Dubai ‘the city of future’ offering great cryptocurrency trading business opportunities for entrepreneurs. The blockchain technology approved by The Dubai Multi Commodities Center (DMCC) opening numerous crypto business platforms in major states of UAE. The license for investing in cryptocurrency business will be provided by DMCC Crypto Center who signed an agreement with SCA (Securities and Commodities Authority).
The free-zone in Dubai is presenting crypto trading assets that will be issued with approval from DEP (Dubai Economic Department). Major international brands such as Tesla, PayPal, and Microsoft start engaging with cryptocurrency prices and established off-shore branches in Dubai.
The most recognized cryptocurrency is Bitcoin. The key bitcoin figures recorded in 2020 are;
- One Bitcoin has a value of $5,500.
- Around 20 million bitcoins are supplied globally.
- Over 350 bitcoin assets were traded worldwide.
- In 2020, the total cryptocurrency market capitalization was over $154 billion.
- The benefits of investing in Bitcoin are higher than Ethereum and Tether.
READ: How to get a Cryptocurrency License in Dubai, UAE
Benefits of Investing in Cryptocurrency Business
The best feature of the cryptocurrency mining business is that not controlled by one sector. The e-transactions are visible and secured by blockchain technology. All the records can be exchanged by a peer-to-peer process and viewed publicly with no threat of data breach supported by Dubai advance security.
Cryptocurrency trading business created a major impact on the international market. Any brand signed to trade or exchanged cryptocurrency instantly gets global recognition with a high chance of competitor edge. Open gates to expand your business by allowing online customers to become part of your advanced bitcoin business.
The transactions are without boundaries, with no costly procedures. No extra dues for sending or receiving e-currency, real-time notifications about the ongoing cryptocurrency trading between two parties. Low-cost business setup and cheaper transactions compared to cred-cards.
Transactions through cash or credit-cards created abundant scamming incidents. The cryptocurrency exchange system is highly secured and provide a safe channel for online payments. In Dubai, cryptocurrency market among the best online business which shields online payment receipts and a high rate of customer satisfaction.
- Blockchain Wallet Technology
A decentralized cryptocurrency business technology that is growing designed to manage digital capitals with limited access to tangible transactions. Dubai is the major hub for blockchain technology which attracted several developed companies to invest in the cryptocurrency business and avail maximum advantage through a highly secured cyber network.
Blockchain Technology can be utilized for Bitcoin transactions and digital spreadsheets. Highly advance system to conclude complicated transactions and gives a full overview of cryptocurrency news and business activities in minimum duration.
The most important factor which encourages the trading community to start a cryptocurrency business is the protection of customers’ identity and digital ledger. The financial history will be guarded in cryptic vaults and no personnel data will be exposed. The risk of data leakage is negligible compared to credit card transactions.
The elimination of banks is the persuasive force of cryptocurrency that allows major business companies to invest in this e-business. The swift digital transactions and no barriers between the senders and receivers are the perfect elements of the cryptocurrency business.
The sole owner advantage is rarely observed in business activities. The cryptocurrency business has some major perks which include the authority of holding private and public company’s data in secured files. The liquidation process is less complicated and no external fines or paperwork is required to finalize your crypto business.
The cryptocurrency market network manages all documentation and data saving virtually which helps the business owners to main a stable system with negligible flaws.
READ: Cryptocurrency Business Trending in Dubai 2021
Risk of Cryptocurrency Investment
Before starting a crypto business, you must hire the best and experienced consultants in Dubai to assist your decision-making actions. Financial and choosing crypto-wallet risks are high in Dubai’s economic market but with proper guidance and a planned business model, you can start a safe business.
The cryptocurrency business account is linked with crypto-wallets, these e-wallets store sensitive information about the customers and business clients. This platform is hackers’ favorite spot to extract maximum bitcoins or digital ledgers and blackmail cryptocurrency business owners.
If you are using the best crypto-wallets and took precautionary measures then you are safe from the hands of digital robbers otherwise slightest mistake can result in exposing your major details online.
KWSME Cryptocurrency Consultants Dubai
We at KWS Middle East are the business setup consultants and help entrepreneurs like you to start a cryptocurrency business in Dubai.
- KWSME can create ease for the entrepreneurs who are planning to get a cryptocurrency license in Dubai.
- We have perfect knowledge about what is cryptocurrency? We offer hassle free Bitcoin license acquiring from departments such as Business Registration and Licensing (BRL), Dubai Department of Economic Development (DED), and Dubai Multi Commodities Centre (DMCC).
- We have professional English-Arabic translators who can help you find the best cryptocurrency to buy in 2021.
- We are a reliable business setup brand that encouraged many fresh entrepreneurs to make cryptocurrency investment in Dubai.
- Our services are cost-effective and provide reasonable packages to create a strong tie with our clients.
- We have an experienced business team who can contribute to making a remarkable E-currency business for you.
- KWSME team has enhanced knowledge of Business in Dubai.
- We are providing affordable services which include, sending/receiving documents, VISA, registration, and cryptocurrency mining business office in free zone areas of Dubai.
If you decide to start a cryptocurrency business in Dubai, then we can help you with everything you are looking for. Feel free to visit our website kwsme.com to gain more interesting facts about cryptocurrency bitcoin prices in Dubai, or contact us today for more information.