Selling Bitcoin Is Now An Instant Operation In Dubai

By Kevin • December 26, 2022 2:16 pm • Comments

Dubai is a city that has already established a reputation where it is known as one of the crypto centers in the world thanks to its pro-crypto regulations.

Recently, the city has announced that it has made selling Bitcoin an instant operation that the SBID now provides which makes the region even more attractive for crypto investors and tourists.

SBID basically provides crypto solutions in Dubai and giving the ability to everyone to convert Bitcoin to cash and vice versa has now made digital assets even more versatile in the city’s economy.

Trending: RippleX VP Eyes $16 TRILLION Market

As an “instant operation”, this basically means that the selling of Bitcoin can happen within just a few seconds and the process is accessible at any SBID office.

As a result, this allows for easy exchange for tourists from different regions all around the world which will likely encourage more crypto adoption.

Yahoo reports:

SBID enables locals and tourists to sell bitcoin at the office. Now tourists from different countries can easily sell BTC for cash in Dubai in different fiat currencies.

SBID enables visitors to exchange bitcoin in Dubai for AED (dirham), US Dollars, EURO, and other fiat currencies. As a result, Sell Bitcoin in Dubai becomes a popular place for people to visit.

Easy steps enable customers to sell bitcoin in Dubai fast and securely at SBID. SBID removes unnecessary barriers to selling BTC in Dubai and helps individuals to get the best crypto experience. Here are the streamlined steps to sell bitcoin in Dubai fast:

  1. Visit the shop – the office in the Business Bay, Exchange Tower
    2. Calculate – the amount of BTC customers want to sell
    3. Get cash – the AED or USD amount that customers will get

OTC shops like SBID are also likely going to continue to grow in the future if the demand for such services remains strong.

OTC shops is essentially a store that allows tourists and locals to exchange crypto to cash in person in a convenient way.

SBID already has many locations within the city and there may be the possibility that it will continue to expand in other areas within the UAE or the rest of the Middle East.

So far, the service supports major crypto assets like Bitcoin, Ethereum, and Tether, but also is willing to provide the same service for many other smaller cap crypto tokens.

Whether or not such services will pickup in other regions in the world outside of the UAE is still unknown, but the success of Dubai a few years down the road may help incentive other countries to do the same in the future.

LakeshoreAdvance concludes:

The world of cryptocurrency is rapidly expanding, and with it, so are the opportunities for investors to get involved.

Dubai is the latest to join the fray with the launch of Sell Bitcoin in Dubai crypto OTC shop, enabling investors to purchase and sell Bitcoin for cash seamlessly.

The OTC shop, known as the Sell Bitcoin in Dubai, is located in the heart of Dubai and provides a secure and reliable way for individuals to buy and sell bitcoin with ease.

The shop is run by a team of experienced and knowledgeable professionals who are well-versed in the complexities of the cryptocurrency world.

Join the conversation!

We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. If a comment is spam, instead of replying to it please click the icon below and to the right of that comment. Thank you for partnering with us to maintain fruitful conversation.

 

Search ProCoinNews