Crypto Banks
How to buy Crypto or Bitcoin with Banco Nacion

How to buy Crypto or Bitcoin with Banco Nacion

Adrian Graham
Fact Checked
Aug 9, 2022

Summary: Banco Nacion does not directly offer cryptocurrency investing through Homebanking online platform. This means you cannot sign into your home banking account and buy cryptos like Bitcoin or Ethereum directly with Argentine Peso (ARS).

Customers of Banco Nacion will need to sign up to a licensed digital asset exchange in Argentina and deposit ARS if they want to buy cryptocurrencies. We recommend a platform like eToro because they are regulated and offer fast deposits from Banco Nacion Home Banking.

Table of Contents

Platform Highlights

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 eToro platform in Argentina.  eToro is a regulated 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. Create an account: Sign up to the eToro trading platform and verify your identity.
  2. Deposit Fiat: Select the 'Deposit Funds' button at the bottom of your screen and deposit EUR via Bank Transfer, Credit Card/Debit Card, PayPal, or Skrill.
  3. Find your Asset: Select the 'Discover' page and find the crypto asset you want to buy.
  4. Execute your trade: Input the fiat amount of crypto tokens you want to buy and execute the order.
Buy Crypto Banco Nacion

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.

Banco Nacion has also been very supportive of blockchain technology and was one of the first banks in Argentina to start using it. In 2016, they launched a blockchain-based platform called “BaNeL” (Blockchain Argentino) which allows different banks in the country to securely share information.

So even though Banco Nacion doesn’t currently offer any crypto-related products or services, they are definitely a bank that is friendly toward cryptocurrencies and blockchain technology.

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

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.

Adrian Graham

Co-Founder & former banker turned Full-Time DeFi analyst and researcher. Left traditional finance to pursue my interest in digital assets and decentralized finance.

View Posts