How to buy an NFT in the UAE, step-by-step

How to buy an NFT in the UAE, step-by-step

We've been talking a lot about NFTs in the last few weeks. In fact, everyone's been talking a lot about NFTs in the last few weeks. Even if we have some idea what they are now – digital assets that can be purchased using cryptocurrency and whose ownership and transfer can be verified on the blockchain – actually buying them remains a rather opaque and slightly clumsy process.

We have been experimenting with the process over the last few weeks and have come up with one route to NFT ownership that worked for us when purchasing from the Open Sea NFT store. It's certainly not the only way, and more sophisticated NFT or crypto experts will no doubt suggest better ways, but this is a method that seems designed for first-timers based in the UAE.

1. Set up an account with a cryptocurrency exchange

For UAE residents without a US or European bank account, the easiest option to is to start with BitOasis, which is based in Dubai and accepts credit-card payments in AED.

First, visit the site here, then create a profile with your name, e-mail address and a password. You'll then be directed to an account set-up page, which will guide you