Can you buy crypto at UBA? Bitcoin tutorial
Do you want to buy crypto with your bank account at the United Bank for Africa? Follow the steps in this guide & buy Bitcoin directly with your bank account at UBA.
How to buy crypto with UBA?
Step 1: open an account with a crypto exchange
UBA does not offer crypto itself: you therefore need an account with a crypto exchange to buy Bitcoin with your balances with the United Bank for Africa. The overview below shows you directly which crypto exchanges you can join:
|Trade in Bitcoin & other cryptos! Try for free with a demo & deposit money with UBA after. eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.
Step 2: deposit money with UBA
Before you can deposit money into your crypto account, you must first verify your account. You verify your account by uploading a copy of your passport and address. In some cases, you also have to answer a questionnaire about your investment experience & investment plans.
After your crypto account is verified, you can deposit funds from your United Bank for Africa account. It is worth noting that it may take several working days for the money to arrive in your crypto account.
Step 3: buy crypto with UBA
You can invest in hundreds of different cryptocurrencies. All these options can be quite overwhelming for beginners. However, the majority of investors choose Bitcoin, as it is still the largest and dominant crypto.
Select the crypto within the trading platform you want to invest in and enter the amount you would like to buy the crypto for. When you press the buy button, you send the order directly to the crypto exchange. It can then take a few seconds to minutes for the order to be executed.
What is UBA’s stance on crypto?
United Bank for Africa has not published a clear crypto policy on its website. However, I have not received any complaints from account holders at UBA stating that they had problems with transactions to crypto accounts. You can therefore buy crypto with your bank account at UBA without any issues.
United Bank for Africa Plc or UBA for short is a multinational bank operating in 20 African countries. With $20 billion in assets, the bank is a major player on the continent. Since 2021, UBA has also been licensed in the United Emirates, allowing it to build a strong position outside Africa.
UBA is currently divided into the following brand names:
- UBA America
- UBA United Kingdom Limited
- UBA France
- UBA Nigeria
- UBA Benin
- UBA Burkin Faso
- UBA Cameroon
- UBA Chad
- UBA Congo Brazzaville
- UBA Congo DRC
- UBA Cote d’Ivoire
- UBA Gabon S.A.
- UBA Ghana Limited
- UBA Guinea Conakry
- UBA Kenya Limited
- UBA Liberia Limited
- UBA Mali
- UBA Mozambique
- UBA Senegal S.A.
- UBA Sierra Leone Limited
- UBA Tanzania
- UBA Uganda Limited
- UBA Zambia Limited
- Uited Bank for Africa plc (UAE)
Can you buy Bitcoin from UBA?
UBA does not offer crypto itself, but you can buy Bitcoin, Ethereum and other crypto coins with a little workaround. At the top of this article, you’ll find a handy list of crypto exchanges that you can link to your bank account at UBA.