Bitcoin
BTC
$
00000.00
-0.00%
Ethereum
ETH
$
00000.00
-0.00%
Solana
SOL
$
00000.00
-0.00%
XRP
XRP
$
00000.00
-0.00%
Dogecoin
DOGE
$
00000.00
-0.00%
ChainLink
LINK
$
00000.00
-0.00%
Binance Coin
BNB
$
00000.00
-0.00%
Cardano
ADA
$
00000.00
-0.00%
Litecoin
LTC
$
00000.00
-0.00%
Ordinals
ORDI
$
00000.00
-0.00%
Polygon
MATIC
$
00000.00
-0.00%
Optimism
OP
$
00000.00
-0.00%
Arbitrum
ARB
$
00000.00
-0.00%
Polkadot
DOT
$
00000.00
-0.00%
Avalanche
AVAX
$
00000.00
-0.00%
Sui
SUI
$
00000.00
-0.00%
Ethereum Classic
ETC
$
00000.00
-0.00%
FileCoin
FIL
$
00000.00
-0.00%
Celestia 
TIA
$
00000.00
-0.00%
Injective
INJ
$
00000.00
-0.00%

Key Takeaway

BNP Paribas offers a secure gateway for transactions to accredited cryptocurrency platforms, showing its commitment to providing dependable banking solutions.

For individuals looking to broaden their portfolios, we recommend eToro for its extensive selection of over 4,500 digital currencies, commodities, ETFs, and stocks. eToro supports EUR deposits through BNP Paribas accounts and credit cards, making it convenient.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
eToro Europe
eToro Europe

This review and rating adhere to our editorial policy and the the research methodology of StacksOnChain analysts, guaranteeing the accuracy and reliability of our reports.

Rating
9.8

Supported Assets

4,500 Cryptocurrencies, Stocks, ETFs and more.

Trading Fees

0% Fees and Variable Spread (1%).

Can I Invest in Crypto with BNP Paribas?

BNP Paribas facilitates its clients' entry into the digital currency market by enabling the transfer of funds to exchanges that comply with strict regulatory standards set by the AMF, ensuring a secure trading environment.

It's crucial to note that BNP Paribas' digital banking services do not include crypto wallets. For the secure purchase and management of cryptocurrencies, it's advised to choose a French investment platform that operates within a stringent regulatory framework.

How to Buy Crypto with BNP Paribas

BNP Paribas simplifies the crypto purchasing process by allowing fund transfers to compliant exchanges, thereby guaranteeing transaction security. Platforms like eToro, known for their adherence to AMF regulations, offer a reliable way to make EUR deposits through bank transfers, SEPA transactions, Skrill, Neteller, and credit or debit card payments.

  1. To begin, set up and verify your eToro account using your personal email. 
  2. Proceed to 'Deposit Funds,' select your preferred payment method, and perform a transfer from BNP Paribas. 
  3. Use the search function to locate the asset you're interested in and click on 'Trade.' 
  4. Decide on your investment amount and finalize the transaction by clicking 'Open Trade.'

Does BNP Paribas Block Crypto Transactions?

No, BNP Paribas does not obstruct transactions to regulated investment platforms. The bank facilitates the flow of funds to compliant cryptocurrency trading platforms, embracing the progressive nature of fintech.

BNP Paribas encourages interactions with platforms that strictly follow KYC and AML protocols as mandated by the Autorité des marchés financiers (AMF), reflecting the bank's commitment to maintaining the security and integrity of financial transactions within the crypto domain.

Digital Asset Investing Fees

For those interested in buying digital assets, understanding exchange fees is key to making wise financial decisions. Let's examine eToro's fee structure:

  • Deposit Costs: Depositing funds into your eToro account may entail fees. While USD deposits are free, depositing Euros might cost between 1.5% to 3%.
  • Withdrawal Fees: eToro sets a $5 fee for fiat withdrawals to your bank, while crypto withdrawal fees adjust according to the network's current congestion.
  • Trade Costs: On eToro, trades come with a 1% fee plus the spread, which reflects the gap between the buying and selling price of the digital asset. These fees can vary with the asset traded.

For avid traders, eToro's membership tiers offer attractive benefits such as reduced fees and personal account management, which is particularly appealing to institutions.

Closing Thoughts

In summary, BNP Paribas' compliance with European financial standards and its partnership with platforms like eToro provides a secure route for clients interested in the digital asset market. Although BNP Paribas does not directly engage in trading, it facilitates the safe transfer of funds to regulated exchanges, enabling clients to navigate the crypto space securely.

Author

Elena Boyaci is the proactive editor-in-chief of StacksOnChain, bringing her extensive journalism experience to the forefront. She spearheads a committed team, focusing on providing prompt and comprehensible updates on crypto and finance.

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