thenewscrypto.com
- Crypto.com users are provided with a quick and safe method to fund their accounts for crypto purchases.
- Users are limited to a maximum of 40,000,000 AED every month.
- Users who have a phone number in the United Arab Emirates may now effortlessly deposit and withdraw AED into their Crypto.com account.
Crypto.com is pleased to announce that the AED Fiat Wallet is now accessible to users in the United Arab Emirates. In order to purchase and sell cryptocurrency, users who have a phone number in the United Arab Emirates may now effortlessly deposit and withdraw AED into their Crypto.com account. Users are provided with a quick and safe method to fund their accounts for cryptocurrency purchases via the use of the AED Fiat Wallet, which has a straightforward setup procedure.
With the launch of the new AED Wallet, customers of Crypto.com in the United Arab Emirates are now able to purchase and sell cryptocurrency while making deposits and withdrawals in AED with lightning speed. Deposits of AED made from bank accounts in the United Arab Emirates are exempt from fees!*
Through our reliable international banking partner, Standard Charted, we are able to provide support for the AED Fiat Wallet. Additionally, there is a minimum deposit requirement of 10 dirhams (AED), and the maximum amount that may be deposited is 4,000,000 AED per transaction or daily, whichever amount is achieved first. Users are limited to a maximum of 40,000,000 AED every month.
Tarik Erk, General Manager MEA at Crypto.com stated:
“The UAE is a vital market for us, so being able to offer our loyal Crypto.com App customers here the ability to deposit and withdraw in their local currency is a massive regional milestone and something we’ve been working towards for a long time. This new wallet launch is made possible through our global banking partnership with Standard Chartered which we announced in August, alongside the ongoing and valued support of VARA, which enables us to continue our expansion across the UAE.
We’re extremely focussed on offering our customers a seamless world-class experience and, at its very core, that includes ease of deposits and withdrawals – enabling our customers to interact with our products and services with as much flexibility as possible. This is just another way we’re serving our UAE customers, while continuing our mission to remove barriers to entering the cryptocurrency market.”
Instructions on How to Set Up an AED Fiat Wallet
- Tap Deposit > Fiat > Set Up New Currency > UAE Dirhams on the home screen.
- When you want to begin a transfer from your bank account, use the information that is presented for the deposit.
You may get further information on the AED Fiat Wallet by checking the Help Centre.
Not using the Crypto.com app? You can easily start trading by downloading the Crypto.com app.
*Crypto.com does not charge any fees for deposits. Nevertheless, users’ banks and/or their intermediate banks may impose costs, and users are responsible for paying any and all fees that may be incurred as a result of such levies.