How To Buy Crypto with CaixaBank

    • 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 cryptocurrency trading platform. However, that doesn’t mean you can’t use your CaixaBank 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 CaixaBank

As stated above, just like with the vast majority of banks, you can’t buy crypto with CaixaBank 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 cryptocurrency trading platform.

However, there are many cryptocurrency trading platforms 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 CaixaBank 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 CaixaBank

CaixaBank, S.A., also known as Criteria CaixaCorp, has been a Spanish multinational financial services firm. CaixaBank's headquarters are in Valencia. It also has operative offices located in Madrid and Barcelona in Spain. It is Spain’s third-largest lender, according to market value, following Banco Santander & BBVA. CaixaBank is the Spanish branch network with the largest number of branches, with 5,397 branches serving its 15.8 million customers. It is part of IBEX 35 and listed in Bolsa Madrid.

The company includes the universal banking, insurance, and investment activities of La Caixa as well as the group's stakes at Repsol, the oil-and gas firm, and Telefonica, among other financial institutions.

In 2007 the firm was originally called Criteria CaixaCorp. It was a publicly traded vehicle that La Caixa used to manage its shareholdings in financial and industrial services companies. At the time it was launched in 2007, Criteria CaixaCorp was the largest Spanish initial public offering. The company was promoted from the IBEX 35 index to the IBEX 35 index on January 2008.

The 2011 restructuring of the company group saw Criteria become CaixaBank. La Caixa’s banking and insurance activities were merged in to it. Most of Criteria's industrial stakes, including Grupo Port Aventura and Grupo Adbar, Gas Natural and Abertis, were also transferred from the firm to Criteria CaixaHolding. This 100%-owned entity is owned by La Caixa. [6] CaixaBank retained stakes and other holdings in Repsol YPF & Telefonica, as well as in all its financial services businesses.

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