Best Crypto Wallet in Dubai

How to get a crypto wallet in Dubai

1. Download the Best Wallet app on the App Store or Google Play.
2. Write down your backup passphrase and add a PIN, biometrics, and two-factor authentication.
3. Seamlessly send, receive, store, and trade cryptocurrencies from 60+ networks.

Why Best Wallet is the best crypto wallet in Dubai

Best Wallet offers a user-friendly yet highly secure crypto wallet app. Millions of digital assets are supported from the leading blockchain networks, including Bitcoin, Solana, Ethereum, Base, and BNB Chain. Best Wallet is secured by encrypted private keys, allowing users to store cryptocurrencies securely and anonymously. 

This means Best Wallet users in Dubai have full control of their crypto holdings, with no access from third-party intermediaries. Funds are also secured with a PIN, biometrics, and two-factor authentication. Best Wallet is also the best crypto wallet in Dubai for trading features. Users can swap tokens instantly without needing to use centralized providers. 

Trades can be conducted across multiple chains, such as swapping Ethereum for BNB or Solana for Litecoin. Best Wallet also supports credit card and e-wallet purchases with AED – no KYC verification is needed. The in-built crypto launchpad is also popular with Dubai traders, allowing them to buy brand-new cryptocurrencies before they’re added to exchanges. 

Completely secure

Security is the most important factor when choosing the best crypto wallet in Dubai. This ensures your funds are always safe. 

These security features are available when using the Best Wallet app:

• Encrypted Private Keys: Nobody but the wallet owner has access to the private keys. They’re encrypted on the smartphone device, ensuring cryptocurrencies are stored in a self-custody environment. 
• Backup Passphrase: Best Wallet users are provided with a 12-word backup passphrase when creating a wallet. This recovers access to the wallet if the smartphone is lost, damaged, or stolen. It’s also required if you forget the PIN. 
• PIN or Biometrics: Users must enter a PIN or biometrics when opening the Best Wallet app. In addition to a smartphone screen lock, this ensures unauthorized access is prevented from the get-go. 
• Two-Factor Authentication: An optional but highly recommended security add-on is two-factor authentication. Best Wallet’s server sends a code via SMS whenever wallet access is needed. This extra safeguard takes security to the next level. 

Let’s take a closer look at why Best Wallet is the top crypto wallet in Dubai for safety.

As a self-custody wallet, users have full control of their crypto funds. This is why the wallet’s private keys, which are unique to the user, are encrypted onto the smartphone device. This ensures only the wallet owner can authorize transactions (e.g. sending crypto to another wallet). 

In addition, a backup passphrase is also provided to the user. This is a user-friendly representation of the private keys, as it’s shown as a string of 12 words. The backup passphrase should be written down and kept somewhere private – it provides access to the wallet balance from any device. 

Best Wallet users will also need to create a PIN when getting started. This can be changed to biometrics once the set-up process is complete. This means either a PIN or fingerprint ID is required when opening the wallet app. Two-factor authentication is another security feature that ensures safety. 

Users receive an SMS code to their provided mobile number. This happens whenever access to the wallet app is needed. Ultimately, Best Wallet offers everything required to enjoy a secure and seamless wallet experience. These characteristics are crucial when selecting a cryptocurrency wallet in Dubai. 

Buy, store, swap & stake crypto over 60+ chains

Many crypto enthusiasts in Dubai hold multiple cryptocurrencies from different network standards, whether that’s Bitcoin, Solana, Shiba Inu, Dogecoin, Uniswap, or Ethereum. Best Wallet supports over 60 networks, allowing you to store all their cryptocurrencies in one safe place. This prevents multiple wallets from being managed simultaneously. 

Here are some of the most popular networks supported by the Best Wallet app:

Network	Send	Receive	Store	Buy	Sell	Swap
Bitcoin	✅	✅	✅	✅	✅	❌
Ethereum	✅	✅	✅	✅	✅	✅
Solana	✅	✅	✅	✅	✅	✅
BNB Chain	✅	✅	✅	✅	✅	✅
Arbitrum	✅	✅	✅	✅	✅	✅
Polygon	✅	✅	✅	✅	✅	✅

Another feature is that custom tokens can be added to all supported networks. For example, suppose you purchase a brand-new token from the Ethereum ecosystem. It won’t initially be supported by the Best Wallet app, considering it’s new to the market. All you need to do is copy the token’s unique contract address and paste it into Best Wallet. 

After that, you can use Best Wallet to send, receive, and store the respective Ethereum token. Best Wallet is also the best crypto wallet in Dubai for buying, selling, and trading cryptocurrencies. These functions can be achieved without leaving the wallet interface. For instance, let’s say you want to buy Solana with AED.  

You can use a debit/credit card, e-wallet, and other popular methods, with no requirements to upload KYC documents. The Solana purchased will be added to the Best Wallet balance almost immediately. Similarly, Best Wallet can also be used to sell cryptocurrencies for AED. This offers a convenient and private way to cash out from the crypto markets. 

Best Wallet is also popular for its instant token-swapping feature. For example, suppose you’re currently holding BNB but want to have Bonk in your portfolio. Best Wallet completes this swap at the best market rates, as prices are extracted from external liquidity pools. Token swaps are not quick and affordable but completely private. 

Crypto enthusiasts in Dubai will also like Best Walet’s staking feature. This enables users to earn passive income on idle wallet balances. Best Wallet uses an aggregator bridge, ensuring the highest APYs on the respective staking tokens. This prevents users from needing to shop around for the best rates and terms. 

Fully anonymous with true ownership of your assets

Anonymity and privacy are important factors when choosing the best Bitcoin wallet in Dubai. As a self-custody wallet, Best Wallet users are never asked for personal information. Some users even opt for a VPN for enhanced protection. Crucially, Best Wallet users can send, receive, and store cryptocurrencies without ever revealing their identity or location. 

This is also the case when buying, selling, and trading cryptocurrencies. Unlike centralized exchanges, Best Wallet doesn’t collect government-issued ID or proof of residency. Nor does it collect or store IP addresses. It’s also important to mention that Best Wallet, nor any other third parties, can access the user’s crypto balance. 

This is because the private keys are encrypted onto the user’s smartphone. Therefore, only the smartphone owner can authorize outgoing transactions. This also means that wallet balances can’t be frozen nor can transactions be rejected. Best Wallet simply provides a secure interface that connects users with the blockchain ecosystem, meaning complete decentralization. 

Find new upcoming tokens

Best Wallet is the best crypto wallet in Dubai for discovering blockchain startups. Users will find a launchpad feature that helps new cryptocurrencies raise funds. In turn, they receive a brand-new token before it lists on exchanges. The key benefit is that launchpad participants get a low valuation and a discounted entry price. 

Unlike many launchpads, Best Wallet has an extensive due diligence process when reviewing applications. This ensures only legitimate projects have access to the Best Wallet ecosystem, and its growing pool of users. Participating in a launchpad event couldn’t be easier, as funds are taken directly from the Best Wallet balance. 

A recent launchpad event to consider is Pepe Unchained, which is developing a Layer-2 network that supports decentralized applications. Pepe Unchained’s native token, PEPU, was initially sold to Best Wallet users for just $0.008. After the launchpad event, PEPU was launched on exchanges. It surged to $0.06858 within a week, netting launchpad participants 700% returns. 

You can find existing and upcoming launchpad events on the main Best Wallet interface. Each launchpad comes with key data, such as the token supply, project vision, whitepaper, and roadmap. Most launchpads accept ETH, USDT, or BNB. You can obtain these tokens instantly on Best Wallet with AED. 

Connect to the best decentralized applications (dApps)

Best Wallet seamlessly connects to decentralized applications (dApps), ensuring users have unfettered access to the Web 3.0 ecosystem. This includes metaverses, decentralized exchanges, lending platforms, play-to-earn games, and more.  

Some dApps can be accessed directly within the Best Wallet app. These dApps have been pre-vetted, ensuring they’re secure and reputable. That said, Best Wallet also integrates with WalletConnect, meaning users can access any dApp of their choosing. 

Here’s how it works when using our free crypto wallet in Dubai:

• Suppose you want to connect with an Ethereum dApp like Uniswap.
• You visit Uniswap on a desktop device and select the “WalletConnect” option.
• Uniswap populates a unique QR code.
• You then open Best Wallet, select “WalletConnect”, and scan the QR code with the smartphone’s camera.
• Thereon, Best Wallet is securely and privately connected to Uniswap until you disconnect it manually. 

The Best Wallet balance can be used directly when connecting with dApps. For instance, suppose you want to lend Solana on a decentralized finance (DeFi) protocol. The Solana tokens are transferred from the balance into the protocol once you authorize it. This is conducted via decentralized smart contracts, ensuring centralized parties never hold funds. 

Ecosystem token & airdrop

The Best Wallet ecosystem is backed by a unique utility token, BEST. Holding BEST provides many benefits, such as:

• Reduced Ecosystem Fees: BEST holders enjoy the most cost-effective experience when using in-app products and services. For instance, you’d get better rates when buying or selling crypto with AED. 
• Early Access to Launchpad Events: Most launchpad events come in multiple stages, with the price increasing accordingly. Holding BEST means you can support the project in the first stage and thus, secure the lowest entry price. 
• Enhanced Staking Rewards: You can earn higher staking APYs when holding BEST, meaning more favorable interest rates than other users. This is ideal when compounding staking returns over time. 
• Governance Rights: BEST holders also have access to the Best Wallet governance program. New proposals are voted on, giving all holders a voice. Best Wallet implements whatever direction token holders wish to take. 

BEST tokens are currently being sold via a launchpad event, accessible on the Best Wallet app. This enables you to secure the best price possible before the initial exchange listing. Millions of dollars worth of ETH, USDT, and BNB have already been put towards the project. 

As the best wallet for crypto in Dubai, BEST can also be obtained via an ongoing airdrop campaign. 

Here’s the airdrop works:

• Users earn points when completing airdrop tasks, such as social media shares, likes, and comments. 
• Points are converted to BEST after the launchpad ends and distributed to participants accordingly. 
• This means you can get BEST tokens without needing to risk any money. 

Trusted & loved by our users

According to many existing users, Best Wallet is the best crypto wallet app in Dubai. Thousands of positive experiences have been shared, leading to excellent ratings on Google Play and the App Store. 

For example, many users claim to be first-timers, appreciating Best Wallet’s consumer-friendly design. Best Wallet has also received many positive reviews for its robust security features. The combination of biometrics and two-factor authentication is particularly popular. 

Exciting roadmap

Best Wallet’s features and services are only getting started. The development team is working on many other product releases, which will be launched in the coming months. 

Here’s a snapshot of what to expect:

Browser extension

Many Best Wallet users have asked for a browser extension. We’ve listed and this will be launched imminently. The extension will support popular browsers like Chrome, allowing users in Dubai to transact on a laptop or PC. 

Similar to the mobile app, Best Wallet’s browser extension offers a private, secure, and self-custody experience. Private keys are fully encrypted onto the desktop device, ensuring only the wallet owner can authorize transactions.

Best Card

Best Wallet will also become the best BTC wallet in Dubai for spending crypto balances in the real world. Best Card is a virtual card that connects directly to the Best Wallet app. It’s compatible with Google and Apple Pay, meaning transactions can be conducted online and in stores. 

The default crypto (e.g. Bitcoin) is swapped for the local currency near-instantly, ensuring Best Card users avoid unnecessary fees. The merchant won’t know that crypto was used, as they receive the local currency as normal. What’s more, Best Card users earn cashback of up to 8% on eligible purchases. This is paid in crypto, allowing users to earn while they spend.

Derivative trading

Best Wallet will soon be one of the best crypto wallets in Dubai for derivative trading. Users will be able to trade perpetual futures with leverage, with both long and short positions supported. Unlike most derivative platforms, the process will remain decentralized and self-custodial. 

This means you can access leveraged products without losing control of the crypto funds. However, do note that Best Wallet’s derivatives are aimed at experienced traders. They’re risky products and liquidation will mean potentially large losses. 

How to get a Bitcoin wallet in Dubai

We’ll now explain how to start using the best crypto wallet in Dubai. Let’s get your Best Wallet app set up in under five minutes. 

Step 1: Download the Best Wallet app

The first step is downloading the Best Wallet app from the App Store or Google Play.  

Tip: While not mandatory (as Best Wallet doesn’t collect or store IP addresses), consider using a VPN for enhanced privacy. 

Step 2: Confirm an email address

Open the Best Wallet app and enter an email address. 

Enter the email verification code to proceed. 

Step 3: Complete security steps

As the best crypto wallet app in Dubai for security, you’ll now need to complete some safety procedures. This ensures your cryptocurrencies are kept secure at all times. 

So, the first step is to choose a PIN (minimum 4 digits). Then write the backup passphrase on a sheet of paper. Never store this online (e.g. an email or Google document), as it could be hacked remotely. 

Now click the “Settings” icon. This enables you to set up and activate two-factor authentication, which is highly recommended for added security. Provide a mobile number and enter the verification code. 

The “Settings” page also lets you enable biometrics. This means fingerprint ID will replace the PIN when logging in. 

Step 4: Receive crypto

Your crypto wallet is now set up and secured. The next step is to add some cryptocurrencies. Skip to the next step if you don’t currently hold any digital assets elsewhere (like an exchange). 

So, click on the crypto you want to deposit, like Bitcoin or Ethereum. Click the “Receive” button and copy the public key (wallet address). This is unique to your Best Wallet account. Then transfer the cryptocurrencies to the copied wallet address. 

You will also see a QR code after clicking the “Receive’ button. Scanning this from a mobile device automatically populates the wallet address. This is a good option if you’re transferring funds from another smartphone device.  

Step 5: Buy crypto

Buying cryptocurrencies with AED on Best Wallet couldn’t be easier. Multiple payment types are accepted by partnered gateways, including Visa, MasterCard, and e-wallets like PayPal. 

First, click the “Trade” button. Then click “Buy” and choose “AED” as the currency. Specify the purchase amount, ensuring the minimum is met. Then choose which crypto you want to buy, such as Bitcoin, Polygon, or BNB. 

Now select the payment method and review the exchange rate. Proceed by entering the payment details and confirming the payment. Most purchases will appear in the Best Wallet balance almost immediately. 

What is a crypto wallet?

Crypto wallets store digital assets like Bitcoin, Ethereum, and BNB. Wallets come with a unique public key, better known as a “wallet address”. This is similar to a bank account number, as it’s unique to the wallet owner. 

Cryptocurrencies are transferred to this wallet address, with transactions processed by the blockchain. Wallets are also used to transfer funds to others. The receiver’s wallet address is provided when initiating the transaction. 

When using a self-custody wallet, users have full control of the “private keys”. This ensures only the wallet owner can authorize transactions. Private keys also prevent access from third parties, meaning wallet balances can’t be frozen. 

The best crypto wallets in Dubai also come with other features. For example, Best Wallet allows users to swap tokens instantly, such as Ethereum for Solana or Dogecoin for XRP. Users can also buy and sell cryptocurrencies with AED, not to mention stake tokens for passive rewards. 

Why do you need a Bitcoin wallet?

These are the key reasons why a Dubai crypto wallet is crucial when putting your funds toward digital assets:

Full control of your crypto funds

Keeping crypto holdings on an exchange means trusting a third party. The recent Bybit hack, where $1.5 billion was stolen by online hackers, highlights the importance of self-custody control. 

This is because Bybit, and all other centralized exchanges, have a single point of failure. So, if the servers are breached, user funds are at risk. Using the Best Wallet app means these counterparty risks can be avoided. 

Only the wallet owner can control and access the private keys, as they’re encrypted on the device. Therefore, Best Wallet users can store cryptocurrencies in a decentralized environment, ensuring complete control and authority.  

Sending and receiving funds

In many ways, the best crypto wallets in Dubai offer similar functions to a bank account. This is because funds can be transferred to and from the wallet. However, unlike a bank account, the Best Wallet app is decentralized, meaning self-custody storage. 

As such, users can send and receive cryptocurrencies without requiring approval. This is the case no matter where the transacting parties are based, or the size of the transfer. In contrast, bank accounts often require manual checks when transferring funds. 

For example, large transactions might require additional documents, such as proof of source of funds. Even incoming transactions can trigger KYC checks. These risks are alleviated when using the Best Wallet app, with no requirement to appease centralized financial institutions. 

Trading without using centralized exchanges

Trading features are another reason to choose a free Bitcoin wallet in Dubai. For example, suppose you want to buy Ethereum with AED via a credit card. You need to upload a government-issued ID and proof of residency when using a traditional online exchange. 

This is also the case when selling cryptocurrencies for AED and cashing out to a bank account. The user experience is completely different when using the Best Wallet app. Users can buy and sell cryptocurrencies with AED without KYC processes, ensuring privacy and anonymity. 

In addition, a crypto wallet is also required when using Web 3.0 dApps, like DeFi platforms. This is because DeFi platforms are decentralized, so client-owned funds are never held. Thus, users simply need to connect a privately controlled wallet to transact. 

How to choose a crypto wallet

Choosing the best crypto wallet in Dubai can be daunting, considering how many options exist in the market. 

Consider these factors when researching wallet providers. 

Custodianship

Custodianship determines who’s responsible for safeguarding the wallet’s private keys. By extension, whoever holds the private keys has control of the wallet funds.  

Crypto enthusiasts in Dubai have two options in this regard:

• Custodial Wallets: This option is offered by online exchanges. Users deposit cryptocurrencies into their exchange account, which are managed by the platform. Users don’t have access to the private keys, so require permission when transferring funds. Moreover, custodian exchanges are centralized, so client-owned funds can be stolen if the servers are breached. 
• Self-Custody Wallets: This is the recommended option when putting your money toward cryptocurrencies. Self-custody wallets like Best Wallet have no access to the private keys or client-owned balances. This provides unparalleled control, with users transacting without limitations. For example, you can send, receive, and store cryptocurrencies without needing permission. 

Safety and security

We’ve established that the best crypto wallet in Dubai should offer self-custody storage. However, users should remember they’re responsible for keeping the wallet safe. This is a byproduct of self-custody ownership, as users are essentially their “own bank”, with nowhere to turn if the wallet is hacked or the private keys are misplaced. 

Therefore, choosing a crypto wallet with robust security features is crucial. At Best Wallet, access is only granted when providing the registered PIN or fingerprint ID. Two-factor authentication adds an extra layer of security. This is because an SMS code is required whenever the wallet app is opened. 

Supported cryptocurrencies

Supported cryptocurrencies should also be assessed when choosing the best Bitcoin wallet in Dubai. Wallets can only accept networks that they’ve pre-programmed to accept. For example, if you’re using a specialist Ethereum wallet, you won’t be able to store Dogecoin or BNB. This is why multi-asset wallets are the most convenient option. 

You won’t need to manage multiple wallets, making diversification both seamless and safe. At Best Wallet, over 60 popular network standards are supported, including Bitcoin, Ethereum, XRP, Litecoin, Dogecoin, Arbitrum, Polygon, and BNB. Custom tokens can be added manually if they’re not initially supported. This is required when stepping into brand-new tokens. 

Device type

You should also consider your preferred device type when choosing the best Dubai crypto wallet app. Some wallets are designed for desktop devices, with native software for Mac, Windows, and sometimes Linux. Browser extensions are another option, with most supporting popular providers like Chrome, Firefox, and Edge. 

However, many crypto enthusiasts find that mobile wallets offer the perfect balance between security and convenience. For example, the Best Wallet app for iOS and Android is secured by biometrics and two-factor authentication. A handy QR scanner ensures outgoing transfers are quick and error-free. Plus, mobile users can buy, sell, and trade cryptocurrencies on the move. 

This is particularly important to ensure you don’t miss any market opportunities. For instance, you might want to buy a new crypto token that’s trending. Needing to wait until you return to a desktop device could mean the opportunity is gone. With Best Wallet, you have unfettered access to millions of digital assets directly on your smartphone, 24 hours per day. 

Support for AED transactions 

The best Dubai Bitcoin wallet should support AED transactions. 

This means you can:

• Buy cryptocurrencies with AED
• Sell cryptocurrencies for AED

Best Wallet has partnered with many fiat gateways supporting AED purchases and sales. Common payment methods like debit/credit cards, PayPal, and Google/Apple Pay are available, making the AED-to-crypto transition convenient. 

Plus, Best Wallet automatically assigns users to the gateway offering the best exchange rate. This ensures cost-effective trading at all times. 

How to keep your crypto wallet safe

Self-custody wallets ensure complete autonomy of your crypto funds. However, keeping the wallet safe is also your responsibility. 

These best practices will ensure a safe wallet experience for Dubai users:

• Consider Using a VPN: Some crypto supporters keep their VPN switched on permanently when in Dubai. This enhances security and privacy, ensuring third parties can’t view or steal your data. 
• Switch on Two-Factor Authentication: At Best Wallet, two-factor authentication is an optional feature, as some users don’t want to share their mobile number. However, switching it on is highly recommended, as the extra security layer provided is invaluable.
• Storing Backup Passphrases Offline: The 12-word backup passphrase is used to recover wallet balances if the device is lost, or the private keys are misplaced. Keeping it offline is crucial, as it alleviates online hacking risks. Ensure it’s never shared with anyone either. 
• General Internet Safety: Wallet users should be very careful when accessing unknown websites or clicking suspicious links. Especially when using the same device that the wallet is installed on. Malicious connections can mean the wallet is hacked, so vigilance is crucial. 

In summary, the best crypto wallet in Dubai should ensure digital assets are secure and kept in a self-custody environment. At Best Wallet, users benefit from a safe and convenient experience, with support for millions of cryptocurrencies on 60+ network standards. 

Best Wallet users can also use AED, including Visa, MasterCard, and PayPal. The launchpad feature is also popular, offering access to new blockchain startups before they list on exchanges. 

References

1. Crypto’s biggest hacks and heists after $1.5 billion theft from Bybit (Reuters)
2. You could be leaving your crypto wallet open to hackers—here’s how to protect it (CNBC)
3. Self-custodial vs non-custodial wallets (Fireblocks)

Frequently asked questions