Key Takeaway: Tinkoff Bank doesn't support crypto investments directly, but customers can use external exchanges accepting RUB.
We recommend Bybit for its free, instant RUB deposits, multilingual Russian interface, and access to over 980 cryptocurrencies for trading and staking. Bybit serves over 15 million users globally, including Russia.
- Free Russian Rubles (RUB) deposits from any Russian bank, debit or credit card.
- Buy 980+ cryptocurrencies with low fees (0.1%) through spot and futures trading.
- Regulated and trusted exchange with over 18 million users worldwide.
Can I Buy Bitcoin with Tinkoff Bank?
Yes, Tinkoff Bank enables its clients to transfer funds to cryptocurrency exchanges for buying assets like Bitcoin. While the bank doesn’t offer direct crypto purchasing or trading services, it approves transactions to regulated and secure exchanges. For a safe experience, it's best to use licensed platforms operating within Russia’s legal framework.
How to Buy Crypto with Tinkoff Bank
Tinkoff Bank allows Russian investors to easily purchase and trade digital currencies through reputable exchanges like Bybit. With support for RUB and EUR deposits, plus multiple payment options such as credit cards, direct bank transfers, Payeer, and Advcash, buying crypto is straightforward.
Follow these steps to purchase cryptocurrency on Bybit using Tinkoff Bank:
- Create a Bybit Account: Sign up on Bybit and complete the necessary identity verification to secure your account.
- Choose Payment Method: Head to the 'Buy Crypto' section and select from the available payment options that fit your needs.
- Select Currency: Choose either RUB or EUR as your deposit currency.
- Make Your Purchase: Browse over 980 cryptocurrencies available on Bybit, enter the amount you want to buy, and confirm your purchase.
Tinkoff Bank Cryptocurrency Policy
Tinkoff Bank adopts a progressive approach to cryptocurrencies, meticulously complying with essential regulatory standards. It enables its clients to delve into the world of digital assets by sanctioning transfers to reputable trading platforms overseen by the Central Bank of Russia. Our recommended option for Tinkoff Bank customers is Bybit, which operates under strict compliance with international financial regulations, ensuring a secure and transparent investing environment.
Digital Asset Investing Fees
When delving into the realm of digital asset investments, it's important for investors to be aware of the various fees involved. Here's a detailed look at what you might expect when using an exchange:
- Trading Costs: These fees are incurred during the buying and selling of digital assets. They are typically kept low, around 0.1% or less on Bybit, making it an attractive option for frequent traders.
- Deposit Charges: The cost of funding your account varies based on your chosen method. Direct bank and SEPA transfers often come without any charge, whereas opting for credit or debit cards could lead to fees exceeding 2%.
- Withdrawal Fees: This varies depending on the cryptocurrency, with platforms typically charging a standard fee, such as 0.0005 BTC, for Bitcoin withdrawals.
In comparison to other exchanges, such as Coinbase, with fees as high as 5%, Bybit stands out for its affordable and customer-friendly approach. Bybit's attractive features include free RUB and EUR deposits, plus competitive overall rates.
What is Tinkoff Bank?
Tinkoff Bank is a Russian digital-only direct bank, founded in 2006 and offering both consumer banking services and business accounts. The bank has no physical branches but customers are able to access their accounts through the Tinkoff mobile app. It offers its customers a wide range of features such as credit cards, loans, deposits, and investments.
The bank also offers a growing range of services, such as international money transfers, currency exchange, and insurance products. Tinkoff is one of the most innovative banks in Russia, having won multiple awards for its mobile app, customer service, and innovation. The company has been ranked first among Russia’s largest banks in the Financial Times’ “Most Innovative Russian Banks” annual survey for several years in a row.
Final Thoughts
In conclusion, while Tinkoff Bank doesn't provide a direct crypto trading feature, it allows customers to securely interact with digital assets through regulated exchanges. Our expert team has determined that Bybit is the best option as it provides a Russian interface, live customer support in the language, free RUB deposits, competitive fees and a safe investing environment. It also has a wide range of over 980 digital currencies that can be traded on spot, options and futures markets with up to 25x leverage.
Dylan Matthews is the Co-Founder and head of operations at Buy Crypto Bank, with a background in engineering and experience as a Prop Trader. He has leveraged his knowledge and skills to build and scale the platform, providing users with a seamless experience for buying and selling cryptocurrency.
