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How to Buy Crypto with Standard Chartered Kenya

Last updated on November 12, 2023

Quick Summary: While Standard Chartered Kenya 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 Kenya cryptocurrency exchanges to pick from, but we suggest using the Coinbase 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.

Standard Chartered Kenya Homepage

As mentioned in my quick summary, like most Kenya banks, Standard Chartered Kenya 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.

There are a large number of crypto exchanges 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 Coinbase 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 Standard Chartered Bank

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

1. Pick a crypto exchange

As mentioned above, I’ll be using Coinbase 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 Coinbase

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 Coinbase 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 Kenya.

Buy Crypto With Coinbase

About Standard Chartered Kenya

Standard Chartered Kenya, whose official name is Standard Chartered Bank Kenya Limited however, it is sometimes called Stanchart Kenya, is a commercial bank located in Kenya. It is an affiliate to Standard Chartered, a British multi-national financial company with its headquarters at London, United Kingdom, called Standard Chartered.

Stanchart Kenya is one of the banks that are licensed to operate by the Central Bank of Kenya, the national bank and central bank regulator in Kenya, the most populous economy of East Africa. East African Community.

Standard Chartered Kenya is a significant financial services provider in Kenya. In December 2013 the total assets were worth around US$2.539 billion (KES:220.39 billion) and shareholders’ equity around US$417.1 millions (KES:36.2 billion). At the moment, Standard Chartered Kenya was the 4th largest bank in terms of assets, of the licensed 43 banks within Kenya.

According to the official website that is maintained by the Central Bank of Kenya, the Standard Bank of British South Africa was granted the commercial bank license it had in the year 1910 to begin banking operations across British East Africa. In the month of January, 1911, the bank inaugurated its first two branches one in the nation’s capital city, Nairobi as well as another within the city’s port of Mombasa.

The year was 1969 and the name of the bank became Standard Chartered Bank of Kenya after its parent company called that of the Standard Bank of South Africa was joined by the Chartered Bank of India, Australia and China creating Standard Chartered Bank. Standard Chartered Bank. in 1987, Standard Chartered sold all its shares in the Standard Bank of South Africa and completely resigned of the entire group.

The shares of Standard Chartered Kenya was listed on the Nairobi Securities Exchange (NSE) in 1989. It offered 21 million shares for the general public. It was the biggest single listing on the NSE in the year. At the time of August 14, 2014, the NSE was operating 34 branches, with 90 Automated Teller Machines (ATMs) and more than 1700 employees.