Summary: Bank of Valletta does not provide any direct options to purchase or sell cryptocurrencies via its internet banking platform. Nonetheless, Bank of Valletta customers are permitted to connect their banking accounts to approved cryptocurrency trading platforms for transactions involving digital currencies such as Bitcoin and Ethereum.
After reviewing numerous exchanges in Malta, we suggest Uphold for Bank of Valletta clients. This platform enables free, instant Euro deposits via SEPA, allowing trade in 250+ cryptocurrencies with no fees. Uphold outperforms popular alternatives like eToro and Coinbase in cost, ease of use, and features.
- Trade 250+ Cryptos with Fast and Cheap EUR deposits from Bank of Valletta.
- Regulated in Malta & Europe and has audited Proof-of-Reserves for customer funds.
- Offers multiple asset classes including Crypto (and Crypto Staking), Stocks, ETFs, Metals, Currencies and more.
Can I Buy Crypto with the Bank of Valletta?
Bank of Valletta does not provide a cryptocurrency investment platform through their online banking app. Therefore, customers cannot purchase or keep cryptocurrencies via their online banking system. To venture into cryptocurrency investment, Bank of Valletta clients need to register with a digital asset exchange in Malta, approved by the Malta Financial Services Authority (MFSA), and deposit Euros (EUR).
How to Buy Bitcoin and Crypto with Bank of Valletta
To buy cryptocurrencies through a Bank of Valletta online banking account, a regulated trading platform like Uphold is a recommended option. It allows quick and free Euro (EUR) deposits from Bank of Valletta, enabling you to transact over 250 crypto assets with zero fees and competitive spreads. Uphold stands out as one of the rare exchanges with audited proof-of-reserves, guaranteeing that customer assets are always entirely supported.
Here's a simple guide to get you started in minutes:
- 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 (BOV) is the oldest established financial services provider in Malta and also one of the largest. Established in 1974, the bank provides a comprehensive range of financial services including retail banking, business banking, private banking, and wealth management.
Bank of Valletta has a wide network of branches spread across Malta and Gozo, and it also operates a number of local and international subsidiaries. The bank continues to be a significant player in the Maltese economy, providing services to both individual and business clients.
Final Thoughts
In conclusion, while Bank of Valletta doesn't support direct cryptocurrency transactions through its online banking platform, it permits customers to interact with regulated cryptocurrency trading platforms like Uphold. This collaboration allows seamless Euro deposits and offers users access to over 250 crypto assets.
Hence, customers of Bank of Valletta seeking to invest in cryptocurrencies can do so securely and efficiently, making the bank a crypto-friendly institution in Malta. Uphold provides comprehensive features, competitive spreads, and audited proof-of-reserves, ensuring a reliable and secure investment journey in the crypto market.
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.
