Crypto investing is offered by eToro (Europe) Ltd as a DASP, registered with the AMF. Cryptoasset investing is highly volatile. No consumer protection.
Summary: AXA Banque currently does not provide the option for direct cryptocurrency transactions via its online banking platform. In saying that, clients can actively participate in the cryptocurrency market by utilizing AMF-regulated exchanges, using Euros (EUR) transferred from their AXA Banque accounts to purchase cryptocurrencies on their chosen platform.
After comparing numerous licensed exchanges in France and Europe, eToro is the number one option for AXA Banque customers. As an AMF-licensed trading platform, eToro ensures fast, affordable EUR transfers from AXA Banque and grants access to an extensive portfolio of over 3,000 digital currencies, stocks, ETFs, and other investment assets.
Can I Buy Crypto with AXA Banque?
Yes, AXA Banque clients can invest in cryptocurrencies such as Bitcoin and Ethereum by using their AXA Banque accounts or cards. To do this, you must create an account on a cryptocurrency exchange in France or Europe that accepts deposits from AXA Banque. It's crucial to verify that the exchange complies with the regulations set by France's Autorité des marchés financiers (AMF) or an equivalent European regulatory entity.
How to Buy Bitcoin and Crypto with AXA Banque
The safest way to buy cryptocurrencies via your AXA Banque account is through a regulated exchange like eToro. Known for its trustworthiness, eToro enables users to efficiently deposit Euros (EUR) from AXA Banque through various channels, including bank transfers, credit or debit cards, among others, thus allowing trading in a vast array of assets.
French investors can start trading crypto with these simple steps:
- Register for an eToro account and complete the verification process.
- Click on the 'Deposit Funds' button, usually located at the bottom left of your screen.
- Choose 'EUR' as your currency and select your payment method, then initiate the transfer from AXA Banque.
- Use the search bar to find and purchase the cryptocurrency you want.
What are the Fees?
The fees associated with buying cryptocurrencies using AXA Banque depend on the cryptocurrency exchange you choose. Fees may include trading, deposit, withdrawal fees, and spread percentages. We recommend eToro as a budget-friendly alternative for AXA Banque clients due to its inexpensive Euro deposits and low commission trading. The main cost of purchasing cryptocurrencies on eToro is a 1% spread, making it highly competitive compared to other exchanges such as Coinbase.
Is AXA Banque Crypto-Friendly?
AXA Banque supports its clients in investing in cryptocurrencies like Bitcoin, Ethereum, and stablecoins through exchanges that are sanctioned by France's Autorité des marchés financiers (AMF), the Bank of France, or the European Securities and Markets Authority (ESMA).
This approach guarantees clients’ transactions with exchanges that comply with French and European regulations to curb financial malpractices such as money laundering and fraud. By choosing a regulated exchange, AXA Banque customers can rest assured that their cryptocurrency investments are protected and in accordance with legal standards.
In the evolving landscape of cryptocurrency, AXA Banque is paving a secure pathway for its clients to step into the world of digital investments. While direct transactions aren't available on its online platform, clients can comfortably and securely venture into the crypto market using AMF-accredited platforms. Among these, eToro emerges as a preferred choice, boasting a vast array of assets and facilitating smooth EUR transfers from AXA Banque accounts.
Clients can therefore engage in cryptocurrency investments with peace of mind, assured of adherence to the stringent regulations laid down by French and European authorities, safeguarding their investments and fostering a safe trading environment.