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

Intesa Sanpaolo closely aligns with European financial norms to guarantee secure transactions with sanctioned cryptocurrency exchanges. This commitment showcases the bank's dedication to providing its clients with dependable banking solutions.

For those looking to broaden their investment horizons, eToro is notable for its diverse range of over 4,500 cryptocurrencies, commodities, ETFs, and stocks. eToro supports EUR deposits through Intesa Sanpaolo bank accounts and credit cards, making it a convenient option.

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 Intesa Sanpaolo?

Intesa Sanpaolo enables its customers to delve into the realm of digital currencies by facilitating the transfer of funds to exchanges regulated by the OAM, thereby ensuring a secure investment environment in compliance with Italy's rigorous regulatory standards.

It's crucial to understand that Intesa Sanpaolo does not feature an integrated crypto wallet within its banking services. For the secure procurement and management of digital assets, turning to an Italian cryptocurrency investment platform that operates within a stringent regulatory framework is advisable.

How to Buy Crypto with Intesa Sanpaolo

Intesa Sanpaolo simplifies the process of purchasing cryptocurrencies by endorsing fund transfers to compliant exchanges, thus ensuring the security of transactions. Platforms like eToro, known for their conformity to OAM guidelines, offer a reliable avenue for making EUR deposits through various means, including bank transfers, SEPA transactions, and credit card payments.

  1. To begin, create and verify your eToro account using your personal email. 
  2. Head over to 'Deposit Funds,' select your preferred payment method, and initiate a transfer from your Intesa Sanpaolo account. 
  3. Use the search function to locate your desired asset and select 'Trade.' 
  4. Specify the amount you wish to invest and finalize your purchase by clicking 'Open Trade.'
Buy Crypto with Intesa Sanpaolo

Does Intesa Sanpaolo Block Crypto Transactions?

Intesa Sanpaolo does not obstruct transactions to regulated investment platforms within Italy. The bank supports the movement of funds to cryptocurrency exchanges that comply with regulations, thereby embracing the dynamic world of digital assets.

The bank endorses interactions with platforms that strictly adhere to KYC and AML protocols as per the Organismo Agenti e Mediatori (OAM) regulations, reflecting Intesa Sanpaolo's commitment to maintaining the security and integrity of financial dealings in the crypto domain.

Digital Asset Investing Fees

Navigating the landscape of digital asset trading requires a grasp of associated fees, particularly for platforms like eToro. Here's a breakdown of eToro's fee structure:

  • Funding Charges: Adding funds to your eToro account may come with charges, especially when converting to eToro's preferred currency, which might attract a fee ranging from 1.5% to 3%. Deposits in USD are exempt from this charge.
  • Withdrawing Costs: eToro applies a $5 fee for withdrawals. Moving cryptocurrencies also comes with a fee that varies based on the blockchain's current workload.
  • Trading Costs: Each trade on eToro incurs a 1% fee alongside a spread, which is the difference between the buying and selling price of an asset. This spread fluctuates based on the specific asset.

For active traders or those investing significantly, exploring eToro's tiered membership could be beneficial, offering advantages such as reduced fees and dedicated account management for more frequent users.

Closing Thoughts

In summary, Intesa Sanpaolo's strict adherence to European financial regulations and its partnership with platforms such as eToro pave a secure route for clients keen on exploring the cryptocurrency market. Although the bank does not directly offer trading services, it ensures the safe transfer of funds to regulated exchanges, solidifying its status as a reliable banking ally in the digital investment realm.

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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