Summary: CIC Filbanque does not offer direct support for Bitcoin or crypto transactions via its online banking or mobile app. However, customers can participate in the digital asset space by partnering with exchanges licensed by the Autorité des marchés financiers (AMF), using Euros (EUR) from their CIC accounts to invest in cryptocurrencies on their chosen platforms.
After evaluating over 20 approved exchanges, eToro was the top choice for CIC Filbanque customers. This platform follows AMF guidelines and provides low-cost and fast EUR transfers from CIC accounts and CIC credit cards. Moreover, it hosts a vast range of over 3,000 digital currencies, stocks, ETFs, and various other investment opportunities.
Can I Buy Crypto with CIC Filbanque?
Yes, CIC Filbanque enables its customers with the ability to invest in the digital asset sector. To buy Bitcoin, Ethereum, or other cryptocurrencies, customers need to establish an account on a French crypto platform that accepts CIC Filbanque for Euro (EUR) deposits. Selecting an exchange that is regulated by France's Autorité des marchés financiers (AMF) or a comparable European regulatory authority is essential.
How to Buy Bitcoin and Crypto with CIC
The safest route to purchase digital currencies using your CIC Filbanque account is through a regulated exchange like eToro, which is AMF-approved. Founded in 2007, eToro is acclaimed for its reliability and offers speedy EUR deposits from any French bank via several methods, including bank transfers and CIC Filbanque credit or debit cards.
Here's a simple four-step guide:
- Set up an eToro account and complete the verification process.
- Click 'Deposit Funds', situated at the bottom left of your dashboard.
- Select 'EUR' as your currency and designate your payment method, then initiate the transfer from CIC Filbanque.
- Use the search bar to locate and buy your desired cryptocurrency.
What are the Fees?
The expenses involved in investing in digital assets through a CIC Filbanque account can fluctuate greatly based on your chosen cryptocurrency exchange and deposit method. Main costs may include deposit fees, withdrawal fees, spread percentages, and transaction fees.
Our research suggests that eToro is a cost-effective choice for CIC clients, thanks to its affordable EUR deposits and commission-free trading. The principal expense when buying digital assets on this platform is a 1% spread, a competitive rate compared to platforms like Coinbase, which charge over 2% per transaction.
Is CIC Filbanque Crypto-Friendly?
Indeed, CIC Filbanque is crypto-friendly. It supports its clients' transactions with various cryptocurrencies, including Bitcoin, Ethereum, Solana, and different stablecoins. This also includes other activities within the digital asset ecosystem such as crypto staking, enabling customers to earn returns on their digital assets.
The bank makes these transactions possible through exchanges that are accredited by regulatory bodies like the Autorité des marchés financiers (AMF) or the European Securities and Markets Authority (ESMA). This ensures that CIC Filbanque's clients interact only with platforms that fully adhere to strict French and European regulations to prevent financial misconduct, such as money laundering and fraudulent transactions.
In summary, while CIC Filbanque does not directly support cryptocurrency transactions, it offers clients a pathway to enter the digital currency world via AMF-approved exchanges like eToro.
The bank's crypto-friendly stance ensures customer safety by backing exchanges that adhere to French and European regulations. As a result, clients can easily transfer Euros from their CIC Filbanque accounts to acquire a broad range of digital assets, thereby confidently participating in the vibrant world of cryptocurrencies.