How to buy crypto at Commercial Bank of Eritrea (2023)?
Are you wondering how to buy crypto with your bank account at Commercial Bank of Eritrea? Follow the steps in this article & buy Bitcoin with your bank account at Commercial Bank of Eritrea.
How to buy crypto at Commercial Bank of Eritrea?
Step 1: open an account with a crypto exchange
You cannot buy crypto directly from the Commercial Bank of Eritrea. You can, however, link your bank account to a crypto exchange:
|Trade in Bitcoin & other cryptos! Try for free with a demo & deposit money with Commercial Bank of Etritrea after. eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.|
You can try out the options at many crypto exchanges for free with an unlimited demo. I highly recommend using a demo, especially for novice investors.
Step 2: deposit money using Commercial Bank of Eritrea
Before you can deposit money into your Commercial Bank of Eritrea bank account, you must first verify your account. You verify your account by uploading a copy of your passport and proof of address.
After you have uploaded your details, it may take a while for them to be processed. You can then directly deposit funds from your bank account at Commercial Bank of Eritrea to the crypto exchange.
Step 3: buy crypto with Commercial Bank of Eritrea
Within the trading platform, select the crypto you want to buy. The majority of people buy Bitcoin, but Ethereum and Dogecoin are also popular options. Within the order screen, you then enter the amount you would like to invest, and you can optionally use a stop loss and take profit. By using these order types, you can automatically close the position at a certain profit or loss.
Crypto policy & Commercial Bank of Eritrea
The Commercial Bank of Eritrea has not published a clear crypto policy. It should therefore be possible to buy Bitcoin & other crypto without any problems. By choosing a reliable crypto exchange, you reduce the chances of your bank account being temporarily blocked.
The Commercial Bank of Eritrea is the only bank in the country offering retail commercial banking services. The bank is fully government-owned and there are only 17 branches in total. The bank uses the services of Citibank and Deutsche Bank to facilitate international transactions. After the country’s independence in 1991, the bank took over the branches in Etritea.
Can you buy Bitcoin from Commercial Bank of Etritrea?
You cannot buy Bitcoin directly from the Commercial Bank of Eritrea, but you can link your bank account to a reliable crypto exchange. At the beginning of this article, you will find an instant overview of the crypto exchanges you can select. Never forget that investing in crypto comes with risks; therefore, only invest with money you can afford to lose!