How to buy crypto with NH Nonghyup Bank? Bitcoin & Ethereum
Are you wondering how you can invest in crypto with your bank account at NH Nonghyup Bank? Follow the steps in this guide to buy Bitcoin directly with your Nonghyup Bank account!
How to buy crypto at Nonghyup Bank?
Step 1: open an account with a crypto exchange
A crypto exchange allows you to buy and sell Bitcoin & other crypto. It is wise to choose a reliable exchange with low fees. In the overview below, you can immediately see which exchanges you can use:
| Brokers | Information | Register |
|---|---|---|
 | Trade in Bitcoin & other cryptos! Try for free with a demo & deposit money with “Nonghyup after. eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. |
Step 2: verify account & deposit money with Nonghyup Bank
Verifying your crypto account is easy: all you need to do is upload a copy of your passport and proof of address. After your account is verified, you can directly deposit funds from your Nonghyup Bank account. It may take a few working days for the bank deposits to arrive in your account.
Step 3: buy crypto with Nonghyup Bank
After the money arrives in your Nonghyup Bank account, you can immediately buy your favourite crypto. To do this, navigate within the platform to the crypto you want to buy and enter the amount you would like to invest. Then press buy to send the order directly to the crypto exchange.
Evaluate your crypto investments regularly. Does the investment no longer suit you? In that case, you can sell the crypto investment right away and have the money transferred back to your Nonghyup Bank account.
Is Bitcoin the future?
Many fanatics believe that Bitcoin is the future of modern money. Personally, I don’t see this happening; it is too complicated to carry out transactions and the old generation are certainly likely to continue using the old fiat currencies. I therefore think it is more likely that Bitcoin will remain popular especially among young people.
When Bitcoin’s user-friendliness improves in the future, adaptation may increase. When more people use Bitcoin, the price may rise further.
What is Nonghyup Bank’s stance on crypto?
Nonghyup Bank has a keen interest in blockchain. For example, the bank is helping to develop CBDC (a central crypto issued by the government of Korea). The bank is also investing in crypto custody services, bypassing the ban on running its platform.
It is therefore expected that you can invest in crypto without any problems with your bank account at Nonghyup Bank. By choosing a reliable crypto exchange, you will prevent the bank from temporarily blocking your account.
About Nonghyup Bank
Nonghyup Bank is an originally agricultural bank headquartered in Jung-Gu eoul. The bank was established in 2012 (the bank then separated from the National Agricultural Cooperative Federation). The bank possesses a Hong Kong banking licence since 2021.
Can you buy Bitcoin from Nonghyup Bank?
Nonghyup Bank does not offer crypto itself, but the bank does not mind when customers deposit money on a crypto exchange. You can therefore invest in crypto with the funds you hold with Nonghyup Bank without any issues. However, it is important to consider the risks: you can lose your entire deposit with crypto investments.
