How to buy crypto (Bitcoin) at the Bank of Algeria?
Are you curious about how to invest in crypto at the Bank Of Algeria? Well, you’ve come to the right place! Follow the 3 simple steps to buy Bitcoin in an instant!
How to buy crypto at the Bank of Algeria?
Step 1: open an account with a crypto exchange
Bank Of Algeria does not yet sell crypto itself, but the overview below shows you directly which exchanges you can go to:
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Opening an account with a crypto exchange is often free, but you naturally pay transaction fees on your investments. The amount of these transaction fees can vary widely: some exchanges charge 0.1% while others charge more than 1%.
Step 2: deposit money with the Bank of Algeria
After you open an account, you can directly deposit funds using your bank account at the Bank Of Algeria. Keep in mind that it will take a few days for your transaction to be processed. It is also important that your bank account is in the same name as your crypto account.
Step 3: buy crypto with Bank of Algeria
Next, select the crypto you want to buy. Within the platform, you can enter the amount you want to invest. Press the buy button to then forward the order to the exchange.
The spread can vary: this is the difference between the buying and selling price. When the market is volatile, it can sometimes be difficult to find enough buyers or sellers. In such a case, you often pay a higher spread, which means you might end up paying more.
What is Bank of Algeria’s crypto policy?
Algeria’s government has officially banned the buying and possession of crypto. However, due to its decentralised nature, it is difficult for governments to implement such laws. However, the Bank of Algeria itself won’t help you with buying and selling crypto over the internet.
You may want to look for a broker that sells shares as well as crypto. That way, it is difficult for the bank to know what you are actually investing in.
About Bank of Algeria
The Bank of Algeria is located in Algiers and was established in 1962 after independence. Before, the bank was known as the Colonial Bank of French Algeria. The bank is wholly owned by the government of Algeria.
Can you buy Bitcoin at Bank of Algeria?
Yes, you can buy Bitcoin with your bank account at Bank Of Algeria, but this is not done at the bank itself. By linking your bank account to a crypto exchange, you can directly invest your fiat money in crypto. Scroll up and follow the 3 simple steps to invest in crypto at Bank Of Algeria.