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Buy Crypto with Bank of China

Buy Crypto with Bank of China

Adrian Graham
Adrian Graham
Co-Founder (MBA)
Fact Checked
March 8, 2023
Our Promise

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Summary: The best way to buy Bitcoin and cryptocurrencies with a Bank of China account is through a regulated third-party exchange. With this method, investors can easily deposit their local fiat currency to trade hundreds of digital assets with low fees on a secure and trusted crypto exchange.

Based on our analysis of over 30 platforms, we found that Bybit was the best overall option for Bank of China account holders. Their exchange is available in over 120 countries, offers instant multi-currency deposits from Bank of China to trade over 400 cryptocurrencies with industry-leading fees.

Table of Contents

Top Platform for Bank of China - Bybit

Platform Highlights

  • Free and instant multi-currency deposits from Bank of China from 100+ countries.
  • Trade 400+ Cryptocurrencies with competitively low fees starting from 0.1%.
  • Non-KYC exchange with proof-of-reserves that show customer funds are backed 1:1.
Top Platform for Bank of China
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Audited Proof of Reserves
Audited Proof of Reserves

Can You Buy Crypto with Bank of China?

Yes, it is possible to buy cryptocurrency using Bank of China, but only through a licensed third-party exchange. Bank of China does not support direct crypto investing through its online banking platform. To purchase or trade cryptocurrencies, you will need to use an authorized exchange that accepts Bank of China payments. Once your account is verified, you can link your Bank of China account to the exchange and deposit funds to buy cryptocurrencies.

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How to Buy Crypto with Bank of China

As outlined above, the safest and easiest way to invest in crypto assets with a Bank of China account is through a trusted exchange. Based on our analysis of the top global exchanges, we found that Bybit was the best option for BOC account holders thanks to their instant deposits, low fees and secure platform that is trusted by over 10 million users.

Here is a simple step-by-step guide to getting started:

  1. Create a free account on Bybit with your email address (ID verification not required).
  2. Find the fiat currency you want to use (e.g HKD) and the crypto you want to buy (BTC).
  3. Select the deposit method you want to deposit HKD with.
  4. Complete the transaction and the funds will arrive in your account immediately.
Deposit HKD via FPS from Bank of China.
Deposit HKD via FPS from Bank of China.

Is Bank of China Crypto-Friendly?

While China has implemented some regulations on cryptocurrency trading and exchanges, Bank of China does not seem to be overtly hostile towards the use of digital assets. In fact, Bank of China does not block transfers into regulated cryptocurrency exchanges, indicating a level of tolerance towards cryptocurrency trading within the bounds of the law.

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Final Thoughts

In conclusion, it is possible to buy cryptocurrency using a Bank of China account, but it must be done through a regulated third-party exchange. Bybit stands out as the best option for Bank of China account holders due to its instant deposits, low fees, and trusted platform.

While China has implemented some regulations on cryptocurrency trading and exchanges, Bank of China does not seem to be overtly hostile towards digital assets, and investors can still participate in cryptocurrency trading within the bounds of the law. As always, investors should exercise caution and do their own research before investing in any digital asset.

Post Tags

Asian Banks
Centralized Exchanges
Digital Assets

Adrian Graham

Co-Founder & former Investment Banker (Finance MBA) turned Full-Time DeFi analyst and researcher. Left traditional finance to pursue my interest in digital assets and decentralized finance.

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