BitOasis is a leading digital asset wallet and exchange platform that has been aiding customers in buying, selling, and managing cryptocurrencies since 2015.
This exchange platform supports many currencies, including but not limited to Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), etc. Being a local crypto exchange platform, BitOasis lets users effortlessly trade crypto in AED.
BitOasis offers comparatively lower fees to those who are trading in AED than to those who are trading in US dollars. Since the focus is mainly on the Middle East audience, BitOasis provides great features and support to the locals.
In this piece, we will discuss the specifics of BitOasis and why it is the best exchange to buy BTC in AED.
First, let us familiarize ourselves with the definition of BitOasis.
What Is BitOasis?
BitOasis is a leading digital asset wallet and exchange platform based in Dubai, United Arab Emirates, and primarily serves customers in the Middle East and North Africa (MENA) regions.
When we talk about crypto exchange platforms, surely there are other options like Binance that offer advanced trading features. But BitOasis is not behind in this race and is proving to be thoroughly useful for users.
Concerning the major issue, which is safety, BitOasis has Private Keys Integration.
Private Keys Integration
Private keys are secret cryptographic variable keys used in an asymmetric encryption algorithm to encrypt and decrypt messages. These private keys are locked by passwords that are shared with only the generators of the keys and or any party involved.
Private keys offer access to the account and crypto funds. There are public and private keys available for your cryptocurrency wallet. These keys are crucial in the use of your crypto wallet for trading digital assets.
Unlike private keys, the public key is distributed widely and used to encrypt messages. The private key has a big hand in decrypting messages that were encrypted with the corresponding public key.
BitOasis has powerful public and private keys that are provided to the users after they create an account on the exchange platform. By using these keys, users can access the wallet, authorize transactions and easily buy BTC in AED.
Features & Benefits
BitOasis is proving to be quite a beneficial exchange platform for anyone looking to buy BTC in AED. It offers several advantageous features that users can benefit from. Some of the prominent features are:
Great Security
A crypto exchange will crumble if there are no or weak security measures. The whole concept of a powerful exchange platform is based on the tight security measures it encompasses and regulates.
BitOasis is popular for its distinct and impressive security features. These security measures can include but are not limited to encrypted communication, two-factor authentication (2FA), cold storage of assets, multi-signature, etc.
With these security measures, the personal data of users remain safe and secure from any unlikely online cyber-attacks.
Multiple Payment Options
BitOasis supports various payment options that facilitate its users to conduct transactions online easily. With bank transfers, credit cards/debit cards, and cash deposits, BitOasis makes it very easy for users to buy BTC in AED.
A notable option in BitOasis payment is BitOasis Pay. It is a payment gateway that allows users to buy digital assets using their credit card/debit card or bank transfer. As of now, this service is only available in the United Arab Emirates and Saudi Arabia.
With multiple payment options, you can buy Bitcoin using AED on one of the best crypto exchange platforms, BitOasis.
User-Friendly Interface
Navigating the digital currency world is not easy for everyone. Many complexities can prove to be difficult for a beginner to easily understand and use the crypto exchange platform.
BitOasis provides a very user-friendly interface that can greatly facilitate users and beginners in navigating the platform. Without having any prior technical knowledge, users can easily buy BTC in AED by using BitOasis.
Various Cryptocurrencies
Apart from Bitcoin being the popular cryptocurrency in the BitOasis exchange platform, there are multiple other cryptocurrencies that this exchange platform offers.
There are approximately eight cryptocurrencies available currently in BitOasis. These cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Ethereum Classic (ETC), ZCash (ZEC), Ripple (XRP), Stellar Lumens (XLM).
By providing these cryptocurrencies, BitOasis is facilitating the varying range of users that prefer different cryptocurrencies.
Now that we have thoroughly educated ourselves on the varying features of BitOasis, we can take a look at why BitOasis is the best exchange to buy BTC in AED.
Best Exchange To Buy BTC In AED
BitOasis paves a secure path for users to trade and buy BTC in AED effortlessly. Offering a straightforward platform with a clean and intuitive interface, BitOasis is the best choice for users who are looking for an easy yet dynamic exchange platform.
This exchange platform provides high liquidity that makes it easier for the users to easily buy and sell cryptocurrencies anytime they want. Additionally, BitOasis accept multiple payment options like credit cards/debit cards or bank deposits which highly facilitates the users.
BitOasis is the best crypto exchange platform to buy BTC in AED undoubtedly. It not only provides a safe and secure platform but also is easy to navigate with its user-friendly interface that can guide any user without hurdles.
While we are on the subject of BitOasis being the best crypto exchange platform, the benefits do not just stop here. Here are some additional advantages that can convince you to use BitOasis to buy BTC in AED.
Fund Your Crypto In AED
By using the BitOasis exchange platform, you can add funds to your account. You can use your local credit card/debit card to add funds. In addition to this, you can also directly link your bank account to BitOasis and make any digital purchases that are available on the BitOasis platform. Offering this option, BitOasis is a great Binance alternative.
Buy & Sell Crypto In AED
BitOasis provides a separate buy and sells screen that can facilitate users in buying any crypto using AED. This makes it easier for new users to easily navigate and use the exchange platform. Additionally, it also offers the feature of swapping one crypto to another simply. BitOasis exchange, like Binance, offers many beneficial features to users.
Conclusion
With the rising popularity of crypto exchange platforms among the locals of the United Arab Emirates, BitOasis is slowly becoming the chosen option for users of crypto. This crypto exchange platform provides a safe and convenient way for users in the UAE to buy and sell Bitcoins using AED effortlessly.
The above guide describes the features and benefits of using BitOasis to buy BTC in AED in excruciating detail. With everything thoroughly explained above, you can make an informed decision regarding your crypto exchange platform.
FAQs (Frequently Asked Questions)
1. What is BitOasis?
Ans. BitOasis is a digital asset exchange that allows users to buy, sell, and store various cryptocurrencies, including Bitcoin (BTC), in the United Arab Emirates (UAE).
2. Is BitOasis a safe exchange to buy BTC in AED?
Ans. Surely there are some hurdles and risks regarding safety, but the security measures implemented by BitOasis are powerful enough that ensure a secure platform for users. With two-factor authentication (2FA), cold storage of funds, and encrypted communication, BitOasis provides a safe platform to its users.
3. What payment methods are available on BitOasis?
Ans. BitOasis accepts bank transfers and credit card/debit cards for buying BTC in AED.
4. How long does it take to buy BTC on BitOasis in AED?
Ans. The processing time for buying BTC on BitOasis in AED depends upon your choice of payment method. If you choose bank transfer, it can take 1-3 business days to process. On the other hand, credit card/debit card payments usually proceed immediately.
5. What is the minimum and maximum amount of BTC I can buy on BitOasis in AED?
Ans. The minimum amount of BTC you can buy on BitOasis is worth 100 AED. At the same time, the maximum amount of BTC depends upon your account level and verification status.