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How to Deposit AED and Buy Digital Assets on Fasset?

Fasset is your number one personalized online trading platform for some of the most desirable digital assets in the cryptocurrency market. We offer everyone (18 years and over) the chance to grow their digital asset portfolio by investing in various cryptocurrencies. 

We also provide a safe crypto exchange where you can deposit fiat money into your user account and trade it for digital assets without any cause for alarm. 

If you reside in the United Arab Emirates (UAE), you should know that you can hold, buy or sell cryptocurrencies per stipulations by the Securities and Commodities Authority (SCA).

We provide that link between you and the seller of digital assets or you and the buyer of crypto. Our job is to make your trading experience a satisfactory and successful one.

To this end, we have carefully drawn out step-by-step procedures on depositing Arab Emirates Dirham (AED) and buying digital assets on our trading platform.

But before we get into the nitty-gritty of depositing AED and buying crypto, do you have a verified Fasset trading account?

If you have a verified Fasset crypto trading account, you may proceed to Step #3. However, if you do not have a verified digital asset trading account, you would have to start signing up for one.

Opening a Fasset Trading Account is Easy

At Fasset, stipulations,2we take the security of every trader very seriously. And that is why we ensure that all traders open an account on our platform before they can trade. Each account must meet strict KYC conditions and be verified before users make any deposits on the account.

To open a free Fasset account, you will need to follow these instructions:

Sign Up by visiting our online trading platform and clicking on the sign up for free tab.

You will be required to input a valid email address, your full name, an active mobile phone number, and a secure password.

We will send a no-reply confirmation email to your email address and a passcode to your mobile phone number as part of the registration process. 

You will be required to confirm both your email address and mobile phone number by clicking on the link and inputting the passcode in the slot provided on our platform, respectively. 

Your mobile phone number is required for all logins to your account, trading transactions, changes in account details, and so on. 

Once you have confirmed your email and mobile phone number, your free Fasset account will be successfully activated.

Verification of Fasset Account 

The next stage involves the verification of your Fasset account. Without verifying your account, you will not be able to make any AED deposit, buy Bitcoin, or sell any digital asset.

You need to verify your account in compliance with regulations by both local and international financial regulatory authorities. To verify your account, you need to visit our verification page and follow all the instructions provided.

At Fasset, we operate a three Tier verification process, with each Tier requiring specific information and documentation. We set different weekly withdrawal and AED deposit limits for each Tier.

You will be required to choose a Tier, meet the requirements and verify your account accordingly before you can make your first AED deposit. The verification process can take some time, depending on the documentation provided. However, we strive to complete the verification process in the shortest time possible. Try to provide every required documentation to avoid any delay in the verification of your account.

How to Deposit AED to your Fasset Account 

You can deposit AED to your verified Fasset account using a number of payment methods. Visit our AED deposit user page to choose your preferred payment option. We accept the following payment methods:

Debit or Credit Cards,
Bank Wire Transfer,

Notes on Depositing AED with Debit or Credit Cards:

When using a debit or credit card to deposit AED, make sure the card is issued in your name. We do not accept AED deposits made with third-party debit or credit cards.

Your card issuing institution may charge you a fee for any cash advance or foreign exchange transaction. 

Note that the fee charged by your card issuing institution for AED deposits made with your debit card may be less than the fee charged for AED deposits made with your credit card. 

We only accept GCC-issued cards.   

You can register a total of three (3) different debit or credit cards for making AED deposits into your verified Fasset account.  

How to Deposit AED with Bank Wire Transfer

You can deposit AED to your Fasset account by following these steps:

Make sure you have previously registered a bank account on the Fasset trading platform.

Visit our cryptocurrency exchange platform to set up a deposit order stating your desired AED deposit amount.

Visit your online banking portal (make sure it is your registered bank account). You can then initiate a bank wire transfer with the bank details indicated on the Fasset deposit page. Note that your bank wire transfer should ONLY include the Fasset transfer reference. It is necessary for payment tracking.

You should take a screenshot of the successful bank wire transfer transaction and upload this screenshot to our platform. Note that the screenshot should clearly show the amount of AED deposited, Transfer Reference number, IBAN,  Recipient, and Sender Name.

Once the amount of AED you deposited is confirmed, it will be credited to your free verified Fasset account. 

How to Buy Cryptocurrency on Fasset

You can buy a number of cryptocurrencies on our trading platform. You can buy Ethereum, Bitcoin, and many other highly demanded digital assets. If you want to purchase cryptocurrencies, you need first to visit our trading page.

You can buy a cryptocurrency with your AED deposit. You simply need to input the AED amount required to buy the digital assets you desire. You can also trade one digital asset for another. All you need to do is select your preferred digital asset pair, for example, ETH-BTC, then click on the button labeled 'Buy'. 

In Conclusion

You can also deposit AED or buy digital assets directly from our free-to-download mobile apps for Android or iOS devices. Our mobile apps offer a dynamic, intuitive, interactive, and user-friendly interface with user preferences and language options for convenience. We pride ourselves on providing an easy-to-use, highly secure, and safe crypto exchange. Get in touch with us today for more information on optimizing your user experience on our platform.

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