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How to Buy Crypto with OCBC Bank in Singapore

Last updated on November 12, 2023

Quick Summary: While OCBC 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 Singapore 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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OCBC Bank Homepage

As mentioned in my quick summary, like most Singapore banks, OCBC 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 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 OCBC

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 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 OCBC Bank.

Buy Crypto With eToro

About OCBC Bank

OCBC Bank is the longest established Singapore bank that was established in 1932 following the amalgamation with three banks in Singapore, the earliest of which was established in 1912. It is today the second-largest financial services company within Southeast Asia by assets and one of the most highly rated banks, having An Aa1-rated rating by Moody’s. The bank is recognized for its solid financial stability and stability, OCBC Bank is consistently placed among the World’s Top 50 Safest Banks by Global Finance and has been named the Best Managed Bank by the Banker of Singapore from The Asian Banker.

OCBC Bank and its subsidiaries provide a variety of commercial banking, financial and wealth management solutions including corporate, consumer investment, private and transaction banking, to the treasury insurance, asset management, insurance and stockbroking.

OCBC Bank’s main markets include Singapore, Malaysia, Indonesia and Greater China. There are greater than 570 branches as well as representative offices across 19 regions and countries. They include around 300 branch offices as well as offices within Indonesia under the subsidiary Bank OCBC NISP, and more than 90 offices and branches throughout Mainland China, Hong Kong SAR and Macau SAR under the umbrella of OCBC Wing Hang.

Private banking services offered by OCBC Bank are offered through its 100%-owned affiliate Bank of Singapore, which utilizes an unique open-architecture product platform to look for top-of-the-line products to satisfy the needs of its customers.

Insurance subsidiary of the OCBC Bank called Great Eastern Holdings, is the oldest and longest established life insurance company within Singapore as well as Malaysia. Its subsidiary for asset management, Lion Global Investors, is among the biggest privately-owned asset management firms within Southeast Asia.