Buy Crypto with ICICI Bank
Explore how to use ICICI Bank for cryptocurrency transactions, understanding the associated fees, security, and more.
Summary: ICICI Bank does not offer integrated banking solutions that enable customers to directly buy and sell digital currencies via its online banking platform or ICICI Direct. As a result, investors are required to sign up with an exchange regulated by the Reserve Bank of India that allows INR transfers from their accounts for procuring cryptocurrencies.
From our review of over 20 licensed exchanges, Binance stands out as our top recommendation. Binance ranks amongst the most secure trading platforms in India, facilitating fast and affordable INR deposits from ICICI Bank accounts or ICICI credit cards to trade over 350 digital assets with industry-leading fees and liquidity.
Can I Buy Crypto with ICICI Bank?
Yes, purchasing Bitcoin, Ethereum, Polygon or other digital currencies using ICICI Bank is feasible. Transfers in Indian Rupees (INR) can be made from your ICICI account or card to a certified Indian cryptocurrency exchange. Accepted payment modes include bank transfers, ICICI credit or debit cards, and UPI. Investors need to join an exchange supervised by the Reserve Bank of India, ensuring it adheres to the necessary regulatory norms.
How to Buy Bitcoin and Crypto with ICICI Bank
The most reliable way to acquire digital assets like Bitcoin utilizing ICICI Bank is via a regulated digital asset marketplace. An exchange that is internationally acknowledged for its credibility and safety is Binance, offering an impressive array of over 350 digital assets. This exchange allows multiple INR deposit methods from ICICI net banking such as Bank Transfer, Credit Card, Debit Card, UPI, among others.
Here is a simple step-by-step guide to assist you:
- Start by visiting Binance and setting up your account.
- Choose the 'Buy Crypto' option in your navigation menu.
- Specify 'INR' as your currency and delineate your preferred payment method (for instance, Bank Transfer) to transfer funds from ICICI Bank.
- Upon successful deposit, navigate to the trading section, employ the search feature to locate and purchase your desired digital asset.

What are the Fees?
The costs related to buying Bitcoin and other digital currencies via an ICICI Bank account can fluctuate depending on the selected crypto exchange. The main charges you should take into account comprise deposit fees, withdrawal fees, spread rates, and trading fees.
We endorse Binance as the most economical choice for ICICI Bank customers, since it offers free INR deposits and competitive trading fees. The predominant expense when investing in cryptocurrencies on Binance is a trading fee, typically less than 0.1% per transaction, making it more cost-efficient compared to other platforms like CoinDCX, which is reputed for imposing fees significantly higher, often surpassing 1% per transaction.
Is ICICI Bank Crypto-Friendly?
ICICI Bank has shown its commitment to backing customers' cryptocurrency endeavours by allowing transactions with regulated trading platforms complying with the Reserve Bank of India (RBI) regulations. This strategy enables ICICI Bank's clients to make INR transfers from their accounts to platforms that adhere to national laws and standards developed to counter financial misconduct such as fraud and money laundering.
Thus, when transacting with these compliant platforms, clients of ICICI Bank can confidently dive into cryptocurrency investments, being assured that their investments are not just secure but also thoroughly consistent with all mandatory legal stipulations. Also note that ICICI Direct the online share broking platform also does not offer direct crypto asset investing.
Bottom Line
In summary, ICICI Bank enables customers to buy cryptocurrencies like Bitcoin and Ethereum through regulated exchanges such as Binance using bank transfers, credit/debit cards, or UPI. Binance's competitive fees make it a cost-effective choice. ICICI Bank supports transactions with RBI-compliant platforms, providing a secure and legal route for crypto investments. However, ICICI Direct does not support direct crypto investing, emphasizing ICICI's commitment to adhere to regulations while offering flexibility in crypto transactions.