Key Takeaway: Novo Banco allows clients to enter the crypto market by partnering with licensed exchanges, enabling seamless Euro deposits in line with ESMA regulations.
For Novo Banco users, Bybit is the recommended platform, offering free EUR deposits, access to over 970 tokens, and features like demo accounts, copy trading, and staking.
- Instant and free EUR deposits from any Portuguese bank, debit or credit card.
- Buy 970+ cryptocurrencies with low fees (0.1%) through spot and futures trading.
- Regulated and trusted exchange with over 18 million users worldwide.
Can I Buy Bitcoin with Novo Banco?
Yes, Novo Banco sets an easy route for its clients to engage in digital asset trading, even though it does not directly manage these transactions. It connects customers securely and in compliance with regulations to the best cryptocurrency exchanges in Portugal. After depositing funds, users can buy Bitcoin and a variety of other tokens, including Ethereum, Solana, BNB, Ripple, and more. We recommend using platforms that meet ESMA standards for adherence to national financial laws and added protection.
How to Buy Crypto with Novo Banco
As a Novo Banco customer, you can easily enter the digital currency market through exchanges that comply with Portuguese financial regulations. Our primary recommendation for this purpose is Bybit because of its strict adherence to relevant guidelines, robust security infrastructure, and user-friendly design. Furthermore, the platform supports a wide range of more than 970 cryptocurrencies and offers multiple local payment options, including bank transfers, PayPal, Neteller, and credit or debit cards, making it an ideal choice for most investors.
Simply follow these steps to start trading digital assets:
- Registration Process: Create an account on Bybit and complete all necessary identity verification steps.
- Payment Method Selection: Choose a deposit method from the ‘Buy Crypto’ section that aligns with Novo Banco's services.
- Currency Choice: Selecting ‘EUR’ will help you ensure efficient transactions.
- Completing Your Investment: Browse the available crypto assets, decide on an amount, and confirm your purchase by clicking ‘Buy.’
Novo Banco Cryptocurrency Policy
Novo Banco is one of the few Portuguese banks that is actively embracing the shift towards digital currencies. It enables its customers to invest in crypto assets by partnering with platforms that conform to the European Securities and Markets Authority and Portugal's financial regulations. We suggest Bybit for clients seeking reliable digital asset trading. Bybit is compliant with national standards, ensuring high levels of security and transparency in its operations.
Digital Asset Investing Fees
If you want to diversify your investment portfolio with cryptocurrencies, we recommend you take the time to get familiar with the associated costs. This understanding is the key to optimizing your financial gains. Here is a quick guide to the common charges you can expect to encounter on digital asset exchanges:
- Depositing Fees: The cost incurred when moving funds from Novo Banco to a trading platform can vary based on your payment choice. Usually, bank transfers are more economical than using faster methods like debit or credit cards.
- Transaction Costs: Fees for executing trades primarily depend on the selected exchange. Platforms like Bybit often charge approximately 0.1% on each purchase or sale.
- Withdrawal Rates: Taking out digital currencies from the exchange typically involves fees that are specific to each asset. For instance, Bitcoin usually comes with a fixed commission of 0.0005 BTC, irrespective of the amount being withdrawn.
Bybit is the leading option for Portuguese customers exploring the crypto market. It offers a trustworthy and secure platform, accommodating a diverse range of over 970 tokens. Moreover, its fee structure is designed to appeal to traders at all experience levels, offering a balanced combination of affordability and functionality for effective asset management.
What is Novo Banco?
Novo Banco is a Portuguese bank that was created in 2014 as a result of the resolution of Banco Espírito Santo (BES), which was one of the largest banks in Portugal. It was established to secure the healthy assets of BES, focusing on providing a wide range of banking services. Therefore, Novo Banco has been instrumental in restoring confidence in the national financial system, adhering to stringent regulatory standards, and focusing on risk management.
Today, it offers a broad selection of services, including loans, savings, asset management, and digital financial solutions to its clients. Known for its commitment to innovation and customer service, it has been actively restructuring and modernizing its operations to align with the dynamic needs of the contemporary banking landscape.
Final Thoughts
In summary, Novo Banco has simplified the process for its customers to deposit Euros and engage in cryptocurrency trading, ensuring compliance with ESMA regulations and Portuguese financial laws. Bybit is the recommended exchange for its account holders, offering an easy platform for EUR transactions, a vast selection of over 970 coins, and a secure, transparent trading environment. Additionally, it enhances the investment experience with features like multi-language support, including Portuguese, and advanced tools like demo accounts and an NFT marketplace.
Andrew Chen is a lead editor and auditor of content for Buy Crypto Bank, with a Masters of Computer Science and extensive knowledge in cryptocurrency and blockchain technology. He has helped ensure the accuracy and quality of the platform's educational resources for new and experienced investors in the crypto space.
