Home
/
Banks
/
How to Buy Crypto with Metropolitan Bank and Trust Company in Philippines

How to Buy Crypto with Metropolitan Bank and Trust Company in Philippines

By Esther Teng

Last updated on November 12, 2023

Quick Summary: While Metropolitan Bank and Trust Company 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.

 5/5

11,029 5-star reviews on Trustpilot

Metropolitan Bank and Trust Company Homepage

As mentioned in my quick summary, like most Philippines banks, Metropolitan Bank and Trust Company 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.

Thankfully there are many crypto trading platforms to pick from that allow you to buy Bitcoin and other cryptocurrencies.

Once you’ve signed up to a crypto exchange (in our example I’ll be using eToro 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 Metrobank

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

1. Pick a cryptocurrency trading platform

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.

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 Metropolitan Bank and Trust Company.

Buy Crypto With eToro

About Metropolitan Bank and Trust Company

The Metropolitan Bank and Trust Company (PSE MBT) often referred to as Metrobank is the fourth-largest institution in the Philippines. It provides various financial services, ranging from regular bank accounts to the insurance. It is the retail and commercial bank that is part of GT Capital Holdings Inc.

Metropolitan Bank and Trust Company (Metrobank) was founded by an entrepreneur group on the 5th of September 1962, in the Wellington Building in Binondo, Manila. Then, in August of 1963, the first branch was inaugurated in Divisoria. The following year, Metrobank opened its first provincial branch in it was the Davao branch. Then, in the 1970s Metrobank inaugurated its very first branch outside of Taipei Taiwan’s capital.

In April 1997 in 1997, Metrobank was granted permission by the Central Bank authorized Metrobank to manage a foreign currency deposit division (FCDU). The following year, the number of branches and offices grew to 100, and the bank opened its new headquarters at Metrobank Plaza in Makati.

Metrobank which was the second-largest Philippine institution, has been continuously trying to fend off rivals to stay one of the nation’s biggest banks. Its principal competitors include Sy’s-driven Banco de Oro and Bank of the Philippine Islands (BPI) belonging to the Ayala group. Other important competitors include government-owned Landbank along with UCPB, Lucio Tan-owned Philippine National Bank and the Gotianun-controlled EastWest, Security Bank of the Dy family, Chinabank (partly owned by the Sy and Dee families) and the Rizal Commercial Banking Corporation (RCBC) belonging to the Yuchengco family.

Other Popular Philippines banks

Esther Teng

Esther Teng is a financial analyst with an acute focus on emerging markets and fintech innovations. Her insights into the cross-section of finance and technology have provided valuable guidance to investors navigating the complexities of the modern financial landscape. Esther's passion for demystifying economic trends and her ability to forecast financial shifts make her a trusted voice in finance.