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.
As previously mentioned, you cannot currently invest in digital assets with Mashreq Bank. The best way to buy crypto with Mashreq is by sending your funds to a secure, regulated and licensed cryptocurrency exchange like Bybit and buying them directly there. If you're interested in learning more about this platform, visit our Bybit Review.
How to buy Crypto with Mashreq Bank
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. Follow the below guide 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'.
Mashreq Banks Cryptocurrency Policy
At the core of Mashreq's cryptocurrency policy is a belief in the potential benefits that blockchain technology can offer. The bank recognises the value of decentralised digital currencies, and acknowledges their potential to improve efficiency, reduce costs, facilitate global transactions, and increase transparency in various industries.
However, the bank has put in place a number of safeguards to protect its customers and ensure that they are able to safely transact with digital currencies. These includes requiring all crypto transactions to be confirmed by a phone call or email from the customer prior to making a purchase, and requiring additional verification for large transactions.
Overall, Mashreq's cryptocurrency policy demonstrates its commitment to staying at the forefront of innovation in financial services, while also ensuring that its customers can engage safely and securely with emerging technologies like blockchain and cryptocurrencies.
Is it risky to invest in digital assets?
Some of the key risks associated with buying cryptocurrencies include high volatility, lack of regulation, and potential for fraud or loss. First and foremost, one of the biggest risks associated with digital assets is their extreme price fluctuations. Cryptocurrencies are extremely volatile, meaning they can experience periods of rapid growth or decline at any time, often without warning.
Additionally, cryptocurrencies are largely unregulated, which means that investors have little recourse if something goes wrong or their investment is lost due to fraud or theft. There have been numerous cases in which investors have fallen victim to scams or been the target of hacking attacks, resulting in significant losses.
In saying that, Uphold is a highly regulated platform that has been operating for over 5 years, so in terms of platform security, your funds are always safe. Although, in terms of price-risk, this will depend on what digital asset you decide to invest in. Ultimately, the decision is up to you, but it's important to be aware of all the potential risks involved before investing in any token.