Summary: Arab Bank does not offer a specialized platform for investing in cryptocurrencies within its extensive portfolio of financial services. If you're interested in acquiring digital assets like Bitcoin, we recommend transferring funds from your Arab Bank account or card to a reputable exchange that complies with the regulations set by the Central Bank of Jordan.
After a thorough evaluation of leading exchanges, our recommendation for Arab Bank clients is Bybit. This platform allows for free deposits in JOD and provides access to a wide array of over 850 digital currencies at competitive pricing. As an international platform, Bybit supports multiple languages, including both English and Arabic.
- Free JOD deposits from Arab Bank via bank transfer, credit cards and more.
- Buy, sell and trade 850+ cryptocurrencies for low fees via spot and futures trading.
- Regulated and trusted exchange with over 18 million users in the Middle East.
Can I Buy Bitcoin with Arab Bank?
Certainly, Arab Bank offers its clients the capability to send money to reputable cryptocurrency exchanges within the Middle East. Once your funds are safely transferred, you can choose to invest in Bitcoin or delve into other digital assets. Keep in mind that Arab Bank doesn't directly offer cryptocurrency trading services. For a seamless and secure investment experience, we recommend choosing an exchange that is regulated by the Central Bank of Jordan.
How to Buy Crypto with Arab Bank
The most secure way for Arab Bank customers for investors to buy cryptocurrency is through a trusted platform like Bybit. Bybit offers a seamless and secure pathway for investing in a wide range of over 850 digital assets. The platform accepts deposits in Jordanian Dinar (JOD), providing you with the convenience to fund your account through various methods such as bank transfers, debit cards, and credit cards.
Here's a detailed guide on how to acquire cryptocurrency using your Arab Bank account:
- Register an Account: The first step is to sign up for an account on Bybit. Ensure you complete all necessary verification steps to bolster the security of your account.
- Choose Your Payment Method: Head over to the 'Buy Crypto' section on the platform and select the payment method that best suits your needs.
- Select Your Investment Currency: Now, decide on the currency you'd like to use for your investment. Whether you choose JOD, USD, or any other supported currency, the decision is entirely up to you.
- Kickstart Your Investment: After making your selection, identify the specific cryptocurrency you wish to invest in. Enter the amount you're comfortable investing and finalize the transaction to complete your purchase.
Arab Bank Cryptocurrency Policy
Arab Bank takes a balanced and forward-thinking approach to cryptocurrencies. The bank permits its customers to interact with trading platforms that comply with regulations set forth by reputable governing bodies like the Central Bank of Jordan and other applicable financial authorities. Prioritizing client safety and adherence to legal mandates, Arab Bank retains the authority to halt transactions with platforms that pose a risk to customer security.
What is Arab Bank?
Arab Bank, a prominent financial institution founded in 1928 in Jerusalem, plays a pivotal role in the Middle East banking sector with a global footprint extending across five continents. It stands as a powerhouse in retail, corporate, and investment banking, offering a diverse array of services including loans, deposits, and trade financing.
Headquartered in Amman, Jordan, Arab Bank's solid reputation for reliability, innovation, and customer-centric services makes it a preferred choice for individual and business clients, simultaneously contributing to its regional economic growth and development. Arab Bank has also been recognized by numerous international awards, including the Global Finance Best Digital Bank Award and Euromoney’s Best Bank in the Middle East Award.
Final Thoughts
To conclude, Arab Bank does not offer specific services for cryptocurrency investments. However, the bank does facilitate the transfer of funds to reputable cryptocurrency exchanges regulated by the Central Bank of Jordan. For those interested in diving into the world of digital assets, our top recommendation is Bybit as it offers free deposits in Jordanian Dinar to trade a wide range of over 850 cryptocurrencies with competitively low fees.
Co-Founder & former Investment Banker (Finance MBA) turned Full-Time analyst and Head of Research at Buy Bitcoin Bank. Left traditional finance to pursue my interest in digital assets and decentralized finance.
