Can You Buy Crypto with Intesa Sanpaolo?
Yes, you can buy Bitcoin and crypto assets using Intesa Sanpaolo by transferring funds from your Intesa Sanpaolo account to a regulated cryptocurrency exchange in Italy. Remember that Intesa Sanpaolo does not directly offer digital asset trading services, so it is important to select a licensed exchange that complies with local regulations and accepts Euro (EUR) deposits.
How to Buy Bitcoin and Crypto with Intesa Sanpaolo
The best method to buy and sell cryptocurrencies with Intesa Sanpaolo is through an ESMA-licensed exchange that offers fast & free bank transfers. Based on our analysis, we recommend the eToro platform because it offers instant & zero cost SEPA bank transfers from Intesa Sanpaolo to trade over 3,000 cryptocurrencies, stocks, ETFs & more with industry-leading fees.
You can follow this simple 4 step guide to get started:
- Register for a free account on eToro and complete the onboarding process.
- Click the 'Deposit Funds' button on the bottom left of your screen.
- Choose the currency and your preferred payment method, then transfer funds from your Intesa Sanpaolo account.
- Finalize the deposit and use the search bar to purchase your desired token.
What are the Fees to Invest in Crypto?
The fees for investing in Bitcoin and other crypto assets from your Intesa Sanpaolo account will differ depending on the platform selected. eToro, our suggested option, provides free SEPA transfers & debit card or credit card deposits from Intesa Sanpaolo accounts and no fees for trading over 3,000 assets on their platform.
However, there is a modest 1% spread charged when completing a trade, which is considerably more cost-effective than alternatives like Coinbase, which have spreads exceeding 2%.
Is Intesa Sanpaolo Crypto-Friendly?
Intesa Sanpaolo has a crypto-friendly banking policy because it allows clients to transfer funds to ESMA-regulated cryptocurrency exchanges in Italy. As a result, investors can feel secure knowing that their funds or bank transfers won't be frozen when depositing various currencies, including EUR, from their Intesa Sanpaolo account.
One important aspect to consider regarding Intesa Sanpaolo's crypto asset policy is their position on off-shore and unlicensed exchanges. The bank has been known to freeze deposits when clients transfer funds to unregulated platforms like Bybit or KuCoin, which is why we recommend adhering to ESMA-approved exchanges.
In conclusion, Intesa Sanpaolo does not directly offer cryptocurrency trading but enables customers to invest in digital assets via ESMA-licensed exchanges, with eToro being the top choice. eToro offers a diverse range of assets, competitive fees, and seamless transfers from Intesa Sanpaolo accounts. Adhering to Intesa Sanpaolo's crypto-friendly policy and utilizing regulated exchanges ensures a secure and hassle-free investment experience.