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Buy Crypto with Relax Banking

Buy Crypto with Relax Banking

Adrian Graham
Fact Checked
Oct 18, 2022

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 eToro EU platform because they offer instant and cheap EUR deposits from Relax Bank to buy and sell a wide variety of cryptos with low fees. Their exchange also offers thousands of stocks, ETFs, commodities and other assets.

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.
78% of retail CFD accounts lose money.

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 eToro or Coinbase without the bank freezing your account.

How to Buy Crypto or Bitcoin with Relax Banking

As mentioned above, the best way to invest in Bitcoin or cryptocurrency from a RelaxBanking online account is through a licensed platform like eToro. With this method, you can transfer funds via SEPA bank transfer, debit card or credit card to safely invest in hundreds of different crypto-assets and even crypto stocks.

You can get started in 4 simple steps:

  1. Create an account: Sign up to the eToro platform and verify your identity (personal or company).
  2. Fund your account: Select the 'Deposit Funds' button to connect your RelaxBanking account and transfer funds via SEPA bank transfer.
  3. Find Crypto: Once the funds hit your account, find the Crypto you want to buy on the eToro platform with their 'Discover' tab.
  4. Execute your trade: Input the EUR amount you want to buy and execute your trade.
Deposit Funds with RelaxBanking App to buy Crypto.

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.

Relax Banking App

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.

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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