Buying Bitcoin & Ethereum at Banco de Sabadell
On this page, you can read how to buy Bitcoin & Ethereum with your bank account at Banco de Sabadell. Buying crypto with a Spanish bank is no problem!
How to buy crypto with Banco de Sabadell?
Step 1: open an account with a crypto exchange
It is not possible to buy crypto directly with your bank account at Banco de Sabadell. However, by opening an account at a crypto exchange, you can still invest in crypto without any issues. In the overview below, you can immediately see where you can do this:
|Trade in Bitcoin & other cryptos! Try for free with a demo & deposit money with Banco de Sabadell after. eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.|
I like to practice at crypto exchanges with a demo. With a demo, you can test different strategies without any risk.
Step 2: deposit money from Banco de Sabadell
You cannot directly deposit money from your bank account at Banco de Sabadell to the crypto exchange. You first need to verify your account by going through the verification steps. Fortunately, this is not very difficult: all you need to do is upload a copy of your passport and proof of address.
After your documents are approved, you can directly deposit funds from Banco de Sabadell to your crypto account. Kindly note that bank transfers have to be processed first. This can sometimes take several days.
Step 3: buy crypto with Banco de Sabadell
Within the webtrader you can select the crypto you want to buy: for example, Bitcoin or Ethereum. Within the order screen, you then enter the amount you would like to invest and by pressing the buy button, you send the order directly to the crypto exchange. You can also use different types of orders:
- Limit order: with a limit order, you buy the crypto at a set price. This allows you to trade crypto actively.
- Take profit: with a take profit, you automatically close the position at a certain profit.
- Stop loss: with a stop loss, you automatically close the position at a certain loss.
You can sell your position at any time by submitting a sell order. After you receive the payment, you can transfer the amount back to the bank account at Banco de Sabadell.
What is Banco de Sabadell’s stance on crypto?
Banco de Sabadell is not anti-crypto. However, they do like to alert users to the risks of investing in crypto. You can use your bank account at Banco de Sabadell to buy and sell crypto without any problems. By using a reliable crypto exchange, you reduce the chances of your bank account getting blocked.
About Banco de Sabadell
Banco de Sabadell is a Spanish multinational headquartered in Alicante and Barcelona. It is the fourth-largest bank in Spain, and several brands fall under the bank. The bank emphasizes small businesses and focuses mainly on international trade. The bank manages over €250 billion in total, which makes it a big player.
Can you buy Bitcoin at Banco de Sabadell?
You can buy Bitcoin from Banco de Sabadell, but you have to go through some steps. At the beginning of the article, I discuss the three steps you can go through to buy crypto with your bank account. Currently it is not possible to buy crypto directly with your bank account at Banco de Sabadell and this is likely to remain the case.