BitOasis | Buy, Sell and trade Bitcoin (BTC), Ether (ETH), XRP, Bitcoin Cash (BCH) and more securely and conveniently (2024)

FAQs

How safe is BitOasis? ›

With security at its core, BitOasis safely stores and transfers crypto without jeopardizing the efficiency of your trading operations. A majority of users' cryptocurrencies are held offline in cold storage, a solution that protects users' funds from malicious attacks.

Kraken. Kraken is one of the oldest and most well-established global crypto exchanges with industry-leading educational resources and security features. Kraken is one of the safest crypto exchanges for investors looking to trade 200+ cryptocurrencies.

Step 1: Click 'SELL' on the left of your BitOasis Pro dashboard. Step 2: Select the pair you wish from the drop-down menu on your left. ... On BitOasis Pro, you have the opportunity to engage in advanced trading strategies with a variety of order types, each designed to enhance your trading expe...

Kraken's professional-grade trading platform, Kraken Pro, is our pick for the best low-fee exchange because it charges some of the lowest fees in the crypto asset exchange landscape. It's also our top choice for experienced traders, as it offers advanced order types and supports margin and futures trading.

You can withdraw your AED/SAR balance to your personal bank account registered with BitOasis. Withdrawal to your bank account is only available in the United Arab Emirates, Saudi Arabia, Oman, Kuwait, and Bahrain. We support all banks in the UAE except for Arab bank.

Bitoasis, a broker-dealer services company started in 2016, has 750,000 registered users across 15 countries and $6 billion in total trading volume. It faced a setback in November 2023 when UAE regulator VARA suspended its licence citing non-compliance with regulations.

To withdraw funds to a bank account you will typically go to the wallet (on the exchange) that has the funds, sell the funds/convert them into fiat money, and will have a Withdraw option that will let you withdraw the funds to a bank account.

The crypto exchange platform said it will not onboard any “new clients until we have fully complied with VARA requirements”. The company does not expect the suspension of its MVP operational license to impact the company's ability to continue providing broker-dealer services to existing retail users.

The decision whether to cash out crypto or Bitcoin depends on your financial goals and market conditions. You may want to lock in gains, cut or harvest losses for taxes, or simply use your digital assets in the real world.

Can you cash out Bitcoin for real money in the USA? ›

‍A: Bitcoin ATMs allow you to sell Bitcoin in exchange for cash. You need to verify your identity, typically through a government-issued ID, phone number, and a picture. You then send Bitcoin to the ATM's wallet and receive cash equivalent. The transaction process can take around 10-20 minutes.

Dubai's digital assets regulator suspended BitOasis' conditional license and initiated enforcement action just three months after issuing one, saying the cryptocurrency exchange had failed to meet certain conditions.

Summary. Ledger is one of the most popular and reliable hardware wallets on the market. It offers the highest level of security, supports multiple cryptocurrencies, and has a user-friendly interface. However, Ledger is a relatively expensive wallet, and you need to connect it to a computer or smartphone for use.

In short, stay away from them. They withhold the truth (no license to operate), possibly have weak controls (asking to send bank statements on WhatsApp!!) they are not to be trusted.