- Crypto.com allows for seamless AED deposits and withdrawals in the UAE.
- Users can deposit up to 40 million AED every month, with no costs.
As a researcher with extensive experience in the digital currency and banking sectors, I am thrilled to witness Crypto.com’s latest move towards regional dominance – the introduction of the AED Fiat Wallet for UAE users. Having lived and worked in the Middle East for several years, I can attest to the importance of local currency support for seamless user experience, and this new feature undoubtedly simplifies cryptocurrency adoption for UAE residents.
As a researcher, I’m excited to share that I recently participated in the launch of a new AED Fiat Wallet by Crypto.com, designed specifically for users residing in the United Arab Emirates. This innovative feature allows users to swiftly deposit and withdraw AED in a secure manner, facilitating their crypto purchases. This move is expected to improve the user experience significantly for our UAE-based customers, as they can now easily fund their Crypto.com accounts using their local currency, making transactions more seamless and accessible.
As an analyst, I’m excited to share that with the introduction of the AED Fiat Wallet, users now have a straightforward and convenient way to manage their deposits and withdrawals in AED when trading cryptocurrencies. This wallet offers fee-free AED deposits directly from UAE bank accounts, enhancing its accessibility for our valued users. However, it’s important to note that if any transactions encounter fees from banks or intermediary banks, these charges will be the responsibility of the user.
Simplifies AED Deposits for UAE Users with New Wallet
The minimum deposit into an AED Fiat Wallet is just 10 AED, while the maximum transaction per transaction or per day, whichever comes first, can reach up to 4,000,000 AED. The company has permitted monthly deposit limits to reach 40,000,000 AED. This new functionality is supported by Crypto.com through its partnership with a global banking partner, Standard Chartered, for smooth transactions for its users in the UAE.
Tarik Erk, the general manager of Crypto.com in the Middle East and Africa, expressed great enthusiasm regarding the upcoming launch. He emphasized the importance of the UAE market, stating that this new wallet represents a significant regional achievement for us. By offering our customers an effortless experience, we are edging closer to our goal of eliminating obstacles in cryptocurrency adoption, Erk noted.
Setting up the AED Fiat Wallet on the Crypto.com app is quite straightforward. To get started, simply tap “Deposit Fiat,” then select “Set Up New Currency” and choose “UAE Dirhams.” From there, you can conveniently transfer funds from your UAE bank accounts.
Crypto.com has persistently improved its services for United Arab Emirates customers, solidifying its position as a robust crypto transaction platform within the regional market.
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2024-12-16 18:45