Kapital Bank: buying Bitcoin & other crypto with your bank account
Follow the steps in this article to buy crypto with your bank account at Kapital Bank. Kapital Bank is one of Azerbaijan’s largest banks.
How to buy crypto with Kapital Bank?
Step 1: sign up with a crypto exchange
Before you can buy crypto at Kapital Bank, you first need an account with a crypto exchange. In the overview below, you can immediately see which crypto exchanges you can join:
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Step 2: verify account and deposit money
Before you can deposit money into your crypto account, you need to verify your account first. Verifying your crypto account is easy: upload a copy of your passport or driving licence to complete this step.
After your documents are processed, you can deposit funds from your Kapital Bank account to your crypto exchange account. Keep in mind that it can take several business days for the money to arrive. Remember that many crypto exchanges charge conversion fees for exchanging currencies.
Step 3: buy crypto with Kapital Bank
After your account is fully verified, you can buy crypto directly from Kapital Bank. Select the crypto you want to buy within the platform and enter the amount you would like to invest. It is also possible to invest with a small amount, as crypto is divisible into smaller units.
It is wise to carefully research the crypto you would like to invest in. Don’t buy crypto coins just because they are popular. Cryptocurrencies are very volatile, and you can quickly lose a large part of your deposit. Therefore, research carefully whether crypto is an investment that suits you.
Kapital Bank’s stance on crypto
Kapital Bank, like the government of Azerbaijan, has no stated crypto policy. As a customer, you can therefore transfer money to a crypto exchange there without any problems. However, it is advisable to choose a reliable exchange. Banks sometimes block customers’ accounts because they mark a transaction as suspicious.
About Kapital Bank
Kapital Bank is one of the larger active banks in Azerbaijan. The bank was founded in 1874 under the name Azerbaijan Savings Bank and you can find its headquarters in Baku.
From 1920 to 1992, the bank was under the control of the USSR. In 2004, the current shareholders decided to change the name from BUSBank to Kapital Bank. As much as 99.87% of Kapital Bank’s shares are owned by Pasha Holding. With more than 100 branches, Kapital Bank is the largest banking service provider in the country. At the time of writing, the bank has over 3 million customers.
Can you buy Bitcoin at Kapital Bank?
It is not possible to buy Bitcoin or other crypto directly from Kapital Bank. However, the bank does not block transfers to crypto exchanges. You can therefore buy crypto as a Kapital Bank without any issues.