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How to Buy Crypto with Jammu & Kashmir Bank in India

Last updated on November 12, 2023

Quick Summary: While Jammu & Kashmir 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.

Jammu & Kashmir Bank Homepage

As mentioned in my quick summary, like most India banks, Jammu & Kashmir 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.

Thankfully there are many cryptocurrency 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 Binance 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 JK Bank

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

1. Pick a cryptocurrency exchange

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 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 Jammu & Kashmir Bank.

Buy Crypto With Binance

About Jammu & Kashmir Bank

Jammu & Kashmir Bank Limited (J&K Bank) is an Indian public sector bank with its headquarters within Srinagar, Jammu and Kashmir. J&K Bank was incorporated on October 1, 1938 by the ruler of the Princely State of Jammu and Kashmir Maharaja Hari Singh with initial paid capitalization of 5.00 Lakh. The bank had an overall business turnover of more than Rs.1750 billion by March 31st 2021.

J&K Bank was founded on October 1, 1938 under the letters patent of the at the time Maharajas of Jammu & Kashmir, Maharaja Hari Singh. The Maharaja had invited prominent investors to be the first board members and directors of J&K Bank.

The bank began banking from July 4 1939 and was thought to be the first in its type and constitution as a state-owned institution in the United States. The bank was created as a semi-state institution with participation in capital of the public and state under the direction of the state government.

After independence, two branches belonging to the Bank out of the 10 branches, viz. Muzaffarabad Rawalkot as well as Mirpur (now PAK) fell on the other side of the Line of Control along with cash and other assets.

The Bank is regarded as a state-owned company according to the regulations of the Indian Companies Act 2013. The bank was established in 1971. was granted the status as an Scheduled bank, and was designated an A class bank by the Reserve Bank of India in 1976.

J&K Bank is the scheduled commercial and the oldest privately owned bank of India.