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How to Buy Crypto Itau Bank

How to Buy Crypto Itau Bank

Dylan Matthews
Fact Checked
Aug 29, 2022

Summary: Banco Itau does not directly offer cryptocurrency investing products and services through its online banking platform. The only way Itau Bank customers can buy crypto is by transferring fiat from their account to a licensed digital currency exchange.

We recommend a platform like eToro for investors in Brazil and South America because they are safe, regulated and offer fast fiat deposits from Banco Itau.

Table of Contents

Platform Highlights

Can I Buy Crypto with Itau Unibanco?

Unfortunately, no. Banco Itau does not support digital asset trading services through its online banking platform and mobile app. That said, they do allow customers to withdraw Brazillian Real (BRL) from Itau Bank to platforms that are licensed by the Securities and Exchange Commission of Brazil (CVM).

How to Buy Crypto with Banco Itau Online

The best way to buy digital currencies like Bitcoin, Ethereum and Solana is through a trusted broker like eToro. Their platform offers over 80 cryptocurrencies and 8,000+ stocks, ETFs, commodities and other assets.

You can get started in 4 simple steps from your Banco Itau account in Brazil or South America.

  1. Create an account: Sign up to the eToro platform and verify your identity.
  2. Deposit funds: Select the 'Deposit Funds' button on the bottom of your screen to deposit Brazilian Real (BRL) or an alternative currency from Banco Itau.
  3. Find Crypto on eToro: Once the fiat hits your account, find the Crypto you want to buy on the eToro platform with their 'Discover' tab.
  4. Execute your trade: Input the amount you want to buy and execute your trade.
eToro Itau Unibanco

Itau Banco Crypto Policy

Itau Banco does not have an official digital asset trading policy. However, the Brazilian Central Bank (BCB) has released several warnings about the risks associated with investing in cryptocurrencies. The BCB says that virtual currencies are not legal tender in Brazil and are not subject to regulation or supervision by any government entity in the country.

The BCB also warns that crypto assets are prone to high volatility and could be used for illicit activities. Investors should do their own research before investing in digital currencies and only use platforms that are licensed by the CVM.

About Bank Itau

Itau Banco is the largest private bank in Brazil with over 5,000 branches across the country. The bank offers a wide range of products and services including savings accounts, checking accounts, credit cards, loans and investment products. Itau Banco also has a large network of ATMs and supports online and mobile banking.

Itau Banco

Itau was founded in 1945 and is headquartered in Sao Paulo, Brazil. The bank has over 100,000 employees and serves over 70 million customers. Itau Banco is a subsidiary of Itau Unibanco Holding SA, which is one of the largest financial conglomerates in Latin America. Itau Banco has a AA- rating from Standard & Poor's and is one of the largest banks in Brazil by assets.

Dylan Matthews

I am the Founder & CEO of Buy Bitcoin Bank and was previously an engineer for a Prop trading firm in Crypto.

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