A lot of independent traders and individuals, like you and me, who move to Dubai in order to continue trading and investing in crypto markets find it confusing to find the proper ways of buying and selling cryptocurrencies. Emirates NBD is one of the top banks in the UAE, and a lot of our users keep looking for ways to buy crypto using Emirates NBD bank accounts.
In this guide, I will share many details that will help you with crypto trading in the UAE and might assist you in discovering crypto-friendly banks and structures in the UAE. I will also be sharing some workarounds on how you can buy and sell crypto using your Emirates NBD bank account.
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Before I share some solutions and do read comments for suggestions from other users. Lets look at the challanges and why is it happening.
The hard truth about Emirates NBD bank and Crypto exchanges (As per Reddit)
Well often when you wish to open a personal Emirates NBD account for crypto trading income, the sales representative will open the account but eventually compliance department will close the account. This is specially true when your income volume increases and it could no longer be treated as personal income.
Here is a story of a Individual trader:
Another Redditor replied by saying
The best way to solve such a situation is by
Opening a business under crypto trading license
Open a business bank account
Pay yourself your salary and dividend
Now this do sounds like the best way to run a legit personal crypto trading and investing business in UAE, but many are freelancer and looing for some easy to use solutions.
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