Bitcoin has a market capitalization of over 162 billion USD making it the leading cryptocurrency in the entire crypto market. On 3rd January 2009, Satoshi Nakamoto mined the genesis block of bitcoin and started a revolution to separate the money from the state. In this article, we take a look at the top ways of keeping up to date with the price of the leading cryptocurrency in AED.
Top ways to check bitcoin price in AED:
1. News Aggregator like CryptoViral
CryptoViral is the leading crypto news aggregator that provides users with the latest happenings from the crypto and blockchain industry. Along with the latest news, you can also check the price of bitcoin and other cryptocurrencies on the platform. The news aggregator platform is a must if you are a serious crypto trader or a crypto enthusiast. Another news aggregator platform is Cryptopanic.
2. Crypto Exchanges
Crypto exchanges that operate in the United Arab Emirates are an easy way to check the real-time price of bitcoin in AED. You can keep track of the price of bitcoin on crypto exchanges like BitexUAE and BitOasis. Indexes on the crypto exchanges display the real-time fluctuations in the price of bitcoin and other cryptocurrencies. All crypto exchanges that operate in the UAE region have a price index for cryptocurrencies, where you can check the price of bitcoin. You can trade bitcoins on the Dubai Lifestyle app.
Note: Several known crypto exchanges like Coinbase do not operate in UAE.
3. Search Engines
One of the quickest ways to check the price of bitcoin in AED is by simply typing in “bitcoin price in AED,” on any of the leading search engines on the internet. Search engines including, DuckDuckGo and Google, show the price of bitcoin from crypto exchanges and crypto converters in real-time. At the time of writing, 1 BTC is worth 32,774 AED.
Note: Crpyo regulation in UAE are still in a grey area.
4. Peer-to-peer platforms
Peer-to-peer platforms act as a marketplace for buyers and sellers where no third party is involved. If you live in a country where crypto exchanges are censored, then peer-to-peer platforms are the only place where you can purchase and sell bitcoins and other cryptocurrencies. Peer-to-peer platforms allow sellers to offer their prices. LocalBitcoins and LocalCryptos are among the top peer-to-peer platforms.
In the article, we looked at the top ways you can keep track of the price of bitcoin in the United Arab Emirates Dirham. Currently, there are no crypto regulations in place in the Asian country, but bitcoins can be bought and sold on peer-to-peer platforms.