How to buy crypto (Bitcoin) at KFH?
Kuwait Finance House does not offer crypto services at the time of writing. However, by following the steps in this article, you can still invest in Bitcoin without any problem.
How to buy crypto with KFH?
Step 1: open an account with a crypto exchange
You need an account with a reliable crypto exchange to invest in Bitcoin with KFH. In the table below, you can see which crypto exchanges you can create an account with:
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Step 2: deposit money with KFH
Before you can deposit money using your bank account, you must first verify your account. You can verify your account by uploading the following documents:
- Copy of your passport
- Proof of address
Step 3: buy crypto with KFH
After depositing money into your crypto account, you can immediately start trading crypto. To achieve this, enter the amount you want to invest within the order screen: for example, $10 or $100. You can then send the order directly to the crypto exchange by pressing the buy button.
It is also worth noting that you can use a market or limit order:
- Market order: you then open the order directly at the prevailing price.
- Limit order: you open the order at a set price.
With orders, you have more control over how your crypto investment is executed.
What is KFH’s stance on crypto?
KFH believes it is important to properly inform customers about the risks of crypto. The bank even organized a seminar where it explained the risks of crypto investments to its customers. The bank stresses that because of the high level of volatility, it is essential to do sufficient research before considering a crypto investment.
Despite these warnings, KFH does not impose any restrictions on its customers. You can therefore use your bank account with KFH to invest in crypto at popular crypto exchanges without any problems.
About Kuwait Finance House
KFH or Kuwait Finance House was founded in 1977 and was the first bank to operate under Shariah rules. Its shares are listed on the KSE (Kuwait Stock Exchange) and the bank now manages more than $50 billion in assets.
The bank also operates in Bahrain, Saudi Arabia, Turkey and Malaysia. With 16,000 employees, the bank is an important player for the country’s economy.
Can you buy Bitcoin at KFH?
Unfortunately, Kuwait Finance House does not offer crypto services and does not currently plan to do so. Fortunately, by following the steps in this guide, you can simply link your crypto exchange account to a crypto exchange which will still allow you to buy crypto with the funds in your bank account. This makes crypto 100% accessible to all KFH customers.
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.