Crypto Banks
Buy Crypto with HDFC Bank

Buy Crypto with HDFC Bank

Fact Checked
February 2, 2023
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Summary: HDFC Bank does not directly offer any products or services which enables its customers to buy cryptocurrencies directly through the netbanking app. This means that investors in India will need to sign up to a Reserve Bank of India (RBI) approved crypto exchange to transfer INR from their accounts to buy and sell digital assets.

Our top pick for HDFC Bank account holders is OKX. They are a licensed and regulated exchange that offers instant Indian Rupee (INR) deposits to trade 300+ cryptocurrencies with low fees. The exchange is widely regarded throughout Asia with over 10 million users on the platform.

Table of Contents

Best Crypto Exchange for HDFC Bank

Platform Highlights

  • Fast and cheap Indian Rupee (INR) deposits from all HDFC Bank and other Indian Banks.
  • Trade & stake over 340 tokens like Bitcoin and Ethereum with low fees and tight spreads.
  • Feature-rich platform with Staking, an NFT Marketplace, Lending/Borrowing & more.
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Audited Proof of Reserves
Audited Proof of Reserves

How to Buy Crypto with HDFC Netbanking

As outlined above, the best way to buy cryptocurrencies with a HDFC netbanking acocunt is through an approved and regulated exchange in India. With this method, investors can transfer INR to buy 300+ digital assets with low fees with a UPI Bank Transfer which is the fast and safest method available.

You can follow these simple steps to get started:

  1. Sign Up: Create an account on OKX and complete your verification.
  2. Find the Buy Page: Select the 'Buy Crypto' tab in the navigation menu.
  3. Deposit Funds: Select INR, the amount you want to deposit and the token you want to buy.
  4. Buy Crypto: Click 'Buy' and select your payment method. We recommend using 'Third-party payment' to facilitate a UPI Bank Transfer to deposit INR onto OKX.
Buy Crypto HDFC Netbanking
Buy Crypto with a HDFC Netbanking Deposit.

Is HDFC Bank Crypto-Friendly?

Yes, HDFC Bank is considered crypto-friendly as it allows its investors to transfer funds into exchanges that are regulated by the Reserve Bank of India (RBI). This means that HDFC Bank recognizes the growing popularity and legitimacy of cryptocurrencies and is supportive of its customers who wish to invest in them through a regulated platform. As a result, HDFC Bank customers have the ability to securely and conveniently invest in cryptocurrencies through a trusted financial institution.

About HDFC Bank

HDFC Bank is one of the largest private sector banks in India. It was incorporated in 1994 and offers a wide range of financial products and services including savings and current accounts, loans, credit cards, insurance, investment services, and more. HDFC Bank is known for its innovation and use of technology, as well as its strong commitment to customer service and convenience. The bank operates through a network of over 5,600 branches and over 14,000 ATMs across India, making it a widely accessible and convenient option for consumers and businesses.

HDFC Netbanking.
HDFC Netbanking.

Final Thoughts

HDFC Bank is a leading private sector bank in India, offering a wide range of financial products and services to its customers. Although the bank does not directly offer cryptocurrency services, it allows its customers to transfer funds into RBI regulated exchanges, which suggests a level of support for cryptocurrencies.

Our top pick for HDFC Bank customers looking to invest in cryptocurrencies is OKX, a licensed and regulated exchange that offers instant INR deposits and low fees. To buy cryptocurrencies with HDFC netbanking, follow the simple steps outlined in this post, including signing up to OKX and making a deposit through UPI Bank Transfer. Keep in mind that it is always advisable to check with HDFC Bank directly for the most up-to-date information on their policies regarding cryptocurrencies.

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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