Buy bitcoin & other crypto at MHFG – 4 steps
With the 4 steps in this guide, you can buy crypto directly with your bank account at MHFG! More and more people are discovering that you can simply buy Bitcoin from Mizuho Financial Group Bank.
How to buy crypto with Mizuho Financial Group?
Step 1: open an account with a crypto exchange
You can certainly buy crypto with your bank account at MHFG, but you will need an account with a crypto exchange to do so. The overview below shows which crypto brokers you can best use:
|Trade in Bitcoin & other cryptos! Try for free with a demo & deposit money with MHFG after. eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.
Most exchanges only require you to enter a username & password. However, before you can buy crypto, you often have to leave your personal details. This allows the crypto exchange can verify who you are and prevent you from using their exchange for illegal purposes.
Step 2: deposit money with MHFG
You can deposit money directly from your bank account at MHFG to your crypto exchange account. Deposit processing takes one to three working days on average. With some crypto exchanges, the deposit is processed almost immediately.
Step 3: buy crypto with MHFG
After the money arrives in your crypto account, you can immediately select the crypto you want to invest in. Enter the amount you would like to invest and press buy to submit the order. Wait a few seconds to minutes: when the market is very volatile, it may take longer to find a seller.
Step 4: securing your account
Do not underestimate the importance of step 4: there are many hackers actively trying to steal crypto investors’ assets. In any case, choose a strong password and apply 2FA.
In addition, it may be wise to send your crypto to an external wallet. That way, the crypto exchange cannot touch your funds. However, it is then important to keep the private key to your wallet safe, as you will otherwise lose access to your crypto funds.
What is MHFG’s crypto policy?
Japanese banks are sympathetic to innovative technologies such as blockchain and Bitcoin. As a customer of MHFG, you can therefore link your bank account to a reliable crypto exchange without any problems. Beware, though; if you pick an unknown or unreliable exchange, the bank may temporarily block your transaction.
About Mizuho Financial Group
Mizuho Financial Group is often abbreviated to MHFG or Mizuho. Mizuho is a funny company name as it means ‘more than enough rice‘. When the bank was founded in 1864, it was the largest in the country. Even today, with nearly $2 billion in assets under management, the bank is one of the largest banks in the country.
Nearly 60,000 people work for the bank across 880 branches. The bank is also one of the largest companies in the world. Mizuho is therefore one of the most important companies for the Japanese economy.
Can you buy Bitcoin from MHFG?
You can buy Bitcoin & other crypto from MHFG without any issues when you link your bank account to a crypto exchange. On this page, you could read how to do this within 4 steps. Personally, I hope MHFG will start offering crypto itself in the future. Demand is clearly high, and the bank can make many costumers happy by offering crypto.