How to Buy Crypto with Bangladesh Bank

Last updated on November 12, 2023

Quick Summary: While Bangladesh 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 Bangladesh 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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Bangladesh Bank Homepage

As mentioned in my quick summary, like most Bangladesh banks, Bangladesh 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 trading platforms that you can use 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 Bangladesh Bank

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

1. Pick a cryptocurrency 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 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 Bangladesh Bank.

Buy Crypto With eToro

About Bangladesh Bank

Bangladesh Bank (Bengali: baaNlaadesh byaaNk) is the central bank of Bangladesh and is an affiliate of the Asian Clearing Union. It is owned entirely by the Government of Bangladesh.

The bank is actively involved in the development of green banking and financial inclusion policies. It is a key participant in the Alliance for Financial Inclusion. Bangladesh Financial Intelligence Unit (BFIU) is a division that is part of Bangladesh Bank, has got the privilege of being part of the Egmont Group of Financial Intelligence Units.

Bangladesh Bank is the first central bank to provide a hotline (16236) to allow customers to report any banking issue. Furthermore, the bank has become the only central bank to publish an “Green Banking Policy”. To recognize this accomplishment Governor Atiur Rahman, the governor at that time. Atiur Rahman was awarded the title “Green Governor” during the 2012. United Nations Climate Change Conference which was which was held in Doha’s Qatar National Convention Centre in Doha.

The Bangladesh Bank performs all the tasks that a central banking institution in any country must fulfill. These include ensuring price stability by implementing policies in the areas of economics and monetary and governing its foreign exchange reserves reserve and reserves of gold, as well as overseeing the banking sector of the country. As with Central Banks, Bangladesh Bank is both the banker of the government and the banker’s bank. It is also known as a “lender of last resort”.

Bangladesh Bank, like most other central banks, enjoys an exclusive right to issue of banknotes and currency. With the exception of notes of one, two and five taka notes as well as coins that fall under the authority under the Ministry of Finance of the Government of Bangladesh.