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Buy Bitcoin and Crypto with PostePay

Buy Bitcoin and Crypto with PostePay

Dylan Matthews
Dylan Matthews
Fact Checked
Jan 17, 2023

Summary: The PostePay App does not offer any products or services to buy Cryptocurrencies through its online banking platform. That said, customers can transfer funds from their PostePay accounts to a regulated crypto exchange in Italy to buy and sell digital assets.

We recommend the Uphold platform because they accept instant and cheap deposits from PostePay Bank accounts and Debit Cards or Credit Cards to trade over 200 cryptocurrencies with low fees. They are also one of the only Italian platforms that have an audited proof-of-reserves showing customer assets are always backed 1:1.

Table of Contents

Best Crypto Broker for Postepay

Platform Highlights

  • Trade over 220 Cryptos with fast and cheap Euro (EUR) deposits from Postepay.
  • Regulated and Licensed by the Financial Conduct Authority (FCA), FinCEN and has audited Proof-of-Reserves for customer funds.
  • Offers multiple asset classes including Crypto (and crypto saking), Stocks, ETFs, Metals and more.
Uphold - Postepay
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Audited Proof of Reserves
Audited Proof of Reserves

Is PostePay Crypto-Friendly?

Yes, PostePay does allow its customers to buy and sell cryptocurrencies like Bitcoin and Ethereum with funds from their online banking account or PostePay Cards. The only relevant restriction is that customers must invest using platforms that are licensed and regulated by the European Securities and Markets Authority (ESMA).

PostePay App Crypto
Buy Crypto with PostePay App.

How to Buy Crypto with PostePay

If you want to buy Bitcoin (BTC) and cryptocurrencies with PostePay, you first need to create an account on a reputable crypto exchange that accepts deposits from Italian PostePay accounts. We recommend Uphold as they offer a wide variety of digital assets, low fees, and support deposits from PostePay Bank accounts and Cards. Their platform is also licensed by ESMA in Italy and Europe.

You can get started in minutes with a PostePay Card or account with this guide:

  • Sign Up: Create an account on Uphold and complete your verification (personal or company).
  • Connect Account: Select the currency you want deposit on the Uphold Platform (EUR +30 more).
  • Deposit Funds: Connect your PostePay Card or PostePay Bank account to quickly deposit fiat currency.‍
  • Buy Crypto: The final step is to find the crypto you want to buy and execute your trade.
Deposit Euros with PostePay.

Is Crypto Investing Legal in Italy?

Yes, crypto investing is legal in Italy. The Italian government has taken an active stance on the regulation of cryptocurrencies, introducing regulatory frameworks and implementing rules to ensure that crypto trading is safe and secure for investors. Under the current law, all transactions with digital currencies must go through a registered exchange, making it possible for authorities to monitor operations and prevent fraud.

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About PostePay

PostePay is a reloadable prepaid card that can be used for online shopping and to make other payments. It is issued by Poste Italiane, the national postal service of Italy. The card can be used anywhere that accepts Visa cards, including online retailers. It can also be used to withdraw cash from ATMs.

There is no credit check required to get a PostePay card. You can load money onto the card using cash, bank transfers, or by exchanging foreign currency. The PostePay card is a convenient way to pay for goods and services online or in person. It is also a safe and secure way to store your money since it is not linked to your bank account. If your card is lost or stolen, you can cancel it and get a replacement.

If you are travelling to Italy, a PostePay card can be a convenient way to pay for expenses. It can also be used to withdraw cash from ATMs if needed.

Post Tags

EU Banks
Digital Banks
Digital Assets
Centralized Exchanges

Dylan Matthews

Dylan Matthews is the Co-Founder and head of operations at Buy Bitcoin Bank, with a background in engineering and experience as a Prop Trader. He has leveraged his knowledge and skills to build and scale the platform, providing users with a seamless experience for buying and selling cryptocurrency.

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