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How to Buy Crypto with BRAC Bank in Bangladesh

Last updated on November 12, 2023

Quick Summary: While BRAC 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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BRAC Bank Homepage

As mentioned in my quick summary, like most Bangladesh banks, BRAC 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.

Thankfully there are many cryptocurrency exchanges to pick from that allow you 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 BRAC Bank

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 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 BRAC Bank.

Buy Crypto With eToro

About BRAC Bank

BRAC Bank is a private commercial bank located in Bangladesh managed under the BRAC development agency, which focuses specifically on Small and Medium Enterprises (SME). The bank is headquartered in its head location situated in Dhaka, Bangladesh. It has branches of 187, 18 Premium Lounges and 457 SME Unit Offices 481 agent bank outlets as well as 375 ATMs. more than 96 CDMs.

BRAC Bank was founded on 4 July 2001 in order to help the vast majority of people without a bank account who were uninsured by the traditional banks. The principal goal of the bank was to assist Small and Medium Enterprises.

BRAC Bank has its own ATM network that currently has 457 ATMs. In addition , BRAC Bank is the lead arrangement for the OMNIBUS the shared ATM network.

OMNIBUS is an organization of member institutions that will offer an ATM and POS network that is shared facilities to banks using an unidirectional mother switch. OMNIBUS was established in response to the requirement for a neutral, central gateway. As a result, BRAC Bank took the initiative. Alongside BRAC Bank, Q-Cash came together as a member to join together to make up OMNIBUS.

Bank is the sponsor of the kits of Bangladesh cricket team. Bangladesh nation’s cricket squad, the cricket under-19 squad, Bangladesh women’s cricket team from the year 2018 to 2020. In the meantime it has been the kit sponsor for the team since the year 2016 and they renewed their agreement until January 2020.