Summary: Boursorama Banque does not directly offer cryptocurrency transactions through its online banking services. However, customers of Boursorama Banque can invest in crypto assets through regulated exchanges, using Euros (EUR) transferred from their Boursorama accounts to buy digital assets on their chosen platform.
After evaluating over 20 authorized platforms, eToro came out on top for Boursorama customers. This trustworthy exchange permits fast, low-cost EUR transfers from Boursorama accounts and provides access to a wide range of over 3,000 digital assets, stocks, ETFs, and other investment opportunities.
Can you Buy Crypto with Boursorama Banque?
Yes, it is possible to venture into Bitcoin and cryptocurrency investment via your Boursorama Banque account or card. To buy digital assets, you must register with a French cryptocurrency exchange that approves Boursorama deposits. Remember that Boursorama doesn't deal with cryptocurrency transactions directly, thus it's vital to choose an exchange that follows the rules prescribed by the Autorité des marchés financiers (AMF) and ESMA, ensuring superior safety and customer protection.
How to Buy Bitcoin and Crypto with Boursorama
The safest and most convenient approach to buying digital currencies using your Boursorama Banque account is through an AMF-regulated exchange such as eToro. eToro, a well-established platform, enables investors to swiftly deposit Euros (EUR) from Boursorama using bank transfers, Boursorama Cards, debit cards, credit cards, among other payment methods to trade over 3,000 assets.
Here is an easy-to-follow 4-step guide to get started:
- Register for an eToro account and complete the verification process.
- Click on the 'Deposit Funds' button at the bottom left of your screen.
- Select 'EUR' and your payment method, then transfer funds from Boursorama.
- Finalize the deposit and use the search bar to buy your chosen asset.
What are the Fees?
The expenses associated with investing in Bitcoin and other digital currencies using a Boursorama Banque account depend on the chosen cryptocurrency exchange. Major charges include deposit fees, withdrawal fees, spread percentages, transaction fees and overnight fees if you’re opening leveraged positions.
We recommend eToro as the most cost-effective option for Boursorama customers, as it offers low-fee Euro deposits and trading with minimal commissions. The principal cost when purchasing cryptocurrencies on eToro is a 1% spread, which is more appealing compared to other platforms such as Coinbase, which impose fees surpassing 2% per transaction.
Is Boursorama Crypto-Friendly?
Boursorama allows its customers to invest in Bitcoin, Ethereum, stablecoins, and other digital assets through exchanges approved by the Autorité des marchés financiers (AMF) or the European Securities and Markets Authority (ESMA).
This stance enables clients to use exchanges that comply with both national and European regulations designed to curb financial misdemeanors, such as money laundering and fraud. By choosing a regulated exchange, Boursorama customers can ensure their cryptocurrency investments are secure and in line with legal standards.
In conclusion, Boursorama Banque, being crypto-friendly, allows customers to buy Bitcoin, Ethereum, and other digital currencies through ESMA-regulated exchanges like eToro. The process is straightforward and costs can be minimal, with the major charge being a 1% spread when trading on eToro.
The Bank's stance aligns with the French and European financial regulations, ensuring customer investments in cryptocurrencies are safe and legally compliant. It's crucial for customers to select an exchange that is approved by the relevant financial authorities to ensure superior safety and customer protection. Always remember that crypto investment carries risk, and so it's important to proceed with caution and due diligence.