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How to Buy Crypto with Nedbank

How to Buy Crypto with Nedbank

Andrew Chen
Fact Checked
Oct 5, 2022

Summary: Nedbank does not offer any products or services that allow users to invest in stocks or crypto through its internet banking platform. The best method to buy cryptocurrencies with a Nedbank account is by signing up for a licensed exchange that accepts ZAR deposits to trade digital assets.

If you are looking to get started quickly, we recommend the Uphold platform. They accept ZAR deposits from Nedbank Debit Cards and Credit Cards to buy and sell over 200 cryptocurrencies with zero fees on trading.

Table of Contents

Platform Highlights

Is Nedbank Crypto Friendly?

As one of the four largest banks in South Africa, Nedbank has been a pioneer in the country's banking sector. The bank has been at the forefront of innovative initiatives, such as introducing mobile banking and contactless payments. So, it's no surprise that Nedbank is also taking a keen interest in cryptocurrency.

In 2018, Nedbank also became the first bank in South Africa to allow its customers to buy and sell cryptocurrencies with funds from their bank accounts. This move by Ne

How to buy Bitcoin or Crypto with Nedbank

The easiest way to invest in digital assets with a Nedbank account is through a licensed and regulated trading platform in South Africa. We recommend the Uphold platform because they offer fast and cheap deposits from Nedbank to trade over 200 cryptocurrencies, stocks, ETFs and metals like gold and silver.

You can get started in 4 simple steps:

  • Step 1: Sign up to the Uphold platform and verify your identity.
  • Step 2: Connect your Nedbank account to Uphold by selecting the 'Link a bank account' button on your dashboard. Or, deposit via Debit or Credit Card (recommended).
  • Step 3: Find the crypto, stock or ETF you want to buy on the platform.
  • Step 4: Input the ZAR amount you want to invest and execute your trade.
Deposit funds via Nedbank with a Debit or Credit Card.

About Nedbank

Nedbank Group Limited (JSE: NED) is one of the largest banks in South Africa, offering a full range of banking and related financial services to retail, corporate and institutional clients.

Nedbank

The bank has a strong focus on innovation and is constantly exploring new ways to make banking more convenient, efficient and rewarding for its customers. The Group is also committed to responsible banking and works to ensure that its products and services are accessible to all.

Nedbank is a major player in the South African economy and is actively involved in supporting the country’s development goals. The Group has a long history of investment in social and economic infrastructure and has contributed significantly to job creation, skills development and enterprise growth.

Andrew Chen

Former Bitcoin Maximalist turned multi-chain enjoyer. I hunt down the best yields across AVAX, Solana, Fantom and other networks.

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