Phone:
(701)814-6992

Physical address:
​6296 Donnelly Plaza
Ratkeville, ​Bahamas.

Tips For Token Beginners

If you are just starting out with crypto trading, there are a few things to consider before signing up with with a crypto exchange.

“Start with a small investment that you can afford to lose. Cryptocurrency markets are highly volatile, and prices can fluctuate dramatically.”

Invest Responsibly

Start Investing in Stable Coins

The crypto market is highly volatile and a few mistakes can hurt your finances. Make sure you start trading with alt-coins (Bitcoin, Ethereum, Ripple) which have proven to be more stable and receptive for beginners mistakes.

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Use a Free Demo Account to Get Started

Always start with a trading platform that offers a free demo account. This allows you to get a feel for the platform, the trading dashboard and to test your trading strategy before investing real money.

Make Use Of Copy Trading

Picking the right cryptocurrencies and the right trades is crucial to your financial success. Copy trading enables you to copy portfolios and trades from seasoned investors based on their past performance, instead of picking them on your own.

Avoid Leveraged Positions

All fo the recommended exchanges offer trading with leverage to a different extend. As promising as it sounds to trade with borrowed money, its is a double-edged sword and nothing that unexperienced traders should make use of.

Is cryptocurrency regulated in the UAE?

Virtual Assets Law in Dubai

Dubai is a country that has significantly evolved in both adopting new technologies like blockchain and in its cryptocurrency law. With this in mind, it is not surprising that the Emirate of Dubai adopted a new direction in 2022 designed to clarify precisely how Dubai regulates cryptocurrency and digital assets.

Is cryptocurrency taxed in Dubai?

Dubai has been at the vanguard of crypto-friendly legislation, not in the last place concerning taxes and attracting foreign investments. First, tax residents in Dubai enjoy zero percent taxes on capital gains, business income and salary.

How can you invest in BTC in Dubai?

Under Dubai law, BTC, crypto assets and NFTs are all virtual assets. It is important to note that the Virtual Assets Law defines virtual assets as a “digital representation of value that may be digitally traded, transferred, or used as an exchange or payment tool, or for investment purposes.” 

“VARA”

The Virtual Assets Law also gave rise to the Dubai Virtual Assets Regulatory Authority (VARA). VARA is an independent regulator tasked with regulating, governance, and licensing cryptocurrencies, NFTs and other virtual assets in Dubai. According to the Virtual Assets Law, the VARA has many objectives and features. 

Token Exchange Platform

Some of the best exchanges to get into token invesement in UAE are eToro, OKX, Binance, Huobi and Bybit