Summary: Openbank does not offer the ability to invest in digital currencies directly through its platform. Customers keen on venturing into the crypto market should use an exchange with a VASP (Virtual Asset Service Provider) license that complies with regulations and begin their crypto engagements by transferring Euros (EUR) or other currencies.

After comparing the top exchanges available to Spanish investors, Uphold was identified as the best option. Known for charging zero fees on EUR deposits from Openbank, it offers a broad selection of over 250 cryptocurrencies for trading and staking. As a global platform, it provides 24/7 customer support in both English and Spanish.

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Can I Buy Bitcoin with Openbank?

Absolutely, Openbank customers have the option to invest in Bitcoin and a wide range of other cryptocurrency through reputable Spanish exchanges regulated by the Bank of Spain and possess a Virtual Asset Service Provider (VASP) license. Simply transfer Euros directly from your Openbank account to a trading platform and convert them into digital assets. Since these exchanges are licensed, they offer a secure setting for trading and investing in cryptocurrencies.

How to Buy Crypto with Openbank

When you're looking to buy digital currencies using Openbank, a dependable and regulated multi-currency exchange like Uphold can make the process seamless. The platform offers instant and free EUR deposits from Openbank via bank transfer, easybank, SEPA, credit card and more to trade and invest in more than 250 different cryptocurrencies without any trading fees.

To kickstart your crypto journey via Openbank, here's a detailed guide you can follow:

  1. Register an Account: Navigate to the Uphold website and complete the registration process, including verifying your identity.
  2. Link Openbank: Log in to your Uphold dashboard and select the option to integrate a bank account. Choose the Euro (EUR) currency or any other fiat currencies supported by Uphold.
  3. Fund Your Account: Look for the 'link bank' feature within your dashboard, connect your Openbank account, and follow the instructions to transfer your funds.
  4. Buy Cryptocurrency: Utilize the search function to locate the cryptocurrency you wish to invest in, and finalize your purchase.
How to Buy Crypto with Openbank.
How to Buy Crypto with Openbank.

Openbank Cryptocurrency Policy

Openbank, a leading digital banking institution, embraces a progressive yet measured stance on cryptocurrencies. The bank allows its customers to engage with digital assets via exchanges that possess a VASP (Virtual Asset Service Provider) license and comply with the Spanish Securities Market Commission (CNMV).

By offering streamlined access to Bitcoin and other cryptocurrencies, Openbank allows its clients to manage traditional financial risks while diversifying their investment portfolios with digital assets. This approach aligns seamlessly with regulatory frameworks, highlighting Openbank's commitment to delivering innovative financial solutions tailored to the evolving needs of its customer base.

What is Openbank?

Openbank is a Spanish online-only bank and a wholly-owned subsidiary of the Santander Group, one of the largest banking groups in the world. It's considered one of the pioneers in the field of digital banking in Europe. Founded in 1995 as a telephone banking service, Openbank transitioned into online banking in 1999. Since then, it has developed a reputation for embracing technological innovation to deliver a user-friendly banking experience, with services accessible via the internet or mobile applications.

Openbank offers a broad range of financial services, including checking and savings accounts, debit and credit cards, loans, and investment products such as funds, pension plans, and robo-advisor services. It is regulated by the Bank of Spain and the European Central Bank, making it a secure platform for banking operations.

Openbank: Home Page.
Openbank: Home Page.

Final Thoughts

To summarize, Openbank doesn't offer direct investment opportunities in cryptocurrencies, but it has positioned itself as a flexible facilitator for those eager to venture into this exciting asset class. By allowing its customers to use trusted and regulated cryptocurrency exchanges like Uphold, Openbank ensures a safe and seamless transition from traditional to digital finance. 

Uphold stands out as a particularly effective option for Spanish investors. Its zero fees on EUR deposits, a wide variety of more than 250 cryptocurrencies, multilingual live customer support, and user-friendly interface make it an excellent choice for diversifying your investment portfolio.