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How to buy Crypto with Piraeus Bank

How to buy Crypto with Piraeus Bank

Adrian Graham
Fact Checked
Oct 22, 2022

Summary: Piraeus Bank does not directly offer cryptocurrency investing for their customers in Greece. That said, Piraeus Bank does allow its customers to buy and sell digital assets through a licensed crypto broker in Europe. With this method, you can deposit EUR into a European Securities and Markets Authority licensed platform to buy cryptos.

We recommend the eToro EU platform because they are ESMA licensed and offer fast and cheap EUR deposits from Piraeus Bank.

Table of Contents

eToro Platform Highlights

Platform Highlights

  • Fast and cheap Euro (EUR) deposits from all European Banks.
  • Licensed by the Financial Conduct Authority (FCA) and ESMA.
  • 80+ Cryptos and over 7,000 Stocks, ETFs & Commodities with low fees.

Can I buy Crypto with Piraeus Online Banking?

As mentioned above, Piraeus Bank does not offer digital asset investing through its online banking portal. This is because their platform does not have the necessary infrastructure to support crypto custody and crypto trading. Investors in Greece also cannot use their Piraeus Bank account to store digital assets they buy from different exchanges.

How to Buy Bitcoin and Crypto with Piraeus Bank

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 eToro broker 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:

  1. Create an account: Sign up to the eToro trading platform and verify your identity.
  2. Deposit Fiat: Select the 'Deposit Funds' button at the bottom of your screen and deposit EUR via Piraeus Bank transfer, Credit Card/Debit Card, PayPal, or Skrill.
  3. Find your Asset: Select the 'Discover' page and find the crypto asset you want to buy.
  4. Execute your trade: Input the fiat amount of crypto tokens you want to buy and execute the order.
Invest in Crypto and other assets with a Piraeus Bank deposit with eToro.

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.

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

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.

Piraeus Bank is Greece's largest bank by assets and one of the country's four systemic banks. The bank's total assets amounted to EUR 103 billion at the end of 2017.

Adrian Graham

Co-Founder & former banker turned Full-Time DeFi analyst and researcher. Left traditional finance to pursue my interest in digital assets and decentralized finance.

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