How to Buy Crypto with Mashreq Bank

How to Buy Crypto with Mashreq Bank

Explore how to use your Mashreq Bank account to dive into cryptocurrency. Learn about safe options for transferring AED to reliable third-party exchanges.

Leveraged and speculative product. Not suitable for all investors. You should consider whether you can afford to take the high risk of losing your money. Capital is at risk.

Summary: Mashreq Bank doesn't provide direct options for cryptocurrency trading through its online or mobile platforms. Nevertheless, customers can delve into the world of digital assets by transferring Emirati Dirhams (AED) from their accounts to a verified third-party exchange. 

After careful analysis, we recommend eToro as the top option for Mashreq users. Regulated by elite global authorities like the FCA and CySEC, eToro ensures a secure and streamlined platform for AED deposits from any UAE-based bank. This platform opens access to over 3,000 assets, encompassing cryptocurrencies, stocks, and ETFs.

Top Crypto Platform for Mashreq Bank
5.0 out of 5.0 by Datawallet
eToro stands out as the optimal platform for Mashreq Bank customers due to its stringent adherence to global regulatory standards, secure AED deposit options, and a broad selection of over 3,000 financial assets.
Licensing & Regulation
The FCA, CySEC, ASIC and other Tier-1 Regulators.
Available Assets
3,000 Stocks, ETFs, Commodities and more.
Deposit Methods
Bank Transfer, Debit Card, Credit Cards, PayPal and more.

Content Guide

Can I Buy Crypto with Mashreq Bank? 

Yes, you can purchase Bitcoin, Ethereum, and various other digital assets using your Mashreq Neo bank account or debit card. To get started, you'll need to sign up with a trustworthy cryptocurrency exchange in the UAE and accepts deposits in AED. Mashreq Bank doesn't directly manage crypto transactions, so choosing an exchange regulated by the Abu Dhabi Global Market (ADGM) Authority, or a similar regulatory body, to ensure a safe and reliable investment experience.

How to Buy Bitcoin and Crypto with Mashreq Bank

If you want to purchase Bitcoin or other cryptocurrencies using your Mashreq Bank account, the best approach is through a certified exchange platform. For a seamless and secure experience, we strongly recommend eToro. Not only is eToro compatible with Mashreq for easy AED deposits, but it also adheres to stringent regulations set by leading global authorities. The platform offers a wide selection of over 3,000 assets and competitive trading fees.

Here's a simple, step-by-step guide to buying crypto with your account:

  1. Create an account on eToro and complete the verification process.
  2. Navigate to the 'Deposit Funds' button, which you'll find at the bottom left of your screen.
  3. Select 'AED' for your currency, choose your preferred payment method, and initiate a transfer from your account.
  4. Once your deposit has been processed, use the search bar to find and buy your desired digital currency.
Buy Bitcoin and Crypto with Mashreq

What Are the Fees?

If you're using Mashreq Bank to get into the exciting crypto world, you'll want to know about any fees you might run into. You could face charges for transactions, for the spread (the difference between what you can buy and sell an asset for), and for putting money in or taking it out of your account.

If you're considering a budget-friendly way to step into crypto, eToro is a solid pick. With Mashreq Bank, you can easily transfer your AED using straightforward options like a bank transfer or a debit card. eToro's fees are pretty reasonable, too. They have a spread fee that usually hangs around 1%, making it a more affordable option than other platforms like Coinbase, where the spread fee can be a bit higher.

Is Mashreq Bank Crypto-Friendly?

Mashreq Bank supports its customers' entry into the cryptocurrency market by allowing transactions to exchanges that are regulated by the Abu Dhabi Global Market (ADGM) Authority, as well as other high-tier global regulators. This policy ensures that customers can efficiently and safely transfer AED from their accounts to platforms that conform to global and regional regulatory standards. This serves as an effective safeguard against potential financial risks like fraud and money laundering.

So, when transacting with these ADGM-regulated exchanges, Mashreq clients can step into the cryptocurrency space with increased assurance, fortified by rigorous security measures and a solid commitment to regulatory compliance. This robust framework is crucial in cultivating trust among those beginning their cryptocurrency investment journeys.

Mashreq Bank

Bottom Line

In summary, while Mashreq Bank doesn't directly offer cryptocurrency trading, it does enable customers to securely transfer AED to trusted third-party exchanges. Among these, eToro comes highly recommended due to its strong regulatory framework and extensive asset offerings. If you're a Mashreq Bank customer eyeing the cryptocurrency space, this bank's compatibility with ADGM-regulated platforms like eToro provides a safe and efficient entry point. The moderate fee structure and wide asset variety make eToro a compelling choice for your crypto investment needs.

Frequently Asked Questions

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