Crypto Banks
Buy Crypto with Arab Bank

Buy Crypto with Arab Bank

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January 25, 2023
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Summary: Unfortunately, Arab Bank customers cannot directly purchase Bitcoin and other Cryptocurrencies through their online banking portal. However, the bank does allow its users to transfer funds from their bank account to a regulated and licensed digital asset exchange in the Middle East.

Rain is the best option for Jordanian investors as it is an Abu Dhabi Global Markets (ADGM) licensed digital asset exchange. It is considered the most secure Cryptocurrency trading platform in the Middle East and has never once been subject to a cyber attack since its inception in 2017.

Table of Contents

Best Cryptocurrency Exchange for Arab Bank

Platform Highlights

  • Free and Instant AED deposits for Arab Bank users 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 - Arab Bank
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Audited Proof of Reserves
Audited Proof of Reserves

How to Buy Crypto with Arab Bank

As outlined above, the best way to buy digital assets with an Arab Bank account is with a trusted broker like Rain. They are licensed throughout the Middle East and offer free and instant Jordanian Dinar (JOD) deposits for Arab Bank users. You can get started with these simple steps.

  1. Open a free account on Rain and verify your email address.
  2. Deposit funds from your Arab Bank account via one of the supported payment methods.
  3. Select a token to purchase, input the amount of JOD you want to invest, and tap 'Buy'.
How to Buy Crypto with Arab Bank.
How to Buy Crypto with Arab Bank.

Is Arab Bank Crypto-Friendly?

Yes, Arab Bank is a crypto-friendly institution that allows customers to buy and sell Cryptocurrencies through licensed and regulated brokers. There is nothing highlighted in the bank's policies that prohibit its users from investing in digital assets. The bank has plans to offer additional services such as Crypto trading, storage, and lending in the near future.

Is it legal to buy Cryptocurrencies in Jordan?

Yes, it is legal to buy and sell Crypto in Jordan. They can be purchased through registered exchanges such as Rain with an Arab Bank account or alternative bank accounts based in the Middle East. While Crypto trading is not yet regulated in the region, the Jordanian government has established guidelines for exchanges and other providers to ensure their customers’ safety.

The Central Bank of Jordan also issued a statement warning about the volatility of digital assets and encouraging users to exercise caution when investing. It encouraged investors to only invest what they can afford to lose and highlighted that digital assets are subject to high-risk investments. As such, it advised investors against relying solely on crypto investments as a source of wealth creation.

About Arab Bank

Arab Bank is a leading financial institution in the Middle East and North Africa region, providing banking services to 30 countries. As one of the largest Arab banks, it serves millions of customers worldwide. The bank has also been at the forefront of technology innovation, launching mobile banking, digital payments, and other cutting-edge solutions for customers.

It is a leading innovator in the Islamic finance industry, offering Sharia-compliant products and services. 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. As part of its commitment to community development, it supports a wide range of initiatives in healthcare, education, and social welfare.

Arab Bank.
Arab Bank.

Final Thoughts

While Arab Bank does not offer direct access to Crypto, it is possible for its customers to purchase digital assets through the highly secure exchange, Rain. It is important for investors to research the market and understand the risks associated with trading Crypto before making any investments. With this in mind, Jordanian investors can safely buy and sell Crypto with Arab Bank.

Adrian Graham

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.

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