How to Buy Crypto with Fortuneo Banque

Can I Buy Bitcoin with Fortuneo Banque?

‍Yes, Fortuneo Banque enables its clients to invest in Bitcoin and other digital currencies by approving transfers to AMF-regulated crypto exchanges in France. Customers can fund their accounts in Euros through multiple options, such as SEPA transfers, IBAN transfers, traditional bank transfers, and debit cards.

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How to Buy Crypto with Fortuneo Banque

Investing in cryptocurrency with Fortuneo Banque is easy when using regulated exchanges such as Kraken, which is registered as a Virtual Asset Service Provider (VASP) in France. It supports EUR deposits through several payment methods, including SEPA transfers, bank transfers, debit cards, credit cards, Apple Pay, and Google Pay.

Follow this guide to buy crypto using Fortuneo Banque on Kraken:

1. Create an Account: Visit Kraken’s official website, sign up for a new account, and complete the identity verification process to fulfil the Know Your Customer (KYC) requirements.
2. Deposit Euros: Navigate to the 'Funding' section on Kraken, select SEPA or another deposit method, and initiate a transfer from your Fortuneo Banque account to fund your Kraken wallet.
3. Choose a Cryptocurrency: Once the funds are available, browse the platform to find the cryptocurrency you want to purchase and select Euro as your currency.
4. Complete Your Purchase: Enter the amount of cryptocurrency you wish to buy, double-check the transaction details, and execute your trade.

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What are the Fees?

When buying cryptocurrencies on exchanges, there are fees associated with deposits, trading, and withdrawals. ‍For Fortuneo Banque customers, Kraken offers a low fee structure with free Euro deposits. 

On Kraken, spot trading fees begin at 0.16%, while futures trading fees range from 0.02% for makers to 0.05% for takers. These rates are notably lower compared to some other exchanges, such as Coinbase, where fees can exceed 2% for trading.

It’s important to check the withdrawal fees before initiating a transfer, as they vary depending on the specific cryptocurrency being withdrawn.

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Fortuneo Banque Cryptocurrency Policy

Fortuneo Banque allows customers to transfer funds to exchanges registered as Virtual Asset Service Providers (VASP) with the Autorité des Marchés Financiers (AMF) in France. These platforms must comply with rigorous Know Your Customer (KYC) and Anti-Money Laundering (AML) standards.

The bank is also aligning with the upcoming EU Markets in Crypto-Assets Regulation (MiCA), which aims to establish a comprehensive regulatory framework for digital assets across Europe. Additionally, France’s PACTE Act in 2019 offers a defined legal foundation for Digital Asset Service Providers (DASPs) and initial coin offerings (ICOs).

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About Fortuneo Banque

Fortuneo Banque is a French online bank, part of Crédit Mutuel Arkéa, offering various financial services, including current and savings accounts, life insurance, and investment options like stock trading and ETFs. 

Its products include the Fortuneo Gold Mastercard, which allows fee-free international payments and withdrawals, and the Fortuneo World Elite Mastercard, offering premium benefits for frequent travelers.

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Bottom Line

Fortuneo Banque customers can easily purchase crypto by transferring Euros to AMF-regulated exchanges like Kraken, which supports over 280 digital assets for spot and futures trading. Kraken also offers French language support, making the platform more accessible for local investors.

Before proceeding, it's essential to review the fee structure of your chosen exchange to ensure you select the best option for your crypto transactions.