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How to Buy Crypto with EastWest Rural Bank in Philippines

Last updated on November 12, 2023

Quick Summary: While EastWest Rural 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 Philippines 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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EastWest Rural Bank Homepage

As mentioned in my quick summary, like most Philippines banks, EastWest Rural Bank doesn’t allow users to trade cryptocurrency directly on their platform, due to the complexities with setting up a cryptocurrency 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.

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 Eastwest Bank

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

1. Pick a cryptocurrency trading platform

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 EastWest Rural Bank.

Buy Crypto With eToro

About EastWest Rural Bank

EastWest Rural Bank, Inc. is an entirely owned affiliate to East West Banking Corporation. It is a member of the Filinvest Group, led by the Gotianun Family. It is the second-largest bank for rural areas within the Philippines in terms of assets.

It was earlier called Green Bank (or the Rural Green Bank of Caraga) it was an Philippine rural bank with its headquarters in Butuan and was acquired in 2013, by East West Banking Corporation alongside FinMan Bank, a rural bank with its headquarters in Pasig. Prior to its acquisition , it was the biggest lender of the Caraga region in terms of assets and boasted 46 branches. It was also among the three rural banks connected to that network, which is the Philippine BancNet, an interbank system BancNet in 2006.

EastWest Rural Bank or EWRB (formerly FinMan Bank, Inc.) integrates, via an acquisition of assets, effective on November 1, 2013, the rural banking services of two banks in the rural sector that East West earlier acquired, specifically Green Bank, Inc. and FinMan Bank, Inc. FinMan Bank is a 16-year-old rural bank that is based in Pasig and primarily focuses on providing credit to tenants, farmers and rural businesses. East West injected a total of P520 million of new capital into EWRB in the wake of the approval of regulators on 21 May 2013, on the latter’s expansion of its authorized capital stock , from P80 million up to P1 billion.

In the year 2016, EastWest Rural Bank had a total branch network of seventy-six (76) branches, which included extensions offices and additional branches across the nation.