Buy Bitcoin in Dubai with Cash
How to buy Bitcoin in Dubai?
You can buy bitcoin in Dubai at Coinsfera with cash, credit card, and bank transfer. Coinsfera is the crypto currency cashpoint where you can Buy & Sell more than 500 cryptocurrencies with cash in seconds.
Make an appointment with Coinsfera staff via phone, Whatsapp or Telegram.
Visit our Bitcoinshop in Dubai conveniently located at Baniyas Square-14th Rd – Dubai – United Arab Emirates.
Pay with cash (Dirham or US Dollars) and get your Bitcoin.
One of the methods is cryptocurrency exchanges but it is not so easy for the unexperienced users. First, you will need to create an account on one of the major exchanges, confirm your identity, connect a credit card and transfer money, and only then you will be able to proceed with buying and selling bitcoin.
The whole process takes some time, unless, of course, the exchange is suffering from failures and you do not know how to do everything correctly.
Why should you buy bitcoin in Dubai?
The expansion of the use of cryptocurrencies, including at the state level(for example, the UAE);
Large online stores today accept bitcoin, which allows the currency to develop further at a rapid pace;
Security (privacy). You do not use your real name for transaction. Instead, you have a unique address;
The blockchain. The entire Bitcoin system depends on the blockchain. Each computer running Bitcoin software stores its copy of the complete transaction record stored in blocks. As transactions are received, the system creates a new block;
The volatility. In 2017, the price of bitcoin jumped sharply, and the value of the cryptocurrency increased twenty times. No other asset, apart from stocks, can make such a profit. A year later, the bitcoin exchange rate fell, but in 2019 it began to recover;
The complexity of calculating blocks leads to an increase in the value of the asset. The price of bitcoin is growing, due to the complexity of calculating blocks;
Independence and decentralization. This means that they are not attached to any country or government authority, which allows cryptocurrency owners to make transactions without government supervision. On the one hand, this is an advantage, but on the other hand, you cannot to cancel unauthorized transactions.
A positive outlook for cryptocurrencies, which is the basis for the fact that investments in BTC will bring a good income.
How to invest bitcoin correctly?
There are two ways to invest bitcoin. If you like the idea of day trading, one option is to buy bitcoin now and then sell it when its value rises. This method is popular since most users try to make a profit immediately. Sometimes this type of trade brings a good income, and sometimes insignificant. The second way is if you have analyzed the cryptocurrency market, especially the bitcoin market, and see it as the future of the digital currency, then you are investing in bitcoin. In other words, by purchasing it and investing your money. But this method is long compared to the first, which is a disadvantage.
How to store bitcoin?
Bitcoins can be stored in two types of digital wallets: a hot wallet or a cold wallet. With a burning wallet, transactions are faster, while a cold wallet often includes additional security measures that help keep your assets safe, but also take longer.
With the help of a hot wallet, bitcoin is stored on an exchange and is accessible via an app or a computer browser on the Internet. Even though the blockchain technology underlying bitcoin is even more secure than traditional electronic money transfers, bitcoin hot wallets are an attractive target for hackers.
The cold wallet is a small encrypted portable device that allows you to download and transfer Bitcoins. Cold wallets can cost up to $100 but are considered much more secure than hot wallets. As a result, the choice remains for you which wallet to buy hot or cold. But you can think about this option in advance with the help of our qualified team, which will proconsul everything and help you create a wallet.
First Bitcoin ATM in Dubai
In Dubai, there is also an ATM for buying BTC without identity verification. In Dubai, the first ATM was installed in 2019, allowing you to buy bitcoins without passing KYC. However, to withdraw fiat money, you will still need an identity card. Even though ATM is becoming more popular all over the world, security remains the main problem. This ATM was installed at the Rixos Premium Dubai JBR Wellness center in Dubai.
The device allows you to purchase bitcoins for cash. However, you do not need to present your identity card or pass KYC.
Nevertheless, although the purchase of bitcoin is made anonymously, users are unlikely to be able to maintain confidentiality and a high commission than traditional exchanges. To use cryptocurrency in the future, you will have to turn to the services of exchanges and wallets, most of which currently require verification of identity before performing operations.
We offer one the easiest and the best way to purchase Bitcoin with cash. At Coinsfera, Transactions only take 10-15 minutes. Moreover, our friendly staff will provide you with full assistance in this case, if you have any difficulties or questions.