How To Buy Crypto with First Abu Dhabi Bank

    • James Page

James HeadshotAuthor: James Page - Last Updated on June 28, 2022

Summary: Banks generally don’t offer crypto trading as part of their platform due to the regulations and complexities that come with setting up a crypto exchange. However, that doesn’t mean you can’t use your First Abu Dhabi Bank account to buy crypto.

All you need is a reliable and trusted cryptocurrency exchange. We recommend using eToro as it’s a very well-known exchange (rated 4.2/5 with over 15000 reviews) with a good amount of cryptocurrencies to choose from and great support.

Buy Crypto with eToro

How to buy crypto or bitcoin with First Abu Dhabi Bank

As stated above, just like with the vast majority of banks, you can’t buy crypto with First Abu Dhabi Bank on their platform. At the time of writing, banks aren’t implementing crypto trading platforms yet, seemingly because of the extra regulations they need to adhere to, in addition to other complexities when it comes to setting up a cryptocurrency trading platform.

However, luckily for us, there are plenty of cryptocurrency exchanges to choose from that you can use to buy bitcoin or any other cryptocurrency you might want.

1. Choose a cryptocurrency exchange

While there are a lot of cryptocurrency exchanges, it can get a bit tricky comparing them all as they all offer very similar features. The differentiating factors are mainly fees, the amount of digital assets to choose from, and any special features that the other exchanges don’t have.

The reason we recommend going with eToro is that they have a great combo of global reach (a lot of exchanges only work within specific GEOs), competitive fees, and a few very neat features (like “Copy Trading”, which allows you to copy the trades of other investors on the platform).

Let’s get into it!

etoro crypto

2. Create an account on the exchange

The first thing to do is to create an account on the exchange and go through the required verification processes, which should go very smoothly as they’ve got it all streamlined.

Sign Up with eToro

eToro sign up form

3. Transfer funds into the account

Transferring funds from your First Abu Dhabi Bank account is also pretty easy as eToro supports bank transfer, PayPal, credit/debit card, and a few more deposit methods.

4. Buy cryptocurrency

Once the funds are in the account, you can navigate to their markets section, choose your cryptocurrency and hit the buy/trade button.

And that’s it, you now have some crypto, congratulations!

Buy Crypto with eToro

 

 

About First Abu Dhabi Bank

First Abu Dhabi Bank is the United Arab Emirates' biggest bank. It was created from a merger of First Gulf Bank and National Bank of Abu Dhabi.

FAB offers financial solutions and products through its Corporate, Investment Banking and Personal Banking franchises.

Based in Abu Dhabi's Khalifa Business Park headquarters, the bank is present on five continents: Asia Pacific and Europe (APAC), Americas, Middle East, Africa (EAMEA), Americas (APAC), Europe (Americas), Middle East (Middle East) and Africa (EAMEA).

First Abu Dhabi Bank was established as a result from a merger of FGB and NBAD. Two UAE banks declared on July 3, 2016 that their boards unanimously approved the recommendation to shareholders for the merger. On 7 December 2016, the respective shareholders approved that the transaction be completed. FGB shareholders received 1.254 NBAD share for every FGB share that they owned. The merger resulted in the creation of First Abu Dhabi Bank (FAB), UAE's biggest bank.

Related Posts: