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How to Buy Crypto with Asia United Bank in Philippines

Last updated on November 12, 2023

Quick Summary: While Asia United 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 Philippines cryptocurrency exchanges to pick from, but we suggest using the eToro 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.

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Asia United Bank Homepage

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

Thankfully there are many cryptocurrency trading platforms to pick from that allow you to buy Bitcoin and other cryptocurrencies.

Once you’ve signed up to a crypto exchange (in our example I’ll be using eToro as it’s a highly trusted and global exchange), you can easily move money from your bank account to the trading platform., and exchange it for a variety of cryptocurrencies.

How to buy crypto or bitcoin with AUB

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

1. Pick a crypto trading platform

As mentioned above, I’ll be using eToro 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 eToro

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 eToro there are many options such as bank transfer, PayPal, credit/debit card, and many more.

4. Buy crypto

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 Asia United Bank.

Buy Crypto With eToro

About Asia United Bank

Asia United Bank Corporation (AUB) is among the few banks to be granted a full branch commercial bank license in 1997, and has been functioning to the present day. AUB was granted a license in 2013. AUB became part of the group of Philippine Banks that have become publicly traded and have gained the status of universal bank.

AUB has been registered by the Securities and Exchange Commission (SEC) on the 3rd of October 1997. The registered office and executive offices are located in Joy-Nostalg Center, 17 ADB Avenue, Ortigas Center, Pasig City, Philippines.

AUB was granted the power to function as commercial bank pursuant to Monetary Board (MB) Resolution No. 1149 of on September 3rd, 1997. It began operations on October 31 the year 1997. In 2012, the bank received permission from Bangko Sentral ng Pilipinas (BSP) to upgrade its license to an expanded commercial status as a bank. In 2013 the bank was granted the right to function as an universal bank under MB Resolution No. 356 of February 28th in 2013.

AUB’s universal bank license allows, AUB, in addition to its powers as a commercial bank to use the following powers: (1) the powers of an investment house which include trading and underwriting of securities as well as loan syndication and financial advice and private placement of equity and debt securities, project financing and direct equity investment. (2) The ability to invest in related and non-allied businesses with regulatory limits regarding the size of investments relative to capital, and ownership percentage.