How to Buy Crypto with Banco BPM

Can I Buy Bitcoin with Banco BPM?

Certainly, Banco BPM customers can buy and sell cryptocurrencies such as Bitcoin and Polygon on authorized digital asset investment platforms in Italy. It is vital to choose an exchange regulated by the Organismo Agenti e Mediatori (OAM) to ensure legal compliance and proper safeguarding of your tokens. Once your deposit has been transferred to the platform, you can begin trading in a range of digital currencies.

‍

How to Buy Crypto with Banco BPM

Banco BPM customers interested in venturing into the realm of digital assets can utilize reliable exchanges. We recommend eToro as the best choice due to its adherence to OAM regulations and a comprehensive variety of cryptocurrencies. The platform enables swift Euro deposits through various methods like credit cards, bank transfers, or SEPA transfers.

Here's a quick guide to start investing in digital currencies in Italy:

1. Create Account: Register an account on eToro and complete necessary identity verification steps.
2. Choose Currency: After clicking 'Deposit Funds,' select 'EUR' as your preferred currency.
3. Transfer Funds: Initiate a payment from your Banco BPM account using your preferred method.
4. Finalize Trade: Find the cryptocurrency you're interested in through the search function to complete your trade.

Banco BPM Cryptocurrency Policy

Banco BPM strives to foster financial innovation while strictly abiding by all relevant Italian regulations. Bank customers can explore digital assets through platforms compliant with the Organismo Agenti e Mediatori, like eToro, which operates under European licenses, including OAM in Italy and CySEC in Cyprus. The exchange's primary headquarters are in Germasogeia, Limassol, Cyprus.

‍

Digital Asset Investing Fees

It is important to be aware of the various costs involved before making any investments in digital assets. A summary of typical fees found on most trading platforms is provided below:

• Transaction Costs: Exchanges like eToro typically charge around 1% fee for buying or selling digital currency.
• Funding Fees: The cost of depositing money into your account varies based on the chosen payment method. Bank and SEPA transfers are generally cheaper than using credit or debit cards, which can result in fees above 2%.
• Withdrawal Fees: The cost to withdraw your assets varies depending on the cryptocurrency. For instance, most exchanges levy a fixed fee of 0.0005 BTC for Bitcoin withdrawals.

eToro presents a reliable option for Banco BPM customers because it is regulated by European financial authorities as well as local regulatory bodies. Additionally, it provides customers with a variety of digital tokens at prices that are competitive across the industry.

‍

What is Banco BPM?

Banco BPM is an Italian bank founded in 2017, following the merger of Banco Popolare and Banca Popolare di Milano (BPM). This positioned the bank as the third largest retail and corporate banking conglomerate in Italy as of 2016. The institution now offers a wide range of services, including retail banking, investment banking, corporate banking, and insurance through joint ventures.

Its operations cover several segments, such as loans, deposits, securities, insurance, and pension funds. The bank operates a widespread network of branches and ATMs across Italy. Additionally, it offers online and mobile banking services, reflecting the wider trend in the banking industry towards digital services.

Final Words

In summary, Banco BPM enables smooth transfers to compliant platforms like eToro, recommended for its diverse offerings, multiple EUR deposit options, and appealing fee structure. With over 30 million registered users worldwide, eToro's unique features, such as copy trading, a demo account, and professional technical analysis tools, make it a secure and attractive option for Italian investors.