How to Buy Crypto With BNP Paribas [2023] | Step-by-Step

Summary: BNP Paribas Bank doesn’t offer customers the chance to buy cryptocurrencies on its own platform. Instead, BNP Paribas customers can connect their banking accounts to a regulated crypto broker to purchase digital assets like Bitcoin (BTC) and Ethereum (ETH). 

In short, to buy crypto with BNP Paribas, investors will need to sign up with a licensed crypto-friendly exchange like eToro and deposit EUR from their BNP Paribas account.

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Intermediate Traders and Investors

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Finbold is compensated if you access certain of the products or services offered by eToro USA LLC and/or eToro USA Securities Inc. Any testimonials contained in this communication may not be representative of the experience of other eToro customers and such testimonials are not guarantees of future performance or success.

Can you buy crypto with BNP Paribas? 

You can buy crypto with BNP Paribas, but you need to connect to a licensed exchange that offers cryptocurrencies. As mentioned above, this is because BNP Paribas does not offer cryptocurrency services directly through its online banking platform.

How to buy crypto with BNP Paribas?

The best way to buy Bitcoin or any other cryptocurrency with BNP Paribas is through a regulated broker like eToro, which is a widely trusted multi-asset investing platform with over 70 cryptocurrencies and unique features such as “Copy Trading” (enables users to imitate top-performing crypto traders), a staking service, custom watchlist, as well as advanced charts and technical analysis tools. 

How to buy crypto with BNP Paribas online banking: Step-by-Step

You can get started in minutes with four simple steps:

• Step 1: Create an account on eToro and complete your verification (personal or company);
• Step 2: Enter the EUR amount you want to deposit on the eToro platform;
• Step 3: Connect your BNP Paribas online account to deposit your selected fiat currency;
• Step 4: The final step is to find the cryptocurrency you want to purchase and execute your trade.

Best for:

Intermediate Traders and Investors

2.8 Million Active Accounts

Get Started

Finbold is compensated if you access certain of the products or services offered by eToro USA LLC and/or eToro USA Securities Inc. Any testimonials contained in this communication may not be representative of the experience of other eToro customers and such testimonials are not guarantees of future performance or success.

About BNP Paribas

BNP Paribas is a French multinational banking group established in 2000 through a merger between Banque Nationale de Paris (BNP) and Paribas. The bank is organized into three major operating areas: Commercial, Personal Banking & Services, Investment & Protection Services, and Corporate & Institutional Banking. With a presence in 65 countries, it is Europe’s second-largest banking group after HSBC, offering customers a broad range of financing, investment, savings, and protection services. 

BNP Paribas’s crypto policy

BNP Paribas is a crypto-friendly bank with no policies prohibiting users from depositing/withdrawing funds to/from regulated crypto exchanges. In fact, the French bank announced in July 2022 that they would be partnering with Swiss digital asset safekeeping firm Metaco and crypto custody firm Fireblocks to expand its digital asset custody offering as well as help customers issue, transfer, and safe keep regulated crypto assets.

How to buy crypto safely

As a relatively new and untested territory, cryptocurrency markets are highly speculative, and little regulatory framework exists for their trading globally. 

Fortunately, there are steps you can take to ensure you’re staying safe when investing in crypto. Here are a few essential guidelines for getting started with digital assets and how to best protect yourself and your money:

• Research the cryptocurrency you want to buy: Make sure you understand how it works and what the risks are; 
• Only use a safe device: Avoid public computers and Wi-Fi networks. Always use your personal computer with a VPN, which helps establish a secure connection between you and the web, keeping your sensitive information safe;
• Choose a reputable exchange: Ensure the exchange is licensed by the appropriate regulators in your country and has a solid track record. Study the exchange’s user terms and agreements carefully to learn more about where your money is kept and what happens to your funds if the business goes bankrupt. You may also want to scour through user reviews to catch any red flags;
• Secure your account: Use two-factor authentication and a strong password to protect your account;
• Use a secure wallet: Store your cryptocurrency in a secure wallet to protect it from hackers. You can opt for either a hot (online) or cold (offline) wallet. To choose the right one for you, make sure to check out our in-depth guide on crypto wallets;
• Don’t invest money you can’t afford to lose: Because the crypto market can be so volatile, you need to be conservative with your investments, particularly when starting out. For more investing tips, have a look at our guide on investing mistakes to avoid;
• Monitor your investments: Keep an eye on the market and be aware of any changes in the price of the cryptocurrency you’re investing in. 

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk. 

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