Buying bitcoin & other crypto at BCA?
Do you want to invest in Bitcoin & other crypto at Bank Central Asia? Follow the steps in this article & buy your favourite crypto directly with your bank account at BCA.
How to buy crypto with Bank Central Asia?
Step 1: open an account with a crypto exchange
BCA unfortunately does not yet sell crypto itself and has no plans to start offering Bitcoin anytime soon. However, by linking your bank account to a crypto exchange, you can still invest in crypto without any problems:
|Trade in Bitcoin & other cryptos! Try for free with a demo & deposit money with Bank Central Asia after. eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.
I would like to give you another tip: you can try out the possibilities for free with a demo at many crypto exchanges. This can definitely be worthwhile, as it allows you to test various crypto trading strategies risk-free!
Step 2: deposit money with BCA
You can transfer money directly from your bank account at BCA to the crypto exchange. Bear in mind that it may take several working days for the transaction to be processed. Some crypto exchanges also charge conversion fees when your money is first exchanged into US dollars.
Step 3: buy crypto with BCA
Select the crypto you are interested in to open the order screen. Within the order screen, you then enter the amount you want to invest. This can be $10, $100 or $1000: this is entirely up to you!
Press the buy button if you would like to send the order directly to the crypto exchange. Your new crypto investment will almost immediately show up in your account.
Do you want to sell the crypto again? You can sell your crypto by sending another order to the crypto exchange. You can then transfer the money to your bank account at BCA without any hassle.
What is Bank Central Asia’s stance on crypto?
Bank Central Asia does not have a stated crypto policy, but personally, I would label them as crypto-friendly. This is because the bank does not block crypto transactions, which means you as a customer can buy Bitcoin & other crypto without any problems.
Why can buying Bitcoin be interesting?
Bitcoin is the first decentralized digital currency, meaning it operates on a peer-to-peer network without the intervention of intermediaries such as banks. This allows for faster, more efficient and cheaper financial transactions. Moreover, the blockchain technology on which Bitcoin is built provides transparency and security for transactions.
Furthermore, the number of bitcoin that can be mined is limited to 21 million, which can boost its value in the long run. Bitcoin is also gaining acceptance as a means of payment, which can increase its usability and value.
Although Bitcoin’s value can be extremely volatile and the regulatory environment is still uncertain, it offers opportunities for new investment opportunities and a different way of thinking about money and finance. It is important to carefully consider the risks and do your research before investing in Bitcoin or any other cryptocurrency.
About Bank Central Asia
Best known as Bank Central Asia (BCA), PT Bank Central Asia is an Indonesian Bank that has existed since 1957. BCA is one of Indonesia’s largest banks and, as such, it employs around 25,000 people.
The bank suffered greatly from the Asian financial crisis in 1997 and almost went bankrupt. A bank run occurred during this crisis, and because of this the bank had to turn to the government for support. Since 2000, the bank has been private again, which means its shares are freely tradable.
Can you buy Bitcoin at BCA?
BCA does not sell crypto itself, but you can link your bank account to a crypto exchange without any problems. After linking your account, you can directly transfer money from BCA to the crypto exchange and buy Bitcoin. At the beginning of this article, I explain how to make your first crypto transaction without any issues.