Summary:Access Bank provides a secure way for customers to enter the cryptocurrency market by allowing NGN transfers to regulated exchanges. While the bank doesn’t handle direct crypto trading, it ensures all transactions comply with SEC regulations.
Bybit is a top choice for Access Bank clients. With free NGN deposits and access to over 1,000 tokens, it’s a secure and user-friendly platform. Bybit also offers lending, borrowing, and an NFT marketplace, making it a great all-in-one crypto solution.
- Fast and free Nigerian Naira (NGN) deposits from via bank transfer, credit card, and more.
- Trade and stake over 1000 cryptocurrencies with lowest fees starting at 0.1% per trade.
- Over 25 million registered users globally with availability in 160 countries including Nigeria.
Can I Buy Bitcoin with Access Bank?
Yes, you can buy Bitcoin with Access Bank by transferring NGN to trusted, regulated platforms in Nigeria. Although the bank doesn’t offer direct crypto services, it connects you with secure exchanges that meet local financial regulations.
To ensure a smooth and secure experience, we recommend using platforms that comply with Nigeria’s monetary policies. These exchanges provide a safe environment for buying and trading Bitcoin and other cryptocurrencies.
How to Buy Crypto with Access Bank
Buying tokens like Mantle, Tether, and other digital currencies with Access Bank is easy. The process involves registering on a licensed exchange and depositing Naira into your account.
After evaluating several platforms, we recommend Bybit for Nigerian clients. It complies with regulatory guidelines and offers a wide selection of digital assets, making it a great choice for Access Bank customers.
Bybit offers NGN deposits via bank transfers, credit cards, and e-wallets, making it a convenient and reliable choice. Here's how to get started:
- Create an Account: Sign up on Bybit and complete the verification process.
- Choose Currency: Go to 'Buy Crypto', select 'Fiat Deposit', and choose "NGN" as your currency.
- Start Transfer: Pick your payment method and transfer funds from your Access Bank account.
- Complete Transaction: Choose the cryptocurrency you want, then click 'Buy' to complete your purchase.
Access Bank Cryptocurrency Policy
Access Bank enables clients to engage with digital currencies by facilitating transactions with regulated crypto platforms. This approach aligns with the bank’s commitment to modernizing financial services while maintaining compliance with relevant regulations.
The bank ensures all crypto transactions are routed through platforms that adhere to the Nigerian Securities and Exchange Commission (SEC) guidelines, ensuring security and transparency.
For a reliable and secure trading experience, we recommend Bybit. It follows both Nigerian and global financial regulations, providing a safe and compliant platform for Access Bank customers to invest in cryptocurrency.
Digital Asset Investing Fees
To manage your crypto investments well, it’s important to understand the fees involved. Here’s what Access Bank customers can expect when using digital asset platforms:
- Trading Fees: On Bybit, the trading fee is just 0.1% per transaction, which is far lower than the typical 1% on other exchanges.
- Deposit Fees: Depending on how you deposit, fees can vary. Bank transfers are usually cheaper, while credit or debit card deposits might cost over 2%.
- Withdrawal Fees: When withdrawing, fees depend on the asset. For example, Bitcoin withdrawals usually cost around 0.0005 BTC.
Bybit is a popular choice for Access Bank customers, offering low fees, free Naira deposits, and access to over 1,000 cryptocurrencies for trading and staking. It’s a solid platform for anyone looking to get started in crypto.
What is Access Bank?
Access Bank, established in 1989, is one of Nigeria’s largest commercial banks. After merging with Diamond Bank in 2019, it expanded its reach, serving millions of customers across Africa, China, and the UK.
With over 31 million customers, Access Bank offers everything from personal banking to digital solutions like mobile and internet banking. It’s all about providing innovative services to meet the needs of its customers while supporting financial inclusion.
As the world of digital assets grows, Access Bank is helping its customers securely explore crypto investments, connecting them to trusted platforms for a smooth, regulated experience.
Best Crypto Exchange Options for Access Bank Customers
Bybit is the best exchange for Access Bank customers, offering low fees, a user-friendly interface, and a wide selection of cryptocurrencies. It’s known for its reliability, fast deposits, and strong security, making it the ideal platform for those looking to start or expand their crypto investments.
However, if you’re looking for other alternatives, here are a few solid options to consider:
- Binance: A global leader in crypto trading, Binance offers a wide range of cryptocurrencies and supports ZAR deposits. It’s perfect for both beginners and experienced traders, with advanced features for those who need them.
- Luno: Known across Africa, Luno simplifies buying and selling Bitcoin and Ethereum. It’s ideal for newcomers who want a straightforward and easy-to-use platform.
- Paxful: A peer-to-peer exchange, Paxful allows you to buy crypto directly with NGN. It offers a variety of payment options, making it flexible and convenient for Access Bank customers.
These platforms offer Access Bank customers secure and easy ways to enter the crypto space, with choices to suit all levels of experience.
Final Thoughts
Access Bank makes it easy for customers to get started with cryptocurrency, offering a secure way to transfer funds to trusted, regulated exchanges. While the bank doesn’t provide direct crypto trading, it connects you to reliable platforms that keep your investments safe.
For both new and experienced traders, Bybit is the top choice. It’s packed with features like staking, loans, and derivatives trading, plus a demo account and NFT marketplace, making it perfect for anyone wanting to dive into crypto at their own pace.
Bybit makes security a priority, with all assets backed 1:1. Whether you’re just starting or already trading, Bybit offers a secure, easy-to-use platform that Access Bank customers can trust to grow their crypto investments confidently.
Andrew Chen is a lead editor and auditor of content for Buy Bitcoin Bank, with a Masters of Computer Science and extensive knowledge in cryptocurrency and blockchain technology. He has helped ensure the accuracy and quality of the platform's educational resources for new and experienced investors in the crypto space.
