Summary: Eurobank customers have the privilege to purchase digital assets through regulated exchanges monitored by the Bank of Greece, using their Eurobank cards or the Single Euro Payments Area (SEPA) scheme. Although Eurobank does not explicitly facilitate cryptocurrency dealings, it ensures the security and legality of such investments in line with guidelines from the Bank of Greece.
For moderate transaction fees and adherence to regulatory standards, we recommend using eToro. This platform allows immediate Euro transfers from Eurobank to trade among a broad portfolio exceeding 3,000 assets at competitive rates.
Can you Buy Crypto with Eurobank?
Yes, your Eurobank account or card can be utilized to put resources into cryptocurrency. To initiate this procedure, set up an account on a Greek crypto exchange that approves deposits from Eurobank. It's crucial to understand that Eurobank does not directly facilitate crypto transactions, therefore it's recommended to choose an exchange that strictly adheres to the regulations set by the Bank of Greece and the Hellenic Capital Market Commission (HCMC).
How to Buy Bitcoin and Crypto with Eurobank
The safest and most accessible path to acquire cryptocurrencies through Eurobank is by utilizing a regulated exchange. These platforms enable investors to effortlessly deposit EUR from their bank account employing various methods, which include bank transfer, SEPA transfer, Eurobank debit card, and credit card.
Follow this comprehensive 4-step guide to begin with our recommended broker, eToro:
- Initiate by registering for a complimentary account on eToro and finish the onboarding process.
- Click the 'Deposit Funds' option located at the bottom left of your interface.
- Select 'EUR' along with your preferred payment method, then transfer the funds from your Eurobank account.
- Complete the deposit and employ the search bar to buy your preferred token.
What are the Fees?
The expenses associated with the acquisition of Bitcoin and diverse cryptocurrencies via a Eurobank account can vary, contingent upon the chosen cryptocurrency exchange. Major costs to consider include deposit fees, withdrawal charges, spread costs, and trading fees.
We advocate for eToro as an economically efficient choice for Eurobank users, presenting low-charge EUR deposits and fair commission trading. The primary expenditure when buying cryptocurrencies on eToro is a spread fee of around 1%, which is considerably less costly than other platforms like Kraken, recognized for imposing fees beyond 2%.
Is Eurobank Crypto-Friendly?
Eurobank fosters customer interaction with cryptocurrencies by permitting transactions with endorsed trading platforms that abide by ESMA and or the Hellenic Capital Market Commission (HCMC) regulations. This empowers Eurobank customers to transfer EUR from their accounts to these regulation-abiding platforms, ensuring conformity with national guidelines combating financial wrongdoing.
As a result, Eurobank customers can confidently invest in cryptocurrencies, comforted by the knowledge that their investments are secure and adhere to all legal mandates.
In conclusion, Eurobank provides a safe and secure avenue for its users to venture into the world of cryptocurrencies. Although the bank does not directly facilitate crypto transactions, it allows interactions with approved and regulated crypto exchanges. Utilizing a regulated exchange, such as eToro, Eurobank users can easily deposit Euros from their accounts and buy their preferred cryptocurrency. The process is straightforward and cost-efficient, especially with eToro's low deposit fees and fair trading commissions.