Summary: BancoPosta assists its customers in exploring digital asset markets by enabling transfers to platforms that align with Italian financial guidelines. It's worth noting that the bank does not offer a cryptocurrency trading interface within its own services. Customers can instead safely transfer their funds to exchanges supervised by the OAM.

After an extensive review of leading exchanges, we believe eToro to be the most suitable one for BancoPosta customers. eToro offers a wide array of over 3,000 digital assets, stocks, ETFs, indices, and commodities, all at affordable rates. The platform allows instant Euro deposits through bank transfers and credit cards, among other options.

Table of Contents

Can I Buy Bitcoin with BancoPosta?

Certainly, BancoPosta customers can buy and trade cryptocurrencies such as Bitcoin and Arbitrum through credible digital asset investment platforms in Italy. It's essential to select an exchange regulated by the Organismo Agenti e Mediatori (OAM) to ensure legal compliance and protect your assets. After transferring your Euros to the platform, you can swap them for a wide variety of digital currencies.

How to Buy Crypto with BancoPosta

For those banking with BancoPosta and interested in digital asset investment, you can securely acquire cryptocurrencies through reliable exchanges. After careful consideration, we’ve chosen eToro as the top exchange due to its compliance with OAM regulations and wide range of investment options. The platform facilitates swift Euro deposits through multiple methods, such as bank or SEPA transfers and credit cards and low trading fees.

To begin your investment journey, follow these four straightforward steps:

  1. Create Account: Register for an eToro account and complete the necessary identity verification procedures.
  2. Select Currency: After clicking "Deposit Funds", choose "EUR" as your currency of choice.
  3. Initiate Transfer: Select a payment method and begin a transfer from your BancoPosta account.
  4. Complete Order: Use the search function to find the cryptocurrency you’re interested in and finalize your trade.
How to Buy Crypto with BancoPosta.
How to Buy Crypto with BancoPosta.

BancoPosta Cryptocurrency Policy

BancoPosta is dedicated to promoting financial innovation while strictly adhering to relevant regulations. The bank's customers can delve into the realm of digital assets by using platforms that comply with the Organismo Agenti e Mediatori (OAM). We recommend exploring eToro for your trading activities, which operates under numerous European licenses, including OAM in Italy and CySEC in Cyprus. Their main office is at 4 Profiti Ilia Street, Germasogeia, Limassol, Cyprus.

Digital Asset Investing Fees

If you are thinking about investing in digital assets, you should be aware of the various fees that may apply. An overview of typical fees on trading platforms is provided below:

  • Transaction Costs: When buying or selling a digital currency, platforms like eToro usually charge a fee, typically around 1% per transaction.
  • Funding Charges: The cost of depositing money into your account varies depending on the chosen payment method. Bank and SEPA transfers are generally more affordable, whereas credit or debit cards may incur fees upwards of 2%.
  • Withdrawal Expenses: The fee for withdrawing your assets is dependent on the specific cryptocurrency. Many platforms, for example, charge a fixed fee of 0.0005 BTC for Bitcoin withdrawals.

Supervised by European financial bodies and registered with local authorities, eToro stands out with its extensive range of digital assets at competitive prices, making it a reliable choice for BancoPosta clients.

What is BancoPosta?

BancoPosta is the financial arm of Poste Italiane, Italy's national postal service provider. Established to leverage the vast network of post offices across the country, it has become a significant player in the Italian banking landscape. The widespread reach of Poste Italiane, which includes thousands of post offices even in the most remote areas of Italy, has enabled the bank to offer its services to a broad spectrum of the population, including those in underserved regions. 

Beyond its physical branches, BancoPosta has also embraced digital changes, introducing online banking services and mobile apps to cater to the evolving needs of its customers. Its commitment to accessibility, combined with the backing of a trusted national brand, has solidified its reputation as a reliable and inclusive financial service provider in Italy.

BancoPosta: Home Page.
BancoPosta: Home Page.

Final Thoughts

To recap, BancoPosta enables smooth transfers to compliant platforms like eToro, which we recommend thanks to its diverse asset offerings and affordable fee structure. It provides access to over 3000 financial instruments and has unique features such as copy trading and instant EUR deposits. The platform also provides a demo account, which allows users to make ‘paper trades’ up to $100,000 of fake money so they can practise trading strategies with zero risk.