How to Buy Crypto with Fineco

Can I Buy Bitcoin with Fineco?

Yes, Fineco Bank customers can buy Bitcoin and other cryptocurrencies through Italian exchanges adhering to the Organismo Agenti e Mediatori (OAM) regulations. Although the bank doesn’t directly support crypto purchases, users can deposit Euros into licensed exchanges that comply with EU anti-money laundering (AML) standards.

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How to Buy Crypto with Fineco

Fineco Bank customers can buy crypto through exchanges like Kraken, which is fully compliant with Organismo Agenti e Mediatori (OAM) regulations under Registration No. PSV35. Kraken allows euro deposits from Fineco Bank through SEPA transfers, bank transfers, PayPal and credit or debit card payments, offering access to 290 digital currencies for trading and staking.

Here’s a simple guide to buying crypto with your Fineco Bank account:

1. Create an Account: Visit Kraken’s official website and sign up for a new account. Complete the KYC verification by submitting your ID and following the necessary steps.
2. Deposit Euros: After registration, go to the “Funding” section. Select your deposit method, such as SEPA transfer, to move euros from your Fineco Bank account with minimal fees.
3. Choose Your Asset: Once your funds are available, explore Kraken’s broad range of digital assets and decide which cryptocurrency to buy.
4. Buy Crypto: Enter the amount you want to buy, review your transaction details, and confirm to complete your purchase.

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What are the Fees?

Understanding the fees involved in using an exchange, such as deposits, withdrawals, and trading costs, is recommended.

For Fineco Bank customers, Kraken provides free euro deposits via SEPA transfers. Trading fees start as low as 0.16% for spot trades, much lower than other platforms like Coinbase, which can charge upwards of 2%.

Keep in mind that withdrawal fees vary depending on the cryptocurrency, as network transaction costs fluctuate. Reviewing these fees in advance can help you plan and budget accurately for your trades.

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Fineco Bank Cryptocurrency Policy

Fineco Bank allows clients to use regulated platforms operating under the oversight of the Organismo Agenti e Mediatori (OAM) and within the EU’s anti-money laundering (AML) standards. Although users can't purchase and hold digital assets through the bank, they can transfer Euros to approved exchanges.

However, the bank provides cryptocurrency exposure through innovative trading tools, such as Contracts for Difference (CFDs), Knock Out Options, and Exchange Traded Products (ETPs). These products allow Fineco customers to speculate on cryptocurrency values without managing a separate digital wallet, enabling them to trade directly from their Fineco accounts.

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About Fineco Bank

Fineco Bank is a leading Italian financial institution renowned for its comprehensive suite of online banking, trading, and investment services. It manages total financial assets of €131.3 billion and serves 1.6 million clients across Italy.

The bank integrates advanced proprietary platforms with a vast network of financial advisors, offering clients seamless access to banking, credit, trading, and investment solutions through a single multicurrency account.

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Bottom Line

Fineco Bank clients can invest in crypto through Kraken, which offers access to over 290 digital assets for both spot and futures trading. The exchange supports euro deposits, and users can earn staking rewards on 30 different cryptocurrencies, providing diverse options for digital asset growth.

For a secure trading experience, Fineco customers are encouraged to use regulated exchanges, monitor transaction fees, and review the bank’s guidelines for crypto-related transfers.