Crypto Banks
Buy Crypto with QNB Bank

Buy Crypto with QNB Bank

Summary: Qatar National Bank (QNB) does not currently offer any services that allow its customers to buy Bitcoin and other Cryptocurrencies directly through its online banking platform. However, QNB does allow customers to transfer funds from their bank accounts and cards to regulated digital asset exchanges.

For investors in the Middle East looking to get started with a secure platform, we recommend Rain, which is licensed by the Abu Dhabi Global Markets (ADGM) and compatible with QNB Bank. Rain offers free and instant Qatari Riyal (QAR) deposits for QNB account holders to buy and sell over a hundred tokens.

Table of Contents

Best Crypto Exchange for Qatar National Bank (QNB)

Platform Highlights

  • Free and Instant QAR deposits for QNB customers to trade 100+ Cryptos.
  • Regulated Crypto exchange in Qatar and the Middle East.
  • The only trading platform in Qatar to offer 0% trading and deposit fees.
Rain.com - Qatar National Bank (QNB)
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Audited Proof of Reserves
Audited Proof of Reserves

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.

  1. Create a free account on Rain and complete the verification requirements.
  2. Deposit funds from your QNB account through one of the available payment methods.
  3. Select Bitcoin (BTC) as your token, input the amount of QAR you want to invest, and tap 'Buy'.
How to buy Bitcoin with Qatar National Bank.
How to buy Bitcoin with Qatar National Bank.

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.

Rain: Fees Schedule.
Rain: Fees Schedule.

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.

About QNB

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.

QNB Bank.

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.

Final Thoughts

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.

Andrew Chen

Andrew Chen is a lead editor and auditor of content for Buy Bitcoin Bank, with a Masters of Computer Science and extensive knowledge in cryptocurrency and blockchain technology. He has helped ensure the accuracy and quality of the platform's educational resources for new and experienced investors in the crypto space.

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