How to Buy Crypto with Kerala in India

Last updated on November 12, 2023

Quick Summary: While Kerala 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.

Kerala Homepage

As mentioned in my quick summary, like most India banks, Kerala 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 cryptocurrency exchanges 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 Kerala 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 Kerala.

Buy Crypto With Binance

About Kerala

The start of Kerala State Co-operative Bank Ltd began in the 20th century. In 1914, the Maharaja of Travancore His Excellency Sree the Moolam Thirunal Ramavarma, by an announcement, made “The Travancore Co-operative Societies Regulation Act”.

The Bank was officially registered in the year 1915 under the name of “Trivandrum Central Co-operative Bank” which was the first Cooperative Society to be formed in the princely state of Travancore . It was officially established as a Bank on the 18th of January 18, 1916 , with the capitalization of Rs.1,00,000 per share, comprised of 1,000 shares worth Rs.100per share. In the beginning , there was a total of 16 Co-operative Societies and 69 individuals as members.

In 1943, the Bank was transformed to the Travancore Central Co-operative Bank which gave it the federal status in the Travancore State. In the aftermath of Indian Independence and the reorganization of States and States, the Bank was reorganized into an State Co-operative Bank for Travancore-Cochin State in 1954. In 1956 the reorganization process of Indian States was completed as well. The State of Kerala’ was established.

The Bank was later upgraded to the status of State Co-operative Bank to The State of Kerala in the year 2000. changed its name to “The Kerala State Co-operative Bank Ltd.” At the time the Bank had an operating capital of Rs.42.90 lakhs, a deposit of Rs.30.33 lakhs, advances and loans up to a total of Rs.21.66 millions.

The Kerala State Co-operative Bank was licensed and maintained as it was an Apex Bank in which only Co-operative Banks approved by the Registrar of Co-operative Societies were accepted as members.