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How to Buy Crypto with SEB Bank

How to Buy Crypto with SEB Bank

Dylan Matthews
Fact Checked
Nov 29, 2022

Summary: Skandinaviska Enskilda Banken AB or 'SEB Bank' does not offer cryptocurrency investing or trading directly through their online banking platform.  However, you can use their online banking accounts to deposit Euros (EUR) to licensed cryptocurrency brokers in Europe.

We recommend a platform like eToro because they are regulated in the EU and offer fast and cheap deposits from SEB Bank accounts.

Table of Contents

Best Crypto Exchange for SEB Bank

Platform Highlights

  • Fast and cheap deposits from SEB Internet Banking with Bank Transfer, Debit Card or Credit Card
  • Licensed by the European Securities and Markets Authority (ESMA) & Financial Conduct Authority (FCA)
  • Trade 80+ Cryptos and over 8,000 Stocks, ETFs, Currencies & Commodities with low fees.

Can I buy Cryptocurrencies with SEB Bank?

Unfortunately, no. SEB Bank does not have any services that enable its customers to buy, sell or custody their cryptocurrencies with the bank. That said, SEB does allow its customers to withdraw fiat currency (EUR) from their bank accounts into European Securities and Markets Authority (ESMA) licensed platforms to invest in digital assets.

It is important that customers only use ESMA-licensed platforms, otherwise, SEB Bank may freeze your withdrawals for engaging with unregulated, off-shore exchanges.

SEB Bank
SEB Online Banking.

How to buy Crypto or Bitcoin with SEB

The best way to invest in cryptocurrencies like Bitcoin and Ethereum is with a European-based exchange like eToro. They offer fast and cheap Euro (EUR) and GBP deposits from SEB Bank to invest in over 80 cryptocurrencies and 7,000+ stocks, ETFs, commodities and other financial assets.

You can get started in 4 fast 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 on the bottom of your screen to deposit EUR from your SEB online banking account.
  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 fiat amount you want to buy and execute your trade.
SEB eToro
Deposit Funds with SEB Bank.

SEB Bank Cryptocurrency Policy

Unfortunately, SEB Bank has no specific policy on cryptocurrencies. They have not released any public statements on their views of digital assets or how they plan to work with them in the future.

However, because SEB allows its customers to withdraw Euros from their accounts into ESMA-licensed cryptocurrency exchanges, we believe that the bank is supportive of the industry.

What is SEB Bank?

Skandinaviska Enskilda Banken, better known as 'SEB Bank', is a Swedish investment bank founded in 1856 with over 2 trillion Swedish Kroner (SEK) in assets under management (AUM). They offer a wide range of banking products and services to their corporate and private clients including loans, mortgages, savings accounts and investment products.

SEB also has a large international presence with over 110 branches in 19 countries outside of Sweden including the UK, USA, Germany, Norway and Denmark. They offer English-language online banking services to their customers around the world.

Dylan Matthews

I am the Founder & CEO of Buy Bitcoin Bank and was previously an engineer for a Prop trading firm in Crypto.

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