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How to Buy Crypto with Access Bank in Nigeria

Last updated on November 12, 2023

Quick Summary: While Access 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 Nigeria cryptocurrency exchanges to pick from, but we suggest using the Binance.

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.

Access Bank Homepage

As mentioned in my quick summary, like most Nigeria banks, Access 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 cryptocurrency exchanges 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 Binance 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 Access Bank

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

1. Pick a crypto exchange

As mentioned above, I’ll be using Binance 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 Binance

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 Binance 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 Access Bank.

Buy Crypto With Binance

About Access Bank

Access Bank plc, commonly called Access Bank, is a Nigerian commercial bank that is multinational and controlled by Access Bank Group. Access Bank is certified by Central Bank of Nigeria, the country’s regulator for banking.

It was initially a bank for corporate customers, they also expanded into personal and commercial banking in the year 2012. Access Bank and Diamond Bank were merged on April 1st in 2019. Following the completion of its merging together with Diamond Bank, Access Bank announced its new logo signifying the beginning of a brand new, larger banking company. Access Bank employs over 28,000 employees in 2021.

After the merger, and with over 42 million clients, Access Bank plc became the biggest bank in Africa by number of customers and also the biggest bank in Nigeria by assets.

As of September 20, 2021 as of September 2021, in out of Nigeria, Access Bank plc has subsidiaries in Mozambique, Zambia, Congo, Sierra Leone, Rwanda, Gambia, Ghana, Kenya, South Africa, and in the United Kingdom. Access Bank Group also maintains representation offices located in China, India, Lebanon and the United Arab Emirates.

Access Bank plc is a major financial services provider. As of June 20, 2021 the company had an asset base of more than US $25 billion (NGN 1005 trillion) and equity of shareholders at about US$1.87 billion (NGN 775 billion).