How to Buy Crypto with BBVA

Can I Buy Bitcoin with BBVA?

Yes, BBVA allows you to buy Bitcoin and other cryptocurrencies. The bank enables secure transactions to cryptocurrency exchanges in Spain that are licensed by the Bank of Spain. It also allows transfers to licensed South American trading platforms. You can use SEPA transfers, IBAN payments, and card deposits for a fast deposit.

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How to Buy Crypto with BBVA

BBVA makes it easy to buy crypto through regulated exchanges like Uphold, especially for users in Spain and South America. Uphold fully complies with local regulations and supports over 250 digital assets. You can fund your account with Euro (EUR) and 30 other currencies through bank transfers, IBAN, Apple Pay, Google Pay and debit or credit cards.

Start your crypto investment journey by following this Uphold guide:

1. Create an Uphold Account: Sign up on Uphold’s website and complete the quick verification process.
2. Deposit Funds: Choose your funding method (e.g. bank transfer or card) and move money from your BBVA account.
3. Select Your Crypto: Browse for the cryptocurrency you want to buy, and make sure your funds are ready to go.
4. Make Your Purchase: Enter the amount you want, double-check your details, and hit confirm.

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What are the Fees?

If you’re purchasing cryptocurrency through an exchange, fees can include deposit, trading, and withdrawal charges, which vary depending on the platform you use.

BBVA customers should consider Uphold as it doesn't charge commissions but applies an average spread of around 1% on conversions like EUR to Bitcoin. In contrast, platforms like Coinbase can charge more than 2% per trade. 

Always review the exchange's fee structure before making a transaction to ensure you're getting the best rate.

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BBVA Cryptocurrency Policy

BBVA is crypto-friendly and makes it easy to transfer funds to regulated exchanges that are approved by the Bank of Spain and registered as Virtual Asset Service Providers (VASP). These exchanges follow strict KYC and AML rules, ensuring your transactions are safe and compliant. 

BBVA is also preparing for the EU’s Markets in Crypto-Assets Regulation (MiCA), which will standardize crypto regulations across Europe by 2024. This will establish clear guidelines for handling crypto assets, exchange security requirements and transparency for investors.

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About BBVA

BBVA is a global bank with a strong presence in Europe, Latin America, and the U.S. Known for its digital innovation, it offers services like BBVA Wallet for mobile payments, BBVA Invest for personalized investment advice, and BBVA Net Cash for business banking.

In Spain and Mexico, BBVA is a market leader, while it also serves customers in countries like the USA, Colombia, and Argentina. It is popular for its progressive approach to new markets and technology, which led to it becoming one of the most trusted financial institutions globally.

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Bottom Line

BBVA makes it easy to buy Bitcoin and cryptocurrencies through regulated exchanges like Uphold, especially for users in Spain and South America.

With low fees, easy payment options, and solid regulatory backing, it’s a reliable banking partner for anyone looking to get into crypto. Just make sure to check the fees across exchanges to get the best rate.