How to Buy Crypto with RBL Bank in India

Last updated on November 12, 2023

Quick Summary: While RBL 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.

RBL Bank Homepage

As mentioned in my quick summary, like most India banks, RBL 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.

Thankfully there are many cryptocurrency exchanges to pick from that allow you 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 RBL Bank

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

1. Pick a crypto 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 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 RBL Bank.

Buy Crypto With Binance

About RBL Bank

RBL Bank, formerly known as Ratnakar Bank, is an Indian private sector bank that is headquartered in Mumbai and established in 1943. It provides services across six areas including institutional and corporate banks, commercial bank branch and retail banking, business banking development banking, financial inclusion, treasury , and financial market operations.

As of March 20, 2022 the company has 502 branches and 414 ATMs spread across the 28 union territory and states. There are 9,257 employees. The Bank also operates 1418 branches that are business correspondents of which 870 branches for business correspondents are run through RBL Finserve Limited, a fully controlled business associate of the Bank.

In 2016 the bank conducted the financial literacy program Saksham in conjunction with CDC in order to educate 300 villages and 25,000 residents in four districts in Madhya Pradesh. Another Saksham program was launched through Ahmedabad the year 2013.

In the year 2018, RBL Bank partnered with MoneyTap to create India’s first personal credit line-based application. In the same month, in June the company made public announcements that it had increased its stake in the microlender Swadhaar FinServe to 100 per percent.