How to Buy Crypto with Fortuneo Banque

Can I Buy Bitcoin with Fortuneo Banque?

Yes, Fortuneo Banque facilitates its customers' interest in crypto, including Bitcoin. The bank approves Euro transfers to authorized cryptocurrency platforms in France regulated by the Autorité des Marchés Financiers (AMF) as Digital Asset Service Providers (DASPs). This allows efficient crypto transactions through payment options, such as SEPA transfers, along with debit and credit cards.

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How to Buy Crypto with Fortuneo Banque

Fortuneo Banque clients interested in crypto investments can use secure, regulated platforms for their transactions. We recommend eToro, which complies with AMF standards. eToro makes it easy to deposit Euros through bank transfers, SEPA, IBAN and card payments. It offers a variety of over 4,500 cryptocurrencies, commodities, stocks, and ETFs to buy and trade.

Get started with this guide to buy cryptocurrencies with a Fortuneo Banque account:

1. Account Creation: Register on eToro, completing the identity verification process.
2. Fund Transfer: Go to the 'Deposit' section, typically found in the interface's lower left corner.
3. Choosing Deposit Details: Choose 'EUR' as the currency and select a suitable method for transferring funds from your Fortuneo Banque account.
4. Crypto Investment: After depositing funds, use the search feature to find and invest in your preferred asset.

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What are the Fees?

Fortuneo Banque customers exploring Bitcoin and other cryptocurrency investments should consider the various fees involved. These include deposits and withdrawals, transaction commissions, and the spread—the difference between the buying and selling prices.

eToro accommodates low cost Euro deposit options like SEPA transfers, compatible with Fortuneo Banque accounts. Moreover, it is known for its competitive trading fees with a spread of around 1%. This is significantly lower than several competitors like Coinbase, where spreads can exceed 2%. 

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Is Fortuneo Banque Crypto-Friendly?

Fortuneo Banque exhibits a progressive stance towards cryptocurrencies. The bank supports the transfer of funds to digital asset platforms recognized as Digital Asset Service Providers (DASP) by the Autorité des Marchés Financiers (AMF). This approach reflects France's dynamic participation in the cryptocurrency and blockchain sector within Europe.

Since the PACTE Act of 2019, the French legal system has established clear regulations for DASPs and initial coin offerings (ICOs), promoting a safe and compliant environment for crypto activities. The bank empowers its customers to securely engage with AMF-regulated platforms, adhering to both French and European Union guidelines for managing digital assets.

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About Fortuneo Banque

Fortuneo Banque, a French online bank founded in 2000, operates as a commercial brand under Arkéa Direct Bank, a subsidiary of the Arkéa group. Originally launched to provide online stock market services, Fortuneo expanded through a series of acquisitions, including Comdirect France and i-Bourse. Transitioning to an online bank in 2009, the bank now offers diverse financial products such as current accounts, real estate loans, life insurance, and investment services. 

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Bottom Line

In conclusion, Fortuneo Banque doesn't facilitate direct crypto transactions, it allows transfers to platforms registered with the Autorité des Marchés Financiers (AMF). Our recommended platform is eToro, providing easy Euro deposit methods, a wide range of digital assets, unique features, multiple asset classes and competitive fees, making it an attractive option for French investors.