Can you buy crypto at Bank Sederat Iran?
Crypto is very popular in Iran, but did you know that it is also possible to buy crypto with your bank account at Bank Sederat Iran? In this article, you will discover how to buy Bitcoin & other crypto using your bank account at Sederat Iran within 3 easy steps.
How to buy crypto with Bank Sederat Iran?
Step 1: open an account with a crypto exchange
Despite the positive crypto policy of Bank Sederat Iran, you cannot yet buy Bitcoin directly from this bank. However, you can link your bank account to a popular crypto exchange:
|Trade in Bitcoin & other cryptos! Try for free with a demo & deposit money with Bank Sederat Iran after. eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.|
Step 2: deposit money with Bank Sederat Iran
After verifying your account, you can directly deposit funds from your bank account at Bank Sederat Iran to the crypto exchange. Keep in mind that it takes some time for the money to arrive in your crypto account. Also, your crypto account must be in the same name as your bank account.
Step 3: buy crypto with Bank Sederat Iran
You now have everything you need to buy your first crypto with your account at Bank Sederat Iran. Within most crypto exchanges, you can trade in hundreds of different altcoins. When investing in a lesser-known cryptocurrency, it is important to research the team behind the crypto carefully. Read through the white paper and investigate whether they have a clear vision for the future.
When you are sure which crypto you want to buy, you can select it directly within the platform. Enter the amount you want to invest and press buy to send the order within the crypto exchange.
You can monitor your open orders within the crypto exchange. Evaluate your results regularly. You can sell your position at any time and have the funds returned to your bank account at Bank Sederat Iran.
What is Bank Sederat Iran’s crypto policy?
Bank Sederat Iran has a fairly positive crypto policy. Iran’s government is also busy experimenting with a central cryptocurrency. It is expected to be some time before Bank Sederat Mellat is allowed to sell crypto coins. Until then, you can fortunately link your bank account to a crypto exchange without any problems, as the bank has no issues with it.
What are the advantages of Bitcoin?
Bitcoin is decentralised, which is a big advantage. It is difficult for residents of Iran to buy foreign goods because of all the sanctions on traditional banking. However, Bitcoin cannot be blocked, making it easier to send your crypto assets to another country.
About Bank Sederat Iran
Bank Sederat Mellat is the largest bank in Iran and has been around since 1952. Headquartered in Tehran, the bank operates in 12 countries and serves over 12 million customers. With $60 billion in assets, Bank Sederat Mellat is a major player in the region.
The European court rejected the sanctions the EU had imposed on the bank. This also allows the bank to operate internationally which is good for its future performance.
Can you buy Bitcoin from Bank Sederat Iran?
Yes and no. Although Bank Sederat Mellat does not sell crypto itself, you can buy Bitcoin by linking your bank account to a crypto exchange. It is advisable to properly research the crypto you want to invest in. That way, you will avoid losing money with your crypto investments.