If you’re a crypto trader in the United Arab Emirates, one of the best ways of buying cryptos is through the Emirates NBD Bank. You can easily buy cryptos by making a transfer through your Emirates NBD bank account at little to no fees to reputable exchanges for securely buying Bitcoin and other cryptos.
Below is a brief overview of the two best crypto exchanges to buy cryptos with Emirates NBD Bank and comprehensive step-by-step guidelines to help you complete your purchase.
1. OKX P2P
We recommend OKX as the best crypto exchange for buying cryptos with Emirates NBD Bank. With over 50 million users, OKX is undoubtedly one of the most trusted crypto exchanges in the world. Users can access over 350 cryptocurrencies including BTC, ETH, and USDT for active trading.
Furthermore, OKX offers one of the lowest trading fees in the crypto market. On the spot market, fees are as low as 0.08% for makers and 0.1% for takers while for futures trading, fees are set at 0.02% for makers and 0.05% for takers.
Another unique feature of OKX is its high leverage of up to 125x for derivatives and perpetual contracts. This allows users to maximize their profits during market fluctuations.
Lastly, one of the most reliable ways of buying Bitcoin and other cryptos on OKX for UAE traders is through the Emirates NBD bank as OKX fully supports the Arab Emirates Dollar (AED) for depositing and buying cryptos at low fees.
You can follow the step-by-step guidelines below to buy cryptos with Emirates NBD Bank seamlessly on OKX.
Step 1: Create and Verify your Account on OKX
Register on OKX using your email address or phone number. Then log in and verify your identity by uploading a government-issued ID and taking a live capture. This would enable you to buy cryptos seamlessly on the exchange.
Step 2: Go to the “Buy Crypto” Section
At the top left corner of the homepage, click “Buy Crypto”, then select “P2P trading”.
Step 3: Choose Emirates NBD Bank as your Payment Method
On the OKX P2P interface, choose your preferred crypto, then choose AED as your preferred currency for payment and enter the amount for purchase. Next, select Emirates NBD Bank in the Payment Methods tab as shown in the image below..
In the P2P trading window, below is a list of verified advertisers who also use Emirates NBD bank and can help you buy cryptos via P2P trading. Next, select your preferred advertiser and click Buy.
In the following window, you can also copy the advertiser’s bank details. Now, proceed to your Emirates NBD bank account to make the payment. After paying, return to your OkX account and click Payment Completed. Your cryptos will automatically be added to your account once your payment is verified.
2. Bybit P2P
Bybit also stands out as one of the largest crypto exchanges in the world, with over 25 million users in over 180 different countries.
Users have access to one of the best derivatives trading platforms in the world. The platform supports over 600 futures contracts with low trading fees and leverage of up to 100x on derivatives and perpetual contracts.
Trading fees are set at 0.1% for both makers and takers on the spot market, while for futures trading, charges are as low as 0.02% for makers and 0.055% for takers.
Bybit supports over 400 cryptos including BTC, ETH, and USDT. To buy Bitcoin and other cryptos securely with Emirates NBD bank, you can follo the comprehensive guidelines below.
1. Create an account on Bybit with your email address or phone number. Then, verify your identity by uploading a government-issued ID.
2. Log in to your Bybit account and click “Buy Crypto” at the top left corner of the homepage. Then, select ‘P2P trading’ from the dropdown menu.
3. On the Bybit P2P trading interface, select your desired crypto, choose AED as your preferred currency, enter the amount, and then select the preferred payment method. In this case, you’ll choose “Emirates NBD Bank” as your payment method.
4. Choose your preferred advertiser from the list below and click “Buy BTC.”
5. Copy the Advertiser’s payment details and proceed to your Emirates NBD Bank account to transfer.
6. Once you’ve made the transfer, return to Bybit to click “Payment Completed”. Your cryptos will be released to your account once your transaction is verified.
About Emirates NBD Bank
Emirates NBD Bank is is one of the leading banking groups in the UAE. It is one of the largest banking groups in the Middle East in terms of assets and operates in multiple countries.
They offer a wide range of banking and financial services, including retail banking, corporate banking, private banking, asset management, and investment banking. The bank serves individuals, businesses, and government institutions, providing various products and services tailored to their needs.
Nowadays, the Emirates NBD Bank is being incorporated into popular crypto exchanges to facilitate crypto purchases for crypto traders and investors in the UAE.
Final thoughts
In conclusion, using Emirates NBD bank to buy cryptocurrencies through reputable crypto exchanges like OKX or Bybit is an easy and convenient option for traders and investors. OKX and Bybit allow you to use your Emirates NBD account to easily deposit money and start buying cryptocurrencies. This simple process removes the need for complicated transactions or middlemen, making it easy for both novice and experienced traders.
However, we recommend OKX as the best crypto exchange for buying Bitcoin and other cryptos with Emirates NBD Bank as it offers seamless transactions and one of the lowest trading fees in the crypto market.
