How to buy crypto (Bitcoin) from Inwa Bank?
Are you wondering how to buy crypto with your bank account at Inwa Bank? Well, you’ve come to the right place! On this page you will learn how to buy Bitcoin with your bank account at Inwa Bank in 3 simple steps.
How to buy crypto with Inwa Bank?
Step 1: open an account with a crypto exchange
The first step is to link your bank account to a reliable crypto exchange. In the overview below, you can immediately see which companies you can go to:
|Trade in Bitcoin & other cryptos! Try for free with a demo & deposit money with Inwa bank after. eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.|
Step 2: deposit money with Inwa Bank
You can then deposit money directly from your bank account with Inwa Bank to the crypto exchange. Keep in mind that many exchanges charge extra for deposits via credit card and deposits in more exotic currencies.
Step 3: buy crypto with Inwa Bank
Select the crypto you want to invest in within your account at Inwa Bank and enter the amount you would like to invest. By pressing the buy button, you send the order directly to the stock exchange.
What is Inwa Bank’s stance on crypto?
The unstable internet connection makes it difficult for crypto to break through in Myanmar. Consequently, there is a lot of uncertainty in the country about the regulations surrounding crypto. So far, I have not received any complaints from Inwa Bank customers when buying and selling crypto through a crypto exchange. Please notify me if your transactions are bloked by Inwa Bank.
About Inwa Bank
Inwa Bank is a commercial bank in Myanmar and was established in 1998 by the Myanmar Economic Corporation (MEC). The country’s military authority controls all the bank’s operations. With just under $3 billion in assets, Inwa Bank is a relatively small player.
Can you buy Bitcoin from Inwa Bank?
It is difficult to buy crypto using your bank account with Inwa Bank. However, by following the steps in this short guide, you can still invest in your favourite cryptocurrencies.
It is important to keep a close eye on the news: this prepares you well for moments of high volatility. Always remember that crypto investments are risky.
Over Alex Mostert
Already in 2015 I bought my first Bitcoins for roughly $300, only to sell them shortly after for $900. At the time I thought I benefited from the deal of the century, but I, of course, had no idea Bitcoin would become as popular as it is today. On this website, I want to teach everybody how to buy Bitcoin through their bank.