Summary: Relax Banking aids its customers in exploring digital asset markets by facilitating transfers to platforms that adhere to Italian financial regulations. It's crucial to clarify that the bank does not directly offer a cryptocurrency trading service. Instead, users can securely send their funds to exchanges monitored by the OAM (Organismo Agenti e Mediolanum).
Upon a thorough examination of the best exchanges, we found eToro to be the most fitting option for Relax Banking clients. eToro offers access to an extensive range of more than 3,000 digital assets, stocks, ETFs, indices, and commodities at competitive rates. This platform also provides rapid Euro deposits through bank transfers, credit cards, and other methods.
- Organismo Agenti e Mediatori (OAM) registered broker with over 30 million users.
- Buy, sell and trade over 3,000 Cryptocurrencies, Stocks, ETFs and more.
- Instant EUR deposits from Relax Banking via bank transfer, debit card and credit card.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Can I Buy Bitcoin with Relax Banking?
Certainly, Relax Banking customers can buy and trade digital currencies such as Bitcoin and Ethereum by using verified cryptocurrency investment platforms in Italy. It's essential to select an exchange regulated by the Organismo Agenti e Mediatori (OAM) to ensure regulatory compliance and guarantee the safety of your assets. After completing a transfer your Euros to the secure exchange, they can be easily swapped for tokens.
How to Buy Crypto with Relax Banking
For customers of Relax Banking who are curious about investing in digital assets, a wide range of cryptocurrencies can be securely purchased through trustworthy exchanges. According to our research, eToro is the best option because it complies with OAM regulations and offers an extensive selection of investment options. The platform enables swift Euro deposits through multiple channels, such as bank or SEPA transfers and credit cards.
Here are some simple steps to start investing in digital currencies:
- Create Account: Register for an eToro account and complete the required identity verification procedures.
- Select Currency: Click on "Deposit Funds" then specify "EUR" as your preferred currency.
- Initiate Transfer: Choose a suitable payment method and begin a transfer from your Relax Banking account.
- Complete Order: Use the search function to find the cryptocurrency you wish to purchase and finish your trade.
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Relax Banking Cryptocurrency Policy
Relax Banking's mission is to advance financial innovation while upholding all applicable laws and regulations. Customers of the bank are allowed to invest in digital assets through platforms that have been approved by the Organismo Agenti e Mediatori. For your trading needs, we suggest eToro, which is licensed by several European organizations, including CySEC in Cyprus and OAM in Italy. Their main office is located at 4 Profiti Ilia Street, Germasogeia, Limassol, Cyprus.
Digital Asset Investing Fees
When considering investments in digital assets, it is essential to remember that various fees may apply. Here is a summary of the most common trading charges:
- Transaction Costs: When buying or selling digital currency, exchanges such as eToro normally impose a small fee, usually about 1% per transaction.
- Funding Fees: Depending on the payment method you select, there may be fees associated with making deposits into your account. Bank and SEPA transfers are typically cheaper, while credit or debit cards could involve fees above 2%.
- Withdrawal Fees: The fee for withdrawing your assets is determined by the token. For Bitcoin withdrawals, many platforms charge a fixed fee of 0.0005 BTC.
eToro, which is monitored by European financial institutions and registered with local authorities, provides an exceptional range of digital assets at affordable rates, establishing it as a trustworthy option for Relax Banking customers.
What is Relax Banking?
Relax Banking takes a contemporary approach to financial services, focusing on ease of use, customer service, and seamless digital integration. Born out of the need to cater to the evolving demands of modern customers, their business model prioritizes convenience and accessibility. Over the years, the industry has witnessed significant transformations, from traditional branches to the rise of online and mobile banking platforms.
This bank has embraced these changes, ensuring that customers can manage their finances without the stress or complexities often associated with traditional banking. Today, it offers a range of services, from simple savings and checking accounts to advanced financial tools and investment options, all designed with the user in mind.
Final Thoughts
In conclusion, Relax Banking enables seamless transfers to compliant platforms such as eToro, which we endorse because of its variety of assets and inexpensive fees. In addition to features like copy trading, one-click order setups, and instant EUR deposits, it offers more than 3,000 financial instruments. As one of the most widely used exchanges worldwide, it has over 30 million registered users from more than 150 countries, including Italy.
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.
