Summary: BDO Bank customers eager to invest in cryptocurrencies such as Bitcoin and Ethereum can do so easily via eToro and Uphold. These platforms are regulated and designed for beginner crypto investors who are looking for a secure and straightforward way to buy cryptocurrencies. Registering takes only a few minutes and you can then transfer funds from your BDO Bank via regular bank transfer or by using your credit/debit card.
+3000 Cryptos, Stocks, ETFs
0% Fees on Stocks & ETFs
30M Users & 140 Countries
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While BDO Bank does not facilitate the direct sale of cryptocurrencies, its account holders can still buy digital assets via third-party prociders.
By using your BDO Bank account, you can signup and transfer funds to licensed cryptocurrency exchanges such as eToro or Uphold.
The first step to buying and selling cryptocurrencies is to sign up for a safe and regulated exchange such as eToro and Uphold.
It is recommended to use either of these platforms because they are beginner-friendly and have hundreds of cryptocurrencies available to trade.
Signing up is quick and free of charge and after completing the sign-up process, you can connect your BDO Bank account and make your first deposit.
ACH bank deposits are free of charge, while credit/debit card transfers come with a small fee. However, the advantage of credit/debit card transfers is that funds arrive instantly, while bank transfers may take some time.
Once you have successfully funded your account, you can start buying and selling various cryptocurrencies such as Bitcoin, Ethereum, Solana, and many others.
1. Create Account: Signup and add your identity verification.
2. Deposit Funds: Via your BDO account or credit card/debit card.
3. Start Buying: Once your deposit has arrived in your account.
BDO Bank offers customers convenient and hassle-free access to traditional banking services such as savings accounts, checking accounts, and loans. However, their focus and expertise lie solely in traditional banking and they do not offer any products or services related to cryptocurrencies.
Despite this, BDO Bank recognizes the growing demand and interest in cryptocurrencies, and as such, they allow their customers to sign up for regulated exchanges and deposit funds to buy and sell cryptocurrencies.
Customers of BDO Bank are permitted to use their debit or credit cards to deposit fiat currencies to regulated cryptocurrency exchanges, which enables them to buy and sell cryptocurrencies. It is highly recommended to opt for regulated exchanges to avoid any possible issues that may arise when depositing or withdrawing funds.
Although BDO Bank does not directly provide services related to cryptocurrencies, it is regarded as a "crypto-friendly" bank due to its open and accommodating approach to crypto trading.
The bank has further not been reported to decline deposits or withdrawals to and from these regulated exchanges.
Banco de Oro or BDO Bank is one of the leading universal banks in the Philippines today. Established in 1968 as Acme Savings Bank, the bank underwent several transformations throughout the years, including mergers and acquisitions, before it became Banco de Oro in 2001.
BDO Bank is part of the SM Group of Companies, one of the largest conglomerates in the Philippines, and is headed by chairperson Tessie Sy-Coson, daughter of tycoon Henry Sy.
Today, BDO Bank has over 1,400 branches and more than 4,400 ATMs nationwide, making it one of the largest banks in terms of physical presence in the country.
It also has a growing international presence, with offices and subsidiaries in various countries such as Hong Kong, Singapore, Japan, Europe, and the US.
With over 25 million clients, BDO Bank offers a wide range of financial products and services that cater to the needs of both individual and corporate clients. Its products and services include savings and checking accounts, loans, investments, insurance, credit cards, and remittance services, among others.
BDO Bank also offers specialized services such as trust and investment management, corporate cash management, and foreign exchange services.
BDO Bank has received several awards and recognitions, such as the Best Bank in the Philippines award from Euromoney for six consecutive years (2015-2020).
+3000 Cryptos, Stocks, ETFs
0% Fees on Stocks & ETFs
30M Users & 140 Countries
Regulated & Safe Platform
