How to Buy Crypto with IBAN

Can I Buy Bitcoin with IBAN?

Yes, you can buy Bitcoin and other cryptocurrencies using an IBAN. This allows you to transfer funds directly from your bank account to regulated European crypto exchanges. Once the funds are in your account, you can easily purchase BTC, ETH, or other crypto assets. While banks don’t directly offer crypto services, they make it easy to fund exchange accounts using IBAN.

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How to Buy Crypto with IBAN

Investors can purchase cryptocurrency using IBAN through regulated exchanges like Bybit. Bybit allows instant IBAN deposits from any European bank and supports users in over 160 countries, with transactions in Euros (EUR). It also offers over 1,400 digital assets and is trusted by over 50 million users.

Here’s how to buy crypto with IBAN on Bybit:

1. Create an Account on Bybit: Sign up to Bybit and complete the verification process.
2. Deposit Euros via IBAN: Go to the ‘Buy Crypto’ section, select EUR as your currency and then IBAN or SEPA as your deposit method.
3. Choose Your Cryptocurrency: Once the funds are available, pick from over 1,400 cryptocurrencies on Bybit.
4. Complete the Purchase: Enter the desired amount, review the details, and confirm your purchase.

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What are the Fees?

Fees for buying crypto with IBAN vary depending on the exchange you choose. Trading fees typically range from 0.1% to 2%, so it’s important to check each platform's structure.

For example, Bybit offers highly competitive fees, with a 0.1% trading fee and no additional costs for IBAN deposits. 

Other platforms, like Coinbase, may charge up to 2%, which could add up over time. Always review the fee breakdown on your chosen exchange to avoid any unexpected costs.

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IBAN Cryptocurrency Policy

IBAN (International Bank Account Number) is commonly used for international payments, including transfers to crypto exchanges. However, the policy on cryptocurrency transfers depends on the specific bank using IBAN.

Many banks support exchanges regulated by the European Securities and Markets Authority (ESMA) through the Markets in Crypto Assets Regulation (MiCAR). 

This regulation ensures that customers send funds to compliant exchanges that follow relevant anti-money laundering and counter-terrorism financing laws. Be sure to review your bank's stance on crypto transfers before proceeding.

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Bottom Line

Buying Bitcoin with IBAN is simple and convenient, letting you move funds directly from your bank to a trusted crypto exchange. Platforms like Bybit offer low fees and a wide range of crypto options, making it an attractive choice for investors.

Just make sure to check your bank’s policy on crypto transfers and be mindful of each exchange’s fee structure to avoid surprises.