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How to Buy Crypto with Security Bank in Philippines

Last updated on November 12, 2023

Quick Summary: While Security 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 Philippines 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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Security Bank Homepage

As mentioned in my quick summary, like most Philippines banks, Security 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 cryptocurrency 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 Security Bank

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

1. Pick a cryptocurrency 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 Security Bank.

Buy Crypto With eToro

About Security Bank

Security Bank Corporation (SBC) is a universal bank located in the Philippines. It was founded on the 18th of June 1951, under the name Security Bank and Trust Company and was the first private , Philippine-controlled bank in the post-war period.

Security Bank was publicly listed on the Philippine Stock Exchange in 1995 (PSE SECB). The major business areas of the bank are commercial, retail as well as corporate banks, as well as financial markets. It provides a broad range of services including leasing and financing as well as stock brokerage and foreign exchange as well as investment banking and the management of assets through its affiliates.

The year 2014 was the time that Security Bank embarked on an overhaul of its brand name “BetterBanking” to further strengthen market recognition for its banking retail division, which is in conjunction with its wholesale banking.

In January, The Bank of Tokyo-Mitsubishi Japan’s biggest bank, purchased 20 percent of the stake in Security Bank for a deal in the amount of P36.9 billion.

By the year 2021 Security Bank has a total of 787 ATMs across the country.

The bank in 2016 joined forces with Japan’s biggest bank, The Bank of Tokyo-Mitsubishi Ltd. (BTMU) for the purpose of helping boost its capital and expand their global capabilities. BTMU has become the 2nd largest shareholder in Security Bank and is now an equity affiliate of BTMU.