How to Buy Crypto Standard Bank
As outlined above, the best way to buy Bitcoin and crypto assets with a Standard Bank account is with a licensed and regulated crypto trading platform. This is because Standard Bank does not currently offer crypto investing services through its online banking platform. We recommend using OKX because they offer fast & cheap ZAR deposits to trade 300+ assets with low fees.
Here’s a quick guide on how to get started:
- Open a free account on OKX and complete the verification requirements.
- Tap 'Buy Crypto' and ZAR as your currency.
- Select the Crypto you want to buy out of 300+ available assets.
- Input the amount you want to invest and click 'Buy' to execute your trade.
Is Standard Bank Crypto-Friendly?
Yes, Standard Bank is a crypto-friendly financial institution in South Africa that allows its customers to transfer funds into regulated trading platforms in the country. This means that investors do not need to be concerned about the bank freezing their account or withdrawals if they transfer ZAR into trading platforms like OKX and others.
Will Standard Bank Offer Crypto Services?
Our team is not aware of any specific plans or announcements by Standard Bank regarding offering cryptocurrency services in the future. It is possible that the bank may consider offering such services in the future as the use and acceptance of cryptocurrency continues to grow.
Standard Bank customers can buy and trade cryptocurrencies with ease through licensed crypto trading platforms in South Africa like OKX. These exchanges offer a wide range of features including leverage trading, staking, NFT marketplaces and much more.
With Standard Bank’s support for these platforms, investors can safely deposit ZAR to their accounts without fear of account freezing or withdrawal issues.