Is Bankinter Bitcoin and Crypto-Friendly?
Bankinter is a digital asset-friendly bank in Spain and Portugal that allows its customers to invest in cryptocurrencies through regulated broker accounts. We have reviewed their banking policies and could not identify any terms or conditions that would prohibit investors from investing in the asset class through exchanges that are regulated in their jurisdiction
How to Buy Crypto or Bitcoin with Bankinter
As mentioned above, the easiest way to invest in cryptocurrencies with a Bankinter account is through a regulated platform that is licensed by the European Securities and Markets Authority. With this method, Spanish investors can transfer Euros (EUR) and other currencies to a regulated crypto broker to invest in digital assets in the same way that they would invest in stocks.
You can follow the simple guide below with our top pick for Spanish investors, eToro.
- Register for an account with eToro: Head over to the eToro website and sign up for an account by entering your email address and creating a strong password.
- Verify your identity: Before you can start trading cryptocurrencies, you will need to verify your identity with eToro. This process is known as ‘Know Your Customer’ (KYC) and is required by law in order to prevent money laundering and financial crimes.
- Deposit funds into your account: Once you have verified your identity, you can deposit funds into your account via bank transfer or Bankintercard. eToro only accepts Euros (EUR) at this time, so you will need to make sure that your Bankinter account is denominated in EUR before making a deposit.
- Start trading crypto: Once your deposit has cleared, you can start trading cryptocurrencies on the eToro platform. There are dozens of cryptos available to trade, as well as stocks, ETFs, commodities and more.
Fees to Invest in Crypto
The fees you pay to invest in cryptocurrencies with Bankinter will depend on the platform that you use to buy and sell digital assets. For example, eToro charges a variable commission fee of 0.5% per trade, while some other platforms may charge a fixed percentage fee or a flat-rate fee per transaction. You will also need to factor in the spreads that each platform charges, as this is how they make their money.
Bankinter is a Spanish bank that offers its services in Spain and Portugal. The bank was founded in 1965 and is headquartered in Madrid, Spain. Bankinter has a strong online presence and offers a wide range of banking products and services, including loans, credit cards, savings accounts, investment products, and insurance.
In Spain, Bankinter is one of the leading banks in terms of market share. The bank has a wide network of branches and ATMs across the country. In Portugal, Bankinter offers its services through its subsidiary, Banco BPI.
The bank has a strong focus on technology and offers a range of digital banking products and services. Bankinter's mobile app is one of the most popular in Spain. Bankinter also offers a wide range of investment products, including mutual funds, ETFs, and bonds. The bank has a good reputation and is known for its competitive rates and fees. However, some customers have complained about the quality of customer service.
Bankinter is a publicly traded company listed on the Madrid Stock Exchange. The bank's shares are also traded on the New York Stock Exchange.