How to Buy Crypto with Banco Santander
Discover the easiest and safest way to invest in Bitcoin, Ethereum and crypto assets with Banco Santander.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Summary: Banco Santander doesn't currently facilitate direct cryptocurrency transactions via its online banking platform. Nevertheless, its customers can engage in the digital currency market through officially sanctioned exchanges, using Euros (EUR) transferred from their Banco Santander accounts to purchase cryptocurrencies on a platform of their choice.
After thorough assessment of over 20 certified exchanges, eToro stands out as the preferred choice for Banco Santander clients. This reputable exchange enables quick, economical EUR transfers from Banco Santander accounts, and offers access to an extensive range of over 3,000 digital currencies, stocks, ETFs, and other varied investment options.
Can I Buy Crypto with Banco Santander?
Yes, you can invest in digital assets using your Banco Santander account or card. If you want to buy Bitcoin, Ethereum, or any other cryptocurrencies, you need to establish an account on a cryptocurrency exchange in Spain that accepts deposits from Banco Santander. When choosing an exchange, it's crucial to ensure it adheres to the guidelines laid out by Spain's National Securities Market Commission (CNMV) or an equivalent European authority such as the CySEC.
How to Buy Bitcoin and Crypto with Banco Santander
The safest way to buy digital currencies through your Banco Santander account is via a regulated exchange such as eToro, which adheres to the guidelines of the CySEC. Known for its credibility, eToro enables investors to promptly deposit Euros (EUR) from Banco Santander using multiple options, including bank transfers, Santander Cards, debit cards, credit cards, and more, allowing trading across over 3,000 unique assets.
Here's a simple four-step guide to get started:
- Sign up for an eToro account and complete your verification process.
- Hit the 'Deposit Funds' button, located at the bottom left of your screen.
- Choose 'EUR' as your currency and your preferred payment method, then initiate the transfer from Banco Santander.
- Use the search bar to find and purchase your preferred cryptocurrency.

What are the Fees?
The fees associated with buying Bitcoin and other cryptocurrencies using a Banco Santander account hinge on the selected cryptocurrency exchange. Key charges may include deposit fees, withdrawal fees, spread percentages, and trading fees.
We suggest eToro as a cost-effective choice for Banco Santander clients, due to its inexpensive Euro deposits and minimal commission trading. The main cost when buying cryptocurrencies on eToro is a 1% spread, which is impressively competitive compared to other platforms such as Coinbase, that charges over 2% per transaction.
Is Banco Santander Crypto-Friendly?
Banco Santander indeed supports its customers' involvement with Bitcoin, Ethereum, stablecoins, and other cryptocurrencies via exchanges sanctioned by Spain's National Securities Market Commission (CNMV), the Bank of Spain or the Cyprus Securities and Exchange Commission (CySEC).
This policy ensures customers deal with platforms that comply with both national and European regulations designed to prevent financial misconduct, including money laundering and fraudulent transactions. By choosing a regulated exchange, Banco Santander clients can feel secure that their cryptocurrency investments are protected and conform to legal standards.

Bottom Line
In conclusion, Banco Santander customers can purchase Bitcoin, Ethereum, and other cryptocurrencies via regulated exchanges. To ensure safety and adherence to legal standards, these exchanges should comply with the guidelines of Spain's National Securities Market Commission (CNMV) or an equivalent European authority like the CySEC.
eToro emerges as an efficient choice due to its credibility, broad asset base, and competitive fees. With Banco Santander's policy of supporting cryptocurrency trading through compliant platforms, customers can engage confidently in the digital asset space.