is a legitimate cryptocurrency launched in 2016, but it is not an official government-backed currency , and its name has been used in several major phishing scams. The "DubaiCoin" Scam Warning

Set up a wallet like MetaMask or the Binance Web3 Wallet .

Connect your wallet to a Decentralized Exchange (DEX) that supports DBIX (such as HitBTC or a compatible swap protocol) and exchange your USDT for DBIX. Crypto Regulation in Dubai (2026) DubaiCoin Price | DBIX Crypto Coin Value - Investing.com

Buy a stablecoin like USDT on a regulated exchange (e.g., Bitget or Binance ).

In May 2021, a viral "official" press release claimed Dubai was launching its own digital currency called DubaiCoin. This was by the Dubai government, which confirmed that the city has no official cryptocurrency and that the website promoting it was an elaborate phishing campaign designed to steal personal data.

The actual DBIX token was created by a private startup called Arabian Chain Technology.