reliable exchanges ?....

[aliitp2]

Hi Guys,

Am living in the UAE and over here the one and only exchange many people rely on is Bitoasis, they are not that bad and didnt scam me personally or anyone i know of, but am looking for alternatives (they charge high fees)...

bittrex, kraken and most exchanges i was recommended wont allow me to register or not allow me to register my bank account for fiat withdrawals or even deposits due to my nationality and yes many of them wont even support the UAE !

coinbase for example wont allow you to buy BTC from my UAE IP Address and i dont want to risk using VPN for buying huge BTC online with my VISA etc...

the only option i could find to buy BTC was Binance and our local expensive exchange (Bitoasis), anyone facing my same scenario can you please recommend a reliable source to buy and sell BTC eventually in exchange for fiat ? (been holding for 3 years and now i might cash out sometime soon...)

also what on earth is wrong with these so called TRUSTED exchanges ?!?! why are they receiving a sh*t rating on trustpilot !?!?!...

coinbase
https://www.trustpilot.com/review/coinbase.com

Bittrex
https://www.trustpilot.com/review/bittrex.com

Binance !!
https://www.trustpilot.com/review/binance.com

can someone explain ??...

i hate to loose my fiat, money and dreams when am finally ready to sell my BTC in exchange for fiat (this is NOT a debate, yes FIAT !!, i wanna buy sh*t with my fiat!   )...

thanks,,,

[Bitcoin_Arena]

Have you tried using p2p exchanges like
1. Hodlhodl.com - Non KYC
2. Localbitcoins.com - Requires KYC
3. Localcryptos.com - Non KYC

I do see some buy and sell offers for the UAE as well in those exchanges. More p2p exchanges can be found here  - https://bitcointalk.org/index.php?topic=5224711.0

[Oshosondy]

I do not know much about bittrex but coinbase do not support many countries as binance do, I will prefer binance. Also coinbase has a trading volume of around $3 billion while binance with a trading volume of around $45 billion recently, I prefer higher trading volume exchanges for trading.

@Bitcoin_Arena, thanks for your suggestions. For privacy it is good to make use of exchanges that will not require verification while kyc will not be needed. The exchanges you mentioned are the best example to be mentioned. About localbitcoins, it is just p2p exchange, they now require verification, I will still prefer to use binance instead because it also still support p2p.

There are types of trading (margin and future) that you will not have option than to use exchanges like binance.

[Maus0728]

also what on earth is wrong with these so called TRUSTED exchanges ?!?! why are they receiving a sh*t rating on trustpilot !?!?!...

Trust Pilot or any review portal is susceptible to manipulation. For instance, people can even create thousands of accounts to make repeated unconstructive post whether it be positive or negative to destroy other companies reputation. You can examine the reviews for yourself and see a lot of "Great service", "Good job" or any 1 liner reviews that doesn't make any sense including those repeated long gibberish posts.

Bitcointalk and reddit are the only few website that I trust when it comes to user reviews especially with regards to different exchanges or wallet.
As for the exchange. Try looking at P2P Exchange as mentioned by @Bitcoin_Arena as well as the Bitcoin ATM nearby in your place. I am just not sure if you can find a machine that supports selling operation (BTC to your fiat currency.)
[1] https://coinatmradar.com/

[Bitbtc8]

Hi Guys,

Am living in the UAE and over here the one and only exchange many people rely on is Bitoasis, they are not that bad and didnt scam me personally or anyone i know of, but am looking for alternatives (they charge high fees)...

bittrex, kraken and most exchanges i was recommended wont allow me to register or not allow me to register my bank account for fiat withdrawals or even deposits due to my nationality and yes many of them wont even support the UAE !

coinbase for example wont allow you to buy BTC from my UAE IP Address and i dont want to risk using VPN for buying huge BTC online with my VISA etc...

the only option i could find to buy BTC was Binance and our local expensive exchange (Bitoasis), anyone facing my same scenario can you please recommend a reliable source to buy and sell BTC eventually in exchange for fiat ? (been holding for 3 years and now i might cash out sometime soon...)

also what on earth is wrong with these so called TRUSTED exchanges ?!?! why are they receiving a sh*t rating on trustpilot !?!?!...

coinbase
https://www.trustpilot.com/review/coinbase.com

Bittrex
https://www.trustpilot.com/review/bittrex.com

Binance !!
https://www.trustpilot.com/review/binance.com

can someone explain ??...

i hate to loose my fiat, money and dreams when am finally ready to sell my BTC in exchange for fiat (this is NOT a debate, yes FIAT !!, i wanna buy sh*t with my fiat!   )...

thanks,,,

Are you trying to say that it costs to use binance exchange? Cos this is the exchange I use to bitcoin and the charges are convenient enough for me, if you are using mastercard it will be more easier instead of using Fiat deposits, even bithumb accepts mastercard, you can also try Luno exchange

[aliitp2]

Hi Guys,

Am living in the UAE and over here the one and only exchange many people rely on is Bitoasis, they are not that bad and didnt scam me personally or anyone i know of, but am looking for alternatives (they charge high fees)...

bittrex, kraken and most exchanges i was recommended wont allow me to register or not allow me to register my bank account for fiat withdrawals or even deposits due to my nationality and yes many of them wont even support the UAE !

coinbase for example wont allow you to buy BTC from my UAE IP Address and i dont want to risk using VPN for buying huge BTC online with my VISA etc...

the only option i could find to buy BTC was Binance and our local expensive exchange (Bitoasis), anyone facing my same scenario can you please recommend a reliable source to buy and sell BTC eventually in exchange for fiat ? (been holding for 3 years and now i might cash out sometime soon...)

also what on earth is wrong with these so called TRUSTED exchanges ?!?! why are they receiving a sh*t rating on trustpilot !?!?!...

coinbase
https://www.trustpilot.com/review/coinbase.com

Bittrex
https://www.trustpilot.com/review/bittrex.com

Binance !!
https://www.trustpilot.com/review/binance.com

can someone explain ??...

i hate to loose my fiat, money and dreams when am finally ready to sell my BTC in exchange for fiat (this is NOT a debate, yes FIAT !!, i wanna buy sh*t with my fiat!   )...

thanks,,,

Are you trying to say that it costs to use binance exchange? Cos this is the exchange I use to bitcoin and the charges are convenient enough for me, if you are using mastercard it will be more easier instead of using Fiat deposits, even bithumb accepts mastercard, you can also try Luno exchange

how much can i buy with visa from bitjumb and Luno ? do i need verification ? binance allows me to buy only 7500$ per day, sometimes i might need to buy more !...

also will they wire transfer my fiat once i sell my crypto on their site ?...

thanks,

[The Cryptovator]

So, are you wondering about cashout your Bitcoin? Best option to find a local peer-to-peer exchanger that is easier to sell your Bitcoin without third parties fee. If it's hard to find then you may go with peer to peer exchanges mentioned above. I heard there is Bitcoin ATM in UAE, had you look at this ATM? UAE's first ATM that dispenses bitcoin is at the five-star Rixos Premium Dubai Hotel at JBR. That's news was published Tue 19 Mar 2019 at 11:44 AM, that time selling Bitcoin wasn't eligible. But I think it almost 2 years and they are now accepting bitcoin to cash out for fiat.

Also, you may take a look and make an offer to sell your bitcoin on Currency Exchange section. Must use trusted escrow from the forum before dealing there. Otherwise, you would be scammed.

[pakhitheboss]

Apart from Binance and the local exchange you are referring too you can also try Coinmama, they do allow to purchase Bitcoin from your country. I have not tried it personally but I have heard about them. You can also check for a Bitcoin ATM nearby, I am sure there should be a few in your country. Local Bitcoin is also good but you need to go through KYC.

[libert19]

Regarding trustpilot rating, people only rate when something bad happens to them, it's not reliable measure what experience you gonna get. I have used binance/bittrex for years, my experience has been satisfactory.

[OmegaStarScream]

You should be able to use Rain.bh[1]. The exchange is based in Bahrain but serves all the gulf countries. If you're not that familiar with how exchange platforms work, you can follow this step by step guide[2] (written by another user from the Arabic board). I can't comment on the fees though as I haven't used the platform myself.

You can also give PallaPay[3] a try, but I suggest you do your own research first. I only heard about the platform recently, and I don't know anyone who used it before.
 
[1] https://www.rain.bh/
[2] https://bitcointalk.org/index.php?topic=5283953.0
[3] https://www.pallapay.com/buy-bitcoin-dubai

[OcTradism]

https://www.trustpilot.com/review/coinbase.com

Don't trust on trust pilot as reviews on the site can be cheated or attacked by scammers who broke rules, ToS on exchanges or marketplace and were banned.

I don't know good exchanges for your nation but if you find any exchange, you can use 2 sites to check exchanges reputation
- Exchange score: https://coinmarketcap.com/rankings/exchanges/
- Trust score: https://www.coingecko.com/en/exchanges
I think scores from those sites are better than trust pilot.

[CryptopreneurBrainboss]

can someone explain ??...

i hate to loose my fiat, money and dreams when am finally ready to sell my BTC in exchange for fiat

Well I can't vouch for the other so called trusted exchanges that you speak of but for those listed above, they sure can be called trust worthy in regards to trading and not storing of your coins on their platform. Just use them to buy and sell that's if you're comfortable letting loose of some personal information in the KYC procedures. Well some, you can make use of their limited version for smaller trades too without fulfilling their KYC procedures.

There's a perfect alternative to those reviewing platforms,  you have the forum and it can be used in place of trust pilot, ask about any exchange you want and you'll get the best review possible. Also you can trust those coming from well reputed users here since they'll have your best interest at heart but same can't be said about the trust pilot reviews since manipulation might be the case for those type of review as there's nothing wrong with those three exchange (from a centralized view).

[joniboini]

I think scores from those sites are better than trust pilot.

As far as I remember those "trust" are only about the liquidity/volume, so other features like customer support, how quick the withdrawal is, etc are not covered.

Asking on the forum or finding threads about problems on those exchanges might be one of a few things we could do to find whether or not there are many issues, and how quickly those exchanges solve the problems. Especially if the OP is a member with a good reputation or at least has some track records.

[PhoenixZephyrus]

I do not trust the ratings given on Trustpilot/ other "trust" websites. They are often prone to manipulation as others here. If you use the search button on this forum then I think you will be able to find many user experiences/reviews of every popular exchange, and those are those are most important, as reviews on websites like trustpilot can be paid. On here, some reviews might be paid but the general consensus cannot be paid for on here, as genuine members will vote according to their experiences, and those are the reviews that can be trusted mostly.

I live in India, though, but I have used Localbitcoins, Binance, and Bitrex without any problems, all have their own small pros/cons, but they are all trusted imo.

[cryptoforce2024]

Hi!

I completely understand your frustration with the limited options available in the UAE for cryptocurrency exchanges. It can be quite a challenge to find a reliable platform that caters to your needs, especially when it comes to fiat transactions.

You can use CryptoForce which I believe it's the best crypto exchange in Dubai. At this exchange, we empathize with your situation. We're a licensed and trusted exchange where you can securely buy and sell cryptocurrencies with ease. Unlike other platforms, we support users from the UAE and offer seamless fiat transactions, ensuring that you can trade confidently without facing the restrictions you've encountered elsewhere.

You mentioned concerns about trustworthiness, and that's absolutely valid. We take pride in our commitment to transparency and security. You can verify our license on our website, providing you with the assurance that you're dealing with a reputable exchange that prioritizes the safety and satisfaction of its users.

When you're ready to cash out and turn your cryptocurrency holdings into fiat, we'll be here to assist you every step of the way. Feel free to explore our platform and reach out if you have any questions or need assistance. Your satisfaction and security are our top priorities.

Looking forward to welcoming you to CryptoForce community!

[PrivacyG]

also what on earth is wrong with these so called TRUSTED exchanges ?!?! why are they receiving a sh*t rating on trustpilot !?!?!...

I would tell you to avoid Centralized Exchanges as much as you can.  But this is already being repeated over and over again and will continue to be.  It is still an advice I would give you however.

But since you wonder why the Trust Pilot ratings are so low.  How many times did you ever leave a positive review for a website, service, restaurant?  How many times did you post a complain?

Same goes for real life, not just the internet.  You will likely find more people complaining about something than publicly posting a positive outcome.  I am definitely NOT saying any of the Exchanges you posted are 100 percent to be trusted, but unfortunately there is a lack of balance in reviews most of the time and this makes the rating score of a website kind of unreliable.  Particularly when you have on the other hand a LOT of websites with 5 out of 5 star ratings posted by bots.

Take all ratings with a spoonful of salt.  Avoid Centralized Exchanges as much as possible or use them with amounts you are willing to risk losing.