Summary: PostePay is dedicated to guiding its customers in the evolving market of digital assets. It's crucial to remember that direct trading of cryptocurrencies through the bank's services is not possible, but account holders are permitted to transfer their funds safely to exchanges supervised by the Organismo Agenti e Mediatori. 

After a thorough examination of major digital asset platforms, we discovered eToro to be an excellent option for PostePay customers. It provides access to over 4,500 digital currencies, ETFs, indices, and commodities at competitive rates. eToro is a global platform available in more than 150 countries, including Italy, and it offers 24/7 customer support in Italian.

Table of Contents

Can I Buy Bitcoin with PostePay?

Absolutely, PostePay customers can purchase and sell cryptocurrencies such as Bitcoin and Polygon on approved digital asset investment platforms in Italy. To ensure legal compliance and the secure storage of your tokens, it is crucial to choose an exchange under the Organismo Agenti e Mediatori's (OAM) supervision. After your deposit has been transferred to the platform, you can quickly start trading a variety of digital currencies.

How to Buy Crypto with PostePay

PostePay customers interested in exploring the world of digital assets can utilize trustworthy exchanges. We recommend eToro as an excellent choice due to its compliance with OAM regulations and extensive selection of over 3000 cryptocurrencies, stocks, commodities and ETFs. The platform allows quick Euro deposits through various methods like credit cards, bank or SEPA transfers, PayPal, Skrill and Neteller.

Here's a straightforward guide to begin investing in digital currencies in Italy:

  1. Create Account: Sign up for an account on eToro and finish the necessary identity verification procedures.
  2. Choose Currency: After clicking on 'Deposit Funds,' pick 'EUR' as your desired currency.
  3. Transfer Funds: Initiate a transaction from your PostePay account using your preferred method.
  4. Finalize Trade: Identify the cryptocurrency you're interested in using the search function and finish your trade.
Buy Crypto with PostePay via eToro.
Buy Crypto with PostePay via eToro.

PostePay Cryptocurrency Policy

PostePay aims to encourage financial innovation while strictly adhering to all relevant Italian regulations. Its customers can navigate the realm of digital assets through platforms compliant with the Organismo Agenti e Mediatori. Our recommended exchange eToro, operates under European licenses, including OAM in Italy and the CySEC in Cyprus under licence number 109/10. The exchange's primary headquarters are at 4 Profiti Ilia Street, Germasogeia, Limassol, Cyprus.

Digital Asset Investing Fees

Before investing any money in digital assets, it is crucial to be aware of all the associated costs. An overview of common fees on most trading platforms can be found below:

  • Transaction Costs: Exchanges like eToro typically impose around a 1% fee for buying or selling digital currency.
  • Funding Fees: The cost of depositing money into your account differs based on the selected payment method. Bank and SEPA transfers are generally cheaper than using credit or debit cards, which can incur fees of more than 2%.
  • Withdrawal Fees: The cost to withdraw your assets fluctuates depending on the cryptocurrency. For instance, most exchanges impose a fixed fee of 0.0005 BTC for Bitcoin withdrawals.

As eToro is overseen by both local and European regulatory agencies and has competitive fees, it presents an excellent choice for PostePay users seeking an affordable investing experience.

What is PostePay?

PostePay is a prepaid payment card service offered by Poste Italiane, Italy's national postal service. Designed to provide a convenient and secure way to manage money, the cards are widely used for various financial activities such as online shopping, bill payments, and even withdrawing cash from ATMs. 

These cards come with different features and benefits, catering to a broad range of consumer needs, from basic spending to more specialized services like international money transfers. The service has gained popularity for its ease of use, low fees, and the fact that it doesn't require a traditional bank account, making it accessible to a wider audience.

PostePay App Crypto
PostePay: Mobile App.

Final Thoughts

To conclude, PostePay enables seamless transfers to compliant platforms like eToro, which is praised for its diverse financial offerings, multiple EUR deposit methods, and enticing fee structure. It has more than 30 million registered users globally and provides a multilingual platform that can be used in Italian. eToro's unique features, such as copy trading and a demo account, make it a secure and appealing option for Italian investors.