1. Create an account on Binance

The first step to selling Bitcoin in the UAE is to create an account on the Binance platform. Visit Binance and register. Make sure to complete the KYC verification process to complete transactions securely.

2. Deposit Bitcoin to Binance Wallet

To sell Bitcoin, you must have Bitcoin in your Binance wallet. If you don't have it, transfer Bitcoin from an external wallet to your #بينانس wallet.

  • Go to wallet and choose fiat and spot.

  • Select Deposit, then choose Bitcoin (BTC), then copy the wallet address to complete the transfer.

3. Go to the sales section

Once your Bitcoin is in your account, go to the trading section from the top menu. Select P2P (peer to peer). You will be able to sell Bitcoin directly to other people in the UAE and receive AED.

  • Click Sell and choose Bitcoin (BTC).

  • Make sure to select the local currency as AED.

4. Choose the appropriate payment method

After selecting a buyer, select how you would like to receive your AED. Popular payment methods include:

  • Bank transfer

  • Electronic wallets

Choose the method that suits you and be sure to discuss the details with the buyer about the transfer time.

5. Complete the transaction

After agreeing on the details, enter the amount of Bitcoin you want to sell and then confirm the transaction. Check all the transaction information and transaction costs.

Once the buyer confirms the payment, you will receive the dirhams in your bank account.

6. Confirm payment receipt and release Bitcoin

After receiving the payment from the buyer in your bank account, verify the deposit. When you confirm receiving the money, click Release Bitcoin. Make sure not to release Bitcoin until you receive the money in your bank account.

7. Check transaction history

You can review your transaction history on Binance to confirm that the transaction was completed.

  • Go to Orders then P2P to review details of past transactions.

Frequently Asked Questions About Selling Bitcoin in the UAE

Can I sell bitcoin using local banks?

Yes, you can receive AED via bank transfer using the Binance platform.

How long does the sale take?

The length of time it takes for a bank transfer to take varies depending on the bank, but P2P transactions are usually fast.

What are the fees for selling bitcoin on #Binance ?

Binance does not charge any fees for P2P transactions, but there may be fees for bank transfer or other payment method.

Why should you use Binance to sell Bitcoin in the UAE?

  • Security: Binance provides a secure and reliable platform for transactions.

  • Liquidity: Binance has a large number of users, allowing you to sell Bitcoin easily and at competitive prices.

  • Payment flexibility: Binance allows you to choose from multiple methods to receive AED.