How to buy crypto (Bitcoin) at Banco BPM?
Most people don’t know that you can buy crypto with your bank account at Banco BPM without any problems. By following the steps in this article, you discover how to buy your favourite crypto with your Banco BPM account without any issues.
How to buy crypto at Banco BPM?
Step 1: sign up with a crypto exchange
It is currently not yet possible to buy crypto directly from Banco BPM. Banco BPM also has no plans to offer crypto products any time soon. However, by linking your bank account at Banco BPM to one of the crypto exchanges below, you can buy Bitcoin without any problems:
|Trade in Bitcoin & other cryptos! Try for free with a demo & deposit money with Banco BPM after. eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.|
More and more crypto exchanges are offering a free with a demo. With this demo, you can discover without risk whether a crypto exchange suits you.
Step 2: deposit money from Banco BPM
Before you can buy crypto with your Banco BPM account, you need to deposit money first. You can only deposit money after your crypto account has been verified. You verify your account by uploading a copy of your passport and proof of address. After your documents are uploaded and verified, you can start buying crypto without any problems.
Step 3: buy crypto with Banco BPM
You can select the crypto you want to buy within the trading platform. At any crypto exchange, you can buy Bitcoin and Ethereum, but there are often many other options. It is wise to research any of the cryptocurrencies you are interested in. Not every crypto has equal potential. Developers publish so-called white papers, in which they explain what they want to achieve with their crypto project.
When you know which crypto you would like to buy, you can select it within the trading platform. Enter the amount you would like to invest and press buy to send the order to the crypto exchange. It can then take a few seconds to minutes for the order to be fully executed.
What is Banco BPM’s stance on crypto?
Banco BPM has not published a clear crypto policy on their website. However, the crypto exchange does not seem to have any problems with crypto investments, as users can transfer money to a crypto exchange without any problems. Always conduct proper research on the crypto exchange you want to use to avoid theft of funds.
What is Banco BPM?
Banco BPM S.p.A. is an Italian Bank that only started operating in 2017 after the merger of Banco Popolare and Banco Popolare di Malano (BPM). Banco BPM is Italy’s third-largest bank after Intesa Sanpaolo and UniCredit. The bank has two main offices: one in Verona and one in Milan. The bank also operates under other names: Banca Popolare di Milano, Banca Akros, Banca Aletti and ProFamily.
With more than 2,300 branches, the bank is easily accessible to its customers in Italy. The bank manages more than $180 billion in assets at the time of writing.
Can you buy bitcoin at Banco BPM?
It is not possible to buy Bitcoin directly from Banco BPM. However, by linking your Banco BPM account to a crypto exchange, you can invest in Bitcoin without any problems. Always do proper research though: many users lose money investing in crypto due to its high volatility.
Over Alex Mostert
Already in 2015 I bought my first Bitcoins for roughly $300, only to sell them shortly after for $900. At the time I thought I benefited from the deal of the century, but I, of course, had no idea Bitcoin would become as popular as it is today. On this website, I want to teach everybody how to buy Bitcoin through their bank.