How to Buy Crypto with CSB Bank in India

Last updated on November 12, 2023

Quick Summary: While CSB 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.

CSB Bank Homepage

As mentioned in my quick summary, like most India banks, CSB 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 crypto 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 Binance 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 CSB Bank

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

1. Pick a crypto 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 CSB Bank.

Buy Crypto With Binance

About CSB Bank

CSB Bank Limited (erstwhile Catholic Syrian Bank Limited) is an Indian private sector bank that has its head office in Thrissur, Kerala, India. The bank’s network consists of more than 560 branches and greater than 390 ATMs throughout India.
CSB was established on the 26th of November, 1920 and officially launched on January 1, 1921. It had the authorized capital amount of 5 lakhs, and an unpaid capital of 45,270 rupees.

In 1969, it was added within the Second Schedule of Reserve Bank of India Act and the Bank was made an Scheduled Bank. The bank was granted Scheduled Bank – A Class status in the year 1975.

In December 2016 RBI approved Fairfax Financial Holdings to purchase 51 percent of the bank. Later, in February the year 2018, Fairfax India (via FIH Mauritius Investments Ltd) purchased 51 percent of the bank for Rs.1180 Crores.

The investment terms include the obligatory 5-year lock-in period and a 15-year period of time to reduce the stake into several tranches according to RBI’s rules.

In March 2019, the bank had a substantial presence across Maharashtra, Tamil Nadu, Kerala and Karnataka with a client base of close to 1.3 million. It also has a credit portfolio focuses on MSMEs, agriculture as well as education and housing.

It went public December 4, 2019 and its shares are listed on BSE in addition to NSE.