How to Buy Cryptocurrencies with Hellenic Bank
As mentioned above, the best way to buy cryptocurrencies with a Hellenic Bank account is with a Cyprus Securities and Exchange Commission (CySEC) licensed trading platform. We generally recommend Uphold because they are licensed by CySEC, the FCA and ESMA in Europe to provide crypto brokerage services. They also offer fast and cheap bank transfers from any European bank.
You can get started in minutes with our simple 4-step guide:
- Sign Up: Create an account on Uphold and complete your verification.
- Connect Account: Connect your Hellenic Bank account or card to Uphold by selecting the fiat currency you want to transfer on your dashboard.
- Deposit Funds: You can then select the 'connect bank' button to link any European Bank account and deposit Euros (EUR).
- Buy Cryptocurrency: Find the cryptocurrency you want to buy and execute your trade.
What is Hellenic Bank's Crypto Policy?
Hellenic Bank does not currently have a formal policy on cryptocurrencies, however, they are monitoring developments in this area closely. As such, they do not provide any guidance on buying, selling or holding cryptocurrencies. The bank advises caution to customers that cryptocurrencies are a highly volatile asset class and recommend that they seek financial advice if they are considering investing in them.
With that said, they do allow customers to use their bank account, or debit and credit cards to purchase cryptocurrencies on exchanges. However, they do not permit customers to store or trade cryptocurrencies on the bank's premises.
Can I buy Stocks with Hellenic Bank?
The short answer is no. Like crypto assets, Hellenic Bank does not offer any products or services to invest in stocks and other assets through its internet banking platform. However, you can use your bank account to make a deposit on a third-party broker like Uphold that does offer these services.
About Hellenic Bank
Hellenic Bank was founded in 1976 and is one of the largest banks in Cyprus. The Bank provides a full range of banking services to both corporate and retail customers. Hellenic Bank has a strong presence in the Cypriot market with a network of over 70 branches and 400 ATMs. The Bank also has a significant presence in London, New York and Athens.
Hellenic Bank is a strong supporter of the Cypriot economy and is actively involved in financing major projects in the country. The Bank is also a leading provider of banking services to the Cypriot diaspora. The Hellenic Bank Group employs over 3,000 people and has assets of over EUR 10 billion.
In conclusion, Hellenic Bank does not offer a direct platform for buying and selling cryptocurrencies but it allows its customers to transfer funds from their internet banking account to a licensed and regulated crypto broker. For those customers looking to invest in cryptocurrencies, we recommend Uphold EU as a reliable and trustworthy broker, offering fast bank transfers and a wide range of assets including cryptocurrencies, stocks, ETFs, and more.