Can I Buy Crypto with the Bank of Valletta?
The Bank of Valletta (BOV) does not offer any cryptocurrency trading services or crypto custody solutions. This means that BOV account holders will need to sign-up for a Cryptocurrency exchange in Europe that is licensed and regulated by EU Financial legislators.
How to buy Crypto with BOV Online Banking
The easiest way to buy Bitcoin or Crypto with BOV online banking is through the Uphold EU trading platform. They offer fast and cheap EUR deposits from BOV bank accounts to trade over 200 cryptocurrencies and hundreds of Stocks, ETFs, Commodities, Currencies, and much more. Their platform is the most secure exchange for investors in Europe and are regulated with an audited proof-of-reserves highlighting that customer funds are always backed 1:1.
You can get started with this simple guide below:
- Sign Up: Create an account on Uphold and complete your verification.
- Connect Account: Connect your Bank of Valletta account to Uphold to deposit Euros (EUR).
- Deposit Funds: After selecting "My banks" you can select the amount of EUR to deposit and complete the transfer.
- Buy Crypto: The final step is to find the cryptocurrency you want to buy and execute your trade.
Is Bank of Valletta Crypto-Friendly?
Yes, the Bank of Valletta is crypto-friendly and allows investors to buy and sell cryptocurrencies through regulated trading platforms. This enables safe and secure transfers of Euros from the bank to a licensed exchange, providing individuals with a reliable option to invest in the cryptocurrency market while utilizing the services of a regulated financial institution.
About Bank of Valletta
Bank of Valletta is the largest bank in Malta with over EUR 10 billion in total assets as of December 2021. They offer traditional banking products and services such as retail and commercial banking, wealth management, treasury, and international banking. BOV was founded in 1974 and has over 40 branches across Malta.
The Bank of Valletta offers the following services:
- Retail Banking: This includes products such as current accounts, savings accounts, loans, and credit cards.
- Commercial Banking: This includes products and services such as business accounts, trade finance, and foreign exchange.
- Wealth Management: This includes services such as investment advice and portfolio management.
- Treasury: This includes services such as foreign exchange, interest rate hedging, and money market instruments.
- International Banking: This includes services such as cross-border payments and international trade finance.
In conclusion, while the Bank of Valletta does not directly offer cryptocurrency trading services, it is still possible for their customers to buy and sell cryptocurrencies through licensed and regulated trading platforms. The best option for BOV customers is to sign up to the Uphold exchange platform, which offers fast and cheap EUR deposits from BOV bank accounts and the ability to trade over 250 cryptocurrencies and multiple asset classes.
By following the simple guide outlined in the article, individuals can easily deposit funds from their BOV account and start trading cryptocurrencies in a safe and secure environment.