How to Buy Crypto with CIC Filbanque

Can I Buy Crypto with CIC Filbanque?

Yes, CIC Filbanque enables its customers to invest in cryptocurrencies like Bitcoin and Ethereum. The bank supports transfers to approved cryptocurrency exchanges within France, following the regulations established by the Autorité des Marchés Financiers (AMF). Customers have multiple funding options available, including SEPA transfers, IBAN, direct bank transfers, and debit cards, to securely purchase digital assets.

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How to Buy Crypto with CIC Banque

CIC Filbanque clients can invest in cryptocurrencies through authorized platforms compliant with Autorité des Marchés Financiers (AMF) regulations. Platforms like eToro accept Euro (EUR) deposits from CIC Filbanque accounts via bank transfers, IBAN, SEPA, and card payments. eToro provides access to over 4,500 assets, including cryptocurrencies, stocks, and ETFs.

Here’s a guide for CIC Filbanque customers to start investing in crypto:

1. Create an Account: Register for an eToro account and complete the verification process.
2. Deposit Funds: Go to the 'Deposit' section in eToro.
3. Select Currency and Payment Method: Choose 'EUR' and select a payment method to transfer funds from your CIC Filbanque account.
4. Purchase Cryptocurrency: After the deposit is confirmed, use eToro’s search function to find and invest in your desired cryptocurrency.

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What are the Fees?

The costs associated with investing in digital assets via a CIC Filbanque account can vary based on the chosen cryptocurrency exchange and deposit method. Key expenses typically include fees for deposits, withdrawals, and trades.

Our analysis shows that eToro is a cost-effective choice for CIC Filbanque customers due to its low-cost Euro deposits via SEPA and competitive spreads. The main expense on eToro for buying digital currencies is a 1% spread, which is more favorable compared to platforms like Coinbase, where fees can exceed 2% per trade.

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Is CIC Filbanque Crypto-Friendly?

Yes, CIC Filbanque supports cryptocurrency transactions. It enables customers to use exchanges recognized as Digital Asset Service Providers (DASP) and authorized by regulatory bodies like France's Autorité des Marchés Financiers (AMF) or other European financial authorities.

France's legal framework, strengthened by the PACTE Act of 2019, provides solid regulations for DASPs and initial coin offerings (ICOs). This ensures a secure and compliant environment for crypto dealings. CIC Filbanque allows its clients to confidently use AMF-accredited platforms, ensuring compliance with both national and European standards for digital asset transactions.

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Bottom Line

CIC Filbanque offers robust support for cryptocurrency investments, enabling customers to transfer funds to approved exchanges while adhering to AMF regulations. With multiple funding options and competitive fees, platforms like eToro provide an accessible and cost-effective way for CIC Filbanque clients to buy and trade digital assets securely.