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How to buy Crypto or Bitcoin with Standard Bank

How to buy Crypto or Bitcoin with Standard Bank

Dylan Matthews
Fact Checked
Sep 27, 2022

Summary: Standard Bank does not directly offer cryptocurrency trading through their online banking platform. This means that the best way to buy Bitcoin and other digital assets with a Standard Bank account is by depositing ZAR into a trusted South African exchange.

For users looking to get started quickly, we recommend the ByBit platform which offers low-fee ZAR deposits to trade hundreds of different cryptocurrencies from South Africa.

Table of Contents

Best Exchange in South Africa

Platform Highlights

  • Instant South African Rand (ZAR) deposits via Bank Transfer or Debit/Credit Card.
  • Buy and sell 700+ cryptos with futures, margin and spot trading.
  • NFT Marketplace, IDO Launchpad & other features.

Can I buy Crypto with Standard Bank?

Standard Bank does not currently offer any products that allow their customers to buy or sell Bitcoin and other cryptocurrencies. This means that the only way to buy Bitcoin with a Standard Bank account it to deposit ZAR into a licensed digital asset trading platform.


How to buy Crypto with Standard Bank online

The easiest way to buy cryptocurrencies from your Standard Bank account is through the Bybit trading platform. They offer fast and low fee ZAR transfers from Standard Bank accounts to trade hundreds of cryptocurrencies with up to 100x leverage.

You can follow the simple guide below to get started:

  1. Sign up to Bybit.
  2. Confirm your identity and verification details.
  3. Visit the 'Buy Crypto' page and select 'ZAR' as your currency.
  4. Input the amount of ZAR you want to invest.
  5. Confirm your buy and follow the prompts to deposit ZAR.
buy crypto standard bank zar
Buying 0.99 ETH with 50,000 ZAR on Bybit.

Standard Bank Cryptocurrency Policy

As at time of writing, Standard Bank has no terms or conditions that bans their customers from trading Bitcoin or cryptocurrencies. This means that you can safely deposit and withdraw ZAR from licensed digital asset trading exchanges like Bybit.

About Standard Bank

Standard Bank is one of the largest banks in South Africa with over 1,600 branches nationwide. They offer a full range of banking products and services including personal and business banking, corporate and investment banking, and wealth management. Standard Bank is regulated by the South African Reserve Bank.

Standard Bank

Standard Bank offers a wide range of products and services for both personal and business banking customers. These include:

  • Current accounts
  • Savings accounts
  • Credit cards
  • Personal loans
  • Home loans
  • Business loans
  • Commercial banking
  • Corporate banking
  • Investment banking
  • Wealth management

Standard Bank also has a strong online presence with a user-friendly website and mobile app that allow customers to bank on the go. They offer 24/7 customer support via phone, email, and live chat. Overall, Standard Bank is a reputable and trusted bank in South Africa that offers a wide range of products and services to meet the needs of both individuals and businesses.

Dylan Matthews

I am the Founder & CEO of Buy Bitcoin Bank and was previously an engineer for a Prop trading firm in Crypto.

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