Key takeaways
- Users in the United Arab Emirates can deposit and withdraw AED to their Crypto.com accounts without Crypto.com fees.
- AED Fiat Wallet enables fast and secure funding for cryptocurrency purchases.
- Bank transfers are supported by Standard Chartered, a leading international banking partner.
Simple, commission-free AED transactions*
Crypto.com has launched AED Fiat Wallet, providing UAE users with a convenient option to deposit and withdraw UAE dirhams (DEA). Users with UAE phone numbers can now access this feature to quickly and securely fund their accounts for cryptocurrency transactions. Deposits from UAE bank accounts are free at Crypto.com, although users may incur charges from their own banks or brokers.
“The United Arab Emirates 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 your local currency is a huge regional milestone and something we’ve been working on for a long time. The launch of this new wallet is made possible thanks to our global banking partnership with Standard Chartered that we announced in August, along with the valuable and ongoing support from VARA, which allows us to continue our expansion in the UAE. We are extremely focused on offering our customers a world-class seamless experience and at its core, that includes ease of deposits and withdrawals, allowing our customers to interact with our products and services as flexibly as possible. “This is just another way we serve our UAE customers, as we continue our mission to remove barriers to entering the cryptocurrency market.”
—Tarik Erk, CEO MEA of Crypto.com
AED Fiat Wallet is powered by Standard Chartered, ensuring reliable and efficient banking services for transfers.
How to set up your Fiat AED wallet
Setting up the wallet is simple:
- Open the Crypto.com app and navigate to Deposit > Fiat > Set up new currency > UAE Dirhams.
- Use the deposit details provided to complete a transfer from your bank account.
For additional details, users can refer to the Help Center within the app.
The final result
AED Fiat Wallet offers UAE users a simplified and secure method to fund their accounts, making cryptocurrency trading more accessible. Backed by a trusted banking partner, the wallet ensures that users can enjoy a hassle-free experience while managing their funds.
(*Crypto.com does not charge fees for AED deposits, although users’ banks may impose charges.)
