Can I Buy Crypto with CaixaBank?

Yes, CaixaBank makes it possible to buy Bitcoin and other cryptocurrencies. The bank supports secure transfers to Spanish crypto exchanges with a Virtual Asset Services Provider (VASP) license from the Bank of Spain. Users can deposit Euros through SEPA transfers, IBAN payments, and card deposits to these trading platforms, simplifying the investment process.

How to Buy Crypto with CaixaBank

CaixaBank account holders can buy crypto through regulated exchanges like Uphold. The platform adheres to Spanish regulations and offers access to over 250 digital currencies, plus 4 precious metals and 27 fiat currencies. You can fund your account using EUR through bank transfers, IBAN, Google Pay, debit or credit cards.

Follow this guide to getting started with crypto using Caixabank and Uphold:

1. Create an Account: Head to Uphold’s website, sign up, and complete their quick verification process.
2. Deposit Funds: Choose how you'd like to fund your account and transfer money from your CaixaBank account.
3. Choose Your Crypto: Look through the available assets, and select the one you're interested in.‍
4. Complete Purchase: Enter the amount you wish to buy, review the details, and confirm your purchase.

What are the Fees?

When buying cryptocurrency through an exchange, you'll encounter various fees such as deposit, trading, and withdrawal costs, which can differ depending on your chosen platform.

For CaixaBank users, Uphold is worth considering since it doesn’t charge commissions, though it applies an average spread of around 1% when converting euros (EUR) to Bitcoin. In comparison, other exchanges like Coinbase can impose fees upwards of 2% per trade.

Be sure to carefully check the fee structure of any exchange before making your purchase to ensure you're getting a competitive rate.

CaixaBank Cryptocurrency Policy

CaixaBank supports crypto transactions, allowing customers to transfer funds to licensed exchanges approved by the Bank of Spain and registered as Virtual Asset Service Providers (VASP). These platforms adhere to strict KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations.

The bank is also preparing for the EU's upcoming Markets in Crypto-Assets Regulation (MiCA), which will bring a unified framework for crypto regulations across Europe by 2024. This new regulation will provide clear guidelines for managing crypto assets, improving exchange security, and offering transparency to investors.

About CaixaBank

CaixaBank is one of Spain's top banks, offering a wide range of services for both local and international customers. Its HolaBank program is designed for international clients living in Spain, providing tailored financial support, from accounts to mortgages and insurance. 

The bank is also a member of the Deposit Guarantee Fund, ensuring up to €100,000 of customer deposits. Its products and services are designed to be accessible through its user-friendly app and web platforms.

Bottom Line

CaixaBank allows clients to invest in crypto by transferring Euros to licensed exchanges like Uphold. Offering access to 250+ assets, instant deposits and no transfer fees, Uphold is a recommended choice for CaixaBank users.

Always check exchange fees to ensure competitive rates, and stay updated on new regulations like MiCA that may effect your investments.