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How to Buy Crypto with Prathama UP Gramin Bank in India

Last updated on November 12, 2023

Quick Summary: While Prathama UP Gramin 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 India cryptocurrency exchanges to pick from, but we suggest using the Binance.

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.

Prathama UP Gramin Bank Homepage

As mentioned in my quick summary, like most India banks, Prathama UP Gramin 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 exchanges 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 Binance 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 Prathama Bank

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

1. Pick a cryptocurrency exchange

As mentioned above, I’ll be using Binance 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 Binance

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 Binance 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 Prathama UP Gramin Bank.

Buy Crypto With Binance

About Prathama UP Gramin Bank

Prathama UP Gramin Bank has been founded on April 1st, 2019 following the amalgamation of two rural regional banks from Uttar Pradesh: Prathama Bank and Sarva UP Gramin Bank.

The establishment of Prathama UP Gramin Bank took place in the subsection (1) of section 23A of the Regional Rural Bank Act, 1976 (21 of 1976).).

There are 938 branch locations of the bank across 19 districts in Uttar Pradesh; it will also have a branch located in the Haridwar District in Uttarakhand. The bank is backed by Punjab National Bank.

Prathama U.P.Gramin Bank, sponsored by Punjab National Bank one of the most prominent commercial Bank of India, came into existence after the merger of two RRBs Viz ( Sarva UP Gramin bank Meerut and Prathama Gramin bank Moradabad) operating in the region that covers the entire Uttar Pradesh “East to West” pursuant to section (1) in section 23A of the Regional Rural Bank Act, 1976 (21 of 1976) pursuant to Govt. of India Notification issued on 22.02.2019.

The Bank has its Head Office in Moradabad. The bank’s operation area is spread over 20 districts viz.Bulandshahar, Ghaziabad, Meerut, Gautam Budh Nagar, Hapur, Baghpat, Shamli, Saharanpur, Muzaffaranagar, Bijnor, Haridwar, Gonda, Balrampur, Sambhal, Budaun , Jhansi, Lalitpur, Moradabad, Rampur, Amroha.

The goal of the bank is “To Cater The Banking Needs Of The People In Their Operational Area With Excellence.”