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How to Buy Crypto with Bangladesh Development Bank

Last updated on November 12, 2023

Quick Summary: While Bangladesh Development 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 Development Bank Homepage

As mentioned in my quick summary, like most Bangladesh banks, Bangladesh Development 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 exchanges 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 BDBL

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

1. Pick a crypto exchange

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 Bangladesh Development Bank.

Buy Crypto With eToro

About Bangladesh Development Bank

Bangladesh Development Bank is a state-owned bank for commercial banking that is specially specialised located in Bangladesh. It has the highest default rates on loans in Bangladesh. Shamima Nargis is chairperson for the institution. Kazi Alamgir, the bank’s Chief Executive Officer is also the the managing director of the bank.

Bangladesh Development Bank is created on November 16, 2009, as an Public Limited Company by merging the state-owned Bangladesh Shilpa Bank with the Bangladesh Shilpa Rin Sangstha; both were created on October 31, 1972. Bangladesh Development Bank started in 2010 with 534 court cases involving 21 billion taka as well as 24.6 billion taka of written-off assets.

Santi Narayan Ghosh was named chairman for the Bangladesh Development Bank in September 2012.

In 2016, the former executive director at Karmasangsthan Bank, Mushtaque Ahmed and the former vice-managing director at Rupali Bank Limited Md Abu Hanif Khan were appointed directors for Bangladesh Development Bank.

On November 28, 2019, Kazi Alamgir, former director of the managing department at Rajshahi Krishi Unnayan Bank, was appointed the managing director for Bangladesh Development Bank. On February 26, 2019 Mohammad Mejbahuddin was appointed chairman for the institution. The bank’s headquarters went up in flames on November 2020.AHM Mustafa Kamal Minister of Finance was considering the merger of Bangladesh Development Bank and BASIC Bank in 2021. Then, in November of 2021 Shamima Nargis became the as the bank’s chairperson.

in 2022 Bangladesh Development Bank signed an agreement with Bank Asia to work with Western Union for remittance. The bank is part of the consortium consisting of six banks who finance Bashundhara Gold Refinery. Bashundhara Gold Refinery of Bashundhara Group.