Is CheBanca Crypto-Friendly?
Yes, CheBanca is a crypto-friendly bank in Italy that allows its customers to invest in digital assets through brokerage platforms that are licensed by the European Securities and Markets Authority (ESMA). With this method, customers can safely transfer funds via SEPA bank transfer, debit card or credit card from CheBanca to safely invest in crypto assets.
How to Buy Bitcoin and Crypto with CheBanca
As mentioned above, the best way to invest in cryptocurrencies with CheBanca in Italy is with an ESMA-licensed exchange like eToro. They offer instant Euro transfers from the CheBanca online banking app to trade over 8,000 crypto assets, stocks, commodities, ETFs, currencies and much more for low commissions.
You can get started in 4 simple steps:
- Create an account by signing up on the eToro platform and completing your ID verification.
- Deposit funds by clicking on 'Deposit Funds' and deposit Euros from your CheBanca account.
- Buy Crypto by searching for the cryptocurrency you want to buy in the search bar at the top.
- Open your trade by entering the amount of EUR you want to spend and select 'Open Trade' to buy.
Fees to Invest in Digital Assets
The fees to invest in digital assets using CheBanca and an online broker like eToro are very cheap. Deposits from CheBanca are free and there is no commission to buy or sell cryptocurrencies, stocks, commodities and other assets on the eToro platform.
The only fees that may apply are the spread, which is the difference between the buy and sell prices of an asset, and overnight fees for holding leveraged positions overnight. These fees are very low compared to other brokerages and stock exchanges like Coinbase.
CheBanca! is an Italian bank founded in 2007. The bank is headquartered in Milan and is a subsidiary of the Mediobanca group. CheBanca offers a range of banking products and services including loans, mortgages, savings accounts, credit cards, and investment products.
CheBanca has a network of over 500 branches across Italy and also offers banking services online and through its mobile app. The bank has won several awards for its innovative approach to banking including the “Best Digital Bank in Italy” award from Euromoney in 2017. If you are looking for a bank that offers convenient and modern banking services, then CheBanca could be the right bank for you.