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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 exchange like Bybit. Banco Itau users can deposit BRL to Bybit via Credit/Debit card, Bank Transfer, Mercadopago, Pix, PicPay, Google Pay or Maestro.
You can get started in 4 simple steps from your Banco Itau account in Brazil or South America.
- Sign up to Bybit and with your email address and create a password.
- Tap 'Buy Crypto', then 'One-Click Buy' and select 'BRL' as your currency.
- Select a deposit method and the cryptocurrency you want to buy.
- Input the amount you want to purchase and click 'Buy'.
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Itau Banco Cryptocurrency 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 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.
Final Thoughts
If you are looking to buy cryptocurrencies in Brazil or South America, Itau Banco does not offer any digital asset trading services. However, customers can withdraw BRL from Itau Bank to platforms that are licensed by the CVM. The best way to purchase crypto with a Brazilian bank account is through an online exchange like Bybit. Always remember to do your own research and use platforms that are trusted and regulated.
