How to Buy Crypto with Privatbank

Can I Buy Bitcoin with Privatbank?

Yes, Privatbank users can buy Bitcoin through licensed crypto exchanges in Ukraine. The bank allows transfers to platforms that comply with regulations under the National Bank of Ukraine. Users can fund their exchange accounts directly using Privatbank’s Hryvnia (UAH) payment methods, such as bank transfers or cards.

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How to Buy Crypto with Privatbank

Privatbank enables users to transfer funds to trusted crypto exchanges like Bybit, which adheres to Ukrainian regulations and serves over 55 million users worldwide. Bybit provides access to 1,500+ cryptocurrencies for trading, staking, and investing. Users can deposit (UAH) using supported payment options, including bank transfers and cards.

Follow these steps to start trading Bitcoin or other cryptocurrencies:

1. Open an Account: Sign up for a free Bybit account and complete identity verification for secure access.
2. Select Payment Method: Head to the ‘Buy Crypto’ section on your dashboard and pick your deposit method.
3. Transfer Funds: Choose UAH as your deposit currency and use Privatbank to transfer funds directly.
4. Make Your Trade: Once your deposit is processed, select your desired cryptocurrency and place your trade.

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What are the Fees?

Using Privatbank to buy crypto on Bybit comes with minimal fees. Here is a breakdown of Bybit’s fee structure:

• Deposits: Bybit does not charge any fees for Hryvnia (UAH) deposits via Privatbank.
• Withdrawals: There are no fees for withdrawing fiat currencies. However, crypto withdrawals to external wallets incur standard network transaction fees.
• Trading: Spot trading fees start at 0.1 percent. Futures trading fees are lower, with a 0.02 percent maker fee and a 0.055 percent taker fee.

Bybit’s fee structure is highly competitive compared to exchanges like Coinbase, which charges over 2 percent per trade.

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Privatbank Cryptocurrency Policy

Privatbank supports cryptocurrency transactions to exchanges licensed by the National Bank of Ukraine or European regulators. Users can easily transfer funds in hryvnia (UAH) through Privatbank-supported payment methods like bank transfers or cards, enabling secure investments in Bitcoin and other digital assets.

During martial law in 2022, Privatbank temporarily restricted Bitcoin purchases with UAH under directives from the National Bank of Ukraine. These measures were implemented to ensure financial stability during the crisis.

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About Privatbank

PrivatBank is Ukraine’s largest commercial bank, trusted by over 19 million active customers for its innovative financial services. Its flagship platform, Privat24, delivers seamless online banking, transfers, and account management. 

PrivatBank is renowned for its versatile payment cards, SME-friendly solutions, and consumer loans, making it a go-to choice for modern, accessible banking in Ukraine.

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Bottom Line

Privatbank enables Ukrainian users to purchase Bitcoin and other cryptocurrencies through regulated exchanges like Bybit, using UAH payment methods such as bank transfers and cards. 

With competitive fees and compliance with local regulations, Privatbank provides a practical and trusted option for accessing the crypto market in Ukraine.