Can you buy crypto at ABC (2023)?
More and more Arabic Banking Corporation customers are looking for ways to buy crypto. In this guide, I will show you how to buy Bitcoin & other crypto using your bank balances with ABC.
How to buy crypto with ABC?
Step 1: open an account with a crypto exchange
The table below shows you directly at which crypto exchanges you can invest in crypto using your bank balances with ABC:
|Trade in Bitcoin & other cryptos! Try for free with a demo & deposit money with ABC after. eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.|
It may be wise to open accounts with several crypto exchanges. That way, you can experiment with the possibilities and discover which exchange suits you best.
Step 2: deposit money with ABC
In some cases, you need to verify your crypto account first. You verify your crypto account by uploading a copy of your passport and proof of address. After these documents are processed, you can directly deposit money from your bank account at ABC.
Step 3: buy crypto with ABC
Most of ABC’s clients invest in Bitcoin, but of course you can also invest in another cryptocurrency. For example, both Ethereum and Solana are popular alternative crypto investments that come with new features.
When you are sure which crypto you want to buy, you can select it directly within the trading platform. Enter the amount you want to invest and press buy to send the order to the crypto exchange.
Are you no longer happy with your investment? You can sell the crypto at any time and transfer the money back to your bank account at ABC.
What is ABC’s stance on crypto?
ABC does not have a stated crypto policy. It is good to know that the bank does not block crypto transactions. Therefore, when you open an account with a reliable exchange, you can invest in Bitcoin and other cryptocurrencies without any problems.
About Arabic Banking Corporation
Arabic Banking Corporation is also known as ABC and is based in Bahrain. The bank was founded in 1980 and manages nearly $30 billion in assets. The bank offers various financial services including commercial banking, retail banking & Islamic banking.
Can you buy Bitcoin at ABC?
ABC does not offer Bitcoin & other crypto itself, but this does not make it impossible to invest in crypto using your bank account with ABC. By following the steps in this article, you can start trading crypto right away. Take enough time to compare different cryptocurrencies so that you make the right decision.
Over Alex Mostert
Already in 2015 I bought my first Bitcoins for roughly $300, only to sell them shortly after for $900. At the time I thought I benefited from the deal of the century, but I, of course, had no idea Bitcoin would become as popular as it is today. On this website, I want to teach everybody how to buy Bitcoin through their bank.