A business, market place where one can buy/sell/trade cryptocurrencies. With the invention & adoption of cryptography, there are Decentralized exchanges that allow peer to peer crypto currency exchanges without the need of a centralised authority or intermediary.
A business that allows users to buy/sell cryptocurrencies in exchange for Fiat currencies. The Biggest hurdle & risk factor while using CEX is that the ownership of your crypto is still with the business. Not your Coins Not your crypto. The advantage it offers users is the ease to buy/sell/trade crypto.
Simply put a Decentralized exchange is an exchange without a middle person or central person& works Peer to Peer. This form has certain advantages & disadvantages. Added feature of DEX is Atomic Swap which makes it possible for cross crypto transactions for eg BTC can be exchanged for ETH or any other crypto.
In the case of Hybrids, certain elements of the exchange are Centralised & some are Decentralized. Often Hybrid exchanges offer some form of security for investors in case of hacks or technical glitch, however, this impacts the cost when buying/elling or trading cryotocurrencies.
Buying your very 1st Bitcoin or crypto can be a very daunting task. User experience needs to be much simpler considering current existing systems are getting cheaper, faster and much secure.
Buying/ Selling & Trading your cryptocurrency should be a very simple and straight forward process.
Find out how we at Blockchain DXB can make your 1st purchase a very simple experience.
A market place similar to Dubizzle in UAE. LocalBitcoins is a peer to peer bitcoin marketplace. Based on the location it offers buyers & sellers a platform to buy/sell Bitcoins. Its service facilitates over-the-counter trading of local currency for bitcoins. Users post advertisements on the website, where they state exchange rates and payment methods for buying or selling bitcoins.
Speak to us about buying or selling your Bitcoins via Localbitcoins in Dubai
BitOasis is the Middle East & North Africa's leading digital asset exchange and wallet. Buy, sell and trade digital assets securely and conveniently
Coinmama, a financial service that makes it fast, safe and fun to buy digital currency, anywhere in the world
Karsha Exchange is now the biggest cryptocurrency exchange in the Middle East and one of the biggest cryptocurrency exchanges in the world. Our mission is to provide the fastest, cheapest, easiest, and most secure exchange services to our valuable customers.
Originating from Bahrain Rain is the first cryptocurrency exchange to earn a regulatory license in the Middle East and joins an elite group of exchanges internationally
While Desktop wallets may be an easier option, it does pose the risk of security and frequent hacks. Leaving your desktop open may also lead to serious vulnerability issues
Paper wallet may be an option however the risk of losing your Bitcoin far outweighs the old school / cool mentality. Technical expertise to inform the Blockchain on the usage also poses a serious threat to lose your cryptocurrency
A hardware wallet may be your best option when it comes to security. With different options available in the market picking the right hardware wallet is critical
Easy to use, however extremely vulnerable to hacking, attacks and virus. An online wallet may not be an ideal wallet if you are storing a large amount of cryptocurrency. However, it is good for a person entering into cryptocurrency to start with an Online wallet
Mobile are relatively easier to use and poses some form of security. With a plethora of options and further securing your cryptocurrency wallet is extremely critical