How to buy crypto from Dutch-Bangla bank (DBBL)? 3 steps
You have come to the right place if you want to buy crypto. Follow the three steps in this article to buy Bitcoin directly with your bank account at Dutch-Bangla Bank.
How to buy crypto at Dutch-Bangla Bank?
Step 1: sign up with a crypto exchange
An important first step is to open a crypto exchange account. You can use a crypto exchange to buy & sell Bitcoin. 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 Dutch- Bangla bank after. eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.
With some brokers, you can test the possibilities 100% risk-free with a free demo. This allows you to invest in crypto with different strategies.
Step 2: verify account & deposit money
Before you can deposit money by using your Dutch-Bangla Bank account, you must first verify your account. You verify your account by uploading a copy of your passport and proof of address. You also often have to answer some questions about your trading experience and financial situation.
After your account is approved, you can directly deposit money from your bank account at Dutch-Bangla Bank.
Step 3: buy crypto with DBBL
After the money arrives in your crypto account (this can sometimes take a few days), you can immediately buy your first crypto. Select the crypto you are interested in and enter the amount you want to invest. Then press the buy button to forward the crypto position directly to the exchange.
You can trade hundreds of different crypto coins at most crypto exchanges. Make sure to do research on the crypto you would like to buy: this ensures that you will get the best results from your crypto investments.
By regularly evaluating your crypto investments, you can assess whether they still suit your investment style. Do you want to sell your crypto? With a sell order, this is easily done; you can then withdraw the money directly to your bank account at Dutch-Bangla Bank.
What is DDBL’s stance on crypto?
Officially, owning crypto is not allowed in Bangladesh. When you own crypto in Bangladesh, you could face 12 years in jail. However, the government is working on new laws giving crypto a more important role. Consequently, there have been no convictions. Buying crypto in Bangladesh with your bank DDBL account should therefore not lead to problems.
By opening an account with a crypto exchange that offers crypto in addition to stocks, you can prevent your bank account from being blocked. I use eToro a lot, as you can invest in various investment products with this provider.
Deposits on the eToro trading platform are not blocked by Dutch-Bangla Bank, allowing you to invest in crypto without any issues.
About Dutch-Bangla Bank
Dutch-Bangla Bank (DBBL) is a bank based in Bangladesh and was formed from a joint venture between local parties in Bangladesh and the Dutch company FMO. The bank has only existed since 1991 and formally started offering its services in 1996. You can trade the bank’s shares on the Dhaka and Chittagong stock exchanges. Besides DBBL, the bank is also called Dutch Bangla and Dutch Bagla Bank.
The bank currently operates around 5,000 ATMs and is one of the largest banks in the country with around $4 billion in assets. The bank is known for its social work and donations, through which it makes a positive contribution to society.
Can you buy Bitcoin from DDBL?
It is not possible to buy Bitcoin and other crypto directly from Dutch-Bangla Bank. However, by playing it smart, you can still invest in popular cryptocurrencies without any problems.
You can invest in crypto by linking your bank account to a reliable crypto exchange. This prevents Dutch-Bangla Bank from blocking your crypto transactions. Make sure to do proper research on the risks of investing in crypto before you get started.