Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Summary: Fineco Bank does not directly offer cryptocurrency transactions via its online banking platform. However, clients can engage with the crypto market by transferring funds to compliant exchanges under the oversight of the Organismo Agenti e Mediatori (OAM) in Italy.
For Fineco customers interested in crypto assets, eToro is the top choice. As an OAM-regulated platform, eToro facilitates quick deposits and offers an extensive selection of over 3,000 assets, including cryptocurrencies, stocks, and ETFs. Its user-friendly interface and robust regulatory adherence make it a recommended choice for those seeking diversified investment opportunities.
Get the daily newsletter keeping 200,000 investors ahead of the market.
Can I Buy Crypto with Fineco?
Yes, Fineco Bank allows its customers to engage in cryptocurrency investments, including popular options like Bitcoin and Ethereum. Fineco facilitates transactions to credible and regulated cryptocurrency exchanges in Italy, ensuring compliance with the regulations set by the Organismo Agenti e Mediatori (OAM). Fineco streamlines the process of acquiring crypto assets by offering efficient Euro (EUR) deposit methods tailored for these purchases, such as SEPA transfers and debit cards.
How to Buy Crypto with Fineco
For clients of Fineco Bank seeking to delve into cryptocurrency investments, various regulated platforms offer a secure and efficient trading experience. Among these, eToro emerges as a commendable option, known for its adherence to regulations by the OAM in Italy. It supports swift Euro (EUR) deposits from Fineco through bank transfers and card payments. eToro also presents an extensive selection of over 3,000 assets, including crypto, stocks, and ETFs.
Here's your guide to begin investing in crypto with eToro:
- Account Registration: Sign up on eToro and complete the verification for a secure account.
- Account Funding: Go to eToro's 'Deposit' section on their dashboard, which is found on the lower left of the screen.
- Currency and Payment: Choose 'EUR' and a payment method for transferring funds from Fineco.
- Purchasing Crypto: After depositing, use eToro’s search to select and buy your chosen cryptocurrency.
What are the Fees?
Fineco Bank customers venturing into Bitcoin and cryptocurrency investments should be mindful of associated fees, including charges for deposits, withdrawals, transaction fees, and the spread - the price difference between buying and selling.
For Fineco users, eToro is a notable option, compatible with Euro (EUR) deposits and known for low-fee deposits. Its variable spread on cryptocurrency trades is around 1%, offering an edge over platforms like Coinbase, which typically has fees and spreads over 2%. This highlights the need for careful comparison of fee structures in choosing a trading platform.
Is Fineco Bank Crypto-Friendly?
Fineco Bank exhibits a cautiously positive approach to cryptocurrencies, adhering to Italy's regulatory standards, particularly those enforced by the Organismo Agenti e Mediatori (OAM). This compliance ensures that clients can engage with digital currencies in a secure and regulated manner, reflecting a crypto-friendly posture within the confines of financial safety and legality.
The bank's method is consistent with Italy's prudent yet forward-looking financial landscape, emphasizing compliance and customer protection. Fineco's stance, therefore, is of a bank that accommodates crypto interests while rigorously upholding regulatory and risk management protocols, aligning with high standards of quality and trustworthiness.
In conclusion, Fineco Bank provides a secure, regulated avenue for clients to enter the cryptocurrency market via trusted exchanges and straightforward Euro transactions. While it doesn't offer direct crypto services, partnerships with platforms like eToro extend a wide range of investment opportunities to its customers. Adhering to Italy's regulatory requirements, Fineco's methodical approach prioritizes compliance and customer security, ensuring a reliable entry into the expansive world of digital assets.