How to Buy Crypto with Societe Generale Bank

Bottom Line: Societe Generale Bank account holders cannot buy or sell cryptocurrencies directly through the bank. The best method for French investors is to send Euros to a licensed digital asset exchange. The European Securities and Markets Authority (ESMA) is the regulator in Europe, and the French authority is the Autorite des Marches Financiers (AMF). 

Our team has completed an in-depth evaluation of the top ESMA-regulated and AMF-registered platforms and has concluded that eToro is the best choice for Societe Generale Bank customers. eToro is a global multi-asset exchange licensed to operate in over 140 countries, including France. It can be used entirely in French and offers 24/7 customer support in the language via email and live chat.

Can you Buy Crypto with Societe Generale Bank?

The best way for French investors to securely buy cryptocurrency is by using a digital asset exchange in France regulated by ESMA and AMF. Societe Generale clients can purchase Bitcoin and other cryptos by deposing EUR to a licensed digital currency trading platform, then buying tokens directly with Euros. Selecting an exchange regulated by the Autorite des Marches Financiers is vital for regulatory compliance in the country.

‍How to Buy Crypto with Societe Generale Bank

As previously stated, the most secure way for Societe Generale Bank clients to acquire digital assets is through eToro. French investors can transfer funds from their accounts to eToro via several payment methods, including Bank Transfer, Credit Card, Debit Card, and PayPal.

Societe Generale Bank customers can trade over 3000 assets on eToro with this guide:

  1. Open a free account on eToro and complete the verification process.
  2. Click 'Deposit Funds', pick a method, and transfer EUR from Societe Generale 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 Societe Generale Bank.

Societe Generale Bank Cryptocurrency Policy

Cryptocurrencies offer a promising opportunity for the future of finance, and Societe Generale Bank recognizes their value and potential. The bank allows its customers to access ESMA-regulated digital asset exchanges to securely trade crypto. Nothing is stated in the bank's policies prohibiting customers from transferring funds to secure digital asset trading platforms.

Deposit and Trading Fees

‍If you're contemplating diving into the dynamic realm of digital currencies via Societe Generale Bank, it's paramount to grasp the potential related expenses:

  • Transaction Fees: Unlike many cryptocurrency exchanges that exempt deposit fees, Societe Generale Bank might charge transfer fees to trading platforms. Transactions conducted through Societe Generale Bank Credit Card may be subject to a fee, possibly up to 2%. It's advised to confirm these costs with your banking service provider.
  • Investment Expenses: Most crypto investment platforms impose a spread, which is included in every transaction. This spread fluctuates depending on the specific digital currency and the platform, generally around 1%.

It's crucial to keep in mind that expenses can vary across platforms. It's always prudent to meticulously scrutinize the current expense information with your chosen investment platform and Societe Generale Bank.

The Bottom Line

In conclusion, Societe Generale Bank customers who want to invest in cryptocurrencies such as Bitcoin, Ethereum and Cardano have a trusted and reliable option in eToro, a platform regulated by the ESMA and the AMF. We have selected eToro for Societe Generale Bank clients due to its 24/7 multilingual customer services, French language support, low fees, user-friendly interface, and free EUR deposits to trade over 3000 assets spanning six asset classes.


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