Summary: Banco Sabadell does not currently facilitate direct cryptocurrency investments through its digital banking platform. Individuals intrigued by crypto investing must initially register with a platform authorized by the Bank of Spain, and subsequently transfer Euros (EUR) for transaction purposes.
Bitpanda emerges as a preferred choice, considering its prompt and fee-free Euro transfers from Banco Sabadell accounts. Holding a VASP license issued by the Bank of Spain, Bitpanda extends access to a broad range of over 3,000 cryptos, stocks, ETFs, and other tradeable assets at competitive rates and spreads. Furthermore, Bitpanda's unique crypto staking feature offers investors the opportunity to earn interest from their investments.
- Fast and free Euro (EUR) deposits from Banco Sabadell via SEPA, Credit Card, Debit Card and more.
- Trade 3,000+ crypto assets, stocks, ETFs and more in one platform.
- Offers crypto staking with up to 25% APY in rewards.
Can I Buy Bitcoin with Banco Sabadell?
At present, Banco Sabadell doesn't offer crypto purchases via their online banking app, though future plans may include Bitcoin and Ethereum investments directly on their platform. Currently, Sabadell clients can only buy crypto via an ESMA licensed cryptocurrency exchange in Spain, using Euros withdrawn from their Sabadell account through bank transfer or debit card.
How to Buy Bitcoin and Crypto with Sabadell
To buy Bitcoin and other cryptocurrencies through Banco Sabadell, we suggest utilizing Bitpanda. This Austrian-based exchange integrates smoothly with Banco Sabadell accounts. Customers can fund their accounts via multiple methods, including bank transfers (SEPA), credit card, and more. Providing access to an array of over 3,000 assets encompassing cryptos, stocks, and ETFs, Bitpanda is a trustworthy platform, authorized by the Banco de España.
Follow this simple guide to start investing:
- Enroll with Bitpanda and validate your identity.
- Tap the 'Deposit' option to transfer Euros (EUR) from your Banco Sabadell account.
- Choose the deposit method (e.g. SEPA) and specify the amount you intend to transfer.
- Once your account is funded, identify the cryptocurrency you're interested in purchasing and complete your transaction.
Banco Sabadell Cryptocurrency Policy
Banco Sabadell, a premier financial entity in Spain, has a balanced and forward-thinking approach to cryptocurrencies. It permits its customers to delve into digital assets via cryptocurrency intermediaries that hold licenses from the Bank of Spain or corresponding European regulatory bodies such as FMA or ESMA.
By having access to Bitcoin and cryptocurrencies, investors can safely navigate traditional banking risks, while concurrently diversifying their portfolios with Bitcoin and a diverse array of other digital currencies.
About Banco Sabadell
Banco Sabadell is a Spanish multinational financial services company headquartered in Alicante, Spain. It is one of the largest banking groups in Spain, and it also operates in more than 20 countries.
Founded in 1881 in Sabadell, Spain, the bank was originally aimed at financing local industries, but it has since expanded its services to cater to both individuals and businesses. It offers a wide range of services including retail banking, asset management, private banking, and investment banking.
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Final Thoughts
In conclusion, while Banco Sabadell currently doesn't support direct cryptocurrency purchases, they foster a progressive approach towards digital asset investing. Customers can navigate this landscape by leveraging trusted platforms like Bitpanda, an authorized platform under the Bank of Spain.
With Bitpanda, Banco Sabadell clients can effortlessly transfer funds, choose from a wide spectrum of over 3,000 assets, including cryptocurrencies, and even earn interest through crypto staking. By bridging traditional banking with digital assets, Banco Sabadell ensures their clients can diversify their investments securely and effectively.
I fell into crypto during the 2017 mania and have been around ever-since. I now write, research and publish my own reports on the digital asset ecosystem.
