How To Buy Crypto with BNP Paribas

    • James Page

James HeadshotAuthor: James Page - Last Updated on June 28, 2022

Summary: Banks generally don’t offer crypto trading as part of their platform due to the regulations and complexities that come with setting up a crypto trading platform. However, that doesn’t mean you can’t use your BNP Paribas account to buy crypto.

All you need is a reliable and trusted cryptocurrency trading platform. We recommend using eToro as it’s a very well-known exchange (rated 4.2/5 with over 15000 reviews) with a good amount of cryptocurrencies to choose from and great support.

Buy Crypto with eToro

How to buy crypto or bitcoin with BNP Paribas

As stated above, just like with the vast majority of banks, you can’t buy crypto with BNP Paribas on their platform. At the time of writing, banks aren’t implementing crypto trading platforms yet, seemingly because of the extra regulations they need to adhere to, in addition to other complexities when it comes to setting up a crypto trading platform.

However, there are many cryptocurrency exchanges that you can use for buying bitcoin and other cryptocurrencies.

1. Choose a crypto exchange

While there are a lot of cryptocurrency trading platforms, it can get a bit tricky comparing them all as they all offer very similar features. The differentiating factors are mainly fees, the amount of digital assets to choose from, and any special features that the other exchanges don’t have.

The reason we recommend going with eToro is that they have a great combo of global reach (a lot of exchanges only work within specific GEOs), competitive fees, and a few very neat features (like “Copy Trading”, which allows you to copy the trades of other investors on the platform).

Let’s get into it!

etoro crypto

2. Create an account on the exchange

The first thing to do is to create an account on the exchange and go through the required verification processes, which should go very smoothly as they’ve got it all streamlined.

Sign Up with eToro

eToro sign up form

3. Transfer funds into the account

Transferring funds from your BNP Paribas account is also pretty easy as eToro supports bank transfer, PayPal, credit/debit card, and a few more deposit methods.

4. Buy cryptocurrency

Once the funds are in the account, you can navigate to their markets section, choose your cryptocurrency and hit the buy/trade button.

And that’s it, you now have some crypto, congratulations!

Buy Crypto with eToro

 

 

About BNP Paribas

BNP Paribas S.A. was a French international banking group that was born from the merger of Paribas Bank and Banque Nationale de Paris in 2000.

As of February 2021, there were 190,000. The bank's three main business areas are Commercial, Personal Banking & Services and Investment & Protection Services (CPBS), Corporate & Institutional Banking, (CIB).

The group is listed at Euronext Paris's first market. It is also a component of Euro Stoxx 50's stock market index.

BNP Paribas, the largest European banking group, is 7th in the world. Following the 2008 financial crisis, BNP Paribas became one the five biggest banks in the world. It remains one of 10 largest banks worldwide, despite legal challenges in 2014. Financial Stability Board has designated it as a bank that is systemically significant.

The Banque Nationale de Paris S.A. (BNP) resulted from a merger of two French banks in 1966: Banque nationale pour le commerce et l'industrie (BNCI) and Comptoir national d'escompte de Paris (CNEP).

Paribas was founded in 1872 by two investment banks based in Paris and Amsterdam. Les Pays-Bas, French for the Netherlands, is called "The Low Countries"

BNP Paribas and Paribas were merged in May 2000. The result was BNP Paribas. It is descended from the four founding banks.

BNP Paribas, the US bank holding company, owns BancWest. BancWest is a subsidiary of Bank of the West. First Hawaiian Bank was previously owned by BancWest. Bank of the West has operations in 19 Western US States, and is the 7th largest bank by assets. First Hawaiian Bank holds a 40% share of the deposits market in Hawaii. Together, the banks have 710 branches that serve 5 million customers.

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