How to Buy Bitcoin and Crypto with BNP Paribas (2023)

Summary: BNP Paribas does not directly offer any services that enable its customers in France and Europe to buy and sell cryptocurrencies through its online banking platform. This means that investors will need to find a third-party exchange that is regulated in Europe to invest and trade digital assets.

Based on our analysis of over 30 platforms, we found that Binance was the best choice for BNP Paribas account holders. They offer instant and free SEPA Transfers (Euro) via BNP Bank to trade over 350 crypto assets with industry-leading fees. They are licensed and regulated throughout Europe and hold a Digital Asset Service Provider license in France.

Best Exchange for BNP Paribas

Platform Highlights

Instant and free Euro (EUR) deposits from BNP Paribas.
Trade 350+ crypto assets with low fees starting at 0.1% per trade.
Largest and most trusted Cryptocurrency exchange in the world with 100 million users.

Audited Proof of Reserves

Table of Contents

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Can I Buy Crypto with BNP Paribas?

BNP Paribas currently does not offer a cryptocurrency investment service, as it lacks the necessary infrastructure for digital asset trading and custody. Consequently, customers are unable to purchase or store cryptocurrencies like Bitcoin or Ethereum through their online banking platform. To invest in cryptocurrencies, BNP Paribas clients need to register with a digital asset exchange in France licensed by the European Securities and Markets Authority (ESMA) and deposit EUR.

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How to Buy Bitcoin and Crypto with BNP Paribas

As outlined above, the recommended method for buying digital assets with BNP Paribas Bank is through a platform that is licensed & regulated in Europe. Our top pick for investors in France is Binance EU, because they are a regulated and approved trading platform in France that offers instant and free deposits from French banks.

You can get started buying Crypto with BNP with this simple guide:‍

Sign Up: Register for an account on Binance and complete the verification process.
Deposit Funds: Choose Euros (EUR) as your currency and select the token you wish to buy.
Finalize Transfer: Deposit funds from your BNP Paribas account using Bank Transfer or another method.
Buy Crypto: Click 'Buy', and the tokens will immediately appear in your account.

Is BNP Paribas Crypto-Friendly?

BNP Paribas Bank is widely regarded to be one of the most progressive financial institutions in France and Europe when it comes to its digital asset stance. They freely allow their customers to buy, sell and trade cryptocurrencies, as well as engage in DeFi and the Metaverse.

As of time of writing, there are no internal banking policies at BNP Paribas that prohibits customers from depositing EUR into regulated exchanges. You just need to avoid using off-shore exchanges, which may cause problems with BNP.

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BNP Paribas Bank Crypto Custody

BNP Bank does not provide any institutional custodial services for high-net-worth or sophisticated investors to hold their digital assets. You may want to check out tailored institutional custody services like Fireblocks or Coinbase Institutional Custody for bank-grade security for your assets.

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About BNP Paribas

Founded in 1848, BNP Paribas is a prominent European bank with a global presence in 75 countries and over 190,000 employees. The bank focuses on three main activities: Domestic Markets, International Financial Services (covered by Retail Banking & Services), and Corporate & Institutional Banking. BNP Paribas has strong European market presence, leads in consumer lending, and is expanding its retail banking model across the Mediterranean, Turkey, Eastern Europe, the Indian subcontinent, and the western United States. The bank also maintains a robust presence in the Americas and a growing business in Asia-Pacific.

BNP Paribas Bank. — BNP Paribas Online Banking.

Final Thoughts

In conclusion, BNP Paribas does not directly facilitate cryptocurrency investments through its online banking platform, but clients can access digital assets via regulated exchanges like Binance EU. BNP Paribas demonstrates a progressive stance on digital assets, allowing customers to freely engage in crypto transactions and the growing DeFi and Metaverse ecosystems. By adhering to regional regulations and avoiding off-shore exchanges, BNP Paribas customers can confidently explore the world of cryptocurrencies, while benefiting from the bank's extensive range of financial services.