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How to Buy Crypto with Prime Bank in Bangladesh

Last updated on November 12, 2023

Quick Summary: While Prime 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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Prime Bank Homepage

As mentioned in my quick summary, like most Bangladesh banks, Prime Bank doesn’t allow users to trade cryptocurrency directly on their platform, due to the complexities with setting up a cryptocurrency trading platform 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 Prime 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 Prime Bank.

Buy Crypto With eToro

About Prime Bank

Prime Bank Limited is a private commercial bank located in Bangladesh with its head office in Dhaka. With 170 ATMs and 146 branches, it operates in consumer, corporate, MSME and sustainable banking. Tanjil Chowdhury, managing director of East Coast Group, is the chairman of Prime Bank.

Prime Bank was created and the business was launched on April 17, 1995. Islamic banking operations of Prime Bank Limited started in 1995 with the opening of an Islamic branch of the bank in Dilkusha, Dhaka. The operation of Islamic banking branch are overseen by the Prime Bank Shari’ah Supervisory Committee. It was established as a company under the Companies Act of 1994. The bank’s founders comprise Azam J Chowdhury who is chairman of the East Coast Group. East Coast Group.

The year 2020 is the time for this. Prime Bank has launched female-only banking services called Neera. The Neera banking offers products to assist women who are not banked to achieve independence and financial freedom. Prime Bank has a countrywide program that aims to increase financial literacy among unbanked women in society.

In the month of October 2021, the bank received 30 million dollars in funding by British International Investment.