Buying bitcoin & other crypto at Wegagen Bank
In this tutorial, I explain how to buy Bitcoin & other crypto using your bank account with Wegagen Bank. Follow the steps in this tutorial and you’ll be buying your favourite crypto in no time.
How to buy crypto with Wegagen Bank?
Step 1: sign up with a crypto exchange
Unfortunately, it is not yet possible to buy crypto directly with your bank account at Wegagen Bank. However, you can link your bank account to a reliable crypto exchange:
When choosing a specific crypto exchange, you can consider the following:
- Fees: crypto exchanges charge different fees, often between 0.25% and 1%.
- Reliability: it is wise to choose a reliable crypto exchange.
- Customer service: check whether you can reach customer service in your language.
- Crypto: the range of altcoins offered varies between crypto exchanges.
| Brokers | Information | Register |
|---|---|---|
 | Trade in Bitcoin & other cryptos! Try for free with a demo & deposit money with Wegagen Bank after. eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. |
Step 2: deposit money with Wegagen Bank
After you open an account, you can deposit funds directly from your bank account at Wegagen Bank. Kindly note that it may take a few days for the money to appear in your crypto exchange account.
Step 3: buy crypto with Wegagen Bank
Select the crypto you want to buy within the crypto exchange. I, personally, buy Bitcoin, but you can choose any other cryptocurrency.
Enter the amount you aim to invest and press buy to send the order to the crypto exchange. It can take a few seconds to minutes for the order to be fully executed.
Within the crypto exchange, you can then track the results of your investments. You can sell your crypto at any time and transfer the money back to your bank account at Wegagen Bank.
What is Wegagen Bank’s stance on crypto?
Unfortunately, little can be found about Wegagen Bank’s crypto policy. The customer experience seems positive: the bank does not block crypto transactions. You are therefore unlikely to run into any problems when investing in Bitcoin at this bank.
About Wegagen Bank
Wegagen Bank is one of the largest banks in Ethiopia and was established in 1997. The bank offers a wide range of financial products and services, including savings accounts, loans, current and money transfers, and insurance. With around 400 branches, Wegagen Bank is an important company in the region that facilitates economic activities.
Can you buy Bitcoin at Wegagen Bank?
Wegagen Bank does not sell crypto itself, but you can invest in Bitcoin there by linking your bank account to a crypto exchange. Personally, I am curious to know when the bank will make crypto trading possible. Indeed, more and more Wegagen Bank customers are looking for a bank where they can trade crypto.
