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How to use Bitcoin ATM in Dubai

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How to use Bitcoin ATM in Dubai

Did you know that residents and tourists in Dubai can now purchase Bitcoin with cash by ATM?

The first bitcoin-spending UAE ATM is in the 5-star Rixos Premium in Dubai Hotel at JBR, according to a Khaleej Times report.
Buyers do not need any other documentation than cash for instantly buying bitcoin. According to AnhadDhingra, CEO, Amhora, licensed for the ATM, customers will require an Emirates ID or passport to sell their digital currency later.

"You insert cash at this kiosk and immediately get Bitcoins. It is possible to purchase Bitcoins through banking platforms and debit cards already but since we accept cash, it is very different. This is the first commercial Bitcoin kiosk in the city," Dhingra was quoted by the report to say.

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Dubai's Department of Economic Development has granted Dhingra's ATM a license. The total purchase of bitcoin through the ATM, which processes the currency at real-time exchange rates, has a five percent commission.

The option to sell bitcoin through the ATM is also ongoing and "within the next few months" should be available, Dhingra said.

How to use Bitcoin ATM in Dubai?

Using the bitcoin ATM is pretty simply just as most ATMs
  1. Select the cryptocurrency you would like to purchase
  2. Insert your phone number
  3. Type in the verification code sent to your phone
  4. Scan your QR code
  5. Insert cash
  6. Receive the bitcoin sent to your wallet automatically 
Yes! It’s that simple to buy bitcoin on the bitcoin ATM in Dubai. Those interested in exploring the world of digital currencies in the country can do so now, and especially while remaining anonymous. Bitcoin can be purchased with cash at an ATM with no questions asked. However, users are unable to sell Bitcoin through the machine at this time. AnhadDhingra, the CEO of, stated that the sell option would be available in a few months.



While buying Bitcoin without KYC or an ID card may appeal to crypto users looking to remain anonymous, you should be aware that this isn't entirely true. You may be wondering Why this is so. Users require a wallet to send their cryptocurrencies after purchasing Bitcoin with cash at an ATM, and using an exchange makes their details accessible to some extent.

In addition, when the sell option is enabled on the Bitcoin ATM, users will be required to use their Emirates ID card to make purchases.
Users require a wallet to send their cryptocurrencies after purchasing Bitcoin with cash at an ATM, and using an exchange makes their details accessible to some extent.

In addition, when the sell option is enabled on the Bitcoin ATM, users will be required to use their Emirates ID card to make purchases.
Dhingra, the CEO of the company in a statement says,

“The commission is very attractive because you can buy bitcoins instantly. Otherwise, people have to go through several procedures which take a lot of time. At this kiosk, you just insert cash, and you get bitcoins instantly. It is possible to purchase bitcoins through banking platforms and debit cards already but since we accept cash, it is very different.”

Finally, Did you know that globally, the number of Bitcoin ATMs has increased. There were over 4,000 Bitcoin ATMs in operation as of January 2019. According to Coinatmradar.com, the United States has the most crypto ATMs, with 2,493 or 55.9 percent of the world's total.

Did you learn something valuable? We certainly hope you did because that is our main goal. The Watchtower, a leading SEO, Digital Marketing Company, and Web Design agency in Dubai would always provide you with great content.

  May 28, 2021     by Ebimo Dogubo     197 Views     0

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© Copyright The Watchtower 2010 - .