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How to Buy Crypto with China Bank Savings in Philippines

Last updated on November 12, 2023

Quick Summary: While China Bank Savings 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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China Bank Savings Homepage

As mentioned in my quick summary, like most Philippines banks, China Bank Savings 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 China Bank Savings

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 China Bank Savings.

Buy Crypto With eToro

About China Bank Savings

CBS started operations in September 2008, following an acquisition Manila Bank by China Bank in 2007. The subsequent consolidations of Unity Bank and Planters Development Bank have helped to strengthen CBS its position as the top thrift institution in the business.

With 161 branches throughout the nation and a robust base for retail banking as well as housing, auto and teachers, and enterprise finance, CBS is committed to meeting the needs of customers at entry level and the entire consumer market and those in the Small and Medium Enterprise (SME) sector. CBS is committed to encouraging financial inclusion, and improving the standard of both consumers and entrepreneurs through the Easy Banking for You brand of service.

Since 2008 China Bank Savings (CBS) was established in 2008 and began its operations. The company is designed to provide an alternative to conventional banks, CBS targets entry level and new customers as well as those who are asset accumulators. offering services and products that are suited to different stages of life including basic deposit options to help those who are building their savings, as well as basic loans to help fund your personal goals, and investments products. The company was founded in 2012 and its parent firm, China Bank, acquired Pampanga-based Unity Bank, which was joined by CBS in 2014.

The acquisition is in support of this program. Bangko Sentral ng Pilipinas’ Strengthening Program for Rural Banks (SPRB) Plus that aims to efficiently help rural areas and enhance the provision and delivery of services for rural residents through improving the efficiency of the rural and thrift banking sector. The merger accelerated the savings bank’s branch growth program. CBS was aiming to open 100 branches by the year 2014.