Summary: Customers of OCBC Bank who want to buy cryptocurrencies have to signup to regulated exchanges like eToro. These are beginner-friendly platforms that are used by millions and regulated across the world. They are perfect for beginners who want a simple way to invest in 100s of cryptocurrencies. You can get started right away by signing up and making your first deposit via bank or credit/debit card transfer!
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 OCBC Bank?
Although buying cryptocurrencies directly via OCBC Bank is not currently possible, the value of having an OCBC Bank account comes in handy since you can indirectly purchase cryptocurrencies online.
This can be done by connecting your OCBC Bank account or linking your debit or credit card to a regulated cryptocurrency exchange like eToro or Uphold.
So even if OCBC Bank doesn't facilitate direct cryptocurrency purchases at present, clients with an OCBC Bank account can still purchase digital assets indirectly through reputable exchanges.
How To Buy Crypto With OCBC Bank?
The first step to begin trading cryptocurrencies is to sign up for a safe and regulated exchange. We recommend using eToro and Uphold for this purpose as they are beginner-friendly and offer easy-to-use interfaces that allow you to buy and sell 100s of different cryptocurrencies.
Since you have an account with OCBC Bank, you can link it with the exchanges and start investing. After signing up with the exchange, the next step is to make your first deposit, which you can do by connecting your OCBC Bank account.
You can choose to make a bank deposit (ACH) which is free of charge or use a credit/debit card transfer which is a bit more expensive. The advantage of using card transfers is that the funds are transferred instantly, while bank transfers may take some time to process.
Signup in two minutes
1. Create Account: Signup and add your identity verification 2. Deposit Funds: Via your OCBC account or credit/debit card 3. Start Buying: Once your deposit has arrived in your account
Buy Bitcoin with OCBC Bank & Uphold
Does OCBC Bank allow cryptocurrencies?
OCBC Bank offers its customers convenient access to a range of conventional banking services, such as savings accounts, loans, credit cards, and more.
However, the bank does not specialize in providing any products or services related to the cryptocurrency market. Despite this, OCBC Bank allows its customers to register with regulated exchanges and deposit funds to purchase and sell digital currencies like Bitcoin and Ethereum.
Buy crypto with OCBC Bank Credit Card?
OCBC Bank customers have the option to transfer fiat currencies to regulated cryptocurrency exchanges using their debit or credit cards. To ensure a hassle-free experience when depositing or withdrawing funds, choosing a regulated exchange is strongly recommended!
Is OCBC Bank crypto friendly?
Even though OCBC Bank doesn't offer any direct services related to cryptocurrencies, it is still regarded as a crypto-friendly bank. OCBC Bank's customers can easily connect their bank accounts or debit cards to regulated third-party exchanges to buy and sell various digital currencies.
OCBC Bank is well-known for not limiting deposits and withdrawals to and from such regulated exchanges. Therefore, even though OCBC Bank doesn't currently offer any services related to cryptocurrencies, it is still a crypto-friendly bank as it doesn't interfere with customers who use third-party providers to buy and sell crypto assets.
OCBC Bank, or Oversea-Chinese Banking Corporation, is one of the leading financial institutions in Asia, offering a range of banking and financial services to customers in Singapore and beyond.
OCBC Bank website
The bank has a rich history, dating back to its inception in 1932 in Singapore as part of the Chinese Commercial Bank. Over the years, the bank has expanded its services and reach, growing into a respected and comprehensive financial services provider.
Currently, the bank serves millions of customers globally, with a significant presence in Singapore, Malaysia, and Greater China. Its offerings are diverse, including personal and corporate banking, wealth management, asset management, insurance, and investment banking.
OCBC Bank’s commitment to customer satisfaction and innovation has seen it win numerous awards, including the prestigious World's Best Bank award by Euromoney in 2019.
The bank attributes this success to its focus on delivering quality services backed by the latest technology, ensuring that customers enjoy a seamless banking experience. With branches, ATMs, and online and mobile banking options, the bank is easily accessible to its clients, making banking with OCBC both convenient and efficient.
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.
