Can I Buy Bitcoin with Fineco?
Yes, in two very different ways, and the distinction matters. Inside Fineco you can take a position on Bitcoin and Ether through the trading platform, but only as a derivative or a listed note. There is no spot desk, no in-app coin custody, and no wallet to withdraw to.
For coins you actually own and control, you send euros from your Fineco account to a regulated exchange in Italy and buy there. Fineco does not block bonifici to MiCA-licensed providers. I have funded an exchange from a Fineco conto more than once with no issue, though my first payment to a new beneficiary above 10,000 € triggered an extra confirmation step.
The bank's own products, the crypto CFDs, Knock Out Options and ETPs, sit in a separate bucket with their own tax treatment and limits. I cover that path in its own section below, because it answers a different question from owning Bitcoin.
How to Buy Crypto with Fineco
A SEPA transfer from Fineco to Bybit is the cheapest way to end up holding real Bitcoin. Bybit EU is MiCA-authorised out of Vienna, the bonifico istantaneo lands in seconds, and spot trading is 0.10%.
Steps to buy crypto with Fineco:
- Create an account: Sign up on Bybit and complete KYC with your carta d'identità or passport and codice fiscale. Italian residents are served by Bybit EU GmbH under the Austrian licence.
- Get the SEPA details: In Bybit, open Buy Crypto > Deposit > EUR and select SEPA. Copy the IBAN, beneficiary name and reference exactly. A mistyped reference is the top reason a deposit lands in manual review.
- Check your Fineco limit: In the app, go to Conto e Carte > Bonifici and review your daily ceiling. You can set it yourself up to a 50,000 € per-day maximum, per the bank's own banking FAQ. Raise it before a large transfer, not after a rejection.
- Send the transfer: Add Bybit's IBAN as a new beneficiary, create the bonifico and tick the istantaneo option. Since 9 October 2025, Verification of Payee checks the IBAN against the beneficiary name before you confirm, so match Bybit EU GmbH exactly. Authorise with your Mobile Code and SMS code.
- Buy crypto: Once the EUR arrives, open BTC/EUR or your chosen pair and place the order. Above a few hundred euros I use a limit order, since Instant Buy carries a wider spread than the 0.10% spot fee.
Fineco Crypto ETPs, CFDs and Knock Out Options
Most guides get this part wrong. Fineco offers three native ways to track crypto prices, and none hand you coins. CFDs and Knock Out Options on Bitcoin and Ether trade with leverage at zero commission, spread only, while crypto ETPs trade on regulated markets from 2.95 € per order. Physically backed Bitcoin and Ether notes from issuers like 21Shares and CoinShares trade across European venues, and Borsa Italiana opened its ETFplus professional segment to crypto ETPs in February 2026.
The reason to choose this path is tax, not ownership. A crypto ETN bought through Fineco is a financial security, so its gains fall under redditi diversi di natura finanziaria and are taxed at 26%, below the 33% that hits directly held crypto-attività from 1 January 2026. Italian commercialisti treat this gap as the main draw of the ETN structure. Because Fineco works in regime amministrato, it acts as your sostituto d'imposta, calculating and paying the tax with no Quadro RW to file.
The trade-offs are real. CFDs and Knock Out Options carry leverage and suit short holding periods, not long-term accumulation. ETN losses sit in a separate basket from spot-coin losses, so the two cannot offset each other. And none of these products let you withdraw Bitcoin to a wallet, stake it, or spend it. For exposure with no wallet to manage, the ETP earns its place; for the asset itself it is no substitute, and since this is not tax advice, confirm your position with a commercialista.
Fees and Transfer Limits for Fineco Customers
Total cost on the ownership path splits into the Fineco transfer leg and the exchange leg. The transfer leg is where first-timers get stuck.
Fineco costs and limits
- Standard SEPA (bonifico ordinario): Free, settles in 1 to 2 business days.
- SEPA Instant (bonifico istantaneo): Free and on by default for every customer since 9 October 2025, when EU Regulation 2024/886 equalised instant and standard transfer pricing. Fineco previously charged 0.20%, capped at 2.95 €.
- Daily transfer ceiling: Set in-app, up to a 50,000 € per-day maximum. The old separate cap on payments to new beneficiaries was removed under the same October 2025 rules.
- Verification of Payee: Mandatory on all SEPA payments since 9 October 2025. Bybit's beneficiary name is Bybit EU GmbH; an abbreviation like "Bybit EU" alone can throw a name-mismatch warning.
- Card deposits: Fineco Visa and Mastercard work on most exchanges, but gateway surcharges of 1.5% to 3.5% make them worth using only for a small first test.
- AML thresholds: Fineco is supervised by the Banca d'Italia and the ECB. Inbound transfers from an exchange around 10,000 € and above can trigger a source-of-funds request; exchange statements and prior tax filings clear these quickly.
Bybit fees
- SEPA deposit: Free.
- Spot trading: 0.10% maker / 0.10% taker at the standard tier.
- Instant Buy: Wider spread inside the quoted price. Fine for a first test, uncompetitive above a few hundred euros.
- Crypto withdrawal: Network fee only. USDT on Tron (TRC-20) is usually under a dollar.
- EUR withdrawal via SEPA back to Fineco: Free or a small flat fee depending on size.
Free SEPA plus 0.10% spot is the cheapest way to buy and hold Bitcoin from a Fineco account. The ETP path costs more per trade and skips ownership, but buys you the 26% administered-regime treatment above, so the cheaper option depends on what you are optimising for.
Best Exchanges for Fineco Customers
Italian residents have several MiCA-aligned options, including Young Platform, the Turin-based exchange built around Italian-language support and local tax reporting.
Fineco Cryptocurrency Policy
Fineco does not custody crypto or run a spot desk for retail clients. Its exposure is entirely through the brokerage instruments covered above, and it does not obstruct SEPA payments to MiCA-licensed exchanges, which is the practical route to ownership.
MiCA took effect in Italy on 30 December 2024 through Legislative Decree 129/2024, with CONSOB the lead authority for crypto-asset services and the Banca d'Italia handling AML and stablecoin oversight. Providers on the old OAM register must now hold a CASP licence, with the transition running to 1 July 2026, so check that your platform sits on the OAM list or the MiCA CASP register.
Tax is heavy. Directly held crypto is taxed at a flat 33% from 1 January 2026, the 2,000 € exemption is gone, and only MiCA-compliant euro stablecoins keep a 26% rate. Foreign-held crypto also carries a 0.2% wealth charge and Quadro RW reporting, and DAC8, in force since December 2025, reports your exchange balances straight to the Agenzia delle Entrate.
About Fineco
FinecoBank S.p.A. is one of Europe's largest direct banks and brokers, headquartered in Milan, listed on Borsa Italiana since 2014, and a FTSE MIB constituent. It has run independently of UniCredit since the 2019 spin-off and serves roughly 1.76 million clients with around 154.6 billion € in total financial assets as of September 2025.
The model is a single multicurrency account spanning banking, credit, brokerage and managed investments, with one of the deepest trading platforms available to Italian retail customers. That brokerage focus is exactly why the crypto question splits in two for Fineco: rich derivative and ETP access on one side, no native coin ownership on the other.
Designated a Significant Institution in 2021, Fineco is directly supervised by the European Central Bank under the SSM, alongside the Banca d'Italia and CONSOB for its banking and investment activities.
Final Thoughts
Buying Bitcoin with Fineco splits into two clear choices. Inside the bank you trade crypto CFDs, Knock Out Options and ETPs, with the listed notes taxed at 26% in the administered regime, no wallet to manage, and no coins to hold. To own the asset, you send a free SEPA transfer to a MiCA-licensed exchange and buy there.
For real ownership, asset range and cost, Bybit is the stronger fit for most Fineco customers: MiCA-licensed through Austria's FMA, free EUR SEPA, 0.10% spot, and 2,000+ assets with self-custody withdrawals. Young Platform is the Italian-domiciled alternative if you want a fully Italian interface and local tax exports. Set your bonifico ceiling first, match the Bybit EU GmbH beneficiary name to clear Verification of Payee, and your first transfer should land in seconds.
