There is not one boring day in crypto!
Look at the latest bloodshed in terms of loss of value across the crypto universe.
Bitcoin is down:
Ethereum is down:
The entire crypto market has lost more than 50% of its value.
Then there is a drama with Luna – UST – Anchor.
While all this is happening around, is there legitimacy to crypto? On the other side, even the stock market is down with many stocks losing more than 50% of their value.
Where should investors head next?
A smart investor may claim that when the market is down, it’s the best time to buy. But how much would the markets drop further?
No one has any clue!
I’m a firm believer that bitcoin and valid crypto projects are here to stay. While there is blood on the streets, it is the best time to accumulate more bitcoin by buying at regular intervals.
If you live in the Middle East (UAE, Saudi, Oman, Kuwait, Bahrain etc), you’re blessed to have some of the best crypto exchanges around.
In this post, you will learn what are these and some great news about these crypto exchanges.
Here are the top 3 crypto exchanges in the Middle East:
| Crypto Exchange Name | Link to Buy Crypto |
|---|---|
| BitOasis | BitOasis |
| CoinMENA | CoinMENA |
| Rain.bh | Rain |
BitOasis
BitOasis is perhaps the first Middle Eastern crypto exchange. BitOasis was established in 2015, and is a pioneer of the region’s cryptocurrency ecosystem, serving as the go-to platform for first-time cryptocurrency buyers and professional traders alike.
Top Investors in BitOasis:
Venture Capital raised by BitOasis
BitOasis raised $ 30 mln Seed B round
In which countries can you use BitOasis:
| Supported Countries | BTC Multi-signature | Fiat - Cryptocurrency trading | Cryptocurrency pair trading | Fiat Deposits | Fiat Withdrawals |
|---|---|---|---|---|---|
| UAE | Available | Available | Available | Available | Available |
| Kuwait | Available | Available | Available | Available | Available |
| Bahrain | Available | Available | Available | Available | Available |
| Saudi Arabia | Available | Available | Available | Available | Available |
| Qatar | Available | Available | Available | Wire transfer | X |
| Oman | Available | Available | Available | Available | Available |
| Jordan | Available | Available | Available | Wire transfer | X |
| Egypt | Available | Available | Available | Wire transfer | X |
| Morocco | Available | Crypto only | Available | X | X |
| Lebanon | Available | Available | Available | Wire transfer | X |
| Tunisia | Available | Available | Available | Wire transfer | X |
| Algeria | Available | Available | Available | Wire transfer | X |
| Iraq | Available | Crypto only | Available | X | X |
| Libya | Available | Crypto only | Available | X | X |
Rain.bh
Rain.bh is the first crypto-asset company to earn a regulatory license in the Middle East, joining an exclusive group of companies internationally. Rain.bh is also Sharia Compliant.
Venture Capital raised by Rain.bh:
Rain.bh has raised $ 100 million from venture funds.
Rain.bh Supported Countries for trading:
- Bahrain
- Kuwait
- Oman
- Saudi Arabia
- United Arab Emirates
Registration and Approval of Rain.bh:
CoinMENA
Headquartered in the Kingdom of Bahrain, CoinMENA is a Sharia-compliant digital assets exchange that is licensed and regulated by the Central Bank of Bahrain (CBB). Through CoinMENA, you can buy, sell, store, and receive digital assets safely and securely, as well as deposit and withdraw in your local currency.
Venture Capital raised by CoinMENA
CoinMENA supported countries for trading:
- Bahrain
- Kuwait
- Oman
- Saudi Arabia
- United Arab Emirates
Approval and Registration:
Crypto investments are a risky venture. You need to be careful with your investments and invest only that you are comfortable losing. The Middle East has just started with crypto trading in the past 5 to 7 years. And there is a large demand from the market.
The above crypto exchanges solve the problem of accessibility of cryptocurrencies. I wish you all the best with your investments.