Is it possible to buy crypto at Centenary Bank?
More and more customers are buying crypto with their bank account at Centenary Bank. In this short guide, I will show you how to buy Bitcoin & other crypto at Centenary Bank.
How to buy crypto at Centenary Bank?
Step 1: open an account with a crypto exchange
You first need an account with a crypto exchange. In the overview below, you can immediately see which parties you can create an account with:
|Trade in Bitcoin & other cryptos! Try for free with a demo & deposit money with Centenary bank after. eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.|
Step 2: depositing money with Centenary Bank
You can deposit funds directly from your bank account at Centenary Bank to the crypto exchange. Some exchanges take several working days to fully process the transaction. Once the money has arrived in your crypto account, you can immediately start trading crypto.
Step 3: buy crypto with Centenary Bank
First, decide which crypto you want to invest in: will it be Bitcoin, Ethereum, Dogecoin or something else? Place open an order on the crypto in question and enter the amount you want to invest. With a market order, you open the position directly at the available market price and with a limit order, you set a price at which you buy the crypto.
Always keep a close eye on your investment: you can sell the crypto at any time and have the funds transferred back to Centenary Bank.
What is Centenary Bank’s crypto policy?
Centenary has not published a clear crypto policy on its website. However, you can link your bank account to a reliable crypto exchange without any problems. However, it will be some time before Centenary Bank fully embraces crypto and enables crypto trading for its customers.
About Bank Centenary Bank
Established in 1983, Centenary Bank is the largest bank in Uganda. The bank manages 1.5 billion in assets which makes it a small player on a global scale. Yet within the small African country with nearly 3,000 employees, the bank is an important player contributing to the country’s economy.
Can you buy Bitcoin at Centenary Bank?
You can buy Bitcoin from Centenary Bank, but you have to go through some steps to do so. This is because the bank does not offer any crypto services at the moment. Fear not though; as you can link your bank account to a reliable crypto exchange without any problems. Only invest in crypto with money you can afford to lose, given the high risks.