Summary: Banca Sella assists its customers in entering the digital asset market by enabling transactions with platforms that adhere to Italian financial regulations. Although the bank doesn't have direct cryptocurrency trading capabilities, it does allow investors to securely transfer their funds to exchanges supervised by the OAM.
After thorough consideration of leading exchanges, we recommend eToro as an excellent choice for Banca Sella customers. eToro provides access to a vast selection of more than 3,000 cryptocurrencies, stocks, and ETFs at competitive rates. The platform accepts Euro deposits through various methods, such as bank or SEPA transfers and credit cards.
- Organismo Agenti e Mediatori (OAM) registered broker with over 30 million users.
- Buy, sell and trade over 3,000 Cryptocurrencies, Stocks, ETFs and more.
- Instant EUR deposits from Banca Sella via bank transfer, debit card 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 Banca Sella?
Certainly, Banca Sella account holders can purchase and trade tokens like Bitcoin and Polygon on reputable digital asset investment platforms in Italy. Finding an exchange regulated by Organismo Agenti e Mediatori (OAM) is important for maintaining legal compliance and safeguarding your investments. After transferring your Euros to the platform, they can be used to acquire and trade a broad range of cryptocurrencies.
How to Buy Crypto with Banca Sella
The best method for Banca Sella customers interested in digital assets is sending Euros to trusted crypto exchanges. We've identified eToro as the most suitable option thanks to its commitment to OAM regulations and diverse investment options. It enables swift Euro deposits through multiple channels, including bank or SEPA transfers, Skrill, PayPal, Neteller and credit cards.
Embark on your cryptocurrency investing journey by following these steps:
- Create Account: Register for an eToro account and fulfill the required identity verification procedures.
- Select Currency: After clicking "Deposit Funds", select "EUR" as your preferred currency.
- Initiate Transfer: Choose a payment method and begin a transfer from your Banca Sella account.
- Complete Order: Use the search function to find your chosen asset and finalize your transaction.
Banca Sella Cryptocurrency Policy
Banca Sella is dedicated to driving financial innovation while closely adhering to all applicable laws. Its traders can delve into the world of digital assets by utilizing platforms that comply with the Organismo Agenti e Mediatori (OAM). We suggest eToro for your trading activities, as it operates under multiple European licenses, including OAM in Italy and CySEC in Cyprus. Their main office is situated at 4 Profiti Ilia Street, Germasogeia, Limassol, Cyprus.
Digital Asset Investing Fees
Understanding the fees involved in buying cryptocurrency is important for making informed decisions. Below is a quick overview of the typical costs incurred when using a digital currency exchange:
- Transaction Costs: A fee of around 1% per trade is typically imposed when purchasing or selling a digital currency on platforms like eToro.
- Funding Charges: The cost of depositing money into your account differs based on the selected payment method. Bank and SEPA transfers are generally less costly, whereas credit or debit cards can incur fees upwards of 2%.
- Withdrawal Expenses: The fee for withdrawing your assets depends on the specific cryptocurrency. Numerous platforms, for instance, impose a set rate of 0.0005 BTC for Bitcoin.
eToro has gained a positive reputation among Banca Sella traders due to its extensive selection of digital assets offered at competitive prices. It is registered with local authorities and subject to regulation by European financial institutions, such as the OAM.
What is Banca Sella?
Banca Sella is an Italian banking institution with a rich history that dates back to its founding in 1886. Headquartered in Biella, Italy, the bank has evolved to offer a comprehensive range of financial services, including retail and corporate banking and wealth management. It is known for its commitment to innovation and has been an early adopter of digital banking solutions, providing its customers with a seamless online experience.
The bank's reputation for customer service and financial stability has made it a trusted choice for both individual and corporate clients. It has a focus on sustainable growth and community engagement and continues to be a key player in Italy's financial landscape.
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Final Thoughts
To sum up, Banca Sella makes it easy to invest in cryptocurrency by approving transfers to compliant platforms like eToro. We recommend this exchange for its extensive asset offering, competitive fees, instant EUR deposits, live Italian-speaking customer support, and simple interface. Additionally, it offers a demo account that allows users to practice trading strategies with up to $100,000 with practice money, essentially eliminating any risk.
Co-Founder & former Investment Banker (Finance MBA) turned Full-Time analyst and Head of Research at Buy Bitcoin Bank. Left traditional finance to pursue my interest in digital assets and decentralized finance.
