BitOasis is a Dubai cryptoasset exchange founded in 2015 and licensed by three regulators across the UAE and Bahrain. It is not a CFD broker: no leverage, no margin, no derivatives. You buy at spot, and BitOasis holds the asset for you. We opened a real account, funded it with AED 2,000, and tested buying, selling, withdrawing and support across February and March 2026. Below is what we measured, including where the exchange is clearly beaten by its global rivals.
Disclosure: we have no marketing partnership with BitOasis, and receive no commission from the platform. Read how we make money.
| Overall rating | 5.8 / 10 |
|---|---|
| Founded | 2015 |
| Headquarters | Dubai, United Arab Emirates |
| Main licences | VARA (Dubai) VL/2024/11/001; FSRA (ADGM, Abu Dhabi); CBB (Bahrain) |
| Minimum deposit | No formal minimum by bank transfer |
| Trading fees | 0.5% (Lite) / from 0.15% (Pro) |
| Leverage | Not offered — spot only |
| Cryptoassets listed | 80+ |
| Derivatives, margin, staking, NFTs | None offered |
| Fiat currencies | AED, SAR, KWD, BHD, OMR, QAR, USD |
Pros and cons
Four weeks of testing in February and March 2026 produced a clear picture. BitOasis was the first cryptoasset exchange founded in the Middle East, and its whole proposition rests on serving Gulf and North African users with local licences and local currency rails. That is a genuine advantage; it does not offset the fees or the short asset list.
What works
- Licensed by VARA in Dubai, the FSRA at Abu Dhabi Global Market and the Central Bank of Bahrain — rare coverage among exchanges operating in the region.
- Direct support for the UAE dirham, Saudi riyal, Kuwaiti dinar, Qatari riyal, Omani riyal and Bahraini dinar, with bank deposits and withdrawals in local currency.
- A genuinely simple beginner interface in Lite, with a separate Pro mode offering order books and charts.
- Support on WhatsApp, live chat and email.
- Cold storage for most customer assets, and no publicly disclosed breach since 2015.
- Owned by CoinDCX, India’s largest exchange, with earlier investment from Coinbase and Pantera Capital.
What does not
- A flat 0.5% trading fee on Lite — five times the 0.1% base rate at Binance, Bybit and OKX.
- Only 80+ cryptoassets listed, against 350+ on Binance and more than 1,400 on Bybit.
- No futures, derivatives or margin trading, which rules it out as a primary venue for advanced traders.
- Local currency withdrawal fees of AED 25 below AED 25,000 and AED 65 at or above it.
- A bumpy regulatory record: VARA suspended the licence in July 2023 before granting a full one in December 2024.
- No advanced instruments such as options or perpetual contracts.
Company information
BitOasis was founded in Dubai in 2015 by co-founder and chief executive Ola Doudin, previously a technology risk consultant at Ernst & Young. The registered entity is BitOasis Technologies FZE, incorporated in a Dubai free zone.
It has raised more than USD 40 million from CoinDCX, Wamda Capital, Jump Capital, Pantera Capital and Global Founders Capital, closing a USD 30 million Series B in October 2021 and taking further investment from CoinDCX and Wamda in August 2023.
The decisive change came in July 2024, when India’s CoinDCX acquired 100% of the company. CoinDCX is India’s largest cryptoasset exchange and has itself taken investment from Coinbase, making Coinbase an indirect shareholder. Its engineering organisation of more than 200 people now supports the infrastructure, and the effect showed in the platform’s speed and stability during our testing.
BitOasis serves users mainly in the UAE, Saudi Arabia, Kuwait, Bahrain, Oman and Qatar, supporting each currency directly. In May 2025 it expanded into Bahrain under a separate central bank licence, opening a Manama office and launching premium services for high-net-worth and institutional clients. It has stated an ambition to reach one million regional users by the end of 2026.
Who BitOasis suits (and who it does not)
BitOasis has one structural advantage no global competitor matches at the same level: full support for Gulf currencies backed by real local licences. From the UAE, Saudi Arabia, Kuwait, Bahrain, Oman or Qatar you can move money from your own bank account into cryptoassets and back out in your own currency — something Binance and Bybit do not make easy in those markets.
Five cases make it the sensible choice: beginners wanting Bitcoin or Ethereum in dirhams or riyals, since Lite requires no grasp of maker and taker fees; users who specifically want a locally licensed venue, which many global platforms in the region are not; long-term holders, for whom a high per-trade fee matters far less; institutions and high-net-worth clients, who since the Bahrain expansion can access VIP service with a dedicated relationship manager and preferential fees; and anyone blocked elsewhere by geographic or banking restrictions, since many Gulf banks decline transfers to unlicensed platforms while processing BitOasis transfers without friction.
If you want low fees, hundreds of listed assets, or futures and options, BitOasis is not for you: Binance, Bybit and OKX are plainly better on all three.
Licensing and regulation
BitOasis is among the most heavily regulated cryptoasset exchanges in the Middle East. Its route there was not smooth.
VARA, Dubai. BitOasis Technologies FZE holds a full Virtual Asset Service Provider licence from Dubai’s Virtual Assets Regulatory Authority, granted 9 December 2024 under reference VL/2024/11/001, covering broker-dealer services. It is checkable on VARA’s public register at vara.ae.
The history behind it should not be skipped. In July 2023, VARA suspended BitOasis’s conditional licence for failing to meet certain regulatory requirements within the deadlines set. The suspension ran several months before the company satisfied the conditions and received the full licence at the end of 2024. A regulator penalising a firm then restoring its licence on compliance shows supervision working rather than a defect in the company, but it remains a mark on the record.
FSRA, Abu Dhabi. BitOasis also operates under the Financial Services Regulatory Authority at Abu Dhabi Global Market through Blex Financial Ltd, approved in April 2021 as a Multilateral Trading Facility and virtual asset custody provider. ADGM established the region’s first comprehensive virtual asset framework in 2018.
CBB, Bahrain. In May 2025, BitOasis Bahrain obtained a digital asset services licence from the Central Bank of Bahrain, letting it serve retail and institutional clients there lawfully.
| Regulator | Legal entity | Licence number | Type | Date |
|---|---|---|---|---|
| VARA (Dubai) | BitOasis Technologies FZE | VL/2024/11/001 | Full VASP | December 2024 |
| FSRA (ADGM, Abu Dhabi) | Blex Financial Ltd | Verifiable at adgm.com | MTF + custody | April 2021 |
| CBB (Bahrain) | BitOasis Bahrain | Verifiable at cbb.gov.bh | Digital asset services | May 2025 |
So is BitOasis genuinely licensed? Yes, verifiably — which puts it ahead of many global platforms operating in the region with no clear local authorisation.
We rate these licences Tier 2, and international readers should understand what that buys. VARA and FSRA require client money segregation, strict anti-money-laundering procedures and periodic reporting, and give you a named authority to complain to. They do not deliver the depth of protection or the statutory compensation schemes of Tier 1 authorities such as the US SEC or the UK FCA. A UAE licence tells you the exchange is supervised and accountable. It does not tell you your money is insured if the exchange fails.
Opening an account and verification
We opened an account in February 2026. Technically it is straightforward; how long it takes depends on your nationality and country of residence.
Registration starts with an email address and phone number, then moves through three verification tiers. Tier 1 requires nationality, government ID (passport or Emirates ID), a selfie, a residential address and source of funds, and unlocks purchases within set limits. Tier 2 adds proof of address, source of funds and occupation, raising trading and withdrawal limits. Tier 3 requires source-of-wealth detail and a bank statement, and targets large-volume traders.
Our Tier 1 verification cleared in two hours using an Emirates ID. That is fast, and not universal: other reviews report 24 to 48 hours for non-Gulf nationalities, particularly Egyptian and Jordanian applicants.
The platform asks for detailed source-of-funds information even at Tier 1, reflecting VARA’s strict anti-money-laundering requirements — positive for safety, mildly irritating if you are used to the lighter flow on Binance or Bybit. At the time of our testing, local currency deposits and withdrawals were supported in the UAE, Saudi Arabia, Kuwait, Bahrain, Oman and Qatar; users elsewhere may open an account but with limited funding options.
Account types
BitOasis offers two trading modes rather than two account types. Both run from the same account, balance and wallet; you switch with one click, and only the interface and fee calculation differ.
Lite is the default, built for beginners: one-click buying and selling at market price, no advanced order types, no charts, a flat 0.5% fee. Pro adds professional charts, market, limit and stop orders, and a tiered maker/taker model from 0.15% for high-volume traders.
| Feature | BitOasis Lite | BitOasis Pro |
|---|---|---|
| Trading fee | 0.5% flat | From 0.15% (volume-based) |
| Order types | Instant buy/sell only | Market, limit, stop |
| Charts | None | Advanced charting |
| Order book | Not available | Full order book |
| Intended user | Beginner | Intermediate to advanced |
One point for readers arriving from CFD broker reviews: the swap-free or Islamic account question does not apply here. Trading is spot only — no leverage, no margin, no overnight financing, no interest. There is nothing to make swap-free because there is no swap; you buy the asset and own it in your wallet. Whether trading cryptoassets is itself permissible is a separate question about the asset class, addressed below.
Fees and trading costs
Fees are BitOasis’s most obvious weakness. One clarification first: spreads and overnight financing, the usual CFD cost drivers, do not apply. A spot exchange charges a percentage of trade value — flat, or split into maker and taker rates — plus fees to move money in and out. Those are what we measured, in February 2026.
Trading fees
Lite charges a flat 0.5% on every buy and sell: buying AED 1,000 of Bitcoin cost us AED 5. The same trade costs 0.1% on Binance (AED 1) and 0.1% on OKX. The gap widens with size and applies twice over a round trip.
Pro uses a tiered maker/taker model on monthly volume, from 0.15% above USD 250,000 a month. For an ordinary trader, Pro runs 0.2% to 0.4% depending on whether the order is maker or taker. BitOasis rebuilt the Pro fee structure entirely in September 2025.
Funding and withdrawal fees
Our bank transfer deposit took one business day and cost nothing — a real advantage, since free local currency bank funding is rare among global exchanges for Gulf currencies. Card deposits cost 3.67% in the UAE and 3.99% elsewhere. Easy Funding, linking a bank account directly, was UAE-only and free.
Local currency withdrawals cost AED 25 below AED 25,000 and AED 65 at or above it — tolerable occasionally, costly weekly. Bitcoin withdrawals cost 0.0005 BTC per transaction, which independent comparisons put 138% above the sector average; other assets follow network fees with a margin added. We found no explicit inactivity fee policy, which counts in BitOasis’s favour against brokers such as eToro, which charges USD 10 monthly after 12 months idle.
| Fee type | BitOasis (Lite) | BitOasis (Pro) | Binance | Bybit | OKX |
|---|---|---|---|---|---|
| Buy/sell fee (base tier) | 0.50% | 0.20%-0.40% | 0.10% | 0.10% | 0.10% |
| Maker fee (base tier) | Not applicable | 0.20% | 0.10% | 0.10% | 0.08% |
| Taker fee (base tier) | Not applicable | 0.30% | 0.10% | 0.10% | 0.10% |
| Bank transfer deposit (AED) | Free | Free | Varies | Not directly supported | Not directly supported |
| Card deposit | 3.67% | 3.67% | 1.8%-2% | Varies | Varies |
| BTC withdrawal | 0.0005 BTC | 0.0005 BTC | 0.0002 BTC | 0.0002 BTC | 0.0001 BTC |
| Bank withdrawal (AED) | 25-65 AED | 25-65 AED | Not directly supported | Not directly supported | Not directly supported |
BitOasis is clearly expensive against the global exchanges, though the raw comparison is not entirely fair: free dirham and riyal bank funding in both directions is something Binance, Bybit and OKX do not deliver as smoothly in the Gulf. Price in converting local currency to USDT through a third party and depositing it elsewhere, and the gap narrows appreciably. For an active trader placing daily orders, it still compounds into a serious long-term cost.
Desktop platforms
Tested through a browser in February 2026, the desktop experience is competent but limited. BitOasis is web-only: no desktop application, no MetaTrader, no embedded TradingView.
Lite is among the most stripped-back trading screens we have used — a list of assets with buy and sell buttons, no charts, no analysis tools. Good for beginners, limiting for anyone wanting analysis before committing. Pro provides advanced charting, a live order book and multiple order types. Charts rendered smoothly and prices updated in real time, but the indicator and drawing toolkit is thin next to Binance or Bybit.
Page load speed was good when we tested from the UAE, with no noticeable lag in price updates. The platform is also fully available in Arabic with a correct right-to-left layout, rare among exchanges. The notable gap is automation: no advanced API for algorithmic traders, and no copy trading or bots of the kind standard on larger exchanges.
Mobile apps
We tested the app in March 2026; it carries the same limitations as the web platform. Published as “BitOasis: Buy Bitcoin & Crypto” on Google Play and the App Store, it supports Arabic in full and shows prices in dirhams, Saudi riyals or dollars.
The design is clean and focused: a Lite purchase takes three steps — pick the asset, set the amount, confirm. Pro mode exists on mobile, but order books and detailed charts are far easier on a desktop.
Price alerts worked well and can be set for any asset and target. One friction point: biometric authentication is not supported as a sole login method, so a password and two-factor code are needed every time. User reviews are mixed — some call it practical and easy with good conversion rates, others cite the limited asset list, no NFT support, and slow new listings.
| Criterion | BitOasis | Binance | Bybit | OKX |
|---|---|---|---|---|
| Beginner mode | Lite (very simple) | Lite | Available | Available |
| Advanced mode | Pro | Pro | Available | Available |
| Price alerts | Available | Available | Available | Available |
| Futures trading | Not available | Available | Available | Available |
Trading tools
BitOasis listed more than 80 cryptoassets during our testing, growing gradually — the first quarter of 2026 added SUI, SEI, STRK, JASMY and MEW among others. The main assets include Bitcoin, Ethereum, Solana, Cardano, Ripple, Litecoin, Dogecoin, Polygon, Avalanche and Chainlink, plus dozens of other large and mid-cap names. Pro pairs are quoted against AED, USD and USDT, so a UAE user can trade directly in dirhams without converting to USDT first.
| Platform | Cryptoassets | Futures | Options | NFTs | Staking |
|---|---|---|---|---|---|
| BitOasis | 80+ | Not available | Not available | Not available | Not available |
| Binance | 350+ | Available | Available | Available | Available |
| Bybit | 1,400+ | Available | Available | Available | Available |
| OKX | 300+ | Available | Available | Available | Available |
This is one of BitOasis’s largest weaknesses: no futures, no margin, no options, no NFT trading and no staking — only spot trading in a relatively narrow set of assets. From a risk management angle the absence is arguably a feature, since futures and margin can produce losses exceeding the capital deposited. For an advanced trader it makes the platform inadequate as a primary venue.
Order execution
We placed more than 30 trades on the live account, split between market and limit orders on Pro plus instant buys and sells on Lite. On Lite, execution is instant with no visible slippage, because the platform quotes an all-in price already containing the fee and the spread. Buying AED 500 of Bitcoin filled in under a second at exactly the displayed price. That price includes an implicit margin on top of the 0.5% fee, never shown as a separate line.
On Pro, market orders filled within a few seconds on main pairs such as BTC/AED and ETH/AED. Low-liquidity pairs can slip noticeably, because order book depth is limited compared with the large exchanges. The difference is material: single orders above roughly AED 50,000 can meet noticeable slippage, particularly on mid-cap assets. If you trade in size, use limit orders rather than market orders.
Following the CoinDCX acquisition in July 2024 and its engineering integration, execution infrastructure has most likely improved. Across our Q1 2026 testing we saw no outages and no significant delays on the main pairs.
Deposits
We funded the account by several routes, with sharply different results. Bank transfer is the cheapest: BitOasis charges nothing, though your sending bank may levy its own fee, and our transfer from a UAE bank account arrived within one business day. In the UAE, Easy Funding links a bank account directly and funds instantly at no cost.
Cards are supported through Visa and Mastercard at 3.67% in the UAE and 3.99% elsewhere — expensive against a free transfer, and instant. Depositing AED 1,000 by UAE credit card debited AED 1,036.70, including AED 36.70 in processing fees. Crypto deposits carry no platform fee, though the sender pays the network fee.
| Deposit method | Fee | Processing time | Countries supported |
|---|---|---|---|
| Bank transfer | Free | 1-2 business days | UAE, Saudi Arabia, Kuwait, Bahrain, Oman, Qatar |
| Easy Funding | Free | Instant | UAE only |
| Credit/debit card | 3.67% (UAE) / 3.99% (other) | Instant | All supported countries |
| Crypto transfer | Free (network fee paid by sender) | Blockchain dependent | Global |
The standout is direct support for six Gulf currencies — dirham (AED), Saudi riyal (SAR), Kuwaiti dinar (KWD), Qatari riyal (QAR), Omani riyal (OMR) and Bahraini dinar (BHD) — plus the US dollar. No global competitor covers that range as completely, and for someone paid in one of those currencies it removes a conversion step and its costs.
Withdrawals
Withdrawing was procedurally clear and slower than we hoped. Withdrawing AED 3,000 to a UAE bank account, BitOasis executed the request within one business day and the money landed 2 to 3 further business days later, for a fee of AED 25 (the amount being below AED 25,000). Some Trustpilot reviews describe waits of up to 10 business days; ours stayed within a reasonable window.
Crypto withdrawals are quicker, depending mainly on blockchain speed: our Ethereum withdrawal to a MetaMask wallet completed in roughly 15 minutes including the security review.
On the question that matters most — can you get your money out — the answer is yes; we withdrew in full without problems. In fairness, some Trustpilot users report withdrawals halted abruptly for unspecified “compliance checks”, particularly when balances reach certain levels. Those complaints likely reflect the strict anti-money-laundering procedures VARA imposes rather than a refusal to pay, but the disruption is real. Budget for the possibility that a large withdrawal triggers a review.
| Withdrawal method | Fee | Processing time | Minimum |
|---|---|---|---|
| Bank transfer (below AED 25,000) | AED 25 | 3-5 business days | Varies |
| Bank transfer (AED 25,000 and above) | AED 65 | 3-5 business days | Varies |
| BTC withdrawal | 0.0005 BTC | 30-60 minutes | 0.001 BTC |
| ETH withdrawal | Network fee plus margin | 15-30 minutes | Varies |
Customer support
Support was acceptable overall, with two gaps worth knowing about. Three channels are offered: email ([email protected]), live chat, and WhatsApp on +971 50 524 1822, the latter two staffed around the clock, seven days a week.
Testing live chat on a Tuesday at 2pm UAE time, an agent replied within 8 minutes; we asked about Pro trading fees and got a clear answer with a link to the fee page. Testing WhatsApp separately on verification timelines, the first reply took around 20 minutes. Users on review sites report response times stretching considerably at peak periods or during broad technical incidents.
For formal complaints, BitOasis commits to an initial response within 3 business days and a final response within a maximum of 6 weeks, in line with VARA’s requirements — a written deadline you can hold the firm to is one of the practical benefits of the local licence. The weaknesses: no telephone support at all, frustrating when the problem is financially sensitive, and no clear ticketing system, so tracking an open request is harder than it should be.
| Support criterion | BitOasis | Binance | Bybit | OKX |
|---|---|---|---|---|
| Live chat | Available | Available | Available | Available |
| Available | Not available | Not available | Not available | |
| Phone support | Not available | Not available | Not available | Not available |
| Hours | 24/7 | 24/7 | 24/7 | 24/7 |
WhatsApp support is a genuine differentiator — none of the three global competitors offers it, and in a market where WhatsApp is the default channel, that matters.
Research and education
Reviewed in the first quarter of 2026, educational resources cover the basics acceptably and little more. The blog at blog.bitoasis.net carries educational articles, platform news and listing announcements, mainly in English with some Arabic material, covering fundamentals: what Bitcoin is, how to buy cryptoassets, digital security. The help centre at support.bitoasis.net provides practical guides on verification, deposits and withdrawals.
What is missing is substantial: no learning academy comparable to Binance Academy or OKX Learn, no webinars, no regular educational video, no daily market analysis, no research reports, and no built-in technical analysis tools or proprietary indicators. Arabic content is very limited next to English. A beginner will depend heavily on outside sources — a real weakness given that beginners are a large share of the intended audience.
Fund safety and protections
Assessed in March 2026, security practices are consistent with UAE regulatory requirements.
Cold storage. BitOasis states that the majority of customer cryptoassets sit in offline cold wallets, and it has had no publicly disclosed breach since 2015 — a strong record in a sector that saw the USD 1.5 billion Bybit breach in February 2025.
Authentication and compliance. Two-factor authentication through apps such as Google Authenticator is mandatory for withdrawals, which also require email confirmation, and connections are secured by SSL/TLS. Supervision by VARA and the FSRA obliges BitOasis to segregate client money from operating funds, apply strict KYC and AML procedures, and report periodically to the regulators.
Custody. BitOasis is custodial: you do not hold the private keys to your cryptoassets, and for full control you must move them to an external wallet. This is true of every centralised exchange, but it is the most important thing to understand about where your assets sit.
On insurance, we found no clear information about an insurance fund or compensation programme covering a breach or insolvency, where some large platforms such as Coinbase insure a portion of hot-storage assets. That absence of transparency is a weakness, and it marks the practical limit of what a Tier 2 licence buys you.
| Security criterion | BitOasis | Assessment |
|---|---|---|
| Cold storage | Yes (majority of assets) | Good |
| Two-factor authentication | Yes (Google Authenticator) | Good |
| Email confirmation on withdrawal | Yes | Good |
| SSL/TLS encryption | Yes | Standard |
| Client money segregation | Yes (regulatory requirement) | Good |
| Asset insurance | Not disclosed | Weak |
| Compensation programme | Not available | Weak |
| Breach history | No disclosed breach | Excellent |
Verdict
BitOasis occupies a distinct position in the Middle East cryptoasset market. It is not the cheapest, largest or most diverse, but it may be the most appropriate for a specific group of Gulf users: the local licences (VARA, FSRA, CBB), six Gulf currencies and free bank funding in dirhams and riyals are advantages global competitors do not deliver as smoothly.
Against that, the 0.5% Lite fee, the 80+ asset list and the absence of advanced instruments cap its appeal to active traders. We would recommend BitOasis to beginners in the Gulf buying Bitcoin or Ethereum in local currency through a locally licensed venue, and not as a primary platform for daily traders.
| Category | Weight | Score |
|---|---|---|
| Regulation and licensing | 25% | 7.0 |
| Trading costs | 20% | 4.0 |
| Withdrawals and fund access | 20% | 6.5 |
| Platforms and execution | 15% | 5.5 |
| Customer support | 10% | 7.5 |
| Research and transparency | 10% | 4.0 |
| Overall | 100% | 5.8 |
A note on that number, since our Arabic edition published a higher one. That edition scored an extra category for Arabic-language trading experience, BitOasis’s strongest area by some distance. Our English rubric does not score it, so its weight redistributes onto trading costs and research and transparency — the two categories where BitOasis performs worst. The arithmetic moved, not the findings. Read our rating methodology in full.
Risk warning. Trading cryptoassets carries very high risk. Prices are extremely volatile and you can lose your entire invested capital. Do not trade with money you cannot afford to lose. BitOasis is custodial, so you do not hold the private keys to assets kept on the exchange. Past performance does not guarantee future results, and nothing here is investment advice or a recommendation to trade.
Is BitOasis trustworthy?
Is BitOasis a scam?
No. Our verification found a registered company licensed by three regulators, trading since 2015 and institutionally backed. It did face a VARA suspension in 2023 before recovering its full licence in 2024, and that belongs in any honest answer.
Can I withdraw my money?
Yes. We withdrew our funds in full within 3 to 5 business days. Some users report delays from compliance procedures — AML rules being applied rather than withdrawals refused, though it can still leave you waiting past the published window.
Is BitOasis permissible under Islamic finance principles?
The platform is a neutral technical tool, and trading on it is spot only, with no leverage and no interest-bearing charges. The religious question attaches to cryptoassets themselves rather than to how the platform works, and that is a matter of scholarly disagreement we are not qualified to rule on.
Does the UAE licence protect my money?
Partly. VARA and FSRA require client money segregation, strict KYC and AML procedures and periodic reporting, and give you a complaints process with deadlines. We found no disclosed insurance fund or compensation programme covering a breach or insolvency. Supervision is not a guarantee.
Frequently asked questions
Is BitOasis safe and reliable?
BitOasis is licensed by Dubai’s Virtual Assets Regulatory Authority under number VL/2024/11/001, by the FSRA at Abu Dhabi Global Market, and by the Central Bank of Bahrain. It has operated since 2015 and holds most customer assets in cold wallets, which makes it one of the safer platforms in the region — with the caveat of the temporary VARA suspension in 2023 before its full licence in December 2024.
What are BitOasis trading fees?
Lite charges a flat 0.5% per buy or sell. Pro uses a tiered maker/taker model on monthly volume, from 0.15% for high-volume traders up to 0.3%-0.4% for an ordinary trader. Bank deposits are free; card deposits cost 3.67% in the UAE.
Which cryptoassets are available on BitOasis?
More than 80 at the time of our testing, including Bitcoin, Ethereum, Solana, Cardano, Ripple, Litecoin and Dogecoin. New assets are added periodically, but the total stays well below Binance (350+) and Bybit (1,400+).
How long does a BitOasis withdrawal take?
Local currency withdrawals to a bank account took 3 to 5 business days when we tested, at AED 25 below AED 25,000 and AED 65 above. Crypto withdrawals completed in 15 to 60 minutes depending on the blockchain.
Does BitOasis offer leverage or futures?
No. BitOasis offers spot trading exclusively: you buy the cryptoasset and hold it. There is no leverage, no futures, no options and no margin trading. Those instruments require a platform such as Binance, Bybit or OKX, and carry substantially higher risk than spot.
Who owns BitOasis?
Since July 2024, India’s CoinDCX has owned 100% of BitOasis. CoinDCX is India’s largest cryptoasset exchange, backed by investment from Coinbase, and its engineering team supports the infrastructure. Founder Ola Doudin continues to lead day-to-day operations and the platform keeps its own brand.
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