How to Buy Crypto with BBVA Bank

Bottom Line: BBVA Bank account holders cannot directly purchase cryptocurrencies via its platform. The only secure method for investing in digital assets in Spain is to use a regulated and licensed cryptocurrency exchange. It's crucial to choose a crypto trading platform regulated both in Spain and across Europe. The European Securities and Markets Authority (ESMA) serves as the European regulator. 

Following a detailed evaluation of the top trading platforms in Spain, our team of experts have determined that eToro is the leading option for BBVA Bank customers, thanks to its reputable and secure reputation. As a platform overseen by the ESMA, eToro provides a safe, compliant environment for trading digital assets. Besides cryptocurrencies, the exchange offers stocks, ETFs, commodities, indices, and fiat currencies.

Can you Buy Crypto with BBVA Bank?

‍Spanish investors must use a trustworthy cryptocurrency exchange in Spain to buy digital assets in the country. BBVA customers can deposit Euros to a trading platform and directly buy crypto assets. Finding one that is regulated by the European Securities and Markets Authority (ESMA) to ensure platform and asset security.

How to Buy Crypto with BBVA Bank

BBVA Bank customers can purchase digital assets by going through an ESMA-licensed cryptocurrency exchange. We have concluded that eToro is the best trading platform as it offers instant EUR deposits via Bank Transfers, Credit/Debit Cards, PayPal, Neteller, Trustly, Rapid Transfer and Skrill. 

BBVA Bank customers can invest in over 3000 assets on eToro with this simple guide:

  1. Open a free account on eToro and complete the verification process.
  2. Click 'Deposit Funds', pick a method, and transfer EUR from BBVA Bank.
  3. Go to the search bar, locate the desired token, and click 'Trade'.
  4. Enter the amount you wish to purchase and click 'Open Trade'.
How to Buy Crypto with BBVA Bank.

BBVA Bank Cryptocurrency Policy

BBVA Bank enables its customers to seamlessly invest in cryptocurrencies by partnering with regulated digital asset exchanges, providing a secure and reliable gateway for crypto investing. Nothing stated in the bank's policies prohibits customers from sending and receiving money to regulated and ESMA-licensed digital asset exchanges.

Deposit and Trading Fees

If you're contemplating the prospect of exploring the world of digital currencies through BBVA Bank, it's crucial to understand the potential related costs:

  • Transaction Charges: Unlike numerous crypto investment platforms that waive deposit fees, BBVA Bank might impose transfer fees. Transactions carried out through BBVA Bank Credit Card may be subject to a fee, possibly exceeding 2%. It's recommended to confirm these charges with your banking provider.
  • Investment Costs: Most crypto investment sites impose a spread, representing a percentage of every transaction. This spread varies according to the specific digital currency and the platform, typically hovering around 1%.

It's essential to remember that costs can differ among platforms. It's always wise to thoroughly review the current cost data with your selected investment platform and BBVA Bank. 

The Bottom Line

In conclusion, the best way for BBVA Bank customers to securely buy and sell crypto in Spain is through the eToro exchange. The platform offers free and instant EUR deposits for BBVA clients to buy and sell over 3000 assets spanning six asset classes, including Crypto, Stock, Indices, Commodities, Fiat Currencies and ETFs. Additionally, it can be used entirely in Spanish and offers 24/7 Spanish-speaking customer support via email and live chat.

FAQs

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