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How to Buy Crypto with Uttar Bihar Gramin Bank in India

Last updated on November 12, 2023

Quick Summary: While Uttar Bihar Gramin 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 India 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.

Uttar Bihar Gramin Bank Homepage

As mentioned in my quick summary, like most India banks, Uttar Bihar Gramin 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 cryptocurrency 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 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 Uttar Bihar Gramin Bank

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

1. Pick a crypto 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 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 Uttar Bihar Gramin Bank.

Buy Crypto With Binance

About Uttar Bihar Gramin Bank

Holy stream Ganges splits Bihar into two regions, North Bihar and South Bihar. North Bihar is the home of the Uttar Bihar Gramin Bank.

In the initial stage of amalgamation, there were seven Regional Rural Banks, viz; Mithila Kshetriya Gramin Bank, Madhubani Kshetriya Gramin Bank, Champaran Kshetriya Gramin Bank, Vaishali Kshetriya Gramin Bank, Saran Kshetriya Gramin Bank, Gopalganj Kshetriya Gramin Bank and Siwan Kshetriya Gramin Bank had been amalgamated into the form of Uttar Bihar Kshetriya Bank(UBKGB) w.e.f. 1st March, 2006. In the second stage of amalgamation Kosi Koshetriya Gramin Bank(KKGB) joined together with UBKGB w.e.f. 1 May 2008, to form the Uttar Bihar Gramin Bank(UBGB).

Uttar Bihar Gramin Bank, located in Muzaffarpur it is owned by Central Bank of India, and is present in 18 districts. viv; Araria, Madhepura, Supaul, Saharsa, Kishanganj, Katihar, Purnea, Madhubani, Darbhanga, Sitamarhi, Muzaffarpur, Vaishali, East Champaran, West Champaran, Gopalganj, Siwan, Saran and Sheohar of North Bihar.

The branch network comprises 1032 branches (639 Rural, 349 semi Urban as well as 44 Urban Branch) as well as 33430 BC branches (Sunahara Sapna Kendras) is managed via 14 regional office in Araria, Bettiah, Chapra, Darbhanga, Gopalganj, Hajipur, Jhanjharpur, Madhubani, Motihari, Muzaffarpur, Purnea, Saharsa, Sitamarhi and Siwan.

To ensure the effective operation for the effective functioning of BC outlets and to impart financial knowledge to the rural population For the purpose of ensuring that BC outlets are functional and effective, there are 18 Financial Literacy Centres(FLCs) have been set up across the 18 districts of Command Area.

UBGB is the biggest RRB of India with respect to its customer population, employee strength, and branches. The bank has played a crucial roles in the development of economic activity in the region.