How to Buy Crypto with Banco Sabadell

Can I Buy Bitcoin or Crypto with Sabadell?

No, currently Banco Sabadell does not allow its clients to buy cryptocurrencies through their online banking app. However, this could change in the future as the bank is reportedly considering allowing its clients to invest in Bitcoin and Ethereum directly through their platform.

The only way for Banco Sabadell customers to buy crypto is through a European Securities and Markets Authority (ESMA) licensed cryptocurrency exchange. With this method, customers can withdraw Euros (EUR) from their Sabadell account via bank transfer or debit card to buy and sell crypto assets through a licensed broker.

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How to Buy Crypto with Sabadell

The best way to buy Cryptocurrencies through a Banco Sabadell online banking account is with a licensed trading platform like Uphold. They offer fast and free Euro (EUR) deposits from Sabadell to buy and sell over 250 crypto assets with low fees and tight spreads. They are also one of the only exchanges with an audited proof-of-reserves highlighting customer assets are always backed 1:1.

You can get started in minutes with 4 simple steps:

1. Sign Up: Create an account on Uphold and complete your verification (personal or company).
2. Connect Account: Connect your Sabadell Bank account to Uphold to deposit Euros (EUR).
3. Deposit Funds: After selecting "My banks" you can select the amount of EUR to deposit and complete the transfer.
4. Buy Crypto: The final step is to find the cryptocurrency you want to buy and execute your trade.

Banco Sabadell Cryptocurrency Policy

Our review of Banco Sabadell's cryptocurrency policy found that they are friendly towards digital assets. This is because the bank allows customers to freely deposit and transfer funds into licensed and regulated cryptocurrency exchanges to buy and sell crypto assets.

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What are the Fees to Buy Crypto?

The fees to invest in crypto assets with Banco Sabadell will vary depending on the exchange you use. Based on our analysis of the top trading platforms in Spain, we found that Uphold offered the lowest fees to deposit and trade cryptocurrencies on their exchange. Uphold currently charges zero deposit fees and a small 0.5% fee charged in the spread.

This is significantly cheaper than popular alternatives we tested like eToro and Coinbase that charge fees in excess of 1% to deposit and trade.

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About Banco Sabadell

Banco Sabadell is a leading bank in Spain with more than 140 years of experience. The bank offers a wide range of products and services for individuals, businesses and institutions. Banco Sabadell has a strong presence in the Spanish market with more than 3,700 branches. The bank also has a significant international presence, particularly in Latin America.

Final Thoughts

To sum up, Banco Sabadell does not offer any direct methods for buying or selling cryptocurrencies through its online banking platform. However, customers can link their Sabadell bank account to licensed cryptocurrency trading platforms like Uphold EU to buy and sell over 250 cryptocurrencies with low fees and instant Euro deposits.