Thursday, April 9, 2020

1 Bitcoin to AED: Where to check the price

The Takeaway:

Bitcoin has the largest market capitalization among all the cryptocurrencies and dominates the entire crypto market. The leading cryptocurrency, since its inception, has come a long way. In this article, we explain where you check the price of bitcoin in the United Arab Emirates Dirham.

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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. 

 

Conclusion

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. 

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Disclaimer: The article reflects the opinions of the author and is not representative of Chaintimes’ views.
The article does not offer any investment advice. User discretion is advised when investing in or trading with cryptocurrency. Extensive and diligent research should be carried out by the reader before making a decision.

Harry Finnerty
Harry Finnerty
After completing his graduation from Strayer University, Harry started to work in the real estate industry. However, soon he realized that his real interest is in the financial industry and once he came to know about bitcoin and the technology behind it, he dedicated his life to understand and write about it.

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