How to Buy Crypto with BNP Paribas

Can I Buy Bitcoin with BNP Paribas?

Yes, BNP Paribas account holders can invest in Bitcoin and other cryptocurrencies using French digital asset exchanges. The bank facilitates fund transfers to trading platforms regulated by the Autorité des Marchés Financiers (AMF) as Digital Asset Service Providers (DASPs). Clients can deposit EUR through bank transfers and debit cards, simplifying the investment process.

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How to Buy Crypto with BNP Paribas

BNP Paribas customers looking to invest in digital currencies should use eToro, a platform known for its compliance with AMF regulations and user-friendly interface. eToro offers access to more than 4,500 cryptocurrencies, stocks, commodities, and ETFs. The platform supports various EUR deposit methods, including SEPA, bank transfers, credit cards, and debit cards.

Follow this guide to buy crypto with BNP Paribas on eToro:

1. Account Setup: Begin by creating an account on eToro. Complete the necessary verification steps to ensure your account is secure and compliant with regulations.
2. Funding Your Account: Navigate to the 'Deposit' section to add funds to your account using EUR.
3. Selecting Currency: Choose 'EUR' as your preferred transaction currency and select a payment method linked to your BNP Paribas account.‍
4. Crypto Investment: Once your deposit is confirmed, use the search tool to find and invest in your desired digital currency.

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What are the Fees?

There are various costs incurred when using a digital asset exchange. These generally include fees for depositing funds, trading assets, and withdrawing money. Most investment platforms charge between 1% - 2% in trading fees.

eToro is an affordable option, with trading fees starting at 1%, which is more favorable than platforms like Coinbase, which charges around 2%. Additionally, eToro provides free EUR deposit options through SEPA and bank transfers, making it an attractive choice for BNP Paribas customers.

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Is BNP Paribas Crypto-Friendly?

Yes, BNP Paribas is regarded as crypto-friendly and demonstrates a supportive stance towards digital currencies. The bank permits fund transfers to exchanges that hold a Digital Asset Service Provider (DASP) license from the Autorité des Marchés Financiers (AMF).

Since the adoption of the PACTE Act in 2019, France has had a clear regulatory framework in place for DASPs and initial coin offerings (ICOs). This ensures a protected environment for crypto transactions. BNP Paribas enhances this by facilitating safe and regulated interactions with digital asset platforms, which are in line with both French and European Union standards.

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About BNP Paribas

BNP Paribas is a leading international banking group with a strong presence in Europe and around the globe. Known for its comprehensive range of financial services, BNP Paribas offers tailored services through its key products such as Hello bank! for digital banking, BNP Paribas Wealth Management for high-net-worth individuals, and BNP Paribas Asset Management for investment management. 

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Bottom Line

In conclusion, BNP Paribas provides its customers with a secure way to invest in digital assets through regulated exchanges. We recommend eToro, which complies with AMF regulations, offers a wide range of investment options with competitive fees and supports multiple EUR deposit options, making it an excellent choice for BNP Paribas clients looking to enter the crypto market.