How to Buy Crypto with BNL Bank

Can I Buy Bitcoin with BNL Bank?

Absolutely, BNL Bank customers in Italy can buy and sell cryptocurrencies like Bitcoin and Avalanche on reputable digital asset investment platforms in Italy. Choosing an exchange that is regulated by the Organismo Agenti e Mediatori (OAM) is crucial to ensuring legal compliance and the safety of your assets. Once you've transferred your Euros to the platform, you can easily swap them for a variety of digital currencies.

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How to Buy Crypto with BNL Bank

Customers of BNL Bank who want to delve a little deeper into the world of digital assets can use reputable exchanges. After careful consideration, we recommend eToro as the best option due to its compliance with OAM regulations and a broad range of cryptocurrencies. The platform allows for quick deposits of Euros through several methods, including credit cards, bank transfers, and SEPA transfers.

Start trading over 3000 assets by following this short guide:

1. Create Account: Register an eToro account and complete the required identity verification steps.
2. Choose Currency: After clicking on "Deposit Funds," select "EUR" as your preferred currency.
3. Transfer Funds: From your BNL Bank account, initiate a payment using the method that best suits you.
4. Finalize Trade: Locate the cryptocurrency you are interested in using the search function, then complete your trade.

BNL Bank Cryptocurrency Policy

BNL Bank is committed to encouraging financial innovation while strictly upholding all applicable Italian regulations. Customers of the bank can explore the world of digital assets through platforms that adhere to the Organismo Agenti e Mediatori (OAM). We recommend eToro for your trading needs, as it operates under multiple European licenses, including OAM in Italy and CySEC in Cyprus. The exchange’s main headquarters are located at 4 Profiti Ilia Street, Germasogeia, Limassol, Cyprus.

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Digital Asset Investing Fees

If you are thinking about investing in digital assets, you should be aware of the various fees you might face. Here's a quick rundown of the most common trading platform fees: 

• Transaction Expenses: Platforms like eToro typically charge a fee of around 1% when buying or selling digital currency.
• Funding Fees: The cost of depositing money into your account varies based on your chosen payment method. Bank and SEPA transfers are generally less expensive, while using credit or debit cards could result in fees above 2%.
• Withdrawal Fees: The cost of withdrawing your assets varies depending on the cryptocurrency. For instance, many exchanges usually levy a fixed fee of 0.0005 BTC for Bitcoin withdrawals.

eToro, which is regulated by European financial authorities and supervised by local regulatory bodies, provides a diverse range of digital tokens at competitive prices, making it a dependable option for BNL Bank customers.

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What is BNL Bank?

BNL Bank, formally known as Banca Nazionale del Lavoro, has a rich history dating back to its foundation in 1913. For over a century, it has not only provided financial services but also played a role in shaping Italy's economy. With a diverse range of customers, the bank offers an extensive suite of services, including personal banking, business banking, wealth management, insurance, and digital banking solutions.

In 2006, BNL began a new chapter by becoming a subsidiary of the global financial giant BNP Paribas Group. This integration has strengthened its commitment to driving growth and innovation in its industry. As it strives for modernization, the bank remains committed to customer service and unwavering reliability. By placing emphasis on leveraging technology, it has considerably expanded its online presence, enabling it to serve its clients better.

Final Thoughts

To summarize, BNL Bank facilitates smooth transfers to compliant platforms such as eToro, which we recommend due to its diverse asset offerings, multiple EUR deposits and competitive fee structure. It offers over 3000 different financial instruments and has unique features such as copy trading, a demo account, and an OTC Desk. With over 30 million registered users, it is a trusted and secure option for Italian investors.