How to Buy Crypto with ADCB Bank (2024) (2024)

Can I Buy Bitcoin with ADCB Bank?

Yes, ADCB Bank users can invest in Bitcoin and other cryptocurrencies through Emirati digital asset exchanges. The bank supports fund transfers to trading platforms that comply with Abu Dhabi Global Market (ADGM) regulations. Customers can conveniently deposit Emirati Dirhams (AED) using bank transfers and debit cards, making the registration process easy and straightforward.

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How to Buy Crypto with ADCB Bank

ADCB Bank customers can invest in digital currencies through investment platforms regulated with the ADGM. Our recommended platform, Rain is regulated by the AFGM under registration number 6561104. It provides access to a vast range of 50 cryptocurrencies to trade. There are also various AED deposit methods, including bank transfers, credit cards, and debit cards.

Follow this guide to buy crypto with ADCB Bank through the Rain exchange:

1. Account Creation: Sign up on Rain.com and complete the necessary identity verification process.
2. Depositing Funds: Navigate to the deposit section, select 'AED' as your currency, and use a bank or card transfer for immediate AED deposits.
3. Select Crypto: With funds in your account, use Rain.com's user-friendly interface to choose the cryptocurrency you're interested in (like Bitcoin).‍
4. Purchase: Specify the amount you wish to invest in the chosen cryptocurrency in AED and finalize your purchase.

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What are the Fees?

For newcomers to cryptocurrency trading, it's important to be aware of the fees that come with using digital asset exchanges. These fees generally cover depositing funds, trading, and withdrawing money. Most platforms charge between 1% and 2% for trading.

Rain.com is a great choice for ADCB Bank customers, with zero trading fees but spreads of around 0.2%. This is significantly lower than many other platforms, such as Coinbase, which charges around 2%. Additionally, Rain offers free AED deposit options through bank transfers and debit cards.

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Is ADCB Bank Crypto-Friendly?

Yes, ADCB Bank is considered crypto-friendly and supports its customers' interest in digital currencies. The bank facilitates fund transfers to exchanges regulated by the Abu Dhabi Global Market (ADGM), allowing users to invest in cryptocurrencies while adhering to local regulatory standards.

For customers dealing with exchanges monitored by ADGM, there's an added layer of security. These platforms comply with regulatory requirements, offering a trustworthy environment for those new to digital asset investing.

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About Abu Dhabi Commercial Bank

ADCB Bank, based in Abu Dhabi, is a leading financial institution in the UAE. It offers a variety of products, including the ADCB TouchPoints Rewards Program, the ADCB Traveller Credit Card, and ADCB Islamic Banking services. ADCB provides digital banking through its mobile app and internet banking, ensuring secure and convenient financial management.

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Bottom Line

In conclusion, ADCB Bank customers can invest in cryptocurrencies through regulated exchanges. With support for AED transfers and compliance with ADGM regulations, Rain ensures a straightforward and safe process for buying Bitcoin and other digital assets. Its low fees and extensive range of cryptocurrencies make it an excellent choice for ADCB clients.