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