Summary: Intesa Sanpaolo assists customers interested in delving into digital asset markets by permitting them to move funds to secure platforms compliant with Italian financial regulations. It's important to clarify that while the bank doesn't offer a direct service for crypto trading, it does authorize users to transmit their money to exchanges overseen by the OAM.
Following a comprehensive review of top exchanges, we've concluded that eToro is the best choice for Intesa Sanpaolo customers. eToro grants access to an expansive variety of 3,000+ financial assets, including cryptocurrencies, stocks, ETFs, indices, and commodities. The platform enables rapid Euro deposits through bank transfers, credit cards, and more.
- 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 Intesa Sanpaolo 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 Intesa Sanpaolo?
Certainly, Intesa Sanpaolo clients can acquire and trade cryptocurrencies such as Bitcoin through registered digital currency exchanges in Italy. It's essential to select a trading platform regulated by Organismo Agenti e Mediolanum (OAM) to ensure full compliance with Italian financial regulations and keep your assets safe. Once your Euros are transferred to a secure exchange, they can be swapped for tokens like Arbitrum and Polygon.
How to Buy Crypto with Intesa Sanpaolo
Intesa Sanpaolo clients curious about digital asset investment can utilize trusted exchanges to purchase, sell, and trade cryptocurrencies like Ethereum. According to our data, eToro is an excellent option due to its compliance with OAM regulations and its vast selection of financial instruments. The platform allows Euro deposits using multiple channels, such as bank or SEPA transfers, PayPal, Skrill, and credit cards.
Follow these simple steps to begin investing in digital currencies:
- Create Account: Register an account on eToro and finish the identity verification process.
- Select Currency: Click "Deposit Funds", then choose "EUR" as your preferred currency.
- Initiate Transfer: Select a suitable payment method and begin the transfer from your Intesa Sanpaolo account.
- Finalize Order: Use the search feature to locate the crypto asset you wish to purchase and complete your trade.
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Intesa Sanpaolo Cryptocurrency Policy
Intesa Sanpaolo strives to promote financial progress while strictly complying with all relevant laws and regulations. The bank's customers can explore digital asset investment through platforms registered with the Organismo Agenti e Mediolanum. We advise using eToro, a secure exchange licensed by multiple European organizations, including CySEC in Cyprus and OAM in Italy. Their central office is situated at 4 Profiti Ilia Street, Germasogeia, Limassol, Cyprus.
Digital Asset Investing Fees
Digital asset investment involves various costs, and staying aware of them is crucial to gaining optimal results. Here's a summary of typical trading fees incurred on exchanges:
- Transaction Costs: Platforms like eToro generally charge a nominal fee, usually around 1%, when buying or selling digital currency.
- Funding Fees: These are calculated based on the method of payment used to fund your account. Bank and SEPA transfers are often cheaper than credit and debit card transactions, which can exceed 2%.
- Withdrawal Costs: The fee for withdrawing your assets varies based on the token. Many platforms charge a fixed rate of 0.0005 BTC for Bitcoin withdrawals.
eToro is a trusted choice for Intesa Sanpaolo customers as it offers an extensive selection of cryptocurrencies with low trading fees. Its registration with the OAM makes it an excellent option for investors interested in protecting their assets.
What is Intesa Sanpaolo?
Intesa Sanpaolo is an Italian banking group operating through a network of over 4,000 branches in Italy and abroad. The group also has a number of subsidiaries in the areas of asset management, private equity, insurance, and factoring. Its history can be traced back to 1866, when it was founded as Banca Popolare di Novara. In 2007, it merged with Banca Intesa and adopted its current name.
As the most prominent banking group in Italy by market capitalization and one of the biggest in Europe, Intesa Sanpaolo’s total assets amounted to EUR 975 billion as of 2022. It is a member of the European Banking Federation and the International Monetary Fund. Catering to roughly 13.6 million clients, the group operates via an expansive network of outlets spread across the nation.
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Final Thoughts
In conclusion, Intesa Sanpaolo clients can securely invest in cryptocurrency by joining a trusted digital asset exchange. We recommend eToro due to its diverse token selection, multiple EUR deposit methods, compliance with OAM regulations, straightforward interface, and competitive fees. It is readily accessible and regulated in over 150 countries, including Italy, where it has been fully localized for an Italian audience.
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.
