Summary: Hype Bank accommodates its customers' interests in digital assets by facilitating transfers to exchanges that align with Italian finance regulations. It's crucial to clarify that while the bank doesn't directly facilitate crypto trading, it allows the safe transfer of funds to platforms monitored by the Organismo Agenti e Mediatori (OAM).
After carefully evaluating leading exchanges, we concluded that eToro is an excellent option for Hype Bank customers. eToro provides access to over 3,000 digital assets, commodities, ETFs, indices, and stocks with attractively low fees. The platform is regulated by the OAM and ensures a secure trading environment for its users.
- Organismo Agenti e Mediatori (OAM) registered broker with over 30 million users.
- Buy, sell and trade over 3,000 Cryptocurrencies, Stocks, ETFs and more.
- Instant EUR deposits from Hype Bank via bank transfer, debit card and credit card.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Can I Buy Bitcoin with Hype Bank?
Yes, Hype Bank customers can purchase and trade cryptocurrencies such as Bitcoin and Ripple through reliable cryptocurrency trading platforms in Italy. It's critical to choose an exchange supervised by the Organismo Agenti e Mediatori (OAM) to ensure regulatory compliance and the protection of your investments. After transferring Euros to an approved platform, a broad selection of tokens can be purchased with your funds.
How to Buy Crypto with Hype Bank
If you're a Hype Bank customer keen on investing in digital assets, you can confidently buy and sell various coins on approved exchanges. After thorough research, we selected eToro due to its OAM compliance and wide range of investment options. The platform enables smooth Euro deposits through several methods, including credit cards, SEPA, PayPal, Skrill, Neteller, and bank transfers.
To begin your journey into cryptocurrency investing, follow these straightforward steps:
- Create Account: Set up an eToro account and complete the necessary steps for identity verification.
- Select Currency: After choosing "Deposit Funds", pick "EUR" as your currency of choice.
- Initiate Transfer: Choose a suitable payment method and commence a transfer from your Hype Bank account.
- Complete Order: Utilize the search function to find the cryptocurrency you’re interested in and finalize your trade.
Hype Bank Cryptocurrency Policy
Hype Bank is dedicated to fostering financial growth while adhering strictly to all necessary regulations. Its customers are encouraged to explore digital assets by selecting platforms authorized by the Organismo Agenti e Mediatori. We recommend eToro because it is registered with several European regulators, including OAM in Italy and CySEC in broader Europe. The exchange’s main office is located at 4 Profiti Ilia Street, Germasogeia, Limassol, Cyprus.
Digital Asset Investing Fees
It is critical to understand the various costs associated with investing in digital assets. Here is a list of the most common fees charged by exchanges:
- Transaction Fees: When you buy or sell a cryptocurrency, there is generally a fee taken by the exchange. For example, eToro charges 1% of your total transaction amount anytime you buy or sell a token.
- Funding Fees: Depending on the payment method you choose, there may be a fee associated with transferring funds into your account. Credit or debit cards may incur fees above 2%, while bank and SEPA transfers are usually free.
- Withdrawal Costs: The cost of withdrawing your assets is determined by the cryptocurrency. Many platforms charge a fixed fee of 0.0005 BTC for Bitcoin withdrawals.
Hype Bank customers can readily access an expansive selection of digital assets through eToro. We recommend the exchange as it offers low investment fees and a wide range of cryptocurrencies.
What is Hype Bank?
Hype Bank is an Italian digital banking platform that delivers comprehensive financial services to simplify and personalize their users' experience. Founded by Sella Group in 2015, the bank has made its mark in Italy's fintech sector by enhancing its services through intelligent technology. Its product suite includes a free online bank account, prepaid Mastercard, real-time transaction updates, budgeting tools, and innovative payment solutions.
The bank's straightforward mobile app lets users manage their finances on the go, while the web platform focuses on financial literacy and educates consumers about smart money management. The bank's philosophy of integrating technology with traditional banking has led to its rapid growth, making it a significant player in Italy's evolving digital finance landscape.
Final Thoughts
To sum up, Hype Bank offers smooth transfers to OAM-compliant digital asset exchanges. Our team of experts recommends eToro due to its diverse asset offerings and reasonable fee structure. The platform has more than 30 million registered users and can be used in several languages, including English and Italian. Besides cryptocurrency, eToro also supports stocks, ETFs, commodities, forex and indices.
Co-Founder & former Investment Banker (Finance MBA) turned Full-Time analyst and Head of Research at Buy Bitcoin Bank. Left traditional finance to pursue my interest in digital assets and decentralized finance.
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