VARA-licensed Broker-Dealer

Money in your bank, the day you trade.

Sell USDT for AED or USD, or buy it with an AED or USD wire.

Verify your identity once in the client portal. After your account is approved, AED settles the same business day by UAEFTS; USD goes by SWIFT in 2 to 5 business days.

Open client portal Request a quote

New to the desk? Create account

Settlement to your own whitelisted account
Named dealer on every trade

What you would receive, and when

Direction

Ticket size USDT

Settle in

Your tier: —
Indicative spread: —
Your rate, per USDT: —
You would receive: —
Funds reach you: Same business day, by UAEFTS

Indicative only. Your firm price comes from the quote request, not from this page.

Submit a request in the portal

Reference mid, USDT —

AED —

USD —

Indicative mid from the venues we hedge on. Your firm price comes from the quote, not from this line.

Dealing since: —
Settled to date: —
Average ticket: —
Largest single trade: —

Figures cover settled client business and are updated quarterly.

Why a desk and not an exchange

An exchange is the right answer for a small ticket. These are the things that stop being true as the size grows.

The screen price is only for the top of the book

On 22 September 2026 the three venues quoting USDT against dirhams held 10.6 million USDT on the ask side between them. A five million ticket walks through most of that and fills around 20 bp worse than the number on the screen. We name one price for the whole size before you send anything.

Your rate is fixed before the money moves

Funding an exchange by wire means the money lands first and you trade days later at whatever the book gives you. Here the rate is agreed in writing and the days in transit do not change it.

One transfer, not a week of them

Exchange fiat rails cap what you can move in a day, so a large ticket turns into a series of transfers, each one a fresh question from your bank. A desk takes the whole amount in one wire.

The bank sees a licensed counterparty

A wire to or from a VARA-licensed broker-dealer, with a contract note behind it, reads differently in compliance and in your own accounts than a transfer to a trading platform.

Nothing sits on a platform

Bank to desk to your own wallet, or the reverse. There is no balance to withdraw, no withdrawal queue and no platform to be exposed to while the trade settles.

Compliance happens before the money moves

Identity and source of funds are settled once, at onboarding. The alternative is finding out about a problem after a seven-figure transfer is already in motion.

Below about 250,000 an exchange is usually cheaper and simpler, and we will say so. The desk starts to win where the order book and the transfer limits start to get in the way.

The order-book measurements behind these figures are published as an open dataset, with the script that reproduces them: data page · doi:10.5281/zenodo.22912475

Pricing improves with size

Indicative bands. Your firm price comes from the quote, and larger tickets price inside these. Cost is shown on the smallest ticket in each band.

Selling USDT

—

Buying USDT

Ticket size: Spread; Cost at this size
From 100,000 USDT: 0.40%; USD 400
From 500,000 USDT: 0.25%; USD 1,250
From 2,000,000 USDT: 0.20%; USD 4,000
From 10,000,000 USDT: 0.15%; USD 15,000

Ticket size in USDT, whichever currency you send. Above 10 million the dealer prices against the liquidity of the day, so ask rather than read it off a table.

Full pricing page: what the spread includes, minimums and settlement timing

Buying prices the same as selling up to 500,000 and a little wider above it, because the desk has to source the coin.

How we price your quote

Our regulator requires us to publish this. We would rather it were a selling point than a footnote.

Reference price

We take a mid price from the venues where we actually hedge, not from a single screen. For AED we apply the central bank peg of 3.6725 to the USD leg.

Size and hedge cost

The spread widens with what it costs us to hedge your size in the prevailing book, and narrows as size grows relative to that cost. This is why large tickets price better, not as a courtesy.

One all-in number

The quote you accept is the amount that reaches your account. No separate commission, no deduction at settlement, no rate revision after acceptance.

Where our liquidity comes from

We are required to name any venue or counterparty that receives twenty percent or more of client order flow. The current list is published on our disclosures page and updated when it changes.

How it works in the portal

Four steps from a new account to money in your bank, in the order the portal shows them. The desk sees the same screens you do.

Step 1
Create an account and verify your identity once

Register with your email, then complete identity verification: passport or Emirates ID, a selfie holding the same document, and a source-of-funds document for requests from 500,000 USDT. The desk reviews it within one business day and keeps it on file for later requests.

What you see
Identity verification in four steps with a progress rail and autosave. After submission, “What happens now” and an email with the decision.
Step 2
Submit a sell request

USDT or USDC on TRC-20 or ERC-20, the amount, where the funds come from — the wallet or exchange account you will send from — and the payout: AED or USD to a bank account in your own name.

What you see
A request form with a live calculation card: spread band and indicative AED or USD. On submit, your request number and the next steps. The desk reviews the request around the clock.
Step 3
Send to your personal deposit address

Once the request is approved, the portal shows your personal deposit address: one per network, permanent, with a 24-hour deposit window. The page watches the chain and updates itself — 19 confirmations on Tron, 12 on Ethereum.

What you see
Deposit instructions: the exact amount, the address with a QR code and a copy button, the deadline, received so far and confirmations. The timeline reads “Awaiting your deposit” until the chain confirms.
Step 4
Quote, then bank transfer

When the deposit confirms, a dealer quotes a firm price — within the hour, 24/7 — and an email goes out with it. The quote you accept is the amount that reaches your bank account, in your own name: AED by UAEFTS the same business day, USD by SWIFT in 2–5 business days.

What you see
Each status change appears in the timeline with its time, and the overview tracker moves to “Settled”. You get an email at every step.

Documents the desk asks for

Individuals

Passport, and Emirates ID if resident
Proof of address issued within 90 days
Source of funds, with supporting documents

Companies

Trade licence and Articles of Association
Ultimate beneficial owner register
Board or shareholder authority to trade

Approved within one business day in most cases

We verify identity and beneficial ownership before we execute, and we obtain originator and beneficiary information on transfers above AED 3,500. Both are legal requirements on us, not internal policy, and a desk that offers to skip them is telling you something about itself.

Create account Registration takes a few minutes. Identity verification is reviewed within one business day.

Buying USDT with a bank wire

The same desk, the other way round. You send dirhams or dollars from an account in your own name, and the USDT goes to your own wallet. We take AED and USD on this leg, no other currency.

Step 1
Ask for a quote

Tell the desk the amount and whether you are sending dirhams or dollars. A dealer replies with a firm rate and how long it holds. Account approval is the same one-off identity check as for a sale.
Step 2
Send the wire from your own account

The dealer sends the bank details and the reference to quote on the payment. The sending account must be in your own name: we cannot accept a third-party payment, and a mismatched name is returned by the bank.
Step 3
We confirm the funds

Your transfer reaches us through a correspondent bank, dirhams and dollars alike, so allow 2 to 5 business days from the day you send it. Because USDT tracks the dollar and the dirham is pegged to it, the time in transit does not move your rate.
Step 4
USDT to your whitelisted wallet

You give the receiving address once and the desk whitelists it. We send on the network you choose and give you the transaction hash. A small test transfer first is normal practice and costs you nothing extra.

The desk never publishes bank details on this page. You receive them from a named dealer after your account is approved, and they are the only ones we use.

Settlement rails, with their real limits

Speed depends entirely on the rail, and the fastest rail has the lowest ceiling. Any desk that says only “instant” is not telling you which one they mean.

From request to funds: the timeline

Every figure below is one we already publish elsewhere on this page — a quote within the hour, approval within a business day, settlement the same business day. Speed you can put a date on, not the word “instant”.

From request to funds: the timeline
Step	How long
Firm quote from a dealer	Within the hour, 24/7
Account approval	One business day, in most cases
Settlement in AED	Same business day, by UAEFTS
Settlement in USD	2 to 5 business days, by SWIFT

All timings assume complete documents. The desk is online 24/7; bank settlement follows banking days.

By rail

Settlement rails, with their real limits
Rail	Speed	Ceiling	Used for
UAEFTS bank wire (AED)	Same business day	No practical ceiling	The rail for large AED
SWIFT wire (USD)	2 to 5 business days	No practical ceiling	Cross-border USD
Aani instant payments	Seconds, 24/7	AED 50,000 per transfer	Small residual balances only
Push to card (USD)	Minutes	Network and issuer limits apply	Small tickets only — see note

We offer card payout, but not for size. Card networks charge one to five percent and impose per-transaction and daily caps, so pushing a seven-figure settlement to a card costs you far more than a wire and raises questions we would then have to ask you. For anything at our minimum ticket or above, bank wire is the correct instrument.

You choose AED or USD payout when you submit your request in the portal; the account must be in your own name.

Open client portal

What the portal never asks

If any message in our name asks for one of these, it is not from us.

Your seed phrase or private keys

No one at the desk needs them, and no screen in the portal has a field for them.
A transfer to any other address

Deposit instructions appear only inside the portal, on your request page, and in emails from iwgt.ae. An address sent by chat or phone is not ours.
Payout to anyone but you

Fiat settles to a bank account in your own name. We do not pay third parties, and we will decline a request to.

Operated by OFZA Fintech Virtual Asset Exchange Services LLC, VARA licence VL/24/12/002. Office 21C13, i-Rise Tower, Al Barsha Heights, Dubai, UAE.

If in doubt, write to the desk before you send anything.

Open our entry in the VARA register

Who moves first, and where your money sits

Whitelisted account only

Fiat settles to an account in your own name that you registered during onboarding. We do not pay third parties, and we will decline a request to.

Segregated client account

Client money is held in a designated Client Account at a third-party bank outside our group. It is not ours, and it does not form part of our estate if we fail.

What that protection is not

Segregation is not deposit insurance. Neither client money nor virtual assets held with us benefit from any form of deposit protection scheme. We would rather you knew that from us.

Licence and disclosures

Do not take our word for any of this. Every item below is verifiable in the regulator’s own public register.

Legal entity: —
VARA licence number: —
Licensed activities: Exchange Services, Broker-Dealer Services, Management and Investment Services
Permitted clients: Institutional, Qualified and Retail Investors
Licence issued: —
Responsible Individuals: —
CMA registration: —
Incorporated: —
LEI: —
Registered office: —

Who holds the money, and who checks the books

Client money held at: —
Account type: —
Statutory auditor: —
Last audited period: —

Open our entry in the VARA register Check the LEI in GLEIF Verify in the VARA public register

A private office in Dubai is a condition of our licence category, not a marketing choice.

Risk disclosure

Virtual assets may lose their value in full or in part and are subject to extreme volatility.
You can lose all of the money or other value you commit, and you do not benefit from any form of financial protection.
Virtual assets may not always be transferable, and some transfers are irreversible. They may not be liquid.
Some transactions are not private and may be recorded on public distributed ledgers. Virtual assets may be subject to fraud, manipulation and theft, including hacks.

This page is promotional. It describes an execution service and is not an invitation to buy or sell any virtual asset.

The people you will be dealing with

Your account is assigned to one dealer. They hold the quote, they run the settlement, and they answer in writing on the channel you choose.

Dealers are named on your trade confirmation. Responsible Individuals are listed in the regulator’s register under the licence below.

Common questions, answered plainly

Is selling USDT in Dubai legal?

Yes — when the counterparty is licensed. We are a VARA-licensed Broker-Dealer, and our entry sits in the regulator’s public register, linked below. A desk that cannot point you to a register entry has answered the question for you.

How fast is settlement?

Once your account is approved — itself a one-business-day process — an AED settlement goes out by UAEFTS the same business day you trade. USD goes by SWIFT and takes 2 to 5 business days.

What does it cost?

One all-in spread, 0.08% to 0.40% depending on size — the bands are published on this page. The quote you accept is the amount that reaches your account; nothing is deducted afterwards.

Why is the USDT/AED rate always near 3.67?

The dirham has been pegged to the US dollar at 3.6725 since 1997, and USDT is designed to track the dollar. What differs between providers is not the rate but the spread — ours is published above.

What do I need to start?

Individuals: a passport and proof of address. Companies: the trade licence and ownership documents. Approval takes one business day in most cases — the full list is in the onboarding section.

Do you sell USDT as well as buy it?

Both. You can send USDT and take AED or USD to your bank account, or send dirhams or dollars and take USDT to your own wallet. Up to 500,000 the spread is the same either way; above that buying is a little wider, because the desk has to source the coin. Both legs settle in your own name.

Is there a maximum size?

No practical ceiling by bank wire. Most of our flow starts around 100,000 USDT, and the largest single trade to date is in the figures at the top of this page.

Guides from the dealing desk

How a sale is priced, settled and documented in the UAE — written by the Head of Dealing, reviewed by a Senior Dealer, with sources.

Latest

By topic

Selling and cashing out How OTC desks work Regulation and safety Rates and stablecoins Bank settlement rails Use cases Glossary All guides

Reach the desk

We deal in writing. Every instruction, quote and confirmation stays on the record — yours and ours — which is what you want when the ticket is large.

Email — Telegram —

Office: —
Dealing hours: 24/7

Arabic-speaking dealers available

Requests, deposit instructions and settlement now run through the client portal. Email and Telegram remain for questions, and for clients who prefer a quote by message.