Buy bitcoin & other crypto at KBC Bank Kenya Limited
Are you planning to buy crypto with your bank account at KBC Bank Kenya? Follow the steps in this article to invest in popular cryptocurrencies at KBC Bank Kenya!
How to buy crypto at KBC Bank Kenya?
Step 1: sign up with a crypto exchange
It is not possible to buy crypto directly from KBC Bank Kenya. You will therefore need to link your bank account to a reliable crypto exchange to invest in crypto. The overview below shows you directly which crypto exchanges you can use:
|Trade in Bitcoin & other cryptos! Try for free with a demo & deposit money with KBC bank Kenya after. eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.
Some crypto exchanges allow you to try the possibilities 100% free of charge with a demo. This can be very interesting, as it allows you to test without risk whether crypto trading suits you.
Step 2: deposit money with KBC Bank Kenya
Before you can buy crypto, you must first deposit funds using your KBC Bank Kenya account. It can sometimes take several working days for a transfer to be processed by the crypto exchange. You also need to go through the activation steps before you can buy crypto with KBC Bank Kenya: upload a copy of your passport and proof of address to start investing right away.
Step 3: buy crypto with KBC Bank Kenya
After the deposit is processed, you can immediately buy crypto by using your bank account with KBC Bank Kenya. The most popular cryptocurrency is still Bitcoin, but you can also choose to invest in other cryptocurrencies. Before you start investing, it is important to research which cryptocurrency suits you best.
You open a position by filling in the necessary details within the order screen. Then press the buy button to send your position directly to the crypto exchange.
Crypto policy KBC Bank Kenya
The government of Kenya recently asked banks to warn customers about the risks of crypto. Despite the warnings, cryptocurrencies remain very popular in Kenya. KBC Bank Kenya therefore does not block transactions from customers who want to invest in crypto. You can transfer money from KBC Bank to a crypto exchange without any problems.
About KBC Bank Kenya
KCB Bank Kenya is headquartered in Nairobi, the capital of Kenya. The bank is the country’s largest bank with around $7 billion in assets. The bank operates around 400 ATMs and 200 branches.
The bank’s history goes back to 1986 when CB Group was established as part of the National Bank of India. Since 1970, the government has had full control of the bank, and it is known as the Kenya Commercial Bank Group. Today, the bank operates in Kenya, Tanzania, South Sudan, Uganda, Rwanda, Burundi, and Ethiopia.
Can you buy Bitcoin with KBC Bank Kenya?
It is not possible to buy crypto at KBC Bank Kenya at the time of writing. However, you can link your bank account at KBC Kenya to a reliable crypto exchange without any problems. This allows you to buy your favourite cryptocurrency with a little workaround.