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How to Buy Crypto with Hellenic Bank

How to Buy Crypto with Hellenic Bank

Alysha Jane
Fact Checked
Oct 12, 2022

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 CySEC-regulated crypto broker to invest in digital assets.

We recommend the eToro EU platform for Hellenic Bank customers because they are licensed and offer fast bank transfers from all banks based in Cyprus. Their exchange offers a wide range of crypto assets and thousands of stocks, ETFs and other assets.

Table of Contents

eToro Platform Highlights

Platform Highlights

  • Fast and cheap Euro (EUR) deposits from all European Banks.
  • Licensed by the Financial Conduct Authority (FCA) and ESMA.
  • 80+ Cryptos and over 7,000 Stocks, ETFs & Commodities with low fees.
78% of retail CFD accounts lose money.

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 eToro 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:

  1. Create account: Sign up to eToro EU and verify your account
  2. Deposit funds: Select the 'Deposit Funds' to deposit EUR with your Hellenic Bank account
  3. Find your Crypto: Find the Crypto you want to buy on eToro by selecting 'Discover'
  4. Execute your trade: Input the EUR amount you want to invest and execute your trade
Invest in Crypto with Hellenic Bank online.

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 eToro 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

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.

Alysha Jane

I am a Finance graduate and market analyst that enjoys researching and writing about digital assets and how they intersect with Macro.

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