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How to Buy Crypto with Standard Chartered Bank in Bangladesh

Last updated on November 12, 2023

Quick Summary: While Standard Chartered 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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Standard Chartered Bank Homepage

As mentioned in my quick summary, like most Bangladesh banks, Standard Chartered 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 crypto 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 SCB

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 Standard Chartered Bank.

Buy Crypto With eToro

About Standard Chartered Bank

SCB BD (officially M/S Standard Chartered Bank Bangladesh Pvt. Ltd.) is an investment and banking company with its headquarters in Dhaka, Bangladesh and a fully controlled subsidiary to Standard Chartered. Standard Chartered has been operating in Bangladesh for more than 100 years.

Standard Chartered Bank is currently advertising Saadiq Banking. Standard Chartered Bank Bangladesh has recently, since January 2014, streamlined the process of applying for an International Credit Card and have entered into the market by offering Visa and Master cards.

Private banks such as Dutch Bangla Bank Limited and BRAC Bank Limited have booths throughout the country, BRAC Bank Limited has a limited presence in Bangladesh although it is among the biggest foreign banks in Bangladesh. There are branch offices located in Bogra, Chittagong, Dhaka, Khulna, Savar and Sylhet. There are ATMs everywhere in Dhaka as well as Chittagong.

Following the division of India’s subcontinent, in 1947 Standard Chartered started its business in the region that is now Bangladesh in 1948 in Chittagong, a port city. of Chittagong.

In a move Standard Chartered said transformed it into the biggest foreign bank in Bangladesh the bank purchased Grindlays Bank from ANZ in August 2000. By doing this it gained an operating history in Bangladesh that dates from 1905. It was in 2005 that Standard Chartered bought out the Bangladesh banking operations of American Express.