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How to Buy Crypto with Chase Bank in Kenya

Last updated on November 12, 2023

Quick Summary: While Chase 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 Kenya cryptocurrency exchanges to pick from, but we suggest using the Coinbase 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.

Chase Bank Homepage

As mentioned in my quick summary, like most Kenya banks, Chase Bank 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 trading platforms 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 Coinbase 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 Chase Bank

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

1. Pick a crypto exchange

As mentioned above, I’ll be using Coinbase 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 Coinbase

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 Coinbase 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 Chase Bank.

Buy Crypto With Coinbase

About Chase Bank

Chase Bank Kenya Limited (CBK) is commonly known as Chase Bank, was a commercial bank located in Kenya which was authorized to operate by the Central Bank of Kenya, the central bank and the national regulator for banking.

Chase Bank was a large financial services company in Kenya It had an estimated asset value of around US$1.428 billion (KES:142 billion) at the end of December 15, 2015. In that year shareholders’ equity was estimated to be US$119.7 millions (KES:11.9 billion).

In 1995, a number of businessmen bought an ownership stake of 60% in United Bank (Kenya), after having paid around US$1.23 millions (Kenya Shils 95 millions). The headquarters of the bank was located in the western part of Kisumu around 340 kilometers (210 miles) via road northwestern of Nairobi the capital city of Kenya, and the largest city.

At the period, United Bank (Kenya) was in receivership , and under the statutory supervision of the Central Bank of Kenya, the country’s regulator for banking. The capital that was paid up, at the time at the time, was US$970,000 and its asset base of around US$1.9 million. The bank was reopened for business under new owners, who changed the brand name to the current name. In 1997, the decision was taken to move the branch that was the sole one that was operating at the time which was located in Kisumu in Kenya to Nairobi. Over time the Chase Bank (Kenya) has been steadily improving its bottom line through expanding its customer base as well as growing its profits.