Can I Buy Bitcoin with Fineco?

Fineco Bank facilitates crypto exposure solely through ETPs and CFDs. It does not support buying or holding native Bitcoin. To own the underlying asset for self-custody, you must transfer funds to a dedicated third-party exchange.

SEPA Instant (Bonifico Istantaneo) offers the fastest settlement. This method authorizes directly through the Fineco app and avoids the 1.5% to 3% fees common with Visa Debit card deposits. 

To avoid banking restrictions, register on Italian crypto exchanges that comply with EU MiCA standards or hold OAM registration. Once funds clear, you can immediately trade Euros for Bitcoin.

How to Buy Crypto with Fineco Bank

Fineco Bank clients seeking direct asset ownership, rather than the bank's internal CFD products, can securely invest by funding a regulated broker like eToro. 

Registered with the Italian OAM and aligned with EU MiCA standards, eToro serves as a compliant bridge for Fineco users. The platform extends beyond Bitcoin and Ethereum, offering exposure to crypto-equities (e.g. Coinbase), staking rewards, and automated CopyTrader™ strategies.

Step-by-Step Guide to Buying Crypto with Fineco on eToro:

1. Register on eToro: Create an account and complete the identity verification (KYC) required by European regulators.
2. Deposit Euros: Initiate a Bonifico SEPA or Bonifico Istantaneo via the Fineco Bank app. Authenticating transfers with Mobile Code avoids the processing surcharges common with card deposits.
3. Select Asset: Browse the crypto market to locate Bitcoin, Solana, or digital asset ETFs.
4. Execute Trade: Enter your Euro amount, review the spread, and confirm. The asset appears instantly for staking or transfer to the eToro Money wallet.

Fineco Fees and Deposit Limits

Selecting the correct transfer method is essential to preserving capital efficiency and avoiding unnecessary surcharges.

• Deposits: Bonifico Istantaneo (SEPA Instant) is the optimal rail, settling immediately via the Fineco app. Avoid capital-inefficient Visa Debit cards. Instead, utilize eToro Money for a dedicated EUR IBAN that bypasses standard FX conversion charges.
• Withdrawals: A flat $5 USD fee applies when repatriating funds to your Fineco current account.
• Limits: Fineco applies default caps on instant transfers. To fund larger positions, instantly adjust your "Massimali" (transaction limits) within the "Gestione Conto" area to align with eToro’s high-volume allowances.
• Trading: Execution incurs a straightforward 1% spread, eliminating complex maker/taker fee structures.

Routing capital through eToro Money offers superior net cost efficiency compared to platforms like Coinbase, where combined card and spread fees frequently exceed 2%.

Fineco Cryptocurrency Policy

Fineco distinguishes between speculative instruments and asset ownership. Its platform offers crypto exposure strictly via CFDs and Knock-Out Options. These cash-settled derivatives allow price speculation without real ownership, meaning you cannot withdraw assets to a private wallet.

For genuine custody, Fineco serves solely as a fiat gateway. It authorizes Bonifico SEPA transfers to external exchanges aligning with Italian AML protocols. The bank reliably clears payments to entities holding OAM (Organismo Agenti e Mediatori) registration, positioning regulated platforms as the most effective funding options.

Security Warning: Fineco utilizes fraud detection to curb capital flight. Transfers to non-compliant offshore venues are routinely blocked. To ensure immediate Mobile Code validation, restrict transactions to platforms operating under EU MiCA standards or local registration.

Best Alternative Exchanges for Fineco Customers

Fineco clients who need advanced execution tools or automated tax reporting can use these OAM-registered platforms. Each supports Bonifico Istantaneo, enabling near-real-time settlement from your Fineco account.

• Kraken: A strong pick for active traders. Kraken combines institutional-grade security with competitive pricing (0.16% maker and 0.26% taker on Kraken Pro) plus on-chain staking. It supports SEPA Instant deposits from Fineco, so funds can move from bank to order book within minutes.
• Bitpanda: Built for automated investing. This Vienna-based fintech matches the PAC (Piano di Accumulo) style many Fineco clients already use, with recurring buy orders and staking across 3,000+ assets. Its OAM registration also helps deposits clear without avoidable compliance friction.
• Young Platform: An Italy-first exchange tailored to local tax needs. It lists 80+ digital assets and generates compliant tax reports for Modello Redditi, simplifying declarations for Fineco users dealing with Italy’s strict crypto tax rules.

What is Fineco Bank?

Fineco Bank is an independent multi-channel bank and FTSE MIB constituent, making it one of Europe’s leading brokerage-focused financial institutions. Unlike standard retail lenders, it combines full-service banking with professional trading infrastructure.

Its ecosystem is built around the proprietary PowerDesk platform and a tightly integrated mobile app. For crypto investors, Fineco’s trading-first setup makes it a strong fiat gateway. 

As an ECB-supervised Significant Institution, it offers robust capital safeguards, while configurable wire limits (Massimali) support fast deployment of larger sums to external exchanges through SEPA Instant.

Final Thoughts

Fineco is useful for crypto price exposure through ETPs and CFDs, but it is not the place to buy and custody real Bitcoin. 

If you want true ownership, treat Fineco as your euro on ramp, then fund a MiCA compliant or OAM registered platform using Bonifico Istantaneo to keep settlement fast and costs low. 

Before sending larger amounts, raise your Massimali in the app, avoid card deposits, and stick to regulated venues to reduce the risk of blocked transfers and slow compliance checks.