Can I Buy Bitcoin with Postepay?

Yes, Postepay users can purchase Bitcoin by transferring funds to a regulated crypto exchange in Italy. Italian investors can deposit funds in exchanges that comply with the Organismo Agenti e Mediatori (OAM) regulations. Using a licensed platform is essential for maintaining regulatory compliance in the country and securing your assets.

How to Buy Crypto with Postepay

‍Postepay users can safely purchase cryptocurrencies by using OAM-licensed exchanges like Bybit, which is regulated across Europe and holds a CySEC license. Bybit supports free EUR deposits through bank transfers, credit and debit cards, SEPA, Apple Pay, Google Pay, and Revolut. Users can swap their Euros for more than 1,400 digital assets.

Begin investing in crypto with Postepay by following these steps:

1. Create an Account: Head to Bybit's website, sign up, and complete the verification process to secure your account.
2. Select Method: Go to the 'Buy Crypto' section and choose your deposit method.
3. Choose Asset: Look for the cryptocurrency you want to buy, and ensure you have selected the correct deposit currency.
4. Complete the Purchase: Enter the amount of crypto you wish to buy and review your transaction details before confirming the purchase.

What are the Fees?

‍If you're buying crypto using an exchange, you'll typically encounter fees for deposits, trades, and withdrawals. Most platforms have trading fees ranging between 1% to 2%, but Bybit offers more competitive pricing for Postepay users. On Bybit, spot trading is 0.1%, and futures trading is 0.02% for makers and 0.055% for takers.

Deposits made in euros through Postepay are generally free. Always check the withdrawal fees ahead of time, as they differ depending on the asset you are withdrawing.

Is Postepay Crypto-Friendly?

Yes, Postepay allows users to make transfers to regulated cryptocurrency exchanges that comply with the regulations set by the Organismo Agenti e Mediatori (OAM) in Italy. This allows Postepay clients to engage in crypto activities legally and follow KYC/AML protocols.

Postepay’s ability to facilitate these transfers shows its acknowledgment of the expanding cryptocurrency market while adhering to evolving standards like the EU's Markets in Crypto-Assets Regulation (MiCAR).

About Postepay

Postepay is a prepaid card service from Poste Italiane that gives you a simple way to make payments without needing a bank account. Popular in Italy, it lets you pay online and in stores, withdraw cash from ATMs, and manage your money through an app. It offers Postepay Standard, which is used for everyday purchases, and Postepay Evolution, which adds IBAN functionality.

Bottom Line

In conclusion, Postepay customers can transfer funds using their cards to regulated exchanges overseen by the OAM. Bybit is recommended for its free euro deposits, a wide range of cryptocurrencies, low fees and Italian customer support. Its adherence to Italian and EU regulations makes it a safe option for those entering the crypto market.