How to buy crypto (Bitcoin) at Awash Bank?
Do you want to buy crypto with your bank account at Awash Bank? Follow the steps in this article to buy Bitcoin & other crypto with your bank account at Awash Bank.
How to buy crypto with Awash Bank?
Step 1: open an account with a crypto exchange
Awash Bank does not currently offer crypto to its customers. However, by linking your bank account to a crypto exchange, you can buy Bitcoin & other crypto without any problems. In the overview below, you can immediately see which crypto exchanges you can join:
|Trade in Bitcoin & other cryptos! Try for free with a demo & deposit money with Awash Bank after. eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.|
Step 2: deposit money with Awash Bank
After your crypto account is opened and approved, you can directly deposit funds using your bank account with Awash Bank. Keep in mind that it sometimes takes several working days for the money to arrive in your account. Furthermore, some crypto exchanges charge extra fees for foreign currency exchange.
Step 3: buy crypto with Awash Bank
Next, select the crypto you want to buy within the crypto exchange. In this example, I will select Bitcoin, as it is still by far the most popular cryptocurrency. Within the order screen, you then enter the amount you would like to invest. Press the buy button to send the order directly to the crypto exchange.
It is smart to then evaluate your investments regularly. You can sell your crypto investment at any time and have the funds transferred back to your bank account.
What is Awash Bank’s crypto policy?
Awash Bank doesn’t have a stated crypto policy, but they don’t block crypto transactions just yet. Therefore, when you buy from a reliable crypto exchange, you can invest in crypto coins without any problems.
What is Ethiopia’s crypto policy?
Many people wonder what the government of Ethiopia thinks about cryptocurrencies. The Ethiopian government is currently investigating how to use cryptocurrencies and blockchain technology to improve the economy and strengthen the financial sector. The country has a growing technology sector and a young population, which could make crypto very popular.
Despite Ethiopia’s government indicating that blockchain technology could be valuable, the government has yet to launch many specific policies. Therefore, it is wise to keep a close eye on the governments’ stance: that way, you won’t face any surprises when buying crypto with your bank account in Ethiopia.
About Awash Bank
Awash Bank is one of the oldest banks in Ethiopia and was established in 1996. Awash Bank offers a wide range of financial products and services to corporate and retail customers, including savings accounts, loans, current and money transfers and insurance.
With more than 700 branches, Awash Bank is one of the leading banks in Ethiopia. Given the growing population in the country, the bank has ample opportunities to grow even further.
Can you buy Bitcoin from Awash Bank?
It is not possible to buy Bitcoin & other crypto at Awash Bank. However, you can invest in crypto at Awash Bank through a crypto exchange. By following the steps at the beginning of this guide, you can link your Awash Bank account to a reliable crypto exchange instantly & without any hassle.
Over Alex Mostert
Already in 2015 I bought my first Bitcoins for roughly $300, only to sell them shortly after for $900. At the time I thought I benefited from the deal of the century, but I, of course, had no idea Bitcoin would become as popular as it is today. On this website, I want to teach everybody how to buy Bitcoin through their bank.