Buy Bitcoin with Openbank

[✓] last verified 2026-01-28·Reviewed by BankToBTC Team

Data from bank docs & Bank of Spain registers · How we verify · Report an error

Very crypto-friendly.

Crypto Compatibility Score: 82/100 (Excellent)

Score Breakdown:

  • Payment methods: 30/35 pts — fast deposit rails available
  • Bank transfer reliability: 23/25 pts
  • Limits: 12/20 pts
  • Cost: 10/10 pts
  • Evidence: 7/10 pts

Supported payment methods: sepa, sepa-instant

Last verified:

Quick Verdict

Openbank doesn't sell crypto but is digital-first and fast. SEPA Instant to a regulated exchange works smoothly with no reported issues.

  • [✗]

    Can you buy Bitcoin in the app?

    No, use an external exchange

  • [✓]

    Can you fund an exchange?

    Yes, using SEPA Instant

  • [›]

    Best funding method

    SEPA Instant

  • [!]

    Potential issue

    None reported

Top Exchanges for Openbank

Step-by-step guide to buying Bitcoin with Openbank

Openbank works best when you send SEPA transferencia to a CNMV registered exchange and enter the concepto exactly. See the steps below.

  1. Pick a Banco de España registered exchange
    Use a registered provider for smooth SEPA deposits.
  2. Create your exchange account
    Register and enable two factor authentication.
  3. Complete identity verification
    Verify identity so EUR deposits are enabled.
  4. Copy IBAN and concepto reference
    Select SEPA deposit and copy IBAN, BIC, and the concepto reference.
  5. Send transferencia in the Openbank app
    Open the Openbank app, go to Transfers, add the beneficiary, approve with app confirmation, and enter the concepto reference exactly.
  6. Wait for funds to arrive
    SEPA Instant can be seconds if supported; standard SEPA is often next business day.
  7. Purchase Bitcoin
    Buy BTC once credited.
  8. Secure your Bitcoin
    Withdraw BTC to a wallet if you want self custody.

[!] Troubleshooting

  • If you need speed, try SEPA Instant, but confirm the recipient bank supports Instant inbound or it can fall back to standard SEPA.
  • If a transfer is delayed, check that the reference code is included and the sender name matches your exchange profile.
  • If a new payee fails, re-add it and retry after a short wait rather than rapid repeats.

Frequently Asked Questions

Can you buy Bitcoin with Openbank?

Yes. Openbank lets customers buy and sell cryptocurrencies inside Openbank, including Bitcoin and Ether, so you may not need an external exchange. If you prefer external platforms, SEPA transferencias from Openbank to a regulated exchange still work as a funding method. Openbank also supports transferencias inmediatas for eligible routes, which can speed up deposits when SEPA Instant is available.

Openbank crypto vs an exchange: when is Openbank the better choice?

Openbank is simpler if you want to keep everything inside your bank and stick to the coins Openbank lists. An exchange is better if you want a wider set of markets, features, or broader token coverage. A common approach is recurring buys in Openbank, then use a platform for active trading or access beyond Openbank's list.

Can I withdraw Bitcoin from Openbank to my own wallet?

Openbank's crypto product is built for investing, not full wallet freedom in every direction. Before you assume you can move BTC to a self custody wallet, check Openbank's crypto feature rules and supported operations in the crypto section. If you need on chain withdrawals, you may prefer funding an exchange and withdrawing from there.

Openbank SEPA Instant: will it make my exchange deposit hit faster?

It can, but only when the deposit route supports SEPA Instant. Many platforms support SEPA and SEPA Instant and will show what is available during funding. If instant is not offered in the funding flow for your chosen route, you are on standard SEPA timing.

What transfer limits matter at Openbank when sending money to an exchange?

Your configured per operation limit, plus any caps for new beneficiaries. Digital banks are fast, but they still apply strong authentication and risk controls when you add a new IBAN. If the transfer fails, reduce the amount, confirm the beneficiary name and IBAN, then retry once the beneficiary is saved.

Do Openbank cards work for buying crypto, or is transfer still better?

Transfers are more consistent for funding external platforms. Card transactions can be declined because of 3D Secure steps or issuer risk scoring, and failures are more common on first use. If you want predictable funding, use SEPA transfer and buy after the EUR balance is credited.

Evidence & Verification

This page references 4 sources: BBVA Modificar Límites, BBVA Transferencias Guide, Banco de España Crypto Registry. Information was compiled from official sources and user reports.

Sources:

How we verify · Report an error

Information can change without notice. Always verify current policies directly with your bank and exchange before making transactions.