How to buy crypto (Bitcoin) at the National Bank of Oman?
Crypto is also on the rise in Oman: more and more people own crypto there. By following the steps in this manual, you can invest in the most popular cryptocurrencies at the National Bank of Oman without any problems. In this guide, you will learn how to invest in crypto within 3 simple steps.
How to buy crypto with National Bank of Oman?
Step 1: open an account with a crypto exchange
A crypto exchange allows you to trade Bitcoin & other crypto. The table below shows you directly which parties you can use to buy crypto with your National Bank of Oman account:
|Trade in Bitcoin & other cryptos! Try for free with a demo & deposit money with Bank of Oman after. eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.|
It may be wise to first try the possibilities with a free demo. More and more crypto brokers offer a demo account that allows you to try crypto investing without risk.
Step 2: deposit money with National Bank of Oman
Before you can start trading crypto, you must first deposit funds using your National Bank of Oman bank account. Processing a transaction often takes several working days. It is important to use a bank account that is in the same name as your crypto account.
Step 3: buy crypto with National Bank of Oman
After the money arrives in your account, you can immediately buy crypto using your bank account with the National Bank of Oman. You can choose between more than a thousand crypto coins these days, but by no means are all of them are equally relevant. Some crypto coins have no underlying plan and have only increased in value because of a strong marketing campaign.
When you are sure which crypto you want to buy, you can select it within the trading platform, enter the amount you would like to invest and press buy to send the order to the exchange.
At times of high volatility, it can sometimes take a while to find a seller. With a limit order, you avoid paying a higher price.
What is National Bank of Oman’s crypto policy?
Oman’s government does not yet have a clear crypto policy, but has warned its residents about the risks of crypto. The National Bank of Oman has also not published an explicit crypto policy, meaning that as a customer of the bank, you can conduct crypto transactions through an exchange without any problems.
About National Bank of Oman
The National Bank of Oman (NBO) was established in 1973 and was the first local bank in the country. Meanwhile, the bank has 60 branches and more than 170 ATMs in the country. The bank also has an international branch in Dubai and Abu Dhabi.
Can you buy Bitcoin at National Bank of Oman?
The National Bank of Oman unfortunately does not sell Bitcoin itself, but this does not need to stop you. You can link your bank account with National Bank of Oman to a reliable crypto exchange without any issues. However, it is important to analyse the market extensively; that way, you avoid investing in ‘crypto scams’.
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.