Can I buy Crypto on Mashreq Bank?
Mashreq Bank does not currently offer the option to buy Cryptocurrencies directly on its banking platform. This is because it has not acquired the appropriate licensing to offer Crypto investing services. As previously mentioned, you can send AED from your Mashreq account to a secure and regulated cryptocurrency exchange.
We recommend using Rain as it is considered the most reliable and secure exchange in the Middle East. It is regulated and licensed to operate in every country in the Middle East including the UAE, Bahrain, Oman, Jordan, Kuwait, Qatar, and more. One of the reasons for the platforms increasing popularity in the UAE is that it offers zero fees to deposit AED and trade tokens.
How to buy Bitcoin with a Mashreq Bank account
The best and most affordable way to buy cryptocurrencies like Bitcoin with Mashreq bank is through Rain. Rain accepts deposits from Mashreq bank users by Credit/Debit card deposits or Bank Transfers. Follow the below guide to buy Bitcoin with Mashreq.
- Create a free account on Rain and complete the verification process.
- Deposit funds from your Mashreq Bank account via one of the supported payment methods.
- Find the Crypto you want to buy, input the amount of AED you wish to invest, and tap 'Buy'.
About Mashreq Bank
Mashreq Bank was established in 1967 as the Bank of Oman Ltd. It was the first private bank to operate in Dubai and was also the first foreign bank to open a branch in Qatar. The name of the bank was changed to Mashreq bank in 1993. Mashreq is one of the leading banks in the UAE and offers a wide range of products and services for both individuals and businesses.
The bank also has a strong presence in other countries in the region, including Qatar, Kuwait, Egypt, and Bahrain. The bank has won numerous awards over the years, including the Bank of the Year award from The Banker magazine in 2013.
Mashreq Bank Stance on Cryptocurrencies
Mashreq Bank has always had a positive stance on Cryptocurrencies. Despite not offering a direct buying option from its banking portal, the bank works with regulated exchanges like Rain that provide safe and secure Crypto trading platforms for its customers.
The bank recognizes the potential of digital currencies as investments and encourages its customers to explore these opportunities responsibly. With increased support from regulators and banks, many people are now investing in Cryptocurrencies with greater confidence. Mashreq Bank is one of the few banks that takes an open-minded approach toward Crypto.
Mashreq Bank encourages its customers to invest in Cryptocurrencies responsibly. The bank is an industry leader in promoting digital asset investing and has partnered with Rain, one of the most reliable and secure Crypto exchanges in the Middle East. This ensures that Mashreq Bank customers can safely and securely purchase Cryptocurrencies using their bank account.