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How to Buy Crypto with City Union Bank in India

Last updated on November 12, 2023

Quick Summary: While City Union 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 India cryptocurrency exchanges to pick from, but we suggest using the Binance.

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.

City Union Bank Homepage

As mentioned in my quick summary, like most India banks, City Union 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 crypto 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 Binance 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 CUB

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

1. Pick a cryptocurrency exchange

As mentioned above, I’ll be using Binance 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 Binance

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 Binance 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 City Union Bank.

Buy Crypto With Binance

About City Union Bank

City Union Bank Limited is an Indian private sector bank with its headquarters at Kumbakonam, Tamil Nadu. The bank was first called Kumbakonam Bank Limited, and was established on the 31st of October 1904.

The bank was more interested in the role of a regional bank within the Thanjavur district in Tamil Nadu. The bank’s FY 2016 financial year had an estimated total market value at Rs140.5 billion (US$1.8 billion) and had 700 branches with 1762 ATMs.

City Union Bank Limited City Union Bank Limited was initially established with the title Kumbakonam Bank as a limited company on October 31, 1904. The bank was more suited to an area-based role and took on an agency model during the early years. The first branch opened in 1930. In 1987 it was purchased by City Union Bank.