Buying bitcoin & other crypto at Bank Dhofar
Bank Dhofar does not yet offer crypto, but you can still use the funds in your bank account to invest in crypto without any problem. It is possible to link your bank account to a reliable crypto exchange.
How to buy crypto with Bank Dhofar?
Step 1: open an account with a crypto exchange
The overview below shows which crypto exchanges you can link your bank account to at Bank Dhofar:
|Trade in Bitcoin & other cryptos! Try for free with a demo & deposit money with bank Dhofar after. eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.|
Take your time to compare the exchanges; that way you will discover which one fits your needs.
Step 2: deposit money with Bank Dhofar
After going through the verification steps, you can directly deposit funds from your bank account at Bank Dhofar to the crypto exchange. Keep in mind that crypto exchanges sometimes charge conversion fees for exchanging one currency to another.
Step 3: buy crypto at Bank Dhofar
After the money arrives in your bank account at Bank Dhofar, you can immediately buy your favourite crypto. To do so, enter the amount you want to invest and press buy to send the order directly to the crypto exchange.
It is important to pay sufficient attention to the security of your account:
- Choose a strong password and apply 2fa to keep hackers out
- Don’t tell anyone about your crypto investments; that way, you won’t attract wrong attention.
- If necessary, send your crypto to an external wallet
Evaluate your investments regularly. You can sell your position at any time and transfer the money back to your bank account at Bank Dhofar.
What is Bank Dhofar’s crypto policy?
Bank Dhofar is genuinely interested in crypto and the blockchain. For example, the bank has joined the Ripple network, which allows the bank to simplify international payments.
The fact that Bank Dhofar is crypto-friendly is good news for crypto investors. After all, as an account holder at Bank Dhofar, you can transfer money to a reputable crypto exchange and invest in Bitcoin that way without any problems. I would not be surprised if Bank Dhofar is one of the first banks in the region to start offering crypto services.
Can you buy Bitcoin from Bank Dhofar?
You can definitely buy Bitcoin & other crypto from Bank Dhofar, but you will need an account with a crypto exchange to do so. You can link your crypto exchange to your bank account with Bank Dhofar without any issues. In this guide, you will learn how to buy Bitcoin with Bank Dhofar within 3 easy steps, scroll up to get started right away.
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.