Crypto · Middle East & North Africa · Available
Bitcoin in the United Arab Emirates
Bitcoin is one of the payment methods in the United Arab Emirates. Payments are made in BTC; the method supports pay-in, payout; settlement: on-chain; chargebacks: not possible. The payments regulator in the United Arab Emirates is Central Bank of the UAE (CBUAE). Providers for Bitcoin in the United Arab Emirates in the Tranzify catalogue: Binance Pay.
Key facts
- Currency
- BTC (Bitcoin (BTC))
- Operations
- Pay-in · Payout
- Settlement
- on-chain
- Chargebacks
- not possible
- Payments regulator
- Central Bank of the UAE (CBUAE)
Providers for Bitcoin in the United Arab Emirates
| Provider | Provider type | Supported operations | Status at Tranzify |
|---|---|---|---|
| Binance Pay | Crypto provider | Pay-in, Payout | On request |
How a payment goes through
- 1The checkout shows a deposit address and the exact amount in the asset
- 2The payer sends from any wallet or exchange
- 3The provider waits for the confirmations the network needs
- 4Webhook to the merchant; settlement in the asset or in fiat by the licensed provider
Other payment methods in the United Arab Emirates
| Type | Payment methods | share of e-commerce payments |
|---|---|---|
| Cards | Visa | — |
| Cards | Mastercard | — |
| Wallets | Apple Pay | — |
| Wallets | Google Pay | — |
| Crypto | USDT (Tether) | — |
| Wallets | PayPal | — |
Bitcoin in other countries
Frequently asked questions
Which providers offer Bitcoin in the United Arab Emirates?+
In the Tranzify catalogue Bitcoin in the United Arab Emirates is offered by Binance Pay. A client connects its own account with the provider as a terminal; routing and cascading between several providers are set up in the back office.
How widely is Bitcoin used in the United Arab Emirates?+
The catalogue has no published market share for Bitcoin in the United Arab Emirates; the method is listed among the country's payment methods.
Which operations does Bitcoin support in the United Arab Emirates?+
Bitcoin supports pay-in, payout. Settlement is on-chain and chargebacks are not possible; the amounts are in BTC.
Who holds the licence for Bitcoin in the United Arab Emirates?+
Tranzify is software. The licensed client, a payment institution, an acquirer or its partner, contracts with the providers and the merchants; the platform routes the payments, records them in the journal and reports them. The payments regulator in the United Arab Emirates is Central Bank of the UAE (CBUAE).
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