Buying bitcoin & other crypto at Metrobank (2023)
It is also possible to buy crypto at Metrobank these days. The bank itself does not yet offer Bitcoin, but this need not stop you. Follow the 3 steps in this article & buy Bitcoin with your bank account at Metrobank.
How to buy crypto with Metrobank?
Step 1: open an account with a crypto exchange
A crypto exchange is a company that allows trading Bitcoin & other crypto. Opening an account with a crypto exchange is easy:
|Trade in Bitcoin & other cryptos! Try for free with a demo & deposit money with Metrobank after. eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.|
Be sure to do your research to find out whether the crypto exchange suits you. The terms and conditions of crypto exchanges can vary greatly.
Step 2: deposit money with Metrobank
You can directly deposit money from your Metrobank account to the crypto exchange. Often, you do need to verify your crypto account first by uploading a copy of your passport and proof of address. Processing the documents can take a few days.
Step 3: buy crypto with Metrobank
Select the crypto you want to buy and enter the amount you would like to invest. By pressing the buy button, you send the order to the crypto exchange directly.
You can additionally use a special order:
- Limit order: you then open the position only at a certain price.
- Stop loss: you then automatically close the position at a certain loss.
- Take profit: you then automatically close the position at a certain profit.
After you place your order, you can immediately see the results of your investments in real-time. You can sell your crypto at any time and transfer the money to your bank account at Metrobank.
What is Metrobank’s stance on crypto?
Metrobank is crypto-friendly: in fact, you can link your bank account to a crypto exchange without any problems. You can then use your bank account at Metrobank to trade Bitcoin, Ethereum & other cryptocurrencies. In the future, it may also become possible to buy crypto directly with your bank account at Metrobank.
When you intend to buy crypto using your bank account with Metrobank, it is important to take this into account:
- Volatility: crypto prices can fluctuate widely.
- Hackers & fraud: you can lose your crypto assets due to hacks.
- Regulation: not every government is equally supportive of crypto.
- Education: keep educating yourself so that you understand new developments.
Metrobank is one of the largest commercial banks in the Philippines, offering a wide range of financial products and services to individuals, businesses, and the government. The bank was founded in 1962 and has since grown to become one of the most trusted and leading financial banks in the country.
With over 50 years of experience, Metrobank is committed to improving the lives of its customers by providing them with the tools and resources they need to achieve financial goals. With around 1,000 branches and more than 2,000 ATMs, the bank is indispensable in the Philippines.
Can you buy Bitcoin from Metrobank?
Metrobank does not offer Bitcoin itself, but by following the steps in this guide, you can still invest in crypto without any problems. Read through my instructions and pay close attention: this way, you will avoid losing a hefty amount of money with your crypto investments.