Summary: Qonto assists its customers interested in venturing into digital assets by enabling EUR transfers to platforms overseen by French financial regulators. As the bank does not provide trading services directly, identifying a platform supervised by the Autorité des marchés financiers (AMF) is crucial for securing your funds and adhering to local laws.
After a detailed analysis of leading exchanges, we found that eToro is the best option for Qonto customers. eToro provides access to more than 4,500 cryptocurrencies, stocks, ETFs and other financial instruments. The platform supports quick Euro deposits through various payment methods, including SEPA and bank transfers, and credit cards. It's a social trading platform that provides unique features like demo accounts and copy trading.
- Autorité des Marchés Financiers (AMF) registered broker with over 30 million users.
- Buy, sell and trade over 4,500 Cryptocurrencies, Stocks, ETFs and more.
- Fast EUR deposits from Qonto through Bank Transfer, SEPA, and Credit Card.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Can I Buy Bitcoin with Qonto?
Certainly, Qonto customers can buy and trade cryptocurrencies like Bitcoin by utilizing recognized digital currency exchanges in France. It's critical to choose a platform regulated by the Autorité des marchés financiers (AMF) to ensure full compliance with French regulations and secure your investments. After transferring your Euros, you can swap them for digital assets such as Ethereum and Polygon.
How to Buy Crypto with Qonto
Qonto customers can buy, sell, and trade digital currencies like Arbitrum through a credible exchange that accepts deposits in Euros. We identified eToro as the top choice due to its compliance with AMF regulations and extensive range of financial assets. The platform enables swift EUR deposits through multiple methods, including bank transfers, SEPA transfers, PayPal, and credit or debit cards.
Investors in France can start trading cryptocurrencies by following these simple steps:
- Create Account: Register an account on eToro and complete the necessary identity verification steps.
- Choose Currency: Go to "Deposit Funds" and select "EUR" as your preferred currency.
- Start Transfer: Choose a payment method and begin the fund transfer from your Qonto account.
- Complete Transaction: Use the search function to locate the digital asset you're interested in and finalize your purchase.
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Qonto's Cryptocurrency Policy
Qonto is dedicated to promoting financial innovation while strictly adhering to all relevant laws in France. Its customers can explore digital asset investing by using platforms registered with the Autorité des marchés financiers (AMF). We recommend eToro as a trusted exchange accredited by various European regulatory bodies, including AMF and CySEC. Their main headquarters are located at 4 Profiti Ilia Str., Kanika Business Centre, 7th floor, Germasogeia, 4046, Limassol, Cyprus.
Digital Asset Investing Fees
Investing in digital assets comes with various fees, and understanding these charges is vital for maximizing your returns. Below is a summary of common trading costs you might encounter on exchanges:
- Transaction Expenses: Platforms like eToro typically charge a small fee, often around 1%, for buying or selling digital currencies.
- Deposit Fees: These vary based on the payment method you choose. Bank and SEPA transfers usually cost less than credit and debit card deposits, which can exceed 2%.
- Withdrawal Expenses: The cost of withdrawing your holdings varies depending on the token. Many platforms levy a fixed fee of 0.0005 BTC for Bitcoin withdrawals.
eToro presents an optimal choice for Qonto customers, offering a huge variety of cryptocurrencies at competitive trading fees. Its AMF accreditation makes it a top exchange for investors seeking to safeguard their financial assets.
What is Qonto?
Qonto is a trusted French banking entity that provides diverse financial services to its customers. Founded in 2016 by Alexandre Prot and Steve Anavi, the bank launched its initial product in July 2017 in France and has since expanded to Spain, Germany, and Italy. By July 2020, it had surpassed 100,000 clients, and following a substantial fundraising effort in January 2022, it achieved unicorn status with an estimated valuation of €4.4 billion.
With a current customer base numbering around 300,000 and an employee count of over 1,000, Qonto has solidified its position as a leading neobank for freelancers and SMEs. The bank continues to differentiate itself by providing a streamlined, digital banking experience tailored to the needs of modern businesses, with a focus on simplicity, transparency, and efficiency.
Final Thoughts
In summary, Qonto allows customers to transfer funds to AMF-regulated platforms, ensuring full legal compliance and guaranteed asset security. Our comprehensive analysis indicates eToro as the best platform for French investors, given its wide selection of assets, French language support, competitive fees, multiple EUR deposits, and adherence to financial regulations in France and Europe.
I am a Finance graduate and market analyst that enjoys researching and writing about digital assets and how they intersect with Macro.
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