How to Buy Crypto with Banco Nacion

Can I Buy Bitcoin with Banco Nacion?

Yes, Banco Nacion users can buy Bitcoin and other cryptocurrencies through Argentine digital asset exchanges regulated by the Central Bank of Argentina (BCRA). Although the bank does not offer an inv-built crypto investment service, it allows customers to transfer Argentine Pesos (ARS) to licensed trading platforms. Traders in Argentina can deposit money using bank transfers and cards.

‍

How to Buy Crypto with Banco Nacion

‍Banco Nacion users interested in purchasing digital currencies should use an exchange regulated by BCRA. Bybit is a recommended platform as it complies with global regulations and offers an easy registration process. It provides access to over 1,200 cryptocurrencies and supports free ARS deposits through bank transfer, credit card, debit card, Apple Pay and Google Pay.

Start your crypto investment journey by following these steps:

1. Account Setup: Visit Bybit's platform and sign up for a new account.
2. Deposit Funds: Once your account is verified, add funds by going to the ‘Buy Crypto’ section and selecting your preferred deposit method.
3. Selecting Cryptocurrency: Choose your desired asset and select ‘ARS’ as your deposit currency.‍
4. Complete Investment: Specify the amount you wish to invest in ARS and finalize your transaction.

‍

What are the Fees?

Understanding the associated fees is crucial for Banco Nacion customers who are new to crypto investing. These can include costs for depositing and withdrawing money, as well as executing trades. Trading fees on most platforms typically range from 1% to 2%.

Bybit is an excellent choice as its trading fees are very competitive, starting at around 0.1% for spot trading, much lower than other platforms like Coinbase, which charges 2%. Bybit also offers free ARS deposit options, such as ACH Transfer, to help minimize overall costs.

‍

Is Banco Nacion Crypto-Friendly?

Yes, Banco Nacion supports cryptocurrency transactions and provides its customers with educational resources about digital assets. Users can transfer funds to exchanges regulated by the Central Bank of Argentina (BCRA) or other relevant global financial authorities, enabling them to invest in cryptocurrencies while adhering to strict regulations.

Banco Nacion does not impose specific limits on the amount you can spend on digital currency purchases through their service. However, it is essential to verify that the chosen crypto exchange accepts Banco Nacion transfers. This allows users to invest in cryptocurrencies like Bitcoin and Ethereum without facing unnecessary restrictions.

‍

About Banco Nacion

Banco Nación, Argentina's largest state-owned bank, offers various financial services, including personal and corporate banking. Founded in 1891, it provides products such as the Nación Simple savings account, Nación Visa and MasterCard credit cards, and Nación Empresas business accounts. Specialized loans include Préstamos UVA for housing and Nación Leasing for business equipment. 

‍

Bottom Line

In conclusion, Banco Nación allows fund transfers to regulated exchanges, enabling customers to buy cryptocurrencies like Bitcoin. While it doesn't offer direct crypto services, platforms like Bybit provide a user-friendly experience with competitive fees. Bybit facilitates free ARS deposits, supports thousands of digital assets and a multilingual interface that can be used in Spanish.