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How to Buy Crypto with DBS Bank in Singapore

Last updated on November 12, 2023

Quick Summary: While DBS 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 Singapore 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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DBS Bank Homepage

As mentioned in my quick summary, like most Singapore banks, DBS 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.

Thankfully there are many crypto exchanges 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 DBS

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

1. Pick a cryptocurrency trading platform

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 DBS Bank.

Buy Crypto With eToro

About DBS Bank

DBS Bank Limited commonly called DBS it is one of the Singaporean multinational financial and banking services company headquartered in its Marina Bay Financial Centre in the Marina Bay district of Singapore. The bank was earlier called The Development Bank of Singapore Limited which “DBS” was derived from and before the current abbreviated title was adopted on July 21, 2003, to show its position as an international bank. It is among three “Big Three” banks in Singapore together with OCBC Bank and the United Overseas Bank (UOB).

It is listed in the Singapore Exchange, the bank was established through Singapore’s Government of Singapore on 16 July 1968 in order to acquire the industrial financing operations of the Economic Development Board. Nowadays, it has hundreds of branches are located throughout the country.

DBS is the biggest institution within Southeast Asia by assets and among the top banks in Asia with assets that total around USD 501 billion (S$650 billion) at the time of its 31st December, 2019. The bank also holds market-leading positions in consumer markets, banking, and treasury and asset management, as well as equity and securities brokerage. It also has debt fund-raising in various regions besides Singapore and in China, Hong Kong, Taiwan, Indonesia and South Korea.

DBS Bank has branches and offices in Indonesia, Japan, South Korea, Malaysia, Myanmar, the Philippines, Australia, China, Hong Kong, India, Taiwan, Thailand, the United Arab Emirates, the United Kingdom, the United States, and Vietnam.