Summary: Banco Provincia does not support cryptocurrency trading through its online platform for Argentinian investors. Alternative options are available, with the best method to invest in crypto being through a digital asset exchange. Selecting a platform that is transparent in its holdings is imperative to ensure asset security.
Our in-depth research revealed Bybit as the number one cryptocurrency exchange, beating out many regional rivals. It is one of the most secure platforms for buying, selling, and staking digital currencies, with over 400 tokens to trade. Additionally, Bybit provides regularly updated proof of reserves and assures investors of their assets' safety.
- Fast and free Argentine Peso (ARS) deposits from any Argentinian bank.
- Trade and stake over 400 cryptocurrencies with industry-leading fees starting at 0.1% per trade.
- Feature-rich platform with Staking, Derivatives Trading, Options Trading and more.
Can I Buy Bitcoin with Banco Provincia?
Banco Provincia customers cannot buy Bitcoin through the bank’s digital interface. They can only invest in crypto by joining a secure digital asset exchange in Argentina and transferring Argentinian Pesos (ARS) to the platform. Choosing an exchange known for stringent security measures is vital to prevent risks associated with personal data breaches and asset safety.
How to Buy Bitcoin and Crypto with Banco Provincia
The easiest way to buy or sell Bitcoin and other decentralized tokens is via a digital exchange like Bybit. It is a trusted platform that offers several ways to deposit ARS, including credit/debit cards, Bank Transfer, Lemon Cash and Mercadopago.
Begin investing in digital assets with the below four steps:
- Create an account on Bybit and verify your email/phone number.
- Click on ‘One-Click Buy’ and choose the payment method and currency.
- Type in the ARS amount you wish to deposit from your Banco Provincia account.
- Choose your desired token and click ‘Buy’.
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Is Banco Provincia Crypto-friendly?
Banco Provincia is one of the most crypto-friendly banks in South America, allowing its customers to invest in digital currencies through secure exchanges. There are no reports of the bank restricting transactions to crypto platforms, nor does it say anything about prohibition in its policy. If the digital exchange you have chosen is secure and trustworthy, you can deposit and withdraw money to your bank account.
What Is Banco Provincia?
Banco Provincia, formally known as Bank of the Province of Buenos Aires, is one of the largest banks in Argentina. Founded in 1884, it is headquartered in the country’s capital, Buenos Aires. The broad spectrum of the bank’s products and services includes retail banking, commercial banking, credit cards, finance, mortgage, and investments, provided through its network of over 2,000 branches.
Banco Provincia is a publicly-traded company listed on the Buenos Aires Stock Exchange (BCBA: BPV). Given its historical legacy, it is a strong pillar in the country’s financial sector. Moreover, it caters to a diverse clientele, ranging from high-level investors to small businesses.
Final Thoughts
To sum up, Banco Provincia does not offer its customers crypto assets but does not deter them from investing through a secure digital asset trading platform. Our crypto specialists found Bybit the best option for Banco Provincia customers as it offers free ARS deposits, low trading fees, a user-friendly interface, and both spot and futures trading. It is available in English and Spanish, offering a diverse and inclusive trading environment.
Co-Founder & former Investment Banker (Finance MBA) turned Full-Time analyst and Head of Research at Buy Bitcoin Bank. Left traditional finance to pursue my interest in digital assets and decentralized finance.
