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How to Buy Bitcoin and Crypto with Piraeus Bank
As outlined above, the easiest way to invest in Bitcoin, Ethereum and other digital assets with Piraeus Bank is through a licensed crypto broker in Europe. We recommend the Uphold exchange because they offer instant and cheap bank transfers from Piraeus Bank, as well as Credit Card and Debit Card deposits to invest in a wide variety of assets.
You can get started in 4 easy steps with a trusted platform:
- Sign Up: Create an account on Uphold and complete your verification (personal or company).
- Connect Account: Select the currency you want deposit on the Uphold Platform (EUR + 30 more).
- Deposit Funds: Connect your Piraeus Bank account to quickly deposit your selected fiat currency.
- Buy Crypto: The final step is to find the cryptocurrency you want to buy and execute your trade.
Is Piraeus Bank Crypto Friendly?
Yes, Piraeus Bank is crypto-friendly. They have been very supportive of efforts to bring cryptocurrencies and blockchain technology to Greece. They were one of the first banks in Greece to allow customers to buy and sell digital assets through European Securities and Markets Authority (ESMA) licensed exchanges.
What are the Fees?
The fees associated with buying cryptocurrencies with Piraeus Bank depend on the chosen crypto broker or exchange, as Piraeus Bank does not offer direct cryptocurrency trading services. Uphold EU, the recommended exchange, offers fast and cheap EUR deposits from Piraeus Bank with zero fees. However, other exchanges or brokers may have different fee structures for deposits, trading, and withdrawals. It is essential to check the fees and terms of each exchange or broker before making any transactions.
About Piraeus Bank
Piraeus Bank is one of the largest banks in Greece. It was founded in 1893 and is headquartered in Athens. The bank offers a wide range of banking services, including retail and corporate banking, investment banking, and asset management. Piraeus Bank has a network of over 1,500 branches and 4,500 ATMs across Greece. The bank also has a strong presence in Romania, Bulgaria, Serbia, Cyprus, and Albania. Piraeus Bank is listed on the Athens Stock Exchange and is a member of the European Banking Federation.
Piraeus Bank's history can be traced back to 1893 when the Piraeus Bank Society was founded with the aim of providing financial services to the residents of Piraeus and its surrounding areas. The bank's operations were initially focused on retail banking, but it soon expanded into corporate banking and investment banking. In the early 20th century, Piraeus Bank became one of the largest banks in Greece and played a major role in financing the country's economic development. The bank was nationalized in 1974, but returned to private ownership in 1991. Piraeus Bank has been listed on the Athens Stock Exchange since 1999.
Final Thoughts
Piraeus Bank does not offer cryptocurrency investing for its customers in Greece directly through its online banking platform. However, they do permit customers to buy and sell digital assets through a licensed and regulated European crypto broker. The Uphold EU platform is a recommended option for quick and affordable EUR deposits from Piraeus Bank. It is also ESMA licensed and audited, providing secure proof-of-reserves, ensuring customer assets are always held 1:1. Piraeus Bank is crypto-friendly, allowing its customers to invest in digital assets through licensed exchanges, and has been supportive of bringing blockchain technology to Greece.
