How to buy crypto (Bitcoin) from Ahli United Bank (AUB)?
Are you considering buying Bitcoin & other crypto with your bank account at Ahli United Bank? Follow the 3 steps in this article & invest in your favourite cryptocurrencies in an instant!
How to buy crypto with AUB?
Step 1: open an account with a crypto exchange
Ahli United Bank does not offer crypto at the time of writing. You therefore need to link your bank account to a reliable crypto exchange:
|Trade in Bitcoin & other cryptos! Try for free with a demo & deposit money with AUB after. eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.|
You can try the possibilities at some crypto exchanges without risk with a free demo. This allows youto test different strategies.
Step 2: deposit money with AUB
After you open an account, you can directly deposit funds using your bank account with Ahli United Bank. Kindly note that it may take several working days for your transaction to be processed.
Step 3: buy crypto with Ahli United Bank
You are now all set to buy crypto using your bank account with Ahli United Bank. Take your time to compare different cryptocurrencies. Not every crypto is equally successful, and the price of a cryptocurrency can collapse.
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 crypto exchange.
Keep in mind that it may take a few seconds to minutes for the order to be fully processed. Especially in times of high volatility, it may take longer for the crypto transaction to be processed.
What is AUB’s crypto policy?
AUB has recently published a warning about the security risks of investing in crypto. Despite the bank not being a fan of crypto because of these risks, it does not block customer transactions.
Bahrain’s government takes a positive view of crypto and blockchain technology. The government has established clear rules around monitoring requirements so that money laundering can be curbed.
About Ahli United Bank
Ahli United Bank (aka AUB) is Bahrain’s largest regional bank. Headquartered in Manama, the bank now operates in more than eight countries. Its shares have been tradable on the Bahrain Stock Exchange since 2000 and on the Kuwait Stock Exchange since 2006.
The bank manages more than $35 billion in assets at the time of writing and employs about 4,000 people. Through Ahli United Bank K.S.C.P., the bank offers Islamic banking, which is quite popular in the region.
Can you buy Bitcoin at Ahli United Bank?
Unfortunately, it is not possible to buy Bitcoin & other crypto at Ahli United Bank. However, it is possible to connect your bank account directly to a crypto exchange of your choice. At the beginning of the article, I show some exchanges you can consider. Always keep the risks in mind though, as you can lose a large part of your investment when trading crypto.
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.