How to Buy Crypto with Equity Bank Kenya

Last updated on November 12, 2023

Quick Summary: While Equity Bank Kenya 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.

Equity Bank Kenya Homepage

As mentioned in my quick summary, like most Kenya banks, Equity Bank Kenya 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.

Next you’ll want to sign up to an exchange (for this short guide I’ll use Coinbase 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 Equity Bank

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

1. Pick a crypto 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 Equity Bank Kenya.

Buy Crypto With Coinbase

About Equity Bank Kenya

Equity Bank Kenya Limited is an investment company that is headquartered located in Nairobi, Kenya. They are licensed as commercial bank by Central Bank of Kenya, which is the central bank and also the national regulator for banking in Kenya. In 2010, the bank launched an agency banking model. Agency banking model that has proven to be a hit and is overseen under the Central Bank of Kenya Prudential guidelines.

Equity Bank Kenya Limited was formed in 2014 in connection with the restructuring of the corporate structure of the main business Equity Group Holdings Limited. Before November 14, 2014 Equity Group Holdings Limited operated as a bank licensed and as a holding firm for its affiliates.

On the 31st of October, 2014, Equity Bank announced its intention to create a new fully controlled subsidiary Equity Bank Kenya Limited, which will take over it’s Kenyan banking business as well as the assets as well as its liabilities.

In doing so, it will transform Equity Group Holdings Limited into a holding company that is not trading (as defined by the Banking Act) that owns both non-banking and banking subsidiary companies , and providing strategic branding, risk, and human resources management to its subsidiary companies The group would be better placed to invest and expand the business.

At an extraordinary shareholders’ general meeting that was held on 24 November 2014, the shareholders voted to revamp the company and resulted in the creation Equity Bank Kenya Limited. Equity Bank Kenya Limited.

Equity Bank Kenya won the most socially responsible Bank of the year by the African Banker Awards for the year of 2019 as well as the Bank of the Year for Kenya recognition from The Banker for the year 2019.