BitOasis: licences, security, fees and reviews
Centralized exchange
In short
- Legal entity
- BitOasis Technologies FZE, Dubai Integrated Economic Zones Authority licence 1462, Dubai Silicon Oasis
- Fees
- Spot maker: 0.10% on Pro at all listed levels (as of 31 October 2026)
- Risks and caveats
- Crypto values are highly volatile and BitOasis does not guarantee them.
- Checked
- 31 October 2026
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Key facts
- Type
- Centralized exchange
- Exchange launched
- 2016
- Country of registration
- United Arab Emirates
- Operator
- BitOasis Technologies FZE (Dubai Silicon Oasis, UAE); BitOasis Bahrain W.L.L (Bahrain)
- Official site
- bitoasis.net
Key facts checked on 31 October 2026 against official sources and regulator registers.
What is BitOasis
BitOasis is a crypto broker and trading platform for the UAE and wider Gulf region, founded in 2016 and operated by BitOasis Technologies FZE in Dubai. It holds a VARA licence for broker-dealer services in Dubai and its Bahrain affiliate holds a CBB crypto-asset licence. It belongs to the DCX Group, the parent of CoinDCX.
Good to know
- BitOasis is wholly owned by BO Technologies Ltd (BVI), which is owned by DCX Global Limited (Mauritius), the holding company of the DCX Group. ↗
- The Dubai VARA licence covers broker-dealer services only, not exchange services. ↗
- Client crypto is held through BitGo's custody (BitGo Custody MENA FZE, BitGo Trust, BitGo Inc.) in cold and warm wallets. ↗
- Bahrain customers are served by a separate entity, BitOasis Bahrain W.L.L, listed by the Central Bank of Bahrain as a Category 2 crypto-asset licensee. ↗
- Two products share one account: Lite (no commission, one price) and Pro (order book with maker-taker fees). ↗
Services
| Parameter | Details |
|---|---|
| Spot trading | Lite app and Pro order book; 100+ cryptocurrencies and 200+ pairs on Pro. |
| OTC | OTC desk for block trades from USD 100,000 at one fixed price, settled T+0. |
| Fiat deposits | Local bank transfer or card in local currency (AED, SAR and others). |
| Custody / wallet | Custodial wallet via BitGo; hot, warm and cold wallets. |
Licences and registrations
| Jurisdiction | Entity | Licence / registration | Regulator |
|---|---|---|---|
| United Arab Emirates (Dubai) | BitOasis Technologies FZE | VASP licence VL/2024/11/001 for Broker-Dealer Services, issued 29 November 2024, status Active (VARA register) | Virtual Assets Regulatory Authority (VARA) |
| Bahrain | BitOasis Bahrain W.L.L | Crypto-Asset Services - Category 2 licensee, established 29 May 2024 (CBB register) | Central Bank of Bahrain (CBB) |
| United Arab Emirates | BitOasis Technologies FZE | Registered reporting entity on the UAE Financial Intelligence Unit goAML platform since September 2021 (company statement) | UAE Financial Intelligence Unit |
| United Arab Emirates (Dubai) - history | BitOasis Technologies FZE | Conditional MVP licence issued 12 April 2023; suspended and declared non-operational per VARA market alerts of 10 July 2023; suspension lifted 12 April 2024 (licensed activity: broker-dealer services). Superseded by the full VASP licence of 29 November 2024. | Virtual Assets Regulatory Authority (VARA) |
Security and audits
- ISO 27001 certified (company statement).
- Client crypto held with BitGo custody in segregated wallets, not co-mingled with company funds.
- Client fiat held in a licensed UAE bank account.
Security incidents
No security incident is recorded in the sources checked on 31 October 2026 (the company’s own channels and incident databases): bitoasis.net/en-ae/page/security, blog.bitoasis.net, bitoasis.net/en-ae/about-us, defillama.com/hacks, hacked.slowmist.io/search, vara.ae/en/regulations/regulatory-notices
Fees
| Parameter | Details |
|---|---|
| Spot maker | 0.10% on Pro at all listed levels (as of 31 October 2026) |
| Spot taker | 0.18% on Pro at the Standard level, down to 0.13% at VIP 3; Lite has no commission (as of 31 October 2026) |
Who can use it
- Verification: Sign-up with email and phone, then verification with Emirates ID or passport and a selfie.
- Not available to US residents or anyone accessing from the US, or to residents of sanctioned or restricted countries such as Cuba, Iran, North Korea, Sudan, Syria and Yemen.
History
| Date | Event |
|---|---|
| 2016 | BitOasis is founded. |
| September 2021 | Registers as a reporting entity on the UAE FIU goAML platform. |
| 28 March 2022 | Receives operational approval from VARA. |
| 12 April 2023 | VARA issues BitOasis a conditional MVP licence for institutional and qualified retail investors, operational only once key conditions are met within 30-60 days (BitOasis's About page gives 27 April 2023 for the MVP operational licence). |
| 10 July 2023 | VARA suspends BitOasis's MVP licence and declares it non-operational for not meeting mandated conditions; BitOasis may only wind down positions and process withdrawals. |
| 21 August 2023 | VARA permits BitOasis to recommence permitted operations for existing clients. |
| 12 April 2024 | VARA lifts the suspension; BitOasis may again serve existing and new customers (broker-dealer services). |
| 29 May 2024 | BitOasis Bahrain W.L.L established; listed as a CBB Category 2 crypto-asset licensee. |
| 29 November 2024 | Full VARA VASP licence VL/2024/11/001 for broker-dealer services (register date; BitOasis gives 9 December 2024). |
Risks and caveats
- Crypto values are highly volatile and BitOasis does not guarantee them.
- Custodial service: client crypto sits with BitOasis's custodian BitGo.
- The Dubai licence covers broker-dealer services; disputes go to DIAC arbitration in Dubai.
- Regulatory record: VARA suspended BitOasis's MVP licence in July 2023 for unmet licence conditions and lifted the suspension in April 2024.
About the company
- Legal entity
- BitOasis Technologies FZE, Dubai Integrated Economic Zones Authority licence 1462, Dubai Silicon Oasis
- Founded
- 2016
- Parent company
- BO Technologies Ltd (BVI), owned by DCX Global Limited (Mauritius), holding company of the DCX Group (CoinDCX)
- Headquarters
- DSO-DDP, A4, 304-308, Dubai Silicon Oasis, Dubai
Official links
- Website: bitoasis.net
- Fees: bitoasis.net/en-ae/page/pro
- Licences: bitoasis.net/en-ae/about-us
- Terms of use: bitoasis.net/en-ae/page/terms-of-service
- Security: bitoasis.net/en-ae/page/security
- Blog: blog.bitoasis.net
Questions and answers
Is BitOasis regulated?
Yes. VARA's register lists BitOasis Technologies FZE with an active VASP licence (VL/2024/11/001) for broker-dealer services, and the CBB register lists BitOasis Bahrain W.L.L as a Category 2 crypto-asset licensee.
Who owns BitOasis?
BitOasis is wholly owned by BO Technologies Ltd, which is owned by DCX Global Limited, the holding company of the DCX Group (CoinDCX).
What are BitOasis's fees?
As of 31 October 2026 Pro charges 0.10% maker and 0.18% taker at the Standard level, falling to 0.13% taker at VIP 3; Lite has no commission.
Is BitOasis available in the US?
No. The Terms prohibit US residents and anyone accessing from the US.
Sources
- VARA - Public Register
- Central Bank of Bahrain - Licensing Directory (Crypto-Asset Services Category 2)
- BitOasis - Homepage (UAE)
- BitOasis - About us
- BitOasis - Pro and fees
- BitOasis Technologies FZE - Terms and Conditions (July 2026)
- VARA - Market alert: BitOasis Technologies FZE (10 July 2023)
- VARA - Market alert 2: BitOasis (10 July 2023), Wayback capture
- VARA - Market alert 3: BitOasis suspension lifted (12 April 2024), Wayback capture
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