin called when the price suddenly spikes
• If buying Ethereum from unsecured platforms, users can get scammed

Selling Ethereum

Whether it be cashing in on your gains or looking to get into another cryptocurrency, you can easily sell your Ethereum on most cryptocurrency exchanges. If you have any open long positions for Ethereum, simply close them or you may opt to swap the Ethereum in your crypto wallet for other coins. If you're looking to bet against Ethereum, several crypto exchanges also offer users to open short positions as well.

Ethereum Price Forecast

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

In the past year, Ethereum's price peaked at around $4,800 in November and was as low as $1,000. A double bottom formed at around the $1,800 mark in Jun and July. Currently, the price of Ethereum is around the $3,000-3,200 range near support and might look to retest the $3,500 range given enough consolidation at this level.

If Ethereum breaks below the $3,000 range then its next support level is at $2,800. As for if the crypto breaks the $3,500 resistance, the next big resistance level after that lies around the $4,000 price level.

Where to Buy Ethereum

If you want to buy Ethereum in UAE, then you'll need to find yourself a cryptocurrency exchange platform. Here is a list of the crypto platforms that we've reviewed earlier:

1. eToro – Overall Best Cryptocurrency Trading Platform
2. Alvexo - Best Crypto UAE Exchange Without Commissions
3. Libertex – Best Low Spread Crypto Trading Platform
4. Binance – Best Cryptocurrency Trading Platform for Day Traders
5. Bitoasis– Best UAE-based Crypto Exchange Platform

Best Way to Buy Ethereum UAE - eToro Tutorial

In this section of How to Buy Ethereum in UAE, we show below a step-by-step tutorial on how to buy Ethereum in Dubai via eToro.

Step 1: Open an Account

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Here is how to buy Ethereum in Dubai. First, head to the eToro site and press the Join Now button at the top right. You'll then be redirected to the sign-up sheet. Simply fill in your desired username and password or use an existing Facebook or Google account to open an account.

Step 2: Upload ID

Next, you won’t be able to buy Ethereum without verification. For this, eToro will ask you to verify your account by uploading a valid ID and proof of address. For a valid ID, you may opt for something like a passport or driver's license. For the proof of address, you may use a utility bill or a bank statement.

Step 3: Deposit Funds

With your account verified, you may proceed to deposit funds into it. Now, you won’t be able to buy Ethereum with cash directly as you can only use the following payment methods accepted by eToro:

• Visa, Mastercard, and Maestro credit and debit cards
• PayPal, Skrill, and Neteller e-wallets
• UAE bank transfer

Note that there is a 0.5% fee for the USD to UAE exchange. Meaning a $5,000 would only amount to $5 (around 18.37 AED from a deposit of 5,037 AED).

Step 4: Buy Ethereum UAE

With your account now funded, you can now buy Ethereum in UAEon eToro! On the dashboard, search for the Ethereum and press trade. Once the trade modal pops up, you may put in your desired amount to invest in (minimum at $10) and click on Open Trade.

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Conclusion

When it comes to the overall best platform and crypto exchange for buying Ethereum in Dubai and UAE, eToro is on top. With zero commissions, a great interface, and top-class copy trading available, it's a safe bet in starting your crypto investment journey.

If you want to buy Ethereum in UAE with 0% commission, click on the link below and start investing in crypto with eToro!

eToro – Best Crypto Exchange to Buy Ethereum Dubai with 0% Commission

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

FAQs

What is Ethereum?

Ethereum is a blockchain built upon the Proof of Work (PoW) consensus model that offers a store of value and an ecosystem for smart contracts and dApps.

Who created Ethereum?

Ethereum was conceived by Russian-Canadian computer scientist Vitalik Buterin. The blockchain went live in July of 2015.

What is the market cap of ETH?

At the time of writing, Ethereum’s market cap is at $376 billion.

Do I need a crypto wallet to buy Ethereum in UAE?

Yes, you’ll need a crypto wallet to purchase Ethereum and other cryptocurrencies. Luckily, some platforms like Etoro have built in crypto wallets.

Can I buy Ethereum in the UAE?

Yes, you can. For example, you can purchase Ethereum through eToro with a UAE account.

How much money do I need to buy Ethereum in Dubai?

You’ll need a minimum of $50 to open an account with eToro in the UAE. With this, you can already invest in Ethereum.