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BitOasis has secured an in-principle approval, taking it one step closer to offering a regulated crypto exchange to the Middle East. The Kingdom of Saudi Arabia offered a statement from the committee dealing with foreign exchange securities banning the use of virtual currencies in the kingdom as a currency.
Following the statement by Saudi Arabia declaring cryptocurrency illegal, the largest crypto exchange in the Middle East and North Africa is working with regulators across the region to develop crypto regulations. AirDrop - Chudo. BitOasis expands token offering, lists Cardano and Solana among other popular crypto-assets BitOasis, a leading Middle East and North Africa-based crypto-asset trading platform, today announced that it is listing four new crypto assets to proactively meet growing consumer demand.
MENA crypto exchange BitOasis listing 12 new tokens BitOasis, the Dubi-based Middle East and North Africa-focused crypto-asset exchange, today announced an extension to its offering with the listing of 12 new tokens on its trading platform. Cryptocurrency Exchange. Dubai crypto exchange BitOasis introduces test version of Android app BitOasis, a Dubai-based bitcoin and cryptocurrency exchange, today announced the beta release of its Android app for testing purposes.
Crypto Exchange Works With Regulators to Develop Legal Frameworks for Arab States Following the statement by Saudi Arabia declaring cryptocurrency illegal, the largest crypto exchange in the Middle East and North Africa is working with regulators across the region to develop crypto regulations.
Russian news Moscow. Ads Russian Banks. Virtual Currency. BitOasis is a top exchange for traders in the Middle East. It has a simple interface for its platforms. Clients receive access to many crypto buying features. BitOasis offers a high-quality trading experience with its intuitive platforms.
Buying digital assets and digital assets trading pairs is straightforward. Beginners have to spend time learning how BitOasis works. But the exchange has quality services and everything a trader needs on the main Dashboard. BitOasis has different withdrawal fees depending on your account activity. Withdrawing funds with BitOasis is straightforward. Users have to:. It has professional trading charts and order types.
BitOasis offers access to eight different coins. It offers popular digital assets, including Bitcoin. BitOasis offers the following cryptocurrencies:. BitOasis has an expensive fee structure. Average traders pay 0. This exchange offers some incentives.
The deposit fees at BitOasis vary. A wire transfer deposit has no commission. The standard withdrawal fee is 65 AED and the deposit limit varies. Check our in-depth reviews for more details on withdrawal fees for UAE residents. The fee structure at BitOasis varies depending on whether you are a maker or a taker. A market maker is a trader that offers liquidity for the exchange.
The market taker is the trader that trades on the prices established by makers. Flat currency withdrawal fees at BitOasis are not public for those based outside the six supported countries. Withdrawals take 10 working days to process and additional days for your bank to add credit to your account which means that it will take up to 3 weeks to get your money back from BitOasis. BitOasis is a cryptocurrency exchange without licenses from an established regulator.
This is a major red flag for traders because there is no security net if the exchange cannot pay its debts. This exchange does its best to keep its users safe and employs the same security measures as a typical bank. The main safety measures at BitOasis are:. This means that if BitOasis has a security breach, you will lose your funds.
Hackers broke into five other cryptocurrency Bitcoin exchanges in , and investors lost millions of dollars. Since BitOasis controls all the private keys for your funds, your money is only as secure as their database. We do not recommend BitOasis because of this security risk.
Learn more about crypto platforms and safety from our in-depth reviews. A private key represents a set of letters and numbers that function as a password. It offers access to your account and managed crypto funds. Your cryptocurrency wallet provides access to a public key and a private key. These are important for trading digital assets. The public key functions like an email address.
Private keys are easy to store. Most users choose to store them online in a crypto wallet. These are known as hot wallets. It makes investing in digital money convenient and straightforward. We recommend you choose a wallet offered by a trustworthy provider. Use two-factor authentication and any other safety measures available. Another way to store private keys is offline.
Professional crypto traders keep their keys offline on paper or on a non-internet-connected device. Customer service is an important part of our reviews. BitOasis customer service is below-average. Users receive access to support tickets in their accounts. BitOasis is a reliable cryptocurrency exchange for UAE residents. It has major competitors like Coinbase, Binance, and Kraken. Experienced crypto traders use many exchanges and digital wallets to access different coins.
Coinbase is the direct competitor of BitOasis. Both offer excellent services, but there are some key differences to consider:. Both crypto platforms have strengths and weaknesses. Coinbase has a competitive fee structure. BitOasis has higher fees than its main competitors.
Read our in-depth reviews to learn more about the services available at Coinbase. Related content: Coinbase UAE. Binance is a leading cryptocurrency exchange with secure platforms. It offers low fees and many services for active traders. Binance offers limited learning tools.
Binance is another competitor of BitOasis. Both exchanges are trustworthy but differ in some key aspects:. Binance is a well-established Bitcoin exchange. It offers a secure platform to trade digital assets. Check our in-depth reviews to learn more about the services available at Binance. Related content: Binance US Review. Kraken is a popular exchange in countries. It is a top choice for beginners and experienced traders. Kraken is another competitor of BitOasis with key differences worth considering:.
Kraken is a leading cryptocurrency exchange. It offers effective services for traders at all levels. BitOasis is one of its competitors, as it has robust safety measures. Read our in-depth reviews to learn more about the services available at Kraken. Related content: Kraken Review. BitOasis is the leading cryptocurrency exchange in the Middle East.
It has a powerful interface and standard banking security features. BitOasis offers excellent services for traders in the UAE with average pricing. However, we do not recommend BitOasis for professionals and active traders because it controls the private keys to all your funds. If BitOasis were to get hacked, you would lose all of your funds with no chance of recovering them.
We review exchanges with real accounts and money. Our findings depend on criteria, including safety and ease of use. Trading cryptocurrencies is risky. Digital coins remain speculative assets. BitOasis is a safe exchange for traders in the UAE and uses all the standard banking security measures.
However, BitOasis controls the private keys to your cryptocurrency wallets. That means if BitOasis gets hacked, you will lose all your funds. Read our in-depth reviews to learn more about safety and cryptocurrency exchanges. UAE residents receive access to bank transfer withdrawals. BitOasis has lengthy processing times.
Withdrawals take up to 10 working days to process. Check our in-depth reviews to read more about cryptocurrency exchanges and withdrawals to a personal bank account.