How to Buy Crypto with Caisse d’Epargne

Can I Buy Crypto with Caisse d'ePargne?

Yes, you can buy cryptocurrencies, including Bitcoin, through Caisse d'Epargne. The bank partners with approved cryptocurrency platforms in France, recognized as Digital Asset Service Providers (DASPs) and regulated by the Autorité des Marchés Financiers (AMF). This collaboration ensures adherence to financial regulations, providing a secure and efficient process. Customers can make transactions in Euros using bank transfers, SEPA or debit cards.

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How to Buy Crypto with Caisse d’ePargne

Customers of Caisse d'Epargne can invest in cryptocurrencies through platforms authorized by the Autorité des Marchés Financiers (AMF), like eToro. As a certified Digital Asset Service Provider (DASP), eToro accepts Euro deposits from Caisse d'Epargne via bank transfers, IBAN, SEPA, and card payments. eToro offers a wide range of assets, including cryptocurrencies, stocks, and ETFs.

Here's a concise guide to investing in cryptocurrencies with Caisse d'Epargne:

1. Create an Account: Register on eToro and complete the necessary verification steps.
2. Deposit Funds: Access the 'Deposit' section in your eToro dashboard.
3. Choose Currency and Payment Method: Select 'EUR' and your preferred payment method to transfer funds from your Caisse d'Epargne account.
4. Buy Cryptocurrency: After your deposit is confirmed, use eToro's search feature to locate and purchase Bitcoin or other digital assets.

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What are the Fees?

When investing in cryptocurrencies through Caisse d'Epargne, it is important to consider fees related to deposits, withdrawals, transactions, and the spread (the difference between buying and selling prices).

A recommended platform for Caisse d'Epargne customers is eToro, known for its cost-effective Euro deposit options like SEPA transfers and competitive transaction fees. eToro's spread fee averages around 1%, which is notably lower compared to platforms like Bitpanda, where fees can exceed 2%.

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Is Caisse d’Epargne Crypto-Friendly?

Yes, Caisse d'Epargne is supportive of cryptocurrency investments. Customers can invest in digital currencies like Bitcoin, Ethereum and Solana through exchanges that are recognized as Digital Asset Service Providers (DASPs) by the Autorité des Marchés Financiers (AMF) or other European regulators.

The PACTE Act of 2019 provides a robust regulatory framework for DASPs and initial coin offerings (ICOs) in France, ensuring transaction security. Caisse d'Epargne complies with these regulations, enabling secure and regulated transactions with AMF-approved platforms. This adherence ensures alignment with both French and EU standards for digital asset trading.

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About Caisse d’Epargne

Caisse d'Epargne is a trusted French retail bank offering a wide range of financial services, including Livret A savings accounts, PEL home savings plans, and Prêt Épargne Logement mortgages. Known for its customer-friendly approach, it supports cryptocurrency investments and does not ban customers for engaging in this asset class. With advanced digital banking through the Ma Banque app, it ensures secure and convenient financial management for all its clients.

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Bottom Line

In conclusion, Caisse d'Epargne supports cryptocurrency investments through regulated Digital Asset Service Providers (DASPs) like eToro. This ensures a secure and compliant process for buying assets like Bitcoin and Ethereum. Customers can use SEPA transfers, IBAN, or debit cards for easy transactions in Euros, benefiting from competitive fees.