Is ADCB Bank Crypto-Friendly?
Yes, ADCB is a Crypto-friendly bank that allows customers to buy and sell digital assets through licensed and regulated Cryptocurrency brokers. ADCB does not currently offer any Crypto-related products or services. However, the bank has expressed interest in developing a digital asset exchange in the future. For now, its users will need to use secure exchanges like Rain.
How to buy Crypto with ADCB Bank
As mentioned above, the best way to invest in cryptocurrencies with an ADCB Bank account is through a trusted trading platform like Rain. They offer free and instant AED deposits to ADCB customers via multiple payment methods including Bank Transfers, Credit/Debit Cards, Fawri and many more. Follow this short and simple guide to get started.
- Open a free account on Rain with your e-mail address and complete the signup process.
- Deposit funds from your ADCB account via one of the supported payment methods.
- Select the Crypto you wish to buy, input the amount of AED you want to invest, and tap 'Buy'.
What is ADCB Bank
ADCB was established in 1985 as a public joint stock company and commenced operations in 1986. It was initially known as Abu Dhabi Commercial Bank and changed its name in 2012. ADCB is one of the largest banks in the United Arab Emirates with total assets of AED 400 billion as of October 2022. The Bank has a customer base of over 1.6 million and a network of branches across the UAE.
The bank offers a wide range of products and services including personal banking, business banking, wealth management, and corporate and investment banking. ADCB is majority owned by the Abu Dhabi government through its investment arm, Abu Dhabi Investment Council (ADIC). The other major shareholders are Emirates NBD (ENBD) with a 19.75% stake and Al Hilal Bank with a 5% stake.
What are the risks of investing in Cryptocurrencies?
Cryptocurrency investments involve a high degree of risk and volatility. The prices of digital assets can fluctuate greatly from day to day, hour to hour, or even minute to minute in extreme cases. Additionally, the value of Crypto assets is largely determined by supply and demand which makes them highly speculative investments.
In saying that, investing in Cryptocurrencies can be highly profitable if researched properly. It is important to understand the risks and do your own due diligence before investing in any token.
ADCB Bank does not currently offer any Crypto-related products or services. However, its customers can purchase digital assets via secure and regulated trading platforms like Rain. Rain is a licensed Cryptocurrency exchange that offers zero deposit and trading fees, making it the most affordable option for ADCB users.