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How to Buy Crypto with Diamond Trust Bank in Kenya

Last updated on November 12, 2023

Quick Summary: While Diamond Trust 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 Kenya cryptocurrency exchanges to pick from, but we suggest using the Coinbase 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.

Diamond Trust Bank Homepage

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

There are a large number of cryptocurrency exchanges that you can use to buy Bitcoin and other cryptocurrencies.

Once you’ve signed up to a crypto exchange (in our example I’ll be using Coinbase 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 DTB

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

1. Pick a cryptocurrency trading platform

As mentioned above, I’ll be using Coinbase 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 Coinbase

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 Coinbase 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 Diamond Trust Bank.

Buy Crypto With Coinbase

About Diamond Trust Bank

Diamond Trust Bank Group, in short DTB Group, is an African banking company that operates across Burundi, Kenya, Tanzania and Uganda. The principal company in this group is Diamond Trust Bank Kenya is authorized to operate by the Central Bank of Kenya, the central bank and the national regulator of banking in Kenya which is the biggest economy within Africa. East African Community.

The main offices of DTB Group are located in Diamond Trust Bank Centre (DTBC) situated on Mombasa Road in Nairobi, Kenya.

The primary asset of the DTB Group is Diamond Trust Bank (Kenya) that was established in 1946. As of December 2013 DTB Group was ranked as the eighth-largest commercial bank in terms of assets, out of the 43 banks licensed in Kenya. In 2013 the total assets of the group was approximately US$1.924 billion (KES:166.52 billion) and shareholders’ equity of around US$242.1 millions (KES:20.95 billion). At the time of writing, it was ranked 5th.

The company works in collaboration with Habib Bank of the Aga Khan Fund for Economic Development as well as the International Finance Corporation of the World Bank. In July 2017 The Diamond Trust Bank Group acquired 100 percent ownership of the previous “Habib Bank Kenya”. The acquisition has is a merger together with Diamond Trust Bank Kenya, beginning on August 1, 2017. In the course of the deal, DTB Group has agreed to keep the former Habib Bank employees.

In August 2014, DTB Group maintains a total of more than 100 branches across all of the East African countries where it operates. In May 2012 Kenyan media reports revealed that the company was planning to expand into Rwanda and South Sudan, Democratic Republic of the Congo, Mozambique and South Sudan in 2020.