Summary: LCL does not directly enable cryptocurrency transactions through its digital banking interface. However, LCL clients can partake in cryptocurrency investments via authorized French exchanges, using Euros (EUR) transferred from their LCL accounts to acquire digital assets on their chosen platform.
After a comparison of over 20 exchanges, eToro emerged as the premier choice for LCL clients. This trustworthy, regulated exchange offers fast, low-fee EUR transfers from LCL accounts and provides access to a wide array of over 3,000 digital assets, stocks, ETFs, and other investment prospects.
Can I Buy Crypto with LCL?
LCL enables customers to acquire cryptocurrencies like Bitcoin, Ethereum, and USDT. They can deposit Euros from their LCL accounts to approved cryptocurrency platforms in France. Transactions are possible through bank transfers, debit or credit cards, Carte Bleue, or SEPA transfers. It's essential to select a platform that adheres to EU's stringent security measures for secure custody.
How to Buy Bitcoin and Crypto with LCL
You can confidently step into the digital asset space using your LCL account through a regulated platform such as eToro. As a compliant exchange, eToro facilitates LCL clients with a straightforward process to deposit Euros (EUR) from their accounts, and provides a variety of payment options, including SEPA bank transfers, LCL Cards, among others. With eToro, you can access a diverse range of over 3,000 assets, including crypto, stocks, ETFs and more.
Here's a simple four-step guide to start your investment journey:
- Create an account on eToro and finish your registration.
- Click on the 'Deposit Funds' button, usually found at the bottom left of your screen.
- Choose 'EUR' as your currency and select your preferred payment method, then initiate the fund transfer from your LCL account.
- Once your deposit is confirmed, use the search bar to locate and acquire your chosen cryptocurrency.
What are the Fees?
The fees associated with purchasing Bitcoin and other digital assets via an LCL account depend on the chosen trading platform. Crucial fees to keep in mind include deposit fees, withdrawal fees, spread percentages, and transaction charges.
We recommend eToro as a cost-effective choice for LCL customers, given its affordable EUR deposits and commission-free trading. The main expense when buying cryptocurrencies on this platform is a 1% spread, a more beneficial proposal than other platforms like Coinbase or Nordnet, which levy fees exceeding 2%.
Is LCL Crypto-Friendly?
LCL Banque enables client engagement in cryptocurrencies by facilitating transactions with licensed trading platforms adhering to the Autorité de contrôle prudentiel et de résolution (ACPR) standards in France. This set-up allows LCL customers to securely transfer Euros from their accounts to these regulated platforms, ensuring compliance with laws aimed to curb financial misconduct.
As a result, LCL customers can venture into the cryptocurrency arena confidently, assured that their investments are safeguarded and in complete conformity with all legal stipulations.
In conclusion, LCL Banque provides a secure and user-friendly avenue for its customers to invest in cryptocurrencies such as Bitcoin, Ethereum, and USDT. It collaborates with regulated platforms like eToro to ensure a straightforward and legally compliant purchase process.
The platform's low fees and wide variety of payment methods make it an excellent choice for crypto investment. As LCL maintains strict adherence to ACPR standards, customers can confidently step into the digital asset space, knowing their investments are secure and legally compliant.