How to Buy Crypto with UniCredit Bank

Bottom Line: UniCredit customers must utilize a regulated digital asset exchange in order to buy and sell cryptocurrency like Bitcoin and Ethereum. This is because the bank does not offer cryptocurrency investing services. We recommend using a platform regulated by the European Securities and Markets Authority (ESMA) to ensure a secure trading experience.

Our team has analyzed the top digital asset exchanges available to UniCredit customers and identified eToro as the best option for Italian investors. eToro is an ESMA-regulated cryptocurrency trading platform registered with the Italian Crypto regulator, the Organismo Agenti e Mediatori (OAM). In addition to trading crypto, the exchange provides users access to stocks, commodities, indices, fiat currencies, and ETFs.

Can I Buy Crypto with UniCredit?

As previously stated, UniCredit lacks an inbuilt functionality for executing cryptocurrency trades on its platform. Despite lacking dedicated crypto investment services, UniCredit approves its clients' transfers to digital currency exchanges in Italy. It's critical to opt for a crypto trading platform overseen by the European Securities and Markets Authority (ESMA) to ensure the security of your assets.

How to Buy Crypto with UniCredit

UniCredit customers can buy digital assets by utilizing the eToro exchange. Italian investors simply need to deposit Euros to eToro through one of its supported payment methods, which include Bank Transfer, Credit Card, Debit Card, Skrill, Neteller, Klarna and PayPal.

UniCredit clients can get started on eToro with this short guide:

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

UniCredit Cryptocurrency Policy

UniCredit enables its customers to seamlessly invest in cryptocurrencies by permitting them to transfer funds to ESMA-regulated digital asset exchanges. Through strategic partnerships with regulated platforms, the bank simplifies the process of buying, selling, and trading digital currencies. Although it allows clients to send funds to licensed exchanges, it does not permit them to use unregulated ones like KuCoin.

Deposit and Trading Fees

For those exploring the possibility of diving into the world of digital currencies with UniCredit, understanding the likely fees associated with such transactions is crucial. Here's a rundown of typical charges crypto enthusiasts might come across when handling virtual currencies:

  • Deposit Charges: Unlike several crypto exchanges that offer free deposits, UniCredit may impose specific transfer fees. You're advised to verify these charges with your bank. Deposits made using a UniCredit credit card might incur a fee exceeding 2%.
  • Trading Fees: A spread, a small fraction of each transaction, is usually charged by most crypto trading platforms. This spread depends on the cryptocurrency and the platform, generally around 1%.

Remember, the fees can vary from one platform to another. Hence, it's recommended to meticulously examine the up-to-date fee information with your chosen cryptocurrency exchange and UniCredit.

The Bottom Line

To recap, UniCredit’s clients cannot trade cryptocurrencies directly through the bank. However, they can send Euros to buy digital assets using licensed and regulated platforms like eToro. We have selected eToro as the best option as it offers free and instant EUR deposits to Italian investors to trade over 3000 assets with low fees. The exchange offers 24/7 Italian-speaking customer support and the platform can be used entirely in the language.


Are Crypto Exchanges in Italy Regulated?
Does UniCredit block transactions to crypto exchanges?

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