How to Buy Bitcoin and Cryptocurrency with Monobank

If you already have a Monobank account, then you can buy Bitcoin with it. In this guide, you will learn how you can buy Bitcoin or crypto with Monobank.

By The 'Staunch

Monobank is a universal mobile banking services for Ukrainians and Europe.

It doesn’t have dedicated feature for crypto, but its customers can use the online banking credentials to set-up an account with a crypto exchange or brokerage.

It will then enable financial deposits in Ukrainian Hryvnia (UAH).

However, we are recommending Bybit, as they offer immediate and fee-free UAH deposits for Monobank account holders.

Bybit is a renowned crypto platform with a user community of more than 15 million spread across over 180 countries.

It supports various languages, including Ukrainian, an extensive selection of 770+ crypto-assets and the most competitive fees in the industry.

How to buy crypto with Monobank

The most secure way to buy Bitcoin and other digital assets using Monobank is through a an reputable exchange.

Bybit seems to be the best recommended, as it integrates effortlessly with the Monobank accounts.

Users can load their accounts instantly with UAH through a variety of means (such as; bank transfers, credit cards etc.)

Follow the steps below to purchase BTC on Bybit with Monobank account:

  1. Register an account on Bybit
  2. Go through the verification process
  3. Log into your account on the exchange
  4. Select One-Click Buy dedicated option
  5. Enter the fiat currency you wish to deposit (e.g. UAH)
  6. Enter the cryptocurrency you want to purchase
  7. Transfer funds from Monobank using any suitable method
  8. Click the ‘Buy’ button and confirm the transaction.

Once the transaction is successful, the tokens will be credited immediately into your Bybit account wallet for BTC.

Final words

In summary, Monobank doesn’t offer direct crypto services, but it allows users to interact with the digital currency market via licensed exchanges.

The partnership allows its customers to safely and efficiently invest in some digital assets, thereby supporting the increasing demand for crypto investments.

Clients can initiate transfers from their Monobank account and diversify their portfolios by investing in digital assets.

Despite the absence of in-house crypto services, Monobank stands as a reliable institute for secure, convenient, and regulated pathways to crypto markets.

Generally, to handle crypto transactions, you’re advised to engage a licensed exchange under the jurisdiction of Ukraine, or equivalent regulator in Europe.

About the 'Staunch

Henry is the founder of Crypto Staunch. He studied accounting and finance at Godfrey Okoye University, but became a Cryptopreneur to pursue his interest in learning digital currency and asset investment. Since 2018, Henry Kings has writing about Crypto, DeFi & NFT to help other people get started in the space. His publications has been featured in Binance Square, Digest Africa, Tech Economy, International Business Times, CoinDesk and many other top Crypto media outlets.

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About The 'Staunch

Henry is the founder of Crypto Staunch. He studied accounting and finance at Godfrey Okoye University, but became a Cryptopreneur to pursue his interest in learning digital currency and asset investment. Since 2018, Henry Kings has writing about Crypto, DeFi & NFT to help other people get started in the space. His publications has been featured in Binance Square, Digest Africa, Tech Economy, International Business Times, CoinDesk and many other top Crypto media outlets.