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How to Buy Crypto with Banco Nacion

How to Buy Crypto with Banco Nacion

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March 7, 2023
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Summary: Banco Nacion's Homebanking online platform does not allow users to invest directly in cryptocurrencies such as Bitcoin or Ethereum with Argentine Peso (ARS). This means that customers of Banco Nacion will need to use a licensed digital asset exchange in Argentina and deposit ARS if they wish to purchase cryptocurrencies. Bybit is a recommended platform because it offers free and fast deposits from Banco Nacion to trade over 350 crypto assets.

Table of Contents

Best Crypto Exchange for Banco Nacion

Platform Highlights

  • Free ARS deposits from Banco Nacion via Banco Brubank, Uala, Mercadopago & more.
  • Buy, sell and trade 400+ Cryptocurrencies for low fees via Spot & Futures trading.
  • Non-KYC exchange with audited proof-of-reserves that show customer funds are backed 1:1.
Bybit - Banco Nacion
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Audited Proof of Reserves
Audited Proof of Reserves

Can I buy Crypto with Banco Nacion Home Banking?

As mentioned above, Banco Nacion does not offer any investment products or services for cryptocurrencies like BTC, ETH or Solana. This is because their Home Banking platform does not support the necessary infrastructure to facilitate digital asset trading or custody. Customers also cannot custody or store their crypto with Banco Nacion through their secure vaults.

How to buy Crypto with Banco Nacion online

The best way to invest in cryptocurrencies with a Banco Nacion account is with the Bybit platform in Argentina.  Bybit is a secure exchange with Banco Central de la República Argentina, or “BCRA” (Central Bank of Argentina) that allows you to buy, sell and trade a range over 70 cryptocurrencies with ARS. You can get started with this simple guide:

  1. Sign up to Bybit with your email address and create a password.
  2. Tap 'Buy Crypto', then 'One-Click Buy' and select 'ARS as your currency.
  3. Select a method and the cryptocurrency you want to purchase.
  4. Enter the amount you want to purchase and tap the 'Buy' button.
‍How to buy Crypto with Banco Nacion online.
How to buy Crypto with Banco Nacion online.

Is Banco Nacion Crypto-Friendly?

Interestingly, Banco Nacion is one of the most crypto-friendly banks in Argentina. In 2018, they were the first bank in the country to allow their customers to buy Bitcoin with a credit card. The idea behind this was to help people who were struggling with high inflation rates in Argentina. By allowing their customers to buy Bitcoin, Banco Nacion was essentially giving them a way to hedge against inflation.

Overall, Banco Nacion have a progressive policy toward cryptocurrencies and allow their customer to freely deposit and withdraw funds to and from exchanges.

About Banco Nacion

Banco Nacion is one of the largest banks in Argentina. The bank has more than 3,000 branches and 5 million customers. The bank offers a wide range of products and services including personal and business banking, investment banking, and insurance. Banco Nacion has a strong focus on customer service and provides 24-hour telephone support. The bank also offers online banking and mobile banking services.

Banco Nacion was founded in 1891 and is headquartered in Buenos Aires. The bank has a long history of serving the people of Argentina and has played an important role in the country's economic development. Banco Nacion is a member of the Inter-American Development Bank and the World Bank Group.

Banco Nacion Homebanking
Banco Nacion Homebanking.

Final Thoughts

In summary, Banco Nacion's Homebanking platform does not offer any cryptocurrency investing services, which means users cannot buy Bitcoin or Ethereum directly with Argentine Peso (ARS). However, customers can use licensed digital asset exchanges in Argentina to buy cryptocurrencies, and Bybit is one of the recommended platforms as it offers free and fast deposits from Banco Nacion. Banco Nacion is one of the most crypto-friendly banks in Argentina and has been supportive of blockchain technology, which bodes well for the future.

Adrian Graham

Co-Founder & former Investment Banker (Finance MBA) turned Full-Time DeFi analyst and researcher. Left traditional finance to pursue my interest in digital assets and decentralized finance.

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