How to Buy Crypto with Eurobank

How to Buy Crypto or Bitcoin with Eurobank

As outlined above, the best way to buy digital assets is through a European Securities and Markets Authority (ESMA) licensed exchange. With this method, Eurobank customers can deposit funds via a variety of methods including SEPA, Bank Transfer, Credit/Debit Card, Google Pay or Apple Pay. Based on our analysis, we recommend Uphold as the fastest, safest and easiest way to get started with a Eurobank account.

Here is a simple 4-step guide to buying crypto with Eurobank via Uphold.

1. Sign Up: Create an account on Uphold and complete your verification.
2. Connect Account: Connect your Eurobank account or card to Uphold by selecting the fiat currency you want to transfer on your dashboard.
3. Deposit Funds: You can then select the 'connect bank' button to link your Greek or European Bank account to Uphold.
4. Buy Crypto: Select the cryptocurrency you want to buy and execute your trade.

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What are the Fees to Buy Crypto?

Acquiring cryptocurrency through Eurobank can vary in cost based on the particular crypto exchange selected. Typical expenses may encompass deposit charges, transaction fees, and withdrawal costs. When moving funds from Eurobank to a licensed digital currency exchange, such as Uphold, fees related to bank transfers, debit cards, or credit cards may be encountered. Fortunately, Uphold offers free bank transfers and zero commissions on trades, making it the most cost-effective platform in Europe.

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Is Eurobank Crypto-Friendly?

Eurobank does not currently offer any products or services that allow its customers to buy and sell cryptocurrencies through its online e-banking platform. That said, Eurobank is a crypto-friendly bank in Europe and they do allow its customers to deposit Euros (EUR) from their account into a licensed digital asset trading platform.

Platforms like Uphold are registered in Europe and the UK and hold relevant licenses from the European regulatory authorities. Uphold is regarded to be one of the most secure exchanges globally as it has audited proof-of-reserves highlighting customer funds are held 1:1.

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About Eurobank

Eurobank is one of the largest banks in Greece and a financial services provider headquartered in Athens. The bank was founded in 1991 and offers a wide range of banking products and services including personal banking, business banking, loans, mortgages, investments, and more.

Eurobank has over 1,500 branches across Greece with over 4 million customers. The bank also has a growing international presence with subsidiaries in Bulgaria, Romania, Cyprus, Serbia, and Luxembourg. In 2019, Eurobank reported total assets of €93 billion.

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Final Thoughts

In conclusion, Eurobank does not provide direct cryptocurrency investment options through its e-banking platform, but it does support customers who wish to invest in digital assets by allowing transfers to licensed exchanges like Uphold. Uphold stands out for its regulatory compliance, security, and cost-effectiveness, offering free bank transfers and zero trading commissions.

To purchase cryptocurrencies using your Eurobank account, simply sign up with Uphold, connect your account or card, deposit funds, and execute your trade. While Eurobank itself may not offer cryptocurrency services, its support for platforms like Uphold enables customers to access the growing digital asset market confidently and securely.