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:
- Sign up to Bybit & confirm your identity and verification details.
- Visit the 'Buy Crypto' page and select 'ZAR' as your currency.
- Input the amount of ZAR you want to invest.
- Confirm your buy and follow the prompts to deposit ZAR.
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 a large South African bank with over 1,600 branches nationwide. They provide personal and business banking, corporate and investment banking, and wealth management services. Standard Bank is regulated by the South African Reserve Bank and has an online presence with a user-friendly website and mobile app. They offer 24/7 customer support via phone, email, and live chat, making them a reputable and trusted bank in South Africa.
Standard Bank does not offer any products or services that allow their customers to buy or sell Bitcoin and other cryptocurrencies. The only way to purchase digital assets with a Standard Bank account is by transferring ZAR into a licensed digital asset trading platform, such as Bybit. It’s also important to keep in mind that Standard Bank has no terms or conditions that ban their customers from trading Bitcoin or cryptocurrencies through trusted & regulated exchanges.