Can I Buy Bitcoin with OTP Bank?

Not directly in the OTP Bank app today. In my checks, OTP does not list Bitcoin as an in app investment product, and it treats crypto as outside its core offering, so you should not expect a buy button inside SmartBank or InternetBank.

If I want BTC using OTP, I use it purely as the funding rail. I send EUR to a regulated exchange in Hungary using a SEPA bank transfer, ideally to an exchange account that gives you your own EUR IBAN, then I buy Bitcoin once the deposit lands.

I only use OTP card deposits as a fallback, because cards cost more and get flagged more than bank transfers. If you are funding in HUF from Hungary, I use instant domestic transfers for speed, but I still do the actual Bitcoin buy on the exchange, not inside the bank.

How to Buy Crypto with OTP Bank

With OTP Bank, the cleanest way to buy crypto is to fund Bybit EU and trade on the exchange, not inside the bank. If you hold EUR, use a SEPA bank transfer. If you are starting with HUF in Hungary, send an instant domestic transfer, then convert inside Bybit before buying.

I prefer Bybit EU for two key reasons. It has a MiCAR authorisation granted by the FMA in Austria, which is exactly the kind of regulatory backing I want when moving HUF or euros from a bank. 

The platform is also trusted by over 50 million investors and supports over 2,000 crypto assets, so whether you’re looking for Bitcoin, Ethereum, Solana, Hyperliquid or another coin - they have you covered.

Quick guide from OTP Bank to Bitcoin (SEPA IBAN):

1. Create your account: Sign up on Bybit EU and finish ID checks so EUR deposits and withdrawals clear without avoidable holds.
2. Grab your EUR deposit details in Bybit: Deposit -> EUR -> Bank Transfer (SEPA), then copy the IBAN, beneficiary name, and reference shown.
3. Send a SEPA transfer from OTP Bank: in SmartBank or InternetBank, add the beneficiary, paste the IBAN, and enter the reference exactly as shown so the deposit matches to your account.
4. If sending HUF: Use an instant domestic transfer to fund your exchange balance first, then convert to EUR (or USDT) inside Bybit before you buy.
5. Buy once EUR lands: open Spot and place a Market order for speed, or a Limit order if you want a specific entry price.

Fees and Deposit Limits for OTP Bank Customers

Before I fund Bybit from OTP, I check two things: how fast the bank transfer clears, and whether I am about to pay a card surcharge. OTP says an electronically initiated SEPA EUR transfer credits the full amount the same day, while a paper instruction can take up to 2 business days. Card buys are my last resort, because Bybit charges 1.10% on EU issued Visa and Mastercard payments.

Deposits and limits

• OTP daily limit: OTP sets a default HUF 1,000,000 daily transfer limit for InternetBank and MobileBank, and you can change or temporarily suspend it in MobilBank: Továbbiak > Beállítások > Napi átutalási limit.
• Fast HUF funding: OTP’s Instant Payment service supports transfers up to HUF 10 million, running 24/7, and typically lands in seconds when the transfer qualifies.
• Bybit deposit fees: Bybit says fiat deposit fees depend on currency and payment method, and the exact fee is shown on the Fiat Deposit screen.

Trading and withdrawals

• Trading fees: Bybit’s published fiat to crypto spot fees for VIP 0 start at 0.20% taker / 0.15% maker (and improve with volume or VIP level).
• Withdrawals: Bybit states it charges a fixed fee for crypto withdrawals, shown at the time you withdraw. 

OTP Bank Cryptocurrency Policy

OTP Bank does not sell Bitcoin inside its banking services. When I check OTP Group guidance on virtual currencies, the message is blunt: the bank does not buy, sell, or register crypto for clients, and it treats crypto as a high risk area rather than a product you access in app.

What OTP will do is move money. What it will not do is ignore risk controls. OTP’s own client advisories warn that crypto activity can be risky and that the bank may refuse or suspend transactions it believes are linked to virtual currency trading, especially where the counterparty is unclear.

So when I use OTP for crypto, I keep it simple and compliance friendly. I send funds only to an EU authorised crypto provider, ideally one operating under MiCA (the regulatory authority for crypto in the EEA), start with a small test payment, and copy the beneficiary details and any payment reference exactly to avoid mismatches and manual checks. 

Best Alternative Exchanges for OTP Bank Customers

If you want options beyond Bybit, stick to exchanges that support EUR bank transfers and operate under EU authorisation (MiCA), since OTP Bank does not offer in app crypto trading and can be cautious around higher risk payment flows.

What is OTP Bank?

OTP Bank is Hungary’s biggest retail bank and the core brand of OTP Group across Central and Eastern Europe, serving more than 17 million customers across 11 countries. 

When I look at OTP’s retail line up, it is classic universal banking: current accounts and bank cards, consumer lending and savings, plus digital banking through OTPdirekt (internet and mobile banking) and the newer InternetBank and MobilBank features like built in savings tools.

Final thoughts

OTP Bank is fine as a funding rail, but it is not a place to buy Bitcoin directly, so treat the bank side like plumbing and keep the trade on the exchange. 

I use a simple checklist every time: complete Bybit EU verification first, send a small SEPA test transfer, paste the beneficiary details and reference exactly, then raise your OTP daily transfer limit in MobilBank if you need more size. 

I avoid card deposits unless I am stuck because the fees are higher and the payment gets flagged more often. Once the euros land, buy on Spot with a limit order if you care about entry price, and withdraw to your own wallet if you are holding long term.