Buy Crypto with Banco Sabadell

Summary: Clients of Banco Sabadell can purchase digital assets via exchanges regulated by the Bank of Spain, utilizing their Banco Sabadell cards or the Single Euro Payments Area (SEPA) method. While Banco Sabadell does not directly facilitate crypto transactions, it ensures investment safety and legality through adherence to Bank of Spain guidelines.

For reasonable transaction fees and adherence to regulatory standards, we recommend eToro. This platform facilitates immediate Euro transfers from Banco Sabadell for trading across a portfolio of more than 3,000 assets at competitive rates.

Can You Buy Crypto with Banco Sabadell?

Yes, it is possible to buy digital assets leveraging your Banco Sabadell account, credit card, or debit card. Investors interested in buying Bitcoin and cryptocurrencies should first register on a cryptocurrency exchange in Spain that is regulated and compatible with transfers from Banco Sabadell. Since Banco Sabadell does not directly handle crypto transactions, opting for a digital currency platform regulated by the Bank of Spain provides an extra layer of safety for your transactions and confers customer protection.

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How to Buy Bitcoin or Crypto with Banco Sabadell

The safest approach to buying Bitcoin or other digital assets using a Banco Sabadell account is via a regulated exchange. This allows customers to securely transfer EUR from their Banco Sabadell account using methods like the Single Euro Payments Area (SEPA), Sabadell's Net Cash, or a Banco Sabadell card, among others. Our review suggests eToro as a recommended platform given its Banco Sabadell compatibility, strict regulatory compliance, and reasonable fees for trading over 3,000 assets.

Here's a straightforward step-by-step guide for buying crypto with your Banco Sabadell account on eToro:

1. Go to the eToro website and register on their platform.
2. Tap on the 'Deposit Funds' button, which is situated in the lower left corner of your screen.
3. Choose EUR as your desired currency and select your payment method (for example, SEPA Transfer) and then finalize your transfer from Banco Sabadell.
4. Once the deposit is done, you can utilize the credited funds in your account to acquire cryptocurrency.

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What are the Fees?

The costs tied to investing in Bitcoin and other cryptocurrencies via your Banco Sabadell online banking will vary depending on the platform chosen. Generally, investors need to consider charges such as deposit fees, withdrawal fees, spreads, and trading fees.

For Banco Sabadell account owners, we recommend eToro as a cost-efficient platform for Spanish investors. It enables low EUR deposits and commission-free trading. The only cost incurred when purchasing digital currencies on their platform is the spread, which is a reasonable 1%, making it more competitive than other well-known alternatives like Bitpanda, Kraken or Coinbase, which charge over 2%.

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Is Banco Sabadell Crypto-Friendly? 

Banco Sabadell permits its account holders to invest in Bitcoin, Ethereum, stablecoins and other digital assets via exchanges that are licensed by the Bank of Spain or the European Securities and Markets Authority (ESMA). This allows clients to leverage Spain-based exchanges that follow national rules intended to prevent financial crimes, including money laundering and fraud. By choosing a regulated exchange, Banco Sabadell customers can rest assured that their cryptocurrency investments are protected and conform to legal requirements.

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Bottom Line

​​In conclusion, Banco Sabadell allows its customers to invest in a range of cryptocurrencies including Bitcoin and Ethereum via licensed exchanges, offering them a secure and legal pathway into the dynamic world of digital assets. The most reliable and cost-friendly option for investing in cryptocurrencies using a Banco Sabadell account is through a regulated exchange like eToro. It offers easy fund deposits, low transaction fees, and robust security measures, assuring customer protection and satisfaction.

However, the bank doesn't directly process crypto transactions, which is why choosing a platform regulated by the Bank of Spain adds an extra layer of safety for users. Overall, Banco Sabadell's crypto-friendly stance opens up the digital currency market to its customers, granting them a trusted and accessible gateway to explore and invest in the future of finance.