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Buy Bitcoin and Crypto with BNL Bank

Buy Bitcoin and Crypto with BNL Bank

Andrew Chen
Fact Checked
Nov 5, 2022

Summary: BNL Bank does not offer any products or services that enables its personal or business banking customers to buy Bitcoin and crypto assets. However, they do allow customers to transfer funds from its online banking platform to licensed and regulated crypto brokers in Italy.

We recommend eToro for BNL account holders because they offer fast and cheap Euro (EUR) deposits with a bank transfer, debit card or credit card. Their exchange is licensed and accredited to offer crypto brokerage services throughout Italy and Europe.

Table of Contents

eToro Platform Highlights

Platform Highlights

  • Fast and cheap Euro (EUR) deposits from all European Banks.
  • Licensed by the Financial Conduct Authority (FCA) and ESMA.
  • 80+ Cryptos and over 7,000 Stocks, ETFs & Commodities with low fees.

Is BNL Bank Crypto-Friendly?

Yes, BNL is a crypto-friendly financial institution in Italy. They allow customers to deposit funds into crypto brokers that are regulated by The Commissione Nazionale per le Società e la Borsa (CONSOB). This means customers can safely transfer Euros (EUR) to buy Bitcoin and other coins without having to worry about their accounts being frozen or banned.

How to Buy Crypto with BNL

As mentioned above,  BNL customers can use the bank’s online banking platform to transfer funds to a CONSOB-licensed crypto broker. We recommend eToro because they offer fast Euro (EUR) deposits, low fees and a wide selection of coins.

Here’s a step-by-step guide on how to buy Bitcoin and other coins with BNL:

  1. Sign up for an account with eToro and verify your identity
  2. Go to the “Deposit Funds” page and select “Wire”
  3. Enter the amount of Euros (EUR) you want to deposit and choose BNL as the bank and enter your BNL online banking details
  4. Once the funds arrive, go to the “Trade Markets” page and search for the coin you want to buy
  5. Enter the amount of coins you want to purchase and click “Buy”
Deposit Funds and Invest in Cryptocurrencies with BNL.

Fees to Invest in Cryptocurrencies

The fees you pay to invest in cryptocurrencies with BNL will depend on the broker you use. For example, eToro charges a 0.75% spread on crypto purchases. There are also some lenders who may charge a small fee for processing the wire transfer from your BNL account. However, this is usually less than $10.

About BNL Bank

BNL Bank is one of the largest banks in Italy and a major player in the European banking sector. The bank was founded in 1866 and is headquartered in Rome. BNL operates a network of over 1,000 branches across Italy and has a strong presence in key markets such as Germany, France, Spain, and Belgium. The bank provides a full range of banking services to retail, corporate, and institutional customers. BNL is also active in the asset management and insurance businesses.

BNL

BNL has a long history of serving the needs of Italian businesses and is one of the leading banks in Italy for providing financing to small and medium-sized enterprises (SMEs). The bank is also a major player in the Italian mortgage market. BNL is majority-owned by BNP Paribas, one of the largest banks in the world. BNL has a strong capital base and is well-positioned to weather the challenges posed by the current economic environment.

Andrew Chen

Former Bitcoin Maximalist turned multi-chain enjoyer. I hunt down the best yields across AVAX, Solana, Fantom and other networks.

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