How to Buy Bitcoin and Crypto with Bancoposta
As mentioned above, the best way to invest in cryptocurrencies with Bancoposta is by transferring funds into an exchange that is regulated in Europe by the European Securities and Markets Authority (ESMA). We recommend eToro because they are licensed and allow fast and cheap deposits from Bancoposta with a bank transfer, debit card or credit card.
You can get started in minutes with the simple 4 step guide below:
- Create account: Sign up to eToro and verify your identity.
- Fund your account: Select the 'Deposit Funds' button to deposit Euros (EUR) from Bancoposta or an alternative method.
- Find Crypto: Once the funds hit your account, find the Crypto you want to buy on the eToro platform with their 'Discover' tab.
- Execute your trade: Input the fiat amount you want to buy and execute your trade.
Fees to Invest in Crypto
The fees to invest in cryptocurrencies with Bancoposta will vary depending on what exchange or service you use. For example, eToro only charges a spread on each cryptocurrency asset that you buy. The spread is the difference between the buy and sell price of an asset and goes to the broker for facilitating your transaction.
It is important to compare the fees charged by different exchanges before deciding where to buy your crypto. eToro is our top pick because their fees are typically lower than popular alternatives like Coinbase, Bitpanda and Kraken.
Is Bancoposta Crypto-Friendly?
Bancoposta is a popular crypto-friendly bank in Italy that offers its clients a number of advantages. One of the main reasons why Bancoposta is so popular among cryptocurrency users is that it allows users to deposit and withdraw funds into regulated and licensed crypto exchanges in Italy and Europe.
This is a big advantage for those who want to trade cryptocurrencies, as they can do so without having to worry about the legal implications, or the bank potentially freezing accounts.
Bancoposta is a system of banking services offered by Poste Italiane S.p.A. in Italy. It includes current accounts, savings accounts, credit cards, and loans; all of which can be accessed through online banking, mobile banking, and ATM machines nationwide. The Bancoposta brand was created in 1990, and Poste Italiane has been the primary shareholder since 1999.
Bancoposta offers a wide range of banking services to individuals and businesses. Current accounts can be opened in Euros or US Dollars, and there are no monthly maintenance fees. Savings accounts earn interest at variable rates, and there is a minimum balance requirement of €500. Credit cards are available with either a Visa or Mastercard logo, and come with a variety of perks such as cash back and travel insurance. Loans can be taken out for personal or business purposes, and come with competitive interest rates.
The bank also offers a number of other financial services, such as investment products, foreign exchange, and money transfers. Poste Italiane has a nationwide network of over 11,000 branches, and Bancoposta services are available in all of them. Customers can also access their accounts via online banking or mobile banking, and there are ATMs located throughout Italy that accept Bancoposta cards.
Bancoposta is a convenient and affordable way to manage your finances in Italy. Whether you're looking for a current account, savings account, credit card, or loan, Bancoposta has a solution that's right for you.