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How to Buy Crypto with Rupali Bank in Bangladesh

Last updated on November 12, 2023

Quick Summary: While Rupali 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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Rupali Bank Homepage

As mentioned in my quick summary, like most Bangladesh banks, Rupali 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.

Thankfully there are many crypto trading platforms 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 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 Rupali 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 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 Rupali Bank.

Buy Crypto With eToro

About Rupali Bank

Rupali Bank Limited established through the merger of 3 former commercial bank i.e. Muslim Commercial Bank Limited, Australasia Bank Limited and Standard Bank which were operating in the region of East Pakistan on 26 March 1972, as part of the Bangladesh Banks (Nationalization) Order 1972.

Rupali Bank was a commercial bank that was nationalized up to 13 December of 1986. In 1986, the Bank was listed on the stock market, however the majority of its shares are held by the Government. Rupali Bank Limited was proclaimed the biggest Public Limited Banking Company of the country on the 14th December 1986.

Rupali Bank entered into an arrangement with Arif Habib Securities Limited to consider the possibility of setting up an joint venture with Pakistan during 2004. The branch of the bank in Pakistan was incorporated as an joint partnership together with Arif Habib Securities Limited in 2005. It was awarded the Bangladesh Best IT Use Award that was sponsored by Dutch-Bangla Banking Limited and presented by Bangladesh Association of Software and Information Services. Altaf Hossain Choudhury, Minister of Commerce was the person who handed the award to the bank.

As of the month June, Bangladesh Bank refused to take over the privatization process of Rupali Bank due to the massive dimension of the Bank. A Saudi supported company had expressed an plans to acquire the bank in 2006. More than 20 businesses had expressed an interest in purchasing Rupali Bank, which included Abu Dhabi United Group, Alliance Bank Malaysia Berhad, AmBank, Habib Bank Limited, ICICI Bank, State Bank of India, Melewar Industrial Group Berhad as well as United Bank Limited.

The bank set up Rupali Investment Limited as a 100% owned subsidiary in the year 2010.