How to Buy Bitcoin or Crypto with Banco Do Brasil
As mentioned above, the best platform to buy and sell cryptocurrencies with Brazilian Real (BRL) from your BB Bank account is the eToro exchange. They are a regulated platform by the Securities and Exchange Commission of Brazil (CVM) to provide crypto brokerage services for investors in the country.
You can get started with our simple 4-step guide below:
- Sign up to the eToro trading platform.
- Select the 'Deposit Funds' button at the bottom of your eToro dashboard.
- Select 'Bank Transfer' to connect your Banco Do Brasil account and deposit funds. You can transfer via bank transfer, debit card or credit card.
- Once the money lands in your account, you can buy or sell any asset listed on the platform.
Is Banco Do Brasil Crypto-Friendly?
Yes, Banco do Brasil is crypto-friendly. Their platform allows customers to buy and sell Bitcoin and other digital assets from licensed and regulated brokers. You can also use their platform to store your digital assets in a secure wallet if you are an institutional investor. Banco do Brasil is one of the largest banks in Brazil and is one of the few banks that offer this service.
Will BB Bank App offer Cryptos?
At this time, Banco do Brasil does not offer cryptos. However, the bank has been exploring the possibility of offering such services in the future. In October of 20202, Banco do Brasil partnered with blockchain startup Mercado Bitcoin to develop a platform that would allow the bank to offer cryptocurrency services. The project is still in development, and it is not clear when or if Banco do Brasil will offer crypto services to its customers.
About Banco Do Brasil
Banco do Brasil (BB) is the largest bank in Brazil and one of the largest banks in Latin America. The bank was founded in 1808, making it the oldest bank in continuous operation in Brazil and one of the oldest banks in continuous operation in the world.
BB provides a wide range of banking products and services to its more than 102 million clients, including individuals, small and medium-sized enterprises, large companies, and government agencies. The bank has a network of over 5,000 branches and 12,500 ATMs in Brazil.
BB has a strong presence in the wholesale banking market in Brazil, providing financing solutions to large Brazilian companies. The bank is also active in the capital markets, providing a range of investment banking products and services. BB is listed on the Sao Paulo Stock Exchange (Bovespa) and has a market capitalization of over R$100 billion (US$50 billion). The bank's major shareholders include the Brazilian government, which holds a controlling stake of approximately 62%, and foreign institutional investors.