How to buy bitcoin & other crypto at Banco Bradesco
Do you want to buy crypto with your bank account at Bradesco? In that case, you have come to the right place! In this article, you will instantly learn how to buy Bitcoins, Ethereum and other crypto with Banco Bradesco!
How to buy crypto with Bradesco?
Step 1: open an account with a crypto exchange
You need an account with a crypto exchange to invest in cryptocurrencies with Banco Bradesco. 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 Bradesco after. eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.|
Step 2: deposit money from Bradesco
After you open an account, you can deposit funds using your Bradesco bank account. Keep in mind that it can sometimes take several days for the money to appear on your crypto account. If you have problems with your deposit, you can contact the crypto exchange platform.
Step 3: buy crypto with Bradesco
After your account is activated, you can start buying crypto with Bradesco. You can trade in hundreds of cryptocurrencies at most crypto exchanges. Bitcoin is the best known, but you can also invest in altcoins. When selecting a crypto, you can consider the following factors:
- Function: does the crypto have a function, or is it just hyped. A so-called meme coin has no function, and the value of a similar crypto coin can often fall rapidly.
- Future: does the team behind the cryptocurrency present a clear vision for the future?
- Whitepaper: reliable cryptocurrencies always have a whitepaper explaining the cryptocurrency.
When investing in altcoins, it is important to do proper research. Once you have decided which crypto you want to buy, you can navigate to the crypto within the platform.
Within the order screen, you then enter the amount you would like to invest. You can also use an order: you will then only open the position at a certain price. Once you send the order to the crypto exchange, it may take several minutes for it to be executed.
Invest in crypto at Bradesco safely
- Scams: beware of crypto scams! By no means, all parties operating within crypto can be trusted.
- Wallet: you can send crypto funds to an external wallet. That way, you can be sure the crypto exchange won’t run off with your assets.
- Security: don’t tell other people about your crypto assets, and choose a strong password. Hackers & thieves are always lurking!
What is Bradesco’s stance on crypto?
Bradesco clearly understands the usefulness of crypto. In Brazil, one in three people still does not have a bank account. The bank is therefore developing a digital wallet that allows this group of people to access banking services.
Banco Bradesco does not have a negative attitude towards crypto. Therefore, you can invest in crypto with your bank account with this bank without any worries. As long as you pick a reliable crypto exchange, your bank funds will not be blocked.
Bradesco is a Brazilian bank headquartered in São Paulo. The bank has at least one branch in all 5,564 cities in Brazil. Due to its strong position, the bank is seen as one of the strongest brands in the country, which is why it is ranked 24 in Forbes list of the largest banks in 2017.
Can you buy Bitcoin using Bradesco?
You cannot buy Bitcoins & other crypto directly from Bradesco. However, smart investors are not stopped by this fact: in fact, by linking your bank account to a crypto exchange, you can still buy crypto from Bradesco without any problems. By following the steps in this article, you will instantly buy your favourite crypto without any problems.