The crypto space is a huge deal in the UAE, and entering it always begins with buying a few cryptocurrencies for yourself. Digital banking service providers like Emirates NBD make this transition into crypto trading super easy, fast, and secure. However, some crypto enthusiasts don’t know how to buy Bitcoin and crypto with Emirates NBD, making it impossible for them to leverage the crypto space. In this article, we will guide you through the process in a few easy steps.
Can I Buy Bitcoin and Crypto With Emirates NBD?
Yes, you can buy BTC, ETH, DOGS, or any other crypto asset of your choice using Emirates NBD as your payment option. Emirates NBD offers users a wide range of digital banking services, and it is also a great choice when you want to buy Bitcoin and crypto. You must understand that Emirates NBD does not directly handle crypto transactions. Instead, it is incorporated as a payment method in several major exchanges, allowing crypto enthusiasts in Dubai and beyond to buy any cryptocurrency they want.
Our best recommendation if you want to buy crypto with Emirate NBD is Binance. Binance is the largest crypto exchange, providing millions of users unhinged access to diverse cryptocurrencies for trading, staking, and many more. You can buy crypto on Binance using Emirates NBD via bank transfers, NBD card funding, or P2P trading. To use any of these services, however, you must have a verified account with Binance and a funded Emirates NBD.
How To Buy Bitcoin and Crypto Using Emirates NBD on Binance
Below is the easiest way to buy Bitcoin and crypto on Binance using Emirates NBD as your payment option:
- Create a Binance account and login; click Trade » P2P Transfer. You can also tap the P2P icon on the Binance services ribbon to enter the peer-to-peer section.
- Choose BTC or any other crypto you want to buy, and select AED or your preferred currency.
- Select Emirates NBD as your Payment Method, then choose a seller with reasonable rates and a good completion order completion percentage. Ensure the seller accepts transfers from the Emirates NBD bank.
- Input the amount of crypto you want to buy, review the transaction details, and proceed to transfer funds into the seller’s provided bank details using your Emirates NBD bank account.
- Head back to Binance to confirm that you’ve sent the funds. Once the seller receives the receipt of payment, the crypto will be sent to your wallet.
Alternatively, you can use your Emirates NBD bank account to fund Binance and use your balance to purchase crypto. Simply click Buy Crypto when you’ve funded your Binance account to access the quick buy feature. Also, remember to double-check the seller’s details before making payments to avoid loss of funds.
Fees When Buying Bitcoin and Crypto Using Emirates NBD
Additional fees may apply when buying Bitcoin and crypto on Binance using the card funding or bank/fiat transfer option. Also, Emirates NBD may add foreign currency conversion fees if the transaction is in a non-AED country. However, peer-to-peer trading with Emirates NBD is typically free on Binance. Still, you must review Emirates NBD’s transaction fee policy to be on the safer side.
About Emirates NBD
Emirates NBD is a leading banking group in the UAE, offering lots of digital services, including personal banking, loan collection, and international transfers. Its simple interface and well-stacked features make it a top banking choice for everyone in the UAE. Also, Emirates NBD is supported by crypto exchanges like Binance as a payment pathway for crypto buying and selling.
Bottom Line
Emirates NBD offers multiple ways to buy Bitcoin and crypto through cards, bank transfers, and P2P trading on exchanges. By following the steps above, you can buy any cryptocurrency at reasonable rates within minutes. Always check if there are extra fees before initiating a trade on Binance and the like.
