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How to Buy Crypto with Unity Bank in Nigeria

Last updated on November 12, 2023

Quick Summary: While Unity 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 Nigeria 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.

Unity Bank Homepage

As mentioned in my quick summary, like most Nigeria banks, Unity 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.

There are a large number of cryptocurrency 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 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 Unity Bank

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

1. Pick a cryptocurrency 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 Unity Bank.

Buy Crypto With Binance

About Unity Bank

Unity Bank, also known as Unity Bank plc, is an institution that is primarily commercial in Nigeria.

Unity Bank is a large financial services company in Nigeria. The headquarters is in Lagos the capital of Nigeria’s commerce. Unity Bank also maintains an operations center in Abuja Nigeria’s capital. As of December 2012 Unity Bank’s assets total were estimated at around US$2.45 billion (NGN:396 billion) The shareholders’ equity of around $322 million (NGN:51.5 billion).

Unity Bank commenced operations in January 2006 after the amalgamation of nine Banks that specialize in corporate, investment, as well as retail banking. Presently, Unity Bank is one of the leading retail banks in Nigeria with 213 offices for business located across the 36 States as well as the Federal Capital Territory. They rank 8th in Nigeria’s largest bank in terms of business areas.

In December 2010 Unity Bank plc maintained 242 branches across all states of Nigeria which makes it the seventh-largest branch network in Nigeria. Additional 25 branches were being planned at the time.

The Bank offers a variety of financial services for individuals business, as well as those in the public sector that contribute to the economy. In addition, as a way of contributing to the development of the economy of Nigeria, Unity Bank focuses in particular on SMEs, Ketchup and Agribusinesses. They are motivated by the desire to become the bank of choice to all Nigerians and this is the basis of their work.

Its Head Office can be on Plot 42, Ahmed Onibudo Street, Victoria Island, Lagos.