Banco BPM does not directly offer cryptocurrency investing services for its clients and Italy and throughout Europe. However, there are a few ways to work around this.
If you’re looking to invest in cryptocurrency with Banco BPM, the best way to do so is through a broker that offers crypto investing services. Once you’ve found a broker that offers crypto investing services, you’ll need to open an account with them and deposit some funds. Once your account is funded, you’ll be able to buy and sell cryptocurrencies as you please.
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Best Exchange to buy Crypto with Banco BPM
The best way to buy cryptocurrencies in Italy through your Banco BPM account is with a European Securities and Markets Authority (ESMA) licensed digital asset exchange. We recommend a platform like eToro because they are regulated, offer over 70 cryptos and 7,000 others assets, and have fast EUR deposits for Banco BPM account holders.
You can get started buying digital assets with Banco BPM in 4 easy steps:
- Create an account: Sign up to the eToro trading platform.
- Deposit funds: Select the 'Deposit Funds' button on the bottom of your screen to deposit EUR or CHF with Postfinance.
- Find your Crypto: Once the fiat hits your account, find the Crypto you want to buy on the eToro platform with their 'Discover' tab.
- Execute your trade: Input the fiat amount you want to invest and execute your trade.
Is Banco BPM Crypto Friendly?
Banco BPM has a crypto-friendly stance when it comes to allowing its clients to invest in digital assets. They allow customers to deposit and withdraw fiat from licensed digital asset trading platforms in Europe.
That said, Banco BPM may freeze customer accounts if clients are withdrawing funds into off-shore and unregulated trading platforms.
What Other Services Does Banco BPM Offer?
Banco BPM offers a variety of services for their clients, including: savings accounts, loans, mortgages, and investment products. They are one of the largest banks in Italy and have over 3,000 branches nationwide.
Overall, Banco BPM is a great choice for those who are looking for a full-service bank in Italy. If you’re looking to invest in cryptocurrencies, however, you’ll need to use a broker that offers crypto investing services.
About Banco BPM
Banco BPM is an Italian bank created on 1 January 2017 from the merger of two cooperative banks, Banco Popolare and Banca Popolare di Milano. The bank is one of the leading banking groups in Italy with nearly 3,000 branches across the country.
The bank offers its customers a wide range of services including banking, asset management, insurance, and financial planning. Banco BPM also has a strong presence in the corporate banking sector and provides financing, treasury, and leasing services to businesses.
In addition to its retail and commercial banking operations, Banco BPM also has a number of subsidiaries that provide specialized financial services. These include Mediobanca, a leading investment bank in Italy; Banca Aletti, a private bank; and Banca Leonardo, an asset management company. Banco BPM is listed on the Milan Stock Exchange and is a member of the FTSE MIB index. The bank's headquarters are located in Milan, Italy.