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How to Buy Crypto with Citibank in Bangladesh

Last updated on November 12, 2023

Quick Summary: While Citibank 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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Citibank Homepage

As mentioned in my quick summary, like most Bangladesh banks, Citibank 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 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 Citibank

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

1. Pick a cryptocurrency 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 Citibank.

Buy Crypto With eToro

About Citibank

Citi is present in Bangladesh since 1987. In the present, Citi operates three branches and two bank offices, and around 140 workers in Bangladesh.

Citi in Bangladesh is a member of its Institutional Clients Group (ICG) which supports multinational corporations worldwide and large Bangladesh corporations, financial customers and public sector customers with cash management that has won awards trade services, trade services as well as trust and agency services as well as direct services for custody and clearing and the ability to lend and exchange currency.

Citi has developed a highly-developed Financial Institutions business supporting the transborder transactions of nationalized as well as private sector banks across Bangladesh. Citi is also playing a crucial part as the primary bookrunner for capital-market solutions for clients in Bangladesh.

The Citi Corporate Bank serves local corporates and multinationals in a variety of industries, providing a vital linkage and a holistic view of all aspects of the Bangladesh supply chain as well as business operations.

ICG in Bangladesh. ICG in Bangladesh is comprised of Banking, Capital Markets and Advisory, Treasury and Trade Solutions and Markets and Securities Services.

In the last 30 years, Citi has worked to promote the growth of market development in Bangladesh market for capital.