How to Buy Crypto with BNP Paribas

How to Buy Crypto with BNP Paribas

Discover how BNP Paribas enables seamless cryptocurrency investments, offering a secure gateway to regulated digital asset platforms.

Crypto investing is offered by eToro (Europe) Ltd as a DASP, registered with the AMF. Cryptoasset investing is highly volatile. No consumer protection.

Summary: BNP Paribas does not directly offer cryptocurrency transactions through its banking services. Nevertheless, its clients can engage in the cryptocurrency market by transferring funds to exchanges adhering to the regulations of the Autorité des Marchés Financiers (AMF) in France.

BNP Paribas customers interested in crypto assets often opt for eToro. This AMF-regulated platform facilitates fast EUR deposits and grants access to over 3,000 cryptocurrencies, stocks, and ETFs. Its user-friendly interface, combined with stringent regulatory adherence, positions eToro as a suitable platform for clients seeking a range of investment opportunities.

Top Crypto Platform for BNP Paribas
5.0 out of 5.0 by Datawallet.
eToro stands out as the top platform for BNP Paribas account holders due to its AMF compliance, ease of Euro transactions, and extensive offering of over 3,000 financial assets, including cryptocurrencies.
Licensing & Regulation
The AMF, CySEC, FCA and other Tier-1 Regulators.
Available Assets
70+ Cryptos and 3,000 other assets.
Deposit Methods
Bank Transfer, SEPA, Debit Card, Credit Card and more.

Crypto investing is offered by eToro (Europe) Ltd as a DASP, registered with the AMF. Cryptoasset investing is highly volatile. No consumer protection.

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Can I Buy Crypto with BNP Paribas?

Yes, BNP Paribas enables its clients to invest in cryptocurrencies such as Bitcoin and Ethereum. The bank collaborates with certified crypto exchanges in France, regulated by the Autorite des Marches Financiers (AMF) as digital assets services providers (DASPs). It simplifies the process of buying cryptocurrencies, offering efficient Euro deposit options like SEPA transfers and bank cards, while ensuring strict adherence to regulatory compliance and providing user convenience.

How to Buy Crypto with BNP Paribas

BNP Paribas clients seeking cryptocurrency investments can access secure and proficient platforms. A trusted example is eToro, adhering to regulations by the Autorite des Marches Financiers (AMF). The platform facilitates straightforward Euro (EUR) deposits from BNP Paribas accounts via bank transfers and card payments. eToro provides a broad range of over 3,000 assets, including cryptocurrencies, stocks, and ETFs, making it a versatile choice.

Follow this guide to start your crypto investment journey with eToro through BNP Paribas:

  1. Account Setup: Register on eToro and complete the necessary identity verification.
  2. Funding Your Account: Go to 'Deposit' on eToro's interface, typically in the lower left area.
  3. Choosing Currency and Method: Select 'EUR' as your currency and decide on a preferred method to transfer funds from your BNP Paribas account.
  4. Buying Cryptocurrency: After depositing, utilize eToro’s search feature to find and invest in the cryptocurrency you want.
Buy Crypto with BNP Paribas

What are the Fees?

BNP Paribas clients thinking of investing in Bitcoin and other cryptocurrencies should consider the related fees. These typically include charges for deposits and withdrawals, trading commissions, and the spread, which is the difference between buying and selling prices.

For BNP Paribas account holders, eToro stands out as a cost-effective option. It offers economical Euro deposit methods such as SEPA transfers, compatible with BNP Paribas accounts, and features competitive trading fees. eToro employs a variable spread fee model, approximately 1%, which is notably lower than many platforms that often charge over 2%. This makes it a more financially advantageous choice for investors.

Is BNP Paribas Crypto-Friendly?

Yes, BNP Paribas is accommodating towards cryptocurrencies. The bank assists its clients in transferring funds to digital asset platforms that are regulated under France's robust legislative framework and possess a Digital Asset Service Provider (DASP) license from the Autorité des Marchés Financiers (AMF). This aligns with France’s commitment to blockchain technologies, positioning it as a pivotal hub for crypto and blockchain firms in Europe.

The legislative landscape in France, especially following the PACTE Act's adoption in 2019, offers a well-defined regulatory framework for DASPs and initial coin offerings (ICOs). This environment cultivates a secure and compliant atmosphere for cryptocurrency dealings. BNP Paribas' support enables its customers to confidently engage with AMF-regulated platforms, adhering to both national and EU guidelines for digital asset investments.

Bottom Line

In conclusion, BNP Paribas, aligning with France's progressive stance on blockchain and digital assets, provides a gateway for its clients to the dynamic world of cryptocurrency investments. While not directly facilitating crypto transactions, the bank enables seamless fund transfers to AMF-regulated platforms like eToro, known for its diverse asset offerings and user-friendly interface. This approach not only ensures adherence to regulatory standards but also offers a cost-effective and secure way for clients to explore and invest in cryptocurrencies.

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