What is Ethereum? How can you buy ETH in GCC?

Reading this article you will be able to know the places and exchanges that are offering Ethereum and GCC

Do you live in countries that fall under the Global Cooperation Council? Or do you wish to buy Ethereum in GCC states? We have got you covered. Reading this article you will be able to know the places and exchanges that are offering Ethereum trading for GCC states and residents.

What is Ethereum?

In the world of the decentralized financial system, Ethereum is an open-source blockchain technology that runs by a proof-of-work mechanism. Whereas, Ether, on the other hand, is the native cryptocurrency used by the blockchain. In terms of market capitalization, Ether is the top second cryptocurrency.

How can you Buy ETH in GCC?

If you wish to get involved in the trading of Ethereum from the GCC states, consider the following exchange options and properly analyze the eth price page for the live price index provided by every platform.

BitOasis

BitOasis is the leading crypto exchange platform that runs in the MENA regions.

Pros:

• Use AED or SAR to buy crypto.
• A fully regulated exchange.
• Use their mobile application.
• You can find more than 20 cryptocurrencies.
• Zero commission.
• The assets are stored in cold storage backed by top-notch safety mechanisms.
• BitOasis Core and BitOasis Pro platforms are available.

Cons:

• You can not find new cryptocurrencies with smaller caps.

eToro

eToro is among the highly used, secured, and reliable trading platforms in the UAE that offers more than 40 cryptocurrencies.

Pros:

• You can trade crypto, stocks, ETFs, forex, indices, or commodities.
• Zero commission.
• Users can enjoy local bank transfers, eWallets, and card payments.
• You can find social trading and copy trading tools.
• The minimum deposit is $50.
• The mobile app is available too.
• The website and the app are user-friendly with a good interface.
• FCA, CySEC, and ASIC regulated.

Cons:

• Users can not find advanced tools.
• MT4 and MT5 are not supported.

Binance

Binance is the top cryptocurrency exchange globally with over 100 million users.

Pros:

• Users can find multiple supported pairs of digital asset.
• The commissions are 0.1% per slide.
• The platform is user-friendly for beginners and can be well used by experienced traders.
• The daily trading volume is around billions.
• For near-instant deposits, users can utilize their debit/credit cards or bank transfers.
• You can save cryptocurrencies in accounts.

Cons:

• Users can not deposit or withdraw their e-wallets.

Libertex

It is the widely used platform by day traders who can experience low spreads and a minimum deposit of only 10 dollars.

Pros:

• No deposit fee.
• The commissions are fixed.
• The platform is integrated with MetaTrader 4 and 5.
• Pay using several methods.
• Users can find a demo account with virtual equity of $50,000.
• The mobile app has a friendly interface.
• The website is well designed and user-friendly.

Cons:

• The customer support is weak.
• CFD derivative trading.

Alvexo

Alvexo is regulated and managed by the Financial Services Authority (FSA) of Seychelles and has 375 thousand registered users who trade with Ethereum without commissions.

Pros:

• The platform is FSA regulated.
• It has a trading academy with live seminars and webinars.
• Users can trade crypto, stocks, forex, or commodities CFDs.
• No commission.
• MT4 and WebTrader integrations.
• It has numerous advanced trading tools.
• Keep users notified of market news and economic events.

Cons:

• The minimum deposit is high (€ 500).
• The platform lacks numerous financial instruments

To buy ETH, choose one of these exchanges, follow the purchasing instructions provided on their website, analyze the eth price page, and make your purchase.

There are numerous benefits of Ethereum. Choice of millions because Ethereum is a leading blockchain platform with innovation in blockchain space. Also, Ethereum is the second most popular crypto asset, even in a small period of time.

Regardless of whichever crypto exchange, you are using, you must also be aware of all the risks and disadvantages of investing in Ethereum. If you want a safe experience while investing in Ethereum, make in-depth research regarding the pros and cons of investing in Ethereum.