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How to Buy Crypto with Eastern Bank in Bangladesh

Last updated on November 12, 2023

Quick Summary: While Eastern 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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Eastern Bank Homepage

As mentioned in my quick summary, like most Bangladesh banks, Eastern 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 exchanges 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 eToro 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 Eastern Bank Limited

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

1. Pick a crypto 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 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 Eastern Bank.

Buy Crypto With eToro

About Eastern Bank

Eastern Bank Limited (Bengali: istaarnn byaaNk limitedtedd) is an independent commercial bank that is headquartered located in Dhaka, Bangladesh. It was created on the 8th of August in 1992 as a public-limited company with only limited responsibility as per the Bank Companies Act of 1991.

The shares of the company are listed on the Dhaka Stock Exchange and the Chittagong Stock Exchange. The bank offers services and products in retail banking as well as corporate finance asset management, equity brokerage, and security. It has 214 branches and 85 branches. ATMs throughout Bangladesh and employs more than 3000 employees.

Eastern Bank Limited is going to inaugurate its first full-fledged overseas branch at Calcutta, India. The branch that will be located in India will be the first branch that is not located in Bangladesh. Currently, EBL has a subsidiary located in Hong Kong named EBL Finance (HK) Limited and a representative office in Myanmar. EBL has opened their third representation office in Guangzhou, on the Chinese mainland of Guangzhou on the 29th of September 2019.

Eastern Bank Limited began operations on the 16th of August in 1992. Prior to 1992, EBL was known under the name BCCI. BCCI that was later changed into Eastern Bank Limited. It is situated in Bangladesh.