Buying Bitcoin & other crypto at Al Rayan (2023)
Al Rayan doesn’t sell crypto itself, but luckily this doesn’t have to stop you from becoming a crypto holder! By following the steps in this article, you’ll be buying Bitcoin & other crypto from Al Rayan in no time.
How to buy crypto with Al Rayan?
Step 1: open an account with a crypto exchange
The overview below shows which crypto exchanges you can link your bank account with Al Rayan to:
|Trade in Bitcoin & other cryptos! Try for free with a demo & deposit money with Al Rayan 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. This allows you to gain experience and discover which exchange suits you best.
Step 2: deposit money with Al Rayan
You can deposit funds using your bank account with Al Rayan to the crypto exchange. It normally takes several working days to process your first transaction. If you want to actively trade, it may be wise to deposit sufficient funds into your account. Depositing money with your credit card is not recommended, as the transaction costs can be quite high.
Step 3: buy crypto at Al Rayan
Since you can invest in hundreds of cryptocurrencies, it is wise to compare different options. For instance, you can read the white papers of the different projects. In a white paper, developers explain their vision for the future of the coin.
When you are sure you want to buy the crypto, you can send the order directly to the crypto exchange. To do this, enter the amount you would like to invest within the order screen and press buy to execute the order.
What is Al Rayan’s stance on crypto?
It is 100% legal to buy and own crypto in Qatar. As such, Al Rayan has not set up any restrictions that interfere with buying and selling crypto. Therefore, you can invest in your favourite crypto without any problems using your bank account with Al Rayan.
However, it is important to select a reliable crypto exchange. That way, you avoid losing a substantial amount of money because the owner of the exchange runs off with your money.
Can you buy Bitcoin from Al Rayan?
Yes and no. You cannot buy Bitcoin directly from Al Rayan, but with a small workaround, you can still invest in crypto using your bank account with Al Rayan. At the top of this article, you will find a detailed explanation to help you to start trading your favourite crypto!