What is BBVA’s crypto service?
BBVA launched its crypto trading and custody service for retail customers in Spain on July 4, 2025, making it the first traditional bank in the country to offer such a service under the EU’s new MiCA regulations.
BBVA’s crypto offering provides buy, sell and custody services for Bitcoin (BTC) and Ether (ETH), integrated directly into the bank’s mobile banking app. The service is designed to bring cryptocurrency access to retail investors without requiring them to use third-party exchanges or separate custodians.
Key features include:
- Support for BTC and ETH trading.
- Custody handled directly by BBVA, not outsourced.
- Full integration with existing BBVA accounts for easy fund movement.
- Mobile-first interface, built into the standard BBVA banking app.
- No investment advice provided; this is a self-directed product.
- No DeFi or staking functionality; just basic trading and storage.
This is not a separate app or partnership-based service. It is a native offering from one of Europe’s major banks aimed at making crypto feel more familiar, secure and compliant.
Who can use BBVA’s crypto offering and how?
As of its launch in Spain, BBVA’s crypto services are available to all Spanish residents aged 18 and older who hold a BBVA bank account.
This represents a significant expansion from BBVA’s earlier crypto pilot projects in Switzerland and Turkey, which were limited to private banking or foreign subsidiaries.
Accessing the service is straightforward. Here’s are the general steps involved:
- Open the BBVA mobile banking app.
- Navigate to the crypto tab in the investment or financial services section.
- Verify identity through standard KYC procedures.
- Fund the account with euros from your main BBVA account.
- Buy or sell BTC and ETH within the app.
- Hold crypto in bank-grade custody, secured by BBVA.
- View portfolio…
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