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How to Buy Crypto with Bank of Makati in Philippines

Last updated on November 12, 2023

Quick Summary: While Bank of Makati 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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Bank of Makati Homepage

As mentioned in my quick summary, like most Philippines banks, Bank of Makati 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.

There are a large number of cryptocurrency trading platforms 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 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 Of Makati

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 Bank of Makati.

Buy Crypto With eToro

About Bank of Makati

Bank of Makati, (A Savings Bank) Inc. or BMI is a thrift institution founded in 1956. It was established as an rural bank before it was approved from the Bangko Sentral ng Pilipinas to be a thrift bank in April of 2015. On April 28, 2015, it was officially incorporated as the first savings institution.

The Bank of Makati was established on the 22nd of September 1956. It was then known in the name of “Rural Bank of Makati, Inc.” alongside J.P. Rizal in the town in Makati, Rizal. On October 1, 2001, the bank company was changed in ownership, as well as several changes. In November 2005 its name was officially changed to bank has been officially changed “Bank of Makati (A Rural Bank), Inc.”.

Since 2006, the bank firm was named on The list of Top 1000 Corporations in the Philippines. In the Business World Corporate Profile 2008 it is the Bank of Makati is the most local bank operating in the nation with assets totalling P5.2 billion, and the net worth is greater than P800 million which is higher than the worth of some savings banks.

The Bank of Company underwent a redesign back in 2009. It also adopted a brand new design and slogan. Bangko Sentral ng Pilipinas granted the Bank of Makati a Certificate of Authority to function as a thrift institution on April 28th in 2015. In the process of granting this certificate, the bank firm legally changed its brand name “Bank of Makati (A Savings Bank), Inc.”.

Bank of Makati also provides motorbike loans to customers of its parent company Motortrade and its affiliate companies, Motorjoy Depot Inc., Honda Prestige, and Motortrade Topline.