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How to Buy Crypto with HSBC Bank in Bangladesh

Last updated on November 12, 2023

Quick Summary: While HSBC 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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HSBC Bank Homepage

As mentioned in my quick summary, like most Bangladesh banks, HSBC Bank doesn’t allow users to trade cryptocurrency directly on their platform, due to the complexities with setting up a cryptocurrency trading platform and comes with regulations and extra work for the banks.

There are a large number of crypto 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 HSBC Bangladesh

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 HSBC Bank.

Buy Crypto With eToro

About HSBC Bank

HSBC is among the world’s biggest banking and financial services companies. They provide services to around 40 million customers with their international operations: Wealth and Personal Banking, Commercial Banking, and Global Banking & Markets. Their global network includes more than 63 territories and countries in Europe, Asia, the Middle East and Africa, North America and Latin America.

HSBC has opened their first office in Bangladesh in 1996. It offers a variety different financial products that are available in Bangladesh which include consumer bank, commercial banks global payment solutions trade services, treasury, custodial and clearance.

HSBC was born out of a simple concept – A local bank catering to international requirements. In 1865 HSBC officially opened their doors to business in Hong Kong. They are now one of the largest banks and financial service companies.

Since its inception around the year 1865 HSBC is helping to meet the demands of a rapidly changing world. They recognize their commitments to the communities within which they work and realize that economic growth should be sustainable.

HSBC is present in more than 64 nations and territories in Africa, Asia, Oceania, Europe, North America along with South America, serving around 40 million customers. In 2022, it was as no. 38 on the planet in the Forbes ranking of the top firms ranked according to revenues and profits assets, market value.

HSBC is managed by three business units: Commercial Banking, Global Banking and Markets, and Wealth and Personal Banking. In 2020, the company announced it would merge it’s Retail Banking & Wealth Management unit along with Global Private Banking, to create Wealth & Personal Banking.