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How to Buy Crypto with Philippine Bank of Communications in Philippines

Last updated on November 12, 2023

Quick Summary: While Philippine Bank of Communications 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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Philippine Bank of Communications Homepage

As mentioned in my quick summary, like most Philippines banks, Philippine Bank of Communications doesn’t allow users to trade cryptocurrency directly on their platform, due to the complexities with setting up a cryptocurrency 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 PBCOM

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 Philippine Bank of Communications.

Buy Crypto With eToro

About Philippine Bank of Communications

The Philippine Bank of Communications (PBCOM) was established on the 4th of September 1939 in the Trade and Commerce Building on Juan Luna Street, Binondo, Manila. An affiliate of the Bank of Communications headquartered in Taiwan and Taiwan, it was among the first non-American commercial banks that operated within the Philippines.

PBCOM stopped operations in the course of Japanese occupation, just like many banks during the period. When it reopened its doors following World War II, the Bank restored its accounts from before the war in spite of the absence of any legal obligation to perform this.

In 1946, Cebu Bank was a member of in 1946 the Manila Clearing House Association to accelerate the flow of business for its customers and in response to the growing demand across the nation for greater banking services, it established an office in Cebu the following year.

PBCOM became Filipino ownership after Ralph Nubla and company purchased majority of the capital stock outstanding on June 21 1974. Then, in February of 1988 PBCOM became listed on the Makati and Manila Stocks Exchanges. As of December 15, 1995 for the financing of its Branch Expansion and Information Technology Program The Bank provided 1 million ordinary shares to its general public in the very first instance.

Since September of 2014, the arrival by the Mr. Lucio Co as the bank’s strategic investor placed PBCOM in a prime position to grow. The Bank is focusing on enhancing its capabilities to take advantage of the over more than 300,000. loyal clients of Puregold Price Club Inc. and Cosco Capital Inc.