How to Buy Crypto with Fineco Bank

Can I Buy Bitcoin with Fineco?

Indeed, Fineco clients can securely purchase Bitcoin, Ethereum and a  wide variety of other cryptocurrencies, via authorized Italian crypto exchanges regulated by the Organismo Agenti e Mediatori (OAM). This allows for direct Euro transfers from Fineco accounts or connected credit cards. These supervised platforms in Italy present a trustworthy, controlled setting for cryptocurrency investments and transactions, strengthened by a Virtual Asset Services Provider (VASP) license held by the OAM.

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How to Buy Crypto with Fineco

Fineco account holders interested in investing in Bitcoin and other cryptocurrencies should consider Bitpanda. Bitpanda is an Austria-based exchange that offers seamless integration with Fineco accounts. Various methods exist to deposit funds into the platform, including SEPA bank transfers, credit card transactions, and more. Bitpanda is licensed by the Organismo Agenti e Mediatori (OAM) and offers over 3,000 cryptos, stocks, ETFs, and more.

Follow this four-step guide to start your crypto journey:

1. Register with Bitpanda and verify your identity. 
2. Select the 'Deposit' option to transfer Euros (EUR) from your Fineco account. 
3. Choose your preferred deposit method (for example, SEPA) and specify the amount you wish to transfer. 
4. Once your account is credited, search for the crypto you wish to purchase and initiate your trade.

Fineco Bank Cryptocurrency Policy

Fineco Bank has a flexible policy for cryptocurrency investing and does not impose any policies that prohibit its clients from purchasing digital assets from regulated exchanges. To ensure a safe and trustworthy trading experience, customers are recommended to utilize platforms that are authorized by the Organismo Agenti e Mediatori (OAM) and included in the Italian Virtual Asset Services Provider (VASP) register.

Customers are encouraged to exercise caution when transferring Euros to overseas cryptocurrency exchanges (for instance, OKX or KuCoin) as Fineco Bank preserves the authority to halt transfers it perceives as suspicious.

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About Fineco Bank

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.

Final Thoughts

In conclusion, Fineco Bank customers have the flexibility and freedom to invest in Bitcoin and other cryptocurrencies using authorized platforms like Bitpanda, which are regulated by Italy's Organismo Agenti e Mediatori (OAM) and hold a Virtual Asset Services Provider (VASP) license. This arrangement ensures a secure and controlled environment for cryptocurrency transactions.

Users can easily transfer funds from their Fineco accounts to these platforms, enabling access to a vast array of digital assets. However, Fineco Bank advises its clients to exercise discretion when transacting with overseas exchanges, maintaining the right to halt suspicious transfers. Ultimately, Fineco Bank is committed to providing a forward-thinking and secure platform for cryptocurrency investments.