Is it legal to buy Bitcoin in UAE?

Whatever option suits you, you can opt for it. But here we are going to discuss the first option that is buying bitcoins. Yes if you are in Dubai and want to buy bitcoins and for it, you are searching the easiest way so you cannot face complex procedures then it is the right place for you as we are going to tell you about a platform where you can buy Bitcoin most easily in Dubai. Pallapay is an OTC platform that offers you a secure and authentic place to buy your bitcoin most easily. You have to just follow some simple steps and you will easily buy bitcoins as much as you want using cash or cards.


The whole process is very easy and not requires you much time, it will take just 5 minutes maybe less for the completion of this process.


Pallapay is a reliable OTC platform for all cryptocurrencies that you can sell, buy, and trade through it. It has so many features that are good and friendly to its customers.


Whether you are a novice or a professional planning to Sell Bitcoin in Dubai, having a clear knowledge of why Bitcoin is great for long-term investments as well as short term trade activities is crucial. The first and only Bitcoin whitepaper came out in August 2008, which marked the beginning of a new technological era for the world. The introduction of Bitcoin to the world meant two things – blockchain technology and cryptocurrencies. Although it took almost half a decade for Bitcoin to gain global recognition, Bitcoin is and has always been the prime cryptocurrency around which the market of other cryptocurrencies, also called altcoins, revolves. In other words, Bitcoin determines the direction – bearish (price falls) or bullish (price rises) – for the cryptocurrency market as a whole.


Cryptocurrency markets are quite volatile, which reflects in how the cryptocurrency markets move differently compared to conventional stock markets. But over the past decade, Bitcoin has yielded mostly positive returns in the long term as its price has only gone up in this period, which makes it an excellent asset for long term investments.