Can I Buy Cryptocurrencies on Migros Bank?
No, you can not buy cryptocurrencies directly on the Migros Banking platform. If you want to buy Bitcoin with the funds in your Migros bank account you simply need to send your euros from your bank to a regulated and licensed crypto exchange.
We recommend using eToro as it is the safest cryptocurrency exchange to use in Europe. eToro Europe is properly licensed and regulated by the Cyprus Securities & Exchange Commission under license number 109/10. The exchange operates and complies with the Markets in Financial Instruments Directive (MiFID).
How to Buy Crypto & Bitcoin with Migros Bank
In this example, we show Swiss investors how to invest in cryptocurrencies with a Migros Bank account. We choose Bank Transfer as the deposit method but you can also choose to credit/debit card, Skrill, Neteller, PayPal and more. Follow the below steps to get started.
- Sign up to eToro Europe and complete the onboarding process
- Click ‘Deposit Funds’ and choose ‘Bank Transfer’ as the payment method and enter the amount of EUR
- Enter the eToro details into your Migros banking app and send funds over. Bank transfers can take from 4-7 working days to be processed from the time of transfer. Users can choose to deposit via Credit/Debit card for instant deposits
- Once the funds have arrived in your eToro account, search for Bitcoin or whatever token you want to buy, enter the amount you want to invest and select ‘Open Trade’
About Migros Bank
Migros Bank is one of the leading banks in Switzerland that provides excellent customer service and innovative banking products. It was founded in 1934 and is headquartered in Zurich. The bank offers a wide range of services such as saving accounts, checking accounts, credit cards, mortgages, loans and investment products.
What makes Migros Bank stand out among other banks is its focus on mobile banking which is made possible by the bank’s excellent online platform. If you are looking for a reliable and customer-centric bank in Switzerland, then Migros Bank is the right choice for you.