How to Buy Crypto with Halkbank

Can You Buy Crypto with Halkbank?

Yes, you can buy Bitcoin and crypto assets with Turkey's Halkbank through a regulated third-party exchange. By registering on these licensed platforms, Halkbank's clients can seamlessly transfer Turkish Lira (TRY) from their bank accounts to invest in Bitcoin and other crypto assets. This roundabout yet efficient method paves the way for Halkbank's customers to partake in the exciting world of digital currencies.

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How to Buy Bitcoin and Crypto with Halkbank

The easiest way to buy and trade cryptocurrencies from your Halkbank internet banking account is through the Bybit exchange. They offer instant TRY deposits to trade over 350 cryptocurrencies with low fees starting at 0.05%. Their platform also allows investors in Turkey to stake coins like BTC, ETH,  USDT and 50 others to earn annual interest.

Follow the simple 4-step guide below to start buying crypto from your Halkbank account.

1. Sign up to Bybit (does not need ID or KYC information).
2. Select the fiat currency (TRY) you want to use and the crypto you want to buy.
3. Select the deposit method you want to use from Halkbank (Bank Transfer Debit Card, Credit Card, Apple Pay etc).
4. Complete the transaction and the funds will arrive in your account immediately.

What is Halkbank's Crypto Policy?

Halkbank has a clear and concise policy when it comes to cryptocurrencies. Halkbank clients can use their accounts to buy, sell, and hold cryptocurrencies. However, the bank does not provide custody services for digital assets. This means that clients are responsible for storing their own cryptocurrencies, and must take measures to keep them safe from theft or loss.

The bank also does not allow its clients to use cryptocurrencies for illegal activity. This includes but is not limited to money laundering, terrorist financing, and fraud. If a client is found to be using their account for any illegal purpose, their account will be immediately frozen and they will be reported to the relevant authorities.

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About Halkbank

Halkbank is one of the largest banks in Turkey. It was founded in 1938 and offers a wide range of banking services, including retail and corporate banking, trade finance, treasury, and project financing. Halkbank has a network of over 1,000 branches and more than 4,000 ATMs across Turkey. It also has a significant presence in key international markets, including Germany, the UK, the UAE, and Qatar. Halkbank is listed on the Borsa Istanbul stock exchange and has a market capitalization of around US$15 billion.

Headquartered in Ankara, Halkbank employs around 33,000 people and reported total assets of TRY295 billion (US$70 billion) at the end of 2022. Halkbank is majority-owned by the Turkish government (51%), with the remaining shares held by public and institutional investors.

Final Thoughts

In summary, the Halkbank internet banking platform does not offer any investing services for stocks, gold, or cryptocurrencies. Users looking to invest in crypto will need to deposit Turkish Lira into a licensed and regulated trading platform. Bybit offers a fast and cheap way to trade over 350 cryptocurrencies with low fees starting at 0.05%, as well as staking options for many coins to earn annual interest.

Halkbank allows its clients to buy, sell, and hold cryptocurrencies but does not provide custody services and prohibits any illegal activity. It is important to carefully consider the risks and do your research before investing in cryptocurrency.