Eligible Rakbank Islamic customers can buy, sell and hold Bitcoin through Bitpanda's regulated virtual asset trading platform directly from the Rakbank mobile app.

Rakbank Islamic Virtual Asset: Trade Bitcoin in AED

Rakbank Islamic Virtual Assets

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The links to the Bitpanda website are provided for informational purposes only. By accessing such links, you will be directed to a third-party website operated independently of Rakbank Islamic. Any products, services, content, activities or methodologies made available by Bitpanda outside the scope of the Bitcoin trading service offered through Rakbank Islamic are not offered, endorsed, approved or recommended by Rakbank Islamic.
The inclusion of, or access to, such links shall not be construed as Rakbank Islamic&rsquo;s endorsement, approval or participation in any product, service, activity or methodology that does not comply with Shariah principles. Rakbank Islamic accepts no responsibility or liability for any content, products or services made available independently through the Bitpanda website.

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<h5>To trade Bitcoin, you must meet the following criteria:&nbsp;</h5>
&nbsp;
<ul>
<li>Minimum age: 21 years</li>
<li>Residency: UAE resident</li>
<li>Income: Minimum monthly salary or declared income of AED 5,000+</li>
<li>Account requirement: An active Rakbank Islamic AED current or savings account</li>
<li>Compliance: Standard banking compliance checks apply </li>
</ul>
<h5>Eligibility for the Exclusive Tier </h5>
You can qualify for the Exclusive Tier by meeting the criteria for Elite banking or Salary transfer. 
Elite banking: &nbsp;
To become an Elite banking customer, you must meet at least one of the following criteria:&nbsp;
<ul>
<li>Monthly salary: AED 50,000+</li>
<li>Average total relationship balance: AED 350,000+</li>
<li>Home finance amount: AED 2.5 million+ <a href="/en/islamic/personal/everyday-banking/rakbank-for-you/rakislamic-elite/">Know more</a></li>
</ul>
Salary transfer: &nbsp;
To qualify as a salary transfer customer:&nbsp;
<ul>
<li>Minimum monthly salary of AED 5,000</li>
<li>Salary certificate</li>
<li>Labour contract <a href="/en/islamic/personal/everyday-banking/salary-transfer/">Know more</a></li>
</ul>

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Seamless access via the Rakbank app

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Low fees* Trade Bitcoin with low buy and sell fees
Trade in AED Fund your trades directly from your Rakbank Islamic account. No currency conversion required.
Seamless access and banking integration Trade directly through the Rakbank app
Limit Orders Set your target price and automatically execute buy or sell orders
Savings Plan Grow your portfolio through regular, automated investments
*Subject to eligibility (Elite or salary transfer)&nbsp;

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Note: You&rsquo;ll need a Rakbank Islamic AED current or savings account. If you don&rsquo;t have one, you can open an account in minutes via the Rakbank app by tapping &ldquo;Apply for a product&rdquo;
<ol>
<li>Sign up or log in to the Rakbank app</li>
<li>Tap the virtual assets banner or tile and select your AED current or savings account</li>
<li>Scan your Emirates ID</li>
<li>Complete the Bitpanda onboarding</li>
<li>Start trading</li>
</ol>

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AED 50,000-above

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Enjoy low buy fees when you become an <a title="Elite customer" href="/en/islamic/personal/everyday-banking/rakbank-for-you/rakislamic-elite/">Elite customer</a> or&nbsp;<a title="transferring your salary" href="/en/islamic/personal/everyday-banking/salary-transfer/">transfer your salary</a>&nbsp;to Rakbank.
<table class="fee-table">
<thead>
<tr>
<th style="background: var(--gradient-islamic-color-1);">Transaction type</th>
<th style="background: var(--gradient-islamic-color-1);">Exclusive tier</th>
<th style="background: var(--gradient-islamic-color-1);">Standard tier</th>
</tr>
</thead>
<tbody>
<tr>
<td>Buy</td>
<td class="highlight">0.4%</td>
<td>0.5%</td>
</tr>
<tr>
<td>Sell</td>
<td class="highlight">0.5%</td>
<td>0.5%</td>
</tr>
<tr>
<td>Custody</td>
<td class="highlight">Free</td>
<td>Free</td>
</tr>
</tbody>
</table>

Exclusive pricing

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AED 5,000-19,999

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Buy Bitcoin in AED with transparent pricing, no currency conversion required, and immediate order execution

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Convert Bitcoin to AED instantly and withdraw directly to your Rakbank Islamic account

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Now, eligible Rakbank Islamic customers can buy, sell and hold Bitcoin through Bitpanda's regulated virtual asset trading platform directly from the Rakbank mobile app.

A new way to access Bitcoin is here

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Set your investment rules and let your Bitcoin purchases execute automatically through Limit Orders & Savings Plan

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<h3 style="text-align: center;">Virtual assets services provided by</h3>
<h2 class="h2 gradient-title " style="text-align: center;"><img style="display: block; margin-left: auto; margin-right: auto;" src="/contentassets/04e33c6ddb3645c9b750ee1f9714dc32/bitpanda-300px.png" alt="" width="300" height="77" /></h2>
 Rakbank Islamic Virtual Assets is built in collaboration with Bitpanda, a leading European investment platform recognised for its strong regulatory standards and secure infrastructure.
Virtual assets services are provided by Bitpanda Broker MENA DMCC, a licensed Virtual Asset Service Provider (VASP) regulated by the Virtual Assets Regulatory Authority in the United Arab Emirates.

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Transaction type	Exclusive tier	Standard tier
Buy	0.4%	0.5%
Sell	0.5%	0.5%
Custody	Free	Free