Pros
Cons
Quick Summary
| Headquarters Location | Dubai, UAE |
|---|---|
| Fiat Currencies Supported | AED, SAR, BHD, KWD, OMR, QAR, JOD, EGP, LBP, TND, DZD, MAD, IQD, and LYD |
| Total Supported Cryptocurrencies | 64+ |
| Trading Fees | 0.10% - 0.18% |
| Deposit Methods | Bank Transfer, Debit Card, Credit Card, Cryptocurrency, Apple Pay, Bolt |
| Support | Facebook, Twitter, Instagram, Live Chat, Help Center Articles, Support Ticket |
| Mobile App | Yes - iOS, Android |
BitOasis stands as a prominent cryptocurrency exchange, with its foundation firmly placed in the dynamic market of digital currencies. Established with the vision to cater to the needs of crypto traders and investors, BitOasis operates with a user-centric approach, providing a platform for both novice and advanced participants in the realm of digital finance.
BitOasis has emerged as a steadfast beacon in the cryptocurrency arena, particularly within the Middle Eastern markets, offering an esteemed gateway to digital currencies. As the platform continues to evolve, it maintains a focus on creating a diverse and robust environment for users to interact with digital finance.
The exchange consistently refines its operational strategies to anticipate and adapt to the mercurial nature of the crypto world, ensuring that it remains at the forefront of innovation and user satisfaction.
About BitOasis
Founded in 2015, BitOasis has earned its reputation as a pioneering exchange in the Middle Eastern market. The company’s journey began with an intent to provide a secure and accessible platform for buying, selling, and storing digital assets.
Over the years, BitOasis has expanded its reach, continuously adapting to the evolving landscape of cryptocurrency trading.
Since its inception, BitOasis has navigated through turbulent market trends, firmly establishing itself amidst the shifting sands of industry developments. The exchange has witnessed significant milestones, including the rapid expansion of digital currencies and the diversification of crypto assets offered to its clientele.
This growth trajectory mirrors the broader adoption of cryptocurrencies as viable financial products in the region, reflecting the changing attitudes of individuals and financial institutions towards digital finance.
BitOasis has a number of active social profiles including Facebook, Twitter, Instagram, LinkedIn, Reddit, Telegram, TikTok and YouTube.
BitOasis has a mobile app on both the Apple App Store and Google Play.
BitOasis Supported Cryptocurrencies
BitOasis supports trading on over 64 cryptocurrencies on their platform. This exchange currently supports 20 of the top 30 market cap cryptocurrencies.
Download full list of cryptocurrencies BitOasis supports
Trading Experience
The trading experience on BitOasis is tailored to support both newcomers and advanced traders. With an intuitive user interface and sophisticated trading tools, the platform facilitates a seamless trading process.
BitOasis Pro further enhances this experience by offering more in-depth analysis and trading options.
Navigating the BitOasis trading environment is a journey through a landscape designed for clarity and efficiency. Traders, both novice and seasoned, are presented with advanced trading features, including a suite of sophisticated trading tools on the BitOasis Pro platform.
These tools are complemented by an array of market alert options and trading pairs, allowing users to engage with the exchange in a manner that aligns with their individual trading philosophies and market predictions.
BitOasis Fees
The fee structure at BitOasis is designed to accommodate a diverse clientele, from casual traders to seasoned investors. Without delving into specific figures, the platform implements a tiered approach, wherein fees are influenced by factors such as trading volume and market activity.
This allows for a flexible and competitive trading environment.
The pricing model adopted by BitOasis is crafted with an astute awareness of market dynamics, steering away from a one-size-fits-all philosophy. The exchange’s fee structure is responsive to the intricate dance of market supply and demand, ensuring that both casual enthusiasts and advanced investors find the terms conducive to their trading strategies.
By not imposing a rigid fee schedule, BitOasis fosters an environment where trade volumes and market activity are organically incentivized.
| Type | Fee |
|---|---|
| Deposit Fee (Bank Transfer) | 0% |
| Deposit Fee (Credit/Debit Card) | 3.99% |
| Trading Fee | 0.10% - 0.18% |
| Withdrawal Fee (Bank Transfer) | 10 AED - 65 AED |
BitOasis supports a range of different cryptocurrencies with varying withdrawal fees. When looking at Bitcoin, their withdrawal fee is 0.0005 BTC. The average across all other exchanges that we've reviewed is 0.000296 BTC. This means BitOasis charges above the industry average by 68.95%. This is worth noting because it likely means they are also charging higher fees and spreads across all cryptocurrencies on their platform.
BitOasis has a maker/taker fee schedule which you can see below.
| 30-Day Volume | Maker Fee | Taker Fee |
|---|---|---|
| >= 0 AED |
0.10 %
|
0.18 %
|
| >= 50K AED |
0.10 %
|
0.16 %
|
| >= 200K AED |
0.10 %
|
0.14 %
|
| >= 500K AED |
0.10 %
|
0.135 %
|
| >= 1M AED |
0.10 %
|
0.13 %
|
| >= 2M AED |
0.10 %
|
0.125 %
|
| >= 3M AED |
0.09 %
|
0.12 %
|
| >= 10M AED |
0.07 %
|
0.11 %
|
| >= 20M AED |
0.055 %
|
0.10 %
|
Security - Is BitOasis Safe?
Security remains a cornerstone of BitOasis’s operations. The exchange is committed to compliance with regional regulations and has secured a provisional license from the Abu Dhabi Global Market.
Strengthened by robust supervisory controls, BitOasis aims to meet international standards, ensuring a regulated platform for its customers.
Securing the trust of customers is paramount for BitOasis, which is why the exchange places a heavy emphasis on implementing cutting-edge security measures. In addition to compliance with the Virtual Assets Regulatory Authority and adherence to international standards, BitOasis employs sophisticated mechanisms such as Two-factor authentication and the use of cold wallets to safeguard digital assets.
By employing these stringent security protocols, BitOasis reassures its users that their digital finance dealings are protected against both internal and external threats.
BitOasis Customer Support
BitOasis places a strong emphasis on customer support, striving to address any queries or issues customers may encounter. With a dedicated customer support team accessible via email and chat, users can expect timely and helpful assistance.
Recognizing the importance of addressing customer needs with precision and speed, BitOasis bolsters its user experience with a robust customer support network. The exchange ensures that assistance is readily available through various channels such as direct email and chat facilities, enabling users to resolve their issues with minimal delay.
An exceptional customer service ethos permeates the operations of BitOasis, affirming the exchange’s commitment to maintaining its standing through attentive and responsive support.
BitOasis Support Channels
How to Sign Up on BitOasis
- Create Account - Visit the BitOasis website and fill out the create account form. You'll need to include a valid email, set your password and type in other details like your phone number and name.
- Verify Account - Confirm your email, you should get an email asking you to verify your account creation.
- Transferring Funds - Once your account has been verified, you'll be able to deposit using the deposit methods listed below.
- Start Trading Crypto - That's it! You should now have everything in place to start trading.
Deposit Methods
BitOasis Alternatives
Binance
Total Supported Cryptocurrencies
399+
Trading Fees
0.10%
Fiat Currencies Supported
USD, GBP, CAD, EUR, NZD + 75 others
Kraken
Total Supported Cryptocurrencies
302+
Trading Fees
0.08% - 0.40%
Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR + 1 other
OKX
Total Supported Cryptocurrencies
323+
Trading Fees
-0.005% - 0.10%
Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR, NZD + 85 others
Final Thoughts
In conclusion, BitOasis is a crypto exchange that has matured alongside the digital currency market. With its dedication to accessibility and innovation, it offers a compelling choice for those interested in engaging with cryptocurrencies.
As the cryptocurrency landscape continues to mature, the role of exchanges in shaping the fabric of digital finance cannot be overstated. Exchanges like BitOasis are integral in facilitating the transition towards a digital economy, providing both a platform for innovation and a benchmark for regulatory compliance within the industry.
The exchange’s trajectory points towards a future where digital assets become increasingly embedded in everyday transactions, reshaping the concept of currency and investment across regional and global markets.
BitOasis FAQs
Trust in a cryptocurrency exchange often depends on its security measures, regulatory compliance, and user reviews. BitOasis is known as a Middle Eastern cryptocurrency exchange that has been operating since 2015.
If you’re considering using their services, it’s recommended to research their security protocols, compliance with local financial regulations, and look for any recent reviews or news that might inform the trustworthiness of the platform.
BitOasis offers various methods to fund accounts on its platform. As with any financial transaction, the safety can be assessed based on the platform’s use of secure transaction processes and adherence to financial regulations.
Prospective users should look into BitOasis’s specific funding methods and their security measures to determine the safety of funding their accounts.
BitOasis was founded by Ola Doudin. It’s important to consider that ownership can evolve, so for the most current information, one may need to check the latest corporate disclosures or official announcements from BitOasis.
Generally, the source of funds for a cryptocurrency exchange like BitOasis comes from its customers who deposit fiat currency or cryptocurrencies to trade. Additionally, they may have private investors or venture capital backing, but specific details about the sources of their funds are typically proprietary information.
Yes, you can generally transfer cryptocurrency to BitOasis. The exchange typically allows users to deposit various cryptocurrencies into their BitOasis wallet to engage in trading or to hold.
Yes, if you have Bitcoin in your BitOasis wallet, you can send it to other wallets outside of the BitOasis platform, following their withdrawal procedures.
Without a specific context or recent news, it’s hard to say what has happened to BitOasis. For the latest updates or events regarding BitOasis, one should check the latest news releases, official announcements from the company, or updates on their website and social media channels.
The ranking of BitOasis among other cryptocurrency exchanges can vary based on the criteria used, such as trading volume, user reviews, or security features. To find the current ranking of BitOasis, one would need to refer to updated exchange rankings from reputable financial or cryptocurrency market analysis websites.
BitOasis User Reviews
2.0 out of 5.0
1 reviews
Showing 1 of 1 Review
Crypto User (UAE) 9 months ago
Extremly lengthy process
I opted for BitOasis as I thought it would be easier to transfer from UAE accounts. In Summary: The verification process took well over 2 weeks while with most exchanges it takes 2 days at most. It is only when I had started the account cancellation process that the verification suddenly got 'approved'. The other issue is wired transfer: it seems there is a glitch in their process - even with a 'linked' UAE bank account the transfer doesn't work smoothly and stay in 'pending' status for many days (in my case over 5 days) without informing you about anything gone wrong or any steps to be taken .. the only option is to cancel and redo and wait again. I also have a very mixed impression about their customer care ('chat'): from my experience, 1 out of 3 is helpful or has helped to solve issues.. I have wasted a significant amount of time trying to solve the above issues. Overall this company seems to still be operating in startup mode. Processes need to be improved iMO to gain customers' trust.
Methodology
At Crypto Head we use a rigorous research and rating process to assess each platform. Our star rating system is out of 5 stars and is designed to condense a large amount of information into an easy-to-understand format. You can read our full methodology and rating system for more details.
About The Authors
James Page, previously the lead writer at Crypto Head and a registered psychologist, brings a unique perspective to the world of blockchain and cryptocurrency.
His extensive experience in the industry and ability to present complex concepts in an understandable manner make his articles a valuable resource for readers seeking to navigate the ever-evolving crypto landscape.
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Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.
His extensive experience and features in top-tier publications like Forbes and CNN underscore his deep understanding of the crypto world and its future potential.
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