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How to Buy Crypto with ICICI Bank in India

Last updated on January 17, 2024

Quick Summary: While ICICI 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 India cryptocurrency exchanges to pick from, but we suggest using the Binance.

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.

ICICI Bank Homepage

As mentioned in my quick summary, like most India banks, ICICI 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 crypto trading platforms that you can use to buy Bitcoin and other cryptocurrencies.

Once you’ve signed up to a crypto exchange (in our example I’ll be using Binance 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 ICICI Bank

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

1. Pick a cryptocurrency trading platform

As mentioned above, I’ll be using Binance 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 Binance

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 Binance 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 ICICI Bank.

Buy Crypto With Binance

About ICICI Bank

CICI Bank Limited is an Indian Private bank. It is headquartered in Mumbai. It provides a broad range of financial and banking services for retail and corporate customers via a variety of delivery channels as well as specialized branches in the fields of life and non-life insurance and venture capital, as well as asset management.

The development finance institution boasts an extensive network of 5,275 branches as well as 15,589 ATMs throughout India and has an presence across 17 nations. It operates subsidiaries across both the United Kingdom and Canada; branches in the United States, Singapore, Bahrain, Hong Kong, Qatar, Oman, Dubai International Finance Centre, China and South Africa; as well as representative offices in the United Arab Emirates, Bangladesh, Malaysia and Indonesia. The bank’s UK subsidiary has also set up branch offices within Belgium in Belgium and Germany.

ICICI Bank provides services and products such as online money transfers and tracking services, savings accounts, current account, deposits for time mortgages, recurring deposits and loans, lockers that are automated debit cards and credit card, digital wallets, and debit cards known as ICICI pocket.

ICICI bank introduced “ICICIStack,” which offers online services, including payment options and digital accounts, as well as immediate car loan, insurance investment and loans, among others.