Summary: Banco Macro does not directly provide cryptocurrency investment services on its platform. Nevertheless, the bank's customers can invest in cryptocurrency by transferring their funds to a licensed crypto exchange platform regulated by the Financial Information Unit (UIF) of Argentina.
After an extensive review of the most trustworthy exchanges available to Banco Macro customers, we determined that Bybit is the best choice. Bybit offers cheap and instant ARS deposits to trade an extensive range of cryptocurrencies with low fees starting from 0.1%. Besides trading, it also offers lending and borrowing services, numerous staking options, and more.
- Free and cheap Argentine Peso (ARS) deposits from Banco Macro
- Trade 400+ Cryptocurrencies & stake, borrow and lend 200+ tokens
- Trusted and globally regulated platform with over 10 million users
Can I Buy Bitcoin with Banco Macro?
Yes, Banco Macro customers can exchange their Argentine Pesos (ARS) directly into digital assets such as Bitcoin or Ethereum through a recognized cryptocurrency trading platform in Latin America. It's crucial to utilize an exchange that is under the supervision of the Financial Information Unit (UIF) of Argentina or the Superintendency of Financial and Exchange Entities (SUPERFIN) for crypto asset protection.
How to Buy Bitcoin and Crypto with Banco Macro
Banco Macro has made investing in Bitcoin and other cryptocurrencies accessible and secure by authorizing their clients' transfers of Argentine pesos to a licensed digital asset exchange. Bybit is the optimal selection for Banco Macro clients as it facilitates free and immediate ARS deposits via Bank Transfer, Credit/Debit Card, Mercado Pago, or other local payment methods.
Investors can purchase crypto by following this straightforward guide:
- Register for a free account on Bybit and complete the verification process.
- Click on 'Buy Crypto' and choose a preferred payment method.
- Select 'ARS' as your currency and choose the type of cryptocurrency you wish to buy.
- Specify the amount you intend to invest and hit 'Buy'.
Banco Macro Cryptocurrency Policy
The stance of Banco Macro regarding digital asset trading isn't distinctly defined. Nonetheless, the Central Bank of Argentina (BCRA) has issued numerous warnings concerning the inherent risks linked with investing in cryptocurrencies. The BCRA emphasizes that these digital currencies are not recognized as legal tender in Argentina and do not fall under the regulation or jurisdiction of any governmental authority within the country.
Despite this, Banco Macro permits its clients to transfer funds to regulated and authorized trading platforms within Argentina. This suggests that you shouldn't face any hindrances when depositing ARS into exchanges to buy, sell, or trade digital assets such as Bitcoin, Ethereum, or USDT.
About Banco Macro
Banco Macro is one of the largest private sector banks in Argentina. Established in the 1960s, it was originally set up as a non-banking financial institution and started operating as a bank in the 1980s.
Banco Macro provides a wide array of financial products and services to individuals, small and medium-sized enterprises (SMEs), and large corporations. Its offerings include traditional banking products such as deposits, loans, credit and debit cards, as well as more advanced services like investment banking, asset management, and insurance.
Final Thoughts
In conclusion, Banco Macro customers can indeed buy Bitcoin and other cryptocurrencies by transferring their Argentine Pesos (ARS) to a regulated and licensed digital asset exchange, such as Bybit. Despite the lack of clear digital asset trading guidelines from Banco Macro, the bank permits such transfers, allowing its customers to engage in cryptocurrency transactions.
However, it's crucial to note the Central Bank of Argentina's warnings regarding the risks involved in digital asset trading and the fact that cryptocurrencies are not recognized as legal tender in the country. Always exercise due diligence and caution when dealing with cryptocurrencies.
Andrew Chen is a lead editor and auditor of content for Buy Bitcoin Bank, with a Masters of Computer Science and extensive knowledge in cryptocurrency and blockchain technology. He has helped ensure the accuracy and quality of the platform's educational resources for new and experienced investors in the crypto space.
