Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Summary: Unicredit does not facilitate direct cryptocurrency trading operations on its web or mobile banking platforms. However, Unicredit's patrons have the opportunity to delve into the digital asset sphere by transferring Euros from their accounts to a sanctioned exchange, in strict compliance with the regulations imposed by the Organismo Agenti e Mediatori (OAM) and other relevant European organizations.
Our research suggests eToro as a prime selection for Unicredit Bank customers. Conforming to the regulations enforced in Europe and Italy, eToro has established itself as a reliable venue for seamless Euro transfers from Unicredit and numerous prominent European banks. Once on eToro, customers have the gateway to an extensive array of over 3,000 crypto assets, stocks, ETFs, commodities, and more financial instruments.
Can I Buy Crypto with UniCredit Bank?
Yes, you can purchase Bitcoin, Ethereum, stablecoins, and a wide variety of other digital currencies using Unicredit Bank, by leveraging your Unicredit account, debit card, or alternative payment options such as SEPA and bank transfers. Investors keen on acquiring cryptocurrencies must sign up with a cryptocurrency exchange within Europe that supports Euro transactions through your chosen payment gateway. While Unicredit does not handle cryptocurrency transactions directly, it provides a contemporary banking infrastructure that facilitates purchases through third-party exchanges.
How to Buy Bitcoin and Crypto with UniCredit
The optimal approach to buying cryptocurrencies through a Unicredit account is through a platform approved in Europe. One such regulated exchange is eToro, which empowers investors to swiftly deposit Euros (EUR) from their accounts using multiple payment avenues, including SEPA bank transfers, Unicredit Bank Cards, and others. eToro opens up a realm of opportunities with access to over 3,000 assets including cryptos, stocks, ETFs, and more, all accompanied by competitive fee structures.
Here's a simple and straightforward 4-step guide to assist you in initiating your journey:
- Register for a free account on eToro and complete the onboarding process.
- Click the 'Deposit Funds' button on the bottom left of your screen.
- Choose 'EUR' and your preferred payment method, then transfer funds from your UniCredit Bank account.
- Finalize the deposit and use the search bar to purchase your desired token.
What are the Fees?
When venturing into the domain of Bitcoin and cryptocurrency investments through Unicredit, it's vital to acquaint yourself with the primary fees and expenses that may be levied. These generally encompass deposit fees, withdrawal fees, trading commissions, and price spreads.
Among numerous platforms available for crypto aficionados, eToro emerges as a frontrunner owing to its budget-friendly strategy. Specifically for Unicredit bank account holders, eToro presents affordable Euro (EUR) deposit options through SEPA transfers along with competitive trading commissions. The platform adheres to a variable spread fee structure, usually hovering around 1%, which proves to be substantially more economical compared to platforms like Coinbase, where the spread fees might escalate above 2%.
Is UniCredit Bank Crypto-Friendly?
Unicredit fosters its clients' participation in the cryptocurrency market, facilitating transactions with platforms that are acknowledged and overseen by the Organismo Agenti e Mediatori (OAM) and other equivalent European institutions like the Cyprus Securities and Exchange Commission (CySEC). This precaution enables Unicredit Bank customers to channel Euros from their accounts to these recognized platforms, conforming with policies implemented to curtail financial wrongdoing.
As a result, customers of Unicredit Bank can navigate the sphere of cryptocurrencies with assurance, knowing that their investments are protected and adhere to all prevailing legal frameworks. Moreover, the bank's forward-thinking approach creates a nurturing space where both beginners and veteran investors can flourish and augment their digital asset portfolios.
To sum up, Unicredit Bank paves a safe avenue for its clients to explore the dynamic cryptocurrency market. Although not directly facilitating crypto transactions, the bank assists in smooth Euro transfers to certified exchanges, such as eToro, renowned for its broad range of assets and competitive pricing.
Following the directives laid down by the Cyprus Securities and Exchange Commission (CySEC) and other European regulatory bodies, Unicredit Bank guarantees a lawful and secure environment for investors eager to enhance their digital asset portfolios with assurance and convenience. Through an uncomplicated procedure on platforms like eToro, customers can quickly and affordably commence their cryptocurrency investment adventure.