Summary: NBG Bank doesn't facilitate the direct buying of cryptocurrencies. However, if you're keen to invest in crypto-asset markets, you can create an account with a trusted and well-regulated trading platform. The bank allows customers to transfer Euros (EUR) to these platforms to buy, sell and trade Bitcoin and other assets.

Based on our analysis, we found that eToro was the top pick for NBG customers. This platform is overseen by European financial authorities and complies with Anti-Money Laundering and Anti-Terrorist Financing laws. With eToro, you can access over 3,000 assets, including cryptocurrencies, stocks, and ETFs. Moreover, eToro offers competitive fees and easy Euro deposits directly from your bank, making it a convenient and cost-effective choice.

Table of Contents

Can I Buy Bitcoin with NBG Bank?

Yes, NBG Bank allows investors to easily transfer their Euros (EUR) to regulated cryptocurrency exchanges in Greece. Once your funds are in your account on your selected platform, you can buy Bitcoin, Ethereum, stablecoins and other digital assets. Keep in mind, that the National Bank of Greece isn't selling you the crypto, they're just facilitating a safe money transfer. If you're eager to start with crypto, it's important to use platforms approved by the Hellenic Capital Market Commission (HCMC) and equivalent European authorities to ensure your investment is secure.

How to Buy Crypto with the National Bank of Greece

For National Bank of Greece customers interested in buying digital assets like Bitcoin and Ethereum, there are many regulated pathways. For the best experience, we recommend using eToro. This platform is watched over by leading financial regulators and offers a huge variety of more than 3,000 assets. This includes cryptocurrencies as well as stocks and ETFs. With eToro, you can easily deposit Euros from your NBG Bank account and enjoy reasonable fees.

Here's a quick guide to get you going:

  1. Set Up Account: First, create your eToro account and complete the required identity checks.
  2. Choose Your Currency: After logging in to eToro, pick Euros as your go-to currency for transferring funds from your NBG account.
  3. Make the Deposit: Follow eToro's instructions to securely move your money from your NBG Bank account.
  4. Start Investing: Once your eToro account has funds, go to the crypto area, choose the digital currency you're after, and purchase.
 Buy Crypto with the National Bank of Greece
Deposit EUR with NBG to invest in digital assets.

NBG Bank Cryptocurrency Policy 

NBG is becoming more receptive to the burgeoning world of digital currencies. While the bank itself doesn't offer direct cryptocurrency purchases, it does allow for the transfer of Euros to sanctioned cryptocurrency platforms. If you're considering diving into the crypto market, it's essential to opt for a platform that adheres to rigorous financial regulations and offers a diverse portfolio of assets.

For customers of NBG Bank interested in a secure crypto journey, platforms regulated by CySEC and other tier-1 regulators within the European Economic Area (EEA) are recommended. These platforms generally comply with Anti-Money Laundering and Anti-Terrorist Financing measures.

Digital Asset Investing Fees

When you're using NBG Bank for digital asset investments, like Bitcoin or other cryptocurrencies, understanding the fee structure is key. Here's a quick breakdown:

  • Deposits: Sending Euros (EUR) via NBG usually comes free. If your trading platform needs USD, you'll face a conversion charge. Debit and credit card transfers may also carry fees, often above 2%.
  • Spreads: The spread is the price gap between buying and selling an asset. Lower spreads, around 1% for crypto, are generally better. Some platforms offer such rates, unlike others with up to 2% spreads.
  • Withdrawals: A flat fee, often around $5, applies when you withdraw funds back to your NBG account.

To sum up, using NBG Bank for your crypto investments allows for quick transactions, reasonable fees, and a wide range of asset options. For the most effective deposit method, we recommend a SEPA transfer. 

About the National Bank of Greece

NBG Bank, or National Bank of Greece, is one of Greece's oldest and largest financial institutions, founded in 1841. Headquartered in Athens, the bank offers various financial products and services, including retail and commercial banking, asset management, and investment services. Despite facing challenges during the Greek economic crisis, NBG has restructured and modernized its operations to better serve domestic and international clients. It's widely considered a pillar of stability in Greece's banking sector and continues to play a vital role in the nation's economic recovery.

National Bank of Greece (NBG).
National Bank of Greece (NBG).

Final Thoughts

In conclusion, while the National Bank of Greece (NBG) doesn't directly sell cryptocurrencies, it facilitates secure transfers of Euros to regulated trading platforms like eToro, our top recommendation for NBG customers. With eToro, you not only gain access to a vast array of over 3,000 assets but also benefit from a regulated environment and competitive fee structure. So if you're an NBG Bank customer looking to venture into crypto investments, your first logical step should be a SEPA transfer to a compliant and well-regulated platform.