Can I Buy Bitcoin with BDO?

Yes, BDO Bank users can buy Bitcoin and other digital currencies through Filipino crypto exchanges regulated by the Bangko Sentral ng Pilipinas (BSP). Although the bank does not provide direct crypto trading services, it allows customers to transfer Philippine Pesos (PHP) to licensed investment platforms. Users can deposit funds using bank transfers and cards, streamlining the registration process.

How Buy Crypto with BDO

‍BDO Bank users interested in purchasing digital assets must use an exchange regulated by the Bangko Sentral ng Pilipinas (BSP). Bybit is a recommended platform as it complies with Philippine regulations and offers competitive fees. It provides access to over 1,200 cryptocurrencies and supports free PHP deposits from BDO Bank accounts and cards.

Start your crypto investment journey by following these steps:

1. Account Creation: Visit Bybit's platform and sign up for a new account.
2. Deposit Money: Once your account is verified, add funds by going to the ‘Buy Crypto’ section and selecting your preferred deposit method.
3. Selecting Cryptocurrency: Choose your desired asset and select ‘PHP’ as your deposit currency.‍
4. Complete Investment: Specify the amount you wish to invest in PHP and finalize your transaction.

What are the Fees?

‍For BDO Bank customers new to crypto investing, understanding the various fees associated with using an exchange is essential. This can include costs for depositing funds, executing trades, and withdrawing money. Trading fees on most platforms typically range from 1% to 2%.

Bybit is an excellent choice for BDO Bank users due to its competitive trading fees, starting at around 0.1% for spot trading. This is significantly lower than platforms like Coinbase, which can charge up to 2%. Bybit also offers free PHP deposit options, such as bank transfers, GCash and card payments, helping to keep overall costs low.

Is BDO Crypto-Friendly?

Yes, BDO Bank supports cryptocurrency transactions and offers educational resources about digital assets to its customers. Users can transfer funds to exchanges regulated by the Bangko Sentral ng Pilipinas (BSP) or other relevant global financial authorities, allowing them to invest in crypto while complying with strict regulations.

BDO Bank does not impose specific limits on the amount you can spend on digital currency purchases through their service. However, ensuring that the chosen exchange accepts BDO Bank transfers is essential. This enables users to invest in cryptocurrencies without encountering unnecessary restrictions.

About BDO Bank

BDO Bank, one of the largest banks in the Philippines, offers a range of financial products, including savings and checking accounts, personal and business loans, investment services, and credit cards. BDO's digital banking platform provides secure and convenient online transactions, and its extensive network of branches and ATMs ensures easy access to banking services. 

Bottom Line

In conclusion, BDO Bank provides a secure way for its clients to invest in cryptocurrencies by facilitating transactions to regulated exchanges. With platforms like Bybit, BDO users can easily transfer PHP, enjoy competitive trading fees, and access a wide range of digital assets. By leveraging Bybit's comprehensive features and trading types, BDO customers can confidently embark on their crypto investment journey.