Can you buy Bitcoin & other crypto at Banco Provincia?
Unfortunately, you cannot buy Bitcoin directly from Banco Provincia. But don’t worry: by following the steps in this article, you can still buy crypto like Bitcoin with your account at Bank of the Province of Buenos Aires without any problems.
How to buy crypto at Banco Provincia?
Step 1: sign up with a crypto exchange
Buying and selling crypto with Banco Provincia is possible through a crypto exchange. A crypto exchange is a company that matches the supply and demand for various crypto coins. You can invest in popular crypto coins at a crypto exchange as an individual without any hassle. Use the buttons below to start investing in crypto immediately:
|Trade in Bitcoin & other cryptos! Try for free with a demo & deposit money with Banco provincia after. eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.|
Step 2: deposit money from Banco Provincia
After activating your account, you can directly deposit money into your crypto exchange account from your Banco Provincia account. There are often conversion fees when you deposit in another currency. Therefore, pay close attention to the total costs when you transfer money to a crypto exchange.
Step 4: buy crypto with Banco Provincia
You now have everything you need to buy crypto with your account at Banco Provincia. Within the crypto exchange’s software, you then enter the amount you want to invest. You can also invest with smaller amounts at crypto exchanges, as crypto coins are divisible.
After you buy crypto, it is wise to keep a close eye on the market. Whenever you want, you can sell the crypto again with a sell order. Keep in mind that selling crypto can take a few seconds to minutes.
Inflation & Bitcoin
In countries where inflation is high, it can be attractive to buy crypto. Inflation in Argentina ran up to over 90% in 2022, making their currency drop in value. Bitcoin is also very volatile: the cryptocurrency’s price fell 80% in a short time. Still, it can be attractive for people living in a country with an unstable currency to convert their money to a cryptocurrency.
It is important to pay close attention to the security of your investment. Choose a strong password and apply 2FA: that way, hackers cannot easily steal your funds.
Banco Provincia’s stance on crypto & about the bank
Banco Provincia does not have a negative attitude towards cryptocurrencies. As a customer, you can therefore buy Bitcoin & other crypto via a crypto exchange without any problems. By selecting a reliable exchange, you avoid having your bank account blocked due to suspicious transactions.
The Bank of the Province of Buenos Aires, or Banco Provincia for short, is Argentina’s second-largest bank. The bank has been around since 1822 and is headquartered in Buenos Aires, the country’s capital. With $12 billion in assets under management, the bank is not a big player on the global scale.
Can you buy Bitcoin at Banco Provincia?
It is not possible to buy Bitcoin & other crypto at Banco Provincia. However, by linking your bank account to a reliable crypto exchange, you can still invest in popular cryptocurrencies without any concerns. Are you wondering how to do this? Then scroll up to read the comprehensive guide. Before you know it, you buy your first crypto with your account at Banco Provincia.
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.