How to buy crypto at Československá obchodní banka?
Do you want to buy crypto at Československá obchodní banka? Follow the steps in this article and you will be buying Bitcoin, Ethereum and other crypto currencies at ČSOB in no time!
How to buy crypto at Československá obchodní banka?
Step 1: open an account with a crypto exchange
Before you can buy crypto with your bank account at Československá obchodní banka, you first need an account at a crypto exchange. This is because it is not possible to buy popular cryptocurrencies directly at ČSOB. The table below shows you directly which parties you can join:
| Brokers | Information | Register |
|---|---|---|
 | Trade in Bitcoin & other cryptos! Try for free with a demo & deposit money with Československá obchodní banka after. eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. |
Step 2: depositing money from ČSOB
After you have opened an account with a crypto exchange, you can deposit money from your Československá obchodní banka to the exchange. Before this is possible, though, you need to verify your account. You can verify your crypto account by uploading a copy of your passport and by answering some questions about your trading experience.
Step 3: buy crypto with Československá obchodní banka
You are now 100% ready to buy your first crypto with your account at ČSOB. For the next step, enter the amount you want to invest within the interface. Because Bitcoin is divisible, you can invest in the popular cryptocurrency even with small amounts.
You may also choose to use a limit order. You then set a price at which you buy the crypto. In this case, there is no guarantee that you will actually own the cryptocurrency, as the price has to drop enough.
How does Bitcoin work?
Before buying Bitcoin with your bank account at Československá obchodní banka, you might want to know how Bitcoin works. Bitcoin is a decentralized cryptocurrency, so there is no bank that can exercise control over it. Fans of cryptocurrency are excited for this very reason, as it will never be possible to create new Bitcoin.
Thousands of computers worldwide have a copy of all transactions ever executed on the blockchain. This makes it almost impossible to modify a transaction or cheat the system. This is a very simplistic explanation of Bitcoin; it is definitely advisable to study Bitcoin and blockchain more before investing in cryptocurrencies.
About Československá obchodní banka & stance on crypto
Československá obchodní banka or in short ČSOB is a bank operating in the Czech Republic and Slovakia. The bank serves well over 4 million customers and has 200 branches. ČSOB’s headquarters can be found in Prague and is the largest building in the entire country.
Currently, Československá obchodní banka has no anti-crypto policy. You can therefore buy & sell crypto with your bank account at ČSOB without any problems.
Can you buy bitcoins at ČSOB?
The bank has no plans to facilitate the buying and selling of Bitcoin and other cryptocurrencies. However, by linking your bank account with ČSOB to a reliable crypto exchange, you can still trade crypto without any issues. To do so, follow the steps in this article, and you can get started right away.
