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How to Buy Crypto with Chinabank in Philippines

Last updated on November 12, 2023

Quick Summary: While Chinabank 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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Chinabank Homepage

As mentioned in my quick summary, like most Philippines banks, Chinabank 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 Chinabank

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 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 Chinabank.

Buy Crypto With eToro

About Chinabank

China Banking Corporation (simplified Chinese: Zhong Xing Yin Xing and traditional Chinese: Zhong Xing Yin Xing Pinyin: Zhongxing Yinhang; Peh-oe-ji Tiong-heng Gun-hang; PE: CHIB), commonly called China Bank, is a Filipino bank founded in 1920.

This was the very first privately-owned locally-owned commercial bank within the Philippines originally catering to the requirements of Chinese Filipino businesspeople. It provides a variety of products and banking services that relate to investment, deposit trust money management and remittance and financing services and products. It also provides bancassurance and insurance brokerage services through affiliates and subsidiaries.

China Bank was included in the list of among the “top 100 ASEAN companies in terms of delivering shareholder value” by the American consulting firm Stern Stewart and Company in 2009. It also won the top wealth management company within the Philippines by The Asset Magazine (HK) in the year 2011. In 2012, at the Bell Awards of the Philippine Stock Exchange, China Bank was named one of the top-performing firms within the Philippines.

China Bank was the only one to be named among the top five awardees in the publicly traded companies category. The Bank was once again honored with the Bell Awards in 2013 –one of the two recipients to be in the top five three times in the same year. China Bank was also a recipient of the Institute of Corporate Directors’ Gold Award for Corporate Governance in the years 2011 and 2012.