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 doesn't offer the ability to directly trade cryptocurrencies through its web or mobile platforms. However, clients can actively engage in the crypto market by sending Euros to AMF and DASP-approved exchanges. These platforms comply with the guidelines of France's Autorité des Marchés Financiers (AMF), ensuring that transactions are safe and legal.
After our analysis, eToro emerges as a prime option for BNP Paribas account holders. In line with AMF regulations, eToro has built a reputation for facilitating smooth Euro transactions from BNP Paribas and other financial institutions. The platform enables access to an expansive offering of over 3,000 assets, which include cryptocurrencies, stocks, ETFs, and more.
Can I Buy Crypto with BNP Paribas?
Yes, you can invest in Bitcoin, Ethereum, numerous stablecoins, and an array of other cryptocurrencies using your BNP Paribas account or credit card. The first step involves registering with a cryptocurrency exchange in France that accepts transactions in Euros through your preferred payment method. While BNP Paribas doesn't directly facilitate cryptocurrency transactions, the bank offers a solid financial foundation for crypto investments via third-party platforms regulated by the Autorité des Marchés Financiers (AMF).
How to Buy Crypto with BNP Paribas
If you're looking to securely purchase Bitcoin or other digital currencies with your BNP Paribas account, the best practice is to go with an exchange regulated by the Autorité des Marchés Financiers (AMF). Our top pick for this is eToro. Not only is eToro fully regulated, but it also streamlines the process of depositing Euros from your BNP Paribas account. With options like bank transfers, debit cards, and SEPA, the platform offers you a wide array of more than 3,000 cryptocurrencies, stocks, and ETFs.
Here's an easy-to-follow 4-step guide to get you started on your investment journey:
- Register for an account on eToro and complete verification.
- Locate and click the 'Deposit' button, found in the lower left section of your screen.
- Choose 'EUR' as your currency and select your preferred payment option, then initiate the fund transfer from your BNP Paribas account.
- Finalize the deposit transaction and use the search feature to purchase the digital asset of your choice.
By following these steps and using a platform regulated by the Autorité des Marchés Financiers (AMF), you can invest in cryptocurrencies confidently and securely.
What are the Fees?
For investors considering purchasing Bitcoin and other digital currencies through BNP Paribas, it's essential to grasp the various fees you could face. Typically, you'll encounter deposit fees, withdrawal charges, trading commissions, and the spreads between buying and selling prices.
Among the various platforms that work well with BNP Paribas, eToro is a cost-effective choice. Especially for those with a BNP Paribas account, eToro provides affordable Euro deposit options via SEPA transfers and boasts competitive trading fees. The platform uses a variable spread fee structure, often hovering around 1%, which makes it a more budget-friendly option compared to other platforms where spread fees can go beyond 2%.
Is BNP Paribas Crypto-Friendly?
BNP Paribas shows a welcoming stance toward its clients' activities in the cryptocurrency market. The bank collaborates with platforms accredited as digital assets services providers (DASP) and overseen by regulatory authorities like France's Autorité des Marchés Financiers (AMF). Specifically, these platforms are authorized for the custody of digital assets on behalf of clients and for the buying or selling digital assets using legal tender.
As a BNP Paribas customer, you can comfortably transfer Euros to these AMF and DASP-approved platforms, all while adhering to stringent financial regulations aimed at preventing malpractice. This creates a secure environment for investors to grow their digital asset portfolios, backed by the assurance that their investments align with legal standards.
In summary, while BNP Paribas doesn't directly offer cryptocurrency trading, it provides a solid foundation for engaging in crypto investments through AMF and DASP-regulated platforms like eToro. With options for Euro deposits and a broad range of digital assets to choose from, BNP Paribas account holders can securely and cost-effectively enter the cryptocurrency market. Adhering to French and European regulations ensures a trustworthy and compliant investment journey.