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How to Buy Crypto with Karur Vysya Bank in India

Last updated on November 12, 2023

Quick Summary: While Karur Vysya 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.

Karur Vysya Bank Homepage

As mentioned in my quick summary, like most India banks, Karur Vysya Bank doesn’t allow users to trade cryptocurrency directly on their platform, due to the complexities with setting up a crypto trading platform 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 KVB

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 Karur Vysya Bank.

Buy Crypto With Binance

About Karur Vysya Bank

Karur Vysya Bank It is an Scheduled Commercial Bank, headquartered in Karur in Tamil Nadu, India. It was established in the year 1916 in 1916 by M. A. Venkatarama Chettiar and Athi Krishna Chettiar. The bank’s primary business is the corporate/wholesale, treasury and retail banking sectors.

KVB provides services , including corporate, personal and agricultural banking as well as services for NRIs as well as SMBs. KVB had around 800 ATMs and 1650 branches at the 31st of March, 2020. KVB has registered the Total Business at Rs107,591 crore. This includes deposits of Rs59,075 crore as well as advances totalling Rs48,516 crore.

The Karur Vysya Bank Limited, commonly referred to as KVB was founded on July 25, 1916 in the hands of M. A. Venkatarama Chettiar and Athi Krishna Chettiar to capitalize on the unexplored market of agriculturists and traders located in the vicinity of Karur town, which is located in Tamil Nadu. The bank expanded later beyond Karur to seek out more business opportunities, and later established its presence throughout India.

It celebrated the bank’s centennial on 10 September 2016 in Chennai with the President of India Shri. Pranab Mukherjee, as the guest of honor.