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How to Buy Crypto with Luzon Development Bank in Philippines

Last updated on November 12, 2023

Quick Summary: While Luzon Development 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 Philippines 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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Luzon Development Bank Homepage

As mentioned in my quick summary, like most Philippines banks, Luzon Development Bank doesn’t allow users to trade cryptocurrency directly on their platform, due to the complexities with setting up a crypto exchange 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 Luzon Development Bank

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

1. Pick a cryptocurrency exchange

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 Luzon Development Bank.

Buy Crypto With eToro

About Luzon Development Bank

A group of individuals who wanted to encourage rural banking in Laguna created Laguna Development Bank (LDB) Laguna Development Bank (LDB) on May 8, 1961.

In 1975 Luzon Development Bank was established in 1975. Luzon Development Bank was adopted in order to expand its operations beyond the province of Laguna. The name of the old one was not enough for the vision of the Board who saw the broadness of the bank’s capabilities beyond the limits that are part of Laguna Province to a wider region of Luzon.

As LDB expands as they expand, they have reaffirmed their commitment to provide their valued customers with top-quality banking services that are personalized and warm touch. Starting with Personal and Business Banking, to Property and Car Acquisition They make each transaction simple and quick. They design their products around the people they serve. Additionally, they provide you with greater access to your account at your ease through their Online Banking. At LDB they blend the global capabilities of local roots. As they help maintain the growth momentum They give a new significance to banking.

In the course of its time as a constant catalyst for national development, the effects of change and progress were apparent. Its basic operations steadily grew by relying on its core values of teamwork and Trustworthiness. By implementing these principles, LDB began earning the trust of its customers and expanded to 40 branches across Metro Manila and Luzon. It is a stable financial institution that is on par with industry standards and also competitive at the national level but without losing its unique ability to know the region and its residents most effectively.

The Philippines the biggest private bank for development in the Philippines, LDB continues to meet the changing requirements of its clients, and is always ready to help the best way it can.