Crypto Banks
Buy Crypto with Relax Banking

Buy Crypto with Relax Banking

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February 15, 2023
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Summary: Relax Banking does not directly offer cryptocurrency investing through its online banking platform. However, they do allow customers to transfer Euros (EUR) from their bank accounts to licensed and regulated crypto brokers in Italy.

We recommend the Uphold platform because they offer instant and cheap EUR deposits from Relax Bank to buy and sell over 250 crypto assets with zero fees. Uphold is regulated in Italy and Europe and is trusted by over 10 million investors across the continent.

Table of Contents

Best Crypto Exchange for European Banks.

Platform Highlights

  • Trade & Stake 250+ Cryptos with Fast & Cheap Euro (EUR) deposits from all European Banks.
  • Licensed and Regulated in Europe with an Audited Proof-of-Reserves of customer funds.
  • Trusted by over 10 million retail and institutional investors.
Uphold - Europe
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Audited Proof of Reserves
Audited Proof of Reserves

How to Buy Crypto or Bitcoin with Relax Banking

As mentioned above, the best way to invest in Bitcoin or cryptocurrency from a Relax Banking online account is through a licensed platform like Uphold. With this method, you can transfer Euros (EUR) via SEPA, Bank transfer, Debit/Credit card, Apple Pay or Google Pay. Uphold currently offers over 250 cryptocurrencies with zero fees and tight spreads for incestors in Italy.

You can get started in 4 simple steps:

  1. Sign Up: Open a free account on Uphold and complete the verification process.
  2. Connect Account: Select 'Euros' as the currency you want deposit on Uphold.
  3. Deposit Euros: Connect your Relax Bank account to quickly deposit your Euros.
  4. Buy Crypto: Find the cryptocurrency you want to buy and execute your trade.
How to Buy Crypto or Bitcoin with Relax Banking.
How to Buy Crypto or Bitcoin with Relax Banking.

Is Relax Banking Crypto-Friendly?

Yes, Relax Banking is crypto-friendly and allows its users to hold, buy, and sell cryptocurrencies through European Securities and Markets Authority (ESMA) regulated exchanges. This means you can safely deposit and withdraw funds from platforms like Uphold or Coinbase without the bank freezing your account.

About Relax Banking Italy

Relax Banking is a subsidiary of Banca Popolare di Sondrio, one of the leading banks in Italy. It was established in 2003 and offers banking services to individuals, families and businesses in Italy. Relax Banking in Italy has a network of branches and ATMs across the country and also offers online and mobile banking services. It is headquartered in Sondrio and has around 1,500 employees.

The bank offers a wide range of banking products and services including savings accounts, current accounts, loans, mortgages, credit cards, investment products and insurance. It also offers specialised services for businesses such as trade financing, project financing and leasing. The bank is committed to providing high-quality customer service and offers 24/7 phone and online support. Relax Banking is a member of the Italian Banking Association and is regulated by the Bank of Italy.

Relax Banking App
Relax Banking App.

Final Thoughts

In summary, if you are a Relax Banking customer interested in buying and selling cryptocurrencies, the best way to do so is through a licensed and regulated platform like Uphold. Uphold offers fast and cheap Euro deposits, zero fees, and a wide range of cryptocurrencies to choose from. By following the four simple steps outlined above, you can easily connect your Relax Bank account, deposit Euros, and start trading cryptocurrencies with ease. It's important to note that Relax Banking is crypto-friendly, and you can safely deposit and withdraw funds from regulated exchanges without any issues.

Adrian Graham

Co-Founder & former Investment Banker (Finance MBA) turned Full-Time analyst and Head of Research at Buy Bitcoin Bank. Left traditional finance to pursue my interest in digital assets and decentralized finance.

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