How to buy Bitcoin with Qatar National Bank
The best method to invest in Cryptocurrencies like Bitcoin and Ethereum with QNB is through a licensed and regulated exchange in the Middle East. We recommend Rain because they have held a license since 2017 and are one of the few exchanges to offer a Halal Account that ensures users are trading in accordance with Sharia Law. You can get started securely with this simple guide.
- Create a free account on Rain and complete the verification requirements.
- Deposit funds from your QNB account through one of the available payment methods.
- Select Bitcoin (BTC) as your token, input the amount of QAR you want to invest, and tap 'Buy'.
Crypto Investing Fees
The fees associated with buying Cryptocurrency differ depending on the exchange you use. Rain offers the lowest fees in Qatar as it provides free deposits and 0% trading fees. In other words, it is completely free to invest in digital assets through Rain. It is the only platform that offers both zero deposit and trading fees globally.
Is QNB Bank Crypto-Friendly?
The short answer is yes, QNB Bank understands the power of Cryptocurrencies and blockchain technology. The bank allows customers to withdraw funds from their accounts to trade digital assets through regulated and licensed exchanges like Rain. In addition, the bank offers custodial services that provide a secure environment for customers to store their digital assets for institutional investors.
QNB is one of Qatar's largest financial services providers and a leading international banking group. Established in 1964 as the first indigenous Qatari-owned commercial bank, it has grown to become one of the region’s most prominent financial institutions with branches across the world. QNB provides a wide range of personal and corporate banking services designed to meet the needs of its customers.
The bank's personalized approach and commitment to service excellence have earned it numerous awards, including being named “the Best Bank in Qatar” by Euromoney magazine for seven years in a row. QNB offers an extensive portfolio of products and services, including personal banking, business, and corporate banking, Islamic banking, private banking, and wealth management.
Can I legally purchase Cryptocurrencies in Qatar?
Yes, Qatar has established a regulatory framework for Cryptocurrencies which makes it legal for citizens to buy digital assets. The country's financial regulator, the Qatar Financial Centre Regulatory Authority (QFCRA), is responsible for the regulation of Crypto and digital asset exchanges in the country. To date, only Rain is regulated by QFCRA to offer Crypto related services.
Although QNB customers cannot directly invest in Cryptocurrencies through the banks online platform, they can still transfer funds from their accounts to a regulated Crypto exchange like Rain. This provides investors with a secure and legally compliant way to buy, sell and store Cryptocurrencies in Qatar.