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How to Buy Crypto with Citystate Savings Bank in Philippines

Last updated on November 12, 2023

Quick Summary: While Citystate Savings 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 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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Citystate Savings Bank Homepage

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

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 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 Citystate Savings Bank.

Buy Crypto With eToro

About Citystate Savings Bank

Citystate Savings Bank is a public-traded thrift bank that is which is listed on the Philippine Stock Exchange. It was founded as a collaboration between a group Filipino businessmen headed by ambassador Antonio Cabangon Chua and a Singaporean investment holding company. The bank was given a trust bank licence through the Monetary Board of Bangko Sentral ng Pilipinas in 1997. City State offers banking services including deposits and other services such as cash management, offsite or on-site ATM facilities as well as retail and corporate banking, as well as treasury services. The bank is able to meet the requirements of middle market, corporate and retail customers. The bank has 24 branches throughout the nation and had 276 people at the time of the close of 2009.

Citystate Savings Bank started its banking operations just a day after it was approved by the Monetary Board of Bangko Sentral ng Pilipinas granted its thrift bank’s license on August 7 1997. On the 2nd of January 2002, the bank was listed on the stock exchange and was listed on the Philippines Stock Exchange under the stock symbol CSB.

To continue its expansion by establishing additional branches and the creation of new products and improved capabilities, the institution entered into an offering of stock rights of 22 million that raised its capitalization from P670 million, which was later increased to P450 million.

As of the month of November, Citystate Bank obtained its Trust and Foreign Currency Deposit license from Bangko Sentral ng Pilipinas to accept dollars and other foreign currency deposits. The bank also manages its the funds, securities, as well as properties.

For its financing and credit service, City State accepts jewelry for cash loans that are instant. City State also provides other loans that include servicing commercial loans as well as development and real estate loans, auto-financing and salary mortgage, agriculture loans and more.