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How to Buy Crypto with Premier Bank in Bangladesh

Last updated on November 12, 2023

Quick Summary: While Premier 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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Premier Bank Homepage

As mentioned in my quick summary, like most Bangladesh banks, Premier Bank 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 cryptocurrency 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 Premier 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 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 Premier Bank.

Buy Crypto With eToro

About Premier Bank

It is the Premier Bank Limited (PBL) is a commercial bank that is privately owned with its official office located at Banani, Dhaka, Bangladesh. The Dr. H. B. M. Iqbal is the Chairman. Shafiqur Rahman is the founders and Directors of the Bank. M. Reazul Karim, FCMA is currently the CEO and Managing Director.

The bank was founded on the 10th of June 1999. Bangladesh Premier League sold tickets in 2013 at branch offices of the bank.

in 2013, Bangladesh Bank launched an investigation into allegations made against the bank’s vice chair BH Haroon. One of the customers from the Bank, Khalilur Rahman, claimed that the vice chairman of the bank, BH Haroon, stole Tk 134 crore from his account in 2008, in collaboration with bank officials. Khalilur received an Tk 203 crore work-order to construct 15,000 homes in Sidr affected areas of the southern part of Bangladesh in June of 2008.

The project was financed through Saudi government. Saudi government. Khalilur opened a bank account at Bangshal branch at Premier Bank to make transactions to fund the project. He was awarded the sum of Tk 203.06 millions in cash from the Saudi government in seven cheques. Khalilur took Tk 69.11 million from his account and kept the remainder Tk 133.95 crore in his account. After a preliminary investigation, the Anti-Corruption Commission has found evidence of the embezzlement of Tk62 millions from an account belonging to a customer of the Premier Bank’s Bangshal branch.

In 2014, the Bank was punished with 2 million Bangladesh Taka for money laundering. The Bank was fined along with seven other banks.

In 2016, cash worth 4 million taka was snatched from the ATMs of the bank by using cloned Saudi Arabian credit cards.