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How to Buy Crypto with Diamond Bank in Nigeria

Last updated on November 12, 2023

Quick Summary: While Diamond 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 Nigeria 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.

Diamond Bank Homepage

As mentioned in my quick summary, like most Nigeria banks, Diamond 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.

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 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 Diamond Bank

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

1. Pick a crypto trading platform

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 Diamond Bank.

Buy Crypto With Binance

About Diamond Bank

Diamond Bank Plc., was a Nigerian multinational financial service provider. Diamond Bank was acquired by Access Bank in December 2018 and was announced to finish the transactions of the merger during the first quarter of the year. The 1st of April, the 1st of April, 2019, Diamond Bank was fully joined into Access Bank to build a new entity , while keeping Access Bank’s name. Access Bank with a logo that was rebranded as Diamond Bank.

On the 19th of December 1904 the State of Arkansas issued a charter, which established Pike County Bank in Murfreesboro. The capital stock was an impressive $25,000, which in those days was quite a large amount of money. This would be around $692,172 in current dollars.

The bank constructed their first structure on the property to the west of the present Pike County Archives Building in Murfreesboro. In 1912 the institution had constructed the brick building on the new location on the northeastern part of the Courthouse Square.

When Pike County Bank began to expand in the 1950s, it grew by opening a branch office that was located within Mineral Springs (October 1951). The bank in July of 1979 constructed another building at a different site that it is located in today in Murfreesboro to the to the east from Murfreesboro Post Office. Murfreesboro Post Office at 319 East Main Street.

The bank offers financial services. The headquarters are located within Calabar, Nigeria. At the time of July 2013, it had 267 branches across Nigeria.