How To Buy Crypto Effortlessly with ABSA Bank

buy crypto absa bank
Mike Harry
Feb 2024
5 min read
Fact checked

Summary: We recommend ABSA customers interested in buying digital currencies such as Bitcoin and Ethereum to register with regulated platforms like eToro and Uphold. Ideal for beginners, these platforms offer 100s of digital assets and are super easy to get started with. The signup process is quick, and once complete, you can safely deposit from your ABSA Bank account to begin investing in assets like BTC, ETH, SOL, ATOM, ADA, DOGE, and others.

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+3000 Cryptos, Stocks, ETFs

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Can I Buy Crypto With ABSA Bank?

Although it is not feasible to buy cryptocurrencies directly from ABSA Bank, their customers have the option to signup to regulated exchanges and invest in digital assets by depositing fiat currencies via bank or credit/debit card transfers.

Buy crypto with ABSA Bank & Uphold
Buy crypto with ABSA Bank & Uphold

How To Buy Crypto With ABSA Bank?

The first step to buying cryptocurrencies is to register for a safe and regulated exchange like eToro and Uphold. We recommend these platforms for beginners because they offer hundreds of cryptocurrencies and are user-friendly.

To connect your ABSA Bank account, simply sign up and complete the process in a few minutes for free of charge. To make your first deposit, you can choose between bank deposits (ACH) which are free, or credit/debit card transfers which carry a small fee.

Once your ABSA Bank account has been linked and your funds have been deposited, you can start trading cryptocurrencies such as Bitcoin, Ethereum, Solana, and many others.

How to sign up

1. ‍Create Account: Signup and add your identity verification.
2. Deposit Funds: Via your ABSA account or credit card/debit card.
3. Start Buying: Once your deposit has arrived in your account.
Buy Bitcoin with ABSA Bank & eToro
Buy Bitcoin with ABSA Bank & eToro

Does ABSA Bank allow crypto purchases?

ABSA Bank provides its customers with convenient access to conventional banking services but does not offer any products related to cryptocurrencies.

Nevertheless, ABSA Bank allows its customers to register on regulated cryptocurrency exchanges and make deposits from their ABSA accounts in order to buy digital currencies such as Bitcoin and Ethereum.

Buy crypto with ABSA Bank Credit Card?

If you are a customer of ABSA Bank, you have the possibility of using your debit or credit cards to deposit fiat currencies to regulated cryptocurrency exchanges.

It is important to note that we always recommend using regulated exchanges to avoid any potential issues when depositing or withdrawing funds.

Is ABSA Bank crypto friendly?

ABSA Bank is deemed to be a crypto-friendly bank due to its policies that allow customers to link their bank accounts or debit cards to regulated third-party exchanges.

Moreover, ABSA Bank does not place any restrictions on deposits and withdrawals made to and from regulated exchanges.

About ABSA Bank

ABSA Bank is one of Africa's largest and most trusted financial institutions, providing a wide variety of banking and financial services to customers across the continent.

ABSA Bank website
ABSA Bank website

Founded in 1913 as the South African Bank of Athens, ABSA has since undergone a number of mergers and acquisitions, and now operates as a subsidiary of the UK-based Barclays Bank PLC.

Today, ABSA has a broad range of customers that includes individual consumers, small businesses, large corporations, and government bodies.

With a presence in 12 countries in Africa, and a total of over 12 million customers, ABSA is one of the continent's leading financial institutions.

ABSA's wide range of products and services includes personal banking, business banking, wealth management, investment banking and corporate and investment banking.

Personal banking services provided by ABSA include savings accounts, credit cards, personal loans, home loans, vehicle finance and insurance products.

For businesses, ABSA offers a diverse range of services including business loans, asset finance, transactional banking, foreign exchange and cash management services.

ABSA has become a key player in the African financial landscape, serving as a trusted partner for individuals and organizations across the continent.

eToro

+3000 Cryptos, Stocks, ETFs

0% Fees on Stocks & ETFs

30M Users & 140 Countries

Regulated & Safe Platform

Visit eToro
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Author
Mike Harry
Mike is a passionate crypto enthusiast who bought his first Bitcoin in 2016. With a natural curiosity and a love for learning and tinkering, Mike is always trying out new DeFi applications. Mike excels at breaking down difficult concepts into easy-to-read guides for beginners.

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