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How to Buy Crypto with Victoria Commercial Bank in Kenya

Last updated on November 12, 2023

Quick Summary: While Victoria Commercial 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 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.

Victoria Commercial Bank Homepage

As mentioned in my quick summary, like most Kenya banks, Victoria Commercial 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 crypto exchanges that you can use to buy Bitcoin and other cryptocurrencies.

Next you’ll want to sign up to an exchange (for this short guide I’ll use Coinbase as it’s a global and widely used exchange) and deposit funds so you can start trading crypto.

How to buy crypto or bitcoin with Victoria Commercial Bank

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

1. Pick a crypto trading platform

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 Victoria Commercial Bank.

Buy Crypto With Coinbase

About Victoria Commercial Bank

Victoria Commercial Bank (VCB) is a private bank located in Kenya. They are licensed to operate as a commercial institution through the Central Bank of Kenya, the Central Bank and national banking regulator.

The bank has five branches located in Nairobi Kenya’s capital. The principal branch is situated in Victoria Towers, in the elegant neighborhood of Upper Hill, 3 kilometres (2 miles) northwest of Nairobi’s central business district. in Nairobi the capital of Kenya.

Victoria Commercial Bank was established in 1987 under the name Victoria Finance Company, a non-bank financial establishment (NBFI). Following the issue of a banking license from Kenya’s Central Bank of Kenya, Victoria Commercial Bank was rebranded as Victoria Commercial Bank.

This bank operates as classified as a Level III private bank located in Kenya East Africa’s biggest economy. VCB concentrates on serving large companies and high-net-worth customers. It also offers individual banking services for workers of their corporate clients. The bank later began offering loans to qualified small and medium-sized businesses (SMEs).

In December 2016 the total assets of the bank were estimated to be around US$225.2 millions (KES:22.4 billion) and shareholders’ equity around US$50.85 Million (KES:5.06 billion).