BitOasis
BitOasis
Data verified on unchanged since the sources
Worth it if you live in the MENA region or the UAE and want a VARA-Dubai-regulated spot exchange, with over 1 million users across the region.
Avoid it if you are in Italy, the EU or the US: BitOasis operates only in the MENA region and is unavailable elsewhere.
A custodial exchange regulated by VARA in the UAE, with over 1M users across MENA and a role as an India-MENA bridge via CoinDCX. Integration with CoinDCX following the acquisition is still underway, leaving some uncertainty.
Data & conditions
| Maker / Taker fee | 0.4% / 0.4% |
|---|---|
| Markets | Spot |
| Max leverage | 1× |
| Supported assets | 80+ |
| Trading pairs | 84+ |
| Fiat on-ramp | Yes |
| Deposit methods | Bonifico bancario / Wire transfer (AED), Easy Funding (link conto bancario UAE, AED, zero fee), Carta di credito/debito VISA e MasterCard, Apple Pay |
| Geo restrictions | Non disponibile fuori dalla regione MENA (no UE, no USA, no Italia) |
| Fund custody | Custodial (platform holds funds) |
| KYC | Full |
| Supported countries | MENA · 5+ countries |
| Regulator | VARA (Dubai) |
| OAM Italy registration | No |
| Segment | B2C |
| MiCA / License status | VARA Dubai + ADGM VARA (UAE) |
Strengths
- VARA UAE; 1M+ users MENA; ponte India-MENA via CoinDCX.
- No notable sovereignty advantage documented.
Weaknesses
- integration CoinDCX in corso; incertezza post-acquisition.
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
- Subject to regulation (VARA (UAE)): reporting to authorities and freezes on order.
- Geographic restrictions (Non disponibile fuori dalla regione MENA (no UE, no USA, no Italia)).
Verdict
VARA licensing in Dubai and a base of over a million MENA users give a solid foundation of consumer protection, which is why the score sits in the upper B range. What holds it back is the flat 0.4% maker and taker fee, hardly competitive, and above all the still-ongoing CoinDCX integration after the acquisition: until that transition closes, the operational uncertainty weighs on anyone looking for stability.
Through this lens BitOasis has little to offer: it is entirely custodial, with mandatory full KYC and no on-chain or trustless element. The VARA regulation that is its strength on the protection side becomes its opposite here, a marker of surveillance and centralized control over funds. For anyone seeking autonomy and censorship resistance, it is not the right tool.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
Reputation
What happened to people who used BitOasis, and what users say. External signals: they do not feed the promp.it rating.
Incidents & regulatory actions
History not verifiedWe have not yet completed the incident search for this service: no entries here does not mean no events.
Public reviews
-
App Store ↗
4.5/5
4,499 reviews
'BitOasis: Buy Bitcoin & Crypto' app (id 1521661794), Apple UAE (AE) storefront. Exact average 4.459 and count from itunes lookup.
-
Trustpilot ↗
2.2/5
455 reviews
TrustScore 2.2 across 455 reviews, predominantly negative; recurring complaints about withdrawals blocked for compliance checks and slow support. Re-verified by the orchestrator via browser.
Weighted average across 2 public review platforms (4,954 reviews in total), weighted by volume. This is not our rating: it is those platforms’ average.
FAQ
What are BitOasis's fees?
On BitOasis, spot fees are maker 0.4% / taker 0.4%. They drop with monthly volume and VIP tier.
Is BitOasis regulated in Europe?
Regulatory status of BitOasis: VARA (UAE). Licence: VARA Dubai + ADGM (AE).
Does BitOasis publish Proof of Reserves?
Proof of Reserves publication is not documented for BitOasis. No third-party reserve audit is documented. Reserve transparency is a critical factor after the FTX collapse.
Can I send transfers to third-party IBANs from BitOasis?
No, BitOasis is an exchange and does not allow transfers to third-party IBANs: fiat withdrawals return to a bank account in your own name.
Does BitOasis support derivatives and futures?
BitOasis does not offer derivatives: it focuses on spot trading.
Sources
- Official service page Maker/taker fees · Regulatory framework · Derivatives Data verified on Jun 13, 2026
- business-standard.com Data verified on Jun 15, 2026
- entrackr.com Company type · Stock ticker · Stock listing · IPO date Data verified on Jun 15, 2026
- khaleejtimes.com Latest funding round Data verified on Jun 15, 2026
Show 11 more sources
- support.bitoasis.net Deposit methods · Geo restrictions Data verified on Jun 15, 2026
- thefintechtimes.com Data verified on Jun 15, 2026
- vara.ae OAM Italy registry · Legal name · Corporate site Data verified on Jun 15, 2026
- wamda.com Investors Data verified on Jun 15, 2026
- yeswehack.com Bug bounty Data verified on Jun 15, 2026
- fintechnews.ae Founders · Geographic availability Data verified on Jun 13, 2026
- menabytes.com Past incidents Data verified on Jun 13, 2026
- mondovisione.com Volume data Data verified on Jun 13, 2026
- preqin.com Trading pairs Data verified on Jun 13, 2026
- tekrevol.com Max leverage Data verified on Jun 13, 2026
- trustpilot.com Trustpilot reviews Data verified on Jun 13, 2026