[Exchanges](https://revain.org/exchanges/) › BitOasis

# 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

## 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](https://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. [↗](https://bitoasis.net/en-ae/page/terms-of-service)
- The Dubai VARA licence covers broker-dealer services only, not exchange services. [↗](https://www.vara.ae/en/licenses-and-register/public-register/)
- Client crypto is held through BitGo's custody (BitGo Custody MENA FZE, BitGo Trust, BitGo Inc.) in cold and warm wallets. [↗](https://bitoasis.net/en-ae/page/terms-of-service)
- 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. [↗](https://www.cbb.gov.bh/licensing-directory/)
- Two products share one account: Lite (no commission, one price) and Pro (order book with maker-taker fees). [↗](https://bitoasis.net/en-ae/page/pro)

## 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)](https://www.vara.ae/en/licenses-and-register/public-register/) |
| Bahrain | BitOasis Bahrain W.L.L | Crypto-Asset Services - Category 2 licensee, established 29 May 2024 (CBB register) | [Central Bank of Bahrain (CBB)](https://www.cbb.gov.bh/licensing-directory/) |
| 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](https://bitoasis.net/en-ae/about-us) |
| 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)](https://web.archive.org/web/20240908010253/https://www.vara.ae/en/regulations/regulatory-notices/market-alert-3-bitoasis-technologies-fze-bitoasis/) |

## 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](https://bitoasis.net/en-ae/page/security), [blog.bitoasis.net](https://blog.bitoasis.net/), [bitoasis.net/en-ae/about-us](https://bitoasis.net/en-ae/about-us), [defillama.com/hacks](https://defillama.com/hacks), [hacked.slowmist.io/search](https://hacked.slowmist.io/search/), [vara.ae/en/regulations/regulatory-notices](https://www.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](https://bitoasis.net/)
- Fees: [bitoasis.net/en-ae/page/pro](https://bitoasis.net/en-ae/page/pro)
- Licences: [bitoasis.net/en-ae/about-us](https://bitoasis.net/en-ae/about-us)
- Terms of use: [bitoasis.net/en-ae/page/terms-of-service](https://bitoasis.net/en-ae/page/terms-of-service)
- Security: [bitoasis.net/en-ae/page/security](https://bitoasis.net/en-ae/page/security)
- Blog: [blog.bitoasis.net](https://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](https://www.vara.ae/en/licenses-and-register/public-register/)
- [Central Bank of Bahrain - Licensing Directory (Crypto-Asset Services Category 2)](https://www.cbb.gov.bh/licensing-directory/)
- [BitOasis - Homepage (UAE)](https://bitoasis.net/en-ae/home)
- [BitOasis - About us](https://bitoasis.net/en-ae/about-us)
- [BitOasis - Pro and fees](https://bitoasis.net/en-ae/page/pro)
- [BitOasis Technologies FZE - Terms and Conditions (July 2026)](https://bitoasis.net/en-ae/page/terms-of-service)
- [VARA - Market alert: BitOasis Technologies FZE (10 July 2023)](https://www.vara.ae/en/regulations/regulatory-notices/market-alert-bitoasis-technologies-fze-bitoasis/)
- [VARA - Market alert 2: BitOasis (10 July 2023), Wayback capture](https://web.archive.org/web/20240907232524/https://www.vara.ae/en/regulations/regulatory-notices/market-alert-2-bitoasis-technologies-fze-bitoasis/)
- [VARA - Market alert 3: BitOasis suspension lifted (12 April 2024), Wayback capture](https://web.archive.org/web/20240908010253/https://www.vara.ae/en/regulations/regulatory-notices/market-alert-3-bitoasis-technologies-fze-bitoasis/)

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Page updated: 2026-10-31

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Source: https://revain.org/exchanges/bitoasis/