Buying and selling cryptocurrencies in the Middle East is not always easy, first of all due to laws in the different countries which might go directly or indirectly against cryptocurrency trading and secondly due to the poor choice of exchange sites to choose from, having local deposit and withdrawal methods available.
Now BitQuick has taken it upon themselves to help the people of the Middle East out, they reported on their social media pages this week. Basically they have launched a Middle Eastern version of their trading platform, called BitQuick.me, where users from Egypt, Jordan, Palestine, Kuwait, Lebanon, Qatar, Dubai and Syria are amongst the ones being able to trade in the site.
Local currencies are available for the users of these countries, but they can also trade directly in USD if they should prefer to do that. BitQuick decided to go for the Middle East, due to their competitors looking more at Africa, South America and Asia, rather than looking at a market that already has the technology and economy for trading larger quantities of coins.
The Middle East is an interesting market to go into in general, but it is far from certain that BitQuick will have any success in the area. They offer users the possibility to buy Bitcoins instantly through bank wire and local payment places, so we might see a small Bitcoin revolution in the Middle East soon.