• Home
  • /
  • Banks
  • /
  • How to Buy Crypto with Exim Bank in Bangladesh

How to Buy Crypto with Exim Bank in Bangladesh

Last updated on November 12, 2023

Quick Summary: While Exim 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.

5/5

11,029 5-star reviews on Trustpilot

Exim Bank Homepage

As mentioned in my quick summary, like most Bangladesh banks, Exim 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.

Thankfully there are many crypto trading platforms to pick from that allow you 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 Exim Bank

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

1. Pick a crypto 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 Exim Bank.

Buy Crypto With eToro

About Exim Bank

(EXIM Bank) is among the top privately-owned commercial banks of Bangladesh. The Bank was established as commercial bank on 3 August 1999, as per the guidelines and rules for Bangladesh Bank. Since its inception, the bank was named BEXIM Bank Limited. However, due to the legal restrictions the bank was renamed to EXIM Bank, which stood for Export Import Bank of Bangladesh Limited.

EXIM Bank Limited was established in 1999 by Shahjahan Kabir, the its founder chairman. Nazrul Islam Mazumder took over as chairman in the aftermath of the death of the founder chairman. The bank began operations on 3 August 1999, with Alamgir Kabir, as the advisor and Mohammad Lakiotullah as the managing director. In 2009, it created history as the first bank owned by a private company in Bangladesh to establish an exchange facility within the UK. The bank began its operations with an initial capital authorised that was Taka 1 billion (US$12.87 million) and a paid-up capital that was Taka 250 million (US$2.9 million).

As an all-inclusive Islamic banking institution within Bangladesh, EXIM Bank extended the full range of Islamic banking options, which include a broad selection of savings and investment products as well as foreign exchange and other ancillary services, backed by advanced technology and a professional management. The portfolio of investments offered by the bank is diversified and covers a variety of industry and business sectors. The areas include textiles ready-made clothing, edible oil chemicals as well as telecommunications, cement steel, real estate and various other service industries, as well as general finance for trade.