How to Buy Crypto with Hello Bank

How to Buy Bitcoin with Hello Bank

Hello Bank doesn’t directly support Bitcoin and crypto trading, but you can still transfer funds from your account to crypto exchanges in France. The key is finding a platform approved by the Autorité des Marchés Financiers (AMF) and holding a Crypto Asset Service Provider (CASP) license.

One popular option is Kraken. It’s fully licensed, supports quick Euro (EUR) deposits via IBAN transfers, debit/credit cards, Apple Pay, and Google Pay, and offers over 280 digital assets, including Bitcoin, Ethereum, and Solana.

Here are the steps to safely purchase BTC and other crypto assets with Hello Bank:

1. Sign Up: Head to Kraken’s website, create an account and complete the KYC verification.
2. Deposit Euros: Transfer funds from Hello Bank to Kraken via IBAN in the ‘Funding’ section.
3. Select Bitcoin: Choose Bitcoin from the list, ensuring your currency is EUR.
4. Confirm Purchase: Enter the amount, review, and finalize your order.

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What are the Fees?

Fees for crypto purchases using Hello Bank vary by exchange, ranging from 0.1% to 2%. Your choice of platform directly impacts your costs.

Kraken is a standout, offering a low 0.16% spot trading fee and no fees for Euro deposits via SEPA or IBAN. It's efficient for Hello Bank users. Compare that to Coinbase, where fees can hit 2%, potentially cutting into your profits.

Always check the fee structure on any platform before trading. It’s crucial to ensure you don’t get caught off guard by hidden costs.

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Hello Bank Cryptocurrency Policy

Hello Bank allows transfers to cryptocurrency exchanges registered as Crypto Asset Service Providers (CASPs) under French law. The regulatory landscape will change by January 2025 with the upcoming implementation of the EU's Markets in Crypto-Assets (MiCA) framework.

Starting December 30, 2024, all crypto exchanges will need CASP authorization, bringing tighter controls on anti-money laundering (AML), cybersecurity, and operational standards. MiCA will also provide these platforms with a European "passport," enabling them to operate across all EU member states.

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About Hello Bank

Hello Bank, launched by BNP Paribas, is a fully digital bank designed to streamline personal finance. It offers a variety of services through its Hello One and Hello Prime accounts, catering to both basic and premium banking needs. Customers can manage their finances with ease, accessing features such as fee-free banking, savings accounts, investment products, and more, all through a user-friendly mobile app.

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Bottom Line

Hello Bank enables transfers to regulated crypto exchanges like Kraken, allowing users to buy Bitcoin with instant Euro deposits and no transfer fees. While Hello Bank doesn’t offer direct crypto trading, it supports seamless fund transfers to compliant platforms. 

Always review exchange fees, as they vary, and stay updated on the upcoming MiCA regulations to ensure your crypto transactions remain secure and compliant.