How To Best Buy Crypto With VTB Bank

buy crypto vtb bank
Mike Harry
Feb 2024
4 min read
Fact checked

Summary: VTB Bank customers that want to buy cryptocurrencies like Bitcoin and Ethereum can easily and safely do so via eToro and Uphold. These platforms are regulated and cater to both beginners and more experienced users. They provide a simple way to create a free account and you can then deposit fiat currencies such as RUB, EUR, or USD from your VTB account via bank deposit or by using a credit/debit card.

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Can I Buy Crypto With VTB Bank?

Although VTB Bank does not offer direct cryptocurrency purchases, its account holders can still indirectly buy digital assets using their VTB Bank account. This can be done by linking their credit or debit card to a regulated cryptocurrency exchange such as eToro or Uphold.

Buy crypto with VTB Bank & Uphold
Buy crypto with VTB Bank & Uphold

How To Buy Crypto With VTB Bank?

To start investing in cryptocurrencies, the first step is to register on a secure and licensed exchange like eToro and Uphold. We highly recommend signing up to eToro and Uphold as they are user-friendly, especially for novices, and provide access to hundreds of cryptocurrencies.

To begin the registration process, you simply need to spend a few minutes and sign up for free. Upon completing the registration process, you can link your VTB Bank account with the chosen exchange and submit your first deposit.

Depositing money via bank deposits (ACH) is free while credit/debit card transfers have a small fee.

Once your funds have been deposited successfully, you can begin buying different cryptocurrencies such as Bitcoin, Ethereum, Solana, Arbitrum, Cosmos, Optimism, Cardano and many others!

How to sign up

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


Does VTB Bank allow crypto purchases?

VTB Bank is not offering any products or services related to the cryptocurrency space. Despite this, VTB Bank allows its customers to sign up for regulated cryptocurrency exchanges and deposit money to buy and sell cryptocurrencies like Bitcoin and Ethereum.

Buy crypto with VTB Bank Credit Card?

Customers of VTB Bank are permitted to use their debit or credit cards to deposit fiat currencies to regulated cryptocurrency exchanges.

Is VTB Bank crypto friendly?

VTB Bank, while not directly offering any services related to cryptocurrencies, can still be considered a crypto-friendly bank due to its policies and practices.

Despite not having any internal services for purchasing or selling cryptocurrencies, VTB Bank customers are allowed to connect their bank accounts or link their debit cards to regulated third-party exchanges for carrying out these transactions.

Furthermore, VTB Bank has not been known to place any restrictions on deposits and withdrawals to or from regulated exchanges.

About VTB Bank

VTB Bank, or Vneshtorgbank, is one of the leading banks of Russia. Founded in 1990, it's headquartered in Moscow and is the second largest bank in the country in terms of assets.

VTB Bank

VTB Bank was founded in 1990 as a joint venture between the Soviet Vneshtorgbank and the Bank of Tokyo. The bank was privatized in 1995 and became a fully Russian-owned bank. In 2002, VTB Bank was merged with the Bank of Moscow, which made it the second-largest bank in Russia.

VTB Bank has a wide range of activities, including retail banking, corporate banking, investment banking, and asset management. The bank has a presence in over 17 countries, including Russia, Europe, Asia, and Africa.

VTB Bank is a major player in the Russian economy. The bank provides loans to businesses and individuals, and it also invests in infrastructure projects. VTB Bank is also a major player in the Russian stock market.

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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