Summary: Emirates NBD doesn’t allow direct cryptocurrency purchases, but it makes it easy for UAE investors to buy digital currencies through regulated exchanges. The bank ensures secure transfers to exchanges that are accredited by the ADGM or other local authorities.
After looking into the best options, we recommend Rain for Emirates NBD clients. It offers instant, fee-free AED deposits and gives access to a wide range of cryptocurrencies. With ADGM supervision, Rain provides a safe and reliable platform for trading and investing in crypto.
- Instant and free SAR deposits from any Saudi bank, debit or credit card.
- Buy 1,000+ cryptocurrencies with low fees (0.1%) through spot and futures trading.
- Regulated and trusted exchange with over 20 million users worldwide.
Can I Buy Bitcoin with Alinma Bank?
Yes, Alinma Bank clients can buy cryptocurrencies. Although the bank doesn’t handle crypto transactions directly, it allows transfers to approved exchanges in Saudi Arabia.
This process ensures customers can safely deposit funds and convert their SAR into popular tokens like Bitcoin and Ethereum. It’s important to choose a platform regulated by the Saudi Arabian Monetary Authority (SAMA) to stay compliant with local laws.
How to Buy Crypto with Alinma Bank
Alinma Bank allows customers to safely invest in digital currencies through exchanges that follow SAMA regulations. Bybit is an excellent choice, offering a wide range of cryptocurrencies, strong adherence to Saudi regulations, and an easy-to-use platform.
Bybit supports various payment methods, including bank transfers, PayPal, debit and credit cards, Skrill, and Neteller, all in Saudi Riyals. This ensures a seamless experience for Alinma Bank clients who want to get started with crypto trading.
To begin, follow these simple steps:
- Create an Account: Sign up on Bybit and complete the identity verification process.
- Transfer Funds: Select 'Buy Crypto' and choose your preferred deposit method.
- Select Digital Assets: Choose the cryptocurrency you want to buy and select a payment method.
- Buy Crypto: Enter your investment amount and click 'Open Trade' to complete the purchase.
Alinma Bank Cryptocurrency Policy
Alinma Bank is embracing the digital age by offering its customers access to cryptocurrency investments through trusted platforms. The bank works with exchanges that follow the regulations set by the Saudi Arabian Monetary Authority (SAMA), ensuring that customers can invest in digital currencies with confidence.
By partnering with these regulated exchanges, Alinma Bank provides a secure way for its customers to explore crypto trading while staying fully compliant with local laws. This approach helps protect users and offers a safe pathway for anyone looking to invest in digital assets.
For Alinma Bank clients, Bybit is a solid choice. It complies with Saudi regulations, offering a secure, transparent, and easy-to-navigate platform. Bybit’s focus on security and its wide range of cryptocurrencies make it a reliable option for those looking to dive into crypto with peace of mind.
Digital Asset Investing Fees
When you're getting into crypto, understanding the fees involved is crucial to making smarter investment choices. These costs can impact your returns, so it’s important to know what you’re up against before you start. Here's a simple rundown of what to expect:
- Deposit Costs: The fees for depositing funds depend on the payment method. Bank transfers are usually the cheapest option, while credit card deposits can come with higher fees.
- Trading Charges: Most platforms charge around 1% per trade, but Bybit keeps things low at just 0.1%, making it a more affordable option for buying and selling tokens.
- Withdrawal Charges: These vary by cryptocurrency. For example, withdrawing Bitcoin usually costs about 0.00005 BTC, though it can be different for other coins.
If you're with Alinma Bank and looking to dive into crypto, Bybit is a great choice. With free SAR deposits, low fees, and a wide range of tokens, it’s a solid platform for trading crypto without breaking the bank.
What is Alinma Bank?
Alinma Bank, established in 2006, is a forward-thinking, Shariah-compliant bank that aims to make banking more accessible and modern. It serves a wide range of customers, offering everything from personal loans and real estate financing to corporate loans and auto leasing.
The bank embraces technology, providing easy-to-use digital banking services that cater to today’s fast-paced, tech-savvy lifestyle, especially appealing to younger customers. Whether it’s managing payments or saving for the future, Alinma makes banking simple and convenient.
With its Strategy 2025, Alinma is committed to supporting economic growth and focusing on what matters most to its customers. For those looking to explore cryptocurrency, Alinma’s innovative approach to banking makes it a solid choice for safely entering the world of digital assets.
Best Alternative Crypto Exchanges for Alinma Bank Customers
If you're looking to explore crypto beyond Bybit, here are some great options for Alinma Bank users:
- Binance: Binance is a global leader in crypto trading, offering a huge selection of cryptocurrencies with low fees. It supports SAR deposits and has both simple and advanced trading features, making it suitable for both beginners and experienced traders.
- BitOasis: BitOasis is a popular platform in the UAE and Saudi Arabia, with easy SAR deposits and a simple user interface. It gives you access to a wide range of cryptocurrencies, making it a reliable choice for local investors.
- Kraken: Known for its strong security, Kraken supports SAR deposits and offers a variety of cryptocurrencies with competitive fees. It’s a solid platform for anyone looking for a secure and easy way to trade.
These platforms offer a secure and user-friendly way for Alinma Bank customers to start trading cryptocurrencies with confidence.
Final Thoughts
Alinma Bank makes it easy for customers to get into cryptocurrency while staying compliant with Saudi regulations. While the bank doesn’t directly offer crypto trading, it allows transfers to trusted, regulated platforms.
Bybit is a great choice for Alinma Bank users. It supports SAR transfers, has strong security, and offers a wide range of cryptocurrencies. Features like copy trading and staking make it even more appealing.
By combining Alinma Bank with Bybit, you can trade cryptocurrencies with confidence. It’s a simple, secure, and compliant way to start your crypto journey.
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.
