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How to Buy Crypto with First Abu Dhabi Bank

How to Buy Crypto with First Abu Dhabi Bank

Alysha Jane
Fact Checked
Jan 25, 2023

Summary: FAB customers cannot buy or sell digital assets directly through its online banking platform. The only way to buy Crypto like Bitcoin and Ethereum is by going through a regulated and licensed Crypto exchange.

We recommend using Rain, it was founded in 2017 and is based in Bahrain but offers services to multiple Middle Eastern markets including the UAE, Bahrain, Saudi, Oman, Kuwait, and more. It is widely regarded to be the most secure exchange and is licensed by the Abu Dhabi Global Markets (ADGM) and regulated by the Central Bank of Bahrain (CBB).

Table of Contents

Best Crypto Trading Platform for First Abu Dhabi Bank

Platform Highlights

  • Free and Fast AED deposits from First Abu Dhabi Bank to buy and sell 100+ tokens.
  • Regulated crypto exchange in the United Arab Emirates and the Middle East.
  • The only trading platform in the UAE to offer 0% trading and deposit fees.
Rain.com - First Abu Dhabi Bank
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Audited Proof of Reserves
Audited Proof of Reserves

Can I buy Crypto on First Abu Dhabi Bank?

If you are looking to buy Bitcoin and other cryptocurrencies directly on First Abu Dhabi Bank, you are out of luck. As mentioned above, you can transfer funds from your FAB account to a trustworthy cryptocurrency exchange and purchase tokens directly on that platform.

The best option for FAB customers is the Rain exchange. Rain is the most reliable, trustworthy, and easy platform to buy Bitcoin and Cryptocurrencies through. It provides an easy-to-use UI and offers both a web and mobile version of its exchange. On Rain, users can buy and sell over a hundred different tokens.

How to buy Bitcoin and Crypto with FAB

The best and fastest way to buy Cryptocurrencies like Bitcoin with FAB is by using the Rain platform. Rain offers a variety of AED payment methods for First Abu Dhabi Bank customers including Credit/Debit Card deposits or Bank Transfers. Follow the below steps to get started.

  1. Sign up to Rain with your e-mail address and complete the verification process.
  2. Deposit funds from your FAB account via one of the supported payment methods.
  3. Find the token you wish to purchase, enter the amount of AED you want to invest, and click the 'Buy' button.
How to buy Bitcoin and Crypto with FAB.
How to buy Bitcoin and Crypto with FAB.

What is First Abu Dhabi Bank

First Abu Dhabi Bank (FAB) is a leading bank in the United Arab Emirates. The bank was formed through the merger of National Bank of Abu Dhabi and First Gulf Bank in 2017. FAB provides a full range of banking services including retail, corporate, investment banking, treasury, and private banking. The bank has a strong presence in the UAE with over 120 branches and more than 1,600 ATMs.

First Abu Dhabi Bank is one of the largest banks in the UAE with assets of over AED 700 billion (US$ 190 billion). The bank has a strong customer base of over 4 million customers and is one of the leading banks in the UAE in terms of profitability and capital ratios. FAB was ranked as the 8th largest bank in the world by The Banker magazine in 2018.

First Abu Dhabi
First Abu Dhabi (FAB) Bank.

Should I invest in Digital Assets?

The decision to invest in digital assets is a personal one and depends on the individual's risk tolerance. It's important to understand the risks associated with investing in Crypto before making any investment decisions. Cryptocurrencies are highly volatile, complex, and speculative investments that may not be suitable for all investors.

With that being said, there are many known benefits of investing in Cryptocurrencies such as potentially high gains, ease of access, and decentralization. Crypto is being used as a payment method for goods and services around the world. Additionally, more institutional investors are entering this space which could further push prices upwards.


Final Thoughts

First Abu Dhabi Bank customers can easily buy Bitcoin and other Cryptocurrencies through the Rain exchange. Rain is a regulated, licensed, secure, and simple platform designed to make buying Crypto easy and effortless. FAB customers can take advantage of the numerous payment options available on Rain, including bank transfers, debit/credit cards, Easy Deposit, and more.

Alysha Jane

I am a Finance graduate and market analyst that enjoys researching and writing about digital assets and how they intersect with Macro.

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