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Can I Buy Crypto with Fortuneo?
The Fortuneo Banque platform and Fortuneo Bourse (stock trading) platform both do not offer any way for customers to invest in cryptocurrencies like Bitcoin and Ethereum. That said, Fortuneo does offer some crypto-related ETFs that give investors indirect exposure to the asset class, however, this is an expensive and inefficient method.
Crypto ETFs on Fortuneo
The 3 most popular cryptocurrency ETFs available on Fortuneo are the Amun Crypto Basket Index ETF (HODL), the first-ever crypto ETF listed on a major stock exchange; the Bitwise 10 Large Cap Crypto Index Fund (BITW), which tracks the top 10 largest cryptocurrencies by market cap; and finally, the Amplify Transformational Data Sharing ETF (BLOK), which invests in companies involved in the development and utilization of blockchain technology.
While all 3 of these crypto ETFs can be bought and sold on the Fortuneo Bourse platform, they are all quite expensive, with HODL costing investors a whopping 5.25% in total annual fees, and BLOK and BITW both costing a more reasonable but still expensive 2.20% and 2.50%, respectively.
How to Buy Crypto with Fortuneo Banque
The best way to buy cryptocurrencies in France like Bitcoin and Ethereum with a Fortuneo Banque account is with a licensed digital asset trading platform like Uphold. Their exchange offers fast Euro (EUR) deposits from Fortuneo to trade over 200 cryptos and hundreds of stocks, ETFs, commodities, currencies and other assets.
You can get started in minutes with this simple guide:
- Sign Up: Create an account on Uphold and complete your verification.
- Connect Account: Connect your Fortuneo Banque account to Uphold by selecting the fiat currency you want to transfer on your dashboard.
- Deposit Funds: You can then click the 'connect bank' button to link your Foruneuo Bankque account and deposit Euros.
- Buy Cryptocurrency: The final step is to find the cryptocurrency you want to buy and execute your trade.
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Is Fortuneo Crypto Friendly?
Yes, Fortuneo is a crypto-friendly bank. They allow their customers to deposit fiat from their bank accounts into European Securities and Markets Authority (ESMA) licensed crypto exchanges. Customers can also withdraw fiat from their exchanges back to their Fortuneo bank accounts.
However, please note that Fortuneo is not a licensed crypto exchange or wallet provider. They are simply a bank that allows their customers to link their accounts with licensed exchanges. It is the responsibility of the customer to make sure they are using a licensed and reputable exchange.
About Fortuneo
Fortuneo is a French online bank created in 2002. It offers banking products and services to individuals, professionals and businesses. The bank has more than 200,000 customers and employs more than 400 people. Fortuneo is headquartered in Rennes, France and also has offices in Paris and Nantes.
The bank offers a wide range of products and services including savings accounts, checking accounts, credit cards, loans, mortgages, investment products and insurance. Fortuneo has a strong online presence and offers its customers 24/7 access to their accounts via the internet and mobile devices. The bank also has a large network of ATMs and branches across France.
Final Thoughts
Fortuneo Bank is a great choice for customers looking for an online banking solution in France. They offer a wide range of products and services and are very crypto-friendly, allowing their customers to link their accounts with licensed exchanges.
There isn't much direct cryptocurrency investment available on Fortuneo yet, but they do offer some ETFs that give customers exposure to the crypto market. All in all, Fortuneo is a good option for French customers looking for an online bank with great customer service and competitive rates.
