Page Summary
Binance is the leading cryptocurrency exchange by market cap in the UAE. It has held this position for years and has an excellent reputation. The Binance exchange is a top choice for traders worldwide and offers impressive benefits for UAE traders. This exchange has a native currency, the Binance Coin (BNB.)
Binance Coin is a top choice for traders at all levels. The Binance exchange requires BNB to pay for network fees related to trading on the platform. Traders buy and hold BNB for the long term to receive additional benefits. This article discusses how to buy Binance Coin (BNB) in the UAE.
List Of The Best Exchanges For Binance Coin:
- eToro – Best overall broker for Binance Coin and other crypto assets
- Binance – has an excellent digital assets portfolio for UAE traders
- Coinbase – is a leading global exchange with top-tier licenses and access to many coins
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
| RANK | BROKER | GENERAL | PLATFORM SCORE | BEST FOR | WEBSITE |
|---|---|---|---|---|---|
| #1 | eToro | Excellent social trading features | 4,9/5 | Best overall broker | Official website |
| #2 | Binance | Premium account features | 3,1/5 | Top cryptocurrency exchange | Official website |
| #3 | Coinbase | Access to many coins | 2,6/5 | Leading global exchange with top-tier licenses | Official website |
Best Crypto Exchanges For Binance Coin In Overview:
1. eToro – Best Overall Broker To Buy Binance Coin In UAE
Min Deposit: $100
Fees: 4.8
Assets available: 4.8
Total Fees:
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong Take 2 min to learn more
ou can buy Bitcoin in UAE with eToro for as little as $10 minimum trade requirement. AED deposits will cost you 0.5% on all supported payments including Paypal and you will need to deposit a minimum amount of $100 to open an account. eToro charges a competitive 1% spread fee on all Bitcoin trades.
You can open a trading account at eToro online or via the iOS and Android mobile app – both options offer a great user experience. Once your account is up and running, you will be able to buy Bitcoin instantly with your UAE credit or debit card.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong Take 2 min to learn more
2. Binance – Excellent Digital Assets Portfolio For UAE Traders
Binance is a trustworthy crypto exchange available worldwide. It offers many digital coins, including Ethereum, Bitcoin, and Ripple. Binance has 100+ different trading pairs, including fiat currency and crypto pairs. This platform has premium account features, including staking rewards.
Binance is a good fit for advanced crypto traders who search for reliable day trading services. Users receive access to instant buy features with a debit card. Binance support is impressive and offers knowledgeable answers to most queries. This exchange doesn’t provide a native hot wallet. It has limited learning tools and some research features. We recommend Binance to professional crypto enthusiasts who want access to lower trading fees.
3. Coinbase – Leading Global Exchange With Top-Tier Licenses
Coinbase is a popular crypto trading exchange with a versatile portfolio. It offers access to many coins and a competitive fee structure. Coinbase has a beginner-friendly main platform and a professional service, Coinbase Pro.
Coinbase provides access to custodial wallets. These let Coinbase account holders secure their assets. The Pro platform is free and offers professional tools. This exchange has many investment solutions for traders at all levels. Coinbase offers 80+ digital assets, including Ethereum, Bitcoin, and Litecoin. We recommend it for professional crypto traders.
How We Chose The Best Exchanges For Binance Coin
We choose the best exchanges for buying Binance Coin based on several criteria including Fees, Account, Withdrawal, and Deposit. We commit to offering help to all UAE traders. Our goal is to help beginner and advanced traders make intelligent choices with their money. This focus is the reason why we share both strengths and weaknesses.
Fees: A simple fee structure adds to an excellent online trading experience. Some exchanges in the UAE have a transparent fee structure; others don’t. Read our in-depth reviews to learn more about fees and crypto exchanges.
Account: Most cryptocurrency exchanges have different account tiers. Some exchanges request a minimum deposit fee. Others don’t charge an initial fee for new accounts. Read our in-depth reviews for more information about account tiers and exchanges.
Withdrawal and deposit: Withdrawing and depositing funds must be simple. Funding an account takes longer with some exchanges than with others. Some crypto exchanges have a low minimum deposit. Check the policies available with cryptocurrency exchanges in our in-depth reviews.
Market and products: Each exchange has different market and asset coverage. You should choose an exchange with a versatile digital asset portfolio. Verify our in-depth reviews for more information on exchanges and assets.
Trading platforms: A platform with a user-friendly design contributes to a good trading experience. Choose an exchange with an intuitive platform and a comprehensive portfolio. The UAE exchanges in our reviews are secure, but some might be challenging for beginners. Read our in-depth reviews to learn more about crypto exchanges in UAE.
Customer support: Customer service is important for your online trading success. Reliable and secure exchanges offer phone support, email, and live chat.
Safety: A secure UAE crypto exchange has top-tier licenses. It offers industry-leading security measures for all accounts. Our in-depth reviews discuss online trading safety for UAE traders.
How To Buy Binance Coin In UAE
The best crypto exchanges to buy Binance Coin are eToro, Binance, and Coinbase. eToro is the leading broker with trustworthy social trading tools and crypto services. Coinbase is a popular global exchange with a versatile portfolio and top-tier licenses.
The Binance Coin is a top choice for UAE traders. We recommend you choose eToro to trade Binance coins in the United Arab Emirates. It is the highest-rated social trading platform with excellent crypto trading services. There are four simple steps to follow to buy BNB with eToro:
- Sign up with eToro: Access eToro’s main website and register a new account.
- Submit a valid ID: You’ll have to pass account verification before you start trading BNB. A valid ID, such as a passport or driver’s license, is necessary.
- Make your first deposit: After you pass account verification, you have to fund your account. UAE traders receive access to credit or debit cards, bank transfers, or e-wallets funding.
- Buy Binance Coin: Search for the ticker symbol “BNB,” and you will see the Binance Coin price. Click on the coin and start buying or selling BNB.
Where To Buy Binance Coin In UAE?
UAE traders buy Binance Coin securely with a crypto trading platform. The top two trading platforms we recommend are eToro and Binance.
Buying Binance Coin With eToro
eToro is a global brokerage firm with top-rated crypto exchange platforms to buy Binance Coin. It has a versatile portfolio with access to digital coins, equity investments, and forex options. The leading crypto coins available with eToro are Bitcoin, Ethereum, BNB, and Litecoin.
This brokerage firm offers a valuable virtual trading account. Demo trading lets you test different crypto trading strategies with live market prices. It is an excellent approach for traders at all levels. If you want to analyze the price movements of Binance Coin with eToro, the demo account is the best choice.
UAE traders choose eToro because of its competitive fee structure. 0% commission, and it charges a 1.90% spread for withdrawing crypto. eToro has the best social trading features. It highlights top traders and lets UAE traders copy their trading positions. eToro has many advantages for UAE traders. It offers many funding options, a crypto wallet, and 24/5 support.
Pros
- Commission-free trading,
- Features many popular cryptos,
- Regulated by the FCA,
- Mobile app available,
- Offered in many countries,
- Demo account
Cons
- It has a high spread,
- It lacks smaller cryptos and stocks
Buying Binance Coin With Binance
Binance is a leading crypto exchange with access to its own coin, BNB. It is a top choice for advanced UAE traders as it has many technical uses. The Binance platform has a professional interface and high amounts of leverage solutions.
Binance offers some learning tools for beginners. It has learning tools and tutorials to help beginner UAE traders invest in crypto. Binance offers 50+ crypto assets. Its stablecoin, BNB, comes with attractive incentives and discounts on trading fees.
This crypto exchange has a transparent fee structure. The execution fees start at 0.10% per trade. Binance account holders diminish their fees by 40% by having BNB currency in their wallets. The minimum deposit fee at Binance is £15 for credit/debit card funding. Binance has top-tier licenses and follows strict regulations under the FCA.
Pros
- More advanced tools and technical indicators,
- Offers tutorials for beginners,
- Low spreads,
- Mobile App available,
- Advanced trading platform
Cons
- It is not intuitive for beginners,
- It has an unclear regulatory status
Buying Binance Coin With Coinbase
UAE traders buy Binance Coin using Coinbase. It is a leading crypto exchange with a versatile portfolio and access to BNB. It has a long track record in the industry. Coinbase is a regulated exchange, and it is a world-leading digital currency platform. It offers access to popular crypto coins, including Bitcoin, Ethereum, and Binance Coin.
Coinbase offers user-friendly trading platforms and services. It has many learning materials and research tools. Coinbase is a top choice for UAE traders, especially when trading crypto.
Pros
- Secure platforms and wallets,
- Access to dozens of digital assets, including Bitcoin and Ethereum,
- Beginner-friendly main platform,
- Access to professional services with Coinbase Pro
Cons
- Expensive fee structure, higher than with most exchanges,
- Lack of control of private keys when you keep your assets in your Coinbase account
How To Buy Binance Coin Using eToro?
The best UAE platform to buy Binance coin with is eToro. This online broker offers secure services and platforms for traders at all levels. Here is a step-by-step guide on using eToro to buy BNB in the UAE.
Step 1: Open A Trading Account On eToro
The first step for UAE traders is to open a trading account with eToro. The sign-up form is available on their official website. You’ll have to submit your full name, address, source of funds, date of birth, and contact information.
Step 2: Verify Your Trading Account
After you’ve submitted the mandatory information, the next step is to verify your account. eToro lets investors trade up to $2,000 before verifying their account. Users have to submit an image of their ID and proof of residence. eToro is a secure broker that follows strict KYC regulations from the UAE. Verifying trading accounts is mandatory for all UAE traders.
Step 3: Fund Your Account
eToro has many funding options. Select the deposit option that meets your needs. After you decide on a funding method, the next step is to buy BNB.
Step 4: Buy Binance Coin
When your deposit appears in your wallet, eToro lets you complete your first crypto “buy.” Digital coins have different symbols. Clicking on one ticker will start to set up your trade. Select the amount of crypto you’d like to buy and click “Submit.” Your transaction will complete in a matter of minutes.
What Is Binance Coin?
Binance Coin is the native digital coin of the Binance exchange. It is a digital asset available throughout the exchange’s ecosystem. The Binance coin serves as their native token and offers attractive incentives.
BNB is the native crypto of the Binance Chain and the Binance Smart Chain. It powers the Binance ecosystem and pays transaction fees on the exchange. BNB acts as “gas” for the Binance Chain and the Binance Smart Chain (BSC). It is popular with UAE traders because its transaction fees are the lowest globally.
Why Should You Buy Binance Coin?
You should buy Binance Coin because it is a top choice for UAE traders. It is a digital coin with an impressive performance. In 2021, it reached an all-time high (ATH) of $690. The Binance ecosystem is reliable and secure. It offers many features for traders at all levels.
Buying and holding BNB comes with great discounts. Binance offers discounts on transaction fees on their exchange. It organizes Binance Coin buy-back events to reduce the supply and make the coin more valuable.
How Much Does Binance Coin Cost?
The cost of Binance coin varies depending on the platform you choose. In 2021, the Binance Coin’s price on the Binance exchange was around $585.95. If you choose a brokerage firm like Plus500, you might have to pay extra fees. Most crypto platforms charge a commission or spread when buying digital assets. eToro has a 0% commission policy on specific assets.
How To Buy Binance Coin Using PayPal?
To buy Binance Coin with PayPal, you have to first create an account. If you have a PayPal account, click the button that says “crypto” in the app or PayPal website. There you will be able to select Binance Coin.
To complete the transaction, you have to have the necessary funds from a debit card or a bank account. PayPal users have a spending option between $1 and $100,000 per week. Keep in mind that PayPal has different crypto exchange fees.
How To Buy Binance Coin Using BTC?
Another option for buying BNB is with Bitcoin. Traders use Bitcoin Cash on most exchanges to fund their brokerage accounts. It is best to store BTC in crypto wallets like Bitcoin Cash wallets. Keeping your funds secure is a must. Read our in-depth reviews to learn more about crypto trading, wallets, and safety.
Buying BNB Safely In The UAE
We recommend traders choose a cryptocurrency exchange or broker with top-tier licenses to safely buy BNB in the UAE. Platforms that follow strict rules under a regulatory body diminish the trading risks. eToro is a leading social trading broker with an impressive reputation. UAE traders receive access to its secure services.
If you want to store Binance Coin in a wallet, choosing a wallet with an encryption key and powerful security protocols is best. Digital wallets use public and private keys. You shouldn’t share your private keys with anyone.
The Risks Of Buying Binance Coin
Digital coins like BNB are speculative assets and come with risks. Trading digital assets remains risky. If you want to avoid losing your investment, you should start with a minimum investment. The Binance Coin is popular and secure, but it might be challenging for beginners. If you buy Binance Coin at a high price and the coin crashes, you risk losing all your investments. Keep in mind that risks increase if you use leverage.
CFD platforms offer the ability to use leverage with BNB. Leverage enables the possibility of dramatic revenue increases. But it increases the risk of losses as well. Cryptocurrency is volatile, and we don’t recommend that new traders use leverage. Read our in-depth reviews to learn more about risk management and online trading.
Selling Binance Coin In UAE
If you hold Binance Coin in your account and plan to sell it, you should use a crypto exchange or broker like eToro. eToro is a top choice for cashing out, and it doesn’t support exchanging crypto for another. UAE traders have to use a secure crypto exchange for this.
Summary
The Binance Coin is a popular asset. UAE traders receive access to powerful platforms and exchanges to invest in BNB. We recommend it for experienced UAE traders. BNB is a secure coin, but you need to know how and where to buy it. It is best to choose an online broker like eToro to invest in Binance Coin.
FAQ
Are There Any Safety Risks For UAE Citizens?
All trading involves risk, however, online trading in the United Arab Emirates is legal and safe. Traders should choose an exchange platform with top-tier licenses from a foreign authority. The FCA, CySEC, and ASIC are the top regulators for online platforms. The platforms in this review are trustworthy and follow strict regulations.
What Is The Financial Regulatory Authority For Cryptocurrencies?
Crypto coins, including BNB, are not regulated by a regulatory authority. Digital coins have no underlying commodity, tangible asset, or intrinsic value. If you lose funds, few countries let traders use the local Financial Services Compensation Scheme. Check with your local authorities for rules and restrictions.
What Is The Difference Between Bitcoin And Binance Coin?
Bitcoin is a decentralized coin that uses the blockchain as a digital ledger. The Binance Coin is the native crypto for the Binance ecosystem and exchange. Bitcoin has many purposes, but Bitcoin technology isn’t comparable to what BNB offers.
What Is The Market Cap Of BNB?
In 2021, Binance Coin’s market cap was $99.03 billion. It is the third-largest crypto coin available.
Is A Crypto Wallet Necessary To Buy Binance Coin?
Yes. UAE traders need a crypto wallet to store BNB. Keeping your funds in the exchange’s wallet isn’t safe. Read our in-depth reviews to learn more about crypto trading, wallets, and safety.
How Much Money Do I Need To Buy BNB?
The amount of money needed to purchase BNB depends on the platform you choose. Buying BNB on eToro comes with a minimum deposit requirement of $50. The exact minimum or maximum varies depending on the platform’s limitations. Check our in-depth reviews to learn more about cryptocurrency and minimum investments.
How To Sell Cryptocurrency In UAE?
Selling crypto coins in the UAE is a simple process. For example, if you choose eToro, you’ll receive access to a portfolio where you have to click on the Sell button. The best way to make money from a crypto investment is through capital gains. A capital gain refers to selling your digital tokens for a higher price than you originally paid. Verify our in-depth reviews to learn more about buying and selling crypto in the UAE.
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Disclaimer
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.