Can I Buy Bitcoin with Alpha Bank?

Yes, Alpha Bank customers can purchase Bitcoin and other digital currencies through regulated crypto exchanges in Greece. The bank facilitates transactions with platforms that comply with the Hellenic Capital Market Commission (HCMC) regulations. Clients can fund their exchange accounts with Euros using bank transfers, credit cards and debit cards.

How to Buy Crypto with Alpha Bank

Alpha Bank allows customers to transfer funds to exchanges like Bybit, which serves millions of users globally and is regulated by the CySEC. It provides access to over 1,500 digital assets, offering options for trading and staking. Users can deposit EUR through several payment methods, such as bank transfers, Apple Pay, Google Pay, SEPA, and credit and debit cards.

Follow this guide to start trading crypto with Alpha Bank:

1. Open an Account: Register for a free Bybit account and complete the verification process to ensure account security.
2. Select Payment Method: Navigate to the ‘Buy Crypto’ section in your Bybit dashboard and select your preferred payment method.
3. Transfer Funds: Choose EUR as your deposit currency and use Alpha Bank to transfer funds directly to your Bybit account.
4. Make Your Trade: Once your funds have been successfully deposited, select the cryptocurrency you wish to trade and execute your transaction.

What are the Fees?

‍Using Alpha Bank to buy crypto on Bybit is an affordable option due to the platform's competitive fee structure. Here’s a detailed breakdown of the fees you can expect:

• Deposits: Bybit does not charge any fees for depositing Euros (EUR) from Alpha Bank.
• Withdrawals: Fiat currency withdrawals are free, but transferring crypto to external wallets will incur standard blockchain network fees.
• Trading: Spot trading fees on Bybit start at a low 0.1%, while futures trading fees are even more economical, with a 0.02% maker fee and a 0.055% taker fee.

Bybit’s fee structure offers significant savings compared to other platforms, such as Coinbase, which charges upwards of 2% per trade. 

Alpha Bank Cryptocurrency Policy

Alpha Bank has no specific policies for digital assets but facilitates crypto transactions to exchanges regulated by European authorities, such as the Hellenic Capital Market Commission (HCMC) or the Cyprus Securities and Exchange Commission (CySEC). 

Customers can transfer funds in Euros through the bank’s payment methods, including direct transfers and debit cards. The bank has demonstrated a commitment to compliance with financial regulations, ensuring that transactions to licensed exchanges are secure.

About Alpha Bank

Alpha Bank, established in 1879, is one of Greece's leading financial institutions, offering a comprehensive range of banking products and services to individuals and businesses. It provides retail banking, corporate banking, and investment banking. 

The bank's digital platform, myAlpha, enables customers to manage accounts, perform transactions, and access various financial products online. The bank operates a network of branches and ATMs across Greece and has a presence in other countries.

Bottom Line

Alpha Bank offers its clients in Greece a safe way to buy Bitcoin and other cryptocurrencies through regulated exchanges like Bybit. The platform supports over 1,500 digital assets for spot and futures trading.

By selecting a regulated crypto exchange, Alpha Bank clients can ensure their investment experience is compliant with HCMC standards.