How to Buy Bitcoin & Crypto with Emirates NBD

Key Takeaway: Emirates NBD customers interested in cryptocurrency should transfer AED or USD to regulated crypto exchanges approved by authorities such as Dubai’s Virtual Assets Regulatory Authority (VARA). 

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How to Buy Bitcoin with Emirates NBD

Emirates NBD users can purchase cryptocurrencies such as Bitcoin, Ethereum, and Solana by transferring funds from their bank accounts to a regulated digital asset exchange.

We recommend using eToro, a globally regulated investment platform approved by trusted financial authorities. Emirates NBD account holders can deposit funds into eToro through bank transfers, credit or debit cards, or online payment options.

To purchase Bitcoin using Emirates NBD and eToro, follow these straightforward steps:

1. Open an Account: Visit the eToro website, register for an account, and complete the required identity verification process (KYC).
2. Add Funds: Once logged in, click "Deposit Funds," select your payment method, and transfer the desired amount from your Emirates NBD account.
3. Locate Bitcoin: Enter "Bitcoin" or "BTC" into the search function, then click on "Trade."
4. Execute Trade: Enter the amount you wish to invest, double-check the details, and confirm your purchase to secure your Bitcoin holdings.

Emirates NBD’s Policy on Crypto Transactions

Emirates NBD maintains clear guidelines regarding cryptocurrency transactions, reflecting local regulatory standards set by authorities such as Dubai’s Virtual Assets Regulatory Authority (VARA). These measures aim primarily to safeguard customer accounts from potential cryptocurrency scams and financial fraud.

Under current policies, Emirates NBD restricts direct transactions to cryptocurrency exchanges that lack adequate licensing or regulatory oversight, such as certain international platforms identified by UAE authorities. Despite these restrictions, customers can freely receive incoming transfers from regulated and compliant crypto exchanges.

Crypto Trading Fees

Emirates NBD customers should always verify and understand fee structures before committing funds to a cryptocurrency exchange. Here’s a breakdown of eToro’s fee model:

• Trading Fees: eToro applies a clear fee of 1% on all cryptocurrency purchases and sales. This fee is included in the displayed transaction price and is available before executing a trade.
• Market Spread: eToro does not charge separate spread fees explicitly. However, users should note that cryptocurrency prices naturally fluctuate, leading to slight differences between buy (ask) and sell (bid) prices at any moment.
• Withdrawal Charges: Customers using Emirates NBD to withdraw funds in major currencies like AED, USD, EUR, or GBP from eToro face no additional withdrawal fees.

The straightforward fee policy of eToro ensures Emirates NBD account holders can confidently manage their cryptocurrency investments with full transparency.

Best Deposit Methods for Emirates NBD

Emirates NBD customers aiming to fund their crypto trading activities through eToro have access to multiple deposit methods:

• Bank Transfers: Emirates NBD clients can quickly transfer AED directly into their eToro accounts using bank transfers. These transactions clear within a business day, providing investors with secure access to their funds without additional charges.
• Credit or Debit Cards (Visa and MasterCard): Investors holding an Emirates NBD debit or credit card can instantly deposit AED onto eToro, granting immediate availability for cryptocurrency purchases without delays.
• eToro Money Wallet: Ideal for substantial investments, the eToro Money service permits Emirates NBD account holders to transfer larger sums.

Users also benefit from free withdrawals when transferring AED back from eToro into their bank accounts, enhancing ease when managing returns or excess balances.

What is Emirates NBD?

Emirates NBD is a banking group headquartered in Dubai. Established in 1963 as the National Bank of Dubai, it merged with Emirates Bank International in 2007 to form Emirates NBD. Today, the bank operates across 13 countries, including the UAE, Egypt, India, Türkiye, and the United Kingdom, serving over 9 million customers. 

With total assets exceeding AED 1 trillion, Emirates NBD offers a comprehensive range of services, including personal, corporate, and Islamic banking, as well as wealth management. The bank is listed on the Dubai Financial Market and is majority-owned by the Investment Corporation of Dubai.

Conclusion

Investing in cryptocurrencies through Emirates NBD is straightforward when using a regulated exchange like eToro. Always adhere to the bank's guidelines and choose secure, compliant platforms to protect your investments. 

Double-check fees and transaction methods to maximise value. By staying informed and carefully managing each step, you can confidently start investing in Bitcoin and other digital assets with Emirates NBD.