Can I Buy Crypto with Satispay?

You can buy crypto using Satispay, but indirectly. Satispay doesn’t offer direct crypto purchases, but you can move funds from your Satispay account to your bank via IBAN transfer.

Once the money hits your bank account, deposit it into an OAM-approved crypto exchange in Italy, like Binance, Coinbase, or Kraken. After that, you can easily swap euros for cryptocurrency.

How to Buy Bitcoin with Satispay

Satispay customers can buy Bitcoin by transferring funds from their Satispay balance to their bank via IBAN, then depositing euros into Kraken, an OAM-registered Virtual Asset Service Provider (VASP) in Italy (No. PSV35).

Kraken offers over 350 cryptocurrencies, supports staking for passive earnings, provides advanced trading tools, and maintains strong security measures.

Here’s a clear breakdown of buying Bitcoin on Kraken using Satispay:

1. Open a Kraken Account: Sign up for an account on Kraken and complete the required identity verification (KYC) process.
2. Deposit Euros: Log in to Kraken, select the "Funding" tab, and choose the bank transfer option to deposit euros from your IBAN-linked Satispay account.
3. Select Your Crypto: After your deposit clears, choose Bitcoin (BTC/EUR) from Kraken’s extensive selection of cryptocurrencies.
4. Make Your Purchase: Input how much Bitcoin you wish to buy, carefully review your order details, and confirm the transaction.

Satispay Cryptocurrency Policy

Satispay does not explicitly outline any cryptocurrency-related policies or restrictions in its official terms, conditions, or documentation. 

However, based on Italy’s adoption of the EU's MiCA regulatory framework, Italian users who wish to invest in cryptocurrencies must utilize exchanges officially registered as Crypto-Asset Service Providers (CASPs) under OAM oversight.

Exchanges operating under MiCA offer users clear regulatory protection, transparency, and accountability in Italy’s digital asset sector.

Alternative Crypto Exchanges for Satispay

Satispay users exploring crypto exchanges beyond Kraken have several OAM-approved alternatives in Italy. After transferring funds from Satispay to their bank via IBAN, customers can deposit euros onto these platforms:

• Bitstamp: An established EU-based exchange supporting deposits via bank transfers. Bitstamp provides access to over 80 cryptocurrencies, charging fees starting around 0.3% per trade.
• eToro: Known for its intuitive platform, eToro allows bank transfers from Italian accounts. Users can trade various crypto assets along with stocks and ETFs, typically incurring crypto fees near 1%.
• Binance: An OAM-registered exchange offering more than 350 cryptocurrencies. Bank transfers in euros from Italian banks are straightforward, and trading fees are competitively priced at approximately 0.1% per transaction.

When selecting an exchange, consider factors such as available crypto assets, fees, security standards, and how easily euros can be deposited from your bank account after transferring funds from Satispay.

Satispay Crypto Exchange Fees

When using Satispay to buy cryptocurrencies via bank transfer, consider these common exchange fees:

• Deposit Fees: Bank transfers from your IBAN typically have low or zero fees. For instance, Kraken generally offers free euro deposits via bank transfer.
• Withdrawal Fees: Sending crypto incurs blockchain network fees ("gas fees"), which vary based on network traffic and the specific cryptocurrency.
• Trading Fees: Exchanges charge trading fees per transaction. Kraken employs a maker/taker fee structure, starting at 0.16% (maker) and 0.26% (taker), while Bitstamp's fees start around 0.3% per trade.

Check your chosen exchange’s official fee schedule before transacting to avoid surprises.

What is Satispay?

Satispay is an Italian fintech app simplifying payments by linking directly to users' bank accounts, bypassing traditional card networks. The platform enables quick peer-to-peer transfers, mobile top-ups, bill payments, and in-store purchases at participating retailers. 

It has gained rapid traction across Europe, now serving over 4 million users and around 300,000 businesses, highlighting its appeal as a practical alternative to cards and cash.

Final Thoughts

Satispay doesn’t directly support crypto purchases, but users can easily transfer funds via IBAN to their bank and deposit euros onto OAM-approved exchanges like Kraken, Binance, or Bitstamp. 

With Italy now operating under the MiCA framework, choosing regulated platforms provides clear investor protections. 

Always review fees, asset availability, and security to trade confidently in Italy’s growing crypto market.