BitOasis review

4.0Last reviewed 2026-08-12

BitOasis is a solid choice for buying bitcoin in the UAE and the wider Gulf: it holds a full license from Dubai's Virtual Assets Regulatory Authority (VARA), takes dirham deposits through local banks, and has operated in the region longer than any rival.

Founded in Dubai in 2015, BitOasis became the reference exchange for the Middle East and North Africa. India's CoinDCX took a strategic stake in August 2023 and acquired the company outright in July 2024, keeping the BitOasis brand and regional leadership in place. The deal brought fresh capital, and licensing progress followed: VARA granted BitOasis a full Virtual Asset Service Provider license on December 9, 2024, the final step in a process that began with an operational license in May 2023.

In practice you fund with AED bank transfers or a card, then buy bitcoin alongside a range of other cryptocurrencies. It is a custodial platform, so withdraw to your own wallet after buying. Pricing differs between instant buys and the pro exchange and varies by volume, so check the live fee page before trading rather than assuming one flat rate.

Visit BitOasisOpens bitoasis.net

Founded: 2015
Headquarters: Dubai, United Arab Emirates
Fees: Trading fees on the pro exchange plus different pricing on instant buys; rates vary by product and volume, so check the live fee schedule before trading.
KYC: Required
Payment methods: Credit or debit card, Local bank transfer
Status: Operating

How you can pay on BitOasis

Every deposit rail BitOasis supports in at least one market. Which of them you can use depends on your country; the country guides below list the exact methods per market.

Domestic bank rail: Local bank transfer
Card: Credit or debit card

As published by BitOasis: Bank transfer (AED), Credit or debit card.

Where BitOasis offers each rail, country by country

Pros and cons

What works

Full VASP license from Dubai's VARA, granted December 9, 2024, a rare level of regulatory cover in MENA
AED deposits through local bank transfer, with no need to route money abroad
Operating since 2015, the longest track record of any MENA exchange
The CoinDCX acquisition in July 2024 brought fresh capital while keeping the local brand and team

What to watch

Custodial platform: you must withdraw bitcoin to your own wallet after buying
Not bitcoin-only: the app lists a wide range of other tokens
Focused on MENA; users elsewhere have better options

Fees in detail

spread note: BitOasis does not publish one flat rate; expect different pricing on instant buys versus the pro exchange.
deposit note: AED bank transfer through local banks is the standard funding route.

Every BitOasis cost, by rail and by country

Where we recommend BitOasis

Countries where BitOasis ranks in our local guide, each with its rank, the payment methods it takes there and the legal position. Availability beyond these is possible but unverified by us.

All 6 countries with rank, rails and legal status

Frequently asked questions

Is BitOasis regulated?

Yes. Dubai's Virtual Assets Regulatory Authority granted BitOasis a full Virtual Asset Service Provider license on December 9, 2024, after an initial operational license in May 2023.

Who owns BitOasis?

Indian exchange CoinDCX acquired 100 percent of BitOasis in July 2024, after first taking a strategic stake in August 2023. The BitOasis brand and regional leadership were retained.

Can I buy bitcoin with UAE dirhams on BitOasis?

Yes. BitOasis supports AED funding through local bank transfer and card payments, and lists bitcoin against regional currencies.

Is BitOasis only for the UAE?

The UAE is its regulated home market, but BitOasis has long served users across the Middle East and North Africa. Availability and features vary by country, so check the app for your market.