To buy Frinkcoin using USD (US Dollar) you will have to use a cryptocurrency exchange or financial service that supports funding via either your bank account or credit card.
Let’s hear your thoughts in the comments section right now.Step by step guide on how to buy Frinkcoin (FRNK) cryptocurrency with USD If no, which one do you wish to open an account with? If yes, which one of them? And, has it been easy trading crypto using the bank’s services? These banks are safe to use and have different features that will benefit crypto traders.ĭo you have an account with any of the banks listed above?
We have come to the end of our discussion on crypto friendly banks in Nigeria. And this is what crypto traders love to hear. Plus, Kuda bank allows you to make unlimited bank transfers daily. It has the best offers and user interface. The best bank for a crypto trader will depend on what he intends to achieve at a particular time (withdrawal, deposit, transfer, etc.)Ĭonsidering that crypto transactions involve the transfer of huge funds from bank accounts to wallets, back and forth, I will choose Kuda bank as the best option. The customer support here is also poor.Īll the banks listed above are licensed and therefore safe to use. Sadly, this bank’s app responds slowly to commands. This card has a daily transaction limit of N30, 000. The bank also issues a debit card with which crypto users can make payments in exchanges like Luno, NaijaCrypto, and Paxful.
To enjoy the services of this bank, simply download the app on your devices and follow the given instructions to register.ĪLAT customers are able to carry out several functions using the app including sending and receiving money, payments of bills, purchase of airtime/data, save and invest, buy insurance policies, etc.
We have here another digital bank that is crypto-friendly.ĪLAT was created by WEMA bank in 2017. To get started on KUDA bank, download the app on your device and register with this code: QJQNSUOG 2. Luno, Paxful, Remitano, and Cryptofully also have Kuda bank on their list. Kuda bank also makes it easy for users to transfer funds from their wallets to their bank accounts and vice versa.įor example, Binance P2P recently added Kuda Bank as a payment option. However, you have to verify your account with a government-issued ID and your BVN to enjoy this feature.įurthermore, Kuda partnered with Access bank hence, Kuda bank users can make withdrawals from any Access bank ATM using their Kuda card. This is one feature that makes it a crypto friendly bank. The beautiful thing about this bank is that its services are free: deposit, withdrawals, account/card maintenance, bank transfer, and messaging.Īlso, Kuda allows its users to make unlimited transfers daily.
It was designed to be used on smartphones. Kuda was founded by Babs Ogundeyi and Musty Mustapha in 2018. The first bank on my list of Crypto friendly banks is Kuda, the first digital-only bank in Nigeria. T hese banks do not support crypto transactions any longer. This post is divided into the following subheadings:Ī click on any subheading above will reveal its details.įollowing the circular published by the Central Bank of Nigeria (CBN) on 5th February 2021, prohibiting financial institutions from facilitating payments for cryptocurrency exchanges If you are ready to find the banks, grab your writing pad and let’s get started! With these crypto friendly banks, crypto transactions have become easier, faster, and cheaper. However, the situation is better these days as more banks have included services that will favor crypto traders. And this has been a challenge to many crypto traders. In this post, I shared 4 crypto friendly banks that will make crypto traders smile.īanks have never been the institutions to support cryptocurrencies.