Investing in cryptocurrencies such as Bitcoin and Ethereum with a FAB (First Abu Dhabi Bank) account is now easier than ever when you go through a cryptocurrency exchange.

We recommend using eToro, it is a secure licensed cryptocurrency exchange that supports multiple asset classes. You can invest your AED in cryptocurrencies, stocks, commodities and much more.

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Can I buy Bitcoin on First Abu Dhabi Bank?

If you are looking to buy Bitcoin and other cryptocurrencies directly on the First Abu Dhabi banking platform, you are out of luck. However, you can deposit funds from your FAB bank onto a cryptocurrency exchange and purchase tokens on that platform. 

eToro is a regulated and licensed cryptocurrency exchange based in Israel and has been around since 2007. Making it one of the oldest cryptocurrency investing platforms in the world. In addition to cryptocurrency, you can invest in stocks, commodities, fiat currencies, ETFs, indices and much more. 

FAB Home

How to buy Bitcoin and Crypto with First Abu Dhabi Bank (FAB)

eToro only supports the following currencies USD, GBP, AUD & EUR. You can send AED from your FAB account, but when it arrives in your eToro account it will be auto-converted into USD. You will be charged a small conversion fee that will be auto deducted from the total amount. Follow the below steps to get started. 

Step One: Sign up to eToro, verify your identity and complete the online form
Step Two: Select ‚ÄėDeposit Funds‚Äô and choose Bank Transfer as payment method and enter the amount of USD you wish to deposit

eToro Deposit Funds - Bank Transfer

Step Three: You will be redirected to their banking details page, simply copy their details into your First Abu Dhabi banking app and send the desired amount to their bank. Bank transfers may take approximately 4-7 business days to be processed from the time of transfer.

eToro USD Bank Account Details

Step Four: Once your funds have arrived into your eToro account, visit the home page and search for the cryptocurrency you wish to purchase and select ‚ÄėTrade‚Äô

eToro buy BTC

Is eToro a good exchange?

eToro is considered the best multi-asset exchange in the world. It's one of the very few platforms to offer both digital and traditional financial products. You can invest in stocks, commodities, fiat currencies, cryptocurrencies, indices and ETFs. Not only can you trade cryptocurrencies but you can also stake selected tokens.

Furthermore, they have extremely high security measure in place to ensure the platform is not compromised in any way. eToro has been operating for over 15 years and has never been subjected to a cyber attack.

If you would like to learn more about eToro and its features, we recommend reading our eToro review.

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Posted 
May 18, 2022
 in 
Crypto Banks
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