Easy
Can you buy cryptocurrency with your bank?
Yes, but only in rare cases. The traditional bank where you hold an account generally doesn't offer the option to directly purchase virtual currencies like Bitcoin or Ethereum Ethereum However, some newer banking institutions have started offering this service. For most beginners, the most common method remains using centralized exchanges where you can convert your euros into cryptocurrencies after a simple transfer. In this article, we'll explore why buying cryptocurrency through your bank isn't always straightforward and what alternatives exist if you want to manage your digital assets with peace of mind.
Table of contents
Can you buy cryptocurrency with your bank? Centralized exchanges are the most common method.
Before discussing whether or not you can buy tokens from your bank, let's clarify from the outset that the most common way to acquire digital assets is through exchange platforms . On these sites, you can create an account, make a deposit by credit card or bank transfer, and then convert fiat currency (often euros or dollars) into tokens . Here's why these centralized exchanges are popular:
- Quick registration: a simple identity verification ( KYC ) is usually sufficient.
- Simple interface: most beginners can navigate it easily.
- Wide selection: you can find a wide variety of ltc ltc , from Bitcoin to more exotic projects.
- Transaction fees are often low, depending on the platform chosen and the volume traded.
In short, before even considering your traditional bank , note that the simplest solution remains going through an established player in the buying and selling of crypto assets . However, the question remains: " Can you buy cryptocurrency with your bank ?" The answer is almost always no, and we'll see why.
Why don't most banks sell crypto?
The very nature of virtual currencies largely explains why traditional banks do not offer cryptocurrency . Bitcoin , for example, is designed to operate without intermediaries. The blockchain that underpins this currency decentralizes the verification and validation processes for transactions, leaving little room for traditional bank fees (account maintenance, transfer management, etc.). It is therefore logical, from a purely economic perspective, that a large part of the banking sector is reluctant to adopt them.
The initial idea behind cryptocurrencies: to eliminate intermediaries
The first blockchain Bitcoin 's ) emerged in 2008, at the height of the financial crisis, with the aim of providing a monetary exchange system without a central authority. This technology introduced the possibility of peer-to-peer transactions, validated by a network of nodes distributed across the system. Thus, no traditional banking institution is involved in endorsing or supervising the exchange; each transaction is secured by cryptography and immutably recorded in a block .
Thanks to this mechanism, virtual currency is freed from the costs and delays imposed by third parties, such as banks or financial institutions. smart contract ( introduced later, in 2015, with Ethereum Ethereum go even further, automating certain contract clauses—all without requiring the intervention of a notary, administrator, or third-party manager. It is therefore clear that this technological discontinuity does not benefit the banking sector in its traditional model.
A use that does not benefit the banks
When you make a transfer, pay off an overdraft, or take out a loan, your bank often charges fees and profits from your deposits. In the world of cryptocurrency , these functions are largely replaced by blockchain , proof of stake (to secure the network through staking ), or DeFi (decentralized finance), which offers lending and borrowing without going through traditional channels. This results in a lack of interest, or even a clear, often unjustified, warning from banks to encourage the adoption of this competing ecosystem, where they would face less demand and often lose their usual profit margins.
Can you buy cryptocurrency with your bank? Regulatory mistrust surrounding cryptocurrencies
Besides the fact that virtual currencies challenge the banking business model, the legal and regulatory framework remains cautious, even complex, for banks wishing to offer crypto services. In France, for example, institutions that offer trading or custody of crypto-assets must be registered as a DASP ) with the Financial Markets Authority (AMF) . This is a cumbersome process that requires:
- Strict controls in the fight against money laundering (KYC/AML).
- Transparent and secure management of user funds.
- An internal governance structure adapted to this new activity.
- Specific rules apply in the case of tokenization NFT management .
Faced with these demands, most banks prefer to abstain, especially given the ongoing uncertainties surrounding crypto taxation and the volatility of these markets. The banking sector, by definition, is highly regulated and must justify its every decision. Therefore, there is a wait-and-see approach: waiting for the legal framework to become more stable, or for customer demand to become so strong that it would be impossible to ignore.
Some banks that offer cryptocurrency trading
Despite this, some crypto-friendly banks are starting to emerge. These may be initiatives from traditional banks, licensed brokers, or specialized neobanks. In the French market, for example, there are:
- Banque Delubac & Cie PSAN status with the AMF, it allows you to invest in Bitcoin , Ethereum Ethereum Tezos Tezos a dedicated account.
- Deblock : a French neobank merging a non-hosted digital wallet integrated crypto-assets
- Revolut : a British-based company, technically closer to a fintech than a traditional bank, allowing the purchase, sale and even staking of certain cryptocurrencies ( Ethereum , Cardano , etc.).
- Trade Republic : originally a German mobile broker, now holding a banking license. It allows access to around fifty crypto-assets and also pays interest on euro deposits.
These rare examples are still the exception. However, they illustrate an emerging trend: banks and brokers are transforming their offerings to meet the growing demand for digital assets . Fees, financial stability, and security vary from one provider to another, so it is essential to compare their terms and conditions before entrusting your crypto assets to a banking institution.
Why do these solutions remain rare?
For a traditional institution, launching a crypto represents a risk on several levels: first, in terms of reputation, as investing in volatile markets can frighten savers; second, in terms of technical and regulatory challenges, as it requires setting up secure infrastructure (wallets, custody , etc.) and complying with the requirements of the AMF (French Financial Markets Authority) or other national regulators. It therefore represents a profound paradigm shift.
Can you buy cryptocurrency with your bank? Centralized exchanges are the most accessible answer.
If you don't have access to a crypto-friendly bank, the most obvious way to buy tokens is through centralized exchanges . As a reminder, a centralized exchange is a platform that acts as a trusted intermediary, storing your cryptocurrencies and handling conversions to your chosen currency.
To invest in cryptocurrencies, we recommend Gemini.
The platform offers:
- Top-notch security, with “cold” storage of the majority of funds
- A dual interface: a simplified application for beginners and ActiveTrader , an advanced platform offering decreasing fees according to volume and a competitive order book.
- Access to more than 60 cryptocurrencies, as well as a rare offering on the market: tokenized stocks (Nvidia, Apple, etc.). These products replicate the price of real stocks via tokens issued directly on the Gemini platform, allowing them to be purchased and traded 24/7 like cryptocurrencies, without going through a traditional stock broker.
- Strict regulatory compliance, with Gemini being one of the first platforms approved in the United States and holding the European license ( MiCA ).
- Additional services such as staking to generate returns on these cryptocurrencies.
Gemini therefore allows you to invest in both cryptocurrencies and tokenized stocks, all in a secure and regulated environment.
How to buy cryptocurrencies step by step using exchanges
For beginners, buying cryptocurrency through an exchange remains the simplest method. Here's how to do it in a few steps:
- Choosing a platform : select a reputable site, check its regulation and consult user reviews.
- Create an account : provide your personal information and complete the KYC .
- Depositing funds : make a SEPA transfer or use your bank card to credit your balance in euros.
- Proceed to purchase : on the exchange interface, select the crypto you wish to acquire (e.g., Bitcoin , Ethereum , etc.).
- Store your assets : keep your tokens on the platform or move them to a wallet , for example a physical wallet.
At this stage, you will have purchased your first cryptocurrencies without going through your bank, which is only involved in the initial transfer. The vast majority of individual investors operate this way. Some also regularly transfer euros from their bank account to an exchange to build up their portfolio.
The limitations of this solution
A centralized exchange acts as a one-stop shop for all your cryptocurrency . However, this comes at the cost of significant reliance on the platform's security: if it goes bankrupt or is hacked, your funds could be compromised. Furthermore, you remain subject to transaction fees , which can vary depending on the volume traded and the type of cryptocurrency.
To enhance your security, many users prefer to transfer their cryptocurrencies to an offline wallet ( cold wallet ), such as Ledger or Tangem . This guarantees you complete control over your private keys but requires a bit more technical knowledge. In any case, this solution does not directly involve the services of a traditional bank .
Can you buy cryptocurrency with your bank? And what about DeFi?
A word about DeFi (decentralized finance): this rapidly expanding ecosystem aims to offer the same services as banks (loans, borrowing, exchanges, returns) but using dApp and smart contract . DeFi projects are proliferating on several blockchains such as Ethereum , Polygon , and the BNB Chain .
Here again, the logic is diametrically opposed to that of banks: in DeFi , you lend or borrow without intermediaries, thanks to autonomous contracts that manage collateral, interest rates, and liquidation in case of default. This model, although risky due to the volatility inherent in the early stages of cryptocurrencies, eclipses the traditional role of banks.
How does this further deter traditional banks?
DeFi exemplifies what virtual currencies can do: offer a virtually autonomous financial ecosystem where blockchain replaces traditional institutions. It's therefore understandable that the vast majority of banks are slow to adopt this technology, or even view it with suspicion. The sharing of power among thousands of nodes, the rejection of centralization, and the radical transparency of blockchain disrupt traditional banking practices. It's thus difficult for an entity aiming for profit through intermediation to embrace this decentralized vision.
Can you buy cryptocurrency with your bank: Future prospects, towards greater integration?
Despite these obstacles, a gradual evolution is underway. Major banks like JPMorgan and Goldman Sachs are experimenting with private blockchains or investing in the digital asset . The role of banks could be redefined around services such as secure cryptocurrency custody or the implementation of more traditional derivative products. In Europe, the MiCA ) establishes a common framework that could encourage some banks to take the plunge.
A gradual shift in discourse
Many banking executives now recognize the growing role of cryptocurrencies in the economy. If offering such products becomes inevitable to remain competitive, then banks will embrace them. The example of certain fintechs proves that there is real demand for hybrid services combining fiat and virtual currency . However, these transformations will take time and will require increased compliance, particularly regarding crypto taxation (DASP) obligations , and risk management.
Can you buy cryptocurrency with your bank: How can you still use your bank to acquire crypto?
If your bank does not directly offer the purchase of crypto-assets , you can still use them indirectly:
- Make a transfer to a centralized exchange : this is the most common method. You deposit euros on the platform, then convert them into Bitcoin or other tokens .
- Use your bank card: some platforms accept direct card payments to buy cryptocurrencies , although the fees are sometimes higher than by bank transfer.
- Keep an eye out for neobank offers: if you're a customer of a service like Revolut or N26 , you may have access to a "Crypto" section integrated into their app. However, these options remain limited if you want to do advanced trading or transfer your cryptocurrencies to an external wallet
In all cases, it is essential to carefully read your bank's terms and conditions. Some banks impose restrictions on transfers to foreign exchanges or may temporarily block payments deemed suspicious. Depending on the exchange platform's location, banks sometimes conduct enhanced transaction reviews.
Limits to consider
- Potential blocking : some institutions may freeze a transfer to an exchange if they believe there is a risk of fraud or money laundering.
- Bank fees : check that your bank does not charge additional fees for this type of international transfer.
- Withdrawals can be difficult : if you sell your cryptocurrencies on an exchange and want to get your euros back, the bank may ask for proof of the origin of the funds.
Can you buy cryptocurrency with your bank? A closer look at crypto-automated services
To fully understand the problem facing banks, let's recall everything that cryptocurrencies allow us to do without intermediaries:
- Make a money transfer to the other side of the world, 24/7, without excessive fees.
- Securing transactions in a ledger , tamper-proof and accessible to all.
- Automating the management of certain rights or payments through smart contract contracts .
- Create stablecoin pegged to official currencies, in order to circumvent fluctuations and facilitate exchanges.
- Allow the creation of dApp or decentralized autonomous organizations ( DAOs ) capable of operating without a fixed hierarchy.
These functions partially undermine the intermediary role that banks typically play. In a purely decentralized model, they become merely optional operators for simple euro-to-crypto conversion. This largely explains why most institutions have no immediate incentive to offer the purchase or sale of crypto-assets .
Special case: the tokenization of securities
The picture needs to be nuanced by mentioning the tokenization of financial assets (stocks, bonds, fund units). Institutional players and some banks are beginning to consider blockchain as a way to simplify the custody and transfer of securities and to make settlement more efficient. In this scenario, the bank would retain a custody for the assets and would receive fees for setting up this infrastructure. This is referred to as a private or consortium blockchain, which sometimes deviates from the philosophy of a cryptocurrency . Nevertheless, this type of development demonstrates that the line between traditional finance and decentralized finance can eventually become blurred.
Conclusion: Banks are a secondary player in the purchase of cryptocurrencies
The answer to the question " Can you buy cryptocurrency with your bank ?" is most often no. Traditional banks do not (yet) offer this service because blockchains and decentralization challenge their business model. They also fear the volatility of cryptocurrencies , regulatory uncertainty, and the complexity of an entirely new infrastructure. A few rare institutions or neobanks stand out, but remain the exception rather than the rule.
In the meantime, both novice and experienced investors most often find satisfaction through centralized exchanges , where a simple bank transfer is all it takes to acquire tokens . Some then turn to DeFi to grow their digital assets and circumvent the limitations of the banking system. Banks, for their part, focus on services that have historically been profitable for them and are slowly adapting to new regulations imposed by national and international bodies.
If you're looking for a 100% banking solution for investing in cryptocurrencies , check out the offers from specialized players like Delubac & Cie , Trade Republic , or Deblock . Otherwise, the most direct route remains opening an account on a centralized exchange and transferring your funds from your bank, while adhering to crypto taxation and the reporting requirements for your earnings. In the future, it's possible that banks will integrate more solutions to meet the growing interest from individuals, especially if European regulations ( MiCA ) prove stable and supportive. But for now, decentralized finance is driving the market and fostering innovation, leaving banks on the sidelines.
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Yoann
Training engineer, I quickly became interested in the field of finance. Convinced that decentralized finance has a bright future ahead of it, I participate in its democratization by developing Crypternon.
