How to Buy Crypto with First Abu Dhabi Bank
Summary: While First Abu Dhabi Bank doesn’t offer crypto trading on its own platform, you can easily use your account to buy crypto using a third-party cryptocurrency trading platform.
There are plenty of crypto exchanges to choose from, we recommend using eToro as the exchange to work with.
They have most of the popular cryptocurrencies available, are easy to work with, and have fantastic support!
Buy Crypto with eToro
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As mentioned above, just like most banks, First Abu Dhabi Bank doesn’t offer cryptocurrency trading directly, as setting up a cryptocurrency exchange is quite complex and comes with regulations and extra requirements for the banks.
Luckily for us, there are plenty of crypto exchanges to choose from that you can use to buy bitcoin or any other cryptocurrency you might want.
Once signed up to an exchange (we’ll be using eToro for our example as it’s a widely trusted and global exchange), you can simply transfer funds from your bank account to the exchange, and trade it for crypto.
Table of Contents
How to buy crypto or bitcoin with First Abu Dhabi Bank
There are only 4 steps involved, let’s get started!
1. Choose a crypto trading platform
As mentioned above, we’ll be using eToro for this guide as they are a widely used exchange and have over 50 cryptocurrencies to choose from. They also have a few really neat features like “Copy Trading”, which enables users to copy the trades of popular investors on the platform.
You can, of course, use any trusted crypto exchange for this, the steps will be very similar for most exchanges.
Let’s get started!
2. Sign up with the trading platform
The first thing to do is to sign up with the platform.
Once you’ve completed the initial sign up process, you’ll have to go through a quick verification process (also known as KYC).
3. Funding your account
Next up is funding your account. When it comes to depositing money to your eToro account, you have the option to use a bank transfer, PayPal, credit/debit card, and more.
4. Buy crypto
Finally, just go to the eToro Markets section, find the cryptocurrency you would like, and buy it.
And that’s it, it’s all pretty straightforward, now you know how to buy bitcoin or most other cryptocurrencies with First Abu Dhabi Bank.
About First Abu Dhabi Bank
First Abu Dhabi Bank (FAB), is the United Arab Emirates' largest bank. It was created by a merger of First Gulf Bank (FGB), and National Bank of Abu Dhabi.
FAB provides financial products, services and solutions through its Corporate and Investment Banking franchises and Personal Banking franchises.
The bank is headquartered in Abu Dhabi, Khalifa Business Park. It has presence on five continents: Asia Pacific, Europe, Americas and Middle East, Africa (EAMEA), and Asia Pacific (APAC).
First Abu Dhabi Bank was created as a result a merger between FGB & NBAD. The merger was approved by the shareholders on 3 July 2016 by the UAE banks. The respective shareholders approved the transaction on 7/12/2016. FGB shareholders received 1.254 NBAD shares per FGB share. In April 2017, First Abu Dhabi Bank (FAB), the UAE's largest banking institution, was created by the merger.
FAB's brand identity was launched. It combined the identities of 'Abu Dhabi and 'First,' FGB and NBAD. The First Abu Dhabi Bank (FAB), name reflects both banks' roots in the region. F.A.B was adopted by the bank in its logo. It also includes the "Awwal (First) brand mark, which is enlarged to symbolize growth and leadership.
The bank's international expansion began in 2019 with operations in Saudi Arabia.
The Bank's net profit decreased from AED 12.5 Billion in 2019 to AED 10.6 Billion in 2020.
Hana Al Rostamani was appointed group chief executive officer in January 2021. The company reported that its net profits reached US$ 3.4 Billion at the end of 2021. This is 19% more than in previous years.
Global Finance ranked FAB as the UAE's safest and most reliable bank.
FAB was ranked #109 in assets by Banker's Top 1000 World Banks 2020 List. This list is based on Tier 1 capital.
FAB was also ranked 4th in the Arab World and 303rd globally by Forbes' annual ranking of the 2000 largest public companies in the world.