How to Buy Crypto with Hello Bank

Hello Bank Cryptocurrency Policy

Hello Bank, a digital subsidiary of BNP Paribas, provides its customers with a comprehensive range of financial services. Although it does not offer direct crypto investment options, the bank facilitates Euro transfers to exchanges.

Customers must use platforms regulated by the Autorité des marchés financiers (AMF). This gives investors a secure way to access digital assets while adhering to French standards.

Our recommended exchange is eToro (Europe) Ltd, a trusted platform registered as a Digital Assets Services Provider (DASP) with the AMF in France.

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How to Buy Bitcoin and Crypto with Hello Bank

Hello Bank customers can buy crypto by transferring funds to trusted digital asset exchanges that accept EUR deposits and are regulated by the AMF. 

Here's a guide to buying cryptocurrency on eToro.

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1. Create an Account

Visit eToro’s official website and select ‘Join eToro’ on the homepage. Enter your email address, then create a username and password. After setting up your account, complete the required questionnaire and identity verification to comply with AMF regulations.

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2. Transfer Funds

Once your account is active, it's time to fund it. Click on the ‘Deposit Funds’ button, choose ‘EUR’ as your currency, and select your preferred payment method. Follow the prompts to transfer funds from your Hello Bank account.

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3. Locate Cryptocurrency

After your deposit is confirmed, find the cryptocurrency you want to buy by using the search bar on eToro’s platform. Enter the name of the asset (e.g. Bitcoin), and once located, click on the ‘Trade’ button to proceed.

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4. Complete Trade

Enter the amount you wish to invest, choose your order type, and hit ‘Trade’. Your cryptocurrency purchase is now complete. You can review your holdings by accessing your ‘Wallet’ or ‘Portfolio’ tab on eToro.

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Fees & Limits

When investing in cryptocurrencies, it’s important to consider the fees involved with your bank and selected exchange. Understanding these costs helps you manage your investments.

eToro Costs

• Trading Fees: eToro charges a 1% fee on crypto transactions, covering both buying and selling.
• Deposit Fees: Euro deposits on eToro are free, but as all trades on the platform are executed in USD, a 0.5% conversion fee applies to convert EUR to USD.
• Withdrawal Fees: There are no charges for transferring Euros back to your Hello Bank account.

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Hello Bank Limits

• Transfer Costs: Transferring funds from Hello Bank to eToro or any other AMF-regulated exchange typically incurs no additional fees from the bank.
• Payment Limits: Standard debit card limits generally range from €5,000 to €10,000 per month, while bank transfer limits are €25,000 per day. 

For Hello Bank customers, eToro provides an affordable option for crypto trading, offering competitive transaction fees and low cost deposit options in Euros.

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Final Thoughts

Buying cryptocurrency through Hello Bank becomes easy with AMF-regulated exchanges like eToro, which offers fast trades, competitive fees, and accepts local EUR deposits.

By allowing transactions solely with authorized platforms, Hello Bank provides a safe way for customers looking to expand their portfolios with digital assets.