Can you Buy Crypto with Santander Bank?
Yes, customers of Santander Bank can invest in digital currencies by utilizing a safe and compliant crypto platform. To ensure a secure investment experience, Santander Bank account holders should opt for a reputable, regulated crypto exchange that complies with financial regulations in their region.
How to Buy Crypto with Santander Bank
A secure method for Santander Bank customers to invest in cryptocurrencies such as Bitcoin and Ethereum is through the eToro exchange. This platform allows investors from over 120 countries to deposit funds from their Santander account using various methods, including Bank Transfer, SEPA Transfer, Faster Payments, and Santander debit card or credit card.
You can follow these four straightforward steps to get started:
- Register and verify your identity on eToro.
- Click on the 'Deposit Funds' button located at the bottom left of the screen.
- Choose your preferred fiat currency and payment method (e.g. Bank Transfer), then initiate the transfer from your Santander Bank account.
- After the deposit is completed, use the credited funds to invest in crypto.

What are the Fees?
The fees for purchasing cryptocurrencies with Santander Bank transfers vary depending on the chosen exchange platform. Common fees include transaction, deposit, and withdrawal fees, which may differ based on the platform and the specific cryptocurrency.
We recommend eToro for its cost-effective fee structure, which includes free deposits via Santander Bank transfers, zero-commission trading, and competitive spreads (1%) when trading digital assets. This is a more affordable option compared to platforms like Coinbase, which typically charge fees between 1.5% and 2% per transaction.
Is Santander Bank Crypto-Friendly?
Santander Bank demonstrates a level of crypto-friendliness, despite not offering direct cryptocurrency trading or purchasing services. The bank allows customers to transfer funds to and from various cryptocurrency exchanges, provided they are licensed and regulated platforms.
To avoid having issues with Santander when investing in crypto assets, we recommend users stay clear from off-shore and unregulated platforms like Bybit or Binance.
Bottom Line
While Santander Bank does not facilitate direct cryptocurrency purchases, it supports customers in transferring funds to and from regulated, trustworthy cryptocurrency exchanges. We recommend eToro due to its regulatory compliance and competitive fee structure, which includes free Santander Bank transfer deposits, commission-free trading, and competitive spreads on digital asset trades.