CoinMENA alternative for selling USDT in Saudi Arabia
CoinMENA's flat bank withdrawal charge weighs most on small sums. For those, or USDT on Tron or TON, Unigox is a CoinMENA alternative in Saudi Arabia. In the UAE or Bahrain, or for OTC-size trades, stay with CoinMENA.
When to stay with CoinMENA
Your bank account is in the UAE or Bahrain
A dirham withdrawal costs 25 AED and a Bahraini dinar one 1.50 BHD. Dirhams go in by bank transfer at no fee or through botim at 2%. UAE residents can also move US dollars in and out directly.
You sell larger riyal sums
The 117.5 SAR charge is the same for every riyal withdrawal, so it counts for less as the sum grows. The trading fee is 0.75%. From 50,000 USD, CoinMENA's OTC desk handles the trade with a processing fee of 0% to 0.2%.
You want other coins and limit orders
CoinMENA lists more than 50 digital assets and takes market and limit orders, under a Central Bank of Bahrain licence and a Dubai VARA licence. On Unigox you trade stablecoins against local money.
CoinMENA fees and networks next to a Unigox sale
| Topic | CoinMENA | Unigox |
|---|---|---|
| What it is | A broker run from Bahrain and Dubai. You fund a balance by bank transfer from an account in your name, by card or with crypto, trade at market or limit prices, then withdraw. | Stablecoin trades for local money, each filled by a P2P merchant or a payment business. |
| Riyals to your bank | 117.5 SAR per withdrawal, minimum 500 SAR, shown before you confirm. Local withdrawals arrive in 1 to 2 working days, to a bank account you link in the app. | No separate withdrawal. On days the riyal is open on Unigox, the P2P merchant or payment business that fills your sale pays the bank account you enter. |
| Trading fee | 0.75% per trade on the fee schedule, which CoinMENA says is volume-based. For OTC trades, from 50,000 USD, the schedule lists a 0% to 0.2% processing fee. | Part of the rate quoted for your amount, which you see before you accept. |
| USDT networks | Deposits on Ethereum, Solana, BSC and Aptos; Tron for withdrawals only. Sending USDT out: minimum 30 USDT, fee 5 USDT, or 3 USDT on Solana. | USDT arrives on Tron, TON and Solana, and on Ethereum, BNB Smart Chain and other EVM networks. |
| Identity check | Passport, selfie, job and residency details, plus proof of address, a residency visa or source of funds; approval within 24 hours. | Identity verification before the first trade, whatever its size. |
| Regulation | Two companies:
| Unigox works through two companies: UNIGOX NETWORK CORP. in Canada handles the local-money side and is registered with FINTRAC as a money services business and with the Bank of Canada as a payment service provider; UNIGOX NETWORK CORP. in Panama handles the crypto side, including wallets and escrow. |
UnigoxFrom CoinMENA to a Unigox sale in three steps
Pass the Unigox identity check
Your CoinMENA verification does not carry over. Unigox runs its own identity check before your first trade, even a small one.
Send USDT from CoinMENA on Solana or Tron
Withdraw USDT from CoinMENA on a network Unigox also takes: Solana costs 3 USDT, Tron or Ethereum 5 USDT, each with a 30 USDT minimum. Paste your Unigox deposit address for that same network. CoinMENA can take up to 24 hours to process it.
Sell and name your bank account
Pick your currency and amount and accept the rate, Unigox fee included. Enter the bank account to be paid for this sale, and confirm once the money arrives so the escrow releases the USDT.
Questions about CoinMENA alternatives
Which CoinMENA alternative takes USDT on Tron?
Unigox takes USDT on Tron and TON as well as on Solana, Ethereum and other EVM networks. A P2P merchant or a payment business pays local money for it in the currencies open that day. CoinMENA's fee schedule lists USDT deposits on Ethereum, Solana, BSC and Aptos.
CoinMENA fees: what do a USDT sale and withdrawal cost?
CoinMENA's fee schedule lists a 0.75% trading fee, and CoinMENA says frequent traders pay less. A riyal withdrawal costs 117.5 SAR, with a 500 SAR minimum, and a dirham one 25 AED. Bank deposits have no fee and a 37.5 SAR minimum; card and Apple Pay deposits cost 4%. Unigox puts its fee inside the rate you see before you accept.
CoinMENA review: who regulates CoinMENA?
Two licences, one per company. CoinMENA B.S.C. (c) in Bahrain is a category-3 crypto asset service provider under the Central Bank of Bahrain. CoinMENA FZE in Dubai holds VARA licence VL/23/09/001 for broker-dealer services, shown as active, with retail investors permitted. CoinMENA B.S.C. (c) also operates in the Central Bank of Jordan's regulatory sandbox.
Check a Unigox rate before you withdraw from CoinMENA
Enter the USDT you plan to sell and Unigox shows the rate with its fee inside, before you accept. Set that beside CoinMENA's listed 0.75% plus 117.5 SAR on the same sum.
CoinMENA and other names and logos are trademarks of their respective owners. Unigox is not affiliated with, endorsed or sponsored by them. Information about other companies comes from public sources, mainly the companies' own websites, and each company can change its products and fees at any time.