How to Buy Bitcoin & Crypto with Monobank

Can I Buy Bitcoin with Monobank?

Yes, Monobank customers can easily buy Bitcoin by transferring funds to trusted crypto exchanges in Ukraine. After depositing their funds, clients can access a wide range of digital assets, including Ethereum, Litecoin, Cardano, and more.

It’s important for Monobank users to choose exchanges that comply with Ukrainian financial regulations, ensuring a smooth and secure trading experience.

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How to Buy Crypto with Monobank

Monobank clients can easily enter the world of digital currencies by using exchanges that comply with Ukrainian financial regulations. Bybit is our top recommendation for its strong security and adherence to these guidelines.

With over 990 cryptocurrencies available and multiple payment options like bank transfers, PayPal, and credit cards, Bybit offers a transparent and user-friendly experience for Monobank customers.

To start investing, follow these simple steps:

1. Register: Sign up on Bybit and complete the verification process.
2. Select Payment Method: Choose a deposit option that works with Monobank, such as bank transfer or PayPal.
3. Pick Currency: Select ‘UAH’ for seamless transactions.
4. Complete the Transaction: Browse available tokens, select your investment, and click ‘Buy’ to finalize.

Monobank Cryptocurrency Policy

Monobank is embracing the growth of digital assets, offering customers straightforward access to crypto investments. This is achieved through partnerships with platforms that comply with the financial regulations set by the National Bank of Ukraine.

By collaborating with trusted exchanges, Monobank ensures its clients can confidently enter the crypto market. The bank’s focus is on maintaining regulatory compliance, safeguarding customer interests in the evolving world of digital currencies.

After careful evaluation, we recommend Bybit for its robust security and alignment with Ukrainian regulations. Bybit provides a reliable trading platform, ensuring strong protection for all users while offering a seamless crypto experience.

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Digital Asset Investing Fees

Understanding the costs involved in digital asset investing can help you make smarter choices. Here’s a simple breakdown of the fees you’ll typically encounter:

• Deposit Fees: The fee for adding funds depends on your payment method. Bank transfers are usually cheaper, while instant methods like debit cards can cost up to 2%.
• Transaction Fees: Trading fees vary by platform. Bybit offers a low 0.1% fee per trade, making it a budget-friendly option for buying and selling crypto.
• Withdrawal Fees: Fees for withdrawing crypto depend on the asset. For example, Bitcoin withdrawals typically cost around 0.0005 BTC, but this varies by coin.

Bybit is a solid choice for Monobank customers, with its competitive fees and easy-to-use platform. It’s a great way to get started with crypto investing without high costs.

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What is Monobank?

Monobank is a digital-first bank in Ukraine, built to make banking easy and accessible. It offers personal accounts, quick transfers, and credit solutions, all through a simple mobile app.

Founded by Dmytro Dubilet, former CIO of PrivatBank, Monobank uses cutting-edge tech to ensure fast and secure banking. The focus is on making your financial life easier and more efficient.

With a strong commitment to digital innovation, Monobank has quickly become a go-to for tech-savvy consumers in Ukraine. It’s built for those who want a seamless, on-the-go banking experience.

Monobank also helps customers explore the growing world of cryptocurrencies by offering access to secure platforms for crypto trading. This is a great option for those looking to get started in digital assets.

Best Alternative Crypto Exchanges for Monobank Users

While Bybit is our top recommendation for Monobank customers, there are other solid exchanges worth considering for crypto investments:

• Binance: A great option for Monobank users, Binance offers a wide selection of cryptocurrencies, competitive fees, and supports PLN deposits, making it accessible for Ukrainian customers.
• Kraken: Kraken is known for its strong security and simple interface. It’s perfect for Monobank clients looking for a regulated exchange with a wide range of cryptocurrencies and features suited for both beginners and seasoned traders.
• KuCoin: KuCoin offers an extensive variety of trading pairs and advanced tools like futures, staking, and lending. It’s a good fit for Monobank users looking to diversify their portfolio with more options.

These exchanges provide Monobank customers with secure, regulated platforms to trade cryptocurrencies, tailored to different levels of experience and trading preferences.

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Final Thoughts

Monobank doesn’t offer direct crypto investments, but it connects users to trusted exchanges like Bybit. This partnership lets Monobank customers safely and easily dive into the digital asset market.

Bybit stands out for its local payment options, including bank transfers, and its wide selection of over 1,000 cryptocurrencies. It’s a solid platform for Monobank users looking to start or expand their crypto portfolio.

With strong security, transparent operations, and advanced features like staking and futures trading, Bybit is an excellent choice for both beginners and experienced investors.