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How to Buy Crypto with Bank Asia in Bangladesh

Last updated on November 12, 2023

Quick Summary: While Bank Asia 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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Bank Asia Homepage

As mentioned in my quick summary, like most Bangladesh banks, Bank Asia 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 crypto exchanges to pick from that allow you to buy Bitcoin and other cryptocurrencies.

Next you’ll want to sign up to an exchange (for this short guide I’ll use eToro 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 Bank Asia

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 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 Bank Asia.

Buy Crypto With eToro

About Bank Asia

Bank Asia Limited is a private sector commercial bank located in Bangladesh. Areef Billah Adil Chowdhury is the president and managing director of Bank Asia Limited. Romo Rouf Chowdhury is chairman of the Rancon Group, is the chairman of Bank Asia Limited.

The Bank was founded as an independent commercial bank on the 28th of September 1999. It was incorporated on 1999. The bank expanded its operations through the acquisition of Branch from Bank of Nova Scotia in addition to Muslim Commercial Bank Limited. In 2001, the bank purchased its operations from Scotiabank which was then incorporated in Bangladesh in 1999.

The year 2008 was the time that Bank Asia announced a 25% dividend on its stock. The bank also launched Islamic banking.

Bank Asia was awarded third prize for corporate governance disclosures. It also received a an award of merit under the integrated reporting in the 17th ICAB National Award for BPAR-2016. Bank Asia was the recipient of an award from the Anti-Corruption Commission arrested two officials of Bank Asia on embezzlement charges from Chittagong in May, involving an alleged loan amount of 760 million Taka.

Bank Asia was awarded the Intellectual Property Protection Award in 2020 by the Bangladesh Copyright Board. It secured an unsecured loan of seven billion taka to Bashundhara Group to build a cement plant. A Rouf Chowdhury, chairman of Rangs Group, was re-elected as the bank’s chairman at the end of May in 2021. The former managing director at Bank Asia was implicated in the PK Halder scam.