Buy bitcoins online in United Arab Emirates Seller Payment method Show more… Sell bitcoins online in United Arab Emirates Buyer Payment method Show more… Buy and Sell Bitcoins in these popular cities in United Arab Emirates City Trading AmountMultinational bitcoin exchange igot will today launch the first bitcoin exchange in the United Arab Emirates (UAE), to capitalize on the unique opportunity posed by the market.The Australia-based company's founder Rick Day told CoinDesk the new exchange will operate with a Commercial Brokerage License, approved by the local government.It has also secured local banking partners for direct deposits and withdrawals in UAE dirhams (AED).Igot has hired a small team for business development and customer support for its Dubai office.Day added that igot will continue to offer the same flat 1% trading fee to all its customers worldwide, with no additional fees for deposits or withdrawals in either bitcoin or fiat currencies.

The exchange is aimed more at consumers than professional traders, with a simple buy-sell interface.However, it recently implemented a feature called 'Future Trade' which functions like limit orders on a more advanced exchange, giving customers the option to set their price and wait for bitcoin's value to rise or fall to that level before executing the trade.As well as bank access, igot is also working with local payment processors to give users more options in the coming months.As well as having a concentration of high net-worth individuals among its citizens, about 60% of the UAE's workforce consists of expat Indian workers, both professional and manual, who often send their money back home.In fact, foreign citizens make up a staggering 91% of the UAE's population of 9.2 million, with 1 million Indians representing the country's largest overall group.Day said that, given that India is currently igot's largest market outside Australia, its presence in the UAE puts the company in a very interesting position.

"Our strategy to expand igot is based on a pairing system.India is one of our best performing markets.In terms of trade volumes, I think we're the biggest local exchange there.Indians sent $70bn home in 2012."Igot will also target UAE's wealthy native population, as well as its institutional investors, all of whom have a diverse investment portfolio.bitcoin ticker desktopThe UAE economy is the second largest in the Arab world.bitcoin pwcFor a country now famous as a world hub for capitalism and rapid development, the UAE has seen relatively little action on the bitcoin front.bitcoin ticker proSo far, news has been limited to one pioneering pizzeria and a startup, Umbrellab, which offers payment solutions including bitcoin and was reportedly trying to integrate bitcoin ATM functions into Dubai's existing payment kiosk network.gh/s to bitcoin calculator

Igot's Day said forming banking relationships was never easy, but the company was able to use its established banking track record in Australia, New Zealand and India to state its case with UAE bankers.Headquartered in Adelaide, Australia, igot has always had plans for expansion into the potentially lucrative markets of Asia and the Middle East.titan z bitcoinDay said the company had processed more than $25m worth of trades in the seven months since it launched.bitcoin thief caughtUsers executed over 10,000 trades via the Future Trades feature, a number that spiked during the bitcoin price volatility of the past few weeks.It also has a $15 friend-referral scheme and has implemented Jumio Inc's BISON ID verification system, which has seen the company's fraud rate drop by 93.29%.Igot uses the same homepage and interface internationally, but users can connect directly to bank accounts in Australia, India, UAE, Hong Kong, Singapore and New Zealand.

There is also the option to use other international bank accounts via the SWIFT network.The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.Have breaking news or a story tip to send to our journalists?Contact us at [email protected]/* */.Global Bitcoin allows you to send and receive money anywhere in the world without using a bank or a credit card.The Future Bitcoin is the future of digital money.

You can think of it as the currency of the internet.Fast Sending money with bitcoin is like sending an email.It's easy and fast.Add your comment to this page This United Arab Emirates Dirham and Bitcoin convertor is up to date with exchange rates from June 24, 2017.Enter the amount to be converted in the box to the left of United Arab Emirates Dirham.Use "Swap currencies" to make Bitcoin the default currency.Click on Bitcoins or United Arab Emirates Dirhams to convert between that currency and all other currencies.United Arab Emirates Dirham (AED) Bitcoin (BTC) Other countries and currencies The United Arab Emirates Dirham is the currency in United Arab Emirates (AE, ARE, UAE).The Bitcoin is the currency in no countries.The symbol for AED can be written Dh, and Dhs.The symbol for BTC can be written BTC.The United Arab Emirates Dirham is divided into 100 fils.The exchange rate for the United Arab Emirates Dirham was last updated on June 23, 2017 from The International Monetary Fund.

The AED conversion factor has 6 significant digits.The BTC conversion factor has 6 significant digits.AED BTC 2.00 0.0002 5.00 0.0005 10.00 0.0010 20.00 0.0020 50.00 0.0049 100.00 0.0099 200.00 0.0198 500.00 0.0495 1000.00 0.0990 2000.00 0.1980 5000.00 0.4949 10,000.00 0.9899 20,000.00 1.9798 50,000.00 4.9495 100,000.00 9.8989 200,000.00 19.7979 500,000.00 49.4947 AED rate June 23, 2017 BTC AED 0.0002 2.00 0.0005 5.00 0.0010 10.00 0.0020 20.25 0.0050 50.50 0.0100 101.00 0.0200 202.00 0.0500 505.00 0.1000 1010.25 0.2000 2020.50 0.5000 5051.00 1.0000 10,102.00 2.0000 20,204.25 5.0000 50,510.50 10.0000 101,020.75 20.0000 202,041.75 50.0000 505,104.25 BTC rate June 24, 2017 Print the charts and take them with you in your purse or wallet while you are traveling.