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How to Buy Crypto with Dutch Bangla Bank in Bangladesh

Last updated on November 12, 2023

Quick Summary: While Dutch Bangla 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 Bangladesh 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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Dutch Bangla Bank Homepage

As mentioned in my quick summary, like most Bangladesh banks, Dutch Bangla 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 cryptocurrency 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 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 Dutch Bangla Bank

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

1. Pick a cryptocurrency exchange

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 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 Dutch Bangla Bank.

Buy Crypto With eToro

About Dutch Bangla Bank

The Dutch Bangla Bank Limited (DBBL) is a bank located in Bangladesh. DBBL is an planned joint venture, private commercial bank that is owned by local Bangladeshi parties led by M Sahabuddin Ahmed (Founder & Chairman) as well as FMO, a Dutch company called FMO. DBBL was founded pursuant to the Bank Companies Act 1991 and was incorporated into a publicly-owned corporation as per the Companies Act 1994 in Bangladesh. DBBL officially began operations from June 3rd in 1996. It was officially launched on June 3, 1996. Bank is listed on the Dhaka Stock Exchange Limited and Chittagong Stock Exchange Limited.

The bank is frequently known as “DBBL”, “Dutch Bangla” and “Dutch Bangla Bank”. (DBB. Limited )

DBBL runs its own network and automatization. DBBL has more than 4,930 ATM’s across Bangladesh making it the biggest ATM network within Bangladesh. On October 10, the 10th of October, 2010, DBBL opened its 1,000th ATM in the factory premises of GlaxoSmithKline, Chittagong.

On the 3rd of June, 2010 Dutch Bangla Bank announced internet payments gateway system (Nexus Gateway). Utilizing the Internet Payment Gateway merchants are allowed to charge the customers’ Visa, Masters, DBBL Nexus and Maestro cards on the internet. At present, DBBL has over 400 online merchants. Mobile Apps: DBBL Recently Launched Nexus Pay App For Their Customers.

Dutch Bangla Bank supports social initiatives and is among the biggest private donation sources in Bangladesh. The bank contributes to health awareness, social programs, and educational areas.