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).
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.
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.
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.