Summary: 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 are looking to invest in cryptocurrency with a Banco BPM account, the best way to do so is through a licensed broker that offers crypto investing services.
Our top pick for investors in Italy is Uphold because they offer instant and free bank transfers from Italian and European Banks to trade over 200 cryptocurrencies with low fees. They are also one of the only exchanges in Europe with audited proof-of-reserves highlighting that customer funds are always backed 1:1.
Best Crypto Exchange for Banco BPM
- Trade 210+ Cryptos with Fast and Cheap Euro (EUR) deposits from Banco BPM.
- Regulated in Italy & Europe and has audited Proof-of-Reserves for customer funds.
- Offers multiple asset classes including Crypto (and Crypto Staking), Stocks, ETFs, Metals, Currencies and more.
How 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 Uphold because they are regulated, offer over 200 cryptos and hundreds of other 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:
- Sign Up: Create an account on Uphold and complete your verification (personal or company).
- Connect Account: Connect your Banco BPM account to Uphold to deposit Euros (EUR).
- Deposit Funds: After selecting "My banks" you can select the amount of EUR to deposit and complete the transfer.
- Buy Crypto: The final step is to find the cryptocurrency you want to buy 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.
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.
While Banco BPM does not offer direct cryptocurrency investing services, the bank maintains a crypto-friendly approach for its clients in Italy and Europe. To invest in cryptocurrencies with a Banco BPM account, we recommend using Uphold, a regulated and secure digital asset exchange that offers instant and free bank transfers, a wide range of cryptocurrencies, and audited proof-of-reserves.
Full-time writer and cryptocurrency newbie! Learning about NFTs, DeFi and GameFi with my research and writing for BuyBitcoinBank.