How to buy Bitcoin & other crypto at United Bulgarian Bank?
Are you wondering how to buy Bitcoin with your bank account at United Bulgarian Bank despite its strict crypto policy? Follow the steps in this article to buy crypto directly with your bank account at this major Bulgarian bank.
How to buy crypto at United Bulgarian Bank?
Step 1: open an account with a crypto exchange
A crypto exchange allows you to buy crypto directly with the money in your bank account. In the overview below, you can immediately see which crypto exchanges you can go to:
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United Bulgarian Bank regularly blocks transactions to international crypto exchanges. It may therefore be wise to open an account with a broker that sells both crypto and shares. An example of this is eToro.
Step 2: deposit money from your United Bulgarian Bank account
The next step is to deposit money from your bank account at United Bulgarian Bank to the crypto exchange. It may take several working days for the money to arrive at the crypto exchange.
Before you can deposit money, you usually need to verify your crypto account. You verify your account by uploading a copy of your passport and proof of address. After your documents are processed, you can use all the features of your crypto exchange account.
Step 3: buy crypto with United Bulgarian Bank
Before you can buy crypto, you need to decide on what crypto you want to buy. You can trade hundreds of different altcoins at most crypto exchanges. Bitcoin and Ethereum are still the most popular crypto coins you can invest in.
Within the crypto exchange platform, you can then immediately open an order on your favourite crypto. Within the order screen, you enter the amount you want to invest. You can also optionally use a take profit or stop loss that automatically closes the position at a certain profit or loss.
What is United Bulgarian Bank’s stance on crypto?
United Bulgarian Bank is very strict when it comes to crypto. In the past, for instance, the bank closed crypto exchange accounts and blocked crypto transactions. When using United Bulgarian Bank to make crypto investments, it is therefore very important to select a reliable crypto exchange. That way, you will avoid having your account blocked.
About United Bulgarian Bank
United Bulgarian Bank is one of the largest Bulgarian banks with more than 200 branches in the country. The bank also has several subsidiaries; think of UBB Asset Management, UBB Factoring and UBB Insurance Broker. The bank was founded in 1992 by merging 22 regional banks. The bank has been fully owned by the National Bank of Greece since 2014.
Can you buy Bitcoin at United Bulgarian Bank?
You can buy Bitcoin & other crypto without any problems at United Bulgarian Bank. However, it is important to do this carefully: as the bank is known to close its customers’ bank accounts when crypto transactions are carried out. At the top of this article, you can read how you can still invest in crypto at United Bulgarian Bank.