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Buy Crypto with Abanca Online

Buy Crypto with Abanca Online

Andrew Chen
Fact Checked
Oct 29, 2022

Summary: Abanca Bank does not offer any crypto investing services through its online banking platform. However, they do allow customers to transfer funds from their bank accounts into regulated crypto exchanges in Spain to buy and sell digital assets.

Our top pick for Abanca account holders is eToro, which offers instant and cheap Euro (EUR) transfers onto their licensed and regulated platform. They have a wide variety of crypto assets and thousands of stocks, ETFs and other assets to trade with low fees.

Table of Contents

eToro Platform Highlights

Platform Highlights

  • Fast and cheap Euro (EUR) deposits from all European Banks.
  • Licensed by the Financial Conduct Authority (FCA) and ESMA.
  • 80+ Cryptos and over 7,000 Stocks, ETFs & Commodities with low fees.

How to Buy Bitcoin and Crypto with Abanca

As outlined above, the best way to invest in cryptocurrencies with Abanca in Spain is with a European Securities and Markets Authority (ESMA) licensed exchange. We recommend the eToro platform because they offer instant and cheap deposits via bank transfer, debit card and credit card to trade the widest variety of assets in Europe.

You can get started in 4 simple steps:

  1. Create an account: Sign up to eToro and verify your identity.
  2. Fund your account: Select the 'Deposit Funds' button to deposit EUR from Abanca Bank or an alternative method.
  3. Find Crypto: Once the funds hit your account, find the Crypto you want to buy on the eToro platform with their 'Discover' tab.
  4. Execute your trade: Input the fiat amount you want to buy and execute your trade.
Deposit Funds from Abanca to invest in Crypto.

Abanca Crypto Investing Fees

The fees to buy and sell digital assets with an Abanca account will vary depending on the exchange you use. The main costs you need to consider are your bank transfer or deposit fee and the fees to trade on the exchange. Fortunately, eToro is the cheapest option for Abanca users with zero fees to deposit and a small fee of 0.5% taken in the spread of each trade.

This is significantly lower than popular alternatives like Coinbase or Kraken, which charge up to 1.99% to deposit and trade on their platforms.

Abanca Digital Asset Policy

While Abanca doesn't offer any investing or buying of digital assets on its platform, they are supportive of the industry. The bank does allow customers to invest in the asset class through regulated platforms and has released reports outlining positive sentiment toward the blue-chip assets in the space like Bitcoin (BTC) and Ethereum (ETH).

Abanca Online
Abanca Online Banking.

About Abanca

Abanca is a Spanish financial institution that offers banking services to individuals, businesses, and organizations. It was founded in 2007 and is headquartered in Galicia, Spain. As of 2022, Abanca operates through a network of over 700 branches and employs more than 8,000 people.

The bank offers a wide range of banking products and services, including savings and checking accounts, loans, credit cards, and investment products. The bank also offers online and mobile banking services.

Abanca is committed to providing excellent customer service and has received several awards for its customer satisfaction levels. In 2019, Abanca was named the in the Top 10 Digital Banks in Spain by Global Finance magazine. If you're looking for a bank that offers great customer service and a wide range of banking products and services, Abanca is a great choice.

Andrew Chen

Former Bitcoin Maximalist turned multi-chain enjoyer. I hunt down the best yields across AVAX, Solana, Fantom and other networks.

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