Crypto.com Unveils Fee-Free AED Wallet for UAE Users

• 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.

Crypto.com also launched a new AED Fiat Wallet for users of the United Arab Emirates so that they can deposit and withdraw AED quickly in a secure way for their purchase of cryptocurrencies. This would be a significant step to enhance the user experience with Crypto.com for UAE-based customers since they could easily fund their Crypto.com accounts with the local currency.

Now that there is the AED Fiat Wallet, users can make deposits and withdrawals quite hassle-free in AED in buying and selling cryptocurrencies. The wallet allows fee-free AED deposits from UAE bank accounts, making it even more accessible for users. However, in the event that certain transactions might incur fees from banks or intermediary banks, that is upon 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, general manager of the Middle East and Africa at Crypto.com was very excited about the launch. He pointed out how significant the UAE market was, This new wallet is a massive regional milestone for us. It’s all about offering our customers a seamless experience, and this launch brings us closer to our mission of removing barriers to cryptocurrency adoption, Erk said.

Setting up the AED Fiat Wallet is relatively easy. The user must tap Deposit Fiat, Set Up New Currency, UAE Dirhams on the Crypto.com app. Here, they can easily initiate a transfer from their bank accounts in the UAE.

Crypto.com has continued to upgrade its service for customers from the UAE and further established the company as one of the strongest platforms in the region for crypto transactions.