Can you buy crypto at Qatar National Bank (QNB)?
More and more people are asking me if it is possible to buy Bitcoin from Qatar National Bank. Unfortunately, I have to disappoint you: Qatar National Bank does not yet offer crypto services. However, you can still use your bank balances to invest in crypto; in this article, I explain how this works!
How to buy crypto with QNB?
Step 1: open an account with a crypto exchange
You need an account with a crypto exchange to invest in Bitcoin at Qatar National Bank. The overview below shows you directly which exchanges you can join:
| Brokers | Information | Register |
|---|---|---|
 | Trade in Bitcoin & other cryptos! Try for free with a demo & deposit money with QNB after. eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. |
New users can test the features at many exchanges for free with a demo. With a demo, you can evaluate your strategy without putting your money at risk.
Step 2: depositing money with QNB
Most crypto exchanges require you to verify your account before you can deposit any funds. You do this by completing the following steps:
- Upload a copy of your passport
- Upload proof of your address
- Answer the questions on your asset position
- Answer the questions about your trading experience
After your account is verified, you can deposit money directly from your bank account at Qatar National Bank.
Step 3: buy crypto with QNB
Select the crypto you want to buy within the platform and then enter the amount you would like to invest. With most crypto exchanges, you invest in dollars, but this can sometimes be another currency. Press buy to send the order to the crypto exchange.
You can also send your crypto to an external wallet. An external wallet is not under the direct control of the crypto exchange, which means you won’t lose your funds in case of bankruptcy. It is always wise to select a reliable exchange to lower the chances of losing your deposit.
What is QNB’s stance on crypto?
Like many other banks in the region, Qatar National Bank has not published a written crypto policy. However, Qatar’s government is not anti-crypto and the bank is therefore not required to block transactions to known crypto exchanges. Investing in crypto with your bank account at QNB should therefore not pose any problems.
Is it wise to buy Bitcoin?
Many visitors to this website wonder whether it is wise to buy Bitcoin & other crypto. Unfortunately, I cannot answer this question, as it depends to a large extent on your personal financial situation.
In any case, it is important to take into account the high level of volatility. When you actively trade crypto, this can be advantageous as you can speculate on both rising and falling prices. For long-term investors, timing becomes essential: if you invest at the top, you lose a hefty amount.
In any case, crypto investments are very complex and require enough knowledge & experience. Therefore, study the risks of crypto investments well before buying crypto using your bank account with QNB.
About Qatar National Bank
QNB is a multinational bank headquartered in Doha. Founded in 1964, the bank operates in 31 countries across three continents. The bank is partly government-owned and partly owned by private investors.
Qatar National Bank manages over $300 billion in assets, making it a major bank in the region. There are 29,000 employees at the bank, which makes it an important player within the country as well.
The bank was involved in a major data leak in 2016. The leak exposed, key people and organizations including MI6.
Can you buy Bitcoin at Qatar National Bank?
You can definitely buy Bitcoin with your bank account at Qatar National Bank without any problems. Follow the 3 steps in this article to invest in your favourite crypto right away! Do plenty of research, though; many private investors lose money by investing in crypto.
Auteur
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.
