How to Buy Crypto with Mashreq Bank (2023)

Summary: Unfortunately, Mashreq does not support the investing or trading of digital assets directly through its online banking platform. The only way to buy cryptocurrencies with Mashreq is by using a third-party cryptocurrency investing platform.

The most secure and reliable cryptocurrency exchange in the UAE is Bybit. Bybit is one of the few cryptocurrency investing platforms that do not require KYC (identity verification) to deposit, trade and withdraw funds from its platform. It has over 10 million users globally and can be used in 30 languages including Arabic.

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Website

Bybit - Mashreq Bank

5.0 out of 5.0 by Datawallet.

Bybit is the world's largest and most trusted no-KYC crypto exchange for spot trading and futures. Their platform offers low fees, over 400 cryptos and derivatives trading with up to 100x leverage.

Available Markets

Spot Trading, Futures Trading, Options Trading & More for 400+ Coins and 2000+ pairs.

Proof-of-Reserves

Yes - Bybit have an Audited proof-of-reserves showing customer balances backed 1:1.

Deposit Methods

Bank Transfer, Cryptocurrency, Debit Card, Credit Card, PayPal and more.

Can you Buy Crypto with Mashreq Bank?

Yes, Mashreq Bank provides its customers with the opportunity to invest in cryptocurrencies like Bitcoin and Ethereum through supported cryptocurrency exchanges that are regulated and available to investors in the UAE. Investors can link their Mashreq Bank accounts to these platforms to purchase or sell cryptocurrencies

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How to buy Crypto with Mashreq Bank

As outlined above, if you want to buy cryptocurrencies like Bitcoin and Ethereum with Mashreq Bank, we recommend using Bybit. Bybit allows Mashreq Bank account holders to deposit funds to their exchange via Bank Transfer, Credit Card or Google Pay.

You can follow the simple guide below to get started.

Sign Up: Create a free account on Bybit and complete the onboarding processes.
Deposit Funds: Click 'Buy Crypto', then 'One-Click Buy' and select 'AED' as your currency.
Find Token: Pick a method and the cryptocurrency you want to invest in.
Buy Crypto: Input the amount you want to purchase and tap 'Buy'.

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Mashreq Banks Cryptocurrency Policy

Mashreq Bank does not have a specific ban on cryptocurrency purchases and allows its customers to invest in this asset class through supported and regulated cryptocurrency exchanges. Customers can link their bank accounts to these platforms to buy and sell cryptocurrencies.

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What is Mashreq Bank?

Mashreq Bank is a leading financial services institution in the Middle East, offering a wide range of products and services to individuals, businesses, and institutions across the region. Founded in 1967, Mashreq has been committed to providing innovative banking solutions that enable people to achieve their financial goals.

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Bottom Line

In conclusion, while Mashreq Bank does not support direct investing or trading of digital assets through its online banking platform, customers can invest in cryptocurrencies like Bitcoin and Ethereum through supported and regulated exchanges. Bybit is a secure and reliable cryptocurrency investing platform that allows Mashreq Bank account holders to buy and sell cryptocurrencies easily.

Author

Antony Bianco

Head of DeFi Research

Antony is a strong advocate of decentralized finance (DeFi) and is deeply entrenched in the Ethereum and Zero Knowledge Proof communities. He is a co-founder of Data Wallet and runs our day to day operations.