Can you buy crypto at Garanti Bank?
More and more people are asking me if it is possible to buy crypto with their bank account with Garanti Bank. The answer to this question is a resounding YES! Even though Garanti Bank does not offer crypto itself, you can buy and sell Bitcoin with a crypto exchange without any problems.
How to buy crypto with Garanti Bank?
Step 1: open an account with a crypto exchange
In the overview below, you can immediately see which crypto exchanges you can link to your bank account with Garanti Bank:
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Step 2: deposit money with Garanti Bank
Oce you have done that, you can deposit money using your bank account with Garanti Bank to the crypto exchange. It often takes a few days before the money actually arrives in your crypto account. Also, in many cases you have to confirm your identity first: this way, the crypto exchange prevents you from using the account for illegal purposes.
Step 3: buy crypto with Garanti Bank
Next, select the crypto you want to buy within the platform. This could be Bitcoin or, for example, Dogecoin. You can already invest with a small amount of money since most cryptocurrencies are divisible; this way, you can benefit from crypto market developments even with small amounts.
When you are sure which crypto you want to buy, you can place an order. Enter the amount you want to invest and press the buy button to send the order to the crypto exchange.
It is wise to regularly evaluate your crypto investments. Are you no longer satisfied with the results? In that case you can sell the crypto and transfer the money back to your account with Garanti Bank.
What is Garanti Bank’s crypto policy?
Garanti Bank is the first Turkish bank to join the blockchain network within the country. This is a positive sign and shows that the Turkish bank is positive about developments in the crypto market. I am therefore curious to know when Garanti Bank will start offering crypto services itself.
Until then, as a Garanti Bank customer, you can link your bank account to a reliable crypto exchange. Since Garanti Bank is not anti-crypto, this should not cause any problems.
About Garanti Bank
Garanti Bank (Garanti BBVA) or in full Türkiye Garanti Bankası is a well-known Turkish Bank. Today, 86% of the bank’s shares are held by Spanish bank BBVA.
With over $100 billion in assets, Garanti Bank is the second largest bank within Turkey. The bank offers various payment services as well as insurance, leasing and brokerage services. The bank helps customers in nearly 900 branches across the country.
The bank also operates under other brand names, for example Garanti Bank Moscow, Garanti Bank Romania and Garanti Bank International. Obviously, you can follow the steps in this article to buy crypto at all the bank’s branches.
Can you buy Bitcoin at Garanti Bank?
Garanti Bank does not sell crypto itself, but you can still buy Bitcoin by linking your bank account to a crypto exchange. At the beginning of this article, you can read directly which providers you can turn to. By following the steps in this article, you can then buy crypto using your bank account at Garanti Bank without any problems.
Over Alex Mostert
Already in 2015 I bought my first Bitcoins for roughly $300, only to sell them shortly after for $900. At the time I thought I benefited from the deal of the century, but I, of course, had no idea Bitcoin would become as popular as it is today. On this website, I want to teach everybody how to buy Bitcoin through their bank.