How to Buy Crypto with ABC Bank in Kenya

Last updated on November 12, 2023

Quick Summary: While ABC Bank does not offer cryptocurrency trading through its own platform, you can make use of your account to purchase crypto through a third-party exchange.

There are a lot of Kenya cryptocurrency exchanges to pick from, but we suggest using the Coinbase exchange.

They offer the majority of most well-known cryptocurrencies and are simple to use. They have lots of advanced features but are also great for beginners.

ABC Bank Homepage

As mentioned in my quick summary, like most Kenya banks, ABC Bank doesn’t allow users to trade cryptocurrency directly on their platform, due to the complexities with setting up a cryptocurrency trading platform and comes with regulations and extra work for the banks.

There are a large number of crypto trading platforms that you can use to buy Bitcoin and other cryptocurrencies.

Next you’ll want to sign up to an exchange (for this short guide I’ll use Coinbase as it’s a global and widely used exchange) and deposit funds so you can start trading crypto.

How to buy crypto or bitcoin with ABC Bank

Let’s get started! Just follow our 4 quick steps.

1. Pick a cryptocurrency exchange

As mentioned above, I’ll be using Coinbase for this guide as they are a widely used exchange and have a huge range of cryptocurrencies to choose from. It’s also one of the best exchanges for beginners and allows more advanced features when you get more comfortable with trading.

The steps in this guide should be similar for most trusted crypto exchanges, so feel free to use whichever you end up going with.

Let’s get started!

2. Create account with the trading platform

You’ll first need to create an account if you haven’t already, you can do using this quick link below.

Sign Up With Coinbase

Once you’ve filled out the basic information you’ll be asked for KYC (Know Your Customer) information, this is normal for crypto exchanges to stop any bad activity. This will often be called the “verification” process.

3. Fund your account

Next, you’ll need to add funds to your account using any of their deposit methods. For Coinbase there are many options such as bank transfer, PayPal, credit/debit card, and many more.

4. Buy cryptocurrency

Lastly, you’ll need to go to the “trade” section, this will differ for each exchange but it will usually have some variation of this.

It’s that easy! You’ve now got the tools to buy your first cryptocurrency with ABC Bank.

Buy Crypto With Coinbase

About ABC Bank

African Banking Corporation (ABC) Bank Limited is a banking services company with 38 years experience. The bank is licensed and controlled through Kenya’s Central Bank of Kenya.

They offer efficient and reliable services such as banking and investment advisory, stock brokerage insurance risk management, along with financial service. Regionally, they provide services within Uganda through their affiliates ABC Uganda and ABC Capital Uganda.

The journey started on the 13th of November 1984, when they began their journey with the name of Consolidated Finance Company, a Kenya-based lender. In the following decade, they strategically grew their business and by the time they entered the nineties, they set up their business in order to establish the foundation they needed to succeed in a constantly changing economic climate and also to help prepare lenders for the next stage of expansion.
In 1994, they began their journey of transformation to become an all-encompassing commercial bank. On the 8 December 1994 this transition was completed as they received the Central Bank of Kenya officially granted the license to African Banking Corporation (ABC) Bank as commercial bank.

ABC Bank has since then increased its branches to 11 across the United States, working with customers such as individuals, small and mid-sized enterprises (SMEs) corporate clients educational and religious institutions, non-governmental organisations (NGOs) as well as other customers, to provide high-quality and reliable services.

Their history of operation spans 38 years, which has allowed their clients to reach their potential, while contributing to the communities in which they operate and to the economy overall. ABC Bank is a bank that empowers you to achieve your goals. ABC Bank, they empower customers to achieve the extraordinary.

They serve over 100,000 customers and a balance sheet of over Kes 33 billion.