Crypto Banks
How to Buy Crypto with Fineco Bank

How to Buy Crypto with Fineco Bank

Fact Checked
March 18, 2023
Our Promise

Our mission at Buy Bitcoin Bank is to help you make informed decisions. While we adhere to strict editorial integrity, some posts may feature partner products. Here's how we make money.

Summary: Fineco does not offer any products or services that enable its customers to buy cryptocurrencies like Bitcoin and Ethereum directly through its online banking platform. That said, they do allow account holders to transfer funds into regulated crypto exchanges to invest in the asset class.

We recommend the Uphold exchange because they are licensed by CONSOB in Italy and offer fast and cheap deposits from Fineco to invest in over 200 cryptocurrencies. They are also the only exchange in Europe to provide audited proof-of-reserves updated daily highlighting that customer deposits are always fully backed.

Table of Contents

Best Crypto Exchange for Fineco Bank

Platform Highlights

  • Trade 210+ Cryptos with Fast and Cheap Euro (EUR) deposits from Fineco Bank.
  • Regulated in Italy & Europe and has audited Proof-of-Reserves for customer funds.
  • Offers multiple asset classes including Crypto (and Crypto Staking), Stocks, ETFs, Metals, Currencies and more.
Uphold - Fineco Bank
Visit Site
Audited Proof of Reserves
Audited Proof of Reserves

How to Buy Crypto or Bitcoin with Fineco

As outlined above, the easiest way to invest in cryptocurrencies from a Fineco Bank account is with the Uphold EU exchange. They offer fast and cheap EUR deposits from Fineco accounts to trade over 200 cryptocurrencies to buy and stake with low fees and tight spreads. Their platform is secure and a regulated entity in Europe by the Financial Conduct Authority (FCA).

You can get started via Fineco Bank with this simple guide:

  1. Sign Up: Create an account on Uphold and complete your verification (personal or company).
  2. Connect Account: Select the currency you want deposit on the Uphold Platform (EUR +30 more).
  3. Deposit Funds: Connect your Easybank account to quickly deposit fiat currency.
  4. Buy Crypto: The final step is to find the crypto you want to buy and execute your trade.
Buy Crypto with a Fineco Account.
Buy Crypto with a Fineco Account.

Is Fineco Crypto-Friendly?

Yes, Fineco is a crypto-friendly bank that allows its customers to use digital asset exchanges that are licensed by the Commissione Nazionale per le Società e la Borsa (CONSOB). This means that Fineco account holders can safely transfer funds to and from digital asset exchanges without having to worry about the legalities or risks associated with such activities.

What are the Fees?

The fees for purchasing crypto with Fineco Bank will vary based on the particular cryptocurrency exchange you select. Typically, fees can encompass deposit fees, trading fees, and withdrawal fees. When transferring funds from Fineco Bank to a regulated digital currency exchange such as Uphold EU, you may encounter fees related to bank transfers, debit cards, or credit cards. Fortunately, Uphold offers zero fees for bank transfers and zero commissions on trading, making it the most cost-effective platform in Europe.

About Fineco

Fineco is an online bank headquartered in Italy. The company was founded in 1999 and offers banking, investment, and insurance services. Fineco is licensed and regulated by the Bank of Italy and the European Central Bank. Fineco's products and services include savings accounts, current accounts, mortgages, loans, credit cards, investment products, and insurance products. The company also offers a mobile app and online banking platform.

Fineco has over 5 million customers and operates branches in Italy, France, Spain, Germany, Austria, Belgium, Poland, Portugal, and the United Kingdom. It does not currently offer cryptocurrency trading services, despite its extensive list of available Stock and Bond Markets on the Fineco Investing & ISA trading platform.

Fineco Bank.
Fineco Bank.

Final Thoughts

Fineco Bank does not directly support the purchase of cryptocurrencies like Bitcoin and Ethereum through its online banking platform. However, it does allow customers to transfer funds to regulated crypto exchanges to invest in digital assets. We recommend Uphold, a CONSOB-licensed exchange in Italy, for swift and affordable deposits from Fineco, granting access to over 200 cryptocurrencies with low fees and tight spreads. Uphold is also the only European exchange providing daily audited proof-of-reserves, ensuring that customer deposits are fully backed.

Adrian Graham

Co-Founder & former Investment Banker (Finance MBA) turned Full-Time DeFi analyst and researcher. Left traditional finance to pursue my interest in digital assets and decentralized finance.

View Posts