Summary: Relax Banking patrons can now participate in Bitcoin and other digital currencies trading through authorized platforms such as Bitpanda, recognized by the Organismo Agenti e Mediatori (OAM). Italian investors can safely deposit Euros from their Relax Banking accounts to Bitpanda using bank transfers, credit cards, and other options for trading more than 3,000 digital and traditional assets.
Relax Banking demonstrates a forward-thinking approach to cryptocurrency while advising customers to be cautious during fund transfers to trading platforms. Using OAM-approved platforms with a Virtual Asset Services Provider (VASP) license is encouraged to ensure secure and compliant trading.
- Free Euro (EUR) deposits from Relax Banking via SEPA, Credit Card, Debit Card and more.
- Trade 3,000+ crypto assets, stocks, ETFs and more in one platform.
- Offers crypto staking with up to 25% APY in rewards.
Can I Buy Bitcoin with Relax Banking?
Certainly, Relax Banking customers can securely invest in Bitcoin, Ethereum, and numerous other cryptocurrencies through Italian digital asset exchanges certified by the Organismo Agenti e Mediatori (OAM) in Italy. This allows for easy Euro transfers from Relax Banking accounts or associated credit cards. These regulated platforms in Italy ensure a trustworthy, supervised setting for cryptocurrency investments.
How to Buy Crypto with Relax Banking
Relax Banking users interested in Bitcoin or other digital currencies can opt for the digital asset exchange, Bitpanda, regulated by the OAM. Bitpanda, headquartered in Austria, pairs well with Relax Banking accounts and allows a variety of deposit methods, including SEPA bank transfers and credit card payments. Bitpanda features an array of more than 3,000 digital currencies, stocks, commodities, ETFs, and more.
To commence your crypto journey, follow these four steps:
- Register with Bitpanda and complete the identity verification process.
- Use the 'Deposit' function to transfer Euros from your Relax Banking account.
- Pick your preferred deposit method (like SEPA), and specify the amount you want to move.
- Once your account receives the funds, find the cryptocurrency you wish to purchase and start your transaction.
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Relax Banking Cryptocurrency Policy
Relax Banking is adaptable in its approach to cryptocurrency investments and does not prevent customers from purchasing digital assets through regulated platforms. For safe and secure trading, it's recommended that Italian investors use exchanges sanctioned by the Organismo Agenti e Mediatori (OAM) with a VASP license.
Customers must be careful when transferring Euros to foreign cryptocurrency exchanges like OKX or KuCoin. Relax Banking holds the authority to halt transactions on unregulated platforms considered risky.
What is Relax Banking?
Relax Banking is an eminent financial institution in Italy, offering comprehensive banking services for several years. Founded to simplify and enhance the banking experience, Relax Banking offers a broad spectrum of services such as personal banking, business banking, wealth management, insurance, and digital banking solutions.
Relax Banking's commitment to technological innovation is reflected in its modern banking operations and digital outreach. Its ability to merge traditional banking with advanced technology has substantially extended its customer base and service accessibility.
Final Thoughts
To conclude, Relax Banking equips its clients with the opportunity to delve into Bitcoin and other cryptocurrencies via regulated trading platforms. Our team of experts recommends Bitpanda as it conforms to Italy's Organismo Agenti e Mediatori (OAM) regulations and the exchange can be used entirely in Italian. They are licensed as Virtual Asset Services Providers (VASP), thus ensuring a safe and regulated environment for cryptocurrency transactions.
Relax Banking account holders can effortlessly move funds to these platforms, accessing a wide range of digital assets. However, Relax Banking advises its customers to be careful when dealing with foreign exchanges and maintains the right to stop suspicious transactions.
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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