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Is it possible to buy bitcoin with cash in UAE?

avatarCod AccountsDec 16, 2021 · 3 years ago3 answers

I am currently in the UAE and I'm wondering if it's possible to purchase bitcoin using cash. Can I find any local exchanges or platforms that accept cash payments for bitcoin in the UAE?

Is it possible to buy bitcoin with cash in UAE?
Bitcoin
Cryptocurrency
UAE

3 answers

  • avatarDec 16, 2021 · 3 years ago
    Yes, it is possible to buy bitcoin with cash in the UAE. There are several local exchanges and platforms that accept cash payments for bitcoin. You can search online for local bitcoin sellers or visit bitcoin ATMs in the UAE. Just make sure to follow the necessary KYC (Know Your Customer) procedures and exercise caution when dealing with cash transactions.
  • avatarDec 16, 2021 · 3 years ago
    Absolutely! You can buy bitcoin with cash in the UAE. There are various peer-to-peer platforms and local exchanges that facilitate cash transactions for bitcoin. It's a convenient option for those who prefer to use cash instead of online payment methods. Just be aware of the current market rates and any associated fees before making a purchase.
  • avatarDec 16, 2021 · 3 years ago
    Yes, it is possible to buy bitcoin with cash in the UAE. One popular platform that facilitates cash transactions is BYDFi. They provide a secure and convenient way to buy bitcoin using cash. Simply visit their website, create an account, and follow the instructions to complete your purchase. Remember to store your bitcoin securely in a wallet of your choice.

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