Summary: Akbank currently does not offer products or services for customers to invest in stocks or cryptocurrencies through its online banking platform. To acquire digital assets with an Akbank account, it is recommended to sign up with a trustworthy exchange that accepts TRY deposits for trading digital currencies.
For an easy beginning, we suggest considering the Binance platform. Binance accepts Turkish Lira (TRY) deposits from Akbank via Bank Transfer, Debit Card, and Credit Card, enabling users to buy and sell more than 350 cryptocurrencies at appealing transaction fees of only 0.1%.
- Instant and free Turkish Lira (TRY) deposits from Akbank.
- Trade 350+ crypto assets with low fees starting at 0.1% per trade.
- Largest and most trusted Cryptocurrency exchange in the world with 100 million users.
Can You Buy Crypto with Akbank?
Akbank's customers are granted the opportunity to safely explore Bitcoin and a variety of other digital currencies using Turkish cryptocurrency trading platforms, approved by the Central Bank of the Republic of Turkey. This permission streamlines the transfers of Turkish Lira from Akbank accounts or their associated credit cards. The officially acknowledged exchanges functioning within Turkey provide a secure and well-regulated ecosystem for the exchange of digital currencies.
How to Buy Bitcoin and Crypto with Akbank
The most straightforward way to invest in digital assets using an Akbank account is via a licensed and regulated trading platform in Turkey. We suggest the Binance platform as it offers swift and affordable Turkish Lira (TRY) deposits from Akbank to trade and stake more than 350 cryptocurrencies on their secure and regulated exchange.
Follow these 4 easy steps to get started:
- Sign Up: Register for an account on Binance and finish the identity verification procedure.
- Deposit Funds: Select TRY as your currency and pick the crypto you are interested in purchasing.
- Transfer Funds: Deposit funds from your bank account using an Akbank transfer.
- Purchase Crypto: Click 'Buy', and the tokens will be immediately added to your account.
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Akbank Crypto Policy
Akbank does not have a definitive policy regarding digital asset trading. Nonetheless, the Central Bank of the Republic of Turkey (CBRT) has issued numerous alerts about the potential risks involved in investing in cryptocurrencies. The CBRT emphasizes that digital currencies are not accepted as legal tender in Turkey and do not fall under the jurisdiction or supervision of any governmental authority in the country.
Despite this, Akbank continues to permit customers to transfer funds to regulated and approved trading platforms in the region. This implies that you will face no issues when depositing TRY into exchanges to buy, sell, and trade digital assets such as Bitcoin, Ethereum, or USDT.
What is Akbank?
Akbank is one of the largest and most established banks in Turkey. Founded in 1948, it provides a wide range of financial services, including retail banking, corporate banking, commercial banking, private banking, foreign currency exchange, and treasury transactions.
Akbank operates through an extensive domestic branch network and also has an international presence with branches in Germany and Malta, and a representative office in China. Its services include deposit and investment products, loans, foreign trade transactions, insurance products, and payment systems.
Final Thoughts
In conclusion, while Akbank does not directly facilitate cryptocurrency investments through its online banking platform, the bank does allow its customers to transfer funds to reputable, licensed exchanges such as Binance. By following a few simple steps, Akbank account holders can deposit Turkish Lira (TRY) and trade various digital assets securely.
It's important to remember that cryptocurrencies are not considered legal tender in Turkey and are not regulated by any governmental authority. Always exercise caution and conduct thorough research before investing in cryptocurrencies.
Co-Founder & former Investment Banker (Finance MBA) turned Full-Time analyst and Head of Research at Buy Bitcoin Bank. Left traditional finance to pursue my interest in digital assets and decentralized finance.
