How to Buy Crypto with Emirates NBD

Can I Buy Bitcoin with Emirates NBD?

Yes, Emirates NBD permits its customers to send funds from their bank accounts to accredited digital currency platforms in the UAE. After transferring your funds, you can convert them into Bitcoin or other crypto assets. It's essential to mention the bank doesn't offer direct cryptocurrency trading services on its own. For a smooth investment journey, we advise choosing a platform that accepts deposits in UAE Dirham (AED).

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How to Buy Crypto with Emirates NBD

The easiest method for Emirates NBD clients to acquire cryptocurrency is by using an exchange sanctioned by the ADGM. Our specialists have identified Rain as a top choice due to its regulatory compliance, extensive range of assets, and competitive fees. It accommodates AED transfers through diverse payment methods, including bank transfers and card deposits.

Here's a guide for clients to start trading Bitcoin and other digital currencies with Emirates NBD: 

1. Create Account: Start by establishing a Rain account and completing the identity verification procedures. 
2. Choose Currency: After selecting "Deposit", designate "AED" as your currency of choice and transfer funds from Emirates NBD.
3. Select Asset: Find your desired cryptocurrency on the platform.
4. Buy Crypto: Input your investment amount and finalize your acquisition.

Emirates NBD Cryptocurrency Policy

Emirates NBD maintains a progressive perspective on cryptocurrencies, upholding strict compliance with relevant regulatory standards. It grants its clients the liberty to explore via trustworthy platforms. Our recommended exchange, Rain, has a comprehensive license from the Abu Dhabi Global Market (ADGM). It's based in the UAE, with its primary headquarters nestled in the heart of Abu Dhabi's financial district.

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Digital Asset Investing Fees

For those wanting to buy digital assets with Emirates NBD, understanding the related fee structures is crucial for optimizing investment returns. Here's an in-depth overview of the main costs you might encounter on an exchange: 

• Trading Margin: These are costs associated with the buying and selling of cryptocurrencies. On Rain, spreads usually remain around 1% or less. 
• Deposit Fees: Certain fees might apply when depositing funds, contingent on the chosen method. Direct bank transfers from Emirates NBD are generally free of charge, while credit and debit cards might have fees surpassing 2%. 
• Withdrawal Fees: The expenses for retrieving funds vary depending on the cryptocurrency. For instance, Bitcoin transactions carry a fixed fee of 0.0005 BTC. 

Compared to several market platforms like Coinbase, which can charge up to 5% on transactions, Rain’s diverse offerings and competitive rates make it an especially appealing option for Emirates NBD customers.

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What is Emirates NBD Bank?

Emirates NBD is one of the largest and most esteemed banking groups in the United Arab Emirates, founded in 2007 through the merger of Emirates Bank International and National Bank of Dubai. Headquartered in Dubai, the bank has significantly expanded its footprint, not just in the UAE but also internationally, with branches in key financial markets like Saudi Arabia, Egypt, India, and the United Kingdom. 

Specializing in a wide range of financial services, including retail, corporate, and investment banking, Emirates NBD is popular for its focus on customers, innovative financial products, and robust digital banking solutions. The institution has garnered numerous awards for its excellence in banking and is considered a pillar of financial stability and innovation in the Middle East.

Final Thoughts

To wrap up, while Emirates NBD doesn't directly offer cryptocurrency trading, it supports clients to engage in digital asset investments through trusted platforms. We recommend Rain as it is backed by ADGM regulations and provides a compliant trading environment. It has the lowest investment fees in the Middle East and provide live customer support in English and Arabic, making it a great choice for Emirati investors.