As a Cambodian citizen or anyone residing around this axis ready to begin your crypto journey, you must learn how to buy Bitcoin and crypto using Cambodia-supported banking platforms like ABA. The Advanced Bank of Asia (ABA) is a leading commercial bank, providing users access to financial services such as mobile transfers, bill payments, and crypto purchases. In this article, we will learn how to buy Bitcoin and any cryptocurrency of your choice, via the Advanced Bank of Asia (ABA).
Can I Buy Bitcoin and Crypto With ABA?
Yes, you can buy BTC, ETH, and a wide range of crypto assets via ABA bank’s services, including bank transfers, Visa/MasterCard payments, and many more. Although ABA is not a crypto exchange—but a renowned financial service provider in Cambodia, it is supported as a payment method on major exchanges. This means that with your ABA account, you can buy Bitcoin and crypto on exchanges that support the ABA payment method.
Binance is among such ABA-supported crypto exchanges, allowing users to buy Bitcoin and crypto via ABA at the snap of their fingers. To begin the crypto purchase process, you must create an account with ABA Bank and fund it with enough money to pay for the transaction. Also, Binance will request a bunch of personal documents, ranging from your driver’s license, ID, or other means of verification. Use the tab below to get started on Binance.
How to Buy Bitcoin and Crypto Using ABA on Binance
You can buy crypto assets like Bitcoin, Ethereum, and USDT using the ABA payment method on Binance P2P. ABA bank is a popular choice for P2P transactions thanks to its seamless integration into Binance and its widespread use in Cambodia. Simply follow the simple steps below to buy crypto using ABA on Binance P2P:
- Log in to your newly created Binance account and navigate to the P2P Trading section.
- Select Buy, then choose BTC (or any other cryptocurrency you want to buy). Use the filter to select ABA Bank in the Payment Method list and set your preferred currency (USD or KHR).
- Browse the list of sellers, then pick one with a high completion ratio and reasonable rates. Enter the amount of BTC you want to buy and Confirm.
- On your ABA bank app, transfer the estimated quote to the seller’s provided account details. Return to Binance and click Transferred. Notify the seller to complete the transaction.
- Once the seller receives the payment receipt, your BTC will be transferred into your Binance account.
Binance lists ABA as a trusted payment method in its peer-to-peer trading section. Hence, to prevent trading scams, all purchases must be made according to Binance’s directives.
Fees When Buying Bitcoin and Crypto With ABA
ABA bank, for your Bitcoin and crypto purchase, is not only a fast and secure option but also a cost-effective one. ABA typically doesn’t charge extra fees for local transfers in KHR but might charge for USD transfers. Binance, on the other hand, charges ZERO additional fees on peer-to-peer trades, so you have nothing to worry about! However, crypto purchases via other methods, such as card transfers, may attract extra processing fees.
About ABA
ABA, established in 1996, is one of Cambodia’s largest commercial banks, renowned for its continuous investment in modern digital banking services. ABA offers you a range of services, including mobile banking, international transfers, and online payments through its ABA Pay platform, Visa/MasterCard, and local and international currency transactions. Also, the bank is highly recommended as a payment method for buying BTC and crypto on supported exchanges like Binance and Paxful.
Bottom Line
With the Binance-ABA combo, diving into the crypto world has never been easier. Select the ABA payment method on your favorite exchanges, and follow the simple steps highlighted above to buy any asset of your choice anytime. Register with Binance today to get started.
