How to Buy Bitcoin with Eurobank

Eurobank clients can easily trade Bitcoin and other assets through regulated cryptocurrency exchanges in Europe that adhere to MiCA guidelines. This allows Eurobank users to fund their trading accounts with EUR deposits.

Binance is the world’s largest crypto exchange, serving over 250 million customers. It supports over 350 digital assets for spot and futures trading. It accepts EUR deposits through SEPA bank transfers and card payments.

Start trading crypto by following these steps:

1. Create Account: Visit Binance’s website and sign up for an account. Complete the KYC process by submitting a valid government-issued ID and proof of address.
2. Deposit EUR: After verifying your account, go to the “Buy Crypto” section. Deposit EUR using a SEPA transfer or a credit/debit card linked to your Eurobank account.
3. Select Cryptocurrency: Browse the cryptocurrency offerings and choose an asset like Bitcoin or Ethereum to start your investment.
4. Complete Trade: Enter the amount of EUR you wish to invest, review the transaction details carefully, and execute your trade.

Eurobank Cryptocurrency Policy

Eurobank does not directly provide cryptocurrency services but allows clients to transfer funds to exchanges operating under European regulatory frameworks, such as those compliant with the Cyprus Securities and Exchange Commission (CySEC) guidelines.

While the bank facilitates crypto-related transactions, customers are encouraged to review Eurobank’s terms and security guidelines to ensure compliance and avoid potential restrictions on fund transfers to specific platforms.

For more information, clients can refer to Eurobank’s consumer risk advisory on crypto-assets.

Alternative Crypto Exchanges for Eurobank

Several cryptocurrency exchanges in Europe are compatible with Eurobank accounts, offering secure and reliable services for trading digital assets. Here are some trusted options to consider:

• Kraken: A highly regulated American exchange that supports 320 cryptocurrencies for trading. It focuses on institutional clients with dedicated OTC services.
• eToro: eToro is a social trading platform that allows users to trade various assets, including cryptocurrencies, ETFs and commodities.
• Uphold: Offering over 300 digital assets, low fees and transparent proof-of-reserves, Uphold is a great alternative exchange for beginners.

What are the Fees?

If you’re planning to purchase cryptocurrency using your Eurobank account through Binance, here’s a detailed breakdown of the platform’s fees:

• Deposits: SEPA bank transfers in EUR are free. Card deposits may incur a fee of up to 1.5%, depending on your currency and card type.
• Withdrawals: Withdrawal fees for cryptocurrency vary by asset and are influenced by current blockchain network conditions.
• Trading Fees: Binance offers competitive trading fees. Spot trading fees start at 0.1%, while futures trading fees range between 0.02% and 0.05%.

Always review the latest fee schedules on the official website and consult with Eurobank regarding any potential bank fees.

About Eurobank

Eurobank is a financial institution headquartered in Athens, Greece, with operations extending to Cyprus, Luxembourg, Bulgaria, and the United Kingdom. The Eurobank Group reported total assets of €99.6 billion, managed through a network of 604 branches, and employed 12,880 individuals.

The bank offers a comprehensive suite of financial products and services, including retail and business banking, investment banking, wealth and capital management, and more.

Bottom Line

Eurobank enables customers to fund cryptocurrency investments by supporting secure EUR transfers to regulated exchanges like Binance, Kraken, eToro, and Uphold.

While Eurobank does not directly offer cryptocurrency services, its integration with platforms that comply with European regulations provides a compliant way to access digital assets.