Summary: If you're a Rakbank customer interested in buying cryptocurrencies like Bitcoin and Ethereum, we recommend registering with regulated platforms like eToro and Uphold. They are beginner-friendly, offer hundreds of digital assets and are super easy to use even for total beginners. The registration process only takes 2 minutes and you can then securely deposit funds from your Rakbank account and begin buying cryptos like BTC, ETH, SOL, ATOM, ADA, DOGE and many others!
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Although Rakbank does not sell cryptocurrencies on their banking platform, their customers can still use their Rakbank account to buy digital assets via third-party providers.
This can be achieved by connecting their Rakbank account or linking their credit or debit card to a regulated cryptocurrency exchange such as eToro or Uphold.
To begin investing in cryptocurrencies, the first step is to register with a safe and regulated exchange such as eToro or Uphold, both of which we recommend due to their user-friendliness and extensive range of 100s of cryptocurrencies.
It is important to note that signing up is quick and free of charge. After completing your registration on either of these platforms, you can proceed to connect your Rakbank account and make your initial deposit to your new account.
Once you have your funds in your account, you can start investing in a wide range of cryptocurrencies, including popular coins like Bitcoin, Ethereum, Solana, and many others.
1. Create Account: Signup and add your identity verification.
2. Deposit Funds: Via your Rakbank account or credit card/debit card.
3. Start Buying: Once your deposit has arrived in your account.
Rakbank offers its customers convenient access to a range of conventional banking services but does not sell or offer any products or services that pertain to the cryptocurrency industry.
Despite this, Rakbank's customers have the option to register with regulated cryptocurrency exchanges where they can safely and securely deposit funds in order to buy cryptocurrencies like Bitcoin and Ethereum.
Customers of Rakbank are permitted to use their debit or credit cards to deposit fiat currencies such as AED, USD, and EUR into regulated cryptocurrency exchanges.
We highly recommend that you opt for regulated exchanges in order to avoid any potential issues that may arise during deposit or withdrawal of funds.
While Rakbank does not provide any specific crypto-related services, it is still regarded as a cryptocurrency-friendly bank due to its openness to regulated third-party exchanges.
Rakbank account holders have the flexibility to connect their bank accounts or link their debit cards to these exchanges to facilitate the buying and selling of cryptocurrencies.
Additionally, Rakbank has not been known to impose limitations on deposits and withdrawals from these exchanges, further demonstrating its crypto-friendliness.
Rakbank, also known as the National Bank of Ras Al Khaimah, is a leading retail bank in the United Arab Emirates (UAE). Established in 1976, the bank initially started its operations from a small branch in Ras Al Khaimah.
Today, it has become one of the most prominent banks in the country with its diverse range of products and services. Rakbank is known for its customer-centric approach, reliable banking services and innovative financial solutions.
The bank offers a wide range of retail and business banking products and services such as savings accounts, current accounts, credit cards, loans, wealth management, insurance, and much more.
Rakbank had a total customer base of around 1,000,000 customers across the UAE. The bank has been expanding its presence across the country, with over 38 branches and 282 ATMs in major cities and towns like Dubai, Abu Dhabi, Sharjah, and Ras Al Khaimah.
Rakbank is committed to delivering world-class banking services to its customers and has received many awards and recognitions for its banking excellence. In 2019, the bank was awarded the "Best Retail Bank in the UAE" at the Asian Banker Awards.
+3000 Cryptos, Stocks, ETFs
0% Fees on Stocks & ETFs
30M Users & 140 Countries
Regulated & Safe Platform
