Can I Buy Bitcoin with Nickel?

‍Yes, Compte Nickel allows its users to invest in Bitcoin and other digital currencies. The bank allows transfers to French crypto exchanges that adhere to the Autorité des Marchés Financiers (AMF) regulations. Users can deposit Euros using various methods, including SEPA transfers, IBAN, bank transfers, and debit cards, to fund their accounts and purchase cryptocurrencies.

How to Buy Crypto with Compte Nickel

Compte Nickel users can purchase cryptocurrencies through regulated exchanges like Kraken, which is registered as a Virtual Asset Service Provider (VASP) in France. Kraken accepts EUR deposits through SEPA transfers, bank transfers, Apple Pay, Google Pay, debit cards, and credit cards.

Here’s how you can buy crypto using Compte Nickel on Kraken:

1. Create an Account: Go to Kraken’s website, sign up, and complete the account verification process to meet KYC requirements.
2. Deposit Euros: Head to the 'Funding' section, select SEPA or another deposit option and initiate a transfer from your Compte Nickel account.
3. Choose a Cryptocurrency: Search for the crypto asset you want to buy, ensuring your deposit currency is set to EUR.
4. Complete Your Purchase: Enter the amount you wish to invest, review the details, and execute the trade.

What are the Fees?

For Compte Nickel users, Kraken provides a competitive fee structure. ‍When purchasing crypto through exchanges, there are generally fees for deposits, trading, and withdrawals. 

On Kraken, spot trading fees start at 0.16%, while futures trading fees range from 0.02% for makers to 0.05% for takers. These rates are significantly lower than those on some other platforms, such as Coinbase, where fees can exceed 2%.

Be sure to review withdrawal fees, as they can vary depending on the specific cryptocurrency you wish to transfer.

Compte Nickel Cryptocurrency Policy

Compte Nickel permits users to transfer funds to exchanges registered as Virtual Asset Service Providers (VASP) under the Autorité des Marchés Financiers (AMF) in France. These platforms adhere to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements.

The bank is also preparing for the upcoming EU Markets in Crypto-Assets Regulation (MiCA), which will introduce a regulatory framework across the European Union. The PACTE Act of 2019 also provides a clear legal structure for Digital Asset Service Providers (DASPs) and initial coin offerings (ICOs).

About Compte Nickel

Compte Nickel is a French financial service that provides accessible banking solutions without the need for a traditional bank account. Founded in 2014, the service enables users to open an account online or at partnering tobacconists in minutes, offering a Mastercard and an IBAN for everyday transactions. 

Nickel focuses on simplicity and inclusivity, catering to those who are often excluded from conventional banking.

Bottom Line

Compte Nickel users can buy cryptocurrencies by transferring EUR to regulated exchanges such as Kraken. It provides access to more than 280 digital assets for spot and futures trading and offers French language support.

Before starting, make sure to check the fee structure on your selected exchange to ensure you're getting the most affordable option for your transactions.