Summary: Hellenic Bank does not currently offer investors the ability to buy and sell cryptocurrencies through its online banking platform. That said, they do allow customers to transfer funds from their Internet banking account to a regulated crypto broker to invest in digital assets.
Following a detailed investigation into the leading exchanges in the country, our expert team has identified Bybit as the best option for Hellenic Bank customers because it offers free and instant EUR deposits. Bybit has fostered a growing global community of traders with over 10 million users in 180+ countries, including Cyprus. It also offers advanced trading features, including seven order types, such as spot and derivatives trading with up to 100x leverage.
- Trade over 770 Cryptos with up to 100x leverage.
- Low trading fees starting at 0.01% Maker Orders and 0.06% Taker Orders.
- Secure and trusted trading platform with over 18 million users worldwide.
Can I Buy Bitcoin with Hellenic Bank?
Hellenic Bank customers cannot directly buy cryptocurrencies through the banks platform. To securely invest in digital assets, you must register with a licensed cryptocurrency platform in Europe. Selecting a digital currency exchange regulated by the Cyprus Securities and Exchange Commission (CySEC) is essential to guarantee the security of your assets and maintain regulatory compliance in the country.
How to buy Bitcoin or Crypto with Hellenic Bank
As mentioned above, the best way to buy cryptocurrencies with a Hellenic Bank account is with a trusted crypto trading platform. We recommend Bybit as it offers free and instant EUR deposits from Hellenic bank accounts and cards. The supported Euro payment methods include bank or SEPA transfers, credit/debit cards, Advcash, Wise, Google Pay, Zen or Easy Bank.
You can get started in minutes with our simple 4-step guide:
- Registration: Start by setting up an account on Bybit and complete your verification.
- Find Payment Method: Go to the ‘Buy Crypto’ tab and pick a deposit method.
- Deposit Funds: Select ‘EUR’ as your fiat currency and choose a cryptocurrency.
- Purchase Cryptocurrency: Input the amount you want to invest and execute your trade.
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Is Hellenic Bank Crypto-Friendly?
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 guide on buying, selling, or holding cryptocurrencies. With that said, they do allow customers to use their bank account or debit and credit cards to purchase cryptocurrencies on exchanges regulated by the Cyprus Securities and Exchange Commission (CySEC).
What is Hellenic Bank?
Since its establishment in 1976, Hellenic Bank has become one of Cyprus's largest banks. Known for providing a comprehensive range of banking services to both corporate and retail customers, the Bank maintains an extensive network of over 70 branches and 400 ATMs throughout the country. Additionally, Hellenic Bank holds a noteworthy presence in London, New York, and Athens.
Playing a crucial role in supporting the Cypriot economy, Hellenic Bank is keenly invested in financing major projects within the country and is a leading provider of banking services to the Cypriot diaspora. With over 3,000 dedicated employees and assets exceeding EUR 10 billion, Hellenic Bank is committed to delivering quality banking solutions to its clientele.
Final Thoughts
To recap, Hellenic Bank does not offer a direct platform for buying and selling cryptocurrencies. Still, 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 Bybit exchange as a reliable and trustworthy broker, offering fast and free deposits to trade hundreds of tokens with low fees.
I am a Finance graduate and market analyst that enjoys researching and writing about digital assets and how they intersect with Macro.
