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How to buy Crypto with Banco Provincia

How to buy Crypto with Banco Provincia

Adrian Graham
Fact Checked
Aug 1, 2022

Summary: Banco Provincia does not directly support cryptocurrency trading for Argentinian investors through its online banking platform.  However, there are still ways to buy crypto using this bank.

Customers can make a Bank Transfer to an exchange that does accept Banco Provincia deposits. We recommend eToro because they offer fast and cheap bank deposits to trade over 70 crypto assets and thousands of Stocks, ETFs and more with low fees.

Table of Contents

Platform Highlights

Can I buy Cryptocurrency with Banco Pronvicia?

Unfortunately, Banco Provincia does not currently allow for the direct purchase of cryptocurrency through its online banking platform. This is because the bank does not have the necessary infrastructure to support digital asset custody or trading through any of its products or services.

How to buy Crypto with Banco Provincia online

Investors in Argentina looking to buy cryptocurrency with Banco Provincia can do so by making a bank transfer to an exchange that does support deposits from this bank. One such exchange is eToro. They are a leading global investment platform that offers a wide array of assets to trade, including over 70 different cryptocurrencies as well as stocks, ETFs, commodities, and more.

What’s more, eToro offers some of the most competitive rates in the industry when it comes to trading fees. For example, crypto-to-crypto trades are only charged at 0.75% while fiat-to-crypto trades are charged at a maximum of 1.90%. Lastly, eToro also offers fast and cheap bank deposits, with Banco Provincia deposits being processed in as little as 1-2 days and costing just $0.30 per deposit.

To get started buying cryptocurrency on eToro, simply follow these steps:

  1. Create an account: Sign up to the eToro platform and verify your identity in Argentina.
  2. Fund your account: Select the 'Deposit Funds' button on the bottom of your screen to deposit Argentine Peso (ARS) from Banco Provincia or an alternative method.
  3. Find Crypto: Once the funds hit your account, find the Crypto you want to buy on the eToro platform with their 'Discover' tab.
  4. Execute your trade: Input the fiat amount you want to buy and execute your trade.
eToro buy Crypto

Is Banco Provincia Crypto Friendly?

Banco Provincia is a crypto-friendly bank that freely allows its customers to deposit and withdraw funds into a licensed cryptocurrency exchange. This means that Argentinian digital asset investors will need to find a platform like eToro that is licensed by the BCRA (Central Bank of the Argentine Republic) to buy and sell crypto.

What is Banco Provincia?

Banco Provincia is one of the largest banks in Argentina. It was founded in 1884 and is headquartered in Buenos Aires. The bank has over 2,000 branches across the country and offers a wide range of banking products and services to its customers. These include savings and checking accounts, loans, credit cards, investment products, and more.

Banco Provincia is a publicly-traded company and is listed on the Buenos Aires Stock Exchange. The bank has a strong presence in Argentina's financial sector and is one of the country's leading banks.

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.

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