• Home
  • /
  • Banks
  • /
  • How to Buy Crypto with Bandhan Bank in India

How to Buy Crypto with Bandhan Bank in India

Last updated on November 16, 2023

Quick Summary: While Bandhan 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 India 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.

Bandhan Bank Homepage

As mentioned in my quick summary, like most India banks, Bandhan Bank doesn’t allow users to trade cryptocurrency directly on their platform, due to the complexities with setting up a cryptocurrency exchange 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 Bandhan Bank

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

1. Pick a crypto trading platform

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 Bandhan Bank.

Buy Crypto With Binance

About Bandhan Bank

Bandhan Bank Ltd. is a financial and banking services firm, with its headquarters in Kolkata. Bandhan Bank is present in 34 of the 36 union territories and states of India and has 5,723 bank branches as well as more than 2.86 million customers. After receiving the universal bank licence issued by the Reserve Bank of India, Bandhan Bank started operations on August 23, 2015 with 50 ATMs, 501 branches along with 2,022 Bank Units (BUs). The Bank has secured deposits of more than 12,000 crore, and its total advances total R97,787 crore at the time of its December 31st 2022.

Bandhan Bank through its network of 5,639 branches are spread across metro, urban semi-urban, and rural India. The main area of focus is micro-entrepreneurs MSME segment housing finance as well as assets for retail. It is important to know that 84.5 percent of Bank’s deposits are in the retail sector and are therefore they are granular in their nature.

Bandhan Bank is focused on broad-based banking that reaches out to the under-banked and unbanked sections of the country with 73 percent of its branches being located in semi-urban and rural regions.

The range of products and services offered by the Bank include savings and current accounts and fixed deposits to credit cards from home loans to personal loans from insurance to mutual funds, and much more.