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How to Buy Crypto with Midland Bank in Bangladesh

Last updated on November 12, 2023

Quick Summary: While Midland 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 Bangladesh 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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Midland Bank Homepage

As mentioned in my quick summary, like most Bangladesh banks, Midland 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.

Thankfully there are many cryptocurrency exchanges 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 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 Midland Bank

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

1. Pick a crypto 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.

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 cryptocurrency

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 Midland Bank.

Buy Crypto With eToro

About Midland Bank

Midland Bank Limited is a fourth generation private commercial bank located in Bangladesh. Nilufer Zafarullah is chairperson of Midland Bank Limited. Md Ahsan-uz-Zaman manages the bank as its managing director. He is also the chief executive officer for Midland Bank Limited.

Midland Bank Limited was established on March 20, 2013. It was among nine 4th generation banks approved each of which has close ties to Awami League, the government political party. Bangladesh Bank approved Midland Bank Limited with the condition that the bank eventually be listed on the stock exchange.

Md Ahsan-uz Zaman joined Midland Bank Limited in July 2014 as Midland Bank’s chief executive officer and managing director.

In 2018, the defaulted loan amount from Midland Bank Limited rose from 220 million taka up to 700 million taka.

Then in July of 2020 Md Az Zaman was reappointed as Midland Bank’s Chief Executive Officer as well as the Managing Director. On June 20, 2021, Bangladesh Bank included Midland Bank Limited as a member of the Interoperable Digital Transaction Platform and Bangladesh Electronic Funds Transfer Network. In 2020, Midland Bank had 45.06 billion of taka in deposits, as well as 37.86 billion of loans.

Midland Bank distributed loans worth 45 million taka to weavers from Jamdani in Narayanganj in partnership in partnership with USHA Foundation.

MDB is always striving to offer high-quality banking services with a greater focus on customer service and provide a variety of needs-based items and products.