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How to Buy Crypto with Commercial Bank of Ceylon in Bangladesh

Last updated on November 12, 2023

Quick Summary: While Commercial Bank of Ceylon 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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Commercial Bank of Ceylon Homepage

As mentioned in my quick summary, like most Bangladesh banks, Commercial Bank of Ceylon 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.

There are a large number of crypto exchanges 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 Commercial Bank Of Ceylon

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 Commercial Bank of Ceylon.

Buy Crypto With eToro

About Commercial Bank of Ceylon

Setting a new standard in the private sector of banks In Bangladesh, Commercial Bank of Ceylon Bangladesh has set new standards established an identity, and created an unbeatable trend. They are regarded as a trend-setting institution and maintain their distinctive culture and offer a variety of services and products. Utilizing state-of-the-art technology, and supported by a group of highly motivated and dynamic people, they have emerged as the top private banker in Bangladesh.

Since the beginning of operations within Bangladesh from 2003 CBC have expanded their branch networks by adding 11 branches, one sub-branch, two specialized OBU areas within Dhaka (Gulshan) in addition to Chittagong (CEPZ) as well as six SME service centers. Innovative products and services, top quality of service, and effective and tailored solutions to the needs of both personal and corporate banking customers are the hallmarks of the success that is CBC within Bangladesh. CBC has achieved the rare feat of earning “AAA” Credit Rating for 12 consecutive years.

Its parent firm, Commercial Bank of Ceylon PLC (CBC) which is also referred to by the name ComBank is a commercially licensed banks located in Sri Lanka and its ownership is private. It was founded with the status of public limited corporation and can be found as a public company on the Colombo Stock Exchange. It is considered to be the biggest private banking institution in Sri Lanka in terms of capital and net worth.

It is the third largest lender within Sri Lanka in terms of total net assets , and is second only to Bank of Ceylon and People’s Bank (both are state-owned commercial banks). This is in addition the sole private sector bank licensed by the government of Sri Lanka to be designated as the country’s most important bank, according to the Central Bank of Sri Lanka.