How to Buy Crypto with DCB Bank in India

Last updated on November 12, 2023

Quick Summary: While DCB 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.

DCB Bank Homepage

As mentioned in my quick summary, like most India banks, DCB Bank doesn’t allow users to trade cryptocurrency directly on their platform, due to the complexities with setting up a crypto trading platform and comes with regulations and extra work for the banks.

Thankfully there are many cryptocurrency trading platforms 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 DCB Bank

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 DCB Bank.

Buy Crypto With Binance

About DCB Bank

DCB Bank Limited is a private commercial bank that is scheduled for the public sector in India. It is one of the latest generation banks that have received the scheduled commercial bank licence from the regulator for banks, Reserve Bank of India. DCB Bank received the licence on May 31, 1995.
A competent management team, supervised by the Board of Directors runs the Bank. The business segments of DCB Bank comprise Retail micro-SMEs, SME, mid-Corporate, Agriculture, Commodities, Government, Public Sector, Indian Banks, Co-operative Banks and Non Banking Finance Companies (NBFC). There are approximately 1,000,000 customers.

The Aga Khan Fund for Economic Development (AKFED) is the promoter of the Bank with an approximate 15 percent stake. The shareholding of the public under the category Resident Individual is about 39.4 percent.

DCB Bank Limited has 400 branches throughout India at the time of the 31st day of March 2022. The bank operates in the India geographical area. It is listed publically on the stock exchanges in India as a member of the Bombay Stock Exchange and National Stock Exchange respectively. DCB Bank offered shares to the general public via the initial public offer (IPO) in the year 2006.

The origin of DCB Bank’s history is from Maharashtra, India was the result of the merger of Ismailia Co-operative Bank Limited and the Masalawala Co-operative Bank to form Development Co-operative Bank. It was transformed into Development Credit Bank upon grant of the bank’s scheduled licence by the Reserve Bank of India in May 1995. DCB Bank Limited is the modern name, registered entity, along with the logo of its corporate.