How to Buy Crypto with Privatbank

Can I Buy Bitcoin with PrivatBank?

Yes, PrivatBank customers can buy Bitcoin through regulated Ukrainian digital asset exchanges. While the bank doesn't offer direct crypto trading services, users can transfer Ukrainian Hryvnia (UAH) to investment platforms licensed by the National Bank of Ukraine. This process ensures a secure way to fund your account using bank transfers and other supported payment methods.‍

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How to Buy Crypto with PrivatBank

‍PrivatBank customers can buy digital assets using a regulated exchange. We recommend using Bybit, which is globally regulated and complies with Ukrainian regulations. Bybit supports over 1,200 digital currencies and allows free UAH deposits through various payment methods, including bank transfers, credit cards, debit cards, Apple Pay, and Google Pay.

Begin trading crypto with PrivatBank on Bybit by following these steps:

1. Create an Account: Visit Bybit's website and sign up for a new account.
2. Deposit Funds: After verifying your account, go to the 'Buy Crypto' section and choose your preferred deposit method to add UAH.
3. Select Asset: Pick the cryptocurrency you want to purchase and select 'UAH' as your deposit currency.‍
4. Complete Trade: Enter the amount you wish to invest in UAH and finalize the transaction.

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What are the Fees?

Being aware of the costs involved in using cryptocurrency exchanges is recommended for avoiding unexpected fees. These include charges for depositing funds, trading, and withdrawing assets. Most exchanges charge between 1% to 2% in trading fees.

Bybit is an excellent choice for PrivatBank users due to its competitive fee structure. For spot trading, Bybit charges only 0.1%, and the futures maker/taker rebate is 0.02%/0.06%. It also offers free UAH deposit options through bank transfers and SEPA, making it an affordable choice for investors.

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Is PrivatBank Crypto-Friendly?

‍Yes, PrivatBank is supportive of cryptocurrency transactions and provides resources to assist customers. Users can transfer funds to exchanges that comply with National Bank of Ukraine regulations, enabling secure investments in digital currencies.

PrivatBank does not impose specific limits on the amount you can spend on purchasing digital currencies through their services. If you encounter any issues or find that a transfer is blocked, it's advisable to contact PrivatBank's customer service to authorize the transaction.

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About PrivatBank

PrivatBank is the largest bank in Ukraine that offers a wide range of financial services, including personal and business banking. It features the Privat24 online banking platform, Universal Card, and Cashback Card, providing convenient access to account management and payments. The bank is a trusted choice for many Ukrainians, focusing on technological innovation in its offerings.

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Bottom Line

In conclusion, PrivatBank offers a secure method for buying cryptocurrencies like Bitcoin and Ethereum through regulated exchanges. By using platforms like Bybit, PrivatBank customers can benefit from free UAH deposits and low trading fees, with access to a wide range of 1,200 digital assets. In addition to trading, Bybit provides staking, lending and borrowing services.